PAPILIUM
ActivePAPILIUM has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €-62k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 38% of 8578 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency75▼-22
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 2.24 in 2024), but 61.2% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 · 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 2025Solvency, return and age of the figures
Solvency
38.8%
Return on assets
-16%
Age of the figures
10 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€62k
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 31-03-2026, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
61 d early
2024
60 d early
2023
73 d early
2022
77 d early
2021
62 d early
2020
66 d early
2019
55 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-10-2026 close31-05-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€151k▼ 29.2%
2024 · €214k
2018: €198k
2019: €199k
2020: €208k
2021: €227k
2022: €228k
2023: €238k
2024: €214k
2018 → 2025
Total assets
€390k▼ 1.7%
2024 · €397k
2018: €584k
2019: €619k
2020: €505k
2021: €557k
2022: €497k
2023: €512k
2024: €397k
2018 → 2025
Net result
€-62k▼ 158%
2024 · €-24k
2018: €214k
2019: €71k
2020: €39k
2021: €159k
2022: €101k
2023: €52k
2024: €-24k
2018 → 2025
Working capital
€147k▼ 28.9%
2024 · €206k
2018: €206k
2019: €204k
2020: €213k
2021: €231k
2022: €232k
2023: €242k
2024: €206k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€227k-€228k▲ 0.5%€238k▲ 4.1%€214k▼ 10.2%€151k▼ 29.2%
Operating result€177k-€116k▼ 34.4%€70k▼ 40.2%€-21k€-55k▼ 169%
Net result€159k-€101k▼ 36.4%€52k▼ 48.9%€-24k€-62k▼ 158%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €55k in 2025 against €21k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €390k
Fixed assets
€21k▼ 8.5%
Current assets
€368k▼ 1.3%
Equity and liabilities €390k
Equity
€151k▼ 29.2%
Debt
€239k▲ 30.3%
The debt ratio rises from 46.2% to 61.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-44k▼
2024 · €-13k
Cash flow
€-51k▼
2024 · €-17k
Solvency
38.8%▼
2024 · 53.8%
Current ratio
1.66▼
2024 · 2.24
Quick ratio
1.66▼
2024 · 2.24
Debt / equity
1.58▲
2024 · 0.86
ROE
-41.3%▼
2024 · -11.3%
ROA
-16.0%▼
2024 · -6.1%
Interest coverage
-7.42▼
2024 · -5.26
Debt
€239k▲
2024 · €183k
Debt ≤ 1 year
€222k▲
2024 · €167k
Income taxes
€2k▲
2024 · €1k
Staff costs
€593k▲
2024 · €483k
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€397k€390k▼
Fixed assets21/28€23k€21k▼
Tangible fixed assets22/27€23k€21k▼
Furniture and vehicles24€23k€21k▼
Current assets29/58€373k€368k▼
Amounts receivable within one year40/41€261k€262k▲
Trade receivables40€251k€262k▲
Other amounts receivable41€9k€536▼
Cash at bank and in hand54/58€21k€93k▲
Deferred charges and accrued income490/1€92k€13k▼
Equity and liabilities
Total equity and liabilities10/49€397k€390k▼
Equity10/15€214k€151k▼
Contributions10/11€100k€100k=
Reserves13€114k€51k▼
Distributable reserves133€114k€51k▼
Amounts payable17/49€183k€239k▲
Amounts payable within one year42/48€167k€222k▲
Current portion of amounts payable after more than one year42€3k€3k=
Financial debts43-€50k
Credit institutions430/8-€50k
Trade debts44€118k€50k▼
Suppliers440/4€118k€50k▼
Taxes, remuneration and social security45€47k€68k▲
Taxes450/3€22k€32k▲
Remuneration and social security454/9€24k€37k▲
Other amounts payable47/48€118€51k▲
Accrued charges and deferred income492/3€16k€17k▲
Income statement
Code20242025
Remuneration, social security and pensions62€483k€593k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€11k▲
Other operating charges640/8€804€887▲
Gross operating margin9900€471k€550k▲
Operating profit (loss)9901€-21k€-55k▼
Financial income75/76B€316€422▲
Recurring financial income75€316€422▲
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€-23k€-61k▼
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€-24k€-62k▼
Profit (loss) for the period to be appropriated9905€-24k€-62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-62k▼
Transfer from equity791/2€24k€62k▲
Social balance
Average headcount (FTE)90878.08.0=
The notes to these accounts (8 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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-10
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-10
Financial
Equity above €200kEq €208k ▲4.5%
3 profitable years in a row build equity to €208k.
06-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Martens-Latem · 1 establishment unit since 2011
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.
Molenstraat 29830 Sint-Martens-LatemGround area
3,191 m²
Building footprint
256 m²
Volume, LiDAR
1,122 m³
Parcel 44064B0413/00F000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PAPILIUM
since 20112.195.678.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0413/00F000 | Flanders | 3,191 m² | 1 · 256 m² | 8.6 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600H359AQZ1THEY84
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 40,654 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2010
Fiscal year end31-10
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.