PAPINGLOO INVEST
ActivePAPINGLOO INVEST has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.06M and a net result of €18k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 9114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-3
Solvency81▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.16 in 2024; short-term debt: 42.3% and cash: 0.4% of total assets), and 44.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
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
55.5%
Return on assets
0.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
43 d early
2023
13 d early
2022
18 d early
2021
34 d early
2020
31 d early
2019
37 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.06M▲ 1.7%
2024 · €1.04M
2019: €747k
2020: €779k
2021: €820k
2022: €840k
2023: €869k
2024: €1.04M
2019 → 2025
Total assets
€1.91M▼ 0.1%
2024 · €1.91M
2019: €1.85M
2020: €1.94M
2021: €1.93M
2022: €1.84M
2023: €1.81M
2024: €1.91M
2019 → 2025
Net result
€18k▲ 20.5%
2024 · €15k
2019: €10k
2020: €32k
2021: €41k
2022: €20k
2023: €29k
2024: €15k
2019 → 2025
Working capital
€-675k▲ 2.4%
2024 · €-691k
2019: €-843k
2020: €-749k
2021: €-820k
2022: €-801k
2023: €-778k
2024: €-691k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€820k-€840k▲ 2.5%€869k▲ 3.4%€1.04M▲ 19.8%€1.06M▲ 1.7%
Operating result€100k-€68k▼ 31.5%€78k▲ 14.5%€71k▼ 9.3%€87k▲ 22.8%
Net result€41k-€20k▼ 50.6%€29k▲ 42.0%€15k▼ 48.6%€18k▲ 20.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.91M
Fixed assets
€1.78M▼ 0.3%
Current assets
€132k▲ 3.1%
Equity and liabilities €1.91M
Equity
€1.06M▲ 1.7%
Debt
€849k▼ 2.2%
The debt ratio falls from 45.5% to 44.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€177k▲
2024 · €166k
Cash flow
€108k▼
2024 · €110k
Solvency
55.5%▲
2024 · 54.5%
Current ratio
0.16▲
2024 · 0.16
Quick ratio
0.15▲
2024 · 0.14
Debt / equity
0.80▼
2024 · 0.83
ROE
1.7%▲
2024 · 1.4%
ROA
0.9%▲
2024 · 0.8%
Interest coverage
2.84▼
2024 · 3.29
Debt
€849k▼
2024 · €868k
Debt ≤ 1 year
€807k▼
2024 · €819k
Income taxes
€8k▲
2024 · €6k
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€1.91M€1.91M▼
Fixed assets21/28€1.78M€1.78M▼
Tangible fixed assets22/27€1.78M€1.78M▼
Land and buildings22€1.73M€1.76M▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€47k€12k▼
Current assets29/58€128k€132k▲
Stocks and contracts in progress3€12k€11k▼
Stocks30/36€12k€11k▼
Amounts receivable within one year40/41€39k€63k▲
Trade receivables40€29k€59k▲
Other amounts receivable41€10k€3k▼
Current investments50/53€30k€15k▼
Cash at bank and in hand54/58€45k€8k▼
Deferred charges and accrued income490/1€3k€36k▲
Equity and liabilities
Total equity and liabilities10/49€1.91M€1.91M▼
Equity10/15€1.04M€1.06M▲
Contributions10/11€703k€703k=
Reserves13€320k€338k▲
Non-distributable reserves130/1€0-
Other1319€0-
Tax-exempt reserves132€31k€31k=
Distributable reserves133€289k€307k▲
Profit (loss) carried forward14€18k€18k=
Amounts payable17/49€868k€849k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€819k€807k▼
Current portion of amounts payable after more than one year42€25k€0▼
Financial debts43€1k€2k▲
Credit institutions430/8€1k€2k▲
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€2k€20k▲
Taxes450/3€2k€20k▲
Other amounts payable47/48€788k€783k▼
Accrued charges and deferred income492/3€49k€42k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€90k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€169k€181k▲
Operating profit (loss)9901€71k€87k▲
Financial income75/76B€0€960▲
Recurring financial income75€0€960▲
Financial charges65/66B€50k€62k▲
Recurring financial charges65€50k€62k▲
Profit (loss) for the period before taxes9903€20k€26k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€15k€18k▲
Profit (loss) for the period to be appropriated9905€15k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€36k▲
Profit (loss) brought forward from the previous period14P-€18k
Transfer from equity791/2€18k€0▼
Transfer to equity691/2€15k€18k▲
To other reserves6921€15k€18k▲
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €1MEq €1.04M ▲19.8%
6 profitable years in a row build equity to €1.04M.
2023
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2019net €41k ▲26.4%
Operating result €100k, net result €41k, both a record.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-09
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
5 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, Maldegem · 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.
Torredreef 199990 MaldegemGround area
4,283 m²
Building footprint
199 m²
Volume, LiDAR
1,085 m³
Parcel 43502E1283/00A000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PAPINGLOO INVEST
since 20112.202.050.745
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43502E1283/00A000 | Flanders | 4,283 m² | 1 · 199 m² | 9.5 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 7,320 companies in sector 68110 we hold annual accounts for 5,380. 3,185 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-08-2011
Fiscal year end31-03
Activities, NACEBEL
68110Buying and selling of own real estate
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 13 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.
Contact details
1 entryPhone:0476907745