Paddocksplace
ActiveThe annual accounts of Paddocksplace for fiscal year 2025 show a net loss of 136% of the equity at the start of that year. The 2025 annual accounts show equity of €5k and a net result of €-61k. Equity is shrinking by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 23% of 18040 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-23
Solvency26▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.94 against 1.12 in 2024; short-term debt: 36.8% and cash: 8.7% of total assets), and 99% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1%
Return on assets
-13.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-61k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 18040 sector peers (2025).
NBB · sector comparisonPosition among 18040 sector peers
Solvency
better than 23%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
5 d early
2022
58 d late
2021
75 d late
2020
89 d late
2019
122 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k▼ 89.5%
2024 · €45k
2018: €92k
2019: €90k
2020: €101k
2021: €132k
2022: €89k
2023: €71k
2024: €45k
2018 → 2025
Total assets
€469k▼ 13.7%
2024 · €543k
2018: €215k
2019: €208k
2020: €169k
2021: €187k
2022: €335k
2023: €595k
2024: €543k
2018 → 2025
Net result
€-61k▼ 134%
2024 · €-26k
2018: €33k
2019: €-3k
2020: €12k
2021: €31k
2022: €-43k
2023: €-18k
2024: €-26k
2018 → 2025
Working capital
€-11k
2024 · €23k
2018: €71k
2019: €78k
2020: €93k
2021: €131k
2022: €78k
2023: €29k
2024: €23k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€132k-€89k▼ 32.9%€71k▼ 19.8%€45k▼ 36.8%€5k▼ 89.5%
Operating result€41k-€-42k€4k€-46k€-42k▲ 7.2%
Net result€31k-€-43k€-18k▲ 59.5%€-26k▼ 48.6%€-61k▼ 134%
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 €42k in 2025 against €46k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €469k
Fixed assets
€307k▼ 6.2%
Current assets
€162k▼ 25.0%
Equity and liabilities €469k
Equity
€5k▼ 89.5%
Debt
€464k▼ 6.8%
The debt ratio rises from 91.7% to 99.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-20k▲
2024 · €-23k
Cash flow
€-39k▼
2024 · €-3k
Solvency
1.0%▼
2024 · 8.3%
Current ratio
0.94▼
2024 · 1.12
Quick ratio
0.46▼
2024 · 0.57
Debt / equity
98.35▲
2024 · 11.07
ROA
-13.1%▼
2024 · -4.8%
Interest coverage
-1.05▼
2024 · 1.18
Debt
€464k▼
2024 · €498k
Debt ≤ 1 year
€172k▼
2024 · €192k
Debt > 1 year
€284k▼
2024 · €299k
Staff costs
€77k▼
2024 · €81k
A ratio outside any meaningful range has been withheld (balance sheet total €469k, equity €5k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€543k€469k▼
Fixed assets21/28€328k€307k▼
Tangible fixed assets22/27€328k€307k▼
Land and buildings22€323k€302k▼
Plant, machinery and equipment23€5k€5k▼
Furniture and vehicles24€0€58▲
Current assets29/58€216k€162k▼
Stocks and contracts in progress3€106k€82k▼
Stocks30/36€106k€82k▼
Amounts receivable within one year40/41€35k€37k▲
Trade receivables40€34k€35k▲
Other amounts receivable41€114€2k▲
Cash at bank and in hand54/58€35k€41k▲
Deferred charges and accrued income490/1€40k€2k▼
Equity and liabilities
Total equity and liabilities10/49€543k€469k▼
Equity10/15€45k€5k▼
Contributions10/11€18k€18k=
Reserves13€2k€2k=
Non-distributable reserves130/1€600€600=
Reserves not available under the articles1311€600€600=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€25k€-16k▼
Amounts payable17/49€498k€464k▼
Amounts payable after more than one year17€299k€284k▼
Financial debts170/4€299k€284k▼
Amounts payable within one year42/48€192k€172k▼
Current portion of amounts payable after more than one year42€17k€17k▲
Trade debts44€108k€77k▼
Suppliers440/4€108k€77k▼
Taxes, remuneration and social security45€18k€12k▼
Taxes450/3€16k€9k▼
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€50k€67k▲
Accrued charges and deferred income492/3€7k€8k▲
Income statement
Code20242025
Remuneration, social security and pensions62€81k€77k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€22k▼
Other operating charges640/8€8k€21k▲
Non-recurring operating charges66A€3-
Gross operating margin9900€66k€78k▲
Operating profit (loss)9901€-46k€-42k▲
Financial income75/76B€53€72▲
Recurring financial income75€53€72▲
Financial charges65/66B€-19k€19k▲
Recurring financial charges65€-19k€19k▲
Profit (loss) for the period before taxes9903€-26k€-61k▼
Profit (loss) for the period9904€-26k€-61k▼
Profit (loss) for the period to be appropriated9905€-26k€-61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€-37k▼
Profit (loss) brought forward from the previous period14P€51k€25k▼
Shareholders' contribution to the loss794-€21k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 58 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-12
Financial
Equity above €100kEq €101k ▲13.2%
Equity rises from €90k to €101k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 78 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Herk-de-Stad · 2 establishment units since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kiezelweg 1253540 Herk-de-StadGround area
1,645 m²
Building footprint
461 m²
Volume, LiDAR
2,290 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Paddock
since 20032.132.424.541
Paddocksplace Garage
since 20232.355.366.767
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71051B0267/00M000 | Flanders | 1,070 m² | 1 · 432 m² | 9.0 m · 2 fl. |
| 71051C0906/00F000 | Flanders | 575 m² | 1 · 29 m² | 5.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHerk-de-Stad2.132.424.541
Similar companies · same sector, comparable size
MPMN
BE 0675.407.832
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Goormans Performance Pitbike Parts
BE 0543.994.014
Kontich · Eq €5k
DVS Junior Racing
BE 1016.888.810
Grobbendonk · Eq €5k
MELIS MOTOR CENTER
BE 0769.708.757
Nijlen · Eq €4k
TBS CONVERSIONS
BE 0739.726.849
Pelt · Eq €5k
Of 1,126 companies in sector 47830 we hold annual accounts for 468. 110 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-2003
Fiscal year end31-12
Activities, NACEBEL
45402
47830Retail sale of motorcycles and motorcycle parts and accessories
50400Inland freight water transport
56301Cafés and bars
45401
46730Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.