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PAPIER HOVA

Active
Private limited companyfounded 2000active for 26 yearsPatrick Wagnonlaan(L) 3, 7700 Mouscron, BelgiumKBO/BCE: BE 0471.888.865
Summary

PAPIER HOVA has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €217,978. Equity has been growing by about 9.9% per year since 2019. Its solvency ranks better than 63% of 95 sector peers (NACE 17, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 10-05-2000 Normal situation
Activity
Manufacture of paper and paper products NACE 17210and 1 other
Joint committees
222 Paritair Comité voor de bedienden van de papier- en kartonbewerking
136 Paritair Comité voor de papier- en kartonbewerking · annual accounts 30-06-2023
Establishment unit
2.094.030.258 7700 Mouscron, since 09-10-2000
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board
  • ALVI-INVESTDirector · permanent representative LOTTIN Jean-François

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€1.5m
▲ 27.2%
Turnover
≈ €2.5m
estimated
Profit
€217,978
▲ 105%
Equity
€1.8m
▲ 6.9%
Total assets
€3.0m
▲ 5.3%
Employees on 31-12-2025
12
▼ 7.7%
Score breakdownlowers riskLiquidity: current ratio 3.90, cash €405,626Founded in 2000Equity €1.8m (60.7% of total assets)Profit of €217,978 (financial year 2025)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 68% of small companies in paper (NACE 17)
Financial strength · tick: 2024
Strong
Solvency 86+1
equity 60.7% of total assets
Liquidity 62+10
short-term debt 17.0% · cash 13.5%
Profitability 78+5
return on assets 7.2%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (59 companies, NACE 17, small)
Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.4%▲ +0.1 percentage points vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.2 percentage points vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025 09-2025: 1.1%▲ +0.2 percentage points vs 08-2025highest value 10-2025: 0.2%▼ -0.9 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: < 0.1%▼ -0.3 percentage points vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.9 (3.12 in 2024), above the usual 1.5. Short-term debt is 17% and cash 13.5% of total assets. 39.3% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 17, small). It does better than 61% of them on solvency, 75% on liquidity, 74% on profitability and 60% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 3.90, cash €405,626
NBB · annual accounts
lowers risk · Founded in 2000
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €1.8m (60.7% of total assets)
NBB · annual accounts
lowers risk · Profit of €217,978 (financial year 2025)
NBB · annual accounts
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
29 days late
2023
5 days early
2023
34 days early
2022
7 days early
2021
on the day
2020
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 17), the median for financial year 2024 was 13 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (3 of the last 3 accounts filed within 33 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025from €106,266 to €217,978 ▲ 105% View
  • Positive: 8 profitable years in a rowprofit 2025: €217,978 8 years View

Recent changes

  1. · Gazette deed 1 director resigning, 1 reappointedResignation: ALVI-INVEST (manager) · Reappointment: ALVI-INVEST (director) · Permanent representative: LOTTIN Jean-François
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as PAPIER HOVA: manufacture of paper and paper products (NACE 17210). They are comparable in size and age: total assets between €1.7m and €4.9m, founded between 1989 and 2001.

CompanyTotal assetsGross margin
PAPIER HOVA Mouscron€3.0m€1.5m
LUXEVERPAKKINGEN DE COSTER Halen€3.5m€1.5m
IMPREPACK CARTONNAGES EN IMPRIMERIE WINDERICKX Sint-Jans-Molenbeek€3.2m€1.2m
R.C. VAN DER KRAAN Antwerpen€1.7m€1.2m
Belgian Paper Convertors Sint-Katelijne-Waver€3.9m€1.5m
WEFOLD METTET Mettet€4.9m€1.4m
MOL D'ART Diest€4.0m€1.4m
Full comparison

Key facts about PAPIER HOVA

What is the company number of PAPIER HOVA?
The company number of PAPIER HOVA is 0471.888.865. The VAT number is the same number with BE in front: BE 0471.888.865.
Where is PAPIER HOVA based?
The registered office is at Patrick Wagnonlaan(L) 3, 7700 Mouscron.Company details
What does PAPIER HOVA do?
According to the KBO register, the main activity is manufacture of paper and paper products (NACE 17210).
What is the legal form of PAPIER HOVA?
The legal form of PAPIER HOVA is Private limited company (BV).
When was PAPIER HOVA founded?
PAPIER HOVA was founded on 10-05-2000.
Is PAPIER HOVA still active?
Yes, PAPIER HOVA is an active enterprise in the KBO register.
How many employees does PAPIER HOVA have?
PAPIER HOVA had an average of 12 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does PAPIER HOVA fall under?
In its 30-06-2023 annual accounts, PAPIER HOVA states joint committees 222 (Paritair Comité voor de bedienden van de papier- en kartonbewerking) and 136 (Paritair Comité voor de papier- en kartonbewerking).
What is the turnover of PAPIER HOVA?
The turnover in financial year 2025 is ≈ €2.5m. This figure is estimated from the gross margin of €1.5m and 1,584 comparable companies of the same size. It probably lies between €1.7m and €4.2m. It is a rough estimate.
Is PAPIER HOVA profitable?
In financial year 2025, PAPIER HOVA made a profit of €217,978.
Where can I find the annual accounts of PAPIER HOVA?
PAPIER HOVA filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PAPIER HOVA due?
PAPIER HOVA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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