Equity
-€234,387
Debts exceed assets in financial year 2025.
PADA ONE
Lifetime
2 annual accounts with figures on one time axispeak €149,277 (2025)
€149,277▲ 145%
lowest -€221,353 (2024)
-€63,034▲ €158,319
peak -€171,353 (2024)
-€234,387▼ €63,034
€623,095▲ 8.6%
peak 4.9 FTE (2024)
2.6 FTE▼ 46.9%
Board2 names since 2023
2 directors and 1 other
Documentsfilings and deeds
05-08-20265 days late
2025abbreviated format
Gross margin from €60,967 to €149,277Loss of €63,034Staff from 4.9 FTE to 2.6 FTEEquity from -€171,353 to -€234,387Cash from €21,122 to €94,696
Key points
from the 2025 annual accountsResult
-€63,034 ▲ 71.5%
The result rose in 2025: different schema filed.
Debts
€623,095 160% of the balance sheet
Financial debts 21%Suppliers 13%Taxes and wages 6%Other 60%
Of this, €446,238 falls due within a year.
Staff
2 employees on 31-12-2025
In 2025, 2 people joined and 4 left.
Liquidity
0.49 was 0.89 in 2024
Short-term debts rose from €271,152 to €446,238.
Position in the sector
-60.3%
Lower solvency than 95% of companies in retail trade. Sector median 36.9% · 13,234 companies.
2025 accounts filed 5 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 7,654 companies had the same profile as PADA ONE has now. Each dot stands for 20 companies, two years later.
84.6%
were still trading
5.8%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 7,654 companies, not a prediction for PADA ONE. 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 check for an amount and term of your choice
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
Board and ownership
Director, since 17-07-2023
Director, since 17-07-2023
- 100 sharesdeed of 19-07-2023
Recent changes
Incorporation
Founding capital of €50,000, 100 shares · Founder: . · Appointments: (director) and (director) · published on 19-07-2023 · Gazette deed
First establishment
Schmidt, Bras 657, Bastogne
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PADA ONE Bastogne | €388,708 | €149,277 | -60.3% | 2.6 |
| Electro Vreys Lommel | €594,130 | €212,039 | -12.8% | 2.6 |
| COMFYCOOL Aartselaar | €417,040 | €232,410 | 46.2% | 0.8 |
| EP Electronics Tessenderlo-Ham | €551,472 | €147,095 | 49.0% | 2.7 |
| NLDAMP BELGIUM Hoogstraten | €445,938 | €226,969 | 43.0% | 0.6 |
| DQS Zele | €387,038 | €153,591 | 60.2% | - |
| Yuppie Kok Leuven | €457,661 | €135,470 | 7.6% | - |
These companies have the same main activity as PADA ONE: retail sale of electrical household appliances (NACE 47540). They are comparable in size and age: total assets between €387,000 and €594,000, founded between 2020 and 2024.
Official details
Source: KBO- Status
- Active since 17-07-2023Normal situation
- Activity
- Retail sale of electrical household appliancesNACE 47540and 2 others
- Joint committee
- 201Independent retail · annual accounts 2024
- Establishment unit
- 2.348.670.5026600 Bastogne, since 17-07-2023
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- ≈ €840,000estimated
- €388,708▼ 3.4%
- Employeeson 31-12-2025
- 2▼ 50.0%
- Filing
- Filed on 05-08-2026
Insights on PADA ONE
The 2025 annual accounts show negative equity (-€234,387) and a net result of -€63,034. Its solvency ranks better than 5% of 13,234 sector peers (NACE 47, financial year 2025).
The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
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 PADA ONE
- What is the company number of PADA ONE?
- The company number of PADA ONE is 0804.035.869. The VAT number is the same number with BE in front: BE 0804.035.869.
- Where is PADA ONE based?
- The registered office is at Bras 657, 6600 Bastogne.Company details
- What does PADA ONE do?
- According to the KBO register, the main activity is retail sale of electrical household appliances (NACE 47540).
- What is the legal form of PADA ONE?
- PADA ONE is a private limited company (BV).
- When was PADA ONE founded?
- PADA ONE was founded on 17-07-2023.
- Is PADA ONE still active?
- Yes, PADA ONE is an active enterprise in the KBO register.
- How many employees does PADA ONE have?
- PADA ONE had an average of 2.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PADA ONE fall under?
- In its 2024 annual accounts, PADA ONE states joint committee 201 (Independent retail).
- What is the turnover of PADA ONE?
- The turnover in financial year 2025 is ≈ €840,000. This figure is estimated from the gross margin of €149,277 and 34 comparable companies (NACE 475). It probably lies between €650,000 and €1.3m.
- Is PADA ONE profitable?
- In financial year 2025, PADA ONE made a loss of €63,034.
- Where can I find the annual accounts of PADA ONE?
- PADA ONE filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PADA ONE due?
- PADA ONE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.