Papilio & Co.
ActivePapilio & Co. has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147k and a net result of €28k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 65% of 18207 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+1
Solvency77▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 4.7 against 2.64 in 2024; short-term debt: 9.8% and cash: 29.7% of total assets), and 48.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.5%
Return on assets
9.8%
Age of the figures
9 mo
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
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
20 d late
2023
30 d late
2022
29 d late
2021
31 d late
2020
1 d early
2019
28 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€147k▲ 23.5%
2024 · €119k
2018: €105k
2019: €136k
2020: €143k
2021: €135k
2022: €137k
2023: €156k
2024: €119k
2018 → 2025
Total assets
€286k▲ 0.5%
2024 · €285k
2018: €258k
2019: €341k
2020: €342k
2021: €333k
2022: €330k
2023: €333k
2024: €285k
2018 → 2025
Net result
€28k▲ 10.4%
2024 · €25k
2018: €32k
2019: €31k
2020: €16k
2021: €-8k
2022: €2k
2023: €19k
2024: €25k
2018 → 2025
Working capital
€104k▲ 52.5%
2024 · €68k
2018: €96k
2019: €155k
2020: €109k
2021: €75k
2022: €84k
2023: €102k
2024: €68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€135k-€137k▲ 1.4%€156k▲ 14.3%€119k▼ 23.4%€147k▲ 23.5%
Operating result€-4k-€6k€30k▲ 380%€41k▲ 36.2%€41k▲ 0.2%
Net result€-8k-€2k€19k▲ 941%€25k▲ 30.4%€28k▲ 10.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €286k
Fixed assets
€155k▼ 11.8%
Current assets
€131k▲ 20.3%
Equity and liabilities €286k
Equity
€147k▲ 23.5%
Debt
€139k▼ 16.1%
The debt ratio falls from 58.0% to 48.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64k▲
2024 · €63k
Cash flow
€51k▲
2024 · €47k
Solvency
51.5%▲
2024 · 42.0%
Current ratio
4.70▲
2024 · 2.64
Quick ratio
4.70▲
2024 · 2.64
Debt / equity
0.94▼
2024 · 1.38
ROE
19.0%▼
2024 · 21.2%
ROA
9.8%▲
2024 · 8.9%
Interest coverage
54.36▲
2024 · 35.22
Debt
€139k▼
2024 · €165k
Debt ≤ 1 year
€28k▼
2024 · €41k
Debt > 1 year
€111k▼
2024 · €124k
Income taxes
€12k▼
2024 · €14k
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€285k€286k▲
Fixed assets21/28€175k€155k▼
Tangible fixed assets22/27€175k€154k▼
Land and buildings22€152k€138k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€5k€2k▼
Other tangible fixed assets26€11k€10k▼
Financial fixed assets28€750€750=
Current assets29/58€109k€131k▲
Amounts receivable after more than one year29€2k€1k▼
Trade receivables290€2k€1k▼
Amounts receivable within one year40/41€43k€44k▲
Trade receivables40€30k€31k▲
Other amounts receivable41€13k€13k▼
Cash at bank and in hand54/58€62k€85k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€285k€286k▲
Equity10/15€119k€147k▲
Contributions10/11€6k€6k=
Reserves13€106k€135k▲
Distributable reserves133€106k€135k▲
Profit (loss) carried forward14€7k€7k=
Amounts payable17/49€165k€139k▼
Amounts payable after more than one year17€124k€111k▼
Financial debts170/4€124k€111k▼
Amounts payable within one year42/48€41k€28k▼
Current portion of amounts payable after more than one year42€13k€13k▲
Financial debts43€417€542▲
Credit institutions430/8€417€542▲
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€18k€11k▼
Taxes450/3€18k€11k▼
Other amounts payable47/48€8k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€23k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€64k€65k▲
Operating profit (loss)9901€41k€41k▲
Financial income75/76B€173€200▲
Recurring financial income75€173€200▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€39k€40k▲
Income taxes67/77€14k€12k▼
Profit (loss) for the period9904€25k€28k▲
Profit (loss) for the period to be appropriated9905€25k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€35k▲
Profit (loss) brought forward from the previous period14P€7k€7k=
Transfer from equity791/2€62k€0▼
Transfer to equity691/2€25k€28k▲
To other reserves6921€25k€28k▲
Profit to be distributed694/7€62k€0▼
Return on contributions (dividend)694€62k€0▼
The notes to these accounts (15 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €150kEq €156k ▲14.3%
2 profitable years in a row build equity to €156k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-8k ▼149%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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, Gent · 1 establishment unit since 2014
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.
Kopenhagenstraat 49000 GentGround area
3,244 m²
Building footprint
1,928 m²
Volume, LiDAR
819 m³
Parcel 44021A3417/00S002, Flanders · tallest building 4.3 m. Linked by address, not a title deed.
1 establishment unit
PAPILIO CONSULTING
since 20142.233.072.632
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3417/00S002 | Flanders | 3,244 m² | 1 · 1,928 m² | 4.3 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 128 EUR awarded · 128 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 45 EUR | 45 EUR |
| 2022 | 1 | 83 EUR | 83 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.233.072.632
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MISTER GENIUS
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Of 3,227 companies in sector 47400 we hold annual accounts for 1,806. 1,405 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2014
Fiscal year end31-12
Activities, NACEBEL
47400Retail sale of information and communication equipment
47410Retail trade
46213Wholesale trade
47750Retail sale of cosmetics and toilet articles
62010Computer programming, consultancy and related activities
62020IT consultancy
62030Computer programming, consultancy and related activities
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
74209Other photographic activities
82300Organisation of conventions and trade shows
82990Other business support services
85593Socio-cultural adult education
85599Other education
93299Other amusement and recreation activities
96022Beauty treatment
96999Other personal services
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.