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PAPPERAS

Active Private limited companyfounded 2021active for 4 yearsKoksijdesteenweg 74, 8670 KoksijdeKBO/BCE: BE 0777.351.664
PAPPERAS
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 28-07-2026, 3 days before the deadline
€1.1m
▲ 18.8%
€491,208
▲ 35.9%
€344,131
▲ 29.0%
€201,110
▼ 68.4%
25.1%
▼ 20.8 percentage points
2.19
▼ 2.72

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.7m. Estimated: probably between €1.3m and €2.5m.

Balance sheet

balance sheet total €737,802 on 31-12-2025
What the company ownsHow it is paid for

in euro

in €m

Position in the sector

Compare with sector

25.1%

Higher than 35% of 2,829 companies in 2025.

2.19

Higher than 65% of 2,718 companies in 2025.

46.6%

Higher than 95% of 2,776 companies in 2025.

PAPPERAS Middle half of the sector 80% of the sector Abbreviated accounts in office administrative support (NACE 82)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

€69,883

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2025, 4 people joined and 4 left. Training hours in 2025: 908.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022
Balance sheet: assets
20/58 737,8021.3m1.2m1.0m
20 --0121
21/28 367,084482,582588,632638,526
21 257,378343,092428,806514,521
22/27 106,807136,590156,926121,606
23 20,82141,18663,01083,393
24 13,65412,61617,5693,483
26 72,33182,78876,34734,729
28 2,9002,9002,9002,400
29/58 370,717800,669653,338373,049
40/41 54,93565,28840,61259,732
40 54,86365,26439,89834,146
41 722471425,586
50/53 250,5410440,000-
54/58 56,944728,299165,639313,317
490/1 8,2987,0837,087-
Balance sheet: equity and liabilities
10/49 737,8021.3m1.2m1.0m
10/15 185,368589,384350,304160,847
10/11 20,00020,00020,00020,000
13 165,368569,384330,304140,847
130/1 102,630---
1319 102,630---
133 62,739569,384330,304140,847
14 000-
16 02,500--
160/5 02,500--
164/5 02,500--
17/49 552,433691,367891,667850,849
17 350,000500,000700,000700,000
170/4 350,000500,000700,000700,000
42/48 169,608163,356153,167126,349
43 3,7325,46236-
439 3,7325,46236-
44 29,10133,56528,43723,288
440/4 29,10133,56528,43723,288
45 107,93496,630101,062103,061
450/3 19,20720,05129,60937,872
454/9 88,72876,57971,45365,188
47/48 28,84127,69923,632-
492/3 32,82628,01138,50024,500
Income statement
9900 1.1m922,800912,094765,434
62 482,193434,852473,308441,842
630 121,918121,147115,507109,093
635/8 -2,5002,500--
640/8 1,6511,3841,0775,270
66A 1,7481,461940-
9901 491,208361,457321,262209,228
75/76B 422,3871500
75 422,3871500
65/66B 34,37828,60139,08624,634
65 34,37828,60139,08624,634
9903 456,834355,243282,326184,595
67/77 112,70388,46469,23743,748
9904 344,131266,779213,089140,847
9905 344,131266,779213,089140,847
Appropriation of the result
9906 344,131266,779213,089140,847
791/2 569,384---
691/2 165,368239,080189,457140,847
6921 165,368239,080189,457140,847
694/7 748,14727,69923,632-
694 719,384---
697 28,76327,69923,632-
Social balance sheet
9087 6.97.88.28.3
Hours worked1013 10,48010,24911,56712,095
Document PDFPDFPDFPDF

The notes to these accounts have 22 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 28-07-2026 2026-00345693 PDF
31-12-2024 abbreviated format 24-02-2025 2025-00039362 PDF
31-12-2023 abbreviated format 09-07-2024 2024-00225568 PDF
31-12-2022 micro format 05-07-2023 2023-00202729 PDF

Subsidies and aid

Flemish government 2022 to 2025, 11 entries, €40,696 awarded, €40,685 paid

Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
€25,279
Vlaams opleidingsverlof (VOV)
€9,404
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€6,013
Year Entries AwardedPaid
2025 3 €4,062€4,051
2024 3 €12,321€12,321
2023 3 €14,130€14,130
2022 2 €10,183€10,183

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022
613,126482,604436,769318,322
466,050387,926328,596249,940
9,16916,55766,432745,757
-671,355562,660-147,678-
201,110637,313500,172246,700
25.1%45.9%28.2%15.9%
2.194.904.272.95
2.981.172.555.29
185.6%45.3%60.8%87.6%
46.6%20.8%17.2%13.9%
17.8316.8711.1712.92

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-2022
Employees at the balance-sheet date4899
full-time4778
part-time0121
in full-time equivalents47.288.2
6.97.88.28.3
On a permanent contract1899
Joined45113
Left4616
Training hours9081,7391,210-

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired
Item2025202420232022
Tangible fixed assets€9,169€16,557€65,932€143,357
Intangible fixed assets---€600,000
Financial fixed assets€0-€500€2,400
€121,918€121,147€115,507€109,093

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on PAPPERAS

The operating result for 2025 is 36% higher than in 2024 and the highest since 2022. It is the third rise in a row.

Debt's share of the balance-sheet total rises from 53.9% to 74.9%. Equity and debt are lower.

Next steps

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