FREDERIC PAPEIANS
ActiveFREDERIC PAPEIANS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €219k and a net result of €25k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 76% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 4.51 against 8.31 in 2024; short-term debt: 20.6% and cash: 58.1% of total assets), and 20.6% 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.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
79.4%
Return on assets
9%
Age of the figures
9 mo
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
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
21 d early
2023
50 d early
2022
39 d early
2021
40 d early
2020
65 d early
2019
108 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€219k▼ 22.9%
2024 · €284k
2018: €184k
2019: €225k
2020: €200k
2021: €294k
2022: €244k
2023: €357k
2024: €284k
2018 → 2025
Total assets
€276k▼ 19.5%
2024 · €342k
2018: €366k
2019: €371k
2020: €388k
2021: €447k
2022: €351k
2023: €450k
2024: €342k
2018 → 2025
Net result
€25k▼ 7.7%
2024 · €27k
2018: €94k
2019: €131k
2020: €23k
2021: €94k
2022: €-50k
2023: €113k
2024: €27k
2018 → 2025
Working capital
€199k▼ 0.8%
2024 · €201k
2018: €117k
2019: €157k
2020: €184k
2021: €258k
2022: €194k
2023: €293k
2024: €201k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€294k-€244k▼ 16.9%€357k▲ 46.2%€284k▼ 20.5%€219k▼ 22.9%
Operating result€134k-€-29k€121k€36k▼ 70.3%€31k▼ 13.1%
Net result€94k-€-50k€113k€27k▼ 76.1%€25k▼ 7.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €276k
Fixed assets
€20k▼ 82.8%
Current assets
€256k▲ 12.1%
Equity and liabilities €276k
Equity
€219k▼ 22.9%
Debt
€57k▼ 2.7%
The debt ratio rises from 17.0% to 20.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€34k▼
2024 · €43k
Cash flow
€28k▼
2024 · €34k
Solvency
79.4%▼
2024 · 83.0%
Current ratio
4.51▼
2024 · 8.31
Quick ratio
4.51▼
2024 · 8.31
Debt / equity
0.26▲
2024 · 0.21
ROE
11.4%▲
2024 · 9.5%
ROA
9.0%▲
2024 · 7.9%
Interest coverage
10.90▼
2024 · 14.06
Debt
€57k▼
2024 · €58k
Debt ≤ 1 year
€57k▲
2024 · €27k
Income taxes
€9k▼
2024 · €12k
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€342k€276k▼
Fixed assets21/28€114k€20k▼
Tangible fixed assets22/27€114k€20k▼
Land and buildings22€99k-
Plant, machinery and equipment23€343€40▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€10k€16k▲
Financial fixed assets28€69€69=
Current assets29/58€228k€256k▲
Amounts receivable within one year40/41€79k€88k▲
Trade receivables40€8k-
Other amounts receivable41€71k€88k▲
Cash at bank and in hand54/58€134k€160k▲
Deferred charges and accrued income490/1€15k€8k▼
Equity and liabilities
Total equity and liabilities10/49€342k€276k▼
Equity10/15€284k€219k▼
Contributions10/11€6k€6k=
Reserves13€278k€213k▼
Distributable reserves133€278k€213k▼
Amounts payable17/49€58k€57k▼
Amounts payable after more than one year17€30k-
Financial debts170/4€30k-
Amounts payable within one year42/48€27k€57k▲
Current portion of amounts payable after more than one year42€19k€4k▼
Trade debts44€338€2k▲
Suppliers440/4€338€2k▲
Taxes, remuneration and social security45€9k€338▼
Taxes450/3€9k€338▼
Other amounts payable47/48-€50k
Accrued charges and deferred income492/3€850-
Income statement
Code20242025
Non-recurring operating income76A-€89k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-118k
Other operating charges640/8€2k€120k▲
Gross operating margin9900€45k€36k▼
Operating profit (loss)9901€36k€31k▼
Financial income75/76B€6k€5k▼
Recurring financial income75€6k€5k▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€39k€33k▼
Income taxes67/77€12k€9k▼
Profit (loss) for the period9904€27k€25k▼
Profit (loss) for the period to be appropriated9905€27k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€25k▼
Transfer from equity791/2€100k€65k▼
Transfer to equity691/2€27k-
To other reserves6921€27k-
Profit to be distributed694/7€100k€90k▼
Return on contributions (dividend)694€100k€90k▼
The notes to these accounts (9 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €113k
Net result €113k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-50k ▼153%
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €131k ▲39.9%
Operating result €178k, net result €131k, both a record.
31-12
Financial
Equity above €200kEq €225k ▲22.3%
2 profitable years in a row build equity to €225k.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Elsene · 1 establishment unit since 2009
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.
Renbaanlaan 11050 ElseneGround area
850 m²
Building footprint
402 m²
Volume, LiDAR
9,827 m³
Parcel 21444B0086/00B009, Brussels · tallest building 34.7 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
FREDERIC PAPEIANS SPRL
since 20092.175.956.260
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0086/00B009 | Brussels | 850 m² | 1 · 402 m² | 34.7 m · 10 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.
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RW Consulting
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ATG38 CONSULT
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 39,478 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2009
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
73200Market research and public opinion polling
77224Rental and leasing activities
85593Socio-cultural adult education
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 17 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.