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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Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2024; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2024.
Financials
Financial year 2024
PAPAGAYO ENTERPRISES from Gent, company number BE0422002656, closed financial year 2024 with a result of € 1,614 after tax. For that financial year PAPAGAYO ENTERPRISES recorded a gross margin of € 502,505 and equity of € 165,158. Compared with financial year 2023, the result moved from € 2,580 to € 1,614. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 4, 2025.
€ 165,158
▲ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,614
▼ 37% vs 2023
Profit after tax over the fiscal year.
€ 40,294
▼ 43% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -129,836.
People and assets in 2024
16.3
▲ 2.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 435,539
▲ 15% vs 2023
€ 26,700 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.
Debts at end 2024
€ 72,623
▼ 28% vs 2023
€ 25,468 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 54,662
▼ 68% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 165,578
▲ 84% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 246,863 | € 449,763 | € 436,733 | € 502,505 | ▲ 15% |
| Profit after taxes | € -2,305 | € -4,271 | € 2,580 | € 1,614 | ▼ 37% |
| Equity | € 165,234 | € 160,963 | € 163,543 | € 165,158 | ▲ 1% |
| Total debts | € 326,851 | € 399,189 | € 369,733 | € 314,979 | ▼ 15% |
| Cash | € 40,508 | € 88,759 | € 70,531 | € 40,294 | ▼ 43% |
| Land & buildings | € 171,152 | € 143,228 | € 157,169 | € 145,060 | ▼ 8% |
| Retained profit | € -129,759 | € -134,030 | € -131,450 | € -129,836 | ▲ € 1,614 |
| Bank debt | € 153,130 | € 120,710 | € 100,977 | € 72,623 | ▼ 28% |
| Balance sheet total | € 492,085 | € 560,152 | € 533,276 | € 480,137 | ▼ 10% |
| Employees (FTE) | 7.3 | 12.3 | 13.7 | 16.3 | ▲ 2.6 |
Key figures of PAPAGAYO ENTERPRISES, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to PAPAGAYO ENTERPRISES?
What happened at PAPAGAYO ENTERPRISES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Olivier Vandeputte stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 1,614 (▼ 37% vs 2023). filed late Source: NBB ↗
- Stichting Patrick De Beir became a director. NBB
- Paul Van Rengen became a director. NBB
- Olivier Vandeputte became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,305 loss in 2021 to € 1,614 profit in 2024.
Best year ever: 2023, with € 2,580 profit.
On average € 30,800 of value added per employee in 2024.
Management
The stake of INTERPHILA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PAPAGAYO ENTERPRISESBehind PAPAGAYO ENTERPRISES are Stichting Patrick De Beir and Paul Van Rengen. The shares are held by INTERPHILA (99.8%).
Directors
According to the 2024 annual accounts
Director
since 2024
since 2024
since 2021 · until 2027
Shareholders
99.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kammerstraat 20
9000 Gent
Kammerstraat 16-18-20
9000 Gent
Active since 1 July 1984
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0422.002.656
- VAT number
- BE 0422.002.656
- Registered office
- Kammerstraat 20, 9000 Gent
- Names & denominations
- PAPAGAYO ENTERPRISES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 October 1981
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Catering van evenementen
Uitzendkoks en verzorgen van feesten en recepties
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Gespecialiseerde detailhandel in postzegels en munten
Overige detailhandel in nieuwe artikelen neg
Gites, vakantiewoningen en -appartementen