Equity
€150,209 ▼ 16.8%
Padani paid out €48,980 in dividends. That is 263% of the 2025 profit.
Padani
Lifetime
20 annual accounts with figures on one time axis, 43 filings since 1983peak €87,968 (2019)
€40,420▲ 5.2%
lowest -€7,357 (2008)
€18,653▼ 8.5%
peak €180,536 (2024)
€150,209▼ 16.8%
€8,276▼ 34.7%
peak 2 FTE (2006)
-not published
Board1 name since 2007
1 directorBart Defrancq
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Dividend €48,980Equity from €180,536 to €150,209Debts from €12,676 to €8,276Cash from €38,891 to €21,476
Key points
from the 2025 annual accountsFilings
43 annual accounts since 1983
Nine of the last ten came late. The 2020 accounts came latest: 37 days after the end of the period.
Position in the sector
94.8%
Higher solvency than 95% of companies in textiles. Sector median 43.7% · 256 companies.
Checked score
95
Excellent
Financially stronger than 63% of micro companies in textiles (NACE 13)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 496 companies (NACE 13, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Founded in 1982
Liquidity: current ratio 16.14, cash €21,476
Equity €150,209 (94.8% of total assets)
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 13, micro). It does better than 88% of them on solvency, 68% on liquidity, 74% on profitability and 21% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 31,368 companies had the same profile as Padani has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Padani itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 31,368 companies, not a prediction for Padani. 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 €14,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 16.14 (12.65 in 2024), above the usual 1.5. Short-term debt is 5.2% and cash 13.6% of total assets. 5.2% 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 risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
8 days early
2023
12 days late
2022
30 days late
2021
23 days late
2020
37 days late
2019
26 days late
← 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 22 days after the deadline. In the sector (NACE 13), the median for financial year 2024 was 13 days before the deadline, and 32% 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 23 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0423129242
Appointment: Bart Defrancq (sole director)
“Het ontwikkelen, kopen, verkopen, beheer, in waarde stellen, in licentie nemen of geven van brevetten…” (deed in Dutch) · Legal-form conversion: to private limited company · Gazette deed
First establishment
Duizendzinnenstraat 18, Roeselare
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Padani Roeselare | €158,485 | €40,420 | 94.8% | - |
| A la Ville de Verviers, Maison Lemoine-Gilles S.P.R.L. Liège | €113,043 | €27,788 | -37.2% | - |
| ART-FABRICS Bullange | €192,515 | €20,678 | 71.8% | - |
| Serica Holsbeek | €295,728 | €74,415 | 49.4% | 0 |
| BLOCTEX Harelbeke | €373,488 | €88,763 | 59.6% | 2.9 |
| DELVI TRADING COMPANY Harelbeke | €483,868 | €94,684 | 52.0% | - |
| DEWEER STEFANIE EN PIETER Avelgem | €41,117 | €14,371 | 50.5% | - |
These companies have the same main activity as Padani: manufacture of textiles (NACE 13921). They are comparable in size and age: total assets between €41,100 and €484,000, founded between 1969 and 1993.
Official details
Source: KBO- Status
- Active since 15-10-1982Normal situation
- Activity
- Manufacture of textilesNACE 13921and 5 others
- Establishment unit
- 2.021.228.5908800 Roeselare, since 01-10-1982
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Insights on Padani
Padani files the micro format. That format states no turnover. The gross margin fell from €56,473 in 2006 to €40,420 in 2025.
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 Padani
- What is the company number of Padani?
- The company number of Padani is 0423.129.242. The VAT number is the same number with BE in front: BE 0423.129.242.
- Where is Padani based?
- The registered office is at Duizendzinnenstraat 18, 8800 Roeselare.Company details
- What does Padani do?
- According to the KBO register, the main activity is manufacture of textiles (NACE 13921).
- What is the legal form of Padani?
- Padani is a private limited company (BV).
- When was Padani founded?
- Padani was founded on 15-10-1982.
- Is Padani still active?
- Yes, Padani is an active enterprise in the KBO register.
- What is the turnover of Padani?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €40,420 and 2,934 comparable companies of the same size. It probably lies between €98,000 and €290,000. It is a rough estimate.Financials
- Is Padani profitable?
- In financial year 2025, Padani made a profit of €18,653.
- Where can I find the annual accounts of Padani?
- Padani filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Padani due?
- Padani must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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