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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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAPILLON A3 from Sint-Jans-Molenbeek, company number BE0674826327, closed financial year 2025 with a result of € 5,564 after tax. For that financial year PAPILLON A3 recorded a gross margin of € 11,358 and equity of € 25,532. Compared with financial year 2024, the result moved from € -9,110 to € 5,564. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 25,532
▲ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,564
▲ still € 9,110 loss in 2024
Profit after tax over the fiscal year.
€ 3,248
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 6,932.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,087
▼ 40% 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.
€ 1,399
▼ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 54,988
▲ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 37,821 | € 6,984 | € -3,608 | € 11,358 | ▲ € 14,966 |
| Profit after taxes | € 26,545 | € 905 | € -9,110 | € 5,564 | ▲ € 14,674 |
| Equity | € 28,174 | € 29,078 | € 19,968 | € 25,532 | ▲ 28% |
| Total debts | € 134,655 | € 30,981 | € 54,504 | € 56,387 | ▲ 3% |
| Cash | € 28,297 | € 4,338 | € 10,423 | € 3,248 | ▼ 69% |
| Retained profit | € 9,574 | € 10,478 | € 1,368 | € 6,932 | ▲ € 5,564 |
| Bank debt | € 11 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 162,829 | € 60,059 | € 74,472 | € 81,919 | ▲ 10% |
Key figures of PAPILLON A3, 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 PAPILLON A3?
What happened at PAPILLON A3 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,564. filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Sint-Jans-Molenbeek. KBO
In short
From € 26,545 profit in 2022 to € 5,564 profit in 2025.
Paid € 5,428 in corporate taxes since 2022.
Best year ever: 2022, with € 26,545 profit.
Management
Behind PAPILLON A3 is Afshin Ghassemi.
Directors
According to the 2025 annual accounts
Afshin Ghassemi
Director
Establishments
Establishment units
Physical locations of this company
Louis Mettewielaan 31A
1080 Sint-Jans-Molenbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- DOGRU Necati(oprichter) 85.5%
- YILMAZ Karahasan(oprichter) 14.5%
Details
- Company number
- 0674.826.327
- VAT number
- BE 0674.826.327
- Registered office
- Louis Mettewielaan 31A, 1080 Sint-Jans-Molenbeek
- Names & denominations
- PAPILLON A3
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 April 2017
- Peppol
- Active · Active since 27 Feb 2026
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