Subsidiaries and holdings
- POPAY BE51%
POPAY CORPORATE
ActiveSummary
POPAY CORPORATE has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€751,339) and a net result of -€529,489. Equity has been shrinking by about 28% per year since 2018. Its solvency ranks better than 9% of 2,812 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Official details
Source: KBO- Status
- Active since 20-07-2004 Normal situation
- Activity
- Office administrative and support services NACE 82100and 1 other
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.148.970.464 9820 Merelbeke-Melle, since 26-07-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- CHANGE IT BVDirector · since 20-07-2004
- KatalizDirector · since 20-07-2004
- Holdings
- Shares in 3 companies including POPAY NL BV and Popay Africa Ltd
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
Annual accounts 2025
- Gross margin
- -€123,959
- ▼ 78.5%
- Loss
- €529,489
- ▲ 47.9%
- Equity
- -€751,339
- ▼ 239%
- Total assets
- €3.6m
- ▲ 30.8%
- Employees on 31-12-2025
- 1
- =
- Negative equity on 31-12-2025
Turnover not published (abbreviated format)
Filed on 28-07-2026, 3 days before the deadline
Score breakdownraises riskCapped at 59: negative equityLoss of €529,489, the second in a row (financial year 2025)Negative equity -€751,339Liquidity: current ratio 0.61, cash €26,645lowers riskSize: total assets €3.6mShow the evidence
Checked score
Score 2025
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 2% of small companies in office administrative support (NACE 82)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
4-13
equity -20.7% of total assets
Liquidity
1-2
short-term debt 94.1% · cash 0.7%
Profitability
1-2
return on assets -14.6%
Bankruptcy probability within 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%lowest value
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.4%▲ +0.1 percentage points vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025
09-2025: 0.5%▼ -0.2 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.7%▲ +0.1 percentage points vs 05-2026
07-2026: 0.8%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.5%▼ -0.3 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.61 (0.64 in 2024), below 1. Short-term debt is 94.1% and cash 0.7% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, small). It does better than 3% of them on solvency, 2% on liquidity, 3% on profitability and 2% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€751,339
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
29 days late
2023
8 days late
2022
on the day
2021
30 days late
2020
3 days early
2019
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€751,339 View
- Risk: 4 loss-making years in a rowloss in financial year 2025 -€529,489 View
- Caution: Equity fell in 2025from -€221,850 to -€751,339 ▼ 239% View
- Caution: Lower net result than 95% of companies in office administrative supportsector median €21,082 · 2,814 companies -€529,489 View
- Heads a groupcompanies controlled 3 View
Recent changes
- · Gazette deed Incorporation
Companies linked to POPAY CORPORATE
Comparable companies
These companies have the same main activity as POPAY CORPORATE: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €2.3m and €4.7m, founded between 1999 and 2008.
| Company | Total assets | Gross margin |
|---|---|---|
| POPAY CORPORATE Merelbeke-Melle | €3.6m | -€0.1m |
| HMH Schilde | €3.5m | -€0.02m |
| Mermans-Segers Knokke-Heist | €3.4m | -€0.004m |
| BUSCA VIDA Brussel | €2.8m | -€0.01m |
| JUTI Oostende | €3.3m | -€0.001m |
| B.W. CENTER Mont-Saint-Guibert | €4.7m | -€0.005m |
| Antwerpse InvesteringsMaatschappij Antwerpen | €2.3m | -€0.002m |
Key facts about POPAY CORPORATE
- What is the company number of POPAY CORPORATE?
- The company number of POPAY CORPORATE is 0866.523.170. The VAT number is the same number with BE in front: BE 0866.523.170.
- Where is POPAY CORPORATE based?
- The registered office is at Gentbos 10, 9820 Merelbeke-Melle.Company details
- What does POPAY CORPORATE do?
- According to the KBO register, the main activity is office administrative and support services (NACE 82100).
- What is the legal form of POPAY CORPORATE?
- The legal form of POPAY CORPORATE is Private limited company (BV).
- When was POPAY CORPORATE founded?
- POPAY CORPORATE was founded on 20-07-2004.
- Is POPAY CORPORATE still active?
- Yes, POPAY CORPORATE is an active enterprise in the KBO register.
- How many employees does POPAY CORPORATE have?
- POPAY CORPORATE had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does POPAY CORPORATE fall under?
- In its 2025 annual accounts, POPAY CORPORATE states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of POPAY CORPORATE?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is POPAY CORPORATE profitable?
- In financial year 2025, POPAY CORPORATE made a loss of €529,489.
- Where can I find the annual accounts of POPAY CORPORATE?
- POPAY CORPORATE filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of POPAY CORPORATE due?
- POPAY CORPORATE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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