Equity
€1.0m ▲ 5.1%
LEDAP has made a profit without a break since 2019.
LEDAP
Lifetime
10 annual accounts with figures on one time axispeak €1.6m (2024)
€1.5m▼ 5.2%
lowest -€32,562 (2016)
€50,601▲ 68.1%
peak €1.0m (2025)
€1.0m▲ 5.1%
€2.0m▼ 33.6%
peak 16 FTE (2024)
14.1 FTE▼ 11.9%
Board8 names since 2020
3 directorsPADELWORLD and 2 others
Owners
100%PADELWORLD
Documentsfilings and deeds
09-07-202622 days before the deadline
2025abbreviated format
Result from €30,097 to €50,601Staff from 16 FTE to 14.1 FTEPermanent representative: Tom De Sutter 26-061 director appointed, 1 resignation 11-02Debts from €3.1m to €2.0mCash from €556,951 to €47,912
Key points
from the 2025 annual accountsTurnover
≈ €2.7m estimated
The abbreviated format states no turnover.
Staff
12 employees on 31-12-2025
In 2025, 102 people joined and 98 left.
Filings
10 annual accounts 11 filings since 2016
The last five annual accounts were filed 5 to 76 days before the end of the period.
At the same address
13 companies
Board
1 joined · 1 left
Board changed. Latest change 20-04-2026 · 2 in office.
Checked score
83
Excellent
Financially stronger than 52% of small companies in sports and recreation (NACE 93)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 422 companies (NACE 93, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.4%▲ +0.1 percentage points vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.2%▼ -0.2 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.5%● unchanged vs 08-2026highest value
10-2026: 0.5%● unchanged vs 09-2026highest value
11-2026: 0.5%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.72, cash €47,912, halved
Size: 14.1 FTE, total assets €3.1m
Profit of €50,601 (financial year 2025)
lowers risk
Figures for financial year 2025 (filed on 09-07-2026)
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 93, small). It does better than 57% of them on solvency, 29% on liquidity, 64% on profitability and 58% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 6,049 companies had the same profile as LEDAP has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of LEDAP itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,448 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 6,049 companies, not a prediction for LEDAP. 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 €85,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.72 (1.0 in 2024), below 1. Short-term debt is 27.5% and cash 1.6% of total assets. 66.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 days early
2024
65 days early
2023
54 days early
2022
76 days early
2022
3 days early
2021
5 days early
2020
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 June (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
QB
QUILAUDEM BV
Director, Nathalie Van Den Haute, since 20-04-2026
- PADELWORLD 100%score 85equity €12.5m (2025) · 2025 annual accounts of PADELWORLD
Shares in 2 companies, BANDEJA and Arenal Immo Holding
Board & ownershipRecent changes
1 director appointed, 1 resignation
Resignation: Bever Consulting BV · Permanent representatives: Els Degroote and Nathalie Van Den Haute · Appointment: Quilaudem BV · General meeting of 20-04-2026 · Gazette deed
Permanent representative: Tom De Sutter
General meeting of 13-05-2025 · Gazette deed
1 director appointed, 1 resignation
Resignation: Rio Management BV · Permanent representatives: Anthony Piette, Els Degroote, Mattias Van Holm and Tom De Sutter · Appointment: Bever Consulting BV · General meeting of 06-01-2025 · Gazette deed
Capital increase
659 new shares · 2,175 new shares · General meeting of 19-07-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LEDAP Bruges | €3.1m | €1.5m | 33.8% | 14.1 |
| LOOK I LIKE GROUP Bredene | €2.5m | €1.3m | -81.9% | 17.2 |
| PRIVILEGE SFQ Turnhout | €2.3m | €1.2m | 27.4% | 14.4 |
| STORDEUR LEUVEN Leuven | €2.9m | €1.8m | 44.0% | 19.2 |
| SATELLITE ICE BENELUX Ostend | €2.4m | €1.4m | 35.2% | 8.2 |
| SCHOUKENS TRAINING CENTER Maldegem | €3.2m | €1.2m | 31.1% | 16.9 |
| VVL-HORSES Kruisem | €3.2m | €1.5m | 38.1% | 13.4 |
These companies have the same main activity as LEDAP: operation of sports facilities (NACE 93110). They are comparable in size and age: total assets between €2.3m and €3.2m, founded between 2007 and 2015.
Official details
Source: KBO- Status
- Active since 06-06-2014Normal situation
- Registered office
- 14 active companies are registered at this addressSource: KBO register, as of 11 November 2026.
- Activity
- Operation of sports facilitiesNACE 93110
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment units
- 2.259.846.8108310 Bruges, since 06-06-2014
- 2.350.359.2908790 Waregem, since 19-07-2023and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €3.1m▼ 24.2%
- Employeeson 31-12-2025
- 12=
- Filing
- Filed on 09-07-2026, 22 days before the end of the filing period
Companies linked to LEDAP
Parent and group
Insights on LEDAP
LEDAP files the abbreviated format. That format states no turnover. The gross margin rose from €36,705 in 2016 to €1.5m in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
PADELWORLD holds all the shares. In October 2022, the Official Gazette published the appointment of PADELWORLD as managing director.
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 LEDAP
- What is the company number of LEDAP?
- The company number of LEDAP is 0553.673.822. The VAT number is the same number with BE in front: BE 0553.673.822.
- Where is LEDAP based?
- The registered office is at Pierre Debbautstraat 6, 8200 Bruges.Company details
- What does LEDAP do?
- According to the KBO register, the main activity is operation of sports facilities (NACE 93110).
- What is the legal form of LEDAP?
- LEDAP is a private limited company (BV).
- When was LEDAP founded?
- LEDAP was founded on 06-06-2014.
- Is LEDAP still active?
- Yes, LEDAP is an active enterprise in the KBO register.
- How many employees does LEDAP have?
- LEDAP had an average of 14.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does LEDAP fall under?
- In its 2025 annual accounts, LEDAP states joint committee 302 (Hotels and catering).
- What is the turnover of LEDAP?
- The turnover in financial year 2025 is ≈ €2.7m. This figure is estimated from the gross margin of €1.5m and 1,585 comparable companies of the same size. It probably lies between €1.8m and €4.4m. It is a rough estimate.
- Is LEDAP profitable?
- In financial year 2025, LEDAP made a profit of €50,601.
- Where can I find the annual accounts of LEDAP?
- LEDAP filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LEDAP due?
- LEDAP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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