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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
POPAY CORPORATE from Merelbeke-Melle, company number BE0866523170, closed financial year 2025 with a result of € -529,489 after tax. For that financial year POPAY CORPORATE recorded a gross margin of € -123,959 and equity of € -751,338. Compared with financial year 2024, the result moved from € -358,091 to € -529,489. The company made a loss. 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 July 28, 2026.
€ -751,338
▼ € 529,489 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -529,489
▼ 48 % more loss than in 2024
Profit after tax over the fiscal year.
€ 26,645
▼ 44% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -842,339.
People and assets in 2025
€ 47,653
▲ 3% vs 2024
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 2025
€ 780,059
▲ 49% vs 2024
Loans from banks and other lenders, long and short.
€ 3.3 million
▲ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,281
▲ 106% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 97,862 | € -212,779 | € -69,441 | € -123,959 | ▼ € 54,518 |
| Profit after taxes | € -84,844 | € -342,156 | € -358,091 | € -529,489 | ▼ € 171,398 |
| Equity | € 478,397 | € 136,241 | € -221,850 | € -751,338 | ▼ € 529,489 |
| Total debts | € 1,459,185 | € 2,145,628 | € 2,996,758 | € 4,380,814 | ▲ 46% |
| Cash | € 75,649 | € 63,638 | € 47,897 | € 26,645 | ▼ 44% |
| Retained profit | € 387,397 | € 45,241 | € -312,850 | € -842,339 | ▼ € 529,489 |
| Bank debt | € 435,904 | € 465,523 | € 523,406 | € 780,059 | ▲ 49% |
| Balance sheet total | € 1,937,582 | € 2,281,869 | € 2,774,908 | € 3,629,476 | ▲ 31% |
Key figures of POPAY CORPORATE, 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 POPAY CORPORATE?
What happened at POPAY CORPORATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 529,489. Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Kataliz became a director. NBB
- CHANGE IT BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 84,844 loss in 2022 to € 529,489 loss in 2025.
Paid € 5,528 in corporate taxes since 2022.
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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
Behind POPAY CORPORATE are Kataliz and CHANGE IT BV. It owns 95.6% of POPAY NL BV, 60% of Popay Africa Ltd and 51% of POPAY BE BV itself.
Directors
According to the 2025 annual accounts
Director · represented by Pierre Lamboray
since 2004
Director · represented by Bert Vandenbussche
since 2004
Establishments
Establishment units
Physical locations of this company
Gentbos 10
9820 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0866.523.170
- VAT number
- BE 0866.523.170
- Registered office
- Gentbos 10, 9820 Merelbeke-Melle
- Names & denominations
- POPAY CORPORATE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 July 2004
- Peppol
- Active · Active since 23 Jul 2026
- Contact
- [email protected] +32494853921
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
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Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Diverse administratieve activiteiten ten behoeve van kantoren