ACTIVE

Partners in Coating

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Financial year 2025 · Closed on 31/12/2025

Net result37,7 k €-5,1 %over 1 year

Revenue976 k €0,0 %over 1 year

Equity7,5 M €+0,5 %over 1 year

Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

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: 31/12/2025
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 (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

Financials

Source · NBB, 16 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	976 k €	0.0%	976 k €	0.0%	976 k €	+27.7%	764 k €	-21.7%	976 k €
EBITDA	691,6 k €	-0.9%	697,9 k €	+6.8%	653,2 k €	+23.3%	529,6 k €	-35.7%	823,4 k €
Operating result	691,6 k €	-0.9%	697,9 k €	+6.8%	653,2 k €	+23.3%	529,6 k €	-35.7%	823,4 k €
Net result	37,7 k €	-5.1%	39,7 k €	+46.6%	27,1 k €	+1633%	1,6 k €	-99.2%	198,9 k €
Balance sheet
Equity	7,5 M €	+0.5%	7,4 M €	+0.5%	7,4 M €	+0.4%	7,4 M €	+0.0%	7,3 M €
Total assets	20,7 M €	+0.0%	20,7 M €	-0.0%	20,7 M €	-0.2%	20,7 M €	+0.1%	20,7 M €
Cash	4,7 k €	+36.7%	3,5 k €	-20.7%	4,4 k €	+38.0%	3,2 k €	-31.0%	4,6 k €
Debts	13,2 M €	-0.3%	13,2 M €	-0.1%	13,2 M €	-0.5%	13,3 M €	+0.2%	13,3 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

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ADOXA0836.651.823Represented by Christiaan De Meerleer	Director24/04/2025 → 01/06/2031
BELBRIDGE0828.320.018Represented by Anna Aizina	Director05/05/2011 → 01/06/2031Mandatelisted until the 2019 accountsendedbestuurder01/01/2020 → 2021 accountsended
BLUE CAPITAL0834.793.183Represented by Wim Schalley	Managing director01/01/2020 → 01/06/2031bestuurder01/01/2020 → 2021 accountsendedDirector05/05/2011 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Wim SCHALLEY	Director30/06/2017 → 2018 accounts
Moore Audit0453.925.059Represented by Frans Verschelden (A00896)	Mandate22/12/2011 → 2014 accounts

Other companies at this address

Industrielaan 8 9320 Aalst

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

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2026	06/10/2025	16/09/2024	31/08/2023	29/07/2022	08/11/2021
General meeting	28/09/2026	06/10/2025	11/09/2024	29/08/2023	30/06/2022	28/10/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	28/09/2026	30/09/2026	Dutch	PDF
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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ADOXA0836.651.823Represented by Christiaan De Meerleer	Director24/04/2025 → 01/06/2031
BELBRIDGE0828.320.018Represented by Anna Aizina	Director05/05/2011 → 01/06/2031Mandatelisted until the 2019 accountsendedbestuurder01/01/2020 → 2021 accountsended
BLUE CAPITAL0834.793.183Represented by Wim Schalley	Managing director01/01/2020 → 01/06/2031bestuurder01/01/2020 → 2021 accountsendedDirector05/05/2011 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Wim SCHALLEY	Director30/06/2017 → 2018 accounts
Moore Audit0453.925.059Represented by Frans Verschelden (A00896)	Mandate22/12/2011 → 2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings15 filings

Mandates

ADOXA

BELBRIDGE

BLUE CAPITAL

Wim SCHALLEY

Moore Audit

Willy SONCK

201120122013201420152016201720182019202020212022202320242025202620272028202920302031

Partners in Coating

Industrielaan 8, 9320 Erembodegem

Director

Directorbestuurder

Managing directorbestuurderDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industrielaan 8, 9320 ErembodegemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00537178

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Partners in CoatingCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00537178

Events

2025
Annual accounts 202537,7 k €↓
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

Partners in Coating

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events