Papaya
ActivePapaya has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €-27k. Equity is growing by ~44.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 18120 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-92
Solvency60▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.28 against 1.29 in 2024; short-term debt: 51.1% and cash: 10.8% of total assets), and 65.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.8%
Return on assets
-8.7%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
29 d early
2023
6 d early
2022
on the day
2021
3 d early
2020
25 d late
2019
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€108k▼ 20.1%
2024 · €135k
2019: €21k
2020: €6k
2021: €65k
2022: €136k
2023: €135k
2024: €135k
2019 → 2025
Total assets
€310k▼ 24.4%
2024 · €410k
2019: €47k
2020: €47k
2021: €105k
2022: €258k
2023: €340k
2024: €410k
2019 → 2025
Net result
€-27k
2024 · €180k
2019: €519
2020: €-15k
2021: €59k
2022: €71k
2023: €87k
2024: €180k
2019 → 2025
Working capital
€45k▼ 33.3%
2024 · €67k
2019: €17k
2020: €-9k
2021: €52k
2022: €83k
2023: €78k
2024: €67k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€136k▲ 111%€135k▼ 0.6%€135k=€108k▼ 20.1%
Operating result€77k-€102k▲ 32.9%€116k▲ 13.2%€237k▲ 105%€-21k
Net result€59k-€71k▲ 21.2%€87k▲ 22.4%€180k▲ 106%€-27k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21k after €237k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €310k
Fixed assets
€107k▼ 5.9%
Current assets
€203k▼ 31.4%
Equity and liabilities €310k
Equity
€108k▼ 20.1%
Debt
€202k▼ 26.5%
The debt ratio falls from 67.1% to 65.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2024 · €247k
Cash flow
€-14k▼
2024 · €190k
Solvency
34.8%▲
2024 · 32.9%
Current ratio
1.28▼
2024 · 1.29
Quick ratio
1.20▼
2024 · 1.23
Debt / equity
1.87▼
2024 · 2.04
ROE
-25.1%▼
2024 · 133.2%
ROA
-8.7%▼
2024 · 43.8%
Interest coverage
-1.28▼
2024 · 236.17
Debt
€202k▼
2024 · €275k
Debt ≤ 1 year
€158k▼
2024 · €229k
Debt > 1 year
€38k▼
2024 · €45k
Income taxes
€141▼
2024 · €56k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€410k€310k▼
Fixed assets21/28€114k€107k▼
Intangible fixed assets21€946€636▼
Tangible fixed assets22/27€113k€106k▼
Land and buildings22€90k€84k▼
Furniture and vehicles24€22k€22k▼
Current assets29/58€296k€203k▼
Stocks and contracts in progress3€15k€13k▼
Stocks30/36€15k€13k▼
Amounts receivable within one year40/41€158k€4k▼
Trade receivables40€158k€3k▼
Other amounts receivable41€114€696▲
Current investments50/53-€150k
Cash at bank and in hand54/58€121k€34k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€410k€310k▼
Equity10/15€135k€108k▼
Contributions10/11€20k€20k=
Reserves13€115k€115k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€115k€115k=
Profit (loss) carried forward14€0€-27k▼
Amounts payable17/49€275k€202k▼
Amounts payable after more than one year17€45k€38k▼
Financial debts170/4€45k€38k▼
Amounts payable within one year42/48€229k€158k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€7k€6k▼
Suppliers440/4€7k€6k▼
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€36k€252▼
Taxes450/3€36k€252▼
Other amounts payable47/48€180k€142k▼
Accrued charges and deferred income492/3€783€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€13k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€249k€-6k▼
Operating profit (loss)9901€237k€-21k▼
Financial income75/76B€40€145▲
Recurring financial income75€40€145▲
Financial charges65/66B€1k€6k▲
Recurring financial charges65€1k€6k▲
Profit (loss) for the period before taxes9903€236k€-27k▼
Income taxes67/77€56k€141▼
Profit (loss) for the period9904€180k€-27k▼
Profit (loss) for the period to be appropriated9905€180k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€180k€-27k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€26€0▼
Profit to be distributed694/7€180k€0▼
Return on contributions (dividend)694€180k€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
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-27k ▼115%
Net result drops to €-27k, the lowest in the series.
02-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €180k ▲106%
Operating result €237k, net result €180k, both a record.
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €100kEq €136k ▲111%
2 profitable years in a row build equity to €136k.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 2.28
Current ratio from 0.77 to 2.28; short-term debt falls from €41k to €40k.
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-11-2023
Resigned as Manager
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2018
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.
Meester Hicketlaan 59830 Sint-Martens-LatemGround area
752 m²
Building footprint
169 m²
Volume, LiDAR
851 m³
Parcel 44064B0351/00L000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Papaya
since 20182.273.217.467
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0351/00L000 | Flanders | 752 m² | 1 · 169 m² | 8.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,531 EUR awarded · 2,531 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,531 EUR | 2,531 EUR |
Schemes
Subsidies voor internationaal ondernemen
Similar companies · same sector, comparable size
CC Anderlecht
BE 0792.564.630
Braine-l'Alleud · Eq €108k
KOERDI
BE 0476.703.629
Etterbeek · Eq €108k
SOPEM
BE 0400.517.750
Soignies · Eq €107k
JHF Belgium
BE 0636.791.241
Jette · Eq €109k
WELZIJNSSCHAKEL PUURS
BE 0452.712.361
Puurs-Sint-Amands · Eq €110k
Of 949 companies in sector 47792 we hold annual accounts for 184. 132 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-02-2018
Fiscal year end30-06
Activities, NACEBEL
47792Retail sale of second-hand clothing
14100Manufacture of wearing apparel
14130Manufacture of wearing apparel
14220Manufacture of wearing apparel
14199Manufacture of wearing apparel
14210Manufacture of outerwear
14299Manufacture of wearing apparel
14390Manufacture of wearing apparel
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46180Agents specialised in the wholesale of other particular products
47610Retail trade
47711Retail sale of women's outerwear
47712Retail trade
47713Retail trade
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
47722Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.