Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
HAPPY PAPER from Enghien, company number BE0406946969, closed financial year 2023 with a result of € 1.2 million after tax. For that financial year HAPPY PAPER recorded a gross margin of € 3 million and equity of € -248,260. Compared with financial year 2022, the result moved from € -329,371 to € 1.2 million. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2023.
€ -248,260
▲ € 1.2 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▲ still € 329,371 loss in 2022
Profit after tax over the fiscal year.
€ 51,526
▲ € 41,539 vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € -1.7 million.
People and assets in 2023
28.8
▼ 0.5 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▲ 20% vs 2022
€ 44,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 17,795
▲ 29% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 411,809
▼ 72% vs 2022
€ 12,500 is repaid this year. At this pace the long-term loan is gone in ≈ 33 years.
€ 1.5 million
▲ 10% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 266,130
▼ 71% vs 2022
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|
| Gross margin | € 1,288,544 | € 2,974,599 | ▲ 131% |
| Profit after taxes | € -329,371 | € 1,230,426 | ▲ € 1.6 million |
| Equity | € -1,478,686 | € -248,260 | ▲ € 1.2 million |
| Total debts | € 4,236,027 | € 2,699,962 | ▼ 36% |
| Cash | € 9,988 | € 51,526 | ▲ € 41,539 |
| Retained profit | € -2,948,686 | € -1,718,260 | ▲ € 1.2 million |
| Bank debt | € 1,483,978 | € 411,809 | ▼ 72% |
| Balance sheet total | € 2,757,340 | € 2,451,702 | ▼ 11% |
| Employees (FTE) | 29.3 | 28.8 | ▼ 0.5 |
Key figures of HAPPY PAPER, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 October 2024.
What happened to HAPPY PAPER?
What happened at HAPPY PAPER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
HAPPY PAPER is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 1.2 million. Source: NBB ↗
- Patrick Van Houtryve became a director. NBB
- Jean-Loup Peeters became a director. NBB
- François De Witte stepped down as director. NBB
- Wallonie Entreprendre stepped down as director. NBB
- New establishment in Enghien. KBO
- Start of the company according to the CBE. KBO
In short
From € 329,371 loss in 2022 to € 1.2 million profit in 2023.
Paid € 432 in corporate taxes since 2022.
Best year ever: 2023, with € 1.2 million profit.
On average € 103,300 of value added per employee in 2023.
Management
Behind HAPPY PAPER are Patrick Van Houtryve, Jean-Loup Peeters and Heal Consult BV.
Directors
According to the 2023 annual accounts
Patrick Van Houtryve
Director
since 2023
Jean-Loup Peeters
Director
since 2023
Managing director · represented by Henry De Witte
François De Witte
Director
· until 2023
Director · represented by Thibaut Lifrange
Also active at: Aciéries Somville, FRANKI, Fonderies J. Marichal Ketin et Cie, TUBES DE HAREN ET NIMY, SOGESTIMMO, T. PALM, NLMK LA LOUVIERE, PLASTURGIE LAZZERINI +46 more
· until 2023
Establishments
Establishment units
Physical locations of this company
Werkplaatsenstraat(P.E.) 9
7850 Enghien
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
HETZNER-AS, DE
Domain
Domain
happypaper.be
Registered
2000-01-20
Website info
Features
Security
Network
Details
- Company number
- 0406.946.969
- VAT number
- BE 0406.946.969
- Registered office
- Werkplaatsenstraat(P.E.) 9, 7850 Enghien
- Names & denominations
- HAPPY PAPER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 18 December 1969
- Peppol
- Not registered
- Activities · NACE
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