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PADAG

Active
Private limited companyfounded 20215 years activeRuiseledesteenweg 189, 8755 Wingene, BelgiumKBO/BCE: BE 0766.341.471
Summary

The computed 12-month bankruptcy probability of PADAG is 4.8% (elevated). The 2025 annual accounts show equity of €60,317 and a net result of €34,583. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 70% of 9,039 sector peers (NACE 41, fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€96,787total assets 2025
Equity
€60,317
Profit
€34,583
Turnover not published (abridged schema)
Financial health
40 Weak Checked score 2025
Bankruptcy probability, 12 months
4.8%
Structure
Board
1 member
Accounts 29 days early1 of 3 deeds read
Why 40- 2 changes of registered office in 24 months- Founded in 2021- Sector Construction of residential and non-residential buildings (NACE 41)+ Liquidity: current ratio 2.59, cash €13,195Show the evidence

Checked score

Score 2025
40 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 59% of its sector peers (NACE 41, micro)
Financial strength · tick = 2024
Strong
Solvency 87-13
equity 62.3% of total assets
Liquidity 50-3
short-term debt 37.7% · cash 13.6%
Profitability 100+4
return on assets 35.7%
Bankruptcy probability, 12 months
4.8% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,367 companies)
Last 24 months 11-2024: 3.6% 12-2024: 3.0%▼ -0.6 percentage points vs 11-2024 01-2025: 3.0%● unchanged vs 12-2024 02-2025: 2.9%▼ -0.1 percentage points vs 01-2025 03-2025: 2.9%● unchanged vs 02-2025 04-2025: 2.9%● unchanged vs 03-2025lowest value 05-2025: 3.0%▲ +0.1 percentage points vs 04-2025 06-2025: 3.1%▲ +0.1 percentage points vs 05-2025 07-2025: 3.1%● unchanged vs 06-2025 08-2025: 3.2%▲ +0.1 percentage points vs 07-2025 09-2025: 3.2%● unchanged vs 08-2025 10-2025: 3.2%● unchanged vs 09-2025 11-2025: 4.3%▲ +1.1 percentage points vs 10-2025 12-2025: 4.3%● unchanged vs 11-2025 01-2026: 4.3%● unchanged vs 12-2025 02-2026: 9.3%▲ +5.0 percentage points vs 01-2026 03-2026: 9.3%● unchanged vs 02-2026 04-2026: 9.5%▲ +0.2 percentage points vs 03-2026 05-2026: 9.8%▲ +0.3 percentage points vs 04-2026 06-2026: 10.0%▲ +0.2 percentage points vs 05-2026highest value 07-2026: 9.9%▼ -0.1 percentage points vs 06-2026 08-2026: 4.7%▼ -5.2 percentage points vs 07-2026 09-2026: 4.7%● unchanged vs 08-2026 10-2026: 4.8%▲ +0.1 percentage points vs 09-2026
Credit up to €2,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.59 against 4.46 in 2024; short-term debt: 37.7% and cash: 13.6% of total assets), and 37.7% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 71% on solvency, 49% on liquidity, 91% on profitability and 24% on growth.

The bankruptcy probability was computed on 06-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
Belgian State Gazette
raises risk · Founded in 2021
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Liquidity: current ratio 2.59, cash €13,195
NBB · annual accounts
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 02-07-2026, 29 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
29 days early
2024
33 days early
2023
27 days early
2022
44 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 11 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 4 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Resignation: NISTOR Tudor (director)Appointment: ROMAN Petrica (director) ·…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Caution: Board changedlatest change 28-01-2026 · 1 in office 1 joined · 1 left View
  • Positive: Among the best 20% on net resultsector median €8,450 · 9,031 companies €34,583 View
  • Total assets 20254 fiscal years filed €96,787 View

By topic

Financials

Fiscal year
2025
Total assets
€96,787
Profit
€34,583
Solvency
62.3%
Total assets▲ 10.2%
Net result
20222025
Go to Financials

Timeline

Events
6
Since
2023
Next accounts
by 31-07-2027
  1. 04-07-2024Annual accounts filed
  2. 31-12-2023Weakest financial year
  3. 13-09-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General construction of residential buildingsNACE 41001
Founded
02-04-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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