PAPER & BEANS
ActiveThe computed 12-month bankruptcy probability of PAPER & BEANS is 2.4% (moderate). The 2025 annual accounts show equity of €29k and a net result of €-106k. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 68% of 13061 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency96▲+17
Growth32▼-46
Stability100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 1.16 in 2024), and 48.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 56
Relative position
BE, all sectors
reference
Sector 56
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
51.6%
Return on assets
-186.3%
Age of the figures
14 mo
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 16-12-2025, 46 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
46 d early
2024
35 d early
2023
7 d early
2022
6 d early
2021
16 d late
2020
4 d early
2019
13 d late
← 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 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€29k▼ 78.3%
2024 · €136k
2019: €51k
2020: €41k
2021: €60k
2022: €96k
2023: €123k
2024: €136k
2019 → 2025
Total assets
€57k▼ 76.4%
2024 · €242k
2019: €69k
2020: €67k
2021: €231k
2022: €244k
2023: €237k
2024: €242k
2019 → 2025
Net result
€-106k
2024 · €31k
2019: €9k
2020: €-9k
2021: €19k
2022: €23k
2023: €27k
2024: €31k
2019 → 2025
Working capital
€26k▲ 216%
2024 · €8k
2019: €50k
2020: €41k
2021: €-3k
2022: €21k
2023: €17k
2024: €8k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€96k▲ 59.2%€123k▲ 27.9%€136k▲ 10.5%€29k▼ 78.3%
Operating result€31k-€35k▲ 15.8%€39k▲ 9.8%€43k▲ 11.4%€10k▼ 76.0%
Net result€19k-€23k▲ 24.0%€27k▲ 15.0%€31k▲ 14.2%€-106k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57k
Fixed assets
€7k▼ 96.2%
Current assets
€50k▼ 16.8%
Equity and liabilities €57k
Equity
€29k▼ 78.3%
Debt
€28k▼ 74.0%
The debt ratio rises from 43.9% to 48.4%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€11k
Cash flow
€-105k
Solvency
51.6%▼
2024 · 56.1%
Current ratio
2.11▲
2024 · 1.16
Quick ratio
2.11▲
2024 · 1.16
Debt / equity
0.94▲
2024 · 0.78
ROE
-361.2%▼
2024 · 22.5%
ROA
-186.3%▼
2024 · 12.7%
Interest coverage
0.10
Debt
€28k▼
2024 · €106k
Debt ≤ 1 year
€24k▼
2024 · €52k
Debt > 1 year
€4k▼
2024 · €52k
Income taxes
€2k▼
2024 · €11k
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€242k€57k▼
Fixed assets21/28€182k€7k▼
Tangible fixed assets22/27-€7k
Furniture and vehicles24-€7k
Financial fixed assets28€182k€0▼
Current assets29/58€60k€50k▼
Amounts receivable within one year40/41€54k€45k▼
Trade receivables40€54k€37k▼
Other amounts receivable41€249€8k▲
Cash at bank and in hand54/58€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€242k€57k▼
Equity10/15€136k€29k▼
Contributions10/11€19k€19k=
Reserves13€117k€36k▼
Distributable reserves133€117k€36k▼
Profit (loss) carried forward14€0€-26k▼
Amounts payable17/49€106k€28k▼
Amounts payable after more than one year17€52k€4k▼
Financial debts170/4€52k€4k▼
Amounts payable within one year42/48€52k€24k▼
Current portion of amounts payable after more than one year42€22k€3k▼
Financial debts43€5k€5k▼
Credit institutions430/8€5k€5k▼
Trade debts44€1k€4k▲
Suppliers440/4€1k€4k▲
Taxes, remuneration and social security45€6k€2k▼
Taxes450/3€6k€2k▼
Other amounts payable47/48€19k€10k▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€499€854▲
Gross operating margin9900€44k€12k▼
Operating profit (loss)9901€43k€10k▼
Financial income75/76B€48€0▼
Recurring financial income75€48€0▼
Financial charges65/66B€2k€115k▲
Recurring financial charges65€2k€115k▲
Profit (loss) for the period before taxes9903€41k€-105k▼
Income taxes67/77€11k€2k▼
Profit (loss) for the period9904€31k€-106k▼
Profit (loss) for the period to be appropriated9905€31k€-106k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€-106k▼
Transfer from equity791/2€18k€81k▲
Transfer to equity691/2€31k€0▼
To other reserves6921€31k€0▼
Profit to be distributed694/7€18k€0▼
Return on contributions (dividend)694€18k€0▼
The notes to these accounts (10 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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-106k ▼447%
Net result drops to €-106k, the lowest in the series.
11-02
State Gazette act
General meeting · Director resignation
Director discharge · Permanent representative
2024
27-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €31k ▲14.2%
Operating result €43k, net result €31k, both a record.
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €100kEq €123k ▲27.9%
3 profitable years in a row build equity to €123k.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-03
State Gazette act
General meeting · Registered-office move
Purpose change · Capital
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
30-06
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-12
State Gazette act
General meeting · Director appointment
Permanent representative
13-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
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.
06-04-2022
Resigned as Director
Location & real-estate footprint
Registered office, Wingene · 1 establishment unit since 2017
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.
Varendreef 1158750 WingeneGround area
471 m²
Building footprint
134 m²
Volume, LiDAR
898 m³
2 parcels, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Paper & Beans
since 20172.262.116.511
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018C0112/00F008 | Flanders | 383 m² | 1 · 60 m² | 5.2 m · 2 fl. |
| 31803C0914/00D000 | Flanders | 88 m² | 1 · 74 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partyPAPER & BEANSBE 0668.798.172
controls
Where this company holds controlthis company sits on their board1
1 location
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.262.116.511
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,312. 9,311 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-2017
Fiscal year end30-06
Activities, NACEBEL
56111Full-service restaurants
47120Other non-specialised retail sale
47793Retail sale of other second-hand goods, excluding clothing
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
74300Other professional, scientific and technical activities
74301Translation services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.