Redopapers
ActiveRedopapers has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11k and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency38▲+14
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.16 against 1.09 in 2024), but 92.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Sector 17
higher
← fewer bankruptcies
more bankruptcies →
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
7.4%
Return on assets
-3.2%
Age of the figures
8 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 173 sector peers (2025).
NBB · sector comparisonPosition among 173 sector peers
Solvency
better than 22%
← 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 27-08-2026, 27 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 · 7 filingsDeviation from the deadline
2025
27 d late
2024
54 d late
2023
31 d late
2022
30 d late
2021
5 d early
2020
22 d early
2019
13 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▼ 30.3%
2024 · €16k
2019: €5k
2020: €11k
2021: €12k
2022: €-5k
2023: €6k
2024: €16k
2019 → 2025
Total assets
€147k▲ 53.2%
2024 · €96k
2019: €25k
2020: €61k
2021: €66k
2022: €63k
2023: €68k
2024: €96k
2019 → 2025
Net result
€-5k
2024 · €10k
2019: €-2k
2020: €7k
2021: €56
2022: €-17k
2023: €10k
2024: €10k
2019 → 2025
Working capital
€74k▲ 1,040%
2024 · €6k
2019: €14k
2020: €15k
2021: €11k
2022: €-11k
2023: €-5k
2024: €6k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€-5k€6k€16k▲ 182%€11k▼ 30.3%
Operating result€2k-€-14k€16k€21k▲ 31.3%€1k▼ 94.6%
Net result€56-€-17k€10k€10k▲ 5.4%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147k
Fixed assets
€10k▼ 28.9%
Current assets
€138k▲ 67.1%
Equity and liabilities €147k
Equity
€11k▼ 30.3%
Debt
€136k▲ 69.4%
The debt ratio rises from 83.8% to 92.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€6k▼
2024 · €26k
Cash flow
€275▼
2024 · €15k
Solvency
7.4%▼
2024 · 16.2%
Current ratio
2.16▲
2024 · 1.09
Quick ratio
1.77▲
2024 · 0.78
Debt / equity
12.53▲
2024 · 5.16
ROE
-43.4%▼
2024 · 64.6%
ROA
-3.2%▼
2024 · 10.5%
Interest coverage
1.08▼
2024 · 3.79
Debt
€136k▲
2024 · €81k
Debt ≤ 1 year
€64k▼
2024 · €76k
Debt > 1 year
€73k▲
2024 · €5k
Income taxes
€174▼
2024 · €4k
Staff costs
€76k▲
2024 · €46k
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€96k€147k▲
Fixed assets21/28€14k€10k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€7k€4k▼
Plant, machinery and equipment23€148€48▼
Furniture and vehicles24€4k€2k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€4k€4k=
Current assets29/58€82k€138k▲
Stocks and contracts in progress3€24k€25k▲
Stocks30/36€24k€25k▲
Amounts receivable within one year40/41€15k€23k▲
Trade receivables40€14k€22k▲
Other amounts receivable41€938€2k▲
Cash at bank and in hand54/58€44k€33k▼
Deferred charges and accrued income490/1€0€56k▲
Equity and liabilities
Total equity and liabilities10/49€96k€147k▲
Equity10/15€16k€11k▼
Contributions10/11€7k€7k=
Reserves13€4k€4k=
Tax-exempt reserves132€25€25=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€4k€-634▼
Amounts payable17/49€81k€136k▲
Amounts payable after more than one year17€5k€73k▲
Financial debts170/4€3k€71k▲
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€76k€64k▼
Current portion of amounts payable after more than one year42€27k€0▼
Financial debts43€2k€3k▲
Credit institutions430/8€2k€3k▲
Trade debts44€13k€24k▲
Suppliers440/4€13k€24k▲
Taxes, remuneration and social security45€26k€36k▲
Taxes450/3€14k€15k▲
Remuneration and social security454/9€12k€21k▲
Other amounts payable47/48€7k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€46k€76k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€73k€84k▲
Operating profit (loss)9901€21k€1k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€14k€-5k▼
Income taxes67/77€4k€174▼
Profit (loss) for the period9904€10k€-5k▼
Profit (loss) for the period to be appropriated9905€10k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-634▼
Profit (loss) brought forward from the previous period14P€-6k€4k▲
The notes to these accounts (15 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
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Highest result since 2019net €10k ▲5.4%
Operating result €21k, net result €10k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-17k ▼29852%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-12-2023
Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
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.
Luchthavenlei 7 B2100 AntwerpenGround area
1.5 ha
Building footprint
6,646 m²
Volume, LiDAR
41,310 m³
Parcel 11346B0784/00G002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Redopapers
since 20182.278.048.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0784/00G002 | Flanders | 1.5 ha | 1 · 6,646 m² | 8.8 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 129,484 EUR awarded · 69,484 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | -21,301 EUR | 300 EUR |
| 2024 | 2 | 100,000 EUR | 49,899 EUR |
| 2023 | 2 | 785 EUR | 19,285 EUR |
| 2022 | 1 | 50,000 EUR | 0 EUR |
Schemes
Subsidies in het kader van de circulaire economie
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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BE 0433.685.911
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IDEE FIKS CONNECT
BE 0842.996.811
Gent · Eq €5k
Renaissance Design
BE 0669.731.946
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DUROVAN
BE 0432.275.451
Gerpinnes · Eq €44k
Of 65 companies in sector 17230 we hold annual accounts for 26. 6 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-07-2018
Fiscal year end31-12
Activities, NACEBEL
17230Manufacture of paper and paper products
38210Materials recovery from waste
38329Waste collection, recovery and disposal activities
17250Manufacture of paper and paper products
18140Printing and reproduction of recorded media
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:redopapers.com/index.html
E-mail:hello@redopapers.com
Phone:+32(0) 494 76 46
Phone:0494 76 46 40