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PAPATYA

Active
Private limited companyfounded 198937 yrs activeLiersesteenweg 39, 2640 Mortsel, BelgiumKBO/BCE: BE 0437.216.513
Summary

PAPATYA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €76,554 and a net result of -€366. Equity is growing by ~7.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisWatch ReportCompare
PAPATYAActiveChecked score 64/100
Risk analysis ReportCompare

Overview

Activity
Event catering
NACE 56210Limited-service restaurants NACE 56102Limited-service restaurants, excluding mobile food services NACE 56112
#6 oldest company in Mortsel, Accommodation and food service sector1 site
Size
€78,280total assets 2024
Staff
0.8 FTE
Equity
€76,554
Loss
-€366
Turnover not published (abridged schema)
Financial health
64 Healthy Checked score 2024
Bankruptcy chance 12 m
1.4%
Structure
Accounts 42 d early0 of 5 deeds read
Why 64- Figures for FY 2024 (filed 29-07-2025)- Size: total assets €78,280- Sector Food and beverage service activities (NACE 56)+ Founded in 1989Show the evidence

Checked score

Score 2024
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 56% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 100=
equity 97.8% of total assets
Liquidity 63-10
short-term debt 2.2% · cash 10.7%
Profitability 18-65
return on assets -0.5%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (23,482 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%▼ -0.8% vs 12-2024lowest value 02-2025: 0.2%● 0.0% vs 01-2025lowest value 03-2025: 0.2%● 0.0% vs 02-2025lowest value 04-2025: 0.3%▲ +3.3% vs 03-2025 05-2025: 0.3%▲ +7.9% vs 04-2025 06-2025: 0.3%▼ -3.7% vs 05-2025 07-2025: 0.3%▲ +32.7% vs 06-2025 08-2025: 0.5%▲ +31.5% vs 07-2025 09-2025: 0.5%● 0.0% vs 08-2025 10-2025: 0.5%● 0.0% vs 09-2025 11-2025: 0.5%● 0.0% vs 10-2025 12-2025: 0.5%● 0.0% vs 11-2025 01-2026: 0.5%▼ -0.7% vs 12-2025 02-2026: 0.5%● 0.0% vs 01-2026 03-2026: 0.5%● 0.0% vs 02-2026 04-2026: 0.5%▲ +4.2% vs 03-2026 05-2026: 0.5%▲ +9.3% vs 04-2026 06-2026: 0.5%▼ -3.5% vs 05-2026 07-2026: 0.6%▲ +12.4% vs 06-2026 08-2026: 0.8%▲ +47.4% vs 07-2026 09-2026: 1.0%▲ +18.4% vs 08-2026 10-2026: 1.4%▲ +45.0% vs 09-2026highest value
  • Figures for FY 2024 (filed 29-07-2025) raises the probability
  • Size: total assets €78,280 raises the probability for this profile
  • Founded in 1989 lowers the probability for this profile
  • Sector Food and beverage service activities (NACE 56) raises the probability
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 41.36 against 40.78 in 2023; short-term debt: 2.2% and cash: 10.7% of total assets), and 2.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 94%, liquidity 67%, profitability 24%, growth against the median 40%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 29-07-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Size: total assets €78,280
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1989
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Sector Food and beverage service activities (NACE 56)
In the bankruptcy model this factor raises the probability.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
42 d early
2024
2 d early
2023
8 d early
2022
22 d late
2021
2 d early
2020
32 d early
2019
73 d late
← 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 1 day after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Positive: Oldest company in Mortsel, Accommodation and food service…in the Checked rankings #6 View
  • Active since 1989founded 20-04-1989 37 years View
  • Total assets 20246 fiscal years filed €78,280 View

By topic

Financials

Fiscal year
2024
Total assets
€78,280
Loss
-€366
Solvency
97.8%
Total assets▼ 0.4%
Net result
20182024
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 19-06-2026Annual accounts filed
  2. 29-07-2025Annual accounts filed
  3. 23-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Event cateringNACE 56210
Founded
20-04-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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