PAPEL
The computed 12-month bankruptcy probability of PAPEL is 1.1% (low). The 2024 annual accounts show equity of €2.03M and a net result of €142k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 220 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €2.03M |
| Net result | €142k |
| Better than sector | 64% |
| Active | 5 yrs |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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 | 62.3% | 46.7% | |
| Net result | €142k | €31k | |
| Equity | €2.03M | €138k | |
| Gross operating margin | €233k | €72k | |
| Total assets | €3.26M | €444k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €142k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €48k |
| Dividends | - |
| Total assets | €3.26M |
| Equity | €2.03M |
| Debt | €1.23M |
| of which ≤ 1y | €1.23M |
| of which > 1y | - |
| Working capital | €-1.07M |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.13 |
| Quick ratio | 0.13 |
| Working capital ratio | -32.8% |
| Solvency | 62.3% |
| Debt / equity | 0.60 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 4.4% |
| ROE | 7.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €3.26M |
| Fixed assets | 21/28 | €3.10M |
| Financial fixed assets | 28 | €3.10M |
| Current assets | 29/58 | €157k |
| Amounts receivable within one year | 40/41 | €154k |
| Cash & bank | 54/58 | €3k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.26M |
| Equity | 10/15 | €2.03M |
| Reserves | 13 | €1.08M |
| Accumulated profits (losses) | 14 | €950k |
| Amounts payable | 17/49 | €1.23M |
| Amounts payable within one year | 42/48 | €1.23M |
| Trade debts payable within one year | 44 | €133k |
| Income statement | ||
| Gross operating margin | 9900 | €233k |
| Operating result | 9901 | €232k |
| Financial income | 75 | €16k |
| Financial charges | 65 | €58k |
| Result before taxes | 9903 | €190k |
| Income taxes | 67/77 | €48k |
| Net result for the period | 9904 | €142k |
| Result to be appropriated | 9905 | €142k |
| NACE primary | Advertising & market research(73110) |
| Legal form | Private limited company(610) |
| Incorporation | 16-04-2021 |
| Status | Active |
| Postal code | 2000 |
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. |
|---|---|---|---|---|
| 11811L3660/00V000 | Flanders | 538 m² | 1 · 273 m² | 12.3 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
25-09-2025 Registered office moved within Antwerpen
- Verbindingsdok-Oostkaai 23, 2000 Antwerpen → Verlaststraat 12, 2000 Antwerpen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Verlaststraat 12, 2000 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Verlaststraat",
"country": "BE",
"postcode": "2000",
"box_number": null,
"street_number": "12",
"locality_suffix": null
},
"old_address": {
"raw": "Verbindingsdok-Oostkaai 23, 2000 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Verbindingsdok-Oostkaai",
"country": "BE",
"postcode": "2000",
"box_number": null,
"street_number": "23",
"locality_suffix": null
},
"effective_date": "2025-09-11",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-09-25",
"filing_date": null,
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2025-06-16",
"unanimous": true
},
"subject_company": {
"kbo": "0766.831.421",
"name_full": "PAPEL",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Dirk Remy",
"org_rep_person_name": null,
"person_role_at_subject": "Gevolmachtigde"
},
"co_filed_documents": [
"Bijlage bij het Belgisch Staatsblad",
"Annexes du Moniteur belge"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | PAPEL |