ACTIVE

PAPYRO

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Financial year 2025 · closed on 31/12/2025

Net result

10,6 k €

-11.7% YoY

Gross margin

22,5 k €

-1.9% YoY

Equity

116,3 k €

+10.0% YoY

What does PAPYRO do?

PAPYRO is a Private limited company incorporated in 1994. Its main activity is: Retail sale of newspapers and stationery in specialised stores. Its registered office is in Ieper.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.961.987

Incorporation

22/06/1994

Legal form

Private limited company

Registered office

Boterstraat 17
8900 Ieper · FlandreSee on map

Contributed capital

37 184,03 €

Latest accounts

31/12/2025

Activities (NACE)

47620Retail sale of newspapers and stationery in specialised stores· main 47621Retail sale of newspapers and stationery in specialised stores 52470Warehousing and support activities for transportation 46496Wholesale of other household goods 46496Wholesale of other household goods 46499Wholesale of other household goods+9

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	22,5 k €	-1.9%	22,9 k €	+132%	9,9 k €	-43.9%	17,6 k €	+17.7%	14,9 k €	-12.2%	17 k €	+738%	2 k €	-72.5%	7,4 k €	-51.2%	15,1 k €	-18.2%	18,5 k €	-24.5%	24,5 k €	+19.2%	20,5 k €	-3.3%	21,2 k €	-13.9%	24,7 k €	+22.5%	20,1 k €	+13.6%	17,7 k €	-11.6%	20 k €	+7.3%	18,7 k €	-16.9%	22,5 k €	-19.1%	27,8 k €
EBITDA	20,4 k €	-3.0%	21 k €	+144%	8,6 k €	-46.8%	16,1 k €	+25.1%	12,9 k €	-13.7%	15 k €	+19167%	77,6 €	-98.5%	5,1 k €	-60.2%	12,9 k €	-19.3%	16 k €	-27.8%	22,2 k €	+32.6%	16,7 k €	-11.9%	19 k €	-11.5%	21,5 k €	+19.9%	17,9 k €	+12.0%	16 k €	-12.9%	18,4 k €	+20.2%	15,3 k €	-21.9%	19,6 k €	-21.2%	24,8 k €
Operating result	19,7 k €	-3.1%	20,3 k €	+185%	7,1 k €	-53.0%	15,2 k €	+42.0%	10,7 k €	-16.1%	12,7 k €	+587%	-2,6 k €	-192%	2,9 k €	-70.8%	9,8 k €	+19.1%	8,2 k €	-43.7%	14,6 k €	+53.6%	9,5 k €	-15.0%	11,2 k €	-22.8%	14,5 k €	-13.4%	16,7 k €	+60.4%	10,4 k €	-18.5%	12,8 k €	+46.8%	8,7 k €	-32.7%	12,9 k €	-28.7%	18,1 k €
Net result	10,6 k €	-11.7%	12 k €	+787%	-1,7 k €	-128%	6,3 k €	+2427%	248,5 €	-95.3%	5,3 k €	+146%	-11,4 k €	-136%	-4,8 k €	-656%	869,1 €	+359%	189,2 €	-96.3%	5,1 k €	+463%	905,3 €	-55.5%	2 k €	-61.1%	5,2 k €	-27.0%	7,2 k €	+177%	2,6 k €	-42.4%	4,5 k €	+245%	1,3 k €	-70.3%	4,4 k €	-49.0%	8,6 k €
Balance sheet
Equity	116,3 k €	+10.0%	105,7 k €	+12.8%	93,8 k €	-1.8%	95,5 k €	+7.0%	89,2 k €	+0.3%	89 k €	+6.3%	83,7 k €	-12.0%	95,1 k €	-4.8%	99,9 k €	+0.9%	99 k €	+0.2%	98,9 k €	+5.4%	93,8 k €	+1.0%	92,9 k €	+2.2%	90,8 k €	+6.1%	85,6 k €	+9.1%	78,4 k €	+3.4%	75,8 k €	+6.3%	71,3 k €	+1.9%	70 k €	+6.7%	65,7 k €
Total assets	167,3 k €	+9.9%	152,3 k €	+8.2%	140,7 k €	-1.8%	143,3 k €	+0.2%	143 k €	+1.8%	140,4 k €	+6.7%	131,6 k €	-9.3%	145,2 k €	-3.8%	150,9 k €	+1.2%	149,2 k €	-0.9%	150,5 k €	+1.4%	148,4 k €	+1.4%	146,4 k €	+1.6%	144,1 k €	+3.8%	138,8 k €	+0.8%	137,7 k €	+5.4%	130,7 k €	+2.7%	127,3 k €	+4.5%	121,8 k €	+1.2%	120,3 k €
Cash	53 k €	+25.8%	42,1 k €	+66.1%	25,4 k €	-31.0%	36,8 k €	-37.6%	58,9 k €	+9.7%	53,7 k €	+23.1%	43,6 k €	-12.6%	49,9 k €	+2.2%	48,8 k €	-6.4%	52,2 k €	+3.9%	50,2 k €	+1.7%	49,3 k €	+7.9%	45,7 k €	+18.1%	38,7 k €	-32.2%	57 k €	+0.8%	56,6 k €	+18.7%	47,7 k €	+18.6%	40,2 k €	+32.2%	30,4 k €	+8.9%	27,9 k €
Debts	50,9 k €	+9.6%	46,4 k €	-0.8%	46,8 k €	-1.8%	47,7 k €	-11.2%	53,7 k €	+4.5%	51,4 k €	+8.9%	47,2 k €	-5.3%	49,8 k €	-1.7%	50,6 k €	+1.7%	49,8 k €	-2.7%	51,2 k €	-4.6%	53,6 k €	+3.7%	51,7 k €	+2.2%	50,6 k €	-1.5%	51,4 k €	-10.6%	57,5 k €	+8.3%	53 k €	-0.8%	53,5 k €	+7.2%	49,9 k €	-0.2%	50 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,0 ETP	-100%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

STEFAAN (000-000) DEMEULEMEESTER

Director

Active

Ended mandates

STEFAAN DEMEULEMEESTER

Director

Ended

STEFAAN DEMEULEMEESTER

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/07/2026	17/06/2025	21/06/2024	12/06/2023	20/06/2022	30/06/2021
General meeting	13/06/2026	14/06/2025	08/06/2024	10/06/2023	11/06/2022	12/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	13/06/2026	01/07/2026	Dutch	PDF
Micro model	31/12/2024	14/06/2025	17/06/2025	Dutch	PDF
Micro model	31/12/2023	08/06/2024	21/06/2024	Dutch	PDF
Micro model	31/12/2022	10/06/2023	12/06/2023	Dutch	PDF
Micro model	31/12/2021	11/06/2022	20/06/2022	Dutch	PDF
Micro model	31/12/2020	12/06/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	13/06/2020	24/06/2020	Dutch	PDF
Micro model	31/12/2018	08/06/2019	19/06/2019	Dutch	PDF
Micro model	31/12/2017	09/06/2018	11/06/2018	Dutch	PDF
Micro model	31/12/2016	10/06/2017	13/06/2017	Dutch	PDF
Abridged model	31/12/2015	11/06/2016	15/06/2016	Dutch	PDF
Abridged model	31/12/2014	13/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	16/06/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	14/06/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	11/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	14/06/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	23/06/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	18/06/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2025 · 1 active · 2 ended

Active mandates

STEFAAN (000-000) DEMEULEMEESTER

Director

Active

Ended mandates

STEFAAN DEMEULEMEESTER

Director

Ended

STEFAAN DEMEULEMEESTER

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 202510,6 k €↓
2024
Annual accounts 202412 k €↑
2023
Annual accounts 2023-1,7 k €↓
2022
Annual accounts 20226,3 k €↑
2021
Annual accounts 2021248,5 €↓
2020
Annual accounts 20205,3 k €↑
2019
Annual accounts 2019-11,4 k €↓
2018
Annual accounts 2018-4,8 k €↓
2017
Annual accounts 2017869,1 €↑
2016
Annual accounts 2016189,2 €↓
2015
Annual accounts 20155,1 k €↑
2014
Annual accounts 2014905,3 €↓
2013
Annual accounts 20132 k €↓
2012
Annual accounts 20125,2 k €↓
2011
Annual accounts 20117,2 k €↑
2010
Annual accounts 20102,6 k €↓
2009
Annual accounts 20094,5 k €↑
2008
Annual accounts 20081,3 k €↓
2007
Annual accounts 20074,4 k €↓
2006
Annual accounts 20068,6 k €
22/06/1994
IncorporationPrivate 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

PAPYRO

Overview

What does PAPYRO do?

Trend over 20 financial years

Indicative valuation

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