LANDBOUWBEDRIJF PAPENBRAAK
ActiveLANDBOUWBEDRIJF PAPENBRAAK has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €815k and a net result of €22k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 79% of 3940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability41▲+4
Solvency93▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days only on tighter terms
Liquidity short (current ratio 0.59 against 0.59 in 2023; short-term debt: 27.7% and cash: 10.5% of total assets), and 31.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 142 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline19-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 31-03-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
30 d early
2023
28 d early
2022
34 d early
2021
45 d late
2020
on the day
2019
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€815k▲ 2.7%
2023 · €794k
2018: €714k
2019: €728k
2020: €722k
2021: €781k
2022: €786k
2023: €794k
2018 → 2024
Total assets
€1.19M▼ 0.5%
2023 · €1.20M
2018: €1.12M
2019: €1.17M
2020: €1.15M
2021: €1.16M
2022: €1.15M
2023: €1.20M
2018 → 2024
Net result
€22k▲ 182%
2023 · €8k
2018: €-8k
2019: €15k
2020: €-6k
2021: €59k
2022: €5k
2023: €8k
2018 → 2024
Working capital
€-135k▲ 6.3%
2023 · €-144k
2018: €-250k
2019: €-226k
2020: €-232k
2021: €-170k
2022: €-162k
2023: €-144k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€722k-€781k▲ 8.1%€786k▲ 0.7%€794k▲ 1.0%€815k▲ 2.7%
Operating result€11k-€73k▲ 573%€19k▼ 73.7%€25k▲ 31.2%€46k▲ 81.3%
Net result€-6k-€59k€5k▼ 91.2%€8k▲ 48.6%€22k▲ 182%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 81% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.19M
Fixed assets
€998k▲ 0.8%
Current assets
€196k▼ 6.8%
Equity and liabilities €1.19M
Equity
€815k▲ 2.7%
Debt
€379k▼ 6.8%
The debt ratio falls from 33.9% to 31.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▲
2023 · €37k
Cash flow
€34k▲
2023 · €19k
Solvency
68.3%▲
2023 · 66.1%
Current ratio
0.59▼
2023 · 0.59
Quick ratio
0.41▼
2023 · 0.42
Debt / equity
0.46▼
2023 · 0.51
ROE
2.6%▲
2023 · 1.0%
ROA
1.8%▲
2023 · 0.6%
Interest coverage
2.35▲
2023 · 2.06
Debt
€379k▼
2023 · €406k
Debt ≤ 1 year
€331k▼
2023 · €354k
Debt > 1 year
€25k▼
2023 · €33k
Income taxes
€1
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€1.20M€1.19M▼
Fixed assets21/28€990k€998k▲
Tangible fixed assets22/27€990k€998k▲
Land and buildings22€990k€998k▲
Current assets29/58€210k€196k▼
Stocks and contracts in progress3€60k€61k▲
Stocks30/36€60k€61k▲
Amounts receivable within one year40/41€31k€7k▼
Trade receivables40€29k€7k▼
Other amounts receivable41€2k€0▼
Cash at bank and in hand54/58€118k€125k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.19M▼
Equity10/15€794k€815k▲
Contributions10/11€953k€953k=
Profit (loss) carried forward14€-159k€-137k▲
Amounts payable17/49€406k€379k▼
Amounts payable after more than one year17€33k€25k▼
Financial debts170/4€33k€25k▼
Amounts payable within one year42/48€354k€331k▼
Current portion of amounts payable after more than one year42€8k€8k=
Trade debts44€9k€7k▼
Suppliers440/4€9k€7k▼
Advances received on contracts in progress46€29k€6k▼
Taxes, remuneration and social security45-€607
Taxes450/3-€607
Other amounts payable47/48€308k€308k▲
Accrued charges and deferred income492/3€19k€23k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Other operating charges640/8€9k€7k▼
Gross operating margin9900€46k€65k▲
Operating profit (loss)9901€25k€46k▲
Financial income75/76B€302€209▼
Recurring financial income75€302€209▼
Financial charges65/66B€18k€25k▲
Recurring financial charges65€18k€25k▲
Profit (loss) for the period before taxes9903€8k€22k▲
Income taxes67/77-€1
Profit (loss) for the period9904€8k€22k▲
Profit (loss) for the period to be appropriated9905€8k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-159k€-137k▲
Profit (loss) brought forward from the previous period14P€-167k€-159k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 45 days late
2021
30-09
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
30-09
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial 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, Brugge · 1 establishment unit since 2008
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.
Dudzeelse Steenweg 1458000 BruggeGround area
5,582 m²
Building footprint
351 m²
Volume, LiDAR
1,899 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Koolkerkesteenweg 86, 8340 Damme
since 20082.225.635.207
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31023D0763/00T000 | Flanders | 4,889 m² | 1 · 251 m² | 9.8 m · 2 fl. |
| 31807I0309/00D000 | Flanders | 693 m² | 1 · 101 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDamme2.225.635.207
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Of 20,593 companies in sector 01500 we hold annual accounts for 1,149. 825 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-11-2008
Fiscal year end30-09
Activities, NACEBEL
01500Mixed farming
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.