DE PAPE
ActiveSummary
DE PAPE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €122,974. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-2
Solvency47▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 2.17 against 1.96 in 2024; short-term debt: 9% and cash: 2.2% of total assets), but 78.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.8%
Return on assets
1.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
27 d late
2023
29 d late
2022
30 d late
2021
17 d early
2020
31 d late
2019
45 d late
← 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 18 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 August (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 fastest grower in Kalmthout#5 company by total assets in Kalmthout, Wholesale and retail trade sector
Equity
€1.7m▲ 8.0%
2024 · €1.5m
Total assets
€7.6m▼ 8.6%
2024 · €8.3m
Net result
€122,974▼ 34.4%
2024 · €187,540
Working capital
€800,440▼ 12.9%
2024 · €919,304
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€850,840▲ 13.7%€606,836▼ 28.7%-€351,386€471,235€374,951▼ 20.4%
Net result€571,671above the sector's middle half▲ 3.7%€419,077above the sector's middle half▼ 26.7%-€496,817below the sector's middle half€187,540above the sector's middle half€122,974above the sector's middle half▼ 34.4%
Equity€1.4mabove the sector's middle half▲ 67.3%€1.8mabove the sector's middle half▲ 29.5%€1.3mabove the sector's middle half▼ 27.0%€1.5mabove the sector's middle half▲ 14.0%€1.7mabove the sector's middle half▲ 8.0%
Total assets€2.2mabove the sector's middle half▲ 22.3%€2.6mabove the sector's middle half▲ 18.6%€8.6mabove the sector's middle half▲ 232%€8.3mabove the sector's middle half▼ 3.1%€7.6mabove the sector's middle half▼ 8.6%
Debt€751,883▼ 19.0%€737,724▼ 1.9%€7.2m▲ 877%€6.8m▼ 6.3%€5.9m▼ 12.3%
Working capital€1.5mabove the sector's middle half▲ 57.2%€1.7mabove the sector's middle half▲ 14.5%€819,987above the sector's middle half▼ 52.0%€919,304above the sector's middle half▲ 12.1%€800,440above the sector's middle half▼ 12.9%
Solvency65.4%above the sector's middle half▲ 17.6pp71.4%above the sector's middle half▲ 6.0pp15.7%below the sector's middle half▼ 55.7pp18.5%within the sector's middle half▲ 2.8pp21.8%within the sector's middle half▲ 3.4pp
Current ratio4.54above the sector's middle half▲ 1.835.28above the sector's middle half▲ 0.741.80within the sector's middle half▼ 3.471.96within the sector's middle half▲ 0.152.17within the sector's middle half▲ 0.21
Return on assets (ROA)26.3%above the sector's middle half▼ 4.7pp16.3%above the sector's middle half▼ 10.1pp-5.8%below the sector's middle half▼ 22.1pp2.3%within the sector's middle half▲ 8.1pp1.6%within the sector's middle half▼ 0.6pp
Staff (FTE)12above the sector's middle half▲ 20.0%11.1above the sector's middle half▼ 7.5%11.3above the sector's middle half▲ 1.8%11above the sector's middle half▼ 2.7%13.7above the sector's middle half▲ 24.5%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.6m
Fixed assets
€6.1m ▼ 4.9%
Current assets
€1.5m ▼ 21.0%
Equity and liabilities €7.6m
Equity
€1.7m ▲ 8.0%
Debt
€5.9m ▼ 12.3%
Debt's share of the balance-sheet total falls from 81.5% to 78.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€715,372▼
2024 · €813,752
Cash flow
€463,395▼
2024 · €530,057
Quick ratio
0.35▼
2024 · 0.51
Debt to equity
3.58▼
2024 · 4.42
ROE
7.4%▼
2024 · 12.3%
Interest coverage
2.95▼
2024 · 3.04
Debt ≤ 1 year
€684,572▼
2024 · €959,849
Debt > 1 year
€5.2m▼
2024 · €5.8m
Income taxes
€12,820▼
2024 · €19,024
Staff costs
€666,746▲
2024 · €585,672
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,105 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10,567 | €6,444 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €545,888 | €514,714 | €543,095 | €585,672 | €666,746 | ▲ 13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,031 | €57,127 | €1.0m | €342,517 | €340,421 | ▼ 0.6% |
| Other operating charges640/8 | €15,228 | €16,723 | €48,057 | €19,388 | €20,262 | ▲ 4.5% |
| Non-recurring operating charges66A | - | €1,318 | €0 | - | - | - |
| Gross operating margin9900 | €1.5m | €1.2m | €1.2m | €1.4m | €1.4m | ▼ 1.2% |
| Operating profit (loss)9901 | €850,840 | €606,836 | -€351,386 | €471,235 | €374,951 | ▼ 20.4% |
| Financial income75/76B | €900 | €6,531 | €3,129 | €3,423 | €3,495 | ▲ 2.1% |
| Recurring financial income75 | €900 | €6,531 | €3,129 | €3,423 | €3,495 | ▲ 2.1% |
| Financial charges65/66B | €13,931 | €14,281 | €148,396 | €268,093 | €242,652 | ▼ 9.5% |
| Recurring financial charges65 | €13,931 | €14,281 | €148,396 | €268,093 | €242,652 | ▼ 9.5% |
| Profit (loss) for the period before taxes9903 | €837,809 | €599,086 | -€496,652 | €206,565 | €135,794 | ▼ 34.3% |
| Income taxes67/77 | €266,137 | €180,009 | €164 | €19,024 | €12,820 | ▼ 32.6% |
| Profit (loss) for the period9904 | €571,671 | €419,077 | -€496,817 | €187,540 | €122,974 | ▼ 34.4% |
| Profit (loss) for the period to be appropriated9905 | €571,671 | €419,077 | -€496,817 | €187,540 | €122,974 | ▼ 34.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.6m | €8.6m | €8.3m | €7.6m | ▼ 8.6% |
| Fixed assets21/28 | €259,749 | €470,919 | €6.7m | €6.4m | €6.1m | ▼ 4.9% |
| Intangible fixed assets21 | €1,779 | €1,315 | €851 | €387 | €1,106 | ▲ 186% |
| Tangible fixed assets22/27 | €257,970 | €469,524 | €6.7m | €6.4m | €6.1m | ▼ 4.9% |
| Land and buildings22 | - | - | €6.5m | €6.2m | €6.0m | ▼ 4.3% |
| Plant, machinery and equipment23 | €61,171 | €189,777 | €192,005 | €160,376 | €127,665 | ▼ 20.4% |
| Furniture and vehicles24 | €36,030 | €68,290 | €46,545 | €32,998 | €14,315 | ▼ 56.6% |
| Other tangible fixed assets26 | €160,769 | €211,458 | €0 | - | - | - |
| Financial fixed assets28 | - | €80 | €80 | €80 | €80 | = |
| Current assets29/58 | €1.9m | €2.1m | €1.8m | €1.9m | €1.5m | ▼ 21.0% |
| Amounts receivable after more than one year29 | - | €180,000 | €0 | - | - | - |
| Other amounts receivable291 | - | €180,000 | €0 | - | - | - |
| Stocks and contracts in progress3 | €1.3m | €1.4m | €1.4m | €1.4m | €1.2m | ▼ 10.4% |
| Stocks30/36 | €1.3m | €1.4m | €1.4m | €1.4m | €1.2m | ▼ 10.4% |
| Amounts receivable within one year40/41 | €156,237 | €245,911 | €33,024 | €17,258 | €51,863 | ▲ 201% |
| Trade receivables40 | €21,309 | €50,657 | €11,421 | €17,258 | €15,415 | ▼ 10.7% |
| Other amounts receivable41 | €134,929 | €195,254 | €21,603 | €0 | €36,448 | - |
| Cash at bank and in hand54/58 | €441,271 | €235,262 | €374,538 | €443,509 | €170,452 | ▼ 61.6% |
| Deferred charges and accrued income490/1 | €18,782 | €16,772 | €25,863 | €28,457 | €17,988 | ▼ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.6m | €8.6m | €8.3m | €7.6m | ▼ 8.6% |
| Equity10/15 | €1.4m | €1.8m | €1.3m | €1.5m | €1.7m | ▲ 8.0% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €1.4m | €1.8m | €1.3m | €1.5m | €1.6m | ▲ 8.3% |
| Non-distributable reserves130/1 | €5,000 | €5,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €5,000 | €5,000 | €0 | - | - | - |
| Distributable reserves133 | €1.4m | €1.8m | €1.3m | €1.5m | €1.6m | ▲ 8.3% |
| Amounts payable17/49 | €751,883 | €737,724 | €7.2m | €6.8m | €5.9m | ▼ 12.3% |
| Amounts payable after more than one year17 | €329,335 | €338,668 | €6.2m | €5.8m | €5.2m | ▼ 9.6% |
| Financial debts170/4 | €329,335 | €338,668 | €6.2m | €5.8m | €5.2m | ▼ 9.6% |
| Amounts payable within one year42/48 | €421,507 | €398,947 | €1.0m | €959,849 | €684,572 | ▼ 28.7% |
| Current portion of amounts payable after more than one year42 | €42,788 | €61,767 | €389,154 | €393,477 | €359,344 | ▼ 8.7% |
| Financial debts43 | €0 | €33,439 | €200,000 | €200,000 | €0 | ▼ 100% |
| Credit institutions430/8 | €0 | €33,439 | €200,000 | €200,000 | €0 | ▼ 100% |
| Trade debts44 | €148,109 | €173,043 | €218,566 | €173,551 | €92,504 | ▼ 46.7% |
| Suppliers440/4 | €148,109 | €173,043 | €218,566 | €173,551 | €92,504 | ▼ 46.7% |
| Taxes, remuneration and social security45 | €172,152 | €85,865 | €109,743 | €154,911 | €144,157 | ▼ 6.9% |
| Taxes450/3 | €79,039 | €11,006 | €30,943 | €65,101 | €42,784 | ▼ 34.3% |
| Remuneration and social security454/9 | €93,113 | €74,859 | €78,800 | €89,811 | €101,373 | ▲ 12.9% |
| Other amounts payable47/48 | €58,458 | €44,833 | €101,237 | €37,909 | €88,567 | ▲ 134% |
| Accrued charges and deferred income492/3 | €1,041 | €108 | €212 | €898 | €21 | ▼ 97.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €571,671 | €419,077 | -€496,817 | €187,540 | €122,974 | ▼ 34.4% |
| + Depreciation and write-downs630 | €45,031 | €57,127 | €1.0m | €342,517 | €340,421 | ▼ 0.6% |
| Operating cash flow (approximation) | €616,702 | €476,203 | €504,145 | €530,057 | €463,395 | ▼ 12.6% |
| Investment in fixed assets (approximation) | - | -€268,296 | -€7.2m | -€37,950 | -€24,330 | ▲ 35.9% |
| Change in cash | - | -€206,009 | €139,276 | €68,971 | -€273,058 | ▼ 496% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Back to profitnet €187,540
Net result €187,540 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€496,817
Net result drops to -€496,817, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €571,671 ▲3.7%
Operating result €850,840, net result €571,671, both a record.
31-12
Financial
Equity above €1mEq €1.4m ▲67.3%
4 profitable years in a row build equity to €1.4m.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €500,000Eq €848,860 ▲185%
3 profitable years in a row build equity to €848,860.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 45 days late
Show earlier events
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kalmthout · 1 establishment unit since 2015
Ground area
7,386 m²
Building footprint
3,116 m²
Volume, LiDAR
7,206 m³
Parcel 11022G0947/00A000, Flanders · tallest building 12.0 m. Linked by address, not a title deed.
1 establishment unit
DE PAPE
since 20152.244.856.746
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11022G0947/00A000 | Flanders | 7,386 m² | 1 · 3,116 m² | 12.0 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts LAUREX 202410%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 46,807 EUR awarded · 46,807 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 20,112 EUR | 20,112 EUR |
| 2024 | 1 | 8,792 EUR | 8,792 EUR |
| 2023 | 2 | 6,780 EUR | 6,780 EUR |
| 2022 | 2 | 11,123 EUR | 11,123 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteKalmthout2.244.856.746
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,288. 841 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
46839Wholesale trade
46841Wholesale trade
47559Retail sale of other household articles
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Contact
Phone
036696132
E-invoicing
Reachable via Peppol
Peppol ID
0208:0635664259
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.