Opération Papa Noël
ActiveSummary
Opération Papa Noël has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €44k and a net result of €9k. Equity is growing by ~36% per year across the filed fiscal years. Its solvency ranks better than 95% of 514 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
98
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability94▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 18.93 against 7.09 in 2023; short-term debt: 4.4% and cash: 77.1% of total assets), and 6.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 88
Relative position
BE, all sectors
reference
Sector 88
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
331 d late
2022
697 d late
2021
1062 d late
2020
45 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9k▲ 3.1%
2023 · €9k
2020: €8k
2021: €4k
2022: €10k
2023: €9k
2020 → 2024
Working capital
€37k▲ 37.0%
2023 · €27k
2020: €6k
2021: €13k
2022: €20k
2023: €27k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€12k-€15k▲ 30.1%€26k▲ 67.5%€35k▲ 35.7%€44k▲ 27.1%
Operating result€9k-€4k▼ 53.3%€11k▲ 162%€10k▼ 9.8%€10k▲ 4.7%
Net result€8k-€4k▼ 57.3%€10k▲ 192%€9k▼ 11.3%€9k▲ 3.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 5% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47k
Fixed assets
€8k ▲ 4.8%
Current assets
€39k ▲ 24.2%
Equity and liabilities €47k
Equity
€44k ▲ 27.1%
Debt
€3k ▼ 31.7%
Debt's share of the balance-sheet total falls from 11.4% to 6.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▲
2023 · €11k
Cash flow
€12k▲
2023 · €10k
Current ratio
18.93▲
2023 · 7.09
Debt to equity
0.07▼
2023 · 0.13
ROE
21.3%▼
2023 · 26.3%
ROA
20.0%▼
2023 · 23.3%
Interest coverage
15.48▼
2023 · 16.63
Debt ≤ 1 year
€2k▼
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 30 lines
Balance sheet
Code20232024
Assets
Total assets20/58€39k€47k▲
Fixed assets21/28€8k€8k▲
Tangible fixed assets22/27€7k€8k▲
Plant, machinery and equipment23€4k€6k▲
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€100-
Current assets29/58€32k€39k▲
Amounts receivable within one year40/41€20€2k▲
Trade receivables40€20€2k▲
Cash at bank and in hand54/58€31k€36k▲
Deferred charges and accrued income490/1€645€419▼
Equity and liabilities
Total equity and liabilities10/49€39k€47k▲
Equity10/15€35k€44k▲
Profit (loss) carried forward14€35k€44k▲
Amounts payable17/49€4k€3k▼
Amounts payable within one year42/48€4k€2k▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Accrued charges and deferred income492/3-€974
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€15k€17k▲
Operating profit (loss)9901€10k€10k▲
Financial charges65/66B€671€852▲
Recurring financial charges65€671€852▲
Profit (loss) for the period before taxes9903€9k€9k▲
Profit (loss) for the period9904€9k€9k▲
Profit (loss) for the period to be appropriated9905€9k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€44k▲
Profit (loss) brought forward from the previous period14P€26k€35k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 331 days late
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 697 days late
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1062 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 18.93
Current ratio from 7.09 to 18.93; short-term debt falls from €4k to €2k.
2022
31-12
Financial
Highest result since 2020net €10k ▲192%
Operating result €11k, net result €10k, both a record.
2021
31-12
Financial
Weakest financial yearnet €4k ▼57.3%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 42current ratio 295.97
Current ratio from 6.97 to 295.97; short-term debt falls from €1k to €45.
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Manage · 1 establishment unit since 2019
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.
Avenue de Scailmont 287170 ManageGround area
639 m²
Building footprint
99 m²
Volume, LiDAR
977 m³
Parcel 52043F0379/00G009, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Opération Papa Noël ASBL
since 20192.330.290.188
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52043F0379/00G009 | Wallonia | 638 m² | 1 · 99 m² | 11.6 m · 3 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.
Similar companies · same sector, comparable size
SPEELKOER
BE 0810.104.111
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CRECHE EUROPEENNE
BE 0826.363.190
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Récréa'Braine
BE 0771.993.997
Braine-le-Comte · Eq €72k
Etincelle
BE 0717.930.751
Seneffe · Eq €74k
NANNY’S
BE 0790.575.041
Bilzen-Hoeselt · Eq €96k
Of 158 companies in sector 88919 we hold annual accounts for 30. 19 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded16-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
88919Social work activities without accommodation
47120Other non-specialised retail sale
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.operation-papa-noel.be
E-mail:operationpapanoel@gmail.com