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PAPIER DE SABLE

Active
Private limited companyfounded 200818 yrs activeThy 18, 1470 Genappe, BelgiumKBO/BCE: BE 0898.288.591
Summary

PAPIER DE SABLE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64,676 and a net result of €9,619. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 33831 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch ReportCompare
PAPIER DE SABLEActiveChecked score 83/100
Risk analysis ReportCompare

Overview

Activity
Joinery installation
NACE 43320Manufacture of dining room, living room, bedroom and bathroom furniture NACE 31004NACE 31091
1 site
Size
€423,418total assets 2025
Equity
€64,676
Profit
€9,619
Turnover not published (abridged schema)
Financial health
83 Excellent Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Accounts 14 d early0 of 2 deeds read
Why 83- Sector Specialised construction activities (NACE 43)- Equity €64,676 (15.3% of total assets)+ Size: total assets €423,418+ Founded in 2008Show the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Better than 41% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 40+1
equity 15.3% of total assets
Liquidity 48=
short-term debt 17.2% · cash 2.2%
Profitability 72-6
return on assets 2.3%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,133 companies)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● 0.0% vs 11-2024 01-2025: 0.5%▲ +4.9% vs 12-2024 02-2025: 0.5%▲ +3.2% vs 01-2025 03-2025: 0.5%▼ -4.3% vs 02-2025 04-2025: 0.6%▲ +27.3% vs 03-2025 05-2025: 1.0%▲ +60.2% vs 04-2025highest value 06-2025: 0.4%▼ -59.7% vs 05-2025 07-2025: 0.4%● 0.0% vs 06-2025 08-2025: 0.4%● 0.0% vs 07-2025 09-2025: 0.4%● 0.0% vs 08-2025 10-2025: 0.4%● 0.0% vs 09-2025 11-2025: 0.4%▲ +6.7% vs 10-2025 12-2025: 0.4%● 0.0% vs 11-2025 01-2026: 0.5%▲ +7.5% vs 12-2025 02-2026: 0.5%▲ +1.7% vs 01-2026 03-2026: 0.4%▼ -4.5% vs 02-2026 04-2026: 0.6%▲ +33.8% vs 03-2026 05-2026: 0.4%▼ -36.6% vs 04-2026lowest value 06-2026: 0.4%● 0.0% vs 05-2026lowest value 07-2026: 0.4%● 0.0% vs 06-2026lowest value 08-2026: 0.4%● 0.0% vs 07-2026lowest value 09-2026: 0.4%● 0.0% vs 08-2026lowest value 10-2026: 0.4%● 0.0% vs 09-2026lowest value
  • Size: total assets €423,418 lowers the probability for this profile
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Founded in 2008 lowers the probability for this profile
  • Equity €64,676 (15.3% of total assets) raises the probability
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 0.93 in 2024; short-term debt: 17.2% and cash: 2.2% of total assets), and 84.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 18%, liquidity 40%, profitability 41%, growth against the median 65%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €423,418
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 2008
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Equity €64,676 (15.3% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 33831 sector peers (2025).
NBB · sector comparison
Position among 33831 sector peers
Solvency
better than 18%
← weakest strongest →
lowers risk · 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
19202122232425
2019 to 2025 · latest year €64,676
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-04-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 d early
2024
on the day
2023
12 d early
2022
16 d early
2021
1 d early
2020
7 d early
2019
on the day
← 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 7 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 19 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close04-10-2026 today30-04-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Highest result since 2019net €28,988 ▲76.4%

Key points

  • Caution: Among the weakest 18% on solvencysector median 47.1% · 33,831 companies 15.3% View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View
  • Total assets 20256 fiscal years filed €423,418 View

By topic

Financials

Fiscal year
2025
Total assets
€423,418
Profit
€9,619
Solvency
15.3%
Total assets▲ 4.0%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 30-04-2027
  1. 16-04-2026Annual accounts filed
  2. 30-04-2025Annual accounts filed
  3. 30-09-2024Highest result since 2019
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
27-05-2008
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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