G3 PADEL
ActiveThe computed 12-month bankruptcy probability of G3 PADEL is 6.3% (elevated). The 2024 annual accounts show equity of €18k and a net result of €-2k. Equity is growing by ~41.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 18939 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability21▼-79
Solvency47▼-10
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
6.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.24 against 1.4 in 2023; short-term debt: 78.3% and cash: 43.1% of total assets), and 78.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.7%
Return on assets
-2.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
28 d late
2022
48 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€18k▼ 11.8%
2023 · €20k
2022: €3k
2023: €20k
2022 → 2024
Total assets
€82k▲ 29.5%
2023 · €63k
2022: €24k
2023: €63k
2022 → 2024
Net result
€-2k
2023 · €17k
2022: €749
2023: €17k
2022 → 2024
Working capital
€16k▼ 8.8%
2023 · €17k
2022: €-842
2023: €17k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€3k-€20k▲ 539%€18k▼ 11.8%
Operating result€1k-€22k▲ 1,520%€1k▼ 95.1%
Net result€749-€17k▲ 2,165%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 95% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €82k
Fixed assets
€2k▼ 27.9%
Current assets
€80k▲ 32.5%
Equity and liabilities €82k
Equity
€18k▼ 11.8%
Debt
€64k▲ 48.8%
The debt ratio rises from 68.1% to 78.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2023 · €23k
Cash flow
€-1k▼
2023 · €18k
Solvency
21.7%▼
2023 · 31.9%
Current ratio
1.24▼
2023 · 1.40
Quick ratio
1.16▼
2023 · 1.32
Debt / equity
3.61▲
2023 · 2.14
ROE
-13.3%▼
2023 · 84.3%
ROA
-2.9%▼
2023 · 26.9%
Interest coverage
0.76▼
2023 · 239.85
Debt
€64k▲
2023 · €43k
Debt ≤ 1 year
€64k▲
2023 · €43k
Income taxes
€882▼
2023 · €5k
Staff costs
€44k▲
2023 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€63k€82k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€1k€1k▼
Other tangible fixed assets26€2k€1k▼
Current assets29/58€60k€80k▲
Stocks and contracts in progress3€3k€5k▲
Stocks30/36€3k€5k▲
Amounts receivable within one year40/41€38k€39k▲
Trade receivables40€29k€33k▲
Other amounts receivable41€9k€6k▼
Cash at bank and in hand54/58€19k€35k▲
Equity and liabilities
Total equity and liabilities10/49€63k€82k▲
Equity10/15€20k€18k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€18k€15k▼
Amounts payable17/49€43k€64k▲
Amounts payable within one year42/48€43k€64k▲
Trade debts44€34k€53k▲
Suppliers440/4€34k€53k▲
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€5k€6k▲
Remuneration and social security454/9€3k€5k▲
Other amounts payable47/48€711-
Income statement
Code20232024
Remuneration, social security and pensions62€38k€44k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€872€872=
Other operating charges640/8€3k€474▼
Gross operating margin9900€64k€47k▼
Operating profit (loss)9901€22k€1k▼
Financial income75/76B€28€4▼
Recurring financial income75€28€4▼
Financial charges65/66B€95€3k▲
Recurring financial charges65€95€3k▲
Profit (loss) for the period before taxes9903€22k€-1k▼
Income taxes67/77€5k€882▼
Profit (loss) for the period9904€17k€-2k▼
Profit (loss) for the period to be appropriated9905€17k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€15k▼
Profit (loss) brought forward from the previous period14P€749€18k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-2k ▼114%
Net result drops to €-2k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2022net €17k ▲2165%
Operating result €22k, net result €17k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Saint-Georges-sur-Meuse · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Vallée 104470 Saint-Georges-sur-MeuseGround area
214 m²
Building footprint
174 m²
Volume, LiDAR
1,400 m³
Parcel 64065A0874/00V000, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
G3 PADEL
since 20222.333.627.978
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64065A0874/00V000 | Wallonia | 214 m² | 1 · 173 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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DE 1900
BE 0426.356.570
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Of 14,025 companies in sector 56301 we hold annual accounts for 4,894. 3,953 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-07-2022
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
47210Retail sale of fruit and vegetables
47810Retail trade
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.