HAPPY PAPER
The KBO register records legal situation 050 for HAPPY PAPER (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (€-248k) and a net result of €1.23M.
| Equity | €-248k |
| Net result | €1.23M |
| Staff (FTE) | 28.8 |
| Better than sector | 6% |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -10.1% | 33.5% | |
| Net result | €1.23M | €22k | |
| Equity | €-248k | €237k | |
| Total assets | €2.45M | €1.51M |
Show 11 other metrics
| Fiscal year | 2023 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €1.65M |
| Net profit | €1.23M |
| Cash flow | €1.52M |
| Staff costs | €1.28M |
| Income taxes | €432 |
| Dividends | - |
| Total assets | €2.45M |
| Equity | €-248k |
| Debt | €2.70M |
| of which ≤ 1y | €1.83M |
| of which > 1y | €839k |
| Working capital | €99k |
| Employees (FTE) | 28.8 |
| 2023 | |
|---|---|
| Current ratio | 1.05 |
| Quick ratio | 0.43 |
| Working capital ratio | 4.0% |
| Solvency | -10.1% |
| Debt / equity | -10.88 |
| Long-term debt ratio | -3.38 |
| Interest coverage | 11.45 |
| Gross margin | - |
| Net margin | - |
| ROA | 50.2% |
| ROE | -495.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (27 line items)
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.45M |
| Fixed assets | 21/28 | €519k |
| Formation expenses | 20 | €4k |
| Intangible fixed assets | 21 | €2k |
| Tangible fixed assets | 22/27 | €416k |
| Financial fixed assets | 28 | €101k |
| Current assets | 29/58 | €1.93M |
| Stocks & contracts in progress | 3 | €1.14M |
| Amounts receivable within one year | 40/41 | €715k |
| Cash & bank | 54/58 | €52k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.45M |
| Equity | 10/15 | €-248k |
| Contributions / capital | 10/11 | €1.47M |
| Reserves | 13 | €3.17M |
| Accumulated profits (losses) | 14 | €-4.89M |
| Amounts payable | 17/49 | €2.70M |
| Amounts payable after one year | 17 | €839k |
| Amounts payable within one year | 42/48 | €1.83M |
| Trade debts payable within one year | 44 | €1.53M |
| Income statement | ||
| Gross operating margin | 9900 | €2.97M |
| Operating result | 9901 | €1.35M |
| Financial income | 75 | €20k |
| Financial charges | 65 | €144k |
| Result before taxes | 9903 | €1.23M |
| Income taxes | 67/77 | €432 |
| Net result for the period | 9904 | €1.23M |
| Result to be appropriated | 9905 | €-1.46M |
-
Patrick Van HoutryveDirectorState Gazette act 23072113 (02-06-2023)Current02-06-2023 → present
Former directors (2)
-
Henry DE WITTEDirector (executive)State Gazette act 23072113 (02-06-2023)Former- → 02-06-2023
-
Paul De WitteManaging directorState Gazette act 23072113 (02-06-2023)Former- → 02-06-2023
| NACE primary | Vervaardiging van huishoudelijke en sanitaire papierwaren(17220) |
| Legal form | Public limited company(014) |
| Incorporation | 18-12-1969 |
| Status | Active |
| Postal code | 7850 |
| First BS signal | 17-08-2022 |
| Latest BS signal | 10-01-2023 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55033D0085/00Y004 | Wallonia | 1.4 ha | 1 · 139 m² | 7.8 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.
We hold 1 further earlier event in this file, covering 09-08-2022 to 04-01-2023.
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
02-06-2023 1 director appointed, 2 resigning
- Patrick Van Houtryve, Bestuurder
- Paul De Witte, Gedelegeerd bestuurder
- Henry DE WITTE, Directeur
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Patrick Van Houtryve",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e d\u00E9cide de proc\u00E9der \u00E0 la nomination en qualit\u00E9 d\u0027administrateur, Monsieur Patrick Van Houtryve, pour une p\u00E9riode qui finira imm\u00E9diatement apr\u00E8s l\u0027assembl\u00E9e g\u00E9n\u00E9rale ordinaire de 2023.",
"decharge_status": null,
"mandate_duration": {
"kind": "until_agm_year",
"value": "2023"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_out",
"role": "administrateur_d\u00E9l\u00E9gu\u00E9",
"person": {
"rrn": null,
"name": "Paul De Witte",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "Monsieur Paul De Witte d\u00E9missionne de son poste d\u0027administrateur d\u00E9l\u00E9gu\u00E9 et du conseil d\u0027administration, \u00E0 compter de ce jour.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_out",
"role": "directeur",
"person": {
"rrn": null,
"name": "Henry DE WITTE",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "Henry DE WITTE\nAdministrateur-d\u00E9l\u00E9gu\u00E9",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2023-05-23",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2021-09-30",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0406.946.969",
"name_full": "HAPPY PAPER",
"legal_form": "SOCIETE ANONYME"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Henry DE WITTE",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur-d\u00E9l\u00E9gu\u00E9"
},
"co_filed_documents": [
"Bijlagen bij het-Belgisch Staatsblad",
"Annexes du Moniteur belge"
],
"corrected_publication_numac": null
}| Legal nameFR | HAPPY PAPER |