DE PAPE
ActiveDE PAPE has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €435k and a net result of €60k. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 59% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-6
Solvency69▼-31
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 5.1 against 2.81 in 2024; short-term debt: 13.9% and cash: 18.3% of total assets), but 55.8% 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.
−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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.2%
Return on assets
6.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
28 d late
2023
30 d late
2022
on the day
2021
2 d early
2020
2 d early
2019
31 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€60k▼ 39.6%
2024 · €99k
2018: €31k
2019: €23k
2020: €133k
2021: €84k
2022: €90k
2023: €69k
2024: €99k
2018 → 2025
Working capital
€560k▲ 43.5%
2024 · €390k
2018: €47k
2019: €46k
2020: €139k
2021: €192k
2022: €244k
2023: €302k
2024: €390k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€433k-€522k▲ 20.7%€591k▲ 13.1%€690k▲ 16.7%€435k▼ 37.0%
Operating result€126k-€129k▲ 2.2%€102k▼ 20.8%€144k▲ 41.9%€96k▼ 33.3%
Net result€84k-€90k▲ 6.9%€69k▼ 23.6%€99k▲ 44.2%€60k▼ 39.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €984k
Fixed assets
€287k▼ 4.2%
Current assets
€697k▲ 15.0%
Equity and liabilities €984k
Equity
€435k▼ 37.0%
Debt
€549k▲ 155%
The debt ratio rises from 23.8% to 55.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€119k▼
2024 · €167k
Cash flow
€82k▼
2024 · €122k
Solvency
44.2%▼
2024 · 76.2%
Current ratio
5.10▲
2024 · 2.81
Quick ratio
1.45▲
2024 · 0.74
Debt / equity
1.26▲
2024 · 0.31
ROE
13.7%▼
2024 · 14.3%
ROA
6.1%▼
2024 · 10.9%
Interest coverage
6.91▼
2024 · 15.22
Debt
€549k▲
2024 · €216k
Debt ≤ 1 year
€137k▼
2024 · €216k
Debt > 1 year
€413k▲
2024 · €0
Income taxes
€22k▼
2024 · €35k
Staff costs
€196k▲
2024 · €171k
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€905k€984k▲
Fixed assets21/28€299k€287k▼
Tangible fixed assets22/27€299k€287k▼
Land and buildings22€271k€254k▼
Plant, machinery and equipment23€16k€24k▲
Furniture and vehicles24€12k€9k▼
Financial fixed assets28€50€50=
Current assets29/58€606k€697k▲
Stocks and contracts in progress3€446k€499k▲
Stocks30/36€446k€499k▲
Amounts receivable within one year40/41€50k€18k▼
Trade receivables40€22k€17k▼
Other amounts receivable41€29k€2k▼
Cash at bank and in hand54/58€109k€180k▲
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€905k€984k▲
Equity10/15€690k€435k▼
Contributions10/11€115k€115k=
Capital10€115k€115k=
Issued capital100€115k€115k=
Reserves13€13k€13k=
Non-distributable reserves130/1€11k€11k=
Legal reserve130€11k€11k=
Tax-exempt reserves132€1k€1k=
Profit (loss) carried forward14€563k€307k▼
Amounts payable17/49€216k€549k▲
Amounts payable after more than one year17€0€413k▲
Financial debts170/4€0€413k▲
Amounts payable within one year42/48€216k€137k▼
Current portion of amounts payable after more than one year42€31k€24k▼
Financial debts43€60k€0▼
Credit institutions430/8€60k€0▼
Trade debts44€74k€70k▼
Suppliers440/4€74k€70k▼
Taxes, remuneration and social security45€50k€42k▼
Taxes450/3€15k€15k▲
Remuneration and social security454/9€35k€26k▼
Other amounts payable47/48€669€984▲
Income statement
Code20242025
Remuneration, social security and pensions62€171k€196k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€22k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€149k€-80k▼
Other operating charges640/8€12k€12k▲
Gross operating margin9900€499k€247k▼
Operating profit (loss)9901€144k€96k▼
Financial income75/76B€450€3k▲
Recurring financial income75€450€3k▲
Financial charges65/66B€11k€17k▲
Recurring financial charges65€11k€17k▲
Profit (loss) for the period before taxes9903€134k€82k▼
Income taxes67/77€35k€22k▼
Profit (loss) for the period9904€99k€60k▼
Profit (loss) for the period to be appropriated9905€99k€60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€563k€307k▼
Profit (loss) brought forward from the previous period14P€464k€248k▼
Transfer from equity791/2-€315k
Profit to be distributed694/7-€315k
Return on contributions (dividend)694-€315k
Social balance
Average headcount (FTE)90873.74.0▲
The notes to these accounts (18 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €522k ▲20.7%
5 profitable years in a row build equity to €522k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €133k ▲467%
Operating result €199k, net result €133k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €23k ▼25.5%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €216k ▲12.2%
2 profitable years in a row build equity to €216k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Assenede · 1 establishment unit since 1971
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.
Dorp 1429968 AssenedeGround area
876 m²
Building footprint
165 m²
Volume, LiDAR
1,132 m³
Parcel 43003B1169/00Z000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DE PAPE
since 19712.005.425.807
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43003B1169/00Z000 | Flanders | 876 m² | 1 · 165 m² | 11.1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAssenede2.005.425.807
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ARDOVIT +
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Of 689 companies in sector 46216 we hold annual accounts for 476. 383 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-01-1971
Fiscal year end31-12
Activities, NACEBEL
46216Wholesale of agricultural produce and animal feed, general range
47761Retail sale of flowers, plants, seeds and fertilisers
51210
46620Wholesale of machine tools
46851Wholesale of industrial chemicals
47521Retail sale of hardware, building materials, paint and glass (general range)
51550
52462
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.