OPENING OF BANKRUPTCY

HAPPY PAPER

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Financial year 2023 · closed on 31/03/2023

Net result

1,2 M €

+473.6% YoY

Gross margin

3 M €

+130.8% YoY

Equity

-248,3 k €

+83.2% YoY

Workforce

28,8 ETP

-1.7% YoY

Company — Opening of bankruptcy.

What does HAPPY PAPER do?

HAPPY PAPER is a Public limited company incorporated in 1969. Its main activity is: Manufacture of household and sanitary goods and of toilet requisites. Its registered office is in Enghien. It employs on average 28,8 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0406.946.969

Incorporation

18/12/1969

Legal form

Public limited company

Registered office

Rue des Ateliers(P.E.) 9
7850 Enghien · WallonieSee on map

Contributed capital

1 470 000,00 €

Latest accounts

31/03/2023

Average workforce

28,8 ETP

Activities (NACE)

17220Manufacture of household and sanitary goods and of toilet requisites· main 17220Manufacture of household and sanitary goods and of toilet requisites 51475Air transport 46493Wholesale of other household goods 46493Wholesale of other household goods

Joint committees (2)

Contacts

3 public details availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2023		2022		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3 M €	+131%	1,3 M €	-37.7%	2,1 M €	+26.1%	1,6 M €	+45.9%	1,1 M €	-19.6%	1,4 M €	-20.3%	1,8 M €	+45.2%	1,2 M €	-28.3%	1,7 M €	-18.0%	2,1 M €	+32.9%	1,5 M €	+26.3%	1,2 M €	+17.3%	1 M €	-19.2%	1,3 M €	+57.5%	819,9 k €
EBITDA	1,6 M €	+798%	183,4 k €	-79.5%	893,7 k €	+90.8%	468,3 k €	+1318%	-38,5 k €	+45.9%	-71,1 k €	-113%	538,1 k €	+2934%	-19 k €	-104%	457,4 k €	-44.0%	817,4 k €	+27.7%	640 k €	+13.0%	566,4 k €	+35.3%	418,7 k €	-30.3%	600,8 k €	+602%	85,6 k €
Operating result	1,4 M €	+1169%	-126,7 k €	-140%	320,4 k €	+296%	-163,4 k €	+70.5%	-554,9 k €	+37.7%	-891 k €	-920%	-87,3 k €	+86.7%	-656,3 k €	-342%	-148,6 k €	-161%	245 k €	+23.0%	199,1 k €	+315%	47,9 k €	+131%	-155,6 k €	-2185%	-6,8 k €	+98.6%	-495,6 k €
Net result	1,2 M €	+474%	-329,4 k €	-388%	114,3 k €	+131%	-373,5 k €	+52.0%	-777,6 k €	+46.8%	-1,5 M €	-583%	-214,2 k €	+71.6%	-753,3 k €	-256%	-211,7 k €	-170%	300,3 k €	+94.3%	154,5 k €	+901%	-19,3 k €	+89.2%	-179,2 k €	-169%	-66,7 k €	+87.2%	-520,5 k €
Balance sheet
Equity	-248,3 k €	+83.2%	-1,5 M €	-317%	-355 k €	+18.6%	-436,1 k €	-1143%	-35,1 k €	-119%	187,9 k €	-76.2%	790,8 k €	+96.5%	402,4 k €	-57.3%	943 k €	+67.1%	564,2 k €	+49.1%	378,5 k €	+44.3%	262,2 k €	+262%	72,5 k €	+140%	-181,6 k €	-0.4%	-181 k €
Total assets	2,5 M €	-11.1%	2,8 M €	-55.8%	6,2 M €	+13.0%	5,5 M €	+0.5%	5,5 M €	-15.6%	6,5 M €	-10.7%	7,3 M €	+20.2%	6,1 M €	+16.6%	5,2 M €	-2.9%	5,4 M €	+23.1%	4,3 M €	+1.6%	4,3 M €	+6.4%	4 M €	-9.2%	4,4 M €	+7.7%	4,1 M €
Cash	51,5 k €	+416%	10 k €	-81.5%	54,1 k €	-40.5%	90,8 k €	+73.7%	52,3 k €	+1780%	2,8 k €	-99.3%	416,4 k €	+781%	47,3 k €	-41.4%	80,6 k €	-86.0%	574,5 k €	+1057%	49,7 k €	-26.1%	67,2 k €	-73.6%	254,5 k €	+76.5%	144,2 k €	+1022%	12,9 k €
Debts	2,7 M €	-35.3%	4,1 M €	-37.2%	6,6 M €	+10.8%	5,9 M €	+7.2%	5,5 M €	-12.5%	6,3 M €	-2.6%	6,5 M €	+14.9%	5,6 M €	+32.8%	4,2 M €	-11.2%	4,8 M €	+20.6%	4 M €	-1.0%	4 M €	+2.4%	3,9 M €	-14.9%	4,6 M €	+7.4%	4,3 M €
Other
Workforce	28,8 ETP	-1.7%	29,3 ETP	-4.6%	30,7 ETP	+3.0%	29,8 ETP	+6.8%	27,9 ETP	-10.9%	31,3 ETP	+6.1%	29,5 ETP	+9.7%	26,9 ETP	-8.5%	29,4 ETP	+4.6%	28,1 ETP	+31.3%	21,4 ETP	+18.9%	18,0 ETP	-0.6%	18,1 ETP	-7.7%	19,6 ETP	-2.0%	20,0 ETP

Governance

Board of directors

Seen on filing of 31/03/2023 · 5 active · 23 ended

Active mandates

Jean-Loup Peeters

Director · since 27 septembre 2023

Active

Patrick Van Houtryve

Director · since 27 septembre 2023

Active

François De Witte

Director · until 27 septembre 2023

Active

Heal Consult

Managing director · 0732.564.487

Represented by Henry De Witte

Active

Wallonie Entreprendre

Director · until 28 juin 2023 · 0793.630.244

Represented by Thibaut Lifrange

Active

Ended mandates

Patrick Van houtryve

Director · since 30 septembre 2021

Ended

François De Witte

Director · since 06 mai 2019 · until 05 mai 2025

Ended

Henry De Witte

Managing director · since 06 mai 2019 · until 05 mai 2025

Ended

Paul De Witte

Managing director · since 06 mai 2019 · until 05 mai 2025

Ended

Annual accounts

Full financial information

	2023	2022	2021	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2022	01/04/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/03/2023	31/03/2022	31/03/2021	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	15 months	12 months	12 months	12 months
Filing date	27/10/2023	09/12/2022	28/10/2021	10/09/2020	14/08/2019	26/07/2018
General meeting	27/09/2023	02/12/2022	30/09/2021	18/08/2020	07/08/2019	29/06/2018
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2023	27/09/2023	27/10/2023	French	PDF
Abridged model	31/03/2022	02/12/2022	09/12/2022	French	PDF
Abridged model	31/03/2021	30/09/2021	28/10/2021	French	PDF
Abridged model	31/12/2019	18/08/2020	10/09/2020	French	PDF
Abridged model	31/12/2018	07/08/2019	14/08/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	26/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	25/07/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	10/08/2015	French	PDF
Abridged model	31/12/2013	26/06/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	06/05/2013	05/06/2013	French	PDF
Abridged model	31/12/2011	07/05/2012	06/06/2012	French	PDF
Abridged model	31/12/2010	02/05/2011	21/06/2011	French	PDF
Abridged model	31/12/2009	25/05/2010	28/06/2010	French	PDF
Abridged model	31/12/2008	29/06/2009	17/07/2009	French	PDF
Abridged model	31/12/2007	09/06/2008	14/07/2008	French	PDF
Abridged model	31/12/2006	07/05/2007	29/05/2007	French	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2023 · 5 active · 23 ended

Active mandates

Jean-Loup Peeters

Director · since 27 septembre 2023

Active

Patrick Van Houtryve

Director · since 27 septembre 2023

Active

François De Witte

Director · until 27 septembre 2023

Active

Heal Consult

Managing director · 0732.564.487

Represented by Henry De Witte

Active

Wallonie Entreprendre

Director · until 28 juin 2023 · 0793.630.244

Represented by Thibaut Lifrange

Active

Ended mandates

Patrick Van houtryve

Director · since 30 septembre 2021

Ended

François De Witte

Director · since 06 mai 2019 · until 05 mai 2025

Ended

Henry De Witte

Managing director · since 06 mai 2019 · until 05 mai 2025

Ended

Paul De Witte

Managing director · since 06 mai 2019 · until 05 mai 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates02/06/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares01/10/2021
CAPITAL, ACTIONS
PDF
Other06/01/2021
ASSEMBLEE GENERALE - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates30/09/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares08/11/2016
CAPITAL, ACTIONS
PDF
Capital / shares12/02/2016
CAPITAL, ACTIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2023
Annual accounts 20231,2 M €↑
2022
Annual accounts 2022-329,4 k €↓
2018
Annual accounts 2018114,3 k €↑
2017
Annual accounts 2017-373,5 k €↑
2016
Annual accounts 2016-777,6 k €↑
2015
Annual accounts 2015-1,5 M €↓
2014
Annual accounts 2014-214,2 k €↑
2013
Annual accounts 2013-753,3 k €↓
2012
Annual accounts 2012-211,7 k €↓
2011
Annual accounts 2011300,3 k €↑
2010
Annual accounts 2010154,5 k €↑
2009
Annual accounts 2009-19,3 k €↑
2008
Annual accounts 2008-179,2 k €↓
2007
Annual accounts 2007-66,7 k €↑
2006
Annual accounts 2006-520,5 k €
18/12/1969
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

HAPPY PAPER

Overview

What does HAPPY PAPER do?

Trend over 15 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline