PAP Partners
0467.048.466 · rovalta.com · 23/09/2026
ACTIVE
PAP Partners
Financial year 2024 · closed on 31/12/2024
Net result
-32,5 k €
-311.4% YoY
Gross margin
-29,9 k €
-180.8% YoY
Equity
57,6 k €
-36.1% YoY
Overview
What does PAP Partners do?
PAP Partners is a Private limited company incorporated in 1999. Its main activity is: Advertising agencies. Its registered office is in Woluwe-Saint-Pierre.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0467.048.466
Incorporation
13/10/1999
Legal form
Private limited company
Registered office
Rue François Gay 279
1150 Woluwe-Saint-Pierre · BruxellesSee on map
1150 Woluwe-Saint-Pierre · BruxellesSee on map
Contributed capital
18 592,01 €
Latest accounts
31/12/2024
Activities (NACE)
Joint committees (1)
- 209
Signals
Solid equityLow riskGood liquidityHealthy social debts
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Financials
Trend over 18 financial years
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | -29,9 k € | -181% | 37,1 k € | -70.0% | 123,6 k € | +5.5% | 117,2 k € | +27.3% | 92 k € | +37.5% | 66,9 k € | +12.1% | 59,7 k € | +115% | 27,8 k € | +33.3% | 20,8 k € | +281% | 5,5 k € | -78.6% | 25,6 k € | +223% | -20,8 k € | -448% | -3,8 k € | -119% | 19,9 k € | +544% | -4,5 k € | -1347% | 360,3 € | -82.4% | 2,1 k € | +131% | -6,6 k € |
| EBITDA | -31,3 k € | -336% | -7,2 k € | -113% | 55,9 k € | -0.2% | 56 k € | +298% | 14,1 k € | -35.1% | 21,6 k € | -22.4% | 27,9 k € | +243% | 8,1 k € | -60.3% | 20,5 k € | +321% | 4,9 k € | -80.5% | 25 k € | +216% | -21,5 k € | -380% | -4,5 k € | -123% | 19,2 k € | +472% | -5,2 k € | -1486% | -326,2 € | -123% | 1,4 k € | +119% | -7,2 k € |
| Operating result | -32,5 k € | -263% | -9 k € | -116% | 54,7 k € | +13.5% | 48,2 k € | +709% | 6 k € | -54.2% | 13 k € | -52.9% | 27,7 k € | +302% | 6,9 k € | -66.0% | 20,2 k € | +316% | 4,9 k € | -80.5% | 25 k € | +209% | -23 k € | -273% | -6,2 k € | -136% | 17,3 k € | +330% | -7,5 k € | -171% | -2,8 k € | -166% | -1 k € | +89.0% | -9,5 k € |
| Net result | -32,5 k € | -311% | -7,9 k € | -123% | 33,9 k € | +18.2% | 28,7 k € | +569% | 4,3 k € | -48.8% | 8,4 k € | -54.2% | 18,3 k € | +308% | 4,5 k € | -66.3% | 13,3 k € | +337% | 3,1 k € | -81.0% | 16,1 k € | +169% | -23,2 k € | -269% | -6,3 k € | -137% | 17,1 k € | +323% | -7,7 k € | -161% | -2,9 k € | -146% | -1,2 k € | +87.6% | -9,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 57,6 k € | -36.1% | 90,1 k € | -8.1% | 98 k € | +52.9% | 64,1 k € | +81.1% | 35,4 k € | +13.8% | 31,1 k € | +36.9% | 22,7 k € | +415% | 4,4 k € | +6234% | -72 € | +99.5% | -13,4 k € | +18.5% | -16,5 k € | +49.4% | -32,5 k € | -247% | -9,4 k € | -203% | -3,1 k € | +84.7% | -20,2 k € | -61.2% | -12,5 k € | -30.6% | -9,6 k € | -14.2% | -8,4 k € |
| Total assets | 144,5 k € | -10.1% | 160,8 k € | -23.3% | 209,6 k € | +5.6% | 198,5 k € | +29.4% | 153,4 k € | +15.8% | 132,5 k € | +68.4% | 78,6 k € | +20.7% | 65,1 k € | -9.1% | 71,7 k € | +101% | 35,7 k € | +58.0% | 22,6 k € | +271% | 6,1 k € | -29.8% | 8,7 k € | -16.7% | 10,4 k € | -24.0% | 13,7 k € | -35.8% | 21,3 k € | +22.7% | 17,4 k € | -16.1% | 20,7 k € |
| Cash | 85,8 k € | +38.0% | 62,2 k € | -45.1% | 113,2 k € | +223% | 35 k € | -60.7% | 89,3 k € | +418% | 17,2 k € | +148% | 7 k € | +352% | 1,5 k € | -90.8% | 16,7 k € | +198% | 5,6 k € | -61.0% | 14,4 k € | +117430% | 12,3 € | – | 2,3 k € | +144% | 937,2 € | -87.7% | 7,6 k € | – | – | ||||
| Debts | 86,9 k € | +22.9% | 70,7 k € | -36.6% | 111,6 k € | -17.0% | 134,4 k € | +13.9% | 118 k € | +16.4% | 101,4 k € | +81.3% | 55,9 k € | -7.9% | 60,7 k € | -15.4% | 71,8 k € | +46.3% | 49,1 k € | +25.7% | 39 k € | +1.1% | 38,6 k € | +122% | 17,4 k € | +28.7% | 13,5 k € | -60.2% | 33,9 k € | +0.1% | 33,9 k € | +25.5% | 27 k € | -7.4% | 29,1 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | 0,9 ETP | -30.8% | 1,3 ETP | 0.0% | 1,3 ETP | -38.1% | 2,1 ETP | – | 1,0 ETP | 0.0% | 1,0 ETP | – | – | – | – | – | – | – | – | – | – | |||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2023 · 1 active · 5 ended
Active mandates
Philippe KIEFFER
ActiveEnded mandates
Allbert BAYOT
EndedPhilippe KIEFFER
EndedPhilippe KIEFFER
EndedPierre GILBERT
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
MARIE-CLAUDE JACOBS● Active | 0823.544.450 |
MEUBELEN KIEFFER● Active | 0450.815.913 |
Financials
Annual accounts
Full financial information
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 |
| Closing of the financial year | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 29/09/2025 | 14/08/2024 | 28/07/2023 | 31/08/2022 | 31/08/2021 | 30/09/2020 |
| General meeting | 31/05/2025 | 31/05/2024 | 26/05/2023 | 31/05/2022 | 31/05/2021 | 21/09/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2024 | 31/05/2025 | 29/09/2025 | French | |
| Abridged model | 31/12/2023 | 31/05/2024 | 14/08/2024 | French | |
| Abridged model | 31/12/2022 | 26/05/2023 | 28/07/2023 | French | |
| Abridged model | 31/12/2021 | 31/05/2022 | 31/08/2022 | French | |
| Abridged model | 31/12/2020 | 31/05/2021 | 31/08/2021 | French | |
| Abridged model | 31/12/2019 | 21/09/2020 | 30/09/2020 | French | |
| Abridged model | 31/12/2018 | 31/05/2019 | 31/08/2019 | French | |
| Abridged model | 31/12/2017 | 31/05/2018 | 24/08/2018 | French | |
| Abridged model | 31/12/2016 | 31/05/2017 | 27/07/2017 | French | |
| Abridged model | 31/12/2015 | 31/05/2016 | 04/08/2016 | French | |
| Abridged model | 31/12/2014 | 31/05/2015 | 31/08/2015 | French | |
| Abridged model | 31/12/2013 | 31/05/2014 | 30/06/2014 | French | |
| Abridged model | 31/12/2012 | 30/06/2013 | 30/07/2013 | French | |
| Abridged model | 31/12/2011 | 30/06/2012 | 30/07/2012 | French | |
| Abridged model | 31/12/2010 | 30/06/2011 | 28/07/2011 | French | |
| Abridged model | 31/12/2009 | 30/06/2010 | 31/07/2010 | French | |
| Abridged model | 31/12/2008 | 30/06/2009 | 28/07/2009 | French | |
| Abridged model | 31/12/2007 | 30/06/2008 | 28/07/2008 | French | |
| Abridged model | 31/12/2006 | 30/06/2007 | 30/07/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2023 · 1 active · 5 ended
Active mandates
Philippe KIEFFER
ActiveEnded mandates
Allbert BAYOT
EndedPhilippe KIEFFER
EndedPhilippe KIEFFER
EndedPierre GILBERT
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates12/07/2023MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2024Annual accounts 2024-32,5 k €↓
- 2023Annual accounts 2023-7,9 k €↓
- 2022Annual accounts 202233,9 k €↑
- 2021Annual accounts 202128,7 k €↑
- 2020Annual accounts 20204,3 k €↓
- 2019Annual accounts 20198,4 k €↓
- 2018Annual accounts 201818,3 k €↑
- 2017Annual accounts 20174,5 k €↓
- 2016Annual accounts 201613,3 k €↑
- 2015Annual accounts 20153,1 k €↓
- 2014Annual accounts 201416,1 k €↑
- 2013Annual accounts 2013-23,2 k €↓
- 2012Annual accounts 2012-6,3 k €↓
- 2011Annual accounts 201117,1 k €↑
- 2010Annual accounts 2010-7,7 k €↓
- 2009Annual accounts 2009-2,9 k €↓
- 2008Annual accounts 2008-1,2 k €↑
- 2007Annual accounts 2007-9,6 k €
- 13/10/1999IncorporationPrivate limited company