PAPYRUS.T
ActivePAPYRUS.T has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68k and a net result of €72k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 688 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-10
Solvency39▲+15
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.5 in 2024; short-term debt: 45.6% and cash: 16.2% of total assets), and 86.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
13.6%
Return on assets
14.5%
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 55
Relative position
BE, all sectors
reference
Sector 55
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 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
12 d early
2022
21 d early
2021
61 d late
2020
5 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€72k▼ 42.3%
2024 · €125k
2020: €-6k
2021: €-116k
2022: €2k
2023: €-34k
2024: €125k
2020 → 2025
Working capital
€-46k▲ 69.9%
2024 · €-154k
2020: €9k
2021: €-319k
2022: €13k
2023: €-315k
2024: €-154k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-97k-€-95k▲ 1.9%€-129k▼ 35.9%€-5k▲ 96.5%€68k
Operating result€-104k-€19k€-16k€141k€115k▼ 18.4%
Net result€-116k-€2k€-34k€125k€72k▼ 42.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €495k
Fixed assets
€316k▼ 21.8%
Current assets
€180k▲ 17.8%
Equity and liabilities €495k
Equity
€68k
Debt
€428k
Debt finances 86.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€210k▼
2024 · €238k
Cash flow
€167k▼
2024 · €221k
Solvency
13.6%▲
2024 · -0.8%
Current ratio
0.79▲
2024 · 0.50
Quick ratio
0.50▲
2024 · 0.30
Debt / equity
6.34
ROE
106.7%
ROA
14.5%▼
2024 · 22.4%
Interest coverage
15.74▲
2024 · 14.88
Debt
€428k▼
2024 · €561k
Debt ≤ 1 year
€226k▼
2024 · €306k
Debt > 1 year
€202k▼
2024 · €255k
Income taxes
€30k▲
2024 · €652
Staff costs
€465k▲
2024 · €423k
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€556k€495k▼
Fixed assets21/28€404k€316k▼
Tangible fixed assets22/27€404k€315k▼
Plant, machinery and equipment23€73k€47k▼
Furniture and vehicles24€23k€11k▼
Other tangible fixed assets26€308k€257k▼
Financial fixed assets28-€450
Current assets29/58€152k€180k▲
Stocks and contracts in progress3€61k€66k▲
Stocks30/36€61k€66k▲
Amounts receivable within one year40/41€15k€30k▲
Trade receivables40€552€2k▲
Other amounts receivable41€15k€28k▲
Cash at bank and in hand54/58€67k€80k▲
Deferred charges and accrued income490/1€10k€3k▼
Equity and liabilities
Total equity and liabilities10/49€556k€495k▼
Equity10/15€-5k€68k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€-30k€43k▲
Amounts payable17/49€561k€428k▼
Amounts payable after more than one year17€255k€202k▼
Financial debts170/4€255k€202k▼
Amounts payable within one year42/48€306k€226k▼
Current portion of amounts payable after more than one year42€57k€83k▲
Trade debts44€115k€46k▼
Suppliers440/4€115k€46k▼
Taxes, remuneration and social security45€68k€76k▲
Taxes450/3€22k€25k▲
Remuneration and social security454/9€46k€51k▲
Other amounts payable47/48€66k€21k▼
Income statement
Code20242025
Remuneration, social security and pensions62€423k€465k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€95k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€663k€679k▲
Operating profit (loss)9901€141k€115k▼
Financial income75/76B€0€25▲
Recurring financial income75€0€25▲
Financial charges65/66B€16k€13k▼
Recurring financial charges65€16k€13k▼
Profit (loss) for the period before taxes9903€125k€102k▼
Income taxes67/77€652€30k▲
Profit (loss) for the period9904€125k€72k▼
Profit (loss) for the period to be appropriated9905€125k€72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€43k▲
Profit (loss) brought forward from the previous period14P€-154k€-30k▲
Social balance
Average headcount (FTE)908720.920.7▼
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €125k
Net result €125k after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.06
Current ratio from 0.27 to 1.06; short-term debt falls from €439k to €228k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet €-116k
Net result drops to €-116k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wemmel · 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.
Lt. Graffplein 151780 WemmelGround area
478 m²
Building footprint
522 m²
Volume, LiDAR
1,543 m³
2 parcels, Flanders, Wallonia · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PAPYRUS.T
since 20202.313.206.015
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53020A1209/00B005 | Wallonia | 331 m² | 1 · 378 m² | - |
| 22662B0387/00R004 | Flanders | 147 m² | 1 · 144 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 siteDour2.313.206.015
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Of 2,395 companies in sector 55100 we hold annual accounts for 1,517. 976 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-09-2020
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.