PADARI
ActiveSummary
PADARI has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110k and a net result of €18k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 61% of 4654 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+79
Solvency75▲+4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.23 against 2.05 in 2024; short-term debt: 43.8% and cash: 30.9% of total assets), but 50.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.6%
Return on assets
8.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
19 d late
2023
19 d late
2022
18 d late
2021
26 d late
2020
20 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€110k▲ 19.9%
2024 · €91k
2018: €137k
2019: €113k▼ -17.1% vs 2018
2020: €143k▲ +25.9% vs 2019
2021: €79k▼ -44.2% vs 2020lowest in 8 years
2022: €116k▲ +45.4% vs 2021
2023: €148k▲ +28.0% vs 2022highest in 8 years
2024: €91k▼ -38.2% vs 2023
2025: €110k▲ +19.9% vs 2024
2018 → 2025
Total assets
€221k▲ 10.1%
2024 · €201k
2018: €342khighest in 8 years
2019: €285k▼ -16.7% vs 2018
2020: €330k▲ +15.6% vs 2019
2021: €212k▼ -35.6% vs 2020
2022: €244k▲ +15.1% vs 2021
2023: €283k▲ +16.0% vs 2022
2024: €201k▼ -29.2% vs 2023lowest in 8 years
2025: €221k▲ +10.1% vs 2024
2018 → 2025
Net result
€18k
2024 · €-57k
2018: €-40k
2019: €-23k▲ +41.5% vs 2018
2020: €29k▲ +225% vs 2019
2021: €-63k▼ -315% vs 2020lowest in 8 years
2022: €36k▲ +157% vs 2021highest in 8 years
2023: €32k▼ -10.2% vs 2022
2024: €-57k▼ -275% vs 2023
2025: €18k▲ +132% vs 2024
2018 → 2025
Working capital
€119k▲ 19.7%
2024 · €99k
2018: €134k
2019: €122k▼ -8.9% vs 2018
2020: €148k▲ +20.8% vs 2019
2021: €86k▼ -42.1% vs 2020lowest in 8 years
2022: €131k▲ +53.1% vs 2021
2023: €157k▲ +19.5% vs 2022highest in 8 years
2024: €99k▼ -36.7% vs 2023
2025: €119k▲ +19.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€79k-€116k▲ 45.4%€148k▲ 28.0%€91k▼ 38.2%€110k▲ 19.9%
2021: €79klowest in 5 years
2022: €116k▲ +45.4% vs 2021
2023: €148k▲ +28.0% vs 2022highest in 5 years
2024: €91k▼ -38.2% vs 2023
2025: €110k▲ +19.9% vs 2024
Operating result€-62k-€36k€34k▼ 6.5%€-55k€19k
2021: €-62klowest in 5 years
2022: €36k▲ +158% vs 2021highest in 5 years
2023: €34k▼ -6.5% vs 2022
2024: €-55k▼ -265% vs 2023
2025: €19k▲ +135% vs 2024
Net result€-63k-€36k€32k▼ 10.2%€-57k€18k
2021: €-63klowest in 5 years
2022: €36k▲ +157% vs 2021highest in 5 years
2023: €32k▼ -10.2% vs 2022
2024: €-57k▼ -275% vs 2023
2025: €18k▲ +132% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19k after a loss of €55k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221k
Fixed assets
€5k ▼ 20.9%
Current assets
€216k ▲ 11.2%
Equity and liabilities €221k
Equity
€110k ▲ 19.9%
Debt
€111k ▲ 2.0%
Debt's share of the balance-sheet total falls from 54.4% to 50.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21k▲
2024 · €-48k
Cash flow
€20k▲
2024 · €-49k
Current ratio
2.23▲
2024 · 2.05
Debt to equity
1.02▼
2024 · 1.19
ROE
16.6%▲
2024 · -61.8%
ROA
8.2%▲
2024 · -28.2%
Interest coverage
17.63▲
2024 · -42.47
Debt ≤ 1 year
€97k▲
2024 · €95k
Debt > 1 year
€15k=
2024 · €15k
Staff costs
€86k▼
2024 · €100k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€201k€221k▲
Fixed assets21/28€7k€5k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€3k€3k=
Current assets29/58€194k€216k▲
Amounts receivable within one year40/41€85k€69k▼
Trade receivables40€84k€57k▼
Other amounts receivable41€714€12k▲
Cash at bank and in hand54/58€80k€68k▼
Deferred charges and accrued income490/1€29k€78k▲
Equity and liabilities
Total equity and liabilities10/49€201k€221k▲
Equity10/15€91k€110k▲
Contributions10/11€19k€19k=
Reserves13€129k€129k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€109k€109k=
Profit (loss) carried forward14€-57k€-38k▲
Amounts payable17/49€109k€111k▲
Amounts payable after more than one year17€15k€15k=
Other amounts payable178/9€15k€15k=
Amounts payable within one year42/48€95k€97k▲
Trade debts44€15k€13k▼
Suppliers440/4€15k€13k▼
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€3k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€76k€77k▲
Income statement
Code20242025
Non-recurring operating income76A-€85k
Remuneration, social security and pensions62€100k€86k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€1k▼
Other operating charges640/8€68k€61k▼
Gross operating margin9900€120k€168k▲
Operating profit (loss)9901€-55k€19k▲
Financial income75/76B€14€12▼
Recurring financial income75€14€12▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€-57k€18k▲
Profit (loss) for the period9904€-57k€18k▲
Profit (loss) for the period to be appropriated9905€-57k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-38k▲
Profit (loss) brought forward from the previous period14P-€-57k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €85k | - |
| Remuneration, social security and pensions62 | €172k | €148k | €208k | €100k | €86k | ▼ 14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €14k | €9k | €7k | €1k | ▼ 80.9% |
| Other operating charges640/8 | €75k | €63k | €74k | €68k | €61k | ▼ 10.1% |
| Gross operating margin9900 | €205k | €261k | €326k | €120k | €168k | ▲ 40.0% |
| Operating profit (loss)9901 | €-62k | €36k | €34k | €-55k | €19k | ▲ 135% |
| Financial income75/76B | €0 | €1k | €50 | €14 | €12 | ▼ 13.5% |
| Recurring financial income75 | €0 | €1k | €50 | €14 | €12 | ▼ 13.5% |
| Financial charges65/66B | €1k | €1k | €1k | €1k | €1k | ▲ 4.1% |
| Recurring financial charges65 | €1k | €1k | €1k | €1k | €1k | ▲ 4.1% |
| Profit (loss) for the period before taxes9903 | €-63k | €36k | €32k | €-57k | €18k | ▲ 132% |
| Income taxes67/77 | - | €156 | - | - | - | - |
| Profit (loss) for the period9904 | €-63k | €36k | €32k | €-57k | €18k | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | €-63k | €36k | €32k | €-57k | €18k | ▲ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €212k | €244k | €283k | €201k | €221k | ▲ 10.1% |
| Fixed assets21/28 | €28k | €20k | €11k | €7k | €5k | ▼ 20.9% |
| Tangible fixed assets22/27 | €25k | €17k | €7k | €3k | €2k | ▼ 43.1% |
| Plant, machinery and equipment23 | €600 | €0 | - | - | - | - |
| Furniture and vehicles24 | €24k | €17k | €7k | €3k | €2k | ▼ 43.1% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €184k | €224k | €272k | €194k | €216k | ▲ 11.2% |
| Amounts receivable within one year40/41 | €101k | €95k | €155k | €85k | €69k | ▼ 18.6% |
| Trade receivables40 | €82k | €95k | €155k | €84k | €57k | ▼ 31.8% |
| Other amounts receivable41 | €18k | - | - | €714 | €12k | ▲ 1,531% |
| Cash at bank and in hand54/58 | €55k | €119k | €79k | €80k | €68k | ▼ 14.6% |
| Deferred charges and accrued income490/1 | €28k | €10k | €38k | €29k | €78k | ▲ 168% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €212k | €244k | €283k | €201k | €221k | ▲ 10.1% |
| Equity10/15 | €79k | €116k | €148k | €91k | €110k | ▲ 19.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €158k | €158k | €129k | €129k | €129k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | €137k | €137k | €109k | €109k | €109k | = |
| Profit (loss) carried forward14 | €-97k | €-61k | - | €-57k | €-38k | ▲ 32.1% |
| Amounts payable17/49 | €133k | €129k | €135k | €109k | €111k | ▲ 2.0% |
| Amounts payable after more than one year17 | €35k | €29k | €20k | €15k | €15k | = |
| Other amounts payable178/9 | €35k | €29k | €20k | €15k | €15k | = |
| Amounts payable within one year42/48 | €98k | €93k | €116k | €95k | €97k | ▲ 2.3% |
| Current portion of amounts payable after more than one year42 | €3k | - | - | - | - | - |
| Trade debts44 | €15k | €15k | €24k | €15k | €13k | ▼ 13.3% |
| Suppliers440/4 | €15k | €15k | €24k | €15k | €13k | ▼ 13.3% |
| Taxes, remuneration and social security45 | €7k | €5k | €20k | €4k | €6k | ▲ 71.1% |
| Taxes450/3 | €6k | €5k | €12k | €4k | €3k | ▼ 25.4% |
| Remuneration and social security454/9 | €252 | - | €8k | - | €3k | - |
| Other amounts payable47/48 | €73k | €73k | €72k | €76k | €77k | ▲ 2.2% |
| Accrued charges and deferred income492/3 | - | €7k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-63k | €36k | €32k | €-57k | €18k | ▲ 132% |
| + Depreciation and write-downs630 | €19k | €14k | €9k | €7k | €1k | ▼ 80.9% |
| Operating cash flow (approximation) | €-44k | €50k | €42k | €-49k | €20k | ▲ 140% |
| Investment in fixed assets (approximation) | - | €-5k | €-135 | €-3k | €0 | ▲ 100% |
| Change in cash | - | €64k | €-40k | €738 | €-12k | ▼ 1,684% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Equity above €100kEq €110k ▲19.9%
Equity rises from €91k to €110k.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
31-12
Financial
Equity above €100kEq €116k ▲45.4%
Equity rises from €79k to €116k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet €-63k
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Back to profitnet €29k
Net result €29k after 2 loss-making years.
Show earlier events
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Alken · 1 establishment unit since 2007
Ground area
656 m²
Building footprint
174 m²
Volume, LiDAR
801 m³
Parcel 73302E0442/00E000, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Padari
since 20072.160.418.147
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302E0442/00E000 | Flanders | 656 m² | 1 · 174 m² | 9.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,500 EUR | 1,500 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteAlken2.160.418.147
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Of 997 companies in sector 49420 we hold annual accounts for 450. 348 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49420Removal services
52249Warehousing and support activities for transportation
52250Logistics services
Scores and ratios are computed by Checked and are not a credit decision.