PAPAGENO
InactivePAPAGENO was declared bankrupt on 25-03-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 11-03-2025, published in the Belgian State Gazette on 24-03-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 14-07-2023, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
17 d early
2021
137 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-40k▼ 44.6%
2021 · €-28k
2018: €-44k
2019: €-2k
2020: €-13k
2021: €-28k
2018 → 2022
Working capital
€-247k▼ 19.5%
2021 · €-206k
2018: €-314k
2019: €-316k
2020: €-330k
2021: €-206k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-96k-€-98k▼ 2.2%€-111k▼ 13.3%€-139k▼ 25.1%€-180k▼ 29.0%
Operating result€-41k-€15k€-10k€-26k▼ 167%€-38k▼ 45.1%
Net result€-44k-€-2k▲ 95.3%€-13k▼ 531%€-28k▼ 113%€-40k▼ 44.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2022 against €26k in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €233k
Fixed assets
€217k ▼ 0.1%
Current assets
€16k ▼ 29.9%
Key figures and ratios
EBITDA
€-37k▼
2021 · €-24k
Cash flow
€-40k▼
2021 · €-26k
Solvency
-77.2%▼
2021 · -58.0%
Current ratio
0.06▼
2021 · 0.10
Debt to equity
-2.30▲
2021 · -2.72
ROA
-17.3%▼
2021 · -11.6%
Interest coverage
-13.56▲
2021 · -14.46
Debt
€413k▲
2021 · €380k
Debt ≤ 1 year
€263k▲
2021 · €230k
Debt > 1 year
€150k=
2021 · €150k
Staff costs
€35k▲
2021 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 48 lines
Balance sheet
Code20212022
Assets
Total assets20/58€240k€233k▼
Fixed assets21/28€217k€217k▼
Tangible fixed assets22/27€216k€216k▼
Furniture and vehicles24€520€354▼
Other tangible fixed assets26€215k€215k=
Financial fixed assets28€878€878=
Current assets29/58€23k€16k▼
Amounts receivable within one year40/41€15k€16k▲
Trade receivables40€15k€11k▼
Other amounts receivable41-€4k
Cash at bank and in hand54/58€8k€819▼
Deferred charges and accrued income490/1€702-
Equity and liabilities
Total equity and liabilities10/49€240k€233k▼
Equity10/15€-139k€-180k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€215k€215k=
Profit (loss) carried forward14€-417k€-457k▼
Amounts payable17/49€380k€413k▲
Amounts payable after more than one year17€150k€150k=
Financial debts170/4€150k€150k=
Amounts payable within one year42/48€230k€263k▲
Financial debts43€15k€22k▲
Credit institutions430/8€15k€22k▲
Trade debts44€64k€88k▲
Suppliers440/4€64k€88k▲
Advances received on contracts in progress46€14k€14k=
Taxes, remuneration and social security45€20k€22k▲
Taxes450/3€10k€16k▲
Remuneration and social security454/9€10k€7k▼
Other amounts payable47/48€116k€117k▲
Income statement
Code20212022
Remuneration, social security and pensions62€22k€35k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€165▼
Other operating charges640/8€132€1k▲
Gross operating margin9900€-3k€-1k▲
Operating profit (loss)9901€-26k€-38k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-28k€-40k▼
Income taxes67/77€314-
Profit (loss) for the period9904€-28k€-40k▼
Profit (loss) for the period to be appropriated9905€-28k€-40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-417k€-457k▼
Profit (loss) brought forward from the previous period14P€-389k€-417k▼
Social balance
Average headcount (FTE)90873.43.0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-03
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · PAPAGENO SA RUE SAINT-GHISLAIN 41, 1000 BRUXELLES. déclarée le 25 mars 2024 · event 11-03-2025
2024
29-03
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · PAPAGENO SA RUE SAINT-GHIS- LAIN 41, 1000 BRUXELLES · event 25-03-2024
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 137 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 153 days late
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 301 days late
16-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 624 days late
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 54 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
25-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 56 days late
SignalNBB filing
Directors · office · real estate
Directors
3 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANICET BAUM AVENUE ARMAND HUYSMANS 212,
1050 IXELLES |
25-03-2024 → 11-03-2025 |