PADDOCK - KETELS
ActiveSummary
PADDOCK - KETELS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164,091 and a net result of -€1,094. Equity remains stable across the filed fiscal years (±0.5% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 21.4% and cash: 0% of total assets), and 21.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
35 d early
2023
30 d early
2022
69 d early
2021
19 d early
2020
9 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 28 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 2 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€164,091▼ 0.7%
2024 · €165,185
Total assets
€208,646=
2024 · €208,645
Net result
-€1,094▲ 27.3%
2024 · -€1,505
Working capital
-€44,552▼ 2.5%
2024 · -€43,458
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€598▼ 128%-€1,387▼ 132%-€681▲ 50.9%-€1,505▼ 121%-€1,066▲ 29.2%
Net result-€621▼ 120%-€1,411▼ 127%-€705▲ 50.1%-€1,505▼ 114%-€1,094▲ 27.3%
Equity€168,805▼ 0.4%€167,394▼ 0.8%€166,689▼ 0.4%€165,185▼ 0.9%€164,091▼ 0.7%
Total assets€208,948▼ 0.6%€208,644▼ 0.1%€208,645=€208,645=€208,646=
Debt€40,144▼ 1.6%€41,250▲ 2.8%€41,955▲ 1.7%€43,460▲ 3.6%€44,556▲ 2.5%
Working capital-€39,342▼ 1.6%-€41,249▼ 4.8%-€41,953▼ 1.7%-€43,458▼ 3.6%-€44,552▼ 2.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,066 in 2025 against €1,505 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €208,646
Fixed assets
€208,643 =
Current assets
€4 ▲ 75.0%
Equity and liabilities €208,646
Equity
€164,091 ▼ 0.7%
Debt
€44,556 ▲ 2.5%
Debt's share of the balance-sheet total rises from 20.8% to 21.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.00▲
2024 · 0.00
Debt to equity
0.27▲
2024 · 0.26
ROE
-0.7%▲
2024 · -0.9%
ROA
-0.5%▲
2024 · -0.7%
Debt ≤ 1 year
€44,556▲
2024 · €43,460
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €6,464 | €6,604 | €6,911 | €7,782 | €7,426 | ▼ 4.6% |
| Gross operating margin9900 | €5,866 | €5,218 | €6,230 | €6,277 | €6,361 | ▲ 1.3% |
| Operating profit (loss)9901 | -€598 | -€1,387 | -€681 | -€1,505 | -€1,066 | ▲ 29.2% |
| Financial charges65/66B | €23 | €24 | €24 | - | €29 | - |
| Recurring financial charges65 | €23 | €24 | €24 | - | €29 | - |
| Profit (loss) for the period before taxes9903 | -€621 | -€1,411 | -€705 | -€1,505 | -€1,094 | ▲ 27.3% |
| Profit (loss) for the period9904 | -€621 | -€1,411 | -€705 | -€1,505 | -€1,094 | ▲ 27.3% |
| Profit (loss) for the period to be appropriated9905 | -€621 | -€1,411 | -€705 | -€1,505 | -€1,094 | ▲ 27.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208,948 | €208,644 | €208,645 | €208,645 | €208,646 | = |
| Fixed assets21/28 | €208,643 | €208,643 | €208,643 | €208,643 | €208,643 | = |
| Tangible fixed assets22/27 | €208,643 | €208,643 | €208,643 | €208,643 | €208,643 | = |
| Land and buildings22 | €199,471 | €199,471 | €199,471 | €199,471 | €199,471 | = |
| Other tangible fixed assets26 | €9,172 | €9,172 | €9,172 | €9,172 | €9,172 | = |
| Current assets29/58 | €306 | €1 | €2 | €2 | €4 | ▲ 75.0% |
| Amounts receivable within one year40/41 | €0 | - | - | - | - | - |
| Other amounts receivable41 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €306 | €1 | €2 | €2 | €4 | ▲ 75.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208,948 | €208,644 | €208,645 | €208,645 | €208,646 | = |
| Equity10/15 | €168,805 | €167,394 | €166,689 | €165,185 | €164,091 | ▼ 0.7% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €107,305 | €105,894 | €105,189 | €103,685 | €102,591 | ▼ 1.1% |
| Non-distributable reserves130/1 | €12,687 | €12,687 | €12,687 | €12,687 | €12,687 | = |
| Legal reserve130 | €12,687 | €12,687 | €12,687 | €12,687 | €12,687 | = |
| Distributable reserves133 | €94,617 | €93,207 | €92,502 | €90,998 | €89,903 | ▼ 1.2% |
| Amounts payable17/49 | €40,144 | €41,250 | €41,955 | €43,460 | €44,556 | ▲ 2.5% |
| Amounts payable within one year42/48 | €39,648 | €41,250 | €41,955 | €43,460 | €44,556 | ▲ 2.5% |
| Trade debts44 | - | €490 | - | - | - | - |
| Suppliers440/4 | - | €490 | - | - | - | - |
| Other amounts payable47/48 | €39,648 | €40,760 | €41,955 | €43,460 | €44,556 | ▲ 2.5% |
| Accrued charges and deferred income492/3 | €496 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€621 | -€1,411 | -€705 | -€1,505 | -€1,094 | ▲ 27.3% |
| Operating cash flow (approximation) | -€621 | -€1,411 | -€705 | -€1,505 | -€1,094 | ▲ 27.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€305 | €1 | €0 | €2 | - |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
07-07
State Gazette act
Resignations: Michel De Beule (manager) and Philip De Beule (manager)Appointments: BDV Holding, LIST and 2 others · Permanent representatives: De Vriendt Bart, Michael Lievois and 2 others · Name change37 facts ▸
State Gazette act
Resignations: Michel De Beule (manager) and Philip De Beule (manager)
Appointments: BDV Holding, LIST and 2 others · Permanent representatives: De Vriendt Bart, Michael Lievois and 2 others · Name change37 facts ▸
- General meeting, 30-06-2026
- Name change, Springvis Invest II
- Other statement, vrijstelling voorlezing bestuursverslag, voorzitter ontslagen van voorlezing verslag bestuurders over voorgenomen wijziging voorwerp
- Purpose change
- Registered-office move, 9100 Sint-Niklaas,Koningin Astridlaan 25 b
- Share class, aandelen op naam
- Share cancellation, gedrukte aandelen aan toonder, vernietigd
- Legal-form conversion, naamloze vennootschap zonder raad van bestuur,met slechts een enige bestuurder
- Board rule, mogelijkheid van raad van bestuur voorzien, regels betreffende bestuur en vertegenwoordiging wijzigen
- Other statement, continuïteit na omzetting
- Capital, €61.500
- Other statement, één aandeel naamloze vennootschap voor één aandeel commanditaire vennootschap op aandelen, ruilverhouding bij omzetting
- +25 further facts in this act
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€1,505
Net result drops to -€1,505, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26343234). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 5
BDV Holding
CurrentDirector · since 07-07-2026 · Private limited company · perm. rep.: De Vriendt Bart
BOO SERVICES
CurrentDirector · since 07-07-2026 · Private limited company (pre-2019) · perm. rep.: Dirk Blommaert
LIST
CurrentDirector · since 07-07-2026 · Private limited company · perm. rep.: Michael Lievois
RE4M
CurrentDirector · since 07-07-2026 · Private limited company · perm. rep.: Bert Belon
RE4M
CurrentDirector · since 07-07-2026 · Legal entity · from a recent act
Day-to-day management 2
RE4M
CurrentManaging director · since 07-07-2026 · Private limited company · perm. rep.: Bert Belon
RE4M
CurrentManaging director · since 07-07-2026 · Legal entity · from a recent act
Permanent representatives 4
Bert Belon
CurrentPermanent representative · since 07-07-2026 · for RE4M
De Vriendt Bart
CurrentPermanent representative · since 07-07-2026 · for BDV Holding
Dirk Blommaert
CurrentPermanent representative · since 07-07-2026 · for BOO SERVICES
Michael Lievois
CurrentPermanent representative · since 07-07-2026 · for LIST
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 1994
Ground area
4,430 m²
Building footprint
1,003 m²
Volume, LiDAR
15,506 m³
2 parcels, Flanders · tallest building 19.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Groenstraat 28, 9250 Waasmunster
since 19942.066.032.890
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1194/00T002indicative | Flanders | 4,316 m² | 1 · 889 m² | 19.8 m · 6 fl. |
| 42023A0997/00K000 | Flanders | 114 m² | 1 · 114 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
7 people since 2026, 5 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| BDV Holding |
|
| BOO SERVICES |
|
| LIST |
|
| RE4M |
|
| RE4Mfrom an act |
|
| Michel De Beule |
|
| Philip De Beule |
|
Articles of association
Annual meeting
First Monday of June at 18:00
Duration
Unlimited
Name clause
Springvis Invest II
Legal form clause
Naamloze vennootschap
Registered office clause
Administratieve zetels,agentschappen,ateliers,opslagplaatsen en bijhuizen oprichten of opheffen bij enkel besluit bestuursorgaan in België en buitenland, Vlaams…
Other statement
Artikel 6. Verhoging en vermindering van het kapitaal
Opvraging van stortingen, mits gelijke behandeling
Op naam met volgnummer, aard van andere effecten
Alle aandelen ondeelbaar, ondeelbaarheid van aandelen
Raad kiest voorzitter uit midden, voorzitterschap raad van bestuur
Plaats in oproepingsbrief,zoniet zetel vennootschap, bijeenroeping raad van bestuur
Artikel 15. Besluitvorming van de raad van bestuur
Notulen raad van bestuur, afschriften en uittreksels ondertekend door een bestuurder
Alle handelingen nodig of dienstig voor verwezenlijking voorwerp, bevoegdheden raad van bestuur
Raad bepaalt alleen of gezamenlijk optreden, dagelijks bestuur
Controle financiele toestand,jaarrekening en regelmatigheid verrichtingen, benoeming commissarissen
Artikel 23. Toelating tot de algemene vergadering
Artikel 23. Vertegenwoordiging op de algemene vergadering
Artikel 24. Aanwezigheidslijst
Voorzitter raad van bestuur, samenstelling bureau algemene vergadering
Artikel 26. Beraadslaging
Één of meerdere exemplaren/goedgekeurde voorstellen, alle besluiten bevoegdheid algemene vergadering
Door vennootschap ter beschikking gesteld elektronisch communicatiemiddel, elektronische algemene vergadering op afstand
Stemrecht algemene vergadering, meerderheid van stemmen ongeacht aantal vertegenwoordigde effecten,behoudens wet/statuten
Raad van bestuur, verdaging algemene vergadering
Notulen algemene vergadering, speciaal register op zetel
Een tiende van het kapitaal, bestemming winst
Uitkering dividenden en interimdividenden, overeenkomstig wettelijke bepalingen
Artikel 38. Geschillen
Keuze van woonplaats, geldige mededelingen,aanmaningen,dagvaardingen,betekeningen
Artikel 40. Toepasselijkheid van het Wetboek van vennootschappen en verenigingen
1 more provision on this in the deed
Share class
Volgnummer, op naam
Transfer restriction
Aandelen gaan vrij over onder levenden en bij overlijden van aandeelhouder
Board rule
Enkel algemene vergadering benoemt nieuwe bestuurder, hoogstens 6 jaar
Mandaat bestuurder niet bezoldigd behoudens andersluidende beslissing algemene vergadering
4, zevende besluit
Liquidation rule
Benoeming vereffenaars, een of meer
Bevoegdheden vereffenaars, anders bij gewone meerderheid van algemene vergadering
Liquidation distribution
Wijze van vereffening, dezelfde wijze
Structure & network
Connections & network
2 connected companiesCapital and shareholders
Shareholders according to the acts
Stated in the act
act of 07-07-2026 ↗
- Michel De Beule 657 shares
- Philip De Beule 657 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 07-07-2026 Capital stated in the act · 61,500 EUR · 1,314 shares
Identification & contact
Identification
Legal formPublic limited company
Founded13-12-1993
Fiscal year end31-12
Legal name NL
Springvis Invest II
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.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.