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CASH PAPIER

Active
Public limited companyfounded 1985active for 40 yearsChaussée de Tirlemont(WAN) 99, 4520 Wanze, BelgiumKBO/BCE: BE 0428.248.961
Summary

CASH PAPIER has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115,959 and a net result of -€6,904. Equity is growing by about 6.6% per year across the filed financial years. Its solvency ranks better than 42% of 13,646 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
CASH PAPIERActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46492Retail sale of newspapers and periodicals NACE 47621
5th oldest company in Wanze, Wholesale and retail trade sector1 site
Size
€382,211total assets 2025
Staff
2 FTE
Equity
€115,959
Loss
-€6,904
Turnover not published (micro format)
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Board
5 members
2025 accounts 1 day early1 of 4 deeds summarised
Why 90raises riskSector: Wholesale trade (NACE 46)lowers riskFounded in 1985Size: total assets €382,211Figures for financial year 2025 (filed 30-01-2026)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 36% of its sector peers (NACE 46, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 55-2
equity 30.3% of total assets
Liquidity 48-6
short-term debt 32.0% · cash 9.2%
Profitability 35-4
return on assets -1.8%
Bankruptcy probability, 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).

Sector median 0.4% (26,881 companies, NACE 46, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.2%▲ +0.1 percentage points vs 12-2024highest value 02-2025: 0.1%▼ -0.1 percentage points 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 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 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: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.33, compared with 1.59 in 2024, below the usual 1.5; short-term debt: 32% and cash: 9.2% of total assets), and 69.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 40% on solvency, 47% on liquidity, 29% on profitability and 30% on growth.

The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Founded in 1985
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: total assets €382,211
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Wholesale trade (NACE 46)
KBO
lowers risk · Figures for financial year 2025 (filed 30-01-2026)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€6,904
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
2 days early
2023
on the day
2022
1 day early
2021
5 days early
2020
48 days early
2019
44 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end28-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Weakest financial yearnet -€6,904
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Positive: 5th oldest company in Wanze, Wholesale and retail trade sectorin the Checked rankings No. 5 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€6,904 View

By topic

Financials

Financial year
2025
Total assets
€382,211
Loss
-€6,904
Solvency
30.3%
Total assets▼ 0.4%
Net result
20192025
Go to Financials

Board & ownership

Board
5 members
  • VANWOLLEGHEM ChristelleDirector
  • VANWOLLEGHEM DominiqueDirector
  • VANWOLLEGHEM FabienneDirector
  • VANWOLLEGHEM PhilippeDirector
  • VANWOLLEGHEM SylvianeDirector
Go to Board & ownership

Timeline

Events
44
Since
1987
Next accounts
by 31-01-2027
  1. 31-01-2024Annual accounts filed
  2. 11-01-2024Reappointments: VANWOLLEGHEM Sylviane, VANWOLLEGHEM Christelle and 3…
  3. 30-01-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46492
Founded
30-12-1985
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Key facts about CASH PAPIER

What is the company number of CASH PAPIER?
0428.248.961. In Belgium the VAT number is the company number with BE in front: BE 0428.248.961.
Where is CASH PAPIER based?
The registered office is at Chaussée de Tirlemont(WAN) 99, 4520 Wanze.Company details
What does CASH PAPIER do?
According to the KBO register, the main activity is wholesale trade (NACE 46492).
What is the legal form of CASH PAPIER?
Public limited company (NV).
When was CASH PAPIER founded?
On 30-12-1985.
Is CASH PAPIER still active?
Yes, CASH PAPIER is an active enterprise in the KBO register.
How many employees does CASH PAPIER have?
On average 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CASH PAPIER?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is CASH PAPIER profitable?
In financial year 2025, CASH PAPIER made a loss of €6,904.
Where can I find the annual accounts of CASH PAPIER?
CASH PAPIER filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CASH PAPIER due?
By 31-01-2027, for financial year 2026.Timeline

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