PAPRIKA
ActiveSummary
PAPRIKA has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€26,360) and a net result of €781. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 5% of 7098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+15
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.69 in 2024; short-term debt: 98.5% and cash: 31.4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-153.9%
Return on assets
4.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 7098 sector peers (2025).
NBB · sector comparisonPosition among 7098 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
25 d late
2019
84 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
-€26,360▲ 2.9%
2024 · -€27,141
Total assets
€17,128▲ 13.1%
2024 · €15,143
Net result
€781
2024 · -€777
Working capital
-€8,372▼ 73.7%
2024 · -€4,821
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,846€1,558▼ 67.9%€4,219▲ 171%€2,971▼ 29.6%€4,868▲ 63.9%
Net result€4,075within the sector's middle half-€844below the sector's middle half€87within the sector's middle half-€777within the sector's middle half€781within the sector's middle half
Equity-€25,607below the sector's middle half▲ 13.7%-€26,451below the sector's middle half▼ 3.3%-€26,364below the sector's middle half▲ 0.3%-€27,141below the sector's middle half▼ 2.9%-€26,360below the sector's middle half▲ 2.9%
Total assets€15,964below the sector's middle half▲ 35.8%€13,381below the sector's middle half▼ 16.2%€13,777below the sector's middle half▲ 3.0%€15,143below the sector's middle half▲ 9.9%€17,128below the sector's middle half▲ 13.1%
Debt€41,571▲ 2.0%€39,832▼ 4.2%€40,142▲ 0.8%€42,284▲ 5.3%€43,488▲ 2.8%
Working capital-€1,593below the sector's middle half▲ 80.1%-€1,585below the sector's middle half▲ 0.5%-€2,141below the sector's middle half▼ 35.0%-€4,821below the sector's middle half▼ 125%-€8,372below the sector's middle half▼ 73.7%
Solvency-160.4%below the sector's middle half▲ 92.1pp-197.7%below the sector's middle half▼ 37.3pp-191.4%below the sector's middle half▲ 6.3pp-179.2%below the sector's middle half▲ 12.1pp-153.9%below the sector's middle half▲ 25.3pp
Current ratio0.89below the sector's middle half▲ 0.490.88below the sector's middle half▼ 0.010.84below the sector's middle half▼ 0.040.69below the sector's middle half▼ 0.150.50below the sector's middle half▼ 0.19
Return on assets (ROA)25.5%above the sector's middle half▲ 128.6pp-6.3%below the sector's middle half▼ 31.8pp0.6%within the sector's middle half▲ 6.9pp-5.1%below the sector's middle half▼ 5.8pp4.6%within the sector's middle half▲ 9.7pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 64% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17,128
Fixed assets
€8,627 ▲ 101%
Current assets
€8,501 ▼ 21.6%
Key figures and ratios
EBITDA
€6,737▲
2024 · €4,168
Cash flow
€2,650▲
2024 · €421
Debt to equity
-1.65▼
2024 · -1.56
Interest coverage
12.47▲
2024 · 5.54
Debt ≤ 1 year
€16,873▲
2024 · €15,670
Debt > 1 year
€26,615=
2024 · €26,615
Income taxes
€3,547▲
2024 · €2,996
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.5%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,432 | €852 | €916 | €1,197 | €1,869 | ▲ 56.1% |
| Other operating charges640/8 | €775 | €989 | €447 | €673 | €1,312 | ▲ 95.0% |
| Gross operating margin9900 | €12,052 | €3,399 | €5,582 | €4,841 | €8,049 | ▲ 66.3% |
| Operating profit (loss)9901 | €4,846 | €1,558 | €4,219 | €2,971 | €4,868 | ▲ 63.9% |
| Financial charges65/66B | €327 | €361 | €904 | €752 | €540 | ▼ 28.1% |
| Recurring financial charges65 | €327 | €361 | €904 | €752 | €540 | ▼ 28.1% |
| Profit (loss) for the period before taxes9903 | €4,519 | €1,197 | €3,315 | €2,219 | €4,328 | ▲ 95.1% |
| Transfer from deferred taxes780 | €674 | - | - | - | - | - |
| Income taxes67/77 | €1,118 | €2,041 | €3,229 | €2,996 | €3,547 | ▲ 18.4% |
| Profit (loss) for the period9904 | €4,075 | -€844 | €87 | -€777 | €781 | ▲ 201% |
| Transfer from tax-exempt reserves789 | €1,309 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €5,384 | -€844 | €87 | -€777 | €781 | ▲ 201% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,964 | €13,381 | €13,777 | €15,143 | €17,128 | ▲ 13.1% |
| Fixed assets21/28 | €2,600 | €1,748 | €2,391 | €4,294 | €8,627 | ▲ 101% |
| Tangible fixed assets22/27 | €2,600 | €1,748 | €2,391 | €4,294 | €8,627 | ▲ 101% |
| Plant, machinery and equipment23 | - | - | - | - | €0 | - |
| Furniture and vehicles24 | €2,600 | €1,748 | €2,391 | €3,068 | €7,400 | ▲ 141% |
| Other tangible fixed assets26 | - | - | - | €1,226 | €1,226 | = |
| Current assets29/58 | €13,363 | €11,632 | €11,387 | €10,848 | €8,501 | ▼ 21.6% |
| Amounts receivable within one year40/41 | €1,092 | €260 | €1,936 | €2,798 | €1,568 | ▼ 44.0% |
| Trade receivables40 | - | - | - | €2,749 | €1,568 | ▼ 43.0% |
| Other amounts receivable41 | €1,092 | €260 | €1,936 | €49 | - | - |
| Cash at bank and in hand54/58 | €10,960 | €10,728 | €7,399 | €8,051 | €5,376 | ▼ 33.2% |
| Deferred charges and accrued income490/1 | €1,312 | €644 | €2,052 | €0 | €1,557 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,964 | €13,381 | €13,777 | €15,143 | €17,128 | ▲ 13.1% |
| Equity10/15 | -€25,607 | -€26,451 | -€26,364 | -€27,141 | -€26,360 | ▲ 2.9% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€46,058 | -€46,903 | -€46,816 | -€47,592 | -€46,811 | ▲ 1.6% |
| Amounts payable17/49 | €41,571 | €39,832 | €40,142 | €42,284 | €43,488 | ▲ 2.8% |
| Amounts payable after more than one year17 | €26,615 | €26,615 | €26,615 | €26,615 | €26,615 | = |
| Other amounts payable178/9 | €26,615 | €26,615 | €26,615 | €26,615 | €26,615 | = |
| Amounts payable within one year42/48 | €14,956 | €13,217 | €13,527 | €15,670 | €16,873 | ▲ 7.7% |
| Financial debts43 | €695 | - | - | - | - | - |
| Credit institutions430/8 | €695 | - | - | - | - | - |
| Trade debts44 | €5,608 | €2,303 | €1,568 | €528 | €3,816 | ▲ 623% |
| Suppliers440/4 | €5,608 | €2,303 | €1,568 | €528 | €3,816 | ▲ 623% |
| Taxes, remuneration and social security45 | €1,292 | €4,158 | €5,280 | €6,224 | €6,959 | ▲ 11.8% |
| Taxes450/3 | €1,292 | €4,158 | €5,280 | €6,224 | €6,959 | ▲ 11.8% |
| Other amounts payable47/48 | €7,361 | €6,756 | €6,679 | €8,918 | €6,099 | ▼ 31.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,075 | -€844 | €87 | -€777 | €781 | ▲ 201% |
| + Depreciation and write-downs630 | €6,432 | €852 | €916 | €1,197 | €1,869 | ▲ 56.1% |
| Operating cash flow (approximation) | €10,507 | €8 | €1,003 | €421 | €2,650 | ▲ 530% |
| Investment in fixed assets (approximation) | - | €0 | -€1,558 | -€3,101 | -€6,201 | ▼ 100.0% |
| Change in cash | - | -€232 | -€3,329 | €652 | -€2,675 | ▼ 510% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €781
Net result €781 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €87
Net result €87 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €4,075
Net result €4,075 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Weakest financial yearnet -€12,116
Net result drops to -€12,116, the lowest in the series; recovery starts the following year.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Watermaal-Bosvoorde · 2 establishment units since 1998
Ground area
2,691 m²
Building footprint
693 m²
Volume, LiDAR
7,372 m³
2 parcels, Brussels, Wallonia · tallest building 20.5 m, ±5 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
2 establishment units
Vorsterielaan 2, 1170 Watermaal-Bosvoorde
since 19982.028.192.992
Rue de l'Ancienne Gare 4, 1380 Lasne
since 20172.282.693.080
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051C0091/00A003 | Wallonia | 1,953 m² | 1 · 481 m² | 11.5 m · 3 fl. |
| 21652E0369/00R000 | Brussels | 738 m² | 1 · 212 m² | 20.5 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,759. 709 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-11-1985
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
68310Real estate agency activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427957367
Also
9925:BE0427957367
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.