Papiko Holding
ActivePapiko Holding is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €10.26M and a net result of €22k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 95% of 8592 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · 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 27-08-2026, 27 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 filingsDeviation from the deadline
2025
27 d late
2024
6 d early
2023
29 d early
2022
on the day
2021
19 d late
2020
30 d late
2019
26 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€10.26M=
2024 · €10.26M
2018: €15.17M
2019: €15.23M
2020: €10.23M
2021: €10.23M
2022: €10.24M
2023: €10.24M
2024: €10.26M
2018 → 2025
Net result
€22k▲ 46.6%
2024 · €15k
2018: €4.71M
2019: €58k
2020: €-3k
2021: €2k
2022: €5k
2023: €7k
2024: €15k
2018 → 2025
Total assets
€10.38M▼ 29.3%
2024 · €14.67M
2018: €24.15M
2019: €24.19M
2020: €22.03M
2021: €14.63M
2022: €17.73M
2023: €16.17M
2024: €14.67M
2018 → 2025
Solvency
98.8%▲ 28.9pp
2024 · 69.9%
2018: 62.8%
2019: 63.0%
2020: 46.4%
2021: 69.9%
2022: 57.7%
2023: 63.3%
2024: 69.9%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€10.23M-€10.24M▲ 0.1%€10.24M▲ 0.1%€10.26M▲ 0.1%€10.26M=
Operating result€3k-€4k▲ 35.0%€4k▲ 12.8%€17k▲ 325%€30k▲ 75.0%
Net result€2k-€5k▲ 173%€7k▲ 25.5%€15k▲ 113%€22k▲ 46.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 75% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.38M
Fixed assets
€10.31M▲ 0.6%
Current assets
€66k▼ 98.5%
Equity and liabilities €10.38M
Equity
€10.26M=
Debt
€123k▼ 97.2%
The debt ratio falls from 30.1% to 1.2%: debt is paid down.
Key figures and ratios
Solvency
98.8%▲
2024 · 69.9%
ROE
0.2%▲
2024 · 0.1%
ROA
0.2%▲
2024 · 0.1%
Debt
€123k▼
2024 · €4.42M
Debt ≤ 1 year
€123k▼
2024 · €363k
Debt > 1 year
€0▼
2024 · €4.05M
Income taxes
€8k▲
2024 · €7k
Staff costs
€88k▼
2024 · €93k
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€14.67M€10.38M▼
Fixed assets21/28€10.25M€10.31M▲
Tangible fixed assets22/27-€66k
Furniture and vehicles24-€66k
Financial fixed assets28€10.25M€10.25M=
Current assets29/58€4.42M€66k▼
Amounts receivable after more than one year29€4.12M€0▼
Other amounts receivable291€4.12M€0▼
Amounts receivable within one year40/41€611€10k▲
Trade receivables40€0€992▲
Other amounts receivable41€611€9k▲
Cash at bank and in hand54/58€298k€53k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€14.67M€10.38M▼
Equity10/15€10.26M€10.26M=
Contributions10/11€7.10M€7.10M=
Reserves13€3.16M€3.16M=
Distributable reserves133€3.16M€3.16M=
Profit (loss) carried forward14-€0
Amounts payable17/49€4.42M€123k▼
Amounts payable after more than one year17€4.05M€0▼
Financial debts170/4€4.05M€0▼
Amounts payable within one year42/48€363k€123k▼
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€98k€19k▼
Taxes450/3€84k€5k▼
Remuneration and social security454/9€14k€14k▼
Other amounts payable47/48€264k€100k▼
Accrued charges and deferred income492/3€5k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€93k€88k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€1k€1k▲
Gross operating margin9900€112k€121k▲
Operating profit (loss)9901€17k€30k▲
Financial income75/76B€275k€47k▼
Recurring financial income75€275k€47k▼
Financial charges65/66B€270k€48k▼
Recurring financial charges65€270k€48k▼
Profit (loss) for the period before taxes9903€22k€29k▲
Income taxes67/77€7k€8k▲
Profit (loss) for the period9904€15k€22k▲
Profit (loss) for the period to be appropriated9905€15k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€22k▲
Transfer to equity691/2€15k€2k▼
To other reserves6921€15k€2k▼
Profit to be distributed694/7-€20k
Employees696-€20k
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 13.87
Current ratio from 2.22 to 13.87; short-term debt falls from €5.31M to €316k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-3k ▼105%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Oud-Turnhout · 1 establishment unit since 2008
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.
Spechtendreef 92360 Oud-TurnhoutGround area
2,242 m²
Building footprint
373 m²
Volume, LiDAR
2,482 m³
Parcel 13482F1177/00Z012, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Papiko Holding
since 20082.176.186.288
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F1177/00Z012 | Flanders | 2,242 m² | 1 · 373 m² | 10.4 m · 2 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 24,636 companies in sector 64210 we hold annual accounts for 19,688. 5,951 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2008
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.