BADEL
ActiveSummary
BADEL has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €114,786. Equity has been growing by about 13% per year since 2018. Its solvency ranks better than 63% of 9,895 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-05-1996 Normal situation
- Activity
- Painting of buildings NACE 43341and 4 others
- Establishment unit
- 2.077.020.418 6600 Bastogne, since 24-06-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Board and ownership
- PONSARD MiguelDirector · since 02-01-2009
- DELACOLLETTE NathalieDirector
- IDEA49%· score 882025 annual accounts of IDEA
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €561,623
- ▲ 7.9%
- Turnover
- ≈ €1.6m
- estimated
- Profit
- €114,786
- ▼ 2.5%
- Equity
- €1.1m
- ▲ 11.3%
- Total assets
- €2.0m
- ▼ 3.9%
- Employees on 31-12-2025
- 4
- =
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 2.70, cash €654,352Founded in 1996Equity €1.1m (55.1% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 60% of them on solvency, 84% on liquidity, 51% on profitability and 57% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00482948.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 28 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 18% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 4 | 4 | 4 | 4 |
| full-time | 2 | 2 | 2 | 2 | 2 |
| part-time | 2 | 2 | 2 | 2 | 2 |
| in full-time equivalents | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 |
| Average over the year, in full-time equivalents | 4.2 | 3.8 | 3.8 | 3.8 | 3.8 |
| On a permanent contract | 4 | 4 | 4 | 4 | 4 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €414,999 | €286,003 | €207,877 | €42,903 | €6,392 |
| Intangible fixed assets | - | - | €11,200 | - | - |
| Depreciation and write-downs of the year | €50,564 | €80,679 | €112,102 | €133,779 | €137,038 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as BADEL: painting of buildings (NACE 43341). They are comparable in size and age: total assets between €1.4m and €2.1m, founded between 1987 and 2005.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| BADEL Bastogne | 1996 | €2.0m | €1.1m | €0.6m | €0.1m | 3.8 | 2025 |
| JORIS BOSSUYT Wommelgem | 1998 | €2.0m | €1.6m | €0.5m | €0.08m | 6 | 2025 |
| SCHOETERS SCHILDERWERKEN Kasterlee | 2000 | €1.4m | €0.8m | €0.5m | €0.1m | 3.5 | 2025 |
| C.S.I. CONSTRUCT Hasselt | 2003 | €2.1m | €1.2m | €0.4m | €0.1m | 3.6 | 2024 |
| KOEN VAN RIEL Wommelgem | 2005 | €1.7m | €0.5m | €0.8m | €0.3m | 4 | 2025 |
| SHERWIN PAINTING AND DECORATING CY Kortenberg | 1994 | €1.5m | €0.8m | €0.9m | €0.4m | 4.8 | 2025 |
| TECHNI QUARTZ Temse | 1987 | €1.7m | €1.6m | €0.3m | €0.1m | 4.9 | 2025 |
They were chosen from the 2,627 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as BADEL has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BADEL itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for BADEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,097 | €2,002 | €998 | €1,071 | €1,003 | ▼ 6.3% |
| Remuneration, social security and pensions62 | - | - | - | €191,491 | €179,392 | €205,910 | €202,535 | €209,436 | ▲ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,531 | €44,622 | €35,426 | €50,564 | €80,679 | €112,102 | €133,779 | €137,038 | ▲ 2.4% |
| Other operating charges640/8 | - | - | - | €14,587 | €11,106 | €11,615 | €12,026 | €12,513 | ▲ 4.0% |
| Non-recurring operating charges66A | - | - | - | €73 | €1,049 | €954 | €2,040 | €1,308 | ▼ 35.9% |
| Gross operating margin9900 | €336,318 | €312,746 | €404,645 | €414,056 | €465,592 | €457,408 | €520,378 | €561,623 | ▲ 7.9% |
| Operating profit (loss)9901 | €120,871 | €90,911 | €212,901 | €157,340 | €193,366 | €126,828 | €169,998 | €201,329 | ▲ 18.4% |
| Financial income75/76B | - | - | - | €9,373 | €9,017 | €11,094 | €7,977 | €5,948 | ▼ 25.4% |
| Recurring financial income75 | €8,166 | €10,802 | €9,666 | €9,373 | €9,017 | €11,094 | €7,977 | €5,948 | ▼ 25.4% |
| Financial charges65/66B | - | - | - | €8,033 | €20,666 | €14,839 | €14,566 | €53,543 | ▲ 268% |
| Recurring financial charges65 | €9,903 | €7,093 | €5,190 | €8,033 | €20,666 | €14,839 | €14,566 | €53,543 | ▲ 268% |
| Profit (loss) for the period before taxes9903 | €119,134 | €94,620 | €214,962 | €158,680 | €181,717 | €123,083 | €163,410 | €153,733 | ▼ 5.9% |
| Income taxes67/77 | €18,056 | €36,940 | €49,001 | €21,964 | €50,629 | €31,281 | €45,631 | €38,947 | ▼ 14.6% |
| Profit (loss) for the period9904 | €101,078 | €57,679 | €165,961 | €136,716 | €131,088 | €91,802 | €117,779 | €114,786 | ▼ 2.5% |
| Profit (loss) for the period to be appropriated9905 | €101,078 | €57,679 | €165,961 | €136,716 | €131,088 | €91,802 | €117,779 | €114,786 | ▼ 2.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €0.9m | €1.1m | €1.5m | €2.0m | €2.0m | €2.0m | €2.0m | ▼ 3.9% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.6m | €0.9m | €1.2m | €1.3m | €1.2m | €1.0m | ▼ 11.2% |
| Intangible fixed assets21 | €408 | - | - | - | - | €0.01m | €0.008m | €0.005m | ▼ 35.6% |
| Tangible fixed assets22/27 | €0.6m | €0.6m | €0.6m | €0.9m | €1.2m | €1.2m | €1.2m | €1.0m | ▼ 11.1% |
| Land and buildings22 | - | - | - | €0.9m | €1.1m | €1.2m | €1.1m | €1.0m | ▼ 9.3% |
| Plant, machinery and equipment23 | - | - | - | - | €0.004m | €0.003m | €0.002m | €0.002m | ▼ 36.8% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.05m | €0.05m | €0.06m | €0.04m | ▼ 41.1% |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | = |
| Current assets29/58 | €0.3m | €0.3m | €0.6m | €0.6m | €0.8m | €0.8m | €0.9m | €0.9m | ▲ 5.8% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 12.9% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 12.9% |
| Amounts receivable within one year40/41 | €0.08m | €0.03m | €0.03m | €0.08m | €0.05m | €0.1m | €0.09m | €0.1m | ▲ 32.6% |
| Trade receivables40 | - | - | - | €0.08m | €0.05m | €0.1m | €0.07m | €0.09m | ▲ 41.0% |
| Other amounts receivable41 | - | - | - | - | - | €0.02m | €0.02m | €0.02m | ▲ 5.4% |
| Current investments50/53 | - | - | - | - | - | - | €0.04m | - | - |
| Cash at bank and in hand54/58 | €0.08m | €0.1m | €0.3m | €0.3m | €0.6m | €0.4m | €0.6m | €0.7m | ▲ 15.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.004m | €0.007m | €0.01m | €0.01m | ▲ 3.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €0.9m | €1.1m | €1.5m | €2.0m | €2.0m | €2.0m | €2.0m | ▼ 3.9% |
| Equity10/15 | €0.5m | €0.5m | €0.7m | €0.8m | €0.9m | €0.9m | €1.0m | €1.1m | ▲ 11.3% |
| Contributions10/11 | €0.1m | €0.1m | - | €0.1m | €0.1m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.01m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.03m | €0.03m | €0.04m | €0.04m | €0.04m | = |
| Profit (loss) carried forward14 | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | €0.8m | €0.9m | €1.0m | ▲ 12.2% |
| Amounts payable17/49 | €0.5m | €0.4m | €0.5m | €0.8m | €1.1m | €1.2m | €1.1m | €0.9m | ▼ 17.7% |
| Amounts payable after more than one year17 | €0.1m | €0.06m | €0.05m | €0.4m | €0.7m | €0.6m | €0.5m | €0.5m | ▼ 9.2% |
| Financial debts170/4 | - | - | - | €0.4m | €0.7m | €0.6m | €0.5m | €0.5m | ▼ 9.2% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | €0.3m | ▼ 25.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.06m | €0.06m | €0.06m | €0.05m | ▼ 12.4% |
| Trade debts44 | €0.05m | €0.05m | €0.1m | €0.09m | €0.1m | €0.1m | €0.08m | €0.09m | ▲ 7.0% |
| Suppliers440/4 | - | - | - | €0.09m | €0.1m | €0.1m | €0.08m | €0.09m | ▲ 7.0% |
| Advances received on contracts in progress46 | - | - | - | - | €0.004m | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.06m | €0.08m | €0.09m | €0.08m | ▼ 9.9% |
| Taxes450/3 | - | - | - | €0.05m | €0.02m | €0.03m | €0.05m | €0.04m | ▼ 20.7% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.04m | €0.05m | €0.04m | €0.04m | ▲ 3.1% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.1m | €0.3m | €0.2m | €0.1m | ▼ 45.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.001m | €0.05m | €0.06m | €0.04m | ▼ 35.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101,078 | €57,679 | €165,961 | €136,716 | €131,088 | €91,802 | €117,779 | €114,786 | ▼ 2.5% |
| + Depreciation and write-downs630 | €47,531 | €44,622 | €35,426 | €50,564 | €80,679 | €112,102 | €133,779 | €137,038 | ▲ 2.4% |
| Operating cash flow (approximation) | €148,609 | €102,302 | €201,387 | €187,280 | €211,767 | €203,904 | €251,557 | €251,824 | ▲ 0.1% |
| Investment in fixed assets (approximation) | - | -€8,983 | -€62,890 | -€406,963 | -€286,296 | -€219,078 | -€39,575 | -€6,392 | ▲ 83.8% |
| Change in cash | - | €62,615 | €209,464 | -€4,497 | €220,574 | -€151,490 | €154,522 | €87,070 | ▼ 43.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00482948 | NBB |
| 31-12-2024 | full format | 20-08-2025 | 2025-00395480 | |
| 31-12-2023 | full format | 21-08-2024 | 2024-00361066 | |
| 31-12-2022 | full format | 31-08-2023 | 2023-00412448 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20417274 | |
| 31-12-2020 | full format | 05-07-2021 | 2021-31800152 | |
| 31-12-2019 | full format | 03-09-2020 | 2020-51200157 | |
| 31-12-2018 | full format | 29-08-2019 | 2019-58100072 | |
| 31-12-2017 | full format | 31-08-2018 | 2018-60000302 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-58500165 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerOwners 1
- Sourceaccounts IDEA 2025Equity €291,077 Profit of €9,163 in 2025 (profit of €37,986 in 2024) Checked score 8849%
Capital transactions
- 16-06-2023 Converted to unavailable equity · €127,912.03
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DELACOLLETTE Nathalie |
|
| PONSARD Miguel |
|
Network & group
Companies at the same address
8 other companies- Ruban Jaune Registered office · since 2025 1022161452
- BOUCHERIE CAMPAGNARDE NICOLAS HUSQUET SRL Establishment · since 2017 0675730110
- Betti, Raphaël (sole trader) Establishment · since 2012 0844374706
- Servauto Belgium Establishment · since 2004 0423097766
- IDEA Establishment · since 2000 0466819725
- association des copriétaires de la résidence CMB Registered office · since 2000 0812406771
- Les Engagés - Fédération provinciale du Luxembourg Registered office · since 1995 0458242054
- C.M.B. Establishment · since 1995 0454595646
Connections & network
2 current directorsThe network starts from the directors of BADEL. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
16-06
Gazette deed
Resignations: PONSARD Miguel (director) and DELACOLLETTE Nathalie (director)Reappointments: PONSARD Miguel (director) and DELACOLLETTE Nathalie (director) · Capital conversion · Reserve release16 points ▸
- General meeting, 05-06-2023
- Other provision, “adaptation statuts et maintien forme légale, adapter statuts et conserver société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression compte indisponible, fonds disponibles pour distribution” (deed in French)
- Purpose change
- Other provision, “dispense lecture rapport article 5:101 CSA, organe d’administration” (deed in French)
- Asset distribution, “distribution par restitution d’apport en nature”, 81578.57 (deed in French)
- Share cancellation, 929, “actions émises lors augmentation décidée en 2014” (deed in French)
- Other provision, “test de solvabilité, sanctions article 5:144 CSA” (deed in French)
- Director resignation, PONSARD Miguel (director)
- Director resignation, DELACOLLETTE Nathalie (director)
- Director reappointment, PONSARD Miguel (director (not named in the articles))
- The act holds 4 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
14 activities
- Entreprise de peinture du bâtiment
- Entreprise de tapissage et de garnissage
- Entreprise de pose de parquets et tous revêtements des murs et du sol
- Entreprise d’électricité
- La pose de câbles et de canalisations diverses
- Les travaux de rejointoiement
- Les travaux d’isolation thermique et acoustique
- Les travaux de téléphonie et de systèmes de sécurité et alarmes
- Les travaux d’étanchéité et toutes surfaces
- Commerce en matériel électrique divers
- Commerce de droguerie,papierpeint,revêtements divers murs et sols,peinture
- Commerce articles sanitaires
- Ventes et placement de stores et de bannes
- Commerce de gros et de détail en matériaux de construction
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0457.833.862
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Legal Entity Identifier
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 82003E1149/00H002 | Wallonia | 3,043 m² | 1 · 146 m² | 9.5 m · 3 |
| 82003E1149/00X000 | Wallonia | 1,019 m² | 1 · 177 m² | 9.1 m · 3 |