Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 8.2 to 6.9.
Financials
Financial year 2025
PAPPERAS from Koksijde, company number BE0777351664, closed financial year 2025 with a result of € 344,131 after tax. For that financial year PAPPERAS recorded a gross margin of € 1.1 million and equity of € 185,368. Compared with financial year 2024, the result moved from € 266,779 to € 344,131. Profitable, and profit is growing. The buffer shrank hard: equity is 69 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 185,368
▼ 69% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 344,131
▲ 29% vs 2024
Profit after tax over the fiscal year.
€ 56,944
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 719,384 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
6.9
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 482,193
▲ 11% vs 2024
€ 69,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 13,654
▲ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 353,732
▼ 30% vs 2024
Loans from banks and other lenders, long and short.
€ 29,101
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 107,934
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 765,434 | € 912,094 | € 922,800 | € 1,096,218 | ▲ 19% |
| Profit after taxes | € 140,847 | € 213,089 | € 266,779 | € 344,131 | ▲ 29% |
| Equity | € 160,847 | € 350,304 | € 589,384 | € 185,368 | ▼ 69% |
| Total debts | € 850,849 | € 891,667 | € 691,367 | € 552,433 | ▼ 20% |
| Cash | € 313,317 | € 165,639 | € 728,299 | € 56,944 | ▼ 92% |
| Retained profit | € 140,847 | € 330,304 | € 569,384 | € 165,368 | ▼ 71% |
| Dividend | € 0 | € 0 | € 0 | € 719,384 | |
| Bank debt | € 700,000 | € 700,036 | € 505,462 | € 353,732 | ▼ 30% |
| Balance sheet total | € 1,011,696 | € 1,241,971 | € 1,283,251 | € 737,802 | ▼ 43% |
| Employees (FTE) | - | 8.2 | 7.8 | 6.9 | ▼ 0.9 |
Key figures of PAPPERAS, 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 PAPPERAS?
What happened at PAPPERAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 344,131 (▲ 29% vs 2024). Source: NBB ↗
- New establishment in Koksijde. KBO
- Pepijn Raeymaekers became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 140,847 profit in 2022 to € 344,131 profit in 2025.
Paid € 314,151 in corporate taxes since 2022.
Best year ever: 2025, with € 344,131 profit.
On average € 158,900 of value added per employee in 2025.
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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 2025 annual accounts
Pepijn Raeymaekers
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Koksijdesteenweg(Odk) 74
8670 Koksijde
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
Self-hosted
Hosting
WIX_COM, IL
Website info
Features
Security
Network
Details
- Company number
- 0777.351.664
- VAT number
- BE 0777.351.664
- Registered office
- Koksijdesteenweg(Odk) 74, 8670 Koksijde
- Names & denominations
- PAPPERAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 November 2021
- Peppol
- Active · Active since 3 Jan 2025
- Contact
- papperas.be 058 626 818
- Activities · NACE
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Diverse administratieve activiteiten ten behoeve van kantoren