PAPER STREET
ActivePAPER STREET has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138k and a net result of €-39k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 39% of 7002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-6
Solvency66▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 4.53 against 6.47 in 2024; short-term debt: 6.5% and cash: 12.2% of total assets), but 59.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
40.7%
Return on assets
-11.6%
Age of the figures
9 mo
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-39k
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
2 d early
2023
100 d early
2022
56 d early
2021
41 d early
2020
11 d early
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€138k▼ 22.2%
2024 · €177k
2018: €105k
2019: €162k
2020: €212k
2021: €217k
2022: €216k
2023: €218k
2024: €177k
2018 → 2025
Total assets
€339k▼ 14.1%
2024 · €394k
2018: €449k
2019: €469k
2020: €513k
2021: €490k
2022: €473k
2023: €546k
2024: €394k
2018 → 2025
Net result
€-39k▼ 40.0%
2024 · €-28k
2018: €32k
2019: €56k
2020: €50k
2021: €5k
2022: €-1k
2023: €2k
2024: €-28k
2018 → 2025
Working capital
€78k▼ 32.8%
2024 · €116k
2018: €88k
2019: €145k
2020: €192k
2021: €149k
2022: €151k
2023: €155k
2024: €116k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€217k-€216k▼ 0.5%€218k▲ 0.8%€177k▼ 18.6%€138k▼ 22.2%
Operating result€15k-€665▼ 95.6%€10k▲ 1,445%€-23k€-36k▼ 53.5%
Net result€5k-€-1k€2k€-28k€-39k▼ 40.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2025 against €23k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €339k
Fixed assets
€238k▼ 7.1%
Current assets
€100k▼ 27.1%
Equity and liabilities €339k
Equity
€138k▼ 22.2%
Debt
€201k▼ 7.5%
The debt ratio rises from 55.1% to 59.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-17k▼
2024 · €-5k
Cash flow
€-21k▼
2024 · €-10k
Solvency
40.7%▼
2024 · 44.9%
Current ratio
4.53▼
2024 · 6.47
Quick ratio
4.53▼
2024 · 6.47
Debt / equity
1.46▲
2024 · 1.23
ROE
-28.4%▼
2024 · -15.8%
ROA
-11.6%▼
2024 · -7.1%
Interest coverage
-4.02▼
2024 · -1.04
Debt
€201k▼
2024 · €217k
Debt ≤ 1 year
€22k▲
2024 · €21k
Debt > 1 year
€179k▼
2024 · €196k
Income taxes
€0▼
2024 · €35
Staff costs
€13k▼
2024 · €25k
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€394k€339k▼
Fixed assets21/28€257k€238k▼
Tangible fixed assets22/27€257k€238k▼
Land and buildings22€257k€238k▼
Current assets29/58€138k€100k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€4k€58k▲
Trade receivables40€0-
Other amounts receivable41€4k€58k▲
Cash at bank and in hand54/58€133k€41k▼
Deferred charges and accrued income490/1€948€875▼
Equity and liabilities
Total equity and liabilities10/49€394k€339k▼
Equity10/15€177k€138k▼
Contributions10/11€0-
Reserves13€199k€199k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€199k€199k=
Profit (loss) carried forward14€-22k€-61k▼
Amounts payable17/49€217k€201k▼
Amounts payable after more than one year17€196k€179k▼
Financial debts170/4€196k€179k▼
Amounts payable within one year42/48€21k€22k▲
Current portion of amounts payable after more than one year42€17k€17k▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€36€15▼
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€0-
Income statement
Code20242025
Remuneration, social security and pensions62€25k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€22k€-2k▼
Operating profit (loss)9901€-23k€-36k▼
Financial income75/76B€0€875▲
Recurring financial income75€0€875▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-28k€-39k▼
Income taxes67/77€35€0▼
Profit (loss) for the period9904€-28k€-39k▼
Profit (loss) for the period to be appropriated9905€-28k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-61k▼
Profit (loss) brought forward from the previous period14P€6k€-22k▼
The notes to these accounts (7 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
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 6.47
Current ratio from 2.34 to 6.47; short-term debt falls from €116k to €21k.
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €212k ▲30.9%
3 profitable years in a row build equity to €212k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €56k ▲75.5%
Operating result €90k, net result €56k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.71
Current ratio from 2.71 to 5.71; short-term debt falls from €51k to €31k.
31-12
Financial
Equity above €150kEq €162k ▲53.6%
2 profitable years in a row build equity to €162k.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2016
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.
Akenkaai 691000 BrusselGround area
1.2 ha
Building footprint
1,209 m²
Volume, LiDAR
29,817 m³
Parcel 21814P0404/00A006, Brussels · tallest building 29.3 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Paper Street
since 20162.252.839.351
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0404/00A006 | Brussels | 1.2 ha | 1 · 1,209 m² | 29.3 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,754. 2,962 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2015
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
73110Advertising agencies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.