Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2022; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
PAPI from Elsene, company number BE0655679319, closed financial year 2022 with a result of € 1,770 after tax. For that financial year PAPI recorded a gross margin of € 16,487 and equity of € -6,458. Compared with financial year 2021, the result moved from € -18,606 to € 1,770. Profitable, and profit is growing. 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 September 29, 2023.
€ -6,458
▲ € 1,770 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,770
▲ still € 18,606 loss in 2021
Profit after tax over the fiscal year.
€ 1,653
▼ 61% vs 2021
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2022. Retained profit grew to € -25,058.
People and assets in 2022
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 11,737
▲ 2% vs 2021
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2022
€ 89
Loans from banks and other lenders, long and short.
€ 3,989
▲ 106% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 7,399
▼ 26% vs 2021
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € -3,929 | € 16,487 | ▲ € 20,416 |
| Profit after taxes | € -18,606 | € 1,770 | ▲ € 20,376 |
| Equity | € -8,228 | € -6,458 | ▲ € 1,770 |
| Total debts | € 21,963 | € 21,099 | ▼ 4% |
| Cash | € 4,203 | € 1,653 | ▼ 61% |
| Retained profit | € -26,828 | € -25,058 | ▲ € 1,770 |
| Bank debt | € 0 | € 89 | |
| Balance sheet total | € 13,735 | € 14,641 | ▲ 7% |
Key figures of PAPI, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to PAPI?
What happened at PAPI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
PAPI is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: profit of € 1,770. filed late Source: NBB ↗
- Ohtmane Bouzakhti became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 18,606 loss in 2021 to € 1,770 profit in 2022.
Best year ever: 2022, with € 1,770 profit.
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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
Directors
According to the 2022 annual accounts
Ohtmane Bouzakhti
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Scepterstraat 14
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0655.679.319
- VAT number
- BE 0655.679.319
- Registered office
- Scepterstraat 14, 1050 Elsene
- Names & denominations
- PAPI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 26 May 2016
- Peppol
- Not registered
- Activities · NACE
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)