PAPETIMMO
ActiveThe computed 12-month bankruptcy probability of PAPETIMMO is 1.8% (moderate). The annual accounts of PAPETIMMO for fiscal year 2024 show a net loss of 53% of the equity at the start of that year. The 2024 annual accounts show equity of €21k and a net result of €-24k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 42% of 26046 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
30
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-2
Solvency48▼-35
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.18 against 2.06 in 2023; short-term debt: 77.2% and cash: 4.5% of total assets), and 77.2% of the assets are financed with debt.
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
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 2024Solvency, return and age of the figures
Solvency
22.8%
Return on assets
-25.8%
Age of the figures
21 mo
raises risk · 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 →
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-24k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
91 d late
2021
131 d late
2020
496 d late
2019
145 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€21k▼ 53.2%
2023 · €45k
2018: €34k
2019: €24k
2020: €48k
2021: €65k
2022: €56k
2023: €45k
2018 → 2024
Total assets
€93k▲ 18.4%
2023 · €79k
2018: €73k
2019: €49k
2020: €72k
2021: €90k
2022: €82k
2023: €79k
2018 → 2024
Net result
€-24k▼ 134%
2023 · €-10k
2018: €681
2019: €-10k
2020: €25k
2021: €16k
2022: €-9k
2023: €-10k
2018 → 2024
Working capital
€13k▼ 63.8%
2023 · €35k
2018: €17k
2019: €10k
2020: €38k
2021: €56k
2022: €47k
2023: €35k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€48k-€65k▲ 33.6%€56k▼ 14.1%€45k▼ 18.5%€21k▼ 53.2%
Operating result€33k-€26k▼ 22.0%€-8k€-8k▲ 3.5%€-22k▼ 183%
Net result€25k-€16k▼ 33.8%€-9k€-10k▼ 13.1%€-24k▼ 134%
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 €22k in 2024 against €8k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €93k
Fixed assets
€8k▼ 15.7%
Current assets
€85k▲ 23.3%
Equity and liabilities €93k
Equity
€21k▼ 53.2%
Debt
€72k▲ 115%
The debt ratio rises from 42.5% to 77.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-20k▼
2023 · €-6k
Cash flow
€-22k▼
2023 · €-9k
Solvency
22.8%▼
2023 · 57.5%
Current ratio
1.18▼
2023 · 2.06
Quick ratio
0.95▼
2023 · 1.61
Debt / equity
3.39▲
2023 · 0.74
ROE
-113.5%▼
2023 · -22.7%
ROA
-25.8%▼
2023 · -13.1%
Interest coverage
-6.28▼
2023 · -2.32
Debt
€72k▲
2023 · €33k
Debt ≤ 1 year
€72k▲
2023 · €33k
Income taxes
€163▼
2023 · €768
Staff costs
€45k▲
2023 · €39k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€79k€93k▲
Fixed assets21/28€10k€8k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€1k€427▼
Financial fixed assets28€7k€7k▲
Current assets29/58€69k€85k▲
Stocks and contracts in progress3€15k€16k▲
Stocks30/36€15k€16k▲
Amounts receivable within one year40/41€44k€64k▲
Trade receivables40€4k€19k▲
Other amounts receivable41€40k€45k▲
Cash at bank and in hand54/58€9k€4k▼
Deferred charges and accrued income490/1€616€691▲
Equity and liabilities
Total equity and liabilities10/49€79k€93k▲
Equity10/15€45k€21k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€37k€13k▼
Amounts payable17/49€33k€72k▲
Amounts payable within one year42/48€33k€72k▲
Current portion of amounts payable after more than one year42€1k€1k▼
Trade debts44€9k€33k▲
Suppliers440/4€9k€33k▲
Taxes, remuneration and social security45€22k€24k▲
Taxes450/3€6k€3k▼
Remuneration and social security454/9€16k€21k▲
Other amounts payable47/48€1k€14k▲
Accrued charges and deferred income492/3€70-
Income statement
Code20232024
Remuneration, social security and pensions62€39k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€509€387▼
Gross operating margin9900€33k€25k▼
Operating profit (loss)9901€-8k€-22k▼
Financial income75/76B€715€858▲
Recurring financial income75€715€858▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-10k€-24k▼
Income taxes67/77€768€163▼
Profit (loss) for the period9904€-10k€-24k▼
Profit (loss) for the period to be appropriated9905€-10k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€13k▼
Profit (loss) brought forward from the previous period14P€47k€37k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 131 days late
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 496 days late
2020
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 145 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2007
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.
Victor Allardstraat 1121180 UkkelGround area
108 m²
Building footprint
74 m²
Volume, LiDAR
757 m³
Parcel 21616A0160/00W002, Brussels · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LIBRAIRIE CHARLEMAGNE
since 20072.162.802.664
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0160/00W002 | Brussels | 108 m² | 1 · 74 m² | 13.9 m · 4 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 2,348 companies in sector 47621 we hold annual accounts for 1,246. 951 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-04-2007
Fiscal year end31-12
Activities, NACEBEL
47620Retail trade
47621Retail sale of newspapers and periodicals
52470
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.