Financials
- Financial year
- 2025
- Total assets
- €492,410
- Profit
- €8,640
- Solvency
- 13.9%
Total assets▲ 25.5%
Net result
20182025
PADECOR
ActiveSummary
PADECOR has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68,429 and a net result of €8,640. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 22,581 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Activity
Retail sale of household textiles and bedding
NACE 47512Joinery installation NACE 43320
1 site
Size
€492,410total assets 2025
- Staff
- 1.2 FTE
- Equity
- €68,429
- Profit
- €8,640
Turnover not published (abbreviated or micro format)
Why 81raises risk1 of the last 3 lateSector: Retail trade (NACE 47)lowers riskFounded in 2008Size: total assets €492,410Show the evidence
Checked score
Score 2025
81
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 46% of its sector peers (NACE 47, micro)
Financial strength · tick = 2024
Average
Solvency
39-1
equity 13.9% of total assets
Liquidity
44+16
short-term debt 26.7% · cash 4.0%
Profitability
61-16
return on assets 1.8%
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● unchanged vs 11-2024
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.7%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.6%▼ -0.1 percentage points vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.5%▼ -0.1 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.37, compared with 0.89 in 2024, above the usual 1.5; short-term debt: 26.7% and cash: 4% of total assets), but 86.1% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 30% on solvency, 43% on liquidity, 43% on profitability and 67% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €68,429
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
31 days late
2023
30 days late
2022
26 days late
2021
96 days early
2020
30 days late
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Liquidity more than doubledcurrent ratio 2.37
- Annual accounts filedfinancial year 2024 · micro…
Key points
By topic
Board & ownership
- Board
- 2 members
- Pauwels StevenDirector
- Van Loo CindyDirector
Timeline
- Events
- 22
- Since
- 2010
- Next accounts
- by 31-07-2027
- 31-12-2024Highest result from 2018 to 2025
- 30-08-2024Annual accounts filed
- 06-12-2023Resignations: Pauwels Steven (zaakvoerder,thans bestuurder) and Van…
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of household textiles and beddingNACE 47512
- Founded
- 14-10-2008
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
See the provisions in the deeds
Go to Articles of associationKey facts about PADECOR
- What is the company number of PADECOR?
- 0807.091.864. In Belgium the VAT number is the company number with BE in front: BE 0807.091.864.
- Where is PADECOR based?
- The registered office is at Haagstraat 1, 9930 Lievegem.Company details
- What does PADECOR do?
- According to the KBO register, the main activity is retail sale of household textiles and bedding (NACE 47512).
- What is the legal form of PADECOR?
- Private limited company (BV).
- When was PADECOR founded?
- On 14-10-2008.
- Is PADECOR still active?
- Yes, PADECOR is an active enterprise in the KBO register.
- How many employees does PADECOR have?
- On average 1.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PADECOR?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is PADECOR profitable?
- In financial year 2025, PADECOR made a profit of €8,640.
- Where can I find the annual accounts of PADECOR?
- PADECOR filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PADECOR due?
- By 31-07-2027, for financial year 2026.Timeline
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