PAPET
Annual accounts 2025
abbreviated format, filed on 03-07-2026, 28 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance sheet
balance sheet total €2,282 on 31-12-2025in euro
in euro
Position in the sector
-
Lower than 95% of 6,069 companies in 2024.
-
Lower than 95% of 6,030 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
2,282 | 67,374 | 69,115 | 266,763 | 251,640 | 264,422 | 269,094 | 568,565 | 536,552 | 729,204 | 901,725 | 932,164 | 927,792 | 385,106 | 388,761 | 396,395 | 409,802 | 179,999 | 383,609 | 449,801 | |
21/28 |
270 | 270 | 270 | 270 | 270 | - | - | 501,740 | 513,950 | 526,160 | 894,183 | 923,072 | 927,452 | 14 | 280 | 8,854 | 12,164 | 150,278 | 376,115 | 381,632 | |
22/27 |
- | - | - | - | - | - | - | 501,740 | 513,950 | 526,160 | 894,183 | 923,072 | 927,452 | 14 | 280 | 8,854 | 12,164 | 150,278 | 156,496 | 162,012 | |
22 |
- | - | - | - | - | - | - | 501,740 | 513,950 | 526,160 | 879,020 | 897,680 | 916,340 | - | - | - | - | 148,708 | 154,105 | 160,702 | |
23 |
- | - | - | - | - | - | - | - | - | - | 15,163 | 17,058 | - | - | - | - | - | - | - | - | |
24 |
- | - | - | - | - | - | - | - | - | - | - | 8,334 | 11,112 | 14 | 280 | 8,854 | 12,164 | 1,571 | 2,391 | 1,310 | |
28 |
270 | 270 | 270 | 270 | 270 | - | - | - | - | - | - | - | - | - | - | - | - | - | 219,619 | 219,620 | |
29/58 |
2,012 | 67,104 | 68,845 | 266,493 | 251,370 | 264,422 | 269,094 | 66,825 | 22,602 | 203,044 | 7,543 | 9,092 | 340 | 385,092 | 388,480 | 387,541 | 397,638 | 29,721 | 7,494 | 68,169 | |
29 |
- | - | 58,719 | 250,000 | 250,000 | 250,000 | 250,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
- | - | 58,719 | 250,000 | 250,000 | 250,000 | 250,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
1,647 | 66,561 | 7,627 | 15,452 | 744 | 4,847 | 2,115 | 64,445 | 17,454 | 197,689 | 2,164 | 9,000 | 340 | 384,486 | 388,480 | 385,917 | 388,090 | 25,627 | 7,494 | 28,169 | |
40 |
- | 64,639 | 5,000 | 9,500 | 678 | - | - | - | 17,000 | - | 2,150 | 9,000 | - | 980 | 3,480 | - | - | 23,719 | 7,494 | 8,751 | |
41 |
1,647 | 1,922 | 2,627 | 5,952 | 67 | 4,847 | 2,115 | 64,445 | 454 | 197,689 | 14 | - | 340 | 383,506 | 385,000 | 385,917 | 388,090 | 1,908 | - | 19,418 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 40,000 | |
54/58 |
365 | 233 | 2,193 | 763 | 355 | 2,075 | 12,448 | 2,379 | 5,149 | 955 | 979 | 92 | - | 606 | - | 1,625 | 9,548 | 3,745 | - | - | |
490/1 |
- | 310 | 305 | 278 | 270 | 7,500 | 4,531 | - | - | 4,400 | 4,400 | - | - | - | - | - | - | 349 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
2,282 | 67,374 | 69,115 | 266,763 | 251,640 | 264,422 | 269,094 | 568,565 | 536,552 | 729,204 | 901,725 | 932,164 | 927,792 | 385,106 | 388,761 | 396,395 | 409,802 | 179,999 | 383,609 | 449,801 | |
10/15 |
-33,195 | -34,052 | 25,612 | 227,411 | 221,793 | 219,778 | 235,279 | 237,679 | 238,499 | 240,929 | 234,671 | 235,701 | 193,195 | 234,170 | 233,638 | 236,703 | 233,931 | -31,989 | 42,615 | 40,705 | |
10/11 |
37,497 | 37,497 | 37,497 | 37,497 | 37,497 | 37,497 | 14,728 | 14,728 | 14,728 | 14,728 | 14,728 | 14,728 | 12,497 | 12,497 | 12,497 | 12,497 | 12,497 | 12,497 | 12,497 | 12,497 | |
100 |
- | - | - | - | - | - | 20,823 | 20,823 | 20,823 | 20,823 | 20,823 | 20,823 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | - | 6,095 | 6,095 | 6,095 | 6,095 | 6,095 | 6,095 | 6,095 | 6,095 | 6,095 | 6,095 | 6,095 | 6,095 | 6,095 | 6,095 | |
11 |
- | - | - | - | - | 37,497 | 22,769 | 22,769 | 22,769 | 22,769 | 22,769 | 22,769 | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 22,769 | 22,769 | 22,769 | 22,769 | 22,769 | 22,769 | 22,769 | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | - | 14,728 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
12 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,000 | 8,000 | 8,000 | |
13 |
2,083 | 2,083 | 2,083 | 203,431 | 203,431 | 203,431 | 203,431 | 203,431 | 203,431 | 203,431 | 259,955 | 268,456 | 276,734 | 285,235 | 285,235 | 285,235 | 285,235 | 1,859 | 1,859 | 1,859 | |
130/1 |
2,083 | 2,083 | 2,083 | 2,083 | 2,083 | 2,083 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,083 | 2,083 | 2,083 | 2,083 | 2,083 | 2,083 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
2,083 | 2,083 | 2,083 | 2,083 | 2,083 | 2,083 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | - | - | - | 257,872 | 266,373 | 274,875 | 283,376 | 283,376 | 283,376 | 283,376 | - | - | - | |
133 |
- | - | - | 201,348 | 201,348 | 201,348 | 201,348 | 201,348 | 201,348 | 201,348 | - | - | - | - | - | - | - | - | - | - | |
14 |
-72,776 | -73,632 | -13,968 | -13,517 | -19,135 | -21,150 | -5,650 | -3,250 | -2,429 | - | -62,781 | -70,253 | -96,036 | -63,562 | -64,094 | -61,030 | -63,801 | -54,346 | 20,259 | 18,349 | |
16 |
- | - | - | - | - | - | - | - | - | - | 132,784 | 137,162 | 141,539 | 145,917 | 145,917 | 145,917 | 145,917 | - | - | - | |
168 |
- | - | - | - | - | - | - | - | - | - | 132,784 | 137,162 | 141,539 | 145,917 | 145,917 | 145,917 | 145,917 | - | - | - | |
17/49 |
35,477 | 101,425 | 43,503 | 39,352 | 29,846 | 44,644 | 33,816 | 330,886 | 298,053 | 488,275 | 534,270 | 559,301 | 593,058 | 5,020 | 9,206 | 13,776 | 29,954 | 211,989 | 340,994 | 409,096 | |
17 |
- | - | - | - | - | - | - | 64,000 | - | - | - | - | 375,000 | - | - | - | - | 18,934 | 227,507 | 312,515 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | 375,000 | - | - | - | - | 18,934 | 227,507 | 312,515 | |
178/9 |
- | - | - | - | - | - | - | 64,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
35,477 | 101,425 | 43,503 | 39,352 | 29,846 | 41,644 | 33,366 | 265,886 | 297,553 | 487,375 | 534,270 | 559,301 | 216,558 | 5,020 | 6,206 | 12,276 | 29,954 | 192,702 | 113,487 | 90,128 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 147,759 | 85,007 | 84,458 | |
43 |
- | - | - | - | - | - | - | 129,026 | - | 145,549 | 310,081 | 353,982 | 2,608 | - | 1,118 | - | - | - | 9,694 | 3,527 | |
430/8 |
- | - | - | - | - | - | - | 129,026 | - | 145,549 | 310,081 | 353,982 | 2,608 | - | 1,118 | - | - | - | 9,694 | 3,527 | |
44 |
393 | 65,039 | 5,484 | 9,250 | 952 | 25,000 | 5,046 | 30,199 | 37,064 | 4 | 31,100 | 11,100 | 504 | 1,532 | 3,683 | 5,115 | 25,390 | 5,180 | 1,360 | 24 | |
440/4 |
393 | 65,039 | 5,484 | 9,250 | 952 | 25,000 | 5,046 | 30,199 | 37,064 | 4 | 31,100 | 11,100 | 504 | 1,532 | 3,683 | 5,115 | 25,390 | 5,180 | 1,360 | 24 | |
45 |
25,000 | 26,302 | 37,092 | 25,723 | 28,894 | 16,644 | 27,715 | 3,411 | 157,195 | 156,499 | 5,608 | 1,342 | 294 | - | 707 | - | 4,564 | 4,652 | 4,802 | 2,119 | |
450/3 |
25,000 | 26,302 | 37,092 | 25,723 | 25,000 | - | - | 3,411 | 157,195 | 156,499 | 5,608 | 1,342 | 294 | - | 707 | - | 4,564 | 4,652 | 4,802 | 2,119 | |
454/9 |
- | - | - | - | 3,894 | 16,644 | 27,715 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
10,084 | 10,084 | 926 | 4,379 | - | - | 604 | 103,249 | 103,295 | 185,323 | 187,480 | 192,877 | 213,152 | 3,488 | 698 | 7,161 | - | 35,112 | 12,624 | - | |
492/3 |
- | - | - | - | - | 3,000 | 450 | 1,000 | 500 | 900 | - | - | 1,500 | - | 3,000 | 1,500 | - | 352 | - | 6,453 | |
| Income statement | |||||||||||||||||||||
9900 |
1,028 | -59,101 | -366 | -660 | -5,325 | -19,012 | 31,453 | 29,488 | 24,310 | 58,727 | 48,341 | 60,485 | -17,140 | -16,991 | -20,398 | -7,981 | 426,317 | 22,499 | 32,662 | 35,708 | |
630 |
- | - | - | - | - | - | - | 12,210 | 12,210 | 12,210 | 20,555 | 23,333 | 21,452 | 266 | 679 | 3,310 | 3,802 | 7,468 | 7,553 | 6,794 | |
640/8 |
120 | 505 | 493 | 450 | 101 | 3,392 | 32,787 | 1,081 | 1,310 | 1,875 | 2,114 | 2,205 | 18,990 | 306 | 254 | 254 | 2,197 | 4,357 | 4,453 | 4,555 | |
66A |
- | - | - | - | - | - | - | - | - | - | 6,388 | - | - | - | 3,894 | - | - | 62,239 | - | - | |
9901 |
908 | -59,606 | -859 | -1,109 | -5,426 | -22,404 | -1,334 | 16,198 | 10,790 | 44,642 | 25,671 | 34,947 | -57,582 | -17,563 | -21,330 | -11,545 | 420,317 | 10,675 | 20,656 | 24,359 | |
75/76B |
- | - | 1,762 | 7,500 | 7,500 | 7,501 | 4,531 | - | - | 1,875 | - | - | 13,200 | 18,496 | 22,545 | 14,664 | 6,434 | 5 | 1,805 | 445 | |
75 |
- | - | 1,762 | 7,500 | 7,500 | 7,501 | 4,531 | - | - | 1,875 | - | - | 13,200 | 18,496 | 22,545 | 14,664 | 6,434 | 5 | 1,805 | 445 | |
65/66B |
52 | 58 | 51 | 51 | 59 | 597 | 5,597 | 9,700 | 11,451 | 16,544 | 19,101 | 21,527 | 971 | 401 | 385 | 347 | 6,915 | 22,043 | 16,369 | 25,478 | |
65 |
52 | 58 | 51 | 51 | 59 | 597 | 5,597 | 9,700 | 11,451 | 16,544 | 19,101 | 21,527 | 971 | 401 | 385 | 347 | 6,915 | 22,043 | 16,369 | 25,478 | |
9903 |
856 | -59,664 | 852 | 6,340 | 2,015 | -15,500 | -2,400 | 6,498 | -661 | 29,972 | 181 | 13,419 | -45,353 | 532 | -3,064 | 2,771 | 419,837 | -73,602 | 6,092 | -674 | |
67/77 |
- | - | 1,302 | 723 | - | -0 | - | 7,318 | 1,769 | 156,499 | 5,589 | 291 | - | - | - | - | - | 1,002 | 4,182 | - | |
9904 |
856 | -59,664 | -451 | 5,618 | 2,015 | -15,500 | -2,400 | -820 | -2,429 | 6,257 | -1,030 | 17,506 | -32,474 | 532 | -3,064 | 2,771 | 273,921 | -74,604 | 1,910 | -674 | |
789 |
- | - | - | - | - | - | - | - | - | 257,872 | 8,501 | 8,501 | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 283,376 | - | - | - | |
9905 |
856 | -59,664 | -451 | 5,618 | 2,015 | -15,500 | -2,400 | -820 | -2,429 | 264,129 | 7,472 | 26,007 | -32,474 | 532 | -3,064 | 2,771 | -9,455 | -74,604 | 1,910 | -674 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-72,776 | -73,632 | -13,968 | -13,517 | -19,135 | -21,150 | -5,650 | -3,250 | -2,429 | 201,348 | -62,781 | -70,029 | -96,036 | -63,562 | -64,094 | -61,030 | -63,801 | -54,346 | 20,259 | 18,349 | |
14P |
-73,632 | -13,968 | -13,517 | -19,135 | -21,150 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | 201,348 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 201,348 | - | 224 | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 224 | - | - | - | - | - | - | - | - | |
6921 |
- | - | - | - | - | - | - | - | - | 201,348 | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | 201,348 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
- | - | 201,348 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-07-2026 | 2026-00263017 | |
| 31-12-2024 | abbreviated format | 07-07-2025 | 2025-00259176 | |
| 31-12-2023 | abbreviated format | 08-07-2024 | 2024-00231979 | |
| 31-12-2022 | abbreviated format | 03-07-2023 | 2023-00190859 | |
| 31-12-2021 | abbreviated format | 24-06-2022 | 2022-20120640 | |
| 31-12-2020 | abbreviated format | 01-07-2021 | 2021-29400556 | |
| 31-12-2019 | abbreviated format | 19-06-2020 | 2020-18700438 | |
| 31-12-2018 | abbreviated format | 08-07-2019 | 2019-31700096 | |
| 31-12-2017 | abbreviated format | 28-06-2018 | 2018-26700426 | |
| 31-12-2016 | abbreviated format | 28-06-2017 | 2017-23200239 | |
| 31-12-2015 | abbreviated format | 24-06-2016 | 2016-24300066 | |
| 31-12-2014 | abbreviated format | 03-07-2015 | 2015-27000360 | |
| 31-12-2013 | abbreviated format | 27-06-2014 | 2014-23400285 | |
| 31-12-2012 | abbreviated format | 12-07-2013 | 2013-30900197 | |
| 31-12-2011 | abbreviated format | 20-06-2012 | 2012-20100367 | |
| 31-12-2010 | abbreviated format | 20-06-2011 | 2011-19200002 | |
| 31-12-2009 | abbreviated format | 23-07-2010 | 2010-33800293 | |
| 31-12-2008 | abbreviated format | 31-07-2009 | 2009-53300150 | |
| 31-12-2007 | abbreviated format | 04-07-2008 | 2008-39000032 | |
| 31-12-2006 | abbreviated format | 13-06-2007 | 2007-23700195 | |
| 31-12-2005 | abbreviated format | 29-06-2006 | 2006-36001615 | |
| 31-12-2004 | abbreviated format | 20-07-2005 | 2005-52603797 | |
| 31-12-2003 | abbreviated format | 14-07-2004 | 2004-45500931 | |
| 31-12-2002 | abbreviated format | 29-07-2003 | 2003-52802721 | |
| 31-12-2001 | abbreviated format | 19-07-2002 | 2002-39604705 | |
| 31-12-2000 | abbreviated format | 02-08-2001 | 2001-47400386 | |
| 31-12-1999 | abbreviated format | 14-07-2000 | 2000-40200122 | |
| 31-12-1998 | abbreviated format | 25-08-1999 | 1999-42302798 | |
| 31-12-1997 | abbreviated format | 16-09-1998 | 1998-46900235 | |
| 31-12-1996 | abbreviated format | 24-09-1997 | 1997-44900638 | |
| 31-12-1995 | abbreviated format | 15-07-1996 | 1996-32600698 | |
| 31-12-1994 | abbreviated format | 17-10-1995 | 1995-54201184 | |
| 31-12-1993 | abbreviated format | 27-07-1994 | 1994-32700284 | |
| 31-12-1992 | abbreviated format | 29-09-1993 | 1993-37704721 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 270 | - | - | 0 | 0 | -355,813 | -8,334 | 18,953 | 948,890 | 0 | -7,894 | 0 | 14,396 | 1,250 | 2,037 | 396 | ||
| 132 | -1,961 | 1,430 | 408 | -1,719 | -10,373 | 10,069 | -2,769 | 4,194 | -24 | 887 | - | - | - | - | -7,923 | 5,802 | - | - | - | ||
| - | -50.5% | 37.1% | 85.2% | 88.1% | 83.1% | 87.4% | 41.8% | 44.5% | 33.0% | 26.0% | 25.3% | 20.8% | 60.8% | 60.1% | 59.7% | 57.1% | -17.8% | 11.1% | 9.0% | ||
| - | - | -1.8% | 2.5% | 0.9% | -7.1% | -1.0% | -0.3% | -1.0% | 2.6% | -0.4% | 7.4% | -16.8% | 0.2% | -1.3% | 1.2% | 117.1% | - | 4.5% | -1.7% | ||
| - | -88.6% | -0.7% | 2.1% | 0.8% | -5.9% | -0.9% | -0.1% | -0.5% | 0.9% | -0.1% | 1.9% | -3.5% | 0.1% | -0.8% | 0.7% | 66.8% | -41.4% | 0.5% | -0.1% |
The ratios are withheld because a balance sheet total of €2,282 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €270 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on PAPET
The operating result for 2025 is a profit of €908, after a loss of €59,606 in 2024. It is the highest result since 2018.
Equity is negative. Debt (€35,477) exceeds the balance-sheet total (€2,282).