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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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ALTIS PAPER from Wommelgem, company number BE0450900441, closed financial year 2025 with a result of € -1,900 after tax. For that financial year ALTIS PAPER recorded a gross margin of € -239 and equity of € -14,481. Compared with financial year 2024, the result moved from € 1,239 to € -1,900. 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 August 31, 2026.
€ -14,481
▼ € 1,900 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,900
▼ still € 1,239 profit in 2024
Profit after tax over the fiscal year.
€ 1,827
▼ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -33,073.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 347
▲ 63% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 478
▼ 37% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 14,760 | € 6,477 | € 3,605 | € -239 | ▼ € 3,843 |
| Profit after taxes | € 11,793 | € 3,921 | € 1,239 | € -1,900 | ▼ € 3,139 |
| Equity | € -17,740 | € -13,820 | € -12,581 | € -14,481 | ▼ € 1,900 |
| Total debts | € 38,516 | € 37,473 | € 29,310 | € 18,103 | ▼ 38% |
| Cash | € 6,430 | € 17,174 | € 9,195 | € 1,827 | ▼ 80% |
| Retained profit | € -36,332 | € -32,412 | € -31,173 | € -33,073 | ▼ € 1,900 |
| Balance sheet total | € 20,776 | € 23,653 | € 16,729 | € 3,622 | ▼ 78% |
Key figures of ALTIS PAPER, 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 ALTIS PAPER?
What happened at ALTIS PAPER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,900 (▼ € 3,139 vs 2024). filed late Source: NBB ↗
- Patrick Franck became a director. NBB
- New establishment in Wommelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,793 profit in 2022 to € 1,900 loss in 2025.
Paid € 1,538 in corporate taxes since 2022.
Best year ever: 2022, with € 11,793 profit.
Management
Behind ALTIS PAPER is Patrick Franck.
Directors
According to the 2025 annual accounts
Patrick Franck
Director
since 1994
Establishments
Establishment units
Physical locations of this company
Vierbunder 8
2160 Wommelgem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.900.441
- VAT number
- BE 0450.900.441
- Registered office
- Vierbunder 8, 2160 Wommelgem
- Names & denominations
- ALTIS PAPER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 September 1993
- Peppol
- Active · Active since 13 Feb 2024
- Activities · NACE
Groothandel in kantoor- en schoolbenodigdheden
Groothandel in papierwaren, kantoor- en schoolbehoeften