Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
31 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
KARPACO from Antwerpen, company number BE0454214871, closed financial year 2025 with a result of € 6,537 after tax. For that financial year KARPACO recorded a gross margin of € 92,497 and equity of € 370,655. Compared with financial year 2024, the result moved from € 125,877 to € 6,537. The company is profitable. 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 July 31, 2026.
€ 370,655
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,537
▼ 95% vs 2024
Profit after tax over the fiscal year.
€ 4,824
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 57,369 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 37,085
▼ 31% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 19,828
▲ 203% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 149,198
▼ 9% vs 2024
€ 15,575 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 15,848
▲ 148% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,828
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 55,775 | € 95,893 | € 86,769 | € 92,497 | ▲ 7% |
| Profit after taxes | € 191,256 | € 60,383 | € 125,877 | € 6,537 | ▼ 95% |
| Equity | € 306,227 | € 295,610 | € 421,487 | € 370,655 | ▼ 12% |
| Total debts | € 85,918 | € 174,033 | € 232,685 | € 245,588 | ▲ 6% |
| Cash | € 10,327 | € 9,488 | € 7,275 | € 4,824 | ▼ 34% |
| Retained profit | € 287,677 | € 277,060 | € 402,937 | € 352,105 | ▼ 13% |
| Dividend | € 100,000 | € 71,000 | € 0 | € 57,369 | |
| Bank debt | € 0 | € 0 | € 164,163 | € 149,198 | ▼ 9% |
| Balance sheet total | € 392,145 | € 469,642 | € 654,172 | € 616,242 | ▼ 6% |
| Employees (FTE) | 0.8 | 0.8 | 0.8 | 0 | ▼ 0.8 |
Key figures of KARPACO, 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 KARPACO?
What happened at KARPACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 6,537 (▼ 95% vs 2024). Source: NBB ↗
- Thomas Storms became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 191,256 profit in 2022 to € 6,537 profit in 2025.
Paid € 18,024 in corporate taxes since 2022.
Best year ever: 2022, with € 191,256 profit.
Paid out € 228,369 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind KARPACO are Thomas Storms, Thierry Storms and Miriam Van Oost. The shares are held by Storm Solutions. It owns 99.9% of Paper Partners BV itself.
Directors
According to the 2025 annual accounts
since 2017
Thierry Storms
Director
Miriam Van Oost
Director
Shareholders
Participations
Paper Partners BV
99.9%
Establishments
Establishment units
Physical locations of this company
Noorderlaan 98 box 28
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 31 companies are registered at this address.
All companies at this address →Horn Oil and Coal Company
Schaldis Houtimport
Groep Algemene Uitgevers
GROEP EDUCATIEVE EN WETENSCHAPPELIJKE UITGEVERS
BENELUX MULTISERVICES LOGISTICS
€ 4.4 million gross margin · 2025
+26 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
paperpartners.nl
Registered
1999-07-12
Registrar
Infracom Internet B.V.
Website info
Features
Security
Details
- Company number
- 0454.214.871
- VAT number
- BE 0454.214.871
- Registered office
- Noorderlaan 98 bus 28, 2030 Antwerpen
- Names & denominations
- KARPACO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1994
- Peppol
- Active · Active since 14 Nov 2025
- Contact
- paperpartners.nl
- Activities · NACE
Groothandel in kantoor- en schoolbenodigdheden
Niet-gespecialiseerde groothandel
Overige groothandel
Handelsbemiddeling in de groothandel in andere specifieke goederen
Handelsbemiddeling gespecialiseerd in overige goederen, n.e.g.