Equity
DON PAPA has made a profit without a break since 2023.
DON PAPA has made a profit without a break since 2023.
The micro format states no turnover.
Of this, €360,725 falls due within a year.
Green is investment, beige is depreciation.
The 2020 accounts came latest: 180 days after the end of the period.
Higher net result than 80% of companies in other professional activities. Sector median €9,324 · 4,356 companies.
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 74, micro). It does better than 22% of them on solvency, 11% on liquidity, 52% on profitability and 95% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Liquidity is insufficient, with a current ratio of 0.22 (0.11 in 2024), below 1. Short-term debt is 73.3% and cash 6.6% of total assets. 87.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 47 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DON PAPA Sint-Genesius-Rode | €491,991 | €68,384 | 12.1% | - |
| GRIZZLY BEAR Forest | €518,356 | €78,892 | 14.0% | - |
| RLDZ Ghent | €502,216 | €78,209 | 96.8% | - |
| CA VA ALORS Woluwe-Saint-Lambert | €612,425 | €82,451 | 19.2% | - |
| Co.Me Antwerp | €488,096 | €54,735 | 59.3% | - |
| SAMA.BE Incourt | €687,062 | €62,147 | 95.1% | - |
| Digital Twins Aalter | €697,470 | €81,845 | 17.7% | - |
These companies have the same main activity as DON PAPA: graphic design and visual communication (NACE 74120). They are comparable in size and age: total assets between €488,000 and €697,000, founded between 2018 and 2021.
DON PAPA files the micro format. That format states no turnover. The gross margin rose from €3,346 in 2020 to €68,384 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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