Debts
€147,647 75% of the balance sheet
Suppliers 82%Taxes and wages 16%Other 1%
Just Padel
Lifetime
1 annual account with figurespeak €84,764 (2025)
€84,764
peak €49,833 (2025)
€49,833
peak €49,833 (2025)
€49,833
€147,647
Board1 name since 2024
1 directorPOD HOLDING
Documentsfilings and deeds
25-08-202625 days late
2025micro format
First year with figures
Key points
from the 2025 annual accountsAt the same address
18 companies
Position in the sector
€49,833
Higher net result than 86% of companies in education. Sector median €7,281 · 2,614 companies.
2025 accounts filed 25 days after the deadline
Checked score
93
Excellent
Financially stronger than 47% of micro companies in education (NACE 85)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,825 companies (NACE 85, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 0.4%
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.5%▲ +0.1 percentage points vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026highest value
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.1%▼ -0.4 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
lowers risk
Sector: Education (NACE 85)
Liquidity: current ratio 1.34, cash €35,801
Size: total assets €197,480
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 85, micro). It does better than 34% of them on solvency, 16% on liquidity and 90% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as Just Padel has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Just Padel itself is lower: 0.1% within 12 months. It rests on far more data about Just Padel than the profile alone.
Test of the method
The method was tested on the 497,447 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 7,976 companies, not a prediction for Just Padel. 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.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.34, below the usual 1.5. Short-term debt is 74.8% and cash 18.1% of total assets. 74.8% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
25 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- POD Holding founderdeed of 01-10-2024
- NDX CONSULT 100 sharesdeed of 01-10-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1014245262
First establishment
Voie du Belvédère 2, Seraing
Incorporation
Founding capital of €1,500, 100 shares · Founders: POD Holding and NDX CONSULT · Appointment: POD Holding (director) · published on 01-10-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Just Padel Seraing | €197,480 | €84,764 | 25.2% | - |
| LùLù Studio Braine-l'Alleud | €186,335 | €81,415 | 27.4% | - |
| NutriTom Lievegem | €235,621 | €76,911 | 2.0% | - |
| JVB Holding Antwerp | €165,900 | €62,257 | 38.1% | - |
| KINE DUMOLEIN Ypres | €252,505 | €93,221 | 16.9% | - |
| Phoenix Sint-Truiden | €154,067 | €60,910 | 16.9% | - |
| Yoko Studio Ghent | €280,164 | €96,108 | 23.9% | - |
These companies have the same main activity as Just Padel: sports and recreation education (NACE 85510). They are comparable in size and age: total assets between €154,000 and €280,000, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 27-09-2024Normal situation
- Registered office
- 19 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Sports and recreation educationNACE 85510and 5 others
- Establishment unit
- 2.368.742.2754100 Seraing, since 01-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 19-01-2026
Insights on Just Padel
Just Padel has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,833 and a net result of €49,833.
Its solvency ranks better than 35% of 2,612 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Just Padel
- What is the company number of Just Padel?
- The company number of Just Padel is 1014.245.262. The VAT number is the same number with BE in front: BE 1014.245.262.
- Where is Just Padel based?
- The registered office is at Voie du Belvédère 2, 4100 Seraing.Company details
- What does Just Padel do?
- According to the KBO register, the main activity is sports and recreation education (NACE 85510).
- What is the legal form of Just Padel?
- Just Padel is a private limited company (BV).
- When was Just Padel founded?
- Just Padel was founded on 27-09-2024.
- Is Just Padel still active?
- Yes, Just Padel is an active enterprise in the KBO register.
- What is the turnover of Just Padel?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €84,764 and 2,667 comparable companies of the same size. It probably lies between €170,000 and €440,000. It is a rough estimate.Financials
- Is Just Padel profitable?
- In financial year 2025, Just Padel made a profit of €49,833.
- Where can I find the annual accounts of Just Padel?
- Just Padel filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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