PADAR
ActiveSummary
The computed 12-month bankruptcy probability of PADAR is 11.6% (high). The 2025 annual accounts show negative equity (-€30,563) and a net result of -€67,211. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 8% of 5,895 sector peers (NACE 49, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry.
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-06-2017 Normal situation
- Activity
- Non-scheduled passenger transport by road NACE 49320and 1 other
- Establishment unit
- 2.266.347.194 1090 Jette, since 31-07-2017
- Financial year end
- 31 March
- Peppol
- Reachable since 26-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 11.6%
- Gross margin
- €13,755
- ▼ 54.3%
- Turnover
- ≈ €74,000
- estimated
- Loss
- €67,211
- ▲ 286%
- Equity
- -€30,563
- Total assets
- €65,230
- ▼ 31.8%
- Staff
- ≈ 1.4 FTE
- estimated
- Negative equity on 31-03-2025
- 2026 accounts not filed, 2 days past the deadline
Score breakdownraises risk2 changes of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 32 days late; 3 of the last 3 accounts lateLoss of €67,211, the second in a row (financial year 2025)lowers riskSize: total assets €65,230Show the evidence
Checked score
About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 6% of them on solvency, 7% on liquidity, 6% on profitability and 3% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 564 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 32 days after the deadline Filed on 2 December 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00574918.
Annual accounts 2025 filed on 02-12-2025 PDF all 7 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €64,933, larger than the loss of €20,585 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-03-2022 | 31-03-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 2 |
| full-time | 1 | 2 |
| in full-time equivalents | 1 | 2 |
| Average over the year, in full-time equivalents | 1 | 2 |
| On a permanent contract | 1 | 2 |
| Joined | - | 1 |
| Left | - | 0 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 31-03-2021 | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €16,529 | €10,551 |
| Intangible fixed assets | - | - | €10,500 | - | €6,000 |
| Financial fixed assets | - | - | €3,390 | - | €3,390 |
| Depreciation and write-downs of the year | €5,510 | €7,009 | €7,010 | €4,489 | €5,989 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
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.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| PADAR Aalst | 2017 | €65,230 | -€30,563 | €13,755 | - | -€67,211 | 2025 |
| VIP DRIVER SERVICE Sint-Jans-Molenbeek | 2017 | €69,971 | €40,809 | €14,856 | - | €5,837 | 2025 |
| MAIDAN Rumst | 2017 | €58,660 | €57,758 | €14,407 | - | €3,646 | 2025 |
| SOS LIMOUSINE Asse | 2017 | €53,448 | €43,077 | €15,394 | - | €3,656 | 2025 |
| BEST LIMO Ganshoren | 2016 | €67,318 | €36,480 | €16,301 | - | €2,155 | 2025 |
| NMS TRANSPORT Charleroi | 2018 | €74,071 | €6,108 | €17,606 | - | -€14,508 | 2025 |
| SOGUT & CO Asse | 2016 | €59,590 | €46,371 | €10,402 | €134,505 | €711 | 2025 |
They were chosen from the 797 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 6,007 companies had the same profile as PADAR has now. Two years later, 7.9% had gone bankrupt and 83.0% were still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PADAR itself is higher: 11.6% within 12 months. It rests on far more data about PADAR than the profile alone.
Test of the method
The method was tested on the 497,445 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 6,007 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €85,440 | €108,306 | €211,617 | - | €276,024 | - | - | - |
| Non-recurring operating income76A | - | €548 | €5,114 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €70,605 | €88,621 | €189,153 | - | €244,641 | - | - | - |
| Remuneration, social security and pensions62 | - | €772 | €5,358 | €9,660 | €19,036 | €42,980 | €71,057 | ▲ 65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,083 | €4,333 | €5,510 | €7,009 | €7,010 | €4,489 | €5,989 | ▲ 33.4% |
| Other operating charges640/8 | €3,839 | €610 | €1,311 | €2,720 | €1,421 | €3,219 | €1,642 | ▼ 49.0% |
| Non-recurring operating charges66A | - | €5,340 | €667 | - | - | - | - | - |
| Gross operating margin9900 | €18,657 | €20,232 | €27,579 | €29,942 | €31,381 | €30,103 | €13,755 | ▼ 54.3% |
| Operating profit (loss)9901 | €11,735 | €9,176 | €14,733 | €10,553 | €3,914 | -€20,585 | -€64,933 | ▼ 215% |
| Financial income75/76B | €159 | €1,151 | €5,358 | €1,862 | €1,010 | €3,290 | - | - |
| Recurring financial income75 | €159 | €1,151 | €5,358 | €1,862 | €1,010 | €3,290 | - | - |
| Financial charges65/66B | €70 | €68 | €91 | €314 | €124 | €115 | €285 | ▲ 148% |
| Recurring financial charges65 | €70 | €68 | €91 | €314 | €124 | €115 | €285 | ▲ 148% |
| Profit (loss) for the period before taxes9903 | €11,823 | €10,259 | €20,000 | €12,101 | €4,800 | -€17,410 | -€65,218 | ▼ 275% |
| Income taxes67/77 | €91 | - | - | - | €3,624 | - | €1,993 | - |
| Profit (loss) for the period9904 | €11,732 | €10,259 | €20,000 | €12,101 | €1,176 | -€17,410 | -€67,211 | ▼ 286% |
| Profit (loss) for the period to be appropriated9905 | €11,732 | €10,259 | €20,000 | €12,101 | €1,176 | -€17,410 | -€67,211 | ▼ 286% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €37,246 | €58,552 | €87,834 | €100,806 | €86,470 | €95,652 | €65,230 | ▼ 31.8% |
| Fixed assets21/28 | €6,167 | €22,557 | €27,909 | €20,900 | €13,890 | €25,930 | €19,941 | ▼ 23.1% |
| Intangible fixed assets21 | - | €13,500 | €13,500 | €12,000 | €10,500 | €9,000 | €6,000 | ▼ 33.3% |
| Tangible fixed assets22/27 | €6,167 | €5,667 | €11,019 | €5,510 | - | €13,540 | €10,551 | ▼ 22.1% |
| Furniture and vehicles24 | €6,167 | €5,667 | €11,019 | €5,510 | - | - | €10,551 | - |
| Leasing and similar rights25 | - | - | - | - | - | €13,540 | - | - |
| Financial fixed assets28 | - | €3,390 | €3,390 | €3,390 | €3,390 | €3,390 | €3,390 | = |
| Current assets29/58 | €31,079 | €35,995 | €59,925 | €79,906 | €72,580 | €69,722 | €45,289 | ▼ 35.0% |
| Stocks and contracts in progress3 | - | €31,233 | €46,251 | €57,451 | €40,651 | €36,500 | €36,500 | = |
| Stocks30/36 | - | €31,233 | €46,251 | €57,451 | €40,651 | €36,500 | €36,500 | = |
| Amounts receivable within one year40/41 | €30,823 | €3,164 | €13,257 | €22,318 | €29,730 | €25,395 | €5,531 | ▼ 78.2% |
| Trade receivables40 | €22,725 | €34 | €12 | €46 | - | - | - | - |
| Other amounts receivable41 | €8,097 | €3,130 | €13,245 | €22,272 | €29,730 | €25,395 | €5,531 | ▼ 78.2% |
| Cash at bank and in hand54/58 | €256 | €1,598 | €417 | €137 | €2,198 | €7,499 | €2,929 | ▼ 60.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €328 | €328 | = |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €37,246 | €58,552 | €87,834 | €100,806 | €86,470 | €95,652 | €65,230 | ▼ 31.8% |
| Equity10/15 | €11,732 | €19,982 | €40,782 | €52,883 | €54,058 | €36,648 | -€30,563 | - |
| Contributions10/11 | - | €100 | €900 | €900 | €900 | €900 | €900 | = |
| Capital10 | - | €100 | €900 | - | - | - | - | - |
| Issued capital100 | - | €100 | €900 | - | - | - | - | - |
| Profit (loss) carried forward14 | €11,732 | €19,882 | €39,882 | €51,983 | €53,158 | €35,748 | -€31,463 | - |
| Amounts payable17/49 | €25,514 | €38,570 | €47,052 | €47,923 | €32,411 | €59,004 | €95,793 | ▲ 62.4% |
| Amounts payable within one year42/48 | €25,514 | €38,570 | €47,052 | €47,923 | €32,411 | €59,004 | €62,914 | ▲ 6.6% |
| Financial debts43 | €118 | - | - | - | - | - | - | - |
| Credit institutions430/8 | €118 | - | - | - | - | - | - | - |
| Trade debts44 | €25,396 | €1,276 | €12,670 | €12,150 | €9,239 | €18,376 | €54,312 | ▲ 196% |
| Suppliers440/4 | €25,396 | €1,276 | €12,670 | €12,150 | €9,239 | €18,376 | €54,312 | ▲ 196% |
| Taxes, remuneration and social security45 | - | €6,460 | €7,760 | €18,155 | €19,822 | €40,628 | €8,602 | ▼ 78.8% |
| Taxes450/3 | - | €6,308 | €7,760 | €11,370 | €14,337 | €39,774 | - | - |
| Remuneration and social security454/9 | - | €152 | - | €6,785 | €5,485 | €854 | €8,602 | ▲ 907% |
| Other amounts payable47/48 | - | €30,834 | €26,622 | €17,618 | €3,350 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €32,880 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,732 | €10,259 | €20,000 | €12,101 | €1,176 | -€17,410 | -€67,211 | ▼ 286% |
| + Depreciation and write-downs630 | €3,083 | €4,333 | €5,510 | €7,009 | €7,010 | €4,489 | €5,989 | ▲ 33.4% |
| Operating cash flow (approximation) | €14,815 | €14,593 | €25,510 | €19,110 | €8,186 | -€12,921 | -€61,222 | ▼ 374% |
| Investment in fixed assets (approximation) | - | -€20,723 | -€10,862 | €0 | €0 | -€16,529 | -€0 | ▲ 100.0% |
| Change in cash | - | €1,342 | -€1,181 | -€280 | €2,061 | €5,301 | -€4,570 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 02-12-2025 | 2025-00574918 | |
| 31-03-2024 | micro format | 24-03-2025 | 2025-00052955 | |
| 31-03-2023 | micro format | 04-08-2026 | 2026-00380652 | NBB |
| 31-03-2022 | micro format | 05-02-2024 | 2024-00029776 | |
| 31-03-2021 | micro format | 07-11-2023 | 2023-00511488 | |
| 31-03-2020 | micro format | 31-07-2023 | 2023-00313880 | |
| 31-03-2019 | micro format | 10-08-2022 | 2022-20283828 |
Timeline
Acts, filings and financial milestones
01-10
Gazette deed
Registered office moved from Wemmel to NieuwerkerkenDirector in office3 points ▸
- General meeting, 09-09-2026
- Registered-office move, Bergstraat 10 bus 11, 9320 Nieuwerkerken
- Director in office, Faqirzada Sameullah (meneer)
06-02
Gazette deed
Registered office moved within Wemmel3 points ▸
- General meeting, 12-12-2025
- Registered-office move, Lt. Graffplein 15- 1780 Wemmel
- Other provision, “meeting attendance, Buitengewone Algemene Vergadering” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41047C0061/00D000 | Flanders | 519 m² | 1 · 102 m² | - |
| 21010B0160/00Z004 | Brussels | 342 m² | 1 · 148 m² | 18.1 m · 5 |