PAPERBOY
ActiveSummary
PAPERBOY has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €317,627 and a net result of €25,557. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-29
Solvency47▼-31
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.99 in 2024; short-term debt: 78.1% and cash: 1% of total assets), and 78.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.9%
Return on assets
1.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
70 d early
2023
57 d early
2022
59 d early
2021
26 d early
2020
39 d early
2019
53 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 47 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?BELGIAN DISTRIBUTION GROUP · 13 companies
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 fastest grower in Izegem, Wholesale and retail trade sector
Turnover
€1.1m
EBIT margin
24.7%
Net result
€25,557▼ 90.6%
2024 · €270,897
Working capital
€301,403▲ 20.5%
2024 · €250,118
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.1m
Operating result€270,024▲ 180%€166,204▼ 38.4%€171,863▲ 3.4%€374,792▲ 118%€39,800▼ 89.4%
Net result€219,092above the sector's middle half▲ 146%€126,469within the sector's middle half▼ 42.3%€126,439within the sector's middle half=€270,897above the sector's middle half▲ 114%€25,557within the sector's middle half▼ 90.6%
EBIT margin24.7%
Equity€21,165below the sector's middle half▼ 80.0%€147,633within the sector's middle half▲ 598%€147,572within the sector's middle half=€292,069within the sector's middle half▲ 97.9%€317,627within the sector's middle half▲ 8.8%
Total assets€664,833within the sector's middle half▲ 22.1%€886,264within the sector's middle half▲ 33.3%€888,832within the sector's middle half▲ 0.3%€548,524below the sector's middle half▼ 38.3%€1.5mwithin the sector's middle half▲ 164%
Debt€643,669▲ 46.8%€738,631▲ 14.8%€741,260▲ 0.4%€256,455▼ 65.4%€1.1m▲ 342%
Working capital-€49,639-€100,928▼ 103%-€117,079▼ 16.0%€250,118€301,403▲ 20.5%
Solvency3.2%below the sector's middle half▼ 16.3pp16.7%below the sector's middle half▲ 13.5pp16.6%below the sector's middle half▼ 0.1pp53.2%within the sector's middle half▲ 36.6pp21.9%within the sector's middle half▼ 31.3pp
Staff (FTE)16.3above the sector's middle half▲ 34.7%16.1above the sector's middle half▼ 1.2%16.7above the sector's middle half▲ 3.7%19.3above the sector's middle half▲ 15.6%19.7above the sector's middle half▲ 2.1%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 89% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€16,223 ▼ 65.3%
Current assets
€1.4m ▲ 186%
Equity and liabilities €1.5m
Equity
€317,627 ▲ 8.8%
Debt
€1.1m ▲ 342%
Debt's share of the balance-sheet total rises from 46.8% to 78.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€70,378▼
2024 · €409,014
Cash flow
€56,135▼
2024 · €305,119
Current ratio
1.27▼
2024 · 1.99
Debt to equity
3.57▲
2024 · 0.88
ROE
8.0%▼
2024 · 92.8%
ROA
1.8%▼
2024 · 49.4%
Interest coverage
13.05▼
2024 · 26.72
Debt ≤ 1 year
€1.1m▲
2024 · €251,605
Income taxes
€9,654▼
2024 · €94,111
Staff costs
€650,268▲
2024 · €564,785
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,105 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.1m | - | - | - | - | - |
| Non-recurring operating income76A | €0 | - | - | €25,090 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €522,664 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €310,997 | €436,856 | €475,931 | €564,785 | €650,268 | ▲ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,327 | €65,962 | €64,518 | €34,221 | €30,578 | ▼ 10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €2,945 | €5,524 | €6,619 | €7,189 | €2,227 | ▼ 69.0% |
| Non-recurring operating charges66A | €2,626 | €0 | - | €44,166 | - | - |
| Gross operating margin9900 | €627,918 | €674,546 | €718,930 | €1.0m | €722,872 | ▼ 29.5% |
| Operating profit (loss)9901 | €270,024 | €166,204 | €171,863 | €374,792 | €39,800 | ▼ 89.4% |
| Financial income75/76B | €7,947 | €4,303 | €3,487 | €5,521 | €804 | ▼ 85.4% |
| Recurring financial income75 | €7,947 | €4,303 | €3,487 | €5,521 | €804 | ▼ 85.4% |
| Financial charges65/66B | €4,084 | €7,398 | €10,578 | €15,305 | €5,393 | ▼ 64.8% |
| Recurring financial charges65 | €4,084 | €7,398 | €10,578 | €15,305 | €5,393 | ▼ 64.8% |
| Profit (loss) for the period before taxes9903 | €273,887 | €163,109 | €164,772 | €365,009 | €35,211 | ▼ 90.4% |
| Income taxes67/77 | €54,795 | €36,640 | €38,334 | €94,111 | €9,654 | ▼ 89.7% |
| Profit (loss) for the period9904 | €219,092 | €126,469 | €126,439 | €270,897 | €25,557 | ▼ 90.6% |
| Profit (loss) for the period to be appropriated9905 | €219,092 | €126,469 | €126,439 | €270,897 | €25,557 | ▼ 90.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €664,833 | €886,264 | €888,832 | €548,524 | €1.5m | ▲ 164% |
| Fixed assets21/28 | €186,460 | €675,303 | €616,350 | €46,802 | €16,223 | ▼ 65.3% |
| Tangible fixed assets22/27 | €183,070 | €671,913 | €612,960 | €45,322 | €14,743 | ▼ 67.5% |
| Land and buildings22 | - | €543,130 | €531,189 | €0 | - | - |
| Plant, machinery and equipment23 | €6,387 | €4,394 | €3,670 | €1,741 | €732 | ▼ 57.9% |
| Furniture and vehicles24 | €176,682 | €124,389 | €78,102 | €43,581 | €14,011 | ▼ 67.8% |
| Financial fixed assets28 | €3,390 | €3,390 | €3,390 | €1,480 | €1,480 | = |
| Current assets29/58 | €478,373 | €210,961 | €272,482 | €501,723 | €1.4m | ▲ 186% |
| Amounts receivable within one year40/41 | €293,469 | €109,919 | €105,515 | €52,955 | €1.4m | ▲ 2,581% |
| Trade receivables40 | €285,902 | €104,919 | €95,488 | €52,955 | €1.4m | ▲ 2,562% |
| Other amounts receivable41 | €7,566 | €5,000 | €10,027 | €0 | €10,348 | - |
| Cash at bank and in hand54/58 | €168,954 | €87,809 | €128,418 | €445,530 | €13,927 | ▼ 96.9% |
| Deferred charges and accrued income490/1 | €15,951 | €13,232 | €38,550 | €3,238 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €664,833 | €886,264 | €888,832 | €548,524 | €1.5m | ▲ 164% |
| Equity10/15 | €21,165 | €147,633 | €147,572 | €292,069 | €317,627 | ▲ 8.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,565 | €129,033 | €128,972 | €273,469 | €273,469 | = |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €2,565 | €129,033 | €128,972 | €273,469 | €273,469 | = |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €25,557 | - |
| Amounts payable17/49 | €643,669 | €738,631 | €741,260 | €256,455 | €1.1m | ▲ 342% |
| Amounts payable after more than one year17 | €114,823 | €426,742 | €349,059 | €0 | - | - |
| Financial debts170/4 | €114,823 | €426,742 | €349,059 | €0 | - | - |
| Amounts payable within one year42/48 | €528,012 | €311,889 | €389,561 | €251,605 | €1.1m | ▲ 350% |
| Current portion of amounts payable after more than one year42 | €165,068 | €161,612 | €154,479 | €0 | - | - |
| Financial debts43 | €0 | - | €3,369 | €4,167 | €1,667 | ▼ 60.0% |
| Credit institutions430/8 | €0 | - | €3,369 | €4,167 | €1,667 | ▼ 60.0% |
| Trade debts44 | €55,832 | €82,782 | €135,879 | €70,183 | €173,830 | ▲ 148% |
| Suppliers440/4 | €55,832 | €82,782 | €135,879 | €70,183 | €173,830 | ▲ 148% |
| Taxes, remuneration and social security45 | €88,112 | €67,345 | €95,520 | €177,256 | €144,810 | ▼ 18.3% |
| Taxes450/3 | €53,467 | €17,626 | €45,295 | €111,595 | €40,100 | ▼ 64.1% |
| Remuneration and social security454/9 | €34,645 | €49,719 | €50,225 | €65,661 | €104,710 | ▲ 59.5% |
| Other amounts payable47/48 | €219,000 | €150 | €315 | €0 | €812,148 | - |
| Accrued charges and deferred income492/3 | €834 | €0 | €2,640 | €4,850 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €219,092 | €126,469 | €126,439 | €270,897 | €25,557 | ▼ 90.6% |
| + Depreciation and write-downs630 | €41,327 | €65,962 | €64,518 | €34,221 | €30,578 | ▼ 10.6% |
| Operating cash flow (approximation) | €260,419 | €192,431 | €190,956 | €305,119 | €56,135 | ▼ 81.6% |
| Investment in fixed assets (approximation) | - | -€554,805 | -€5,564 | €535,327 | €0 | ▼ 100% |
| Change in cash | - | -€81,145 | €40,608 | €317,112 | -€431,603 | ▼ 236% |
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
02-09
State Gazette act
Appointment: Bofidi Audit BV (statutory auditor)2 facts ▸
State Gazette act
Appointment: Bofidi Audit BV (statutory auditor)
2 facts ▸
- General meeting, 30-06-2025
- Auditor appointment, Bofidi Audit BV (statutory auditor)
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
20-03
State Gazette act
Resignation: Lestima BV (director)Director discharge3 facts ▸
State Gazette act
Resignation: Lestima BV (director)
Director discharge3 facts ▸
- General meeting, 26/01/2026
- Director resignation, Lestima BV (director)
- Director discharge, Lestima BV (director)
2025
31-12
Financial
Weakest financial yearnet €25,557 ▼90.6%
Net result drops to €25,557, the lowest in the series.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €270,897 ▲114%
Operating result €374,792, net result €270,897, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.99
Current ratio from 0.70 to 1.99; short-term debt falls from €389,561 to €251,605.
31-12
Financial
Equity above €200,000Eq €292,069 ▲97.9%
7 profitable years in a row build equity to €292,069.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100,000Eq €147,633 ▲598%
5 profitable years in a row build equity to €147,633.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Show earlier events
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €100,000Eq €106,072 ▲395%
3 profitable years in a row build equity to €106,072.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 2 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
no sitting director, last change in 2026
Statutory auditor 1
Bofidi Audit BV
CurrentStatutory auditor · since 02-09-2026 · perm. rep.: Jeroen Rans
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 2013
Ground area
558 m²
Building footprint
36 m²
Volume, LiDAR
111 m³
Parcel 36492A0438/00A006, Flanders · tallest building 3.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PAPERBOY
since 20132.225.756.951
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A0438/00A006 | Flanders | 558 m² | 1 · 36 m² | 3.5 m · 1 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.
Mandate history
2 people since 2026, 1 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Bofidi Audit BV |
|
| LESTIMA |
|
Structure & network
Part of the group
BELGIAN DISTRIBUTION GROUP
13 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- BELGIAN DISTRIBUTION GROUP
- BD MEDIA
- PAPERBOY
Highest known parent: BELGIAN DISTRIBUTION GROUP. The sources do not say who stands above it.
Owners 1
- BD MEDIAparentSourceaccounts BD MEDIA 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 77,618 EUR awarded · 77,618 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 42,395 EUR | 42,395 EUR |
| 2024 | 2 | 8,352 EUR | 8,352 EUR |
| 2023 | 1 | 11,262 EUR | 11,262 EUR |
| 2022 | 1 | 15,609 EUR | 15,609 EUR |
Similar companies · same sector, comparable size
CARRÉ CARDS
BE 0870.787.608
Putte · Eq €299,664
STRIBBEL STRIPS
BE 0801.120.624
Hamont-Achel · Eq €298,564
POLIMPEX - Zwalm
BE 0441.018.022
Zwalm · Eq €297,376
FAVEO
BE 0418.437.214
Deinze · Eq €343,120
MERTENS BERNI
BE 0860.654.571
Halle · Eq €356,845
Of 165 companies in sector 46491 we hold annual accounts for 91. 72 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
46491Wholesale trade
53200Other postal and courier activities
68201Renting and operating of own or leased residential real estate, excluding social housing
Contact
Website
www.folderverdelingwvl.be/
E-mail
paperboyingelmunster@telenet.be
E-mail
mathias@paperboybv.beIzegem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543460811
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.