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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 54.5 to 46.
Financials
Financial year 2025
Papyrus Belgium Papier from Dilbeek, company number BE0426246407, closed financial year 2025 with a result of € -190,963 after tax. For that financial year Papyrus Belgium Papier recorded revenue of € 52.2 million and equity of € 9.6 million. Compared with financial year 2024, the result moved from € -217,069 to € -190,963. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 22, 2026.
€ 9.6 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -190,963
▲ 12 % less loss than in 2024
Profit after tax over the fiscal year.
€ 9.5 million
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 581,988.
People and assets in 2025
46
▼ 8.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.2 million
▼ 10% vs 2024
€ 112,400 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.
€ 76,008
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5.6 million
▼ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 1.5 million
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 77,705,764 | € 64,360,656 | € 56,193,601 | € 52,227,724 | ▼ 7% |
| Profit after taxes | € 1,035,136 | € 1,560,062 | € -217,069 | € -190,963 | ▲ € 26,106 |
| Equity | € 10,165,626 | € 9,975,687 | € 9,758,618 | € 9,567,655 | ▼ 2% |
| Total debts | € 14,628,105 | € 14,746,450 | € 10,583,373 | € 7,639,591 | ▼ 28% |
| Cash | € 9,025,564 | € 15,159,347 | € 11,559,856 | € 9,458,529 | ▼ 18% |
| Retained profit | € 1,179,959 | € 990,020 | € 772,952 | € 581,988 | ▼ 25% |
| Dividend | € 0 | € 1,750,000 | € 0 | € 0 | |
| Balance sheet total | € 25,155,354 | € 24,965,456 | € 20,732,966 | € 17,415,160 | ▼ 16% |
| Employees (FTE) | 58 | 54.5 | 54.2 | 46 | ▼ 8.2 |
Key figures of Papyrus Belgium Papier, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Papyrus Belgium Papier?
What happened at Papyrus Belgium Papier in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jenö Szilágyi stepped down as director. NBB
- Jens Thurøe stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 190,963. Source: NBB ↗
- Jenö Szilágyi became a director. NBB
- Jens Thurøe became a director. NBB
- New establishment in Mechelen. KBO
- New establishment in Halle. KBO
- New establishment in Dilbeek. KBO
In short
From € 1 million profit in 2022 to € 190,963 loss in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.6 million profit.
Paid out € 1.8 million in dividends to the owners in total.
Management
The shares are held by Papyrus AB (100%) and Papyrus Sverige AB (0%).
Directors
According to the 2025 annual accounts
Jenö Szilágyi
Director
since 2025 · until 2031
Jens Thurøe
Managing director
since 2025 · until 2031
Shareholders
Papyrus AB
100%
Papyrus Sverige AB
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Noordkustlaan 16C
1702 Dilbeek
Oude Baan 1 box A
2800 Mechelen
Active since 1 November 2011
Noorderstraat 2
1500 Halle
Active since 1 June 1997
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
- 0426.246.407
- VAT number
- BE 0426.246.407
- Registered office
- Noordkustlaan 16C, 1702 Dilbeek
- Names & denominations
- Papyrus Belgium Papier · PAPYRUS - PB Papier
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 1984
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in kantoor- en schoolbenodigdheden
Groothandel in papierwaren, kantoor- en schoolbehoeften
Overige detailhandel in nieuwe artikelen neg
Groothandel in andere intermediaire producten, neg
Vervaardiging van papier en karton
Vervaardiging van karton
Overige gespecialiseerde detailhandel in artikelen, andere dan voedingsmiddelen, n.e.g.
Groothandel in overige intermediaire producten, n.e.g.
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