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PADAO

Active
Private limited company·Overige zakelijke dienstverlening, neg· 4 yrs active
Puursesteenweg(BOR) 376 ·2880 Bornem, Belgium
BE 0786.626.844
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age4 yrs
Staff (FTE)1
Real estate1 parcel · 4,016 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of PADAO is 0.9% (low). The 2024 annual accounts show equity of €114k and a net result of €34k. Its solvency ranks better than 51% of 3165 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

1 signal · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

3 signals
More than 3 years active
Founded in 2022, 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

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.9% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −

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

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€34k-51.6%
Working capital€111k+44.0%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 26-09-2025 with the NBB · fiscal year 2024 · micro
€0€25k€50k€75k€100kOperating result 2023: €90k€90kNet result 2023: €70k€70kOperating result 2024: €38k€38kNet result 2024: €34k€34k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 82 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 55.0% 53.7%
better than 51% of 3165 sector peers
Net result €34k €18k
better than 67% of 3164 sector peers
Equity €114k €40k
better than 80% of 3167 sector peers
Gross operating margin €90k €36k
better than 80% of 3164 sector peers
Staff costs €46k €22k
higher than 68% of 479 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€39k
-57.0% ≈ vs sector
Net profit
€34k
-51.6% far above sector median
Cash flow
€35k
-50.7% far above sector median
Total assets
€207k
+60.0% -61% vs sector
Equity
€114k
+42.3% -55% vs sector
Working capital
€111k
+44.0% far above sector median
Employees (FTE)
1
0.0% -71% vs sector
Staff costs
€46k
+157.3% -78% vs sector
Income taxes
€10k
-46.2% +216% vs sector
Debt
€93k
+88.8% -45% vs sector
Debt ≤ 1y
€93k
+88.2% +25% vs sector
Current ratio
2.20
-14.3% +215% vs sector
Quick ratio
2.20
-14.3% +215% vs sector
Solvency
55.0%
-11.1% -7% vs sector
Debt / equity
0.82
+32.7% +50% vs sector
ROE
29.7%
-66.0% far above sector median
ROA
16.3%
-69.8% far above sector median
Interest coverage
30.83
-65.8% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€39k
Net profit€34k
Cash flow€35k
Staff costs€46k
Income taxes€10k
Dividends-
Total assets€207k
Equity€114k
Debt€93k
of which ≤ 1y€93k
of which > 1y-
Working capital€111k
Employees (FTE)1.0
Ratios (computed)
2024
Current ratio2.20
Quick ratio2.20
Working capital ratio53.7%
Solvency55.0%
Debt / equity0.82
Long-term debt ratio-
Interest coverage30.83
Gross margin-
Net margin-
ROA16.3%
ROE29.7%
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€207k
Fixed assets 21/28€3k
Tangible fixed assets 22/27€3k
Current assets 29/58€204k
Amounts receivable within one year 40/41€184k
Cash & bank 54/58€19k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€207k
Equity 10/15€114k
Contributions / capital 10/11€10k
Accumulated profits (losses) 14€104k
Amounts payable 17/49€93k
Amounts payable within one year 42/48€93k
Trade debts payable within one year 44€17k
Income statement
Gross operating margin 9900€90k
Operating result 9901€38k
Financial income 75€7k
Financial charges 65€1k
Result before taxes 9903€44k
Income taxes 67/77€10k
Net result for the period 9904€34k
Result to be appropriated 9905€34k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
93 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register

Establishment units

1 location
PADAO
Puursesteenweg(BOR) 376, 2880 BornemOntwikkeling van residentiële bouwprojecten
since 20222.332.463.186
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area4,016 m²
Buildings1
Building footprint1,696 m²
Volume (LiDAR)5,522 m³
Tallest building8.2 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.
12007D0605/00X000 Flanders 4,016 m² 1 · 1,696 m² 8.2 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.

Analysis

Snowflake analysis

financial profile on 5 axes
Health93Profitability100Solvency97Growth52Stability94
87 / 100

Exceptional profile, strong across almost every axis.

Health 93
Profitability 100
Solvency 97
Growth 52
Stability 94

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameNL PADAO
Registered office
Puursesteenweg(BOR) 376 bus 4
2880 Bornem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.