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PAPYRUS

Active Private limited companyfounded 2004active for 22 yearsBouwelsesteenweg 177, 2560 NijlenKBO/BCE: BE 0869.749.609

Lifetime

20 annual accounts with figures on one time axis, 21 filings since 2005
peak €205,569 (2021)
€148,410▼ 0.1%
peak €53,440 (2021)
€9,060▼ 47.2%
peak €439,604 (2024)
€426,287▼ 3.0%
€363,661▲ 10.8%
peak 2.7 FTE (2018)
-not published
Board2 names since 2004
2 directors and 1 other
Documentsfilings and deeds
05-08-20265 days late
2025micro format
Result from €17,158 to €9,060Dividend €22,378Investments €176,101Cash from €62,899 to €40,077

Key points

from the 2025 annual accounts

Equity

€426,287 ▼ 3.0%
439,6042024+9,060Profit-22,378Dividend426,2872025

PAPYRUS paid out €22,378 in dividends. That is 247% of the 2025 profit.

Investments

€176,101 5.6 × depreciation
20212022202320242025

Green is investment, beige is depreciation. Machinery stands 70.8% higher than in 2024.

Staff

3 employees on 31-12-2025
1020223736202363622024012025

In 2025, nobody joined and 1 person left.

Liquidity

1.34 was 3.75 in 2024

Short-term debts rose from €92,684 to €168,013.

Filings

21 annual accounts since 2005
AprilJune31 JulyOctober20052010201520202025

Ten of the last ten came late. The 2019 accounts came latest: 122 days after the end of the period.

Position in the sector

€426,287

More equity than 94% of companies in retail trade. Sector median €40,895 · 25,314 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 17,044 companies had the same profile as PAPYRUS has now. Each dot stands for 43 companies, two years later.

94.3%
were still trading
5.0%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,044 companies, not a prediction for PAPYRUS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 14-10-2004
Director, since 01-07-2011
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0869749609
2 directors resigning, 2 reappointments Resignations: and · Reappointments: (director) and (director) · “De uitbating van een dagbladhandel en alle aanverwante activiteiten; Uitbaten van een dampwinkel; De uitbating…” (deed in Dutch) · General meeting of 05-07-2023 · Gazette deed
First establishment Bouwelsesteenweg 177, Nijlen
Incorporation published on 10-11-2004 · Gazette deed
All 31 events

Comparable companies

same main activity, similar in size and age
Company
PAPYRUS Nijlen €789,948 €148,410 54.0% -
PAPER-SHOP Kasterlee €736,195 €129,705 36.3% 0
Dagbladhandel Paparazzi Kalmthout €857,402 €174,020 35.4% -
DE RUBRIEK Laakdal €620,945 €125,093 52.3% 0
DE PERSHOEK Balen €593,748 €160,065 48.2% -
ELECTRICITEITSWERKEN BAETS PATRICK Hasselt €623,609 €144,397 34.6% -
Frédéric BILLON Tournai €671,245 €181,409 34.8% 3.1

These companies have the same main activity as PAPYRUS: retail sale of newspapers and periodicals (NACE 47621). They are comparable in size and age: total assets between €594,000 and €857,000, founded between 2004 and 2007.

Official details

Source: KBO
Status
Active since 29-10-2004Normal situation
Activity
Retail sale of newspapers and periodicalsNACE 47621and 1 other
Joint committee
201Independent retail · annual accounts 2025
Establishment unit
2.143.089.5912560 Nijlen, since 03-01-2005
Financial year end
31 December
Peppol
Reachable since 06-12-2025
Company details

Annual accounts 2025

≈ €900,000estimated
€789,948▲ 2.9%
Employeeson 31-12-2025
3▼ 25.0%
Filing
Filed on 05-08-2026
Financials

Insights on PAPYRUS

PAPYRUS files the micro format. That format states no turnover. The gross margin rose from €114,649 in 2006 to €148,410 in 2025.

The balance sheet grew most in 2018 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about PAPYRUS

What is the company number of PAPYRUS?
The company number of PAPYRUS is 0869.749.609. The VAT number is the same number with BE in front: BE 0869.749.609.
Where is PAPYRUS based?
The registered office is at Bouwelsesteenweg 177, 2560 Nijlen.Company details
What does PAPYRUS do?
According to the KBO register, the main activity is retail sale of newspapers and periodicals (NACE 47621).
What is the legal form of PAPYRUS?
PAPYRUS is a private limited company (BV).
When was PAPYRUS founded?
PAPYRUS was founded on 29-10-2004.
Is PAPYRUS still active?
Yes, PAPYRUS is an active enterprise in the KBO register.
How many employees does PAPYRUS have?
PAPYRUS had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does PAPYRUS fall under?
In its 2025 annual accounts, PAPYRUS states joint committee 201 (Independent retail).
What is the turnover of PAPYRUS?
The turnover in financial year 2025 is ≈ €900,000. This figure is estimated from the gross margin of €148,410 and 211 comparable companies (NACE 47). It probably lies between €500,000 and €1.4m.
Is PAPYRUS profitable?
In financial year 2025, PAPYRUS made a profit of €9,060.
Where can I find the annual accounts of PAPYRUS?
PAPYRUS filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PAPYRUS due?
PAPYRUS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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