LA PAPETERIE
Open bankruptcyA bankruptcy procedure is open for LA PAPETERIE according to publications in the Belgian State Gazette; curator: ROLAND PROPS. The 2024 annual accounts show equity of €105k and a net result of €-53k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year €-53k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
36 d early
2022
7 d early
2021
32 d early
2020
44 d early
2019
43 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€1.13M▼ 6.3%
2021 · €1.21M
2019: €1.11M
2020: €986k
2021: €1.21M
2019 → 2022
EBIT margin
-1.2%▼ 2.3pp
2021 · 1.2%
2019: 1.6%
2020: -0.4%
2021: 1.2%
2019 → 2022
Net result
€-53k▼ 463%
2023 · €-9k
2019: €3k
2020: €-6k
2021: €13k
2022: €-22k
2023: €-9k
2019 → 2024
Working capital
€129k▼ 2.3%
2023 · €132k
2019: €236k
2020: €236k
2021: €201k
2022: €162k
2023: €132k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€986k-€1.21M▲ 22.7%€1.13M▼ 6.3%
Equity€-25k-€-11k▲ 53.8%€167k€157k▼ 5.6%€105k▼ 33.5%
Operating result€-4k-€14k€-13k€-38▲ 99.7%€-42k▼ 110,235%
Net result€-6k-€13k€-22k€-9k▲ 57.1%€-53k▼ 463%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42k in 2024 against €38 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €577k
Fixed assets
€265k▼ 10.7%
Current assets
€312k▼ 19.5%
Equity and liabilities €577k
Equity
€105k▼ 33.5%
Debt
€473k▼ 10.3%
The debt ratio rises from 77.0% to 81.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-10k▼
2023 · €43k
Cash flow
€-21k▼
2023 · €33k
Solvency
18.1%▼
2023 · 23.0%
Current ratio
1.71▲
2023 · 1.52
Quick ratio
0.46▲
2023 · 0.27
Debt / equity
4.52▲
2023 · 3.35
ROE
-50.4%▼
2023 · -6.0%
ROA
-9.1%▼
2023 · -1.4%
Interest coverage
-0.77▼
2023 · 4.32
Debt
€473k▼
2023 · €527k
Debt ≤ 1 year
€182k▼
2023 · €255k
Debt > 1 year
€285k▲
2023 · €272k
Staff costs
€204k▼
2023 · €290k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€684k€577k▼
Fixed assets21/28€297k€265k▼
Tangible fixed assets22/27€295k€263k▼
Land and buildings22€211k€197k▼
Plant, machinery and equipment23€54k€46k▼
Furniture and vehicles24€30k€20k▼
Financial fixed assets28€2k€2k=
Current assets29/58€387k€312k▼
Stocks and contracts in progress3€318k€228k▼
Stocks30/36€318k€228k▼
Amounts receivable within one year40/41€33k€29k▼
Trade receivables40€23k€18k▼
Other amounts receivable41€10k€11k▲
Cash at bank and in hand54/58€17k€35k▲
Deferred charges and accrued income490/1€18k€20k▲
Equity and liabilities
Total equity and liabilities10/49€684k€577k▼
Equity10/15€157k€105k▼
Contributions10/11€99k€99k=
Capital10€99k€99k=
Issued capital100€99k€99k=
Revaluation surpluses12€197k€185k▼
Reserves13€4k€16k▲
Non-distributable reserves130/1€749€749=
Legal reserve130€749€749=
Distributable reserves133€3k€15k▲
Profit (loss) carried forward14€-143k€-195k▼
Amounts payable17/49€527k€473k▼
Amounts payable after more than one year17€272k€285k▲
Financial debts170/4€12k€48k▲
Other amounts payable178/9€260k€236k▼
Amounts payable within one year42/48€255k€182k▼
Current portion of amounts payable after more than one year42€16k€12k▼
Financial debts43€6k-
Credit institutions430/8€6k-
Trade debts44€187k€83k▼
Suppliers440/4€187k€83k▼
Taxes, remuneration and social security45€46k€88k▲
Taxes450/3€46k€74k▲
Remuneration and social security454/9-€13k
Accrued charges and deferred income492/3-€6k
Income statement
Code20232024
Remuneration, social security and pensions62€290k€204k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€32k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€5k▲
Other operating charges640/8€21k€10k▼
Non-recurring operating charges66A-€4k
Gross operating margin9900€356k€212k▼
Operating profit (loss)9901€-38€-42k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€10k€13k▲
Recurring financial charges65€10k€13k▲
Profit (loss) for the period before taxes9903€-9k€-53k▼
Income taxes67/77€600-
Profit (loss) for the period9904€-9k€-53k▼
Profit (loss) for the period to be appropriated9905€-9k€-53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-143k€-195k▼
Profit (loss) brought forward from the previous period14P€-133k€-143k▼
Social balance
Average headcount (FTE)90878.36.9▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
30-06
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · LA PAPETERIE SA RUE DE HUY 28, 4300 WAREMME · event 15-06-2026
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Equity above €150kEq €167k
Equity rises from €-11k to €167k.
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
07-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
17-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Waremme · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Huy 284300 WaremmeGround area
608 m²
Building footprint
731 m²
Volume, LiDAR
3,551 m³
Parcel 64074C0855/00A009, Wallonia · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MAXIMUM
since 19932.063.264.036
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074C0855/00A009 | Wallonia | 608 m² | 1 · 731 m² | 8.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ROLAND PROPS PALCE SAINT-LAMBERT 70/B01,
4000 LIEGE 1 |
15-06-2026 → present |
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Of 2,348 companies in sector 47621 we hold annual accounts for 1,246. 1,092 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-06-1993
Fiscal year end31-12
Abbreviation FR
PAPETERIE
Trade name FR
MAXIMUM
Activities, NACEBEL
46492Wholesale trade
47620Retail trade
47621Retail sale of newspapers and periodicals
51475
52470
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.