PapCom
ActiveSummary
The computed 12-month bankruptcy probability of PapCom is 2.9% (moderate). The 2025 annual accounts show equity of €50,588 and a net result of -€3,323. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 7097 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 2,148 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,148 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,275 | €930 | €1,180 | ▲ 26.9% |
| Gross operating margin9900 | €33,204 | €39,150 | -€2,443 | ▼ 106% |
| Operating profit (loss)9901 | €31,929 | €38,220 | -€3,623 | ▼ 109% |
| Financial income75/76B | €19 | €34 | €485 | ▲ 1,344% |
| Recurring financial income75 | €19 | €34 | €485 | ▲ 1,344% |
| Financial charges65/66B | €48 | €103 | €185 | ▲ 79.7% |
| Recurring financial charges65 | €48 | €103 | €185 | ▲ 79.7% |
| Profit (loss) for the period before taxes9903 | €31,900 | €38,151 | -€3,323 | ▼ 109% |
| Income taxes67/77 | €6,861 | €10,279 | - | - |
| Profit (loss) for the period9904 | €25,039 | €27,872 | -€3,323 | ▼ 112% |
| Profit (loss) for the period to be appropriated9905 | €25,039 | €27,872 | -€3,323 | ▼ 112% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €34,944 | €55,504 | €50,600 | ▼ 8.8% |
| Fixed assets21/28 | €1,215 | €3,834 | €3,012 | ▼ 21.4% |
| Tangible fixed assets22/27 | €1,215 | €3,834 | €3,012 | ▼ 21.4% |
| Furniture and vehicles24 | €1,215 | €3,834 | €3,012 | ▼ 21.4% |
| Current assets29/58 | €33,728 | €51,670 | €47,588 | ▼ 7.9% |
| Amounts receivable within one year40/41 | €7,514 | €7,560 | €8,418 | ▲ 11.3% |
| Trade receivables40 | €6,821 | €7,560 | - | - |
| Other amounts receivable41 | €693 | - | €8,418 | - |
| Current investments50/53 | - | €16,005 | €20,176 | ▲ 26.1% |
| Cash at bank and in hand54/58 | €26,214 | €28,064 | €18,943 | ▼ 32.5% |
| Deferred charges and accrued income490/1 | - | €41 | €51 | ▲ 24.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €34,944 | €55,504 | €50,600 | ▼ 8.8% |
| Equity10/15 | €26,039 | €53,911 | €50,588 | ▼ 6.2% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €25,039 | €52,911 | €49,588 | ▼ 6.3% |
| Amounts payable17/49 | €8,904 | €1,593 | €12 | ▼ 99.2% |
| Amounts payable within one year42/48 | €8,904 | €1,593 | €12 | ▼ 99.2% |
| Trade debts44 | €544 | - | - | - |
| Suppliers440/4 | €544 | - | - | - |
| Taxes, remuneration and social security45 | €6,861 | €1,553 | €12 | ▼ 99.2% |
| Taxes450/3 | €6,861 | €1,553 | €12 | ▼ 99.2% |
| Other amounts payable47/48 | €1,500 | €40 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,039 | €27,872 | -€3,323 | ▼ 112% |
| + Depreciation and write-downs630 | €1,275 | €930 | €1,180 | ▲ 26.9% |
| Operating cash flow (approximation) | €26,314 | €28,801 | -€2,143 | ▼ 107% |
| Investment in fixed assets (approximation) | - | -€3,548 | -€359 | ▲ 89.9% |
| Change in cash | - | €1,850 | -€9,120 | ▼ 593% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0353/00D013indicative | Brussels | 92 m² | 1 · 95 m² | 18.9 m · 4 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.