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Partners in Coating

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Financial year 2024 · closed on 31/12/2024

Net result

39,7 k €

+46.6% YoY

Revenue

976 k €

0.0% YoY

Equity

7,4 M €

+0.5% YoY

Workforce

1,0 ETP

0.0% YoY

What does Partners in Coating do?

Partners in Coating is a Public limited company incorporated in 2011. Its main activity is: Activities of holding companies. Its registered office is in Aalst. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0836.097.636

Incorporation

09/05/2011

Legal form

Public limited company

Registered office

Industrielaan 8
9320 Aalst · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2024

Average workforce

1,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68100Buying and selling of own real estate 68110Buying and selling of own real estate

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Revenue	976 k €	0.0%	976 k €	+27.7%	764 k €	-21.7%	976 k €	0.0%	976 k €	0.0%	976 k €	-0.0%	976 k €	+0.0%	976 k €	-3.0%	1 M €	0.0%	1 M €	0.0%	1 M €	0.0%	1 M €	-37.4%	1,6 M €	+55.5%	1 M €
EBITDA	697,9 k €	+6.8%	653,2 k €	+23.3%	529,6 k €	-35.7%	823,4 k €	+0.4%	820,3 k €	-1.5%	832,9 k €	-1.9%	849,3 k €	+1.2%	839,2 k €	-3.4%	868,3 k €	-1.0%	877 k €	+0.7%	871,1 k €	+4.0%	838 k €	-41.8%	1,4 M €	+79.6%	802,2 k €
Operating result	697,9 k €	+6.8%	653,2 k €	+23.3%	529,6 k €	-35.7%	823,4 k €	+0.4%	820,3 k €	-1.5%	832,9 k €	-1.9%	849,3 k €	+1.2%	839,2 k €	-3.4%	868,3 k €	-1.0%	876,8 k €	+0.7%	871 k €	+4.0%	837,7 k €	-41.9%	1,4 M €	+79.6%	802,2 k €
Net result	39,7 k €	+46.6%	27,1 k €	+1633%	1,6 k €	-99.2%	198,9 k €	+1.2%	196,5 k €	+3.3%	190,2 k €	-18.3%	232,9 k €	+196%	78,6 k €	+46.8%	53,6 k €	+45.4%	36,8 k €	-96.4%	1 M €	+3422%	-30,8 k €	-101%	5,2 M €	+6910%	74,7 k €
Balance sheet
Equity	7,4 M €	+0.5%	7,4 M €	+0.4%	7,4 M €	+0.0%	7,3 M €	+2.8%	7,1 M €	+2.8%	7 M €	+2.8%	6,8 M €	+3.6%	6,5 M €	+1.2%	6,5 M €	+0.8%	6,4 M €	+0.6%	6,4 M €	+19.1%	5,3 M €	-0.6%	5,4 M €	+3844%	136,2 k €
Total assets	20,7 M €	-0.0%	20,7 M €	-0.2%	20,7 M €	+0.1%	20,7 M €	-0.0%	20,7 M €	-16.3%	24,7 M €	+0.6%	24,5 M €	-0.2%	24,6 M €	-0.0%	24,6 M €	-3.9%	25,6 M €	-1.1%	25,9 M €	+4.2%	24,8 M €	+0.9%	24,6 M €	+17.8%	20,9 M €
Cash	3,5 k €	-20.7%	4,4 k €	+38.0%	3,2 k €	-31.0%	4,6 k €	-61.5%	11,9 k €	+128%	5,2 k €	+51.1%	3,5 k €	-57.7%	8,2 k €	+1.9%	8 k €	-17.8%	9,8 k €	+270%	2,6 k €	-91.6%	31,5 k €	-53.4%	67,6 k €	-44.9%	122,8 k €
Debts	13,2 M €	-0.1%	13,2 M €	-0.5%	13,3 M €	+0.2%	13,3 M €	-1.0%	13,4 M €	-24.2%	17,7 M €	-0.3%	17,8 M €	-1.3%	18 M €	+0.7%	17,9 M €	-1.1%	18,1 M €	-3.7%	18,8 M €	-1.8%	19,1 M €	+2.3%	18,7 M €	-7.8%	20,3 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	+37.5%	0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-33.3%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 22 ended

Active mandates

ADOXA

Director · since 24 avril 2025 · until 01 juin 2031 · 0836.651.823

Represented by Christiaan De Meerleer

Active

BELBRIDGE

Director · since 24 avril 2025 · until 01 juin 2031 · 0828.320.018

Represented by Anna Aizina

Active

BLUE CAPITAL

Managing director · since 24 avril 2025 · until 01 juin 2031 · 0834.793.183

Represented by Wim Schalley

Active

Ended mandates

BELBRIDGE

Mandate · since 01 janvier 2020 · until 31 décembre 2025 · 0828.320.018

Represented by Anna Aizina

Ended

BELBRIDGE

Mandate · since 01 janvier 2020 · until 31 décembre 2025 · 0828.320.018

Represented by Anna Aizina

Ended

BELBRIDGE

Director · since 01 janvier 2020 · until 31 décembre 2025 · 0828.320.018

Represented by Anna Aizina

Ended

BELBRIDGE

bestuurder · since 01 janvier 2020 · until 31 décembre 2025 · 0828.320.018

Represented by Anna Aizina

Ended

At this address

Other companies at this address

Company	CBE no.
ACOTEC● Active	0448.964.401
ALBARR COATING SOLUTIONS● Active	0798.708.391
AZOLLA● Active	0477.429.446
BELBRIDGE● Active	0828.320.018

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/10/2025	16/09/2024	31/08/2023	29/07/2022	08/11/2021	08/10/2020
General meeting	06/10/2025	11/09/2024	29/08/2023	30/06/2022	28/10/2021	08/10/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	06/10/2025	06/10/2025	Dutch	PDF
Full model	31/12/2023	11/09/2024	16/09/2024	Dutch	PDF
Full model	31/12/2022	29/08/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Full model	31/12/2020	28/10/2021	08/11/2021	Dutch	PDF
Full model	31/12/2019	08/10/2020	08/10/2020	Dutch	PDF
Full model	31/12/2018	15/07/2019	29/07/2019	Dutch	PDF
Full model	31/12/2017	23/07/2018	27/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	11/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	07/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	15/07/2015	Dutch	PDF
Full model	31/12/2013	16/07/2014	18/07/2014	Dutch	PDF
Full modelCorrection	31/12/2012	27/09/2013	09/05/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	19/07/2013	Dutch	PDF
Full model	31/12/2011	27/06/2012	26/09/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 22 ended

Active mandates

ADOXA

Director · since 24 avril 2025 · until 01 juin 2031 · 0836.651.823

Represented by Christiaan De Meerleer

Active

BELBRIDGE

Director · since 24 avril 2025 · until 01 juin 2031 · 0828.320.018

Represented by Anna Aizina

Active

BLUE CAPITAL

Managing director · since 24 avril 2025 · until 01 juin 2031 · 0834.793.183

Represented by Wim Schalley

Active

Ended mandates

BELBRIDGE

Mandate · since 01 janvier 2020 · until 31 décembre 2025 · 0828.320.018

Represented by Anna Aizina

Ended

BELBRIDGE

Mandate · since 01 janvier 2020 · until 31 décembre 2025 · 0828.320.018

Represented by Anna Aizina

Ended

BELBRIDGE

Director · since 01 janvier 2020 · until 31 décembre 2025 · 0828.320.018

Represented by Anna Aizina

Ended

BELBRIDGE

bestuurder · since 01 janvier 2020 · until 31 décembre 2025 · 0828.320.018

Represented by Anna Aizina

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/05/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2011
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 202439,7 k €↑
2023
Annual accounts 202327,1 k €↑
2022
Annual accounts 20221,6 k €↓
2021
Annual accounts 2021198,9 k €↑
2020
Annual accounts 2020196,5 k €↑
2019
Annual accounts 2019190,2 k €↓
2018
Annual accounts 2018232,9 k €↑
2017
Annual accounts 201778,6 k €↑
2016
Annual accounts 201653,6 k €↑
2015
Annual accounts 201536,8 k €↓
2014
Annual accounts 20141 M €↑
2013
Annual accounts 2013-30,8 k €↓
2012
Annual accounts 20125,2 M €↑
2011
Annual accounts 201174,7 k €
09/05/2011
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Partners in Coating

Overview

What does Partners in Coating do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline