PAPA JI
The computed 12-month bankruptcy probability of PAPA JI is 4.6% (elevated). The 2024 annual accounts show equity of €10k and a net result of €-3k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 54% of 6720 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €10k |
| Net result | €-3k |
| Better than sector | 54% |
| Active | 4 yrs |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 24.4% | 20.4% | |
| Net result | €-3k | €4k | |
| Equity | €10k | €16k | |
| Gross operating margin | €-881 | €24k | |
| Total assets | €42k | €94k |
Show 11 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | €136k |
| EBITDA | €-999 |
| Net profit | €-3k |
| Cash flow | €-2k |
| Staff costs | - |
| Income taxes | €621 |
| Dividends | - |
| Total assets | €42k |
| Equity | €10k |
| Debt | €32k |
| of which ≤ 1y | €32k |
| of which > 1y | - |
| Working capital | €-10k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.68 |
| Quick ratio | 0.32 |
| Working capital ratio | -24.4% |
| Solvency | 24.4% |
| Debt / equity | 3.11 |
| Long-term debt ratio | - |
| Interest coverage | -13.14 |
| Gross margin | -0.7% |
| Net margin | -2.0% |
| ROA | -6.5% |
| ROE | -26.7% |
| EBITDA margin | -0.7% |
| Days sales outstanding | 18d |
| Days payable outstanding | 74d |
| Inventory turnover | 12.20 |
| Days inventory (DSI) | 30d |
Full annual accounts (23 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €42k |
| Fixed assets | 21/28 | €20k |
| Tangible fixed assets | 22/27 | €19k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €22k |
| Stocks & contracts in progress | 3 | €11k |
| Amounts receivable within one year | 40/41 | €8k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €42k |
| Equity | 10/15 | €10k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €8k |
| Amounts payable | 17/49 | €32k |
| Amounts payable within one year | 42/48 | €32k |
| Trade debts payable within one year | 44 | €28k |
| Income statement | ||
| Turnover | 70 | €136k |
| Gross operating margin | 9900 | €-881 |
| Operating result | 9901 | €-2k |
| Financial charges | 65 | €76 |
| Result before taxes | 9903 | €-2k |
| Income taxes | 67/77 | €621 |
| Net result for the period | 9904 | €-3k |
| Result to be appropriated | 9905 | €-3k |
-
Current01-07-2024 → present
Former directors (2)
-
Former01-07-2024 → 12-09-2025
2 events
- 12-09-2025 Resigned· Director
- 01-07-2024 Appointed· Director
-
Former- → 30-06-2024
| NACE primary | Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 16-02-2022 |
| Status | Active |
| Postal code | 2250 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023B0321/00S000 | Flanders | 852 m² | 1 · 210 m² | 8.0 m · 2 fl. |
| 13029G0448/00K000 | Flanders | 641 m² | 1 · 95 m² | 10.0 m · 3 fl. |
| 11808H0571/00A019 | Flanders | 159 m² | 1 · 159 m² | 25.5 m · 7 fl. |
| 11002A0146/00S000 | Flanders | 135 m² | 1 · 93 m² | 20.6 m · 7 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
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.
07-01-2026 SINGH Kamaldeep resigns as director
- SINGH Kamaldeep, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "SINGH Kamaldeep",
"address": null,
"birth_date": null
},
"effective_date": "2025-09-12",
"evidence_quote": "Mijnheer SINGH Kamaldeep neemt ontslag als bestuurder vanaf 12/09/2025."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0782.243.038",
"name_full": "PAPA JI",
"legal_form": "BV"
}
}29-08-2024 2 directors appointed, 1 resigning
- Kamaldeep SINGH, Bestuurder
- Jagmit SINGH, Bestuurder
- Simranjeet Kaur XXX, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Simranjeet Kaur XXX",
"address": null,
"birth_date": null
},
"effective_date": "2024-06-30",
"evidence_quote": "Bevestiging van het ontslag als bestuurder van mevrouw XXX Simranjeet Kaur vanaf 30/06/2024."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Kamaldeep SINGH",
"address": null,
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},
"effective_date": "2024-07-01",
"evidence_quote": "De vergadering bevestigd met eenparigheid de benoeming als bestuurder van de Heer SINGH Kamaldeep vanaf 01/07/2024."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Jagmit SINGH",
"address": null,
"birth_date": null
},
"effective_date": "2024-07-01",
"evidence_quote": "De vergadering bevestigd met eenparigheid de benoeming als bestuurder van de Heer SINGH Jagmit vanaf 01/07/2024."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0782.243.038",
"name_full": "PAPA JI",
"legal_form": "BV"
}
}18-02-2022 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "Molenstraat 5, 2550 Kontich",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1984-09-05",
"name": "SINGH Kamaldeep",
"niss": null,
"address": "Nachtegaalstraat 43, 2550 Kontich"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 200.0,
"holder_person_name": "SINGH Kamaldeep",
"is_subscriber_only": true,
"n_shares_subscribed": 10,
"amount_subscribed_eur": 200.0,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1999-04-29",
"name": "X X X Simranjeet Kaur",
"niss": null,
"address": "Nachtegaalstraat 43, 2550 Kontich"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 1800.0,
"holder_person_name": "X X X Simranjeet Kaur",
"is_subscriber_only": true,
"n_shares_subscribed": 90,
"amount_subscribed_eur": 1800.0,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 2000.0,
"subject_company": {
"kbo": "0782.243.038",
"name_full": "PAPA JI",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2022-02-16",
"post_incorporation_mandates": []
}| Legal nameNL | PAPA JI |