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 54 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
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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
PAPER MOON from Ukkel, company number BE0861768586, closed financial year 2025 with a result of € 80,238 after tax. For that financial year PAPER MOON recorded a gross margin of € 21,714 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 204,436 to € 80,238. 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 June 10, 2026.
€ 1.4 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 80,238
▼ 61% vs 2024
Profit after tax over the fiscal year.
€ 177,764
▲ € 166,311 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 € 1.4 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 114
▲ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -5,101 | € -2,928 | € -3,691 | € 21,714 | ▲ € 25,405 |
| Profit after taxes | € 755,783 | € 110,173 | € 204,436 | € 80,238 | ▼ 61% |
| Equity | € 999,972 | € 1,110,145 | € 1,314,581 | € 1,394,819 | ▲ 6% |
| Total debts | € 1,523,566 | € 1,381,392 | € 1,257,068 | € 1,414,941 | ▲ 13% |
| Cash | € 54,541 | € 19,340 | € 11,453 | € 177,764 | ▲ € 166,311 |
| Retained profit | € 981,372 | € 1,091,545 | € 1,295,981 | € 1,376,219 | ▲ 6% |
| Balance sheet total | € 2,523,538 | € 2,491,537 | € 2,571,649 | € 2,809,760 | ▲ 9% |
Key figures of PAPER MOON, 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 PAPER MOON?
What happened at PAPER MOON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 80,238 (▼ 61% vs 2024). Source: NBB ↗
- Nelly SPAAS became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Waterloo. KBO
In short
From € 755,783 profit in 2022 to € 80,238 profit in 2025.
Best year ever: 2022, with € 755,783 profit.
Management
Behind PAPER MOON is Nelly SPAAS. It owns 100% of Pentone Créations, 100% of Richmond Properties, 100% of Prospective and 100% of Albertson itself.
Directors
According to the 2025 annual accounts
Nelly SPAAS
Director
since 2010
Establishments
Establishment units
Physical locations of this company
René Gobertlaan 14 box 6
1180 Ukkel
Chaussée de Tervuren 98
1410 Waterloo
Active since 8 November 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →Maison L. Delgouffre-R. Louis et Cie
SOCIETE D'ETUDES ECONOMIQUES
€ 101,144 gross margin · 2025
Pâris et Associés
€ -2,014 gross margin · 2025
VINCADOM
€ 8,667 gross margin · 2025
RICHMOND PROPERTIES same network
€ 233,120 revenue · 2025
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0861.768.586
- VAT number
- BE 0861.768.586
- Registered office
- René Gobertlaan 14 bus 6, 1180 Ukkel
- Names & denominations
- PAPER MOON
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 2003
- Peppol
- Not registered