PADE
Dissolution or liquidationSummary
The KBO register records for PADE the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €12,466 and a net result of €41,215.
Signals
Three 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 30-09-2021 was due by 30-04-2022 and was filed on 27-04-2022, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
3 d early
2020
355 d late
2019
300 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 217 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
3 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-compliance×3
History
Financials · fiscal year 2021, micro schema
Equity
€12,466
2020 · -€28,749
Total assets
€222,252▼ 31.1%
2020 · €322,580
Net result
€41,215
2020 · -€21,800
Working capital
€48,996
2020 · -€21,373
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
Line2018201920202021
Operating result€317--€802-€7,983▼ 896%€54,176
Net result€399--€16,775-€21,800▼ 29.9%€41,215
Equity€9,826--€6,949-€28,749▼ 314%€12,466
Total assets€353,268-€327,064▼ 7.4%€322,580▼ 1.4%€222,252▼ 31.1%
Debt€343,442-€334,014▼ 2.7%€351,329▲ 5.2%€209,786▼ 40.3%
Working capital-€33,619--€16,947▲ 49.6%-€21,373▼ 26.1%€48,996
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 2021: €54,176 after a loss of €7,983 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €222,252
Fixed assets
€154,672 ▼ 43.5%
Current assets
€67,581 ▲ 37.9%
Equity and liabilities €222,252
Equity
€12,466
Debt
€209,786
Debt finances 94.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€71,490▲
2020 · €13,413
Cash flow
€58,529▲
2020 · -€404
Current ratio
3.64▲
2020 · 0.70
Quick ratio
3.48▲
2020 · 0.68
Debt to equity
16.83▲
2020 · -12.22
ROE
330.6%
ROA
18.5%▲
2020 · -6.8%
Interest coverage
6.23▲
2020 · 1.47
Debt ≤ 1 year
€18,585▼
2020 · €70,389
Debt > 1 year
€178,559▼
2020 · €258,870
Income taxes
€1,495▼
2020 · €4,670
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 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €99,355 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,011 | €21,624 | €21,396 | €17,314 | ▼ 19.1% |
| Other operating charges640/8 | - | - | €3,790 | €6,477 | ▲ 70.9% |
| Non-recurring operating charges66A | - | - | - | €1,350 | - |
| Gross operating margin9900 | €19,681 | €27,624 | €17,203 | €79,317 | ▲ 361% |
| Operating profit (loss)9901 | €317 | -€802 | -€7,983 | €54,176 | ▲ 779% |
| Financial income75/76B | - | - | €5 | €1 | ▼ 81.7% |
| Recurring financial income75 | €231 | €4 | €5 | €1 | ▼ 81.7% |
| Financial charges65/66B | - | - | €9,152 | €11,467 | ▲ 25.3% |
| Recurring financial charges65 | €9,059 | €13,701 | €9,152 | €11,467 | ▲ 25.3% |
| Profit (loss) for the period before taxes9903 | €2,349 | -€16,014 | -€17,129 | €42,710 | ▲ 349% |
| Income taxes67/77 | €1,950 | €762 | €4,670 | €1,495 | ▼ 68.0% |
| Profit (loss) for the period9904 | €399 | -€16,775 | -€21,800 | €41,215 | ▲ 289% |
| Profit (loss) for the period to be appropriated9905 | €399 | -€16,775 | -€21,800 | €41,215 | ▲ 289% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €353,268 | €327,064 | €322,580 | €222,252 | ▼ 31.1% |
| Fixed assets21/28 | €314,795 | €294,701 | €273,565 | €154,672 | ▼ 43.5% |
| Tangible fixed assets22/27 | €314,795 | €294,701 | €273,565 | €154,672 | ▼ 43.5% |
| Land and buildings22 | - | - | €235,287 | €127,513 | ▼ 45.8% |
| Plant, machinery and equipment23 | - | - | €38,278 | €26,829 | ▼ 29.9% |
| Furniture and vehicles24 | - | - | - | €330 | - |
| Current assets29/58 | €38,473 | €32,363 | €49,015 | €67,581 | ▲ 37.9% |
| Stocks and contracts in progress3 | €2,399 | €2,887 | €853 | €2,853 | ▲ 234% |
| Stocks30/36 | - | - | €853 | €2,853 | ▲ 234% |
| Amounts receivable within one year40/41 | €1,101 | €5,796 | €10,329 | €23,351 | ▲ 126% |
| Trade receivables40 | - | - | €10,244 | €19,667 | ▲ 92.0% |
| Other amounts receivable41 | - | - | €85 | €3,684 | ▲ 4,225% |
| Cash at bank and in hand54/58 | €34,973 | €23,490 | €36,821 | €28,406 | ▼ 22.9% |
| Deferred charges and accrued income490/1 | - | - | €1,012 | €12,970 | ▲ 1,182% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €353,268 | €327,064 | €322,580 | €222,252 | ▼ 31.1% |
| Equity10/15 | €9,826 | -€6,949 | -€28,749 | €12,466 | ▲ 143% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €9,091 | €23,230 | €23,230 | €23,230 | = |
| Distributable reserves133 | - | - | €23,230 | €23,230 | = |
| Profit (loss) carried forward14 | -€5,465 | -€36,380 | -€58,179 | -€16,964 | ▲ 70.8% |
| Amounts payable17/49 | €343,442 | €334,014 | €351,329 | €209,786 | ▼ 40.3% |
| Amounts payable after more than one year17 | €267,969 | €268,242 | €258,870 | €178,559 | ▼ 31.0% |
| Financial debts170/4 | - | - | €258,870 | €178,559 | ▼ 31.0% |
| Amounts payable within one year42/48 | €72,093 | €49,310 | €70,389 | €18,585 | ▼ 73.6% |
| Current portion of amounts payable after more than one year42 | - | - | €17,608 | €9,355 | ▼ 46.9% |
| Financial debts43 | - | - | €10,519 | - | - |
| Credit institutions430/8 | - | - | €10,519 | - | - |
| Trade debts44 | €10,662 | €3,253 | €5,661 | €7,687 | ▲ 35.8% |
| Suppliers440/4 | - | - | €5,661 | €7,687 | ▲ 35.8% |
| Taxes, remuneration and social security45 | - | - | €7,271 | €1,401 | ▼ 80.7% |
| Taxes450/3 | - | - | €7,271 | €1,401 | ▼ 80.7% |
| Other amounts payable47/48 | - | - | €29,329 | €143 | ▼ 99.5% |
| Accrued charges and deferred income492/3 | - | - | €22,071 | €12,643 | ▼ 42.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €399 | -€16,775 | -€21,800 | €41,215 | ▲ 289% |
| + Depreciation and write-downs630 | €15,011 | €21,624 | €21,396 | €17,314 | ▼ 19.1% |
| Operating cash flow (approximation) | €15,410 | €4,849 | -€404 | €58,529 | ▲ 14,594% |
| Investment in fixed assets (approximation) | - | -€1,530 | -€260 | €101,580 | ▲ 39,184% |
| Change in cash | - | -€11,483 | €13,331 | -€8,415 | ▼ 163% |
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
2024
08-11
KBO administration
UBO non-compliance
event 28-10-2024
05-07
KBO administration
UBO non-compliance
event 22-06-2024
07-06
KBO administration
UBO non-compliance
event 30-05-2024
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
20-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 355 days late
2021
30-09
Financial
Back to profitnet €41,215
Net result €41,215 after 2 loss-making years.
30-09
Financial
Liquidity times 5current ratio 3.64
Current ratio from 0.70 to 3.64; short-term debt falls from €70,389 to €18,585.
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 300 days late
2020
30-09
Financial
Weakest financial yearnet -€21,800
Net result drops to -€21,800, the lowest in the series.
2019
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
Show earlier events
2016
30-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
30-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
02-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 2 days late
2013
31-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Heist-op-den-Berg · 1 establishment unit since 2010
Ground area
172 m²
Parcel 12006C1208/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
Spoor 11
since 20102.184.620.637
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12006C1208/00H000 | Flanders | 172 m² | - | - |
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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded12-01-2010
Fiscal year end30-09
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.