NORMAL SITUATION

PAPYO

Financial year 2025 · closed on 30/08/2025
Net result
53 k €
+5492.9% YoY
Revenue
100,5 k €
-33.4% YoY
Equity
847,9 k €
+6.7% YoY
Workforce
0,0 ETP
-100.0% YoY

Company — Normal situation.

What does PAPYO do?

PAPYO is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0472.370.796
Legal form
Public limited company
Contributed capital
61 500,00 €
Latest accounts
30/08/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Revenue100,5 k €150,8 k €347,8 k €366,9 k €360,1 k €360,1 k €358 k €362,7 k €457,7 k €831,7 k €721,6 k €
EBITDA135,8 k €152,4 k €313,5 k €268,7 k €159,9 k €171,4 k €-41,8 k €94,1 k €177,6 k €353,1 k €402 k €386,7 k €547,2 k €385,2 k €381,2 k €240,8 k €290,3 k €298 k €218,9 k €
Operating result68,7 k €50,5 k €208,7 k €143,3 k €-45,1 k €-90,4 k €-281,7 k €-178,1 k €-60,5 k €100,4 k €256,1 k €240,7 k €397,4 k €234,6 k €243,3 k €225,5 k €274,9 k €282,7 k €203,5 k €
Net result53 k €-982 €205,5 k €2,8 M €-65,1 k €-47 k €-204,8 k €-157,6 k €-14,5 k €-9,9 k €79,4 k €78,2 k €210,6 k €97,2 k €107,1 k €130,9 k €174,7 k €183,5 k €134,2 k €
Balance sheet
Equity847,9 k €795 k €795,9 k €590,4 k €3,5 M €3,5 M €3,6 M €3,8 M €4 M €4 M €980,1 k €916,9 k €854,7 k €734,1 k €707 k €669,9 k €608,9 k €504,2 k €390,7 k €
Total assets1,1 M €1,3 M €1 M €6,6 M €4,2 M €4,5 M €4,7 M €5 M €5,6 M €5,2 M €2,4 M €2,6 M €2,7 M €2,9 M €2,6 M €2,2 M €2,2 M €1,2 M €1,1 M €
Cash904,4 €2,3 k €1,8 k €5,7 k €4,2 k €7,6 k €1,8 k €41,7 k €20,1 k €165 k €3,4 k €5,3 k €12 k €4,7 k €8,6 k €5,2 k €12,6 k €949 €5,9 k €
Debts246,2 k €483,9 k €238,6 k €6 M €766,4 k €929,5 k €1,1 M €1,2 M €1,6 M €1,2 M €1,3 M €1,7 M €1,9 M €2,2 M €1,8 M €1,5 M €1,6 M €661,5 k €700,3 k €
Other
Workforce0,0 ETP2,0 ETP3,0 ETP2,0 ETP3,0 ETP3,0 ETP231 210,0 ETP4,0 ETP4,0 ETP4,0 ETP4,0 ETP3,0 ETP3,0 ETP3,0 ETP3,0 ETP2,3 ETP1,7 ETP
Governance

Board of directors

Seen on filing of 30/08/2025 · 4 active · 21 ended

Active mandates

BENOIT BEAUTHIER

Mandate

Active
EMMA BELTRAN DIEZ

Mandate

Active
PHILIPPE BEAUTHIER

Mandate

Active
VERONIQUE VEKEMAN

Mandate

Active

Ended mandates

Benoît BEAUTHIER

Managing director · since 15 juin 2018 · until 15 juin 2024

Ended
Emma BELTRAN-DIEZ

Director · since 15 juin 2018 · until 15 juin 2024

Ended
Philippe BEAUTHIER

Director · since 15 juin 2018 · until 15 juin 2024

Ended
Véronique VEKEMAN

Director · since 15 juin 2018 · until 16 juin 2024

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year30/08/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year8 months12 months12 months12 months12 months12 months
Filing date10/08/202603/07/202516/08/202407/08/202308/08/202228/07/2021
General meeting19/12/202530/06/202528/06/202430/06/202330/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

27 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/08/202519/12/202510/08/2026FrenchPDF
Abridged model31/12/202430/06/202503/07/2025FrenchPDF
Full model31/12/202328/06/202416/08/2024FrenchPDF
Full modelCorrection31/12/202230/06/202307/08/2023FrenchPDF
Full modelCorrection31/12/202230/06/202303/08/2023FrenchPDF
Full model31/12/202230/06/202301/08/2023FrenchPDF
Full model31/12/202130/06/202208/08/2022FrenchPDF
Full model31/12/202018/06/202128/07/2021FrenchPDF
Full model31/12/201922/09/202005/10/2020FrenchPDF
Abridged model31/12/201827/09/201929/09/2019FrenchPDF
Full model31/12/201715/06/201824/07/2018FrenchPDF
Full model31/12/201616/08/201730/08/2017FrenchPDF
Full model30/06/201530/11/201517/01/2016FrenchPDF
Abridged model30/06/201401/10/201428/01/2015FrenchPDF
Abridged model30/06/201301/10/201320/12/2013FrenchPDF
Abridged model30/06/201201/10/201230/11/2012FrenchPDF
Abridged model30/06/201103/10/201113/01/2012FrenchPDF
Abridged model30/06/201001/10/201008/10/2010FrenchPDF
Abridged model30/06/200901/10/200927/11/2009FrenchPDF
Abridged model30/06/200801/10/200821/10/2008FrenchPDF
Abridged model30/06/200701/10/200726/10/2007FrenchPDF
Abridged model30/06/200606/11/200630/11/2006FrenchPDF
Abridged model30/06/200505/11/200528/11/2005FrenchPDF
Abridged model30/06/200401/10/200422/10/2004FrenchPDF

View all 27 filings

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 30/08/2025 · 4 active · 21 ended

Active mandates

BENOIT BEAUTHIER

Mandate

Active
EMMA BELTRAN DIEZ

Mandate

Active
PHILIPPE BEAUTHIER

Mandate

Active
VERONIQUE VEKEMAN

Mandate

Active

Ended mandates

Benoît BEAUTHIER

Managing director · since 15 juin 2018 · until 15 juin 2024

Ended
Emma BELTRAN-DIEZ

Director · since 15 juin 2018 · until 15 juin 2024

Ended
Philippe BEAUTHIER

Director · since 15 juin 2018 · until 15 juin 2024

Ended
Véronique VEKEMAN

Director · since 15 juin 2018 · until 16 juin 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring18/02/2026
    CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 202553 k €
  2. 2024
    Annual accounts 2024-982 €
  3. 2023
    Annual accounts 2023205,5 k €
  4. 2022
    Annual accounts 20222,8 M €
  5. 2021
    Annual accounts 2021-65,1 k €
  6. 2020
    Annual accounts 2020-47 k €
  7. 2019
    Annual accounts 2019-204,8 k €
  8. 2018
    Annual accounts 2018-157,6 k €
  9. 2017
    Annual accounts 2017-14,5 k €
  10. 2016
    Annual accounts 2016-9,9 k €
  11. 2015
    Annual accounts 201579,4 k €
  12. 2014
    Annual accounts 201478,2 k €
  13. 2013
    Annual accounts 2013210,6 k €
  14. 2012
    Annual accounts 201297,2 k €
  15. 2011
    Annual accounts 2011107,1 k €
  16. 2010
    Annual accounts 2010130,9 k €
  17. 2009
    Annual accounts 2009174,7 k €
  18. 2008
    Annual accounts 2008183,5 k €
  19. 2007
    Annual accounts 2007134,2 k €