EUROPAL

Active

Public limited companyfounded 1999active for 26 yearsAnne Francklaan 5, 7700 Mouscron, BelgiumKBO/BCE: BE 0467.257.413

Summary

EUROPAL has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.0m and a net result of €10,945, of which €764,891 non-recurring income. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 14% of 95 sector peers (NACE 17, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow Report Compare

EUROPALActiveChecked score 69/100

Risk analysis Report Compare

Activity

Manufacture of paper and paper products

NACE 17250Manufacture of paper and paper products NACE 17210

5th largest employer in Mouscron, Manufacturing sector4 sites

Size

€62.2mturnover 2025

Staff: 137.7 FTE
Equity: €13.0m
Profit: €10,945

Financial health

69 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.6%

Structure

Parent: DEJAGER INVESTMENT GROUP · 100%
Holdings: 1

DEJAGER INVESTMENT GROUPManaging director · permanent representative Dejager Patrick
EURO-INVESTManaging director · permanent representative Dejager Valentine

Auditor: GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES2025 accounts 11 days early6 of 22 deeds summarised

Why 69raises riskLiquidity: current ratio 0.55, cash €1.1mEquity €13.0m (16.7% of total assets)Sector: Manufacture of paper and paper products (NACE 17)lowers riskFounded in 1999Show the evidence

Checked score

Score 2025

69 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 30% of its sector peers (NACE 17)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 42+5

equity 16.7% of total assets

Liquidity 38+3

short-term debt 31.6% · cash 1.4%

Profitability 52-11

return on assets 0.0%

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (28 companies, NACE 17, medium-sized)

Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.7%▼ -0.1 percentage points vs 01-2025 03-2025: 0.8%▲ +0.1 percentage points vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 1.0%▲ +0.2 percentage points vs 06-2025 08-2025: 1.3%▲ +0.3 percentage points vs 07-2025 09-2025: 1.7%▲ +0.4 percentage points vs 08-2025 10-2025: 2.4%▲ +0.7 percentage points vs 09-2025 11-2025: 2.4%● unchanged vs 10-2025 12-2025: 2.6%▲ +0.2 percentage points vs 11-2025 01-2026: 3.2%▲ +0.6 percentage points vs 12-2025highest value 02-2026: 3.2%● unchanged vs 01-2026highest value 03-2026: 3.2%● unchanged vs 02-2026highest value 04-2026: 2.8%▼ -0.4 percentage points vs 03-2026 05-2026: 2.8%● unchanged vs 04-2026 06-2026: 2.8%● unchanged vs 05-2026 07-2026: 2.8%● unchanged vs 06-2026 08-2026: 0.6%▼ -2.2 percentage points vs 07-2026lowest value 09-2026: 0.6%● unchanged vs 08-2026lowest value 10-2026: 0.6%● unchanged vs 09-2026lowest value

Credit of up to €850,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.55, compared with 0.52 in 2023, below 1; short-term debt: 31.6% and cash: 1.4% of total assets), and 83.3% 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 17): better than 14% on solvency, 48% on liquidity and 29% on profitability.

The bankruptcy probability was computed on 24-10-2026 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

Liquidity: current ratio 0.55, cash €1.1m

NBB · annual accounts

Equity €13.0m (16.7% of total assets)

NBB · annual accounts

Sector: Manufacture of paper and paper products (NACE 17)

KBO

Founded in 1999

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 95 sector peers (2025).

NBB · sector comparison

Position among 95 sector peers

Solvency

better than 14%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 28-12-2025 was due by 28-07-2026 and was filed on 17-07-2026, 11 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

11 days early

2024

4 days late

2023

2 days early

2022

10 days early

2021

14 days early

2020

19 days early

2018

32 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 12 days before the deadline; the sector median (NACE 17) for financial year 2024 is 13 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 28-12-2026 and is due by 28-07-2027. Nothing is late today. The company usually files around 18 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today28-12-2026 year end28-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

22-07-2026 Resignation: ERNST ET YOUNG REVISEURS D'ENTREPRISES…Appointment: GRANT THORNTON RÉVISEURS D'ENTREPRISES…
17-07-2026 Annual accounts filedfinancial year 2025 · full…
01-08-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Caution: Among the weakest 15% on solvencysector median 48.3% · 95 companies 16.7% View
Controlled by DEJAGER INVESTMENT GROUPthe company in turn controls 1 companies 100% View
Board2 directors in office 2 View

By topic

Financials

Financial year: 2025
Turnover: €62.2m
Profit: €10,945
Solvency: 16.7%

Turnover▲ 17.0%

Net result

20182025

Go to Financials

Board & ownership

Board: 2 members
Parent: DEJAGER INVESTMENT GROUP · 100%
Auditor: GRANT THORNTON BEDRIJFSREVISOREN -…

DEJAGER INVESTMENT GROUPManaging director
EURO-INVESTManaging director

Go to Board & ownership

Network & group

Subsidiaries: 1
Mergers and asset contributions: 1

1 subsidiary

Go to Network & group

Timeline

Events: 31
Since: 2002
Next accounts: by 28-07-2027

02-12-2024Reappointments: DEJAGER INVESTMENT GROUP SA (director) and…
14-08-2024Capital & shares · Amendment of the…
26-07-2024Annual accounts filed

Go to Timeline

Company details

Sites: 4

Legal form: Public limited company
Activity: Manufacture of paper and paper productsNACE 17250
Founded: 12-11-1999
Year ends: 28-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 9

Purpose: “La transformation de papier en conditionnement de transport soit des produits de carton en…” (deed in French)

Go to Articles of association

Key facts about EUROPAL

What is the company number of EUROPAL?: 0467.257.413. In Belgium the VAT number is the company number with BE in front: BE 0467.257.413.
Where is EUROPAL based?: The registered office is at Anne Francklaan 5, 7700 Mouscron.Company details
What does EUROPAL do?: According to the KBO register, the main activity is manufacture of paper and paper products (NACE 17250).
What is the legal form of EUROPAL?: Public limited company (NV).
When was EUROPAL founded?: On 12-11-1999.
Is EUROPAL still active?: Yes, EUROPAL is an active enterprise in the KBO register.
How many employees does EUROPAL have?: On average 137.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of EUROPAL?: €62.2m in financial year 2025, according to the filed annual accounts.
Is EUROPAL profitable?: In financial year 2025, EUROPAL made a profit of €10,945.
Where can I find the annual accounts of EUROPAL?: EUROPAL filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of EUROPAL due?: By 28-07-2027, for financial year 2026.Timeline