Pappagallo
ActiveSummary
Pappagallo has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €415k and a net result of €103k. Equity is growing by ~38.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▲+6
Solvency95▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.81 against 1.34 in 2023; short-term debt: 7.2% and cash: 0.8% of total assets), and 30.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
69.8%
Return on assets
17.3%
Age of the figures
21 mo
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 29-06-2025, 32 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
32 d early
2023
20 d early
2022
48 d early
2021
61 d early
2020
65 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€415k▲ 33.0%
2023 · €312k
2020: €32k
2021: €124k
2022: €248k
2023: €312k
2020 → 2024
Total assets
€595k▲ 9.8%
2023 · €542k
2020: €485k
2021: €483k
2022: €512k
2023: €542k
2020 → 2024
Net result
€103k▲ 59.6%
2023 · €65k
2020: €29k
2021: €93k
2022: €123k
2023: €65k
2020 → 2024
Working capital
€78k▲ 376%
2023 · €16k
2020: €-108k
2021: €-90k
2022: €-5k
2023: €16k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€32k-€124k▲ 293%€248k▲ 99.2%€312k▲ 26.1%€415k▲ 33.0%
Operating result€40k-€54k▲ 34.9%€41k▼ 23.7%€74k▲ 79.9%€48k▼ 35.1%
Net result€29k-€93k▲ 224%€123k▲ 33.1%€65k▼ 47.6%€103k▲ 59.6%
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 2024; 2024 is 35% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €595k
Fixed assets
€474k ▼ 0.5%
Current assets
€121k ▲ 85.5%
Equity and liabilities €595k
Equity
€415k ▲ 33.0%
Debt
€180k ▼ 21.7%
Debt's share of the balance-sheet total falls from 42.4% to 30.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▼
2023 · €78k
Cash flow
€107k▲
2023 · €68k
Current ratio
2.81▲
2023 · 1.34
Debt to equity
0.43▼
2023 · 0.74
ROE
24.8%▲
2023 · 20.7%
ROA
17.3%▲
2023 · 11.9%
Interest coverage
7.69▼
2023 · 13.48
Debt ≤ 1 year
€43k▼
2023 · €49k
Debt > 1 year
€134k▼
2023 · €178k
Income taxes
€12k▼
2023 · €19k
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 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€542k€595k▲
Fixed assets21/28€477k€474k▼
Tangible fixed assets22/27€30k€28k▼
Furniture and vehicles24€28k€26k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€446k€446k=
Current assets29/58€65k€121k▲
Amounts receivable within one year40/41€36k€25k▼
Trade receivables40€36k€17k▼
Other amounts receivable41-€8k
Current investments50/53-€30k
Cash at bank and in hand54/58€28k€5k▼
Deferred charges and accrued income490/1€805€61k▲
Equity and liabilities
Total equity and liabilities10/49€542k€595k▲
Equity10/15€312k€415k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€309k€412k▲
Amounts payable17/49€230k€180k▼
Amounts payable after more than one year17€178k€134k▼
Financial debts170/4€178k€134k▼
Amounts payable within one year42/48€49k€43k▼
Current portion of amounts payable after more than one year42€35k€36k▲
Trade debts44€1€406▲
Suppliers440/4€1€406▲
Taxes, remuneration and social security45€10k€2k▼
Taxes450/3€10k€2k▼
Other amounts payable47/48€3k€5k▲
Accrued charges and deferred income492/3€3k€3k▼
Income statement
Code20232024
Non-recurring operating income76A€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€79k€53k▼
Operating profit (loss)9901€74k€48k▼
Financial income75/76B€15k€74k▲
Recurring financial income75€15k€74k▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€83k€115k▲
Income taxes67/77€19k€12k▼
Profit (loss) for the period9904€65k€103k▲
Profit (loss) for the period to be appropriated9905€65k€103k▲
Appropriation of the result
Profit (loss) to be appropriated9906€309k€412k▲
Profit (loss) brought forward from the previous period14P€245k€309k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.81
Current ratio from 1.34 to 2.81; short-term debt falls from €49k to €43k.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €123k ▲33.1%
Net result €123k, the highest in the series.
31-12
Financial
Equity above €200kEq €248k ▲99.2%
3 profitable years in a row build equity to €248k.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €124k ▲293%
2 profitable years in a row build equity to €124k.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Antwerpen · 1 establishment unit since 2020
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.
Lokkaardstraat 142018 AntwerpenGround area
111 m²
Building footprint
75 m²
Volume, LiDAR
764 m³
Parcel 11810K1857/00S002, Flanders · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Pappagallo
since 20202.306.675.143
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1857/00S002 | Flanders | 111 m² | 1 · 75 m² | 16.2 m · 4 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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P.S. MANAGEMENT
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JOVETI
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LEON INVEST
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,494. 2,257 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 formPrivate limited company
Founded02-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.