PAPYRUS
0472.564.895 · rovalta.com · 22/09/2026
ACTIVE
PAPYRUS
Financial year 2025 · closed on 31/12/2025
Net result
24,2 k €
+458.7% YoY
Gross margin
23,7 k €
+649.0% YoY
Equity
146,9 k €
+19.7% YoY
Overview
What does PAPYRUS do?
PAPYRUS is a Private company with limited liability incorporated in 2000. Its main activity is: Air transport. Its registered office is in Herzele.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0472.564.895
Incorporation
11/08/2000
Legal form
Private company with limited liability
Registered office
Evendael 43
9550 Herzele · FlandreSee on map
9550 Herzele · FlandreSee on map
Contributed capital
13 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 23,7 k € | +649% | -4,3 k € | +75.5% | -17,6 k € | -1213% | 1,6 k € | -91.4% | 18,4 k € | -35.7% | 28,6 k € | +202% | 9,5 k € | +343% | 2,1 k € | -86.3% | 15,6 k € | -23.9% | 20,5 k € | +101% | 10,2 k € | -5.1% | 10,7 k € | +505% | 1,8 k € | +124% | -7,5 k € | -195% | 7,8 k € | -72.9% | 28,8 k € | -21.4% | 36,7 k € | -14.0% | 42,6 k € | -6.0% | 45,3 k € |
| EBITDA | 22 k € | +469% | -6 k € | +70.0% | -19,9 k € | -2581% | 802,8 € | -95.1% | 16,5 k € | -39.1% | 27 k € | +209% | 8,7 k € | +469% | 1,5 k € | -89.8% | 15,1 k € | -24.5% | 20 k € | +106% | 9,7 k € | -5.3% | 10,3 k € | +506% | 1,7 k € | +122% | -7,6 k € | -197% | 7,8 k € | -72.9% | 28,8 k € | -21.4% | 36,7 k € | -14.0% | 42,6 k € | -6.0% | 45,3 k € |
| Operating result | 20,8 k € | +389% | -7,2 k € | +65.0% | -20,6 k € | -2666% | 802,8 € | -95.1% | 16,5 k € | -39.1% | 27 k € | +209% | 8,7 k € | +620% | 1,2 k € | -91.8% | 14,8 k € | -23.7% | 19,4 k € | +113% | 9,1 k € | -4.2% | 9,5 k € | +2447% | 373 € | +104% | -8,9 k € | -228% | 6,9 k € | -48.1% | 13,4 k € | -3.6% | 13,9 k € | -30.2% | 19,9 k € | -11.8% | 22,5 k € |
| Net result | 24,2 k € | +459% | -6,7 k € | +66.3% | -20 k € | -545% | 4,5 k € | -58.3% | 10,8 k € | -57.9% | 25,6 k € | +234% | 7,7 k € | +37.1% | 5,6 k € | -63.8% | 15,5 k € | -17.1% | 18,7 k € | +109% | 8,9 k € | -22.9% | 11,6 k € | +231% | 3,5 k € | +145% | -7,8 k € | +36.9% | -12,4 k € | -528% | -2 k € | -142% | 4,7 k € | -43.8% | 8,3 k € | -24.5% | 11 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 146,9 k € | +19.7% | 122,7 k € | -5.2% | 129,5 k € | -13.4% | 149,5 k € | +3.1% | 145 k € | +8.0% | 134,2 k € | +23.6% | 108,5 k € | +7.6% | 100,9 k € | +5.9% | 95,3 k € | +19.4% | 79,8 k € | +30.5% | 61,1 k € | +17.1% | 52,2 k € | +28.6% | 40,6 k € | +9.4% | 37,1 k € | -17.4% | 44,9 k € | -21.6% | 57,3 k € | -3.3% | 59,3 k € | +7.9% | 55 k € | +6.5% | 51,6 k € |
| Total assets | 172,2 k € | +36.6% | 126 k € | -24.9% | 167,7 k € | -6.8% | 180 k € | +14.6% | 157 k € | +4.0% | 151 k € | +29.3% | 116,8 k € | -8.5% | 127,7 k € | +12.3% | 113,6 k € | +20.4% | 94,4 k € | +39.6% | 67,6 k € | +21.7% | 55,6 k € | -17.9% | 67,7 k € | -3.3% | 70 k € | -10.2% | 78 k € | -53.4% | 167,3 k € | +83.9% | 91 k € | -23.1% | 118,3 k € | -19.1% | 146,3 k € |
| Cash | 7,3 k € | -49.7% | 14,5 k € | -72.4% | 52,7 k € | -25.0% | 70,3 k € | -15.1% | 82,7 k € | +9.5% | 75,5 k € | +140% | 31,5 k € | +40.7% | 22,4 k € | +114% | 10,5 k € | -68.9% | 33,8 k € | +342% | 7,6 k € | +4388% | 170 € | -90.3% | 1,7 k € | +0.9% | 1,7 k € | +14.0% | 1,5 k € | – | 1,4 k € | +31.1% | 1 k € | +233% | 312,5 € | ||
| Debts | 25,3 k € | +663% | 3,3 k € | -91.3% | 38,3 k € | +25.5% | 30,5 k € | +153% | 12 k € | -28.5% | 16,8 k € | +104% | 8,2 k € | -69.2% | 26,8 k € | +45.8% | 18,4 k € | +25.8% | 14,6 k € | +126% | 6,5 k € | +92.5% | 3,4 k € | -87.6% | 27,1 k € | -17.6% | 32,9 k € | -0.4% | 33,1 k € | -69.9% | 110 k € | +247% | 31,7 k € | -50.0% | 63,4 k € | -31.8% | 92,9 k € |
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 31/12/2025 · 2 active · 3 ended
Active mandates
DIRK DE VOS
ActiveMARLEEN DE CLERCQ
ActiveEnded mandates
DIRK DE VOS
EndedDIRK DE VOS
EndedMARLEEN DE CLERCQ
EndedFinancials
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 | 11/09/2026 | 03/09/2025 | 31/08/2024 | 23/09/2023 | 28/08/2022 | 18/09/2021 |
| General meeting | 30/06/2026 | 30/06/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 | 24/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
22 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 30/06/2026 | 11/09/2026 | Dutch | |
| Micro model | 31/12/2024 | 30/06/2025 | 03/09/2025 | Dutch | |
| Micro model | 31/12/2023 | 30/06/2024 | 31/08/2024 | Dutch | |
| Micro model | 31/12/2022 | 30/06/2023 | 23/09/2023 | Dutch | |
| Micro model | 31/12/2021 | 30/06/2022 | 28/08/2022 | Dutch | |
| Micro model | 31/12/2020 | 24/06/2021 | 18/09/2021 | Dutch | |
| Micro model | 31/12/2019 | 01/09/2020 | 30/10/2020 | Dutch | |
| Micro model | 31/12/2018 | 30/06/2019 | 05/08/2019 | Dutch | |
| Micro model | 31/12/2017 | 30/06/2018 | 08/08/2018 | Dutch | |
| Micro model | 31/12/2016 | 30/06/2017 | 09/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 30/06/2016 | 31/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/06/2015 | 30/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/06/2014 | 29/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 31/07/2013 | 28/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 30/06/2012 | 26/09/2012 | Dutch | |
| Abridged model | 31/12/2010 | 30/06/2011 | 11/03/2012 | Dutch | |
| Abridged model | 31/12/2009 | 30/06/2010 | 11/03/2012 | Dutch | |
| Abridged model | 31/12/2008 | 31/07/2009 | 11/03/2012 | Dutch | |
| Abridged model | 31/12/2007 | 30/06/2008 | 13/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 23/05/2007 | 14/07/2008 | Dutch | |
| Abridged model | 31/12/2005 | 23/05/2007 | 04/06/2007 | Dutch | |
| Abridged model | 31/12/2004 | 07/05/2007 | 09/05/2007 | Dutch |
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 31/12/2025 · 2 active · 3 ended
Active mandates
DIRK DE VOS
ActiveMARLEEN DE CLERCQ
ActiveEnded mandates
DIRK DE VOS
EndedDIRK DE VOS
EndedMARLEEN DE CLERCQ
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202524,2 k €↑
- 2024Annual accounts 2024-6,7 k €↑
- 2023Annual accounts 2023-20 k €↓
- 2022Annual accounts 20224,5 k €↓
- 2021Annual accounts 202110,8 k €↓
- 2020Annual accounts 202025,6 k €↑
- 2019Annual accounts 20197,7 k €↑
- 2018Annual accounts 20185,6 k €↓
- 2017Annual accounts 201715,5 k €↓
- 2016Annual accounts 201618,7 k €↑
- 2015Annual accounts 20158,9 k €↓
- 2014Annual accounts 201411,6 k €↑
- 2013Annual accounts 20133,5 k €↑
- 2012Annual accounts 2012-7,8 k €↑
- 2011Annual accounts 2011-12,4 k €↓
- 2010Annual accounts 2010-2 k €↓
- 2009Annual accounts 20094,7 k €↓
- 2008Annual accounts 20088,3 k €↓
- 2007Annual accounts 200711 k €
- 11/08/2000IncorporationPrivate company with limited liability