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Generated 08-08-2026
Active BE 0766.341.471Private limited company

PADAG

Ruiseledesteenweg 189 ·8755 Wingene, Belgium· 5 yrs active
Sector: Construction of buildings (41001)
Conclusion Checked

The computed 12-month bankruptcy probability of PADAG is 2.1% (moderate). The 2024 annual accounts show equity of €69k and a net result of €19k. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 90% of 3827 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €69k
Net result €19k
Better than sector 90%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health98Profitability100Solvency100Growth52Stability94
89 / 100

Exceptional profile, strong across almost every axis.

Health 98
Profitability 100
Solvency 100
Growth 52
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.1% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
98 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 28-06-2025 with the NBB · fiscal year 2024 · micro
€0€20k€40k€60k€80kOperating result 2022: €73k€73kNet result 2022: €55k€55kOperating result 2023: €28k€28kNet result 2023: €18k€18kOperating result 2024: €32k€32kNet result 2024: €19k€19k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~10%/year over 3 fiscal years, indicative, assuming unchanged policy.
€50k€60k€70k€80k€90k2025: €75k (€70k - €81k)2026: €82k (€77k - €88k)2027: €89k (€84k - €95k)2022: €55k2023: €73k2024: €69k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 78.1% 39.4%
better than 90% of 3827 sector peers
Net result €19k €9k
better than 67% of 3824 sector peers
Equity €69k €29k
better than 77% of 3832 sector peers
Gross operating margin €38k €26k
better than 61% of 3822 sector peers
Total assets €88k €85k
better than 51% of 3828 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€32k
+11.2% far above sector median
Net profit
€19k
+6.9% far above sector median
Cash flow
€20k
+1.8% far above sector median
Total assets
€88k
-17.3% -48% vs sector
Equity
€69k
-6.2% -28% vs sector
Working capital
€67k
-8.4% -21% vs sector
Income taxes
€8k
+18.0% far above sector median
Dividends
€24k
- 22-24
Debt
€19k
-41.8% -64% vs sector
Debt ≤ 1y
€19k
-41.8% -64% vs sector
Current ratio
4.46
+39.5% +106% vs sector
Quick ratio
4.46
+39.5% +106% vs sector
Solvency
78.1%
+13.4% +45% vs sector
Debt / equity
0.28
-38.0% -79% vs sector
ROE
28.4%
+13.9% far above sector median
ROA
22.2%
+29.3% far above sector median
Interest coverage
6.44
-27.7% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€32k
Net profit€19k
Cash flow€20k
Staff costs-
Income taxes€8k
Dividends€24k
Total assets€88k
Equity€69k
Debt€19k
of which ≤ 1y€19k
of which > 1y-
Working capital€67k
Employees (FTE)-
Ratios (computed)
2024
Current ratio4.46
Quick ratio4.46
Working capital ratio75.9%
Solvency78.1%
Debt / equity0.28
Long-term debt ratio-
Interest coverage6.44
Gross margin-
Net margin-
ROA22.2%
ROE28.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€88k
Fixed assets 21/28€2k
Tangible fixed assets 22/27€2k
Current assets 29/58€86k
Amounts receivable within one year 40/41€78k
Cash & bank 54/58€8k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€88k
Equity 10/15€69k
Accumulated profits (losses) 14€69k
Amounts payable 17/49€19k
Amounts payable within one year 42/48€19k
Trade debts payable within one year 44€1k
Income statement
Gross operating margin 9900€38k
Operating result 9901€32k
Financial income 75€6
Financial charges 65€5k
Result before taxes 9903€27k
Income taxes 67/77€8k
Net result for the period 9904€19k
Result to be appropriated 9905€19k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Former directors (2)
  • NISTOR Tudor
    Director
    State Gazette act 26013818 (28-01-2026)
    Former
    - → 28-01-2026
  • ROMAN Petrica
    Director
    State Gazette act 25136278 (27-10-2025)
    Former
    - → 27-10-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Construction of buildings(41001)
Legal form Private limited company(610)
Incorporation02-04-2021
StatusActive
Postal code8755
Establishment units 1 location
PADAG
Ruiseledesteenweg 189, 8755 WingeneReparatie en onderhoud van verwarmingsinstallaties
since 20212.315.623.293
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
37012G0480/00K000 Flanders 1,016 m² 1 · 181 m² 4.5 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
28-01-2026
State Gazette act Registered-office change
v3.2
2025
27-10-2025
State Gazette act Registered-office change
v3.2
28-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
04-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
13-09-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2021
07-04-2021
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 3 acts
Address history · 2
28-01-2026
v3.2
27-10-2025
v3.2
All acts · 3 updated 6 months ago
2026
28-01-2026 Registered office moved within Wingene Registered-office change
  • Groenestraat 54, 8755 Wingene → Ruiseledesteenweg, 8755 Wingene
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Wingene",
        "region": null,
        "street": "Ruiseledesteenweg",
        "country": "BE",
        "postcode": "8755",
        "box_number": null,
        "street_number": null
      },
      "old_address": {
        "city": "Wingene",
        "region": null,
        "street": "Groenestraat",
        "country": "BE",
        "postcode": "8755",
        "box_number": null,
        "street_number": "54"
      },
      "effective_date": "2025-12-01",
      "evidence_quote": "De Vergadering die dag besloten om de zetel te verplaatsen naar, 8755 Wingene, Ruiseledesteenweg."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0766.341.471",
    "name_full": "PADAG",
    "legal_form": "BV"
  }
}
2025
27-10-2025 Registered office moved from Wingene to Ruiselede Registered-office change
  • Ruiseledesteenweg 189, 8755 Wingene → Groenestraat 54, 8755 Ruiselede
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Ruiselede",
        "region": null,
        "street": "Groenestraat",
        "country": "BE",
        "postcode": "8755",
        "box_number": null,
        "street_number": "54"
      },
      "old_address": {
        "city": "Wingene",
        "region": null,
        "street": "Ruiseledesteenweg",
        "country": "BE",
        "postcode": "8755",
        "box_number": null,
        "street_number": "189"
      },
      "effective_date": "2025-07-01",
      "evidence_quote": "3.De Vergadering die dag besloten om de zetel te verplaatsen naar, Groenestraat 54 8755 Ruiselede."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0766.341.471",
    "name_full": "PADAG",
    "legal_form": "BV"
  }
}
2021
07-04-2021 Incorporation of a new BV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "8755 Ruiselede, Wingenesteenweg 12",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1982-07-17",
        "name": "ROMAN Petrica",
        "niss": null,
        "address": "8755 Ruiselede, Wingenesteenweg 12"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 0,
      "holder_person_name": "ROMAN Petrica",
      "is_subscriber_only": true,
      "n_shares_subscribed": 100,
      "amount_subscribed_eur": 5000,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 5000,
  "subject_company": {
    "kbo": "0766.341.471",
    "name_full": "PADAG",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2021-04-02",
  "post_incorporation_mandates": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Loodgieterswerk43221Sanitaire werkzaamheden43221Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Dakwerkzaamheden43410Dakwerkzaamheden43910
Primary activity highlighted.
Names & trade names
Legal nameNL PADAG
Registered office
Ruiseledesteenweg 189
8755 Wingene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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IMMO VAN DER POORTEN BE 0419.112.551 · Zottegem
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative