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 4 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PAPEL from Antwerpen, company number BE0766831421, closed financial year 2025 with a result of € 21,546 after tax. For that financial year PAPEL recorded a gross margin of € 56,407 and equity of € 2.1 million. Compared with financial year 2024, the result moved from € 141,956 to € 21,546. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 2.1 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 21,546
▼ 85% vs 2024
Profit after tax over the fiscal year.
€ 23,165
▲ € 20,378 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 € 971,938.
Debts at end 2025
€ 300,000
▼ 50% vs 2024
Loans from banks and other lenders, long and short.
€ 197,110
▲ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,764
▼ 92% vs 2024
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 | € 534,642 | € 200,427 | € 233,002 | € 56,407 | ▼ 76% |
| Profit after taxes | € 357,686 | € 450,749 | € 141,956 | € 21,546 | ▼ 85% |
| Equity | € 1,437,686 | € 1,888,436 | € 2,030,392 | € 2,051,938 | ▲ 1% |
| Total debts | € 1,766,918 | € 1,511,882 | € 1,226,619 | € 1,095,696 | ▼ 11% |
| Cash | € 19,892 | € 4,852 | € 2,787 | € 23,165 | ▲ € 20,378 |
| Retained profit | € 357,686 | € 1,888,436 | € 2,030,392 | € 971,938 | ▼ 52% |
| Bank debt | € 1,200,000 | € 900,000 | € 600,000 | € 300,000 | ▼ 50% |
| Balance sheet total | € 3,204,604 | € 3,400,318 | € 3,257,011 | € 3,147,634 | ▼ 3% |
Key figures of PAPEL, 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 PAPEL?
What happened at PAPEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- Advertainment BV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
- Marc Bresseel became a director. NBB
- Klaus Lommatzsch became a director. NBB
- Jerome Consult BV became a director. NBB
- Adveyes BV became a director. NBB
In short
From € 357,686 profit in 2022 to € 21,546 profit in 2025.
Paid € 213,186 in corporate taxes since 2022.
Best year ever: 2023, with € 450,749 profit.
A new publication or filing at PAPEL? 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
The stake of DUVAL UNION comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PAPELBehind PAPEL are Marc Bresseel, Klaus Lommatzsch, Advertainment BV, Jerome Consult BV and Adveyes BV. The shares are held by DUVAL UNION (49%). It owns 100% of Berlin itself.
Directors
According to the 2025 annual accounts
Marc Bresseel
Director
Also active at: BERLIN, DUVAL UNION, MARCOLOGY, DUVAL UNION ASSOCIATES, DUVAL UNION ACADEMY, OPINIONATION, OKONO
since 2021
Klaus Lommatzsch
Director
Also active at: BERLIN, BRAND BUILDERS, MMBSY, DUVAL UNION, Media-Architect, OPINIONATION, The Product Architects, MMPRESS +2 more
since 2021
since 2021
since 2021
since 2021
Shareholders
49%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Verlatstraat 12
2000 Antwerpen
Regine Beerplein 1 box D201
2018 Antwerpen
Active since 16 April 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →BERLIN same network
€ 2 million gross margin · 2025
MMBSY same network
€ 1.1 million gross margin · 2025
DUVAL UNION same network
€ -7,764 gross margin · 2025
DUVAL UNION ASSOCIATES same network
€ -196,903 gross margin · 2025
YOUMEN
€ 141,798 gross margin · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0766.831.421
- VAT number
- BE 0766.831.421
- Registered office
- Verlatstraat 12, 2000 Antwerpen
- Names & denominations
- PAPEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 April 2021
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van reclamebureaus