PAPERCLIP MORTSEL

Active

Private limited companyfounded 201114 yrs activeEdegemsestraat 14, 2640 Mortsel, BelgiumKBO/BCE: BE 0841.810.342

PAPERCLIP MORTSEL has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32k and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 59% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2025

82 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability88▼-2

Solvency70▲+4

Growth78▲+20

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity ample (current ratio 2.08 against 1.49 in 2024; short-term debt: 42.6% and cash: 46.7% of total assets), but 55.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

44.8%

Return on assets

15.6%

Age of the figures

9 mo

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €32k

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

29 d late

2024

45 d early

2023

30 d early

2022

14 d early

2021

22 d late

2020

2 d early

2019

2 d early

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€32k▲ 45.4%

2024 · €22k

2018: €28k 2019: €27k 2020: €4k 2021: €15k 2022: €13k 2023: €14k 2024: €22k

2018 → 2025

Total assets

€71k▲ 32.7%

2024 · €54k

2018: €75k 2019: €69k 2020: €49k 2021: €47k 2022: €50k 2023: €62k 2024: €54k

2018 → 2025

Net result

€11k▲ 23.2%

2024 · €9k

2018: €219 2019: €-1k 2020: €-23k 2021: €12k 2022: €-2k 2023: €738 2024: €9k

2018 → 2025

Working capital

€33k▲ 114%

2024 · €15k

2018: €45k 2019: €37k 2020: €7k 2021: €21k 2022: €21k 2023: €20k 2024: €15k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€15k-€13k▼ 11.8%€14k▲ 5.5%€22k▲ 56.0%€32k▲ 45.4%

Operating result€12k-€-2k€2k€11k▲ 566%€15k▲ 37.7%

Net result€12k-€-2k€738€9k▲ 1,125%€11k▲ 23.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 38% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €71k

11%

88.8%

Fixed assets €8k▲ 21.7%

Current assets €63k▲ 34.2%

Equity and liabilities €71k

44.8%

55.2%

Equity €32k▲ 45.4%

Debt €39k▲ 23.8%

The debt ratio falls from 59.1% to 55.2%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€18k▲

2024 · €12k

Cash flow

€15k▲

2024 · €11k

Solvency

44.8%▲

2024 · 40.9%

Current ratio

2.08▲

2024 · 1.49

Quick ratio

1.68▲

2024 · 1.13

Debt / equity

1.23▼

2024 · 1.45

ROE

34.8%▼

2024 · 41.1%

ROA

15.6%▼

2024 · 16.8%

Interest coverage

28.81▲

2024 · 27.41

Debt

€39k▲

2024 · €32k

Debt ≤ 1 year

€30k▼

2024 · €32k

Income taxes

€3k▲

2024 · €1k

Staff costs

€20k▲

2024 · €19k

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€54k€71k▲

Fixed assets21/28€7k€8k▲

Tangible fixed assets22/27€7k€8k▲

Plant, machinery and equipment23€1k€330▼

Furniture and vehicles24€6k€8k▲

Current assets29/58€47k€63k▲

Stocks and contracts in progress3€11k€12k▲

Stocks30/36€11k€12k▲

Amounts receivable within one year40/41€5k€7k▲

Trade receivables40€5k€7k▲

Other amounts receivable41-€514

Cash at bank and in hand54/58€24k€33k▲

Deferred charges and accrued income490/1€7k€10k▲

Equity and liabilities

Total equity and liabilities10/49€54k€71k▲

Equity10/15€22k€32k▲

Contributions10/11€6k€6k=

Reserves13€16k€26k▲

Distributable reserves133€16k€26k▲

Amounts payable17/49€32k€39k▲

Amounts payable within one year42/48€32k€30k▼

Trade debts44€27k€22k▼

Suppliers440/4€27k€22k▼

Taxes, remuneration and social security45€4k€9k▲

Taxes450/3€2k€4k▲

Remuneration and social security454/9€2k€5k▲

Other amounts payable47/48€122-

Accrued charges and deferred income492/3-€9k

Income statement Code20242025

Remuneration, social security and pensions62€19k€20k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲

Other operating charges640/8€615€713▲

Gross operating margin9900€31k€39k▲

Operating profit (loss)9901€11k€15k▲

Financial income75/76B€10€8▼

Recurring financial income75€10€8▼

Financial charges65/66B€450€638▲

Recurring financial charges65€450€638▲

Profit (loss) for the period before taxes9903€10k€14k▲

Income taxes67/77€1k€3k▲

Profit (loss) for the period9904€9k€11k▲

Profit (loss) for the period to be appropriated9905€9k€11k▲

Appropriation of the result

Profit (loss) to be appropriated9906€9k€11k▲

Transfer from equity791/2€1k€1k=

Transfer to equity691/2€9k€11k▲

To other reserves6921€9k€11k▲

Profit to be distributed694/7€1k€1k=

Return on contributions (dividend)694€1k€1k=

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 29 days late

2025

16-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

01-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €738

Net result €738 after one loss-making year.

17-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

22-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 22 days late

2021

31-12

Financial Back to profitnet €12k

Net result €12k after 2 loss-making years.

29-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Weakest financial yearnet €-23k

Net result drops to €-23k, the lowest in the series; recovery starts the following year.

29-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

25-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

30-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

20-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2023

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.

31-10-2023 CREUPELANDT Ben: Resigned as Director

31-10-2023 CREUPELANDT Dirk Louis: Resigned as Director

31-03-2022 Ver Elst Annick: Resigned as Director

Location & real-estate footprint

Registered office, Mortsel · 1 establishment unit since 2012

establishment The establishment unit on the map

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.

Edegemsestraat 142640 Mortsel

Ground area

291 m²

Building footprint