ALIZÉ
ActiveSummary
ALIZÉ has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €311,200. Equity has been shrinking by about 13% per year since 2019. Its solvency ranks better than 79% of 58 sector peers (NACE 17, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-01-1997 Normal situation
- Activity
- Manufacture of paper and paper products NACE 17250and 7 others
- Joint committees
- 136 Paritair Comité voor de papier- en kartonbewerking
- 222 Paritair Comité voor de bedienden van de papier- en kartonbewerking · annual accounts 30-06-2022
- Establishment unit
- 2.080.570.519 4432 Ans, since 03-02-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- Pop FactoryDirector · since 01-04-2017
Shareholders
- POP FACTORY100%· score 80annual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €1.8m
- Turnover
- ≈ €3.1m
- estimated
- Profit
- €311,200
- Equity
- €1.5m
- Total assets
- €2.1m
- Employees on 31-12-2025
- 9
- 2025 accounts filed 27 days after the deadline
Score breakdownraises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 2.74, cash €595,772Equity €1.5m (73.8% of total assets)Founded in 1997Show the evidence
Checked score
Score 2025
96
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 84% of small companies in paper (NACE 17)
Financial strength · tick: 2024
Strong
Solvency
99+32
equity 73.8% of total assets
Liquidity
76+17
short-term debt 24.9% · cash 28.5%
Profitability
87-5
return on assets 14.9%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: 0.1%▲ +0.1 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.2%▲ +0.1 percentage points vs 12-2025
02-2026: 0.3%▲ +0.1 percentage points vs 01-2026
03-2026: 0.4%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%▲ +0.2 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.9%▲ +0.3 percentage points vs 05-2026
07-2026: 1.4%▲ +0.5 percentage points vs 06-2026highest value
08-2026: 1.4%● unchanged vs 07-2026highest value
09-2026: < 0.1%▼ -1.4 percentage points vs 08-2026
10-2026: 0.1%▲ +0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.74 (1.24 in 2024), above the usual 1.5. Short-term debt is 24.9% and cash 28.5% of total assets. 26.2% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 17, small). It does better than 79% of them on solvency, 89% on liquidity and 84% on profitability.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
27 days late
2024
59 days early
2023
on the day
2022
1 day early
2021
on the day
2020
74 days late
2019
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 17), the median for financial year 2024 was 13 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00447280.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 28 filings
Turnover
≈ €3.1m
Estimated: probably between €2.1m and €5.1m
EBIT margin
Not included in this filing
Net result
€311,200▼ 43.2%
2024 · €548,227
Working capital
€906,733▲ 121%
2024 · €409,431
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€335,160
▼ 58.3%
2025
20192025
Net result
€311,200
▼ 43.2%
2025
highest quarter of the sector
20192025
Equity
€1.5m
▲ 24.3%
2025
middle half of the sector
20192025
Total assets
€2.1m
▼ 28.6%
2025
middle half of the sector
20192025
Debt
€548,940
▼ 67.2%
2025
20192025
Working capital
€906,733
▲ 121%
2025
middle half of the sector
20192025
Solvency
73.8%
▲ 31.4pp
2025
highest quarter of the sector
20192025
Current ratio
2.74
▲ 1.50
2025
middle half of the sector
20192025
Return on assets (ROA)
14.9%
▼ 3.8pp
2025
highest quarter of the sector
20192025
Staff (FTE)
11.9
▼ 15.0%
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.3m-€0.5m▲ 47.7%€0.5m▲ 1.7%€0.8m▲ 60.9%€0.7m▼ 12.2%€0.8m▲ 8.7%€0.3m▼ 58.3%
Net result€0.2m-€0.3mwithin the sector's middle half▲ 59.6%€0.4mwithin the sector's middle half▲ 21.9%€0.8mwithin the sector's middle half▲ 96.8%€0.4mwithin the sector's middle half▼ 45.6%€0.5mwithin the sector's middle half▲ 22.5%€0.3mabove the sector's middle half▼ 43.2%
Equity€2.8m-€3.2mwithin the sector's middle half▲ 12.1%€3.6mwithin the sector's middle half▲ 13.3%€4.0mwithin the sector's middle half▲ 13.0%€2.0mwithin the sector's middle half▼ 51.0%€1.2mwithin the sector's middle half▼ 37.1%€1.5mwithin the sector's middle half▲ 24.3%
Total assets€4.7m-€4.4mwithin the sector's middle half▼ 8.2%€4.6mwithin the sector's middle half▲ 5.1%€4.5mbelow the sector's middle half▼ 1.5%€4.4mbelow the sector's middle half▼ 1.7%€2.9mbelow the sector's middle half▼ 33.8%€2.1mwithin the sector's middle half▼ 28.6%
Debt€1.9m-€1.2m▼ 37.7%€1.0m▼ 16.4%€0.4m▼ 55.3%€2.4m▲ 441%€1.7m▼ 31.3%€0.5m▼ 67.2%
Working capital€1.7m-€2.0mwithin the sector's middle half▲ 22.2%€2.3mwithin the sector's middle half▲ 14.4%€2.7mwithin the sector's middle half▲ 16.3%€0.6mwithin the sector's middle half▼ 78.7%€0.4mwithin the sector's middle half▼ 29.1%€0.9mwithin the sector's middle half▲ 121%
Solvency59.3%-72.4%above the sector's middle half▲ 13.1pp78.0%above the sector's middle half▲ 5.7pp89.4%above the sector's middle half▲ 11.4pp44.6%within the sector's middle half▼ 44.9pp42.4%within the sector's middle half▼ 2.2pp73.8%above the sector's middle half▲ 31.4pp
Current ratio2.34-3.44above the sector's middle half▲ 1.103.77above the sector's middle half▲ 0.337.02above the sector's middle half▲ 3.251.24within the sector's middle half▼ 5.781.24within the sector's middle half▲ 0.012.74within the sector's middle half▲ 1.50
Return on assets (ROA)4.5%-7.9%within the sector's middle half▲ 3.3pp9.1%above the sector's middle half▲ 1.3pp18.3%above the sector's middle half▲ 9.1pp10.1%above the sector's middle half▼ 8.2pp18.7%above the sector's middle half▲ 8.6pp14.9%above the sector's middle half▼ 3.8pp
Staff (FTE)15.8-14.9below the sector's middle half▼ 5.7%14.7below the sector's middle half▼ 1.3%16.6below the sector's middle half▲ 12.9%14below the sector's middle half11.9within the sector's middle half▼ 15.0%
above
within
below
The sector band is the middle half of the companies in Manufacture of paper and paper products (NACE 17). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 58% lower than in 2024 and the lowest since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€666,554 ▼ 21.5%
Current assets
€1.4m ▼ 31.5%
Equity and liabilities €2.1m
Equity
€1.5m ▲ 24.3%
Provisions
€0 ▼ 100%
Debt
€548,940 ▼ 67.2%
Debt's share of the balance-sheet total falls from 57.1% to 26.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€558,734▼
2024 · €1.0m
Cash flow
€534,775▼
2024 · €778,994
Quick ratio
2.38▲
2024 · 1.20
Debt to equity
0.36▼
2024 · 1.35
ROE
20.1%▼
2024 · 44.1%
Interest coverage
78.21▲
2024 · 7.29
Debt ≤ 1 year
€520,590▼
2024 · €1.7m
Income taxes
€123,779▼
2024 · €224,792
Staff costs
€1.2m▲
2024 · €741,231
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 18 | 15 | 9 |
| full-time | 18 | 14 | 8 |
| part-time | - | 1 | 1 |
| in full-time equivalents | 18.2 | 14.2 | 8.2 |
| Average over the year, in full-time equivalents | 16.8 | 14 | 11.9 |
| On a permanent contract | 18 | 15 | 9 |
| Joined | 17 | - | 2 |
| Left | 15 | - | 8 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €320,150 | €581,579 | €138,635 | €179,115 |
| Intangible fixed assets | - | - | €6,000 | €131,250 |
| Depreciation and write-downs of the year | €212,879 | €236,867 | €230,767 | €223,574 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.1m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.9m | €0.8m | €0.7m | €1.2m | ▲ 58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.7m | €0.5m | €0.4m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.005m | €0.05m | - | - | - |
| Other operating charges640/8 | - | - | - | €0.01m | €0.04m | €0.02m | €0.06m | ▲ 166% |
| Gross operating margin9900 | €1.8m | €1.7m | €1.6m | €2.0m | €1.9m | €1.8m | €1.8m | ▼ 0.4% |
| Operating profit (loss)9901 | €0.3m | €0.5m | €0.5m | €0.8m | €0.7m | €0.8m | €0.3m | ▼ 58.3% |
| Financial income75/76B | - | - | - | €0.2m | €0.03m | €0.1m | €0.09m | ▼ 35.3% |
| Recurring financial income75 | €0.02m | €0.02m | €0.04m | €0.2m | €0.02m | €0.1m | €0.07m | ▼ 50.3% |
| Non-recurring financial income76B | - | - | - | - | €0.005m | - | €0.02m | - |
| Financial charges65/66B | - | - | - | €0.003m | €0.1m | €0.2m | €0.007m | ▼ 96.0% |
| Recurring financial charges65 | €0.01m | €0.02m | €0.005m | €0.003m | €0.1m | €0.1m | €0.007m | ▼ 95.0% |
| Non-recurring financial charges66B | - | - | - | - | - | €0.04m | - | - |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.5m | €0.6m | €1.0m | €0.7m | €0.8m | €0.4m | ▼ 45.4% |
| Transfer from deferred taxes780 | - | - | - | - | €0.005m | €0.005m | €0.02m | ▲ 200% |
| Transfer to deferred taxes680 | - | - | - | €0.03m | - | - | - | - |
| Income taxes67/77 | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 44.9% |
| Profit (loss) for the period9904 | €0.2m | €0.3m | €0.4m | €0.8m | €0.4m | €0.5m | €0.3m | ▼ 43.2% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €0.02m | - | €0.4m | - |
| Transfer to tax-exempt reserves689 | - | - | - | €0.1m | €0.2m | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.1m | €0.2m | €0.7m | €0.3m | €0.5m | €0.7m | ▲ 28.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.7m | €4.4m | €4.6m | €4.5m | €4.4m | €2.9m | €2.1m | ▼ 28.6% |
| Formation expenses20 | - | - | - | - | €0 | - | - | - |
| Fixed assets21/28 | €1.8m | €1.5m | €1.4m | €1.3m | €1.4m | €0.8m | €0.7m | ▼ 21.5% |
| Intangible fixed assets21 | €0.03m | €0.04m | €0.03m | €0.03m | €0.01m | €0.01m | €0.1m | ▲ 13× |
| Tangible fixed assets22/27 | €1.1m | €0.7m | €0.7m | €0.6m | €1.0m | €0.8m | €0.5m | ▼ 36.3% |
| Land and buildings22 | - | - | - | €0.3m | €0.003m | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.4m | €0.3m | €0.2m | ▼ 31.6% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.2m | €0.2m | €0.06m | ▼ 68.1% |
| Other tangible fixed assets26 | - | - | - | - | €0.3m | €0.3m | €0.3m | ▼ 23.6% |
| Financial fixed assets28 | €0.7m | €0.7m | €0.7m | €0.7m | €0.4m | - | - | - |
| Current assets29/58 | €2.9m | €2.9m | €3.2m | €3.2m | €3.0m | €2.1m | €1.4m | ▼ 31.5% |
| Amounts receivable after more than one year29 | - | - | - | €0.2m | €0.1m | €0.1m | - | - |
| Other amounts receivable291 | - | - | - | €0.2m | €0.1m | €0.1m | - | - |
| Stocks and contracts in progress3 | €0.02m | €0.02m | €0.02m | €0.03m | €0.05m | €0.07m | €0.2m | ▲ 164% |
| Stocks30/36 | - | - | - | €0.03m | €0.05m | €0.07m | €0.2m | ▲ 164% |
| Amounts receivable within one year40/41 | €1.6m | €1.6m | €1.5m | €1.4m | €0.7m | €0.9m | €0.5m | ▼ 38.0% |
| Trade receivables40 | - | - | - | €1.2m | €0.5m | €0.7m | €0.5m | ▼ 28.4% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.2m | €0.1m | €0.01m | ▼ 90.6% |
| Cash at bank and in hand54/58 | €1.2m | €1.3m | €1.7m | €1.5m | €2.1m | €0.9m | €0.6m | ▼ 34.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.06m | €0.09m | €0.1m | ▲ 16.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.7m | €4.4m | €4.6m | €4.5m | €4.4m | €2.9m | €2.1m | ▼ 28.6% |
| Equity10/15 | €2.8m | €3.2m | €3.6m | €4.0m | €2.0m | €1.2m | €1.5m | ▲ 24.3% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Contributions outside capital11 | - | - | - | €0.02m | - | - | - | - |
| Other1109/19 | - | - | - | €0.02m | - | - | - | - |
| Reserves13 | €0.5m | €0.7m | €0.9m | €1.0m | €1.2m | €1.2m | €1.5m | ▲ 26.1% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.8m | €0.8m | €0.6m | €0.2m | ▼ 63.0% |
| Distributable reserves133 | - | - | - | €0.2m | €0.4m | €0.6m | €1.3m | ▲ 122% |
| Profit (loss) carried forward14 | €2.1m | €2.3m | €2.5m | €3.0m | €0.8m | €0.001m | - | - |
| Investment grants15 | - | - | - | €0.006m | €0.004m | €0.03m | €0.02m | ▼ 36.6% |
| Provisions and deferred taxes16 | - | - | - | €0.03m | €0.02m | €0.02m | - | - |
| Deferred taxes168 | - | - | - | €0.03m | €0.02m | €0.02m | - | - |
| Amounts payable17/49 | €1.9m | €1.2m | €1.0m | €0.4m | €2.4m | €1.7m | €0.5m | ▼ 67.2% |
| Amounts payable after more than one year17 | €0.7m | €0.4m | €0.2m | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.2m | €0.8m | €0.8m | €0.4m | €2.4m | €1.7m | €0.5m | ▼ 68.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | - | - | - | - |
| Financial debts43 | - | - | - | €0.002m | €0.001m | €0.003m | €0.001m | ▼ 51.7% |
| Credit institutions430/8 | - | - | - | €0.002m | €0.001m | €0.003m | €0.001m | ▼ 51.7% |
| Trade debts44 | €0.4m | €0.3m | €0.4m | €0.3m | €0.1m | €0.05m | €0.4m | ▲ 707% |
| Suppliers440/4 | - | - | - | €0.2m | €0.1m | €0.05m | €0.4m | ▲ 703% |
| Bills of exchange payable441 | - | - | - | €0.02m | - | - | €0.002m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 27.1% |
| Taxes450/3 | - | - | - | €0.02m | €0.008m | €0.02m | €0.01m | ▼ 35.9% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.09m | €0.07m | ▼ 25.1% |
| Other amounts payable47/48 | - | - | - | €489 | €2.2m | €1.5m | €0.001m | ▼ 99.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.03m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.3m | €0.4m | €0.8m | €0.4m | €0.5m | €0.3m | ▼ 43.2% |
| + Depreciation and write-downs630 | €0.7m | €0.5m | €0.4m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 3.1% |
| Operating cash flow (approximation) | €0.9m | €0.8m | €0.8m | €1.0m | €0.7m | €0.8m | €0.5m | ▼ 31.4% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.3m | -€0.2m | -€0.3m | €0.3m | -€0.04m | - |
| Change in cash | - | €0.03m | €0.4m | -€0.1m | €0.5m | -€1.1m | -€0.3m | ▲ 72.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as ALIZÉ has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of ALIZÉ itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for ALIZÉ. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00447280 | |
| 30-06-2024 | full format | 03-12-2024 | 2024-00612616 | |
| 30-06-2023 | full format | 31-01-2024 | 2024-00020913 | |
| 30-06-2022 | full format | 30-01-2023 | 2023-00015931 | |
| 30-06-2021 | full format | 31-01-2022 | 2022-04400100 | |
| 30-06-2020 | full format | 15-04-2021 | 2021-10400423 | |
| 30-06-2019 | full format | 24-12-2019 | 2019-77500014 | |
| 30-06-2018 | full format | 15-01-2019 | 2019-01500322 | |
| 30-06-2017 | full format | 20-12-2017 | 2017-72900415 | |
| 30-06-2016 | full format | 27-01-2017 | 2017-02300483 |
Board & ownership
Directors
Directors
1 director, last change in 2024
Pop Factory
Current
Owners and capital
Shareholders
1 ownerChain of control
- POP SOLUTIONS
- POP FACTORY
- ALIZÉ
Owners 1
- POP FACTORYparentEquity €5.6m Profit of €453,465 in 2025 (profit of €403,339 in 2024) Checked score 80100%
Capital transactions
Capital over time
- 17-11-2023 Converted to unavailable equity
Mandate history
4 people, 1 in office
- Board
- end not dated
| Name | Functions and periods |
|---|---|
| Pop Factory |
|
| HAMBYE Jean-Sébastien |
|
| PROFIL CORPORATE |
|
| PVDC CONSULTING |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Organe d’administration, 11”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “10, mêmes formalités”
Articles of association, deed of 17-11-2023 (in French)
Network & group
Companies at the same address
1 other companyConnections & network
5 connected companiesThis company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
2026
08-09
Gazette deed
Registered office moved from Ans to Alleur2 points ▸
Gazette deed
Registered office moved from Ans to Alleur
2 points ▸
- General meeting, 16-07-2026
- Registered-office move, 4432 Alleur, rue du Parc 46
27-08
abbreviated format · 27 days late
2025
31-12
Financial
Liquidity more than doubledcurrent ratio 2.74
The current ratio rises from 1.24 to 2.74. Short-term debt falls from €1.7m to €520,590.
11-03
Gazette deed
Amendment of the articles · MiscellaneousIncorporation · Power of attorney4 points ▸
Gazette deed
Amendment of the articles · Miscellaneous
Incorporation · Power of attorney4 points ▸
- General meeting, 28-02-2025
- Incorporation, 14-01-1997
- Power of attorney, Benoit DE SMET
- Power of attorney
2024
31-12
Gazette deed
Resignation: Jean-Sébastien HAMBYE (statutory director)Appointments: PVDC CONSULTING (director) and PROFIL CORPORATE (director) · Permanent representatives: Pascal VANDECAVEYE and John MORENT · Director discharge7 points ▸
Gazette deed
Resignation: Jean-Sébastien HAMBYE (statutory director)
Appointments: PVDC CONSULTING (director) and PROFIL CORPORATE (director) · Permanent representatives: Pascal VANDECAVEYE and John MORENT · Director discharge7 points ▸
- General meeting, 26-11-2024
- Director resignation, Jean-Sébastien HAMBYE (statutory director)
- Director appointment, PVDC CONSULTING (director)
- Director appointment, PROFIL CORPORATE (director)
- Permanent representative, Pascal VANDECAVEYE
- Permanent representative, John MORENT
- Director discharge, Jean-Sébastien HAMBYE
03-12
full format · 59 days before the deadline
31-01
full format · on the deadline day
2023
17-11
Gazette deed
Appointment: HAMBYE Jean-Sébastien (statutory director)Power of attorney · Legal-form conversion · Registered office clause8 points ▸
Gazette deed
Appointment: HAMBYE Jean-Sébastien (statutory director)
Power of attorney · Legal-form conversion · Registered office clause8 points ▸
- Director appointment, HAMBYE Jean-Sébastien (statutory director)
- Power of attorney, Adrien URBIN-CHOFFRAY
- General meeting, 09-11-2023
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Registered office clause, “suppression mention adresse du siège dans statuts, assemblée générale” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Kind of shares, 750, “égal” (deed in French)
30-01
full format · 1 day before the deadline
2022
30-06
Financial
Highest result from 2019 to 2025net €822,902 ▲96.8%
The operating result of €842,489 and the net result of €822,902 are both a record.
31-01
full format · on the deadline day
2021
15-04
full format · 74 days late
Show earlier events
2019
2017
1997
29-01
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
ALIZÉ in French
Enterprise number
0459.843.346
LEI code
875500VNRFU0X62BJ010
no longer live in the LEI register
Legal form
Private limited company
Status
Active, normale toestand
Founded
15-01-1997
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 17-11-2023 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Wallonne, pas de changement régime linguistique applicable”
deed of 17-11-2023 (in French)Registered office and establishments
Registered office
Rue du Parc 46, 4432 Ans, Belgium
1 former office
- 4432 Ans until the act of 08-09-2026
Establishment unit
ALIZE, Rue Al'Trappe 114, 4432 Ans since 03-02-1997 · unit number 2.080.570.519
Activities
NACEBEL 2025VAT activities
17250
Manufacture of paper and paper products main activity
17210
Manufacture of paper and paper products
18120
Other printing
18130
Pre-press and pre-media services
46900
Non-specialised wholesale trade
74112
Other professional, scientific and technical activities
74120
Graphic design and visual communication
Social security (RSZ) activities
46869
Wholesale trade main activity
Codes under NACEBEL 2008
VAT activities
17290
Manufacture of paper and paper products main activity
17210
Manufacture of paper and paper products
18120
Printing and reproduction of recorded media
18130
Pre-press and pre-media services
46900
Non-specialised wholesale trade
74102
Other professional, scientific and technical activities
74103
Other professional, scientific and technical activities
Social security (RSZ) activities
46769
Wholesale trade main activity
Codes under NACEBEL 2003
VAT activities
22250
main activity
51900
Social security (RSZ) activities
51562
main activity
Joint committees
136 Paritair Comité voor de papier- en kartonbewerking
222 Paritair Comité voor de bedienden van de papier- en kartonbewerking annual accounts 30-06-2022
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 17-11-2023 (in French)
“Toutes activités de promotion de vente,de réalisation et de conception de produits industriels ou artisanaux dans le domaine des arts…”
4 activities
- Toutes activités de promotion de vente,de réalisation et de conception de produits industriels ou artisanaux dans le domaine des arts graphiques,du design et des différentes techniques d’impression notamment,cette énumération n’étant pas limitative
- Toutes opérations commerciales,industrielles,financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet
- S’intéresser par toutes voies dans toutes sociétés,associations ou entreprises ayant un objet similaire ou connexe au sien ou susceptible de favoriser le développement de ses activités
- Exercer les fonctions d’administrateur ou de liquidateur dans d’autres sociétés
Invoicing and payment
VAT number
BE 0459.843.346
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of May at 17:00
deed of 11-03-2025 (in French)Sites & property
Location
Buildings and parcels at the addresses
Ground area
9,699 m²
Building footprint
2,359 m²
Building volume
2,209 m³
Tallest building: 5.7 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62001B0294/00A006 | Wallonia | 7,770 m² | 1 · 1,755 m² | - |
| 62001B0294/00C004 | Wallonia | 1,928 m² | 1 · 604 m² | 5.7 m · 1 |