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 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2024; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
LA PAPETERIE from Waremme, company number BE0450463347, closed financial year 2024 with a result of € -52,765 after tax. For that financial year LA PAPETERIE recorded a gross margin of € 212,255 and equity of € 104,638. Compared with financial year 2023, the result moved from € -9,373 to € -52,765. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ 104,638
▼ 34% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -52,765
▼ 463 % more loss than in 2023
Profit after tax over the fiscal year.
€ 34,677
▲ 103% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -179,253.
People and assets in 2024
6.9
▼ 1.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 203,680
▼ 30% vs 2023
€ 29,500 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.
€ 20,182
▼ 33% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 59,566
▲ 74% vs 2023
€ 11,515 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 83,000
▼ 56% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 87,787
▲ 93% vs 2023
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Revenue | € 1,133,071 | - | - | |
| Gross margin | € 221,220 | € 355,805 | € 212,255 | ▼ 40% |
| Profit after taxes | € -21,823 | € -9,373 | € -52,765 | ▼ € 43,392 |
| Equity | € 166,775 | € 157,403 | € 104,638 | ▼ 34% |
| Total debts | € 550,012 | € 526,793 | € 472,532 | ▼ 10% |
| Cash | € 3,548 | € 17,110 | € 34,677 | ▲ 103% |
| Land & buildings | € 232,337 | € 211,080 | € 196,908 | ▼ 7% |
| Retained profit | € -132,266 | € -138,609 | € -179,253 | ▼ € 40,644 |
| Bank debt | € 58,107 | € 34,153 | € 59,566 | ▲ 74% |
| Balance sheet total | € 716,787 | € 684,195 | € 577,170 | ▼ 16% |
| Employees (FTE) | 7.6 | 8.3 | 6.9 | ▼ 1.4 |
Key figures of LA PAPETERIE, fiscal years 2022 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 LA PAPETERIE?
What happened at LA PAPETERIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
LA PAPETERIE is active according to the CBE. Legal situation: Opening faillissement.
- Tanguy VESTRAET stepped down as director. NBB
- Cécile RIGA stepped down as director. NBB
- Geoffrey VESTRAET stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 52,765. filed late Source: NBB ↗
- Tanguy VESTRAET became a director. NBB
- Cécile RIGA became a director. NBB
- Geoffrey VESTRAET became a director. NBB
- New establishment in Waremme. KBO
In short
From € 21,823 loss in 2022 to € 52,765 loss in 2024.
Paid € 600 in corporate taxes since 2022.
On average € 30,800 of value added per employee in 2024.
Management
The shares are held by Cécile RIGA (97.5%), Cédric VESTRAET (0.5%), Thibault VESTRAET (0.5%), Tanguy VESTRAET (0.5%), Maxime VESTRAET (0.5%) and Geoffrey VESTRAET (0.5%).
Directors
According to the 2024 annual accounts
since 2020 · until 2026
since 2020 · until 2026
Geoffrey VESTRAET
Director
Owns 0.5% directly
since 2020 · until 2026
Shareholders
Cécile RIGA
97.5%
Cédric VESTRAET
0.5%
Thibault VESTRAET
0.5%
Tanguy VESTRAET · director
0.5%
Maxime VESTRAET
0.5%
Geoffrey VESTRAET · director
0.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Huy 28
4300 Waremme
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
- 0450.463.347
- VAT number
- BE 0450.463.347
- Registered office
- Rue de Huy 28, 4300 Waremme
- Names & denominations
- LA PAPETERIE · PAPETERIE · MAXIMUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 24 June 1993
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
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