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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
PAPNAM from Sambreville, company number BE0446316893, closed financial year 2025 with a result of € -2,999 after tax. For that financial year PAPNAM recorded a gross margin of € -2,798 and equity of € -1.1 million. Compared with financial year 2024, the result moved from € -10,190 to € -2,999. The company made a loss. 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 June 10, 2026.
€ -1.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,999
▲ 71 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,087
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 453,478
▲ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 745,917
Supplier invoices still open on the last day of the fiscal year.
€ 179,977
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -3,524 | € -3,370 | € -5,149 | € -2,798 | ▲ € 2,351 |
| Profit after taxes | € -59,532 | € -13,634 | € -10,190 | € -2,999 | ▲ € 7,191 |
| Equity | € -1,098,505 | € -1,112,588 | € -1,122,911 | € -1,125,910 | |
| Total debts | € 1,679,479 | € 1,681,532 | € 1,677,113 | € 1,680,352 | |
| Cash | € 12,530 | € 11,458 | € 1,523 | € 1,087 | ▼ 29% |
| Land & buildings | € 599,192 | € 590,245 | € 586,650 | € 586,445 | |
| Retained profit | € -1,772,490 | € -1,786,124 | € -1,796,314 | € -1,799,313 | |
| Bank debt | € 450,580 | € 450,580 | € 450,580 | € 453,478 | ▲ 1% |
| Balance sheet total | € 673,040 | € 661,009 | € 646,267 | € 646,508 |
Key figures of PAPNAM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to PAPNAM?
What happened at PAPNAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
PAPNAM is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2025: loss of € 2,999. filed late Source: NBB ↗
- New establishment in Sambreville. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,532 loss in 2022 to € 2,999 loss in 2025.
Paid € 27 in corporate taxes since 2022.
Establishments
Establishment units
Physical locations of this company
Rue du Charbonnage(AUV) 58
5060 Sambreville
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0446.316.893
- VAT number
- BE 0446.316.893
- Registered office
- Rue du Charbonnage(AUV) 58, 5060 Sambreville
- Names & denominations
- PAPNAM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 30 December 1991
- Peppol
- Not registered
- Activities · NACE
Terugwinning van materialen uit afval
Recycling van niet-metaalafval
Terugwinning van inerte afvalstoffen
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen
Groothandel in afval en schroot