LE PADDOCK
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 65 days after the deadline Filed on 4 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00552059.
Annual accounts 2025 filed on 04-10-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 156% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2023 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2023 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | €50 | - | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | - | €229 | - | - |
| Gross operating margin9900 | €1,841 | €14,411 | €36,302 | ▲ 152% |
| Operating profit (loss)9901 | €1,841 | €14,182 | €36,302 | ▲ 156% |
| Financial income75/76B | €0 | €1,126 | €1,796 | ▲ 59.5% |
| Recurring financial income75 | €0 | €1,126 | €1,796 | ▲ 59.5% |
| Financial charges65/66B | €348 | €320 | €55 | ▼ 82.8% |
| Recurring financial charges65 | €348 | €320 | €55 | ▼ 82.8% |
| Profit (loss) for the period before taxes9903 | €1,492 | €14,988 | €38,043 | ▲ 154% |
| Income taxes67/77 | - | - | €6,033 | - |
| Profit (loss) for the period9904 | €1,492 | €14,988 | €32,010 | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €1,492 | €14,988 | €32,010 | ▲ 114% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €45,565 | €32,749 | €71,974 | ▲ 120% |
| Fixed assets21/28 | €50 | €50 | €50 | = |
| Financial fixed assets28 | €50 | €50 | €50 | = |
| Current assets29/58 | €45,515 | €32,699 | €71,924 | ▲ 120% |
| Amounts receivable within one year40/41 | €45,168 | €32,336 | €71,919 | ▲ 122% |
| Trade receivables40 | €45,168 | €10,412 | €6,501 | ▼ 37.6% |
| Other amounts receivable41 | - | €21,924 | €65,418 | ▲ 198% |
| Cash at bank and in hand54/58 | €348 | €363 | €5 | ▼ 98.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €45,565 | €32,749 | €71,974 | ▲ 120% |
| Equity10/15 | €1,492 | €26,481 | €58,491 | ▲ 121% |
| Contributions10/11 | - | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €1,492 | €16,481 | €48,491 | ▲ 194% |
| Amounts payable17/49 | €44,073 | €6,269 | €13,484 | ▲ 115% |
| Amounts payable within one year42/48 | €44,073 | €6,269 | €13,484 | ▲ 115% |
| Trade debts44 | €12,232 | €524 | €2,979 | ▲ 468% |
| Suppliers440/4 | €12,232 | €524 | €2,979 | ▲ 468% |
| Advances received on contracts in progress46 | €2,000 | - | - | - |
| Taxes, remuneration and social security45 | €7,001 | €5,744 | €10,505 | ▲ 82.9% |
| Taxes450/3 | €7,001 | €5,744 | €10,505 | ▲ 82.9% |
| Other amounts payable47/48 | €22,840 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,492 | €14,988 | €32,010 | ▲ 114% |
| Operating cash flow (approximation) | €1,492 | €14,988 | €32,010 | ▲ 114% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €16 | -€358 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as LE PADDOCK has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of LE PADDOCK itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for LE PADDOCK. 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.