PADDEVAN
Bankruptcy closedInactive since 25-06-2026; last annual accounts for fiscal year 2022.
Summary
PADDEVAN was declared bankrupt on 12-02-2024 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 23-06-2026, published in the Belgian State Gazette on 26-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-05-2023, 67 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
67 d early
2021
53 d early
2020
60 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 52 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Growing of vegetables, melons, roots and tubers sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
-€13,658▼ 16.9%
2021 · -€11,681
Total assets
€16,578▲ 75.0%
2021 · €9,473
Net result
-€1,977
2021 · €3,729
Working capital
-€25,337▼ 117%
2021 · -€11,681
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€695--€230▲ 66.9%€573€4,283▲ 647%-€1,261
Net result-€1,571--€678▲ 56.8%€204within the sector's middle half€3,729within the sector's middle half▲ 1,728%-€1,977within the sector's middle half
Equity-€14,937--€15,614▼ 4.5%-€15,410below the sector's middle half▲ 1.3%-€11,681below the sector's middle half▲ 24.2%-€13,658below the sector's middle half▼ 16.9%
Total assets€3,075-€1,320▼ 57.1%€8,112below the sector's middle half▲ 515%€9,473below the sector's middle half▲ 16.8%€16,578below the sector's middle half▲ 75.0%
Debt€18,012-€16,934▼ 6.0%€23,522▲ 38.9%€21,154▼ 10.1%€30,236▲ 42.9%
Working capital-€16,644--€16,245▲ 2.4%-€15,726▲ 3.2%-€11,681▲ 25.7%-€25,337▼ 117%
Solvency-190.0%below the sector's middle half-123.3%below the sector's middle half▲ 66.7pp-82.4%below the sector's middle half▲ 40.9pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €1,261 after €4,283 in 2021, the lowest result in the available series.
Balance-sheet composition
Assets €16,578
Fixed assets
€11,679
Current assets
€4,899
Key figures and ratios
EBITDA
€288▼
2021 · €4,599
Cash flow
-€428▼
2021 · €4,045
Current ratio
0.16▼
2021 · 0.45
Debt to equity
-2.21▼
2021 · -1.81
ROA
-11.9%▼
2021 · 39.4%
Interest coverage
0.40▼
2021 · 8.30
Debt ≤ 1 year
€30,236▲
2021 · €21,154
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,076 | €316 | €316 | €316 | €1,549 | ▲ 390% |
| Gross operating margin9900 | €713 | €86 | €1,155 | €4,599 | €288 | ▼ 93.7% |
| Operating profit (loss)9901 | -€695 | -€230 | €573 | €4,283 | -€1,261 | ▼ 129% |
| Financial income75/76B | - | - | - | - | €1 | - |
| Recurring financial income75 | - | €2 | - | - | €1 | - |
| Financial charges65/66B | - | - | - | €554 | €717 | ▲ 29.4% |
| Recurring financial charges65 | €876 | €450 | €369 | €554 | €717 | ▲ 29.4% |
| Profit (loss) for the period before taxes9903 | -€1,571 | -€678 | €204 | €3,729 | -€1,977 | ▼ 153% |
| Profit (loss) for the period9904 | -€1,571 | -€678 | €204 | €3,729 | -€1,977 | ▼ 153% |
| Profit (loss) for the period to be appropriated9905 | -€1,571 | -€678 | €204 | €3,729 | -€1,977 | ▼ 153% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,075 | €1,320 | €8,112 | €9,473 | €16,578 | ▲ 75.0% |
| Fixed assets21/28 | €1,707 | €631 | €316 | - | €11,679 | - |
| Tangible fixed assets22/27 | €1,707 | €631 | €316 | - | €11,679 | - |
| Plant, machinery and equipment23 | - | - | - | - | €9,720 | - |
| Furniture and vehicles24 | - | - | - | - | €1,959 | - |
| Current assets29/58 | €1,368 | €689 | €7,796 | €9,473 | €4,899 | ▼ 48.3% |
| Amounts receivable within one year40/41 | €1,262 | €352 | €7,013 | €8,879 | €1,055 | ▼ 88.1% |
| Trade receivables40 | - | - | - | €8,879 | €774 | ▼ 91.3% |
| Other amounts receivable41 | - | - | - | - | €281 | - |
| Cash at bank and in hand54/58 | - | €197 | €783 | €594 | €3,844 | ▲ 547% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,075 | €1,320 | €8,112 | €9,473 | €16,578 | ▲ 75.0% |
| Equity10/15 | -€14,937 | -€15,614 | -€15,410 | -€11,681 | -€13,658 | ▼ 16.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | - | - | €20,000 | €20,000 | = |
| Issued capital100 | - | - | - | €20,000 | €20,000 | = |
| Reserves13 | €25,302 | €25,302 | €25,302 | €25,302 | €25,302 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | = |
| Legal reserve130 | - | - | - | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | - | - | €18,302 | €18,302 | = |
| Distributable reserves133 | - | - | - | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€60,239 | -€60,916 | -€60,712 | -€56,983 | -€58,960 | ▼ 3.5% |
| Amounts payable17/49 | €18,012 | €16,934 | €23,522 | €21,154 | €30,236 | ▲ 42.9% |
| Amounts payable within one year42/48 | €18,012 | €16,934 | €23,522 | €21,154 | €30,236 | ▲ 42.9% |
| Trade debts44 | €1,985 | €2,197 | €955 | €3,661 | - | - |
| Suppliers440/4 | - | - | - | €3,661 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €727 | - | - |
| Taxes450/3 | - | - | - | €727 | - | - |
| Other amounts payable47/48 | - | - | - | €16,766 | €30,236 | ▲ 80.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,571 | -€678 | €204 | €3,729 | -€1,977 | ▼ 153% |
| + Depreciation and write-downs630 | €1,076 | €316 | €316 | €316 | €1,549 | ▲ 390% |
| Operating cash flow (approximation) | -€495 | -€362 | €520 | €4,045 | -€428 | ▼ 111% |
| Investment in fixed assets (approximation) | - | €760 | -€1 | - | - | - |
| Change in cash | - | - | €586 | -€189 | €3,250 | ▲ 1,820% |
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
2026
26-06
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 23-06-2026
2024
16-02
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 12-02-2024
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€1,977
Net result drops to -€1,977, the lowest in the series.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €3,729 ▲1,728%
Operating result €4,283, net result €3,729, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €204
Net result €204 after 2 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 121 days late
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Show earlier events
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
08-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Aywaille
Ground area
1,582 m²
Building footprint
176 m²
Volume, LiDAR
966 m³
Parcel 61026B0735/00H000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61026B0735/00H000 | Wallonia | 1,582 m² | 1 · 176 m² | 8.2 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE SCHMITS RUE LAOUREUX 42, 4800 VERVIERS- |
12-02-2024 → 23-06-2026 |
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Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded16-07-2001
Fiscal year end31-12
Activities, NACEBEL 2025
01130Growing of vegetables, melons, roots and tubers
01610Support activities for crop production
43120Site preparation
71111Activities of building architects
81300Landscape service activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.