Equity
-€30,563
Debts exceed assets in financial year 2025.
PADAR
Lifetime
7 annual accounts with figures on one time axispeak €31,381 (2023)
€13,755▼ 54.3%
lowest -€67,211 (2025)
-€67,211▼ €49,801
peak €54,058 (2023)
-€30,563▼ €67,211
€95,793▲ 62.4%
Board3 names since 2017
-
Documentsfilings and deeds
02-12-202532 days late
2025micro format
Gross margin from €30,103 to €13,755Loss of €67,211Equity from €36,648 to -€30,563Debts from €59,004 to €95,793Cash from €7,499 to €2,929
Key points
from the 2025 annual accountsLosses
-€84,621 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€95,793 147% of the balance sheet
Suppliers 57%Taxes and wages 9%Other 34%
Of this, €62,914 falls due within a year.
Investments
€16,551 2.8 × depreciation
Green is investment, beige is depreciation.
Filings
7 annual accounts 13 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Position in the sector
-€67,211
Lower net result than 95% of companies in land transport. Sector median €5,506 · 6,586 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,018 companies had the same profile as PADAR has now. Each dot stands for 16 companies, two years later.
82.8%
were still trading
8.5%
stopped another way
7.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,018 companies, not a prediction for PADAR. 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
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Signals
Board and ownership
last known boardDirector, last mentioned in 2020
- all the sharesdeed of 07-08-2020
Recent changes
Registered office moved from Wemmel to Nieuwerkerken
New registered office: Bergstraat 10 bus 11, 9320 Nieuwerkerken · Previous registered office: Is. Meyskensstraat 15, 1780 Wemmel · General meeting of 09-09-2026 · Gazette deed
Strikeout withdrawn
KBO administration
Registered office moved within Wemmel
New registered office: Lt. Graffplein 15- 1780 Wemmel · Previous registered office: Is. Meyskensstraat 7- 1780 Wemmel · General meeting of 12-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0677483236
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PADAR Aalst | €65,230 | €13,755 | -46.9% | - |
| VIP DRIVER SERVICE Molenbeek-Saint-Jean | €69,971 | €14,856 | 58.3% | - |
| MAIDAN Rumst | €58,660 | €14,407 | 98.5% | - |
| SOS LIMOUSINE Asse | €53,448 | €15,394 | 80.6% | - |
| BEST LIMO Ganshoren | €67,318 | €16,301 | 54.2% | - |
| NMS TRANSPORT Charleroi | €74,071 | €17,606 | 8.2% | - |
| SOGUT & CO Asse | €59,590 | €10,402 | 77.8% | - |
These companies have the same main activity as PADAR: non-scheduled passenger transport by road (NACE 49320). They are comparable in size and age: total assets between €53,400 and €74,100, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 22-06-2017Normal situation
- Activity
- Non-scheduled passenger transport by roadNACE 49320and 1 other
- Establishment unit
- 2.266.347.1941090 Jette, since 31-07-2017
- Financial year end
- 31 March
- Peppol
- Reachable since 26-12-2025
Annual accounts to 31-03-2025
- ≈ €75,000estimated
- €65,230▼ 31.8%
- ≈ 1.4 FTEestimated
- Filing
- Filed on 02-12-2025
Insights on PADAR
PADAR files the micro format. That format states no turnover. The gross margin fell from €18,657 in 2019 to €13,755 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 PADAR
- What is the company number of PADAR?
- The company number of PADAR is 0677.483.236. The VAT number is the same number with BE in front: BE 0677.483.236.
- Where is PADAR based?
- The registered office is at Bergstraat 10, 9320 Aalst.Company details
- What does PADAR do?
- According to the KBO register, the main activity is non-scheduled passenger transport by road (NACE 49320).
- What is the legal form of PADAR?
- PADAR is a private limited company (BV).
- When was PADAR founded?
- PADAR was founded on 22-06-2017.
- Is PADAR still active?
- Yes, PADAR is an active enterprise in the KBO register.
- How many employees does PADAR have?
- PADAR had an average of 2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of PADAR?
- The turnover in financial year 2025 is ≈ €75,000. This figure is estimated from the gross margin of €13,755 and 173 comparable companies (NACE 493). It probably lies between €45,000 and €130,000. It is a rough estimate. In financial year 2023 turnover was €276,024.
- Is PADAR profitable?
- In financial year 2025, PADAR made a loss of €67,211.
- Where can I find the annual accounts of PADAR?
- PADAR filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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