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 3 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 1 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
PUBLIC AFFAIRS AND POLICY ADVICE INTERNATIONAL ASSOCIATES from Sint-Lambrechts-Woluwe, company number BE0478312047, closed financial year 2025 with a result of € -55,154 after tax. For that financial year PUBLIC AFFAIRS AND POLICY ADVICE INTERNATIONAL ASSOCIATES recorded a gross margin of € 11,743 and equity of € -303,476. Compared with financial year 2024, the result moved from € -104,449 to € -55,154. 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 February 3, 2026.
€ -303,476
▼ € 55,155 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -55,154
▲ 47 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,555
▲ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -532,076.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 1,383
▲ 42% 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.
€ 1,172
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,041
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -63,127 | € -121,554 | € -36,708 | € 11,743 | ▲ € 48,451 |
| Profit after taxes | € -107,925 | € -173,111 | € -104,449 | € -55,154 | ▲ € 49,295 |
| Equity | € 29,239 | € -143,872 | € -248,321 | € -303,476 | ▼ € 55,155 |
| Total debts | € 326,461 | € 470,583 | € 542,360 | € 573,996 | ▲ 6% |
| Cash | € 3,351 | € 7,798 | € 2,032 | € 3,555 | ▲ 75% |
| Land & buildings | € 344,868 | € 317,337 | € 289,806 | € 262,264 | ▼ 10% |
| Retained profit | € -199,361 | € -372,472 | € -476,921 | € -532,076 | ▼ € 55,155 |
| Bank debt | € 25,882 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 355,700 | € 326,711 | € 294,039 | € 270,520 | ▼ 8% |
Key figures of PUBLIC AFFAIRS AND POLICY ADVICE INTERNATIONAL ASSOCIATES, 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 January 2027.
What happened to PUBLIC AFFAIRS AND POLICY ADVICE INTERNATIONAL ASSOCIATES?
What happened at PUBLIC AFFAIRS AND POLICY ADVICE INTERNATIONAL ASSOCIATES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 55,155. filed late Source: NBB ↗
- New establishment in Sint-Lambrechts-Woluwe. KBO
- Start of the company according to the CBE. KBO
In short
From € 107,925 loss in 2022 to € 55,155 loss in 2025.
Paid € 2,899 in corporate taxes since 2022.
A new publication or filing at PUBLIC AFFAIRS AND POLICY ADVICE INTERNATIONAL ASSOCIATES? We notify you, reason included.
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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 PUBLIC AFFAIRS AND POLICY ADVICE INTERNATIONAL ASSOCIATES is Michael Tscherny.
Directors
According to the 2025 annual accounts
Michael Tscherny
Director
Establishments
Establishment units
Physical locations of this company
J.G. Van Goolenlaan 9
1200 Sint-Lambrechts-Woluwe
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.312.047
- VAT number
- BE 0478.312.047
- Registered office
- J.G. Van Goolenlaan 9, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- PUBLIC AFFAIRS AND POLICY ADVICE INTERNATIONAL ASSOCIATES · PAPAIA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 September 2002
- Peppol
- Not registered