PADAF
BankruptcySummary
The KBO register records for PADAF the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show equity of €349k and a net result of €43k.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€1.50M
EBIT margin
12.3%
Net result
€43k▲ 41.9%
2021 · €30k
2019: €130k
2020: €105k
2021: €30k
2019 → 2022
Working capital
€337k▲ 18.1%
2021 · €285k
2019: €154k
2020: €270k
2021: €285k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Turnover€1.50M-
Equity€171k-€276k▲ 61.6%€306k▲ 11.0%€349k▲ 14.1%
Operating result€185k-€153k▼ 16.9%€51k▼ 66.9%€67k▲ 31.3%
Net result€130k-€105k▼ 19.1%€30k▼ 71.1%€43k▲ 41.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 31% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €407k
Fixed assets
€12k ▼ 41.6%
Current assets
€395k ▲ 10.7%
Equity and liabilities €407k
Equity
€349k ▲ 14.1%
Debt
€58k ▼ 18.8%
Debt's share of the balance-sheet total falls from 18.9% to 14.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€75k▲
2021 · €62k
Cash flow
€52k▲
2021 · €41k
Current ratio
6.83▲
2021 · 5.01
Debt to equity
0.17▼
2021 · 0.23
ROE
12.4%▲
2021 · 9.9%
ROA
10.6%▲
2021 · 8.1%
Interest coverage
289.99▲
2021 · 161.28
Debt ≤ 1 year
€58k▼
2021 · €71k
Income taxes
€23k▲
2021 · €20k
Staff costs
€18
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 41 lines
Balance sheet
Code20212022
Assets
Total assets20/58€377k€407k▲
Fixed assets21/28€21k€12k▼
Tangible fixed assets22/27€20k€12k▼
Furniture and vehicles24€20k€12k▼
Financial fixed assets28€400€400=
Current assets29/58€357k€395k▲
Amounts receivable within one year40/41€307k€356k▲
Trade receivables40€40k€47k▲
Other amounts receivable41€267k€309k▲
Cash at bank and in hand54/58€48k€38k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€377k€407k▲
Equity10/15€306k€349k▲
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€298k€341k▲
Amounts payable17/49€71k€58k▼
Amounts payable within one year42/48€71k€58k▼
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€67k€57k▼
Taxes450/3€67k€57k▼
Income statement
Code20212022
Remuneration, social security and pensions62-€18
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€9k▼
Other operating charges640/8€3k€7k▲
Gross operating margin9900€64k€82k▲
Operating profit (loss)9901€51k€67k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€383€260▼
Recurring financial charges65€383€260▼
Profit (loss) for the period before taxes9903€50k€66k▲
Income taxes67/77€20k€23k▲
Profit (loss) for the period9904€30k€43k▲
Profit (loss) for the period to be appropriated9905€30k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€298k€341k▲
Profit (loss) brought forward from the previous period14P€268k€298k▲
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
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 314 days late
2022
16-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 166 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 179 days late
30-06
Financial
Weakest financial yearnet €30k ▼71.1%
Net result drops to €30k, the lowest in the series.
2020
30-06
Financial
Liquidity doublescurrent ratio 3.13
Current ratio from 1.27 to 3.13; short-term debt falls from €566k to €127k.
30-06
Financial
Equity above €200kEq €276k ▲61.6%
2 profitable years in a row build equity to €276k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 11 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Anderlecht · 1 establishment unit since 2016
Ground area
291 m²
Building footprint
198 m²
Volume, LiDAR
1,407 m³
2 parcels, Brussels · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PADAF
since 20162.252.031.677
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0532/00S006 | Brussels | 209 m² | 1 · 106 m² | 13.9 m · 3 fl. |
| 21816C0001/00G006 | Brussels | 81 m² | 1 · 91 m² | 13.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,180 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2016
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.