Paper Planes
ActiveSummary
Paper Planes has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €841,432 and a net result of €670,958. Equity is growing by ~5.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 3.22 against 17.84 in 2023; short-term debt: 4.4% and cash: 0.4% of total assets), and 4.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
95.6%
Return on assets
76.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
on the day
2023
1 d early
2022
21 d early
2021
13 d early
2020
26 d late
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 18 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€841,432▲ 394%
2023 · €170,474
Total assets
€880,267▲ 397%
2023 · €176,995
Net result
€670,958▲ 1,599%
2023 · €39,493
Working capital
€86,278▼ 21.4%
2023 · €109,834
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€18,382▲ 172%€16,002▼ 12.9%€40,839▲ 155%€49,168▲ 20.4%€92,321▲ 87.8%
Net result€16,308within the sector's middle half▲ 114%€14,145within the sector's middle half▼ 13.3%€34,724within the sector's middle half▲ 145%€39,493within the sector's middle half▲ 13.7%€670,958above the sector's middle half▲ 1,599%
Equity€141,364within the sector's middle half▲ 1.6%€141,364within the sector's middle half=€148,230within the sector's middle half▲ 4.9%€170,474within the sector's middle half▲ 15.0%€841,432above the sector's middle half▲ 394%
Total assets€163,892within the sector's middle half▲ 4.8%€163,591within the sector's middle half▼ 0.2%€186,810within the sector's middle half▲ 14.2%€176,995within the sector's middle half▼ 5.3%€880,267above the sector's middle half▲ 397%
Debt€22,528▲ 31.1%€22,227▼ 1.3%€38,579▲ 73.6%€6,521▼ 83.1%€38,835▲ 496%
Working capital€78,716within the sector's middle half▲ 7.2%€83,126within the sector's middle half▲ 5.6%€88,979within the sector's middle half▲ 7.0%€109,834within the sector's middle half▲ 23.4%€86,278within the sector's middle half▼ 21.4%
Solvency86.3%above the sector's middle half▼ 2.8pp86.4%above the sector's middle half▲ 0.2pp79.3%above the sector's middle half▼ 7.1pp96.3%above the sector's middle half▲ 17.0pp95.6%above the sector's middle half▼ 0.7pp
Current ratio4.54above the sector's middle half▼ 0.814.74above the sector's middle half▲ 0.203.31within the sector's middle half▼ 1.4317.84above the sector's middle half▲ 14.543.22within the sector's middle half▼ 14.62
Return on assets (ROA)10.0%within the sector's middle half▲ 5.1pp8.6%within the sector's middle half▼ 1.3pp18.6%within the sector's middle half▲ 9.9pp22.3%within the sector's middle half▲ 3.7pp76.2%above the sector's middle half▲ 53.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 88% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €880,267
Fixed assets
€755,154 ▲ 1,145%
Current assets
€125,113 ▲ 7.5%
Equity and liabilities €880,267
Equity
€841,432 ▲ 394%
Debt
€38,835 ▲ 496%
Debt's share of the balance-sheet total rises from 3.7% to 4.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€98,263▲
2023 · €54,481
Cash flow
€676,900▲
2023 · €44,806
Debt to equity
0.05▲
2023 · 0.04
ROE
79.7%▲
2023 · 23.2%
Interest coverage
218.32▼
2023 · 399.57
Debt ≤ 1 year
€38,835▲
2023 · €6,521
Income taxes
€27,088▲
2023 · €13,903
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,376 | €4,705 | €4,587 | €5,313 | €5,942 | ▲ 11.8% |
| Other operating charges640/8 | - | €1,503 | €2,550 | €1,188 | €959 | ▼ 19.3% |
| Non-recurring operating charges66A | - | - | - | €157 | €0 | ▼ 100% |
| Gross operating margin9900 | €23,586 | €22,209 | €47,976 | €55,826 | €99,222 | ▲ 77.7% |
| Operating profit (loss)9901 | €18,382 | €16,002 | €40,839 | €49,168 | €92,321 | ▲ 87.8% |
| Financial income75/76B | - | €3,677 | €4,048 | €4,364 | €606,176 | ▲ 13,789% |
| Recurring financial income75 | €3,791 | €3,677 | €4,048 | €4,364 | €606,176 | ▲ 13,789% |
| Financial charges65/66B | - | €78 | €101 | €136 | €450 | ▲ 230% |
| Recurring financial charges65 | €235 | €78 | €101 | €136 | €450 | ▲ 230% |
| Profit (loss) for the period before taxes9903 | €21,939 | €19,601 | €44,787 | €53,396 | €698,047 | ▲ 1,207% |
| Income taxes67/77 | €5,631 | €5,456 | €10,063 | €13,903 | €27,088 | ▲ 94.8% |
| Profit (loss) for the period9904 | €16,308 | €14,145 | €34,724 | €39,493 | €670,958 | ▲ 1,599% |
| Profit (loss) for the period to be appropriated9905 | €16,308 | €14,145 | €34,724 | €39,493 | €670,958 | ▲ 1,599% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163,892 | €163,591 | €186,810 | €176,995 | €880,267 | ▲ 397% |
| Fixed assets21/28 | €62,943 | €58,239 | €59,251 | €60,639 | €755,154 | ▲ 1,145% |
| Tangible fixed assets22/27 | €32,943 | €28,239 | €23,651 | €25,039 | €22,554 | ▼ 9.9% |
| Plant, machinery and equipment23 | - | €172 | €0 | - | €3,331 | - |
| Furniture and vehicles24 | - | €28,067 | €23,651 | €25,039 | €19,223 | ▼ 23.2% |
| Financial fixed assets28 | €30,000 | €30,000 | €35,600 | €35,600 | €732,600 | ▲ 1,958% |
| Current assets29/58 | €100,949 | €105,353 | €127,559 | €116,355 | €125,113 | ▲ 7.5% |
| Amounts receivable after more than one year29 | - | €52,541 | €56,589 | €60,954 | €65,659 | ▲ 7.7% |
| Trade receivables290 | - | €52,541 | €56,589 | €60,954 | €65,659 | ▲ 7.7% |
| Amounts receivable within one year40/41 | €53,405 | €42,976 | €49,742 | €34,914 | €17,950 | ▼ 48.6% |
| Trade receivables40 | - | €40,630 | €49,680 | €32,670 | €15,710 | ▼ 51.9% |
| Other amounts receivable41 | - | €2,346 | €62 | €2,244 | €2,240 | ▼ 0.1% |
| Current investments50/53 | - | - | - | €7,500 | €36,188 | ▲ 383% |
| Cash at bank and in hand54/58 | €2,901 | €9,175 | €20,543 | €11,365 | €3,300 | ▼ 71.0% |
| Deferred charges and accrued income490/1 | - | €661 | €685 | €1,624 | €2,016 | ▲ 24.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163,892 | €163,591 | €186,810 | €176,995 | €880,267 | ▲ 397% |
| Equity10/15 | €141,364 | €141,364 | €148,230 | €170,474 | €841,432 | ▲ 394% |
| Contributions10/11 | - | €76,200 | €76,200 | €76,200 | €76,200 | = |
| Reserves13 | €65,164 | €65,164 | €65,164 | €94,274 | €765,232 | ▲ 712% |
| Non-distributable reserves130/1 | - | €3,147 | €3,147 | €3,147 | €3,147 | = |
| Reserves not available under the articles1311 | - | €3,147 | €3,147 | €3,147 | €3,147 | = |
| Distributable reserves133 | - | €62,017 | €62,017 | €91,126 | €762,085 | ▲ 736% |
| Profit (loss) carried forward14 | - | €0 | €6,866 | €0 | €0 | - |
| Amounts payable17/49 | €22,528 | €22,227 | €38,579 | €6,521 | €38,835 | ▲ 496% |
| Amounts payable within one year42/48 | €22,233 | €22,227 | €38,579 | €6,521 | €38,835 | ▲ 496% |
| Financial debts43 | - | - | - | €43 | €218 | ▲ 410% |
| Credit institutions430/8 | - | - | - | €43 | €218 | ▲ 410% |
| Trade debts44 | €1,636 | €3,933 | €5,633 | €1,652 | €4,724 | ▲ 186% |
| Suppliers440/4 | - | €3,933 | €5,633 | €1,652 | €4,724 | ▲ 186% |
| Taxes, remuneration and social security45 | - | €4,149 | €5,131 | €3,309 | €8,880 | ▲ 168% |
| Taxes450/3 | - | €4,149 | €4,586 | €2,765 | €8,880 | ▲ 221% |
| Remuneration and social security454/9 | - | - | €545 | €545 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €14,145 | €27,816 | €1,517 | €25,013 | ▲ 1,549% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,308 | €14,145 | €34,724 | €39,493 | €670,958 | ▲ 1,599% |
| + Depreciation and write-downs630 | €4,376 | €4,705 | €4,587 | €5,313 | €5,942 | ▲ 11.8% |
| Operating cash flow (approximation) | €20,684 | €18,850 | €39,311 | €44,806 | €676,900 | ▲ 1,411% |
| Investment in fixed assets (approximation) | - | €0 | -€5,600 | -€6,701 | -€700,456 | ▼ 10,353% |
| Change in cash | - | €6,274 | €11,368 | -€9,178 | -€8,065 | ▲ 12.1% |
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
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €670,958 ▲1,599%
Operating result €92,321, net result €670,958, both a record.
31-12
Financial
Equity above €500,000Eq €841,432 ▲394%
7 profitable years in a row build equity to €841,432.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 17.84
Current ratio from 3.31 to 17.84; short-term debt falls from €38,579 to €6,521.
31-12
Financial
Equity above €150,000Eq €170,474 ▲15%
6 profitable years in a row build equity to €170,474.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €7,610 ▼75.2%
Net result drops to €7,610, the lowest in the series; recovery starts the following year.
Show earlier events
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
14-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 167 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Schilde · 1 establishment unit since 2016
Ground area
1,080 m²
Building footprint
167 m²
Volume, LiDAR
1,157 m³
Parcel 11922C0475/00Y005, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Paper Planes
since 20162.249.988.937
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922C0475/00Y005 | Flanders | 1,080 m² | 1 · 167 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
22%
According to the 2024 annual accounts of Paper Planes and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,439 EUR awarded · 1,439 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 300 EUR |
| 2024 | 1 | 600 EUR | 300 EUR |
| 2023 | 1 | 839 EUR | 839 EUR |
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 29,741 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded26-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647511325
Also
9925:BE0647511325
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.