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PAPER PARTNER

Active
Private limited companyfounded 1989active for 36 yearsKraainemlaan 33, 1950 Kraainem, Belgium22 active companies are registered at this addressKBO/BCE: BE 0439.446.325
Summary

PAPER PARTNER has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€219,541. Equity is growing by about 23% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Activity not known1 site
Size
€3.2mtotal assets 2025
Equity
€1.1m
Loss
-€219,541
Turnover not published (abbreviated format)
Financial health
92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Accounts 29 days early0 of 5 deeds read
Why 92raises riskLoss of €219,541, the second in a row (financial year 2025)Founded in 1989No main activity registeredlowers riskSize: total assets €3.2mShow the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 33% of its sector peers (no NACE code, small)
Financial strength · tick = 2024
Weak
Solvency 61-4
equity 35.9% of total assets
Liquidity 55+1
short-term debt 19.6% · cash 8.7%
Profitability 16+2
return on assets -6.9%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.2%▲ +0.1 percentage points vs 05-2025highest value 07-2025: 0.1%▼ -0.1 percentage points vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.62, compared with 0.74 in 2024, below 1; short-term debt: 19.6% and cash: 8.7% of total assets), and 64.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 37% on solvency, 73% on liquidity, 7% on profitability and 14% on growth.

The bankruptcy probability was computed on 18-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €3.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €219,541, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Founded in 1989
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · No main activity registered
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€219,541
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 01-06-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 days early
2024
6 days early
2023
17 days early
2022
7 days early
2021
22 days early
2020
16 days early
2019
20 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 17 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. The company usually files around 14 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
19-10-2026 today30-11-2026 year end30-06-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Risk: 5 loss-making years in a rowloss financial year 2025 -€219,541 View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View
  • Active since 1989founded 19-12-1989 36 years View

By topic

Financials

Financial year
2025
Total assets
€3.2m
Loss
-€219,541
Solvency
35.9%
Total assets▼ 7.3%
Net result
20182025
Go to Financials

Timeline

Events
38
Since
1992
Next accounts
by 30-06-2027
  1. 30-11-2023Weakest financial year
  2. 23-06-2023Annual accounts filed
  3. 30-11-2022Equity above €1m
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Founded
19-12-1989
Year ends
30-11
Peppol
Not found in the Peppol directory
Go to Company details

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