PADECOR
ActivePADECOR has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 17964 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
63
/ 100
Healthy▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-37
Solvency43▲+24
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 0.89 in 2024), but 86.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.9%
Return on assets
1.8%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €68k
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 d late
2023
30 d late
2022
26 d late
2021
96 d early
2020
30 d late
2019
30 d early
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€68k▲ 14.5%
2024 · €60k
2018: €7k
2019: €16k
2020: €-11k
2021: €11k
2022: €25k
2023: €40k
2024: €60k
2018 → 2025
Total assets
€492k▲ 25.5%
2024 · €393k
2018: €48k
2019: €66k
2020: €128k
2021: €161k
2022: €467k
2023: €357k
2024: €393k
2018 → 2025
Net result
€9k▼ 66.2%
2024 · €26k
2018: €18k
2019: €8k
2020: €-26k
2021: €22k
2022: €14k
2023: €25k
2024: €26k
2018 → 2025
Working capital
€180k
2024 · €-24k
2018: €-6k
2019: €-24k
2020: €-34k
2021: €-22k
2022: €-56k
2023: €-40k
2024: €-24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€25k▲ 127%€40k▲ 61.3%€60k▲ 48.7%€68k▲ 14.5%
Operating result€26k-€23k▼ 14.5%€34k▲ 53.1%€41k▲ 19.5%€26k▼ 37.9%
Net result€22k-€14k▼ 35.9%€25k▲ 81.0%€26k▲ 1.1%€9k▼ 66.2%
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 falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €492k
Fixed assets
€181k▼ 11.7%
Current assets
€312k▲ 65.9%
Equity and liabilities €492k
Equity
€68k▲ 14.5%
Debt
€424k▲ 27.4%
The debt ratio rises from 84.8% to 86.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€59k▼
2024 · €98k
Cash flow
€42k▼
2024 · €82k
Solvency
13.9%▼
2024 · 15.2%
Current ratio
2.37▲
2024 · 0.89
Quick ratio
0.48▼
2024 · 0.61
Debt / equity
6.20▲
2024 · 5.56
ROE
12.6%▼
2024 · 42.8%
ROA
1.8%▼
2024 · 6.5%
Interest coverage
4.80▼
2024 · 11.70
Debt
€424k▲
2024 · €333k
Debt ≤ 1 year
€132k▼
2024 · €212k
Debt > 1 year
€292k▲
2024 · €120k
Income taxes
€6k▼
2024 · €10k
Staff costs
€75k▼
2024 · €80k
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€393k€492k▲
Fixed assets21/28€205k€181k▼
Intangible fixed assets21-€3k
Tangible fixed assets22/27€202k€176k▼
Plant, machinery and equipment23€36k€31k▼
Furniture and vehicles24€149k€131k▼
Other tangible fixed assets26€17k€13k▼
Financial fixed assets28€2k€2k=
Current assets29/58€188k€312k▲
Stocks and contracts in progress3€59k€249k▲
Stocks30/36€59k€249k▲
Amounts receivable within one year40/41€106k€32k▼
Trade receivables40€103k€15k▼
Other amounts receivable41€3k€17k▲
Cash at bank and in hand54/58€16k€19k▲
Deferred charges and accrued income490/1€7k€11k▲
Equity and liabilities
Total equity and liabilities10/49€393k€492k▲
Equity10/15€60k€68k▲
Contributions10/11€19k€19k=
Reserves13€41k€50k▲
Tax-exempt reserves132€342€342=
Distributable reserves133€41k€49k▲
Profit (loss) carried forward14€127€127=
Amounts payable17/49€333k€424k▲
Amounts payable after more than one year17€120k€292k▲
Financial debts170/4€120k€292k▲
Amounts payable within one year42/48€212k€132k▼
Current portion of amounts payable after more than one year42€53k€63k▲
Financial debts43€5k€40k▲
Credit institutions430/8€5k€40k▲
Trade debts44€17k€16k▼
Suppliers440/4€17k€16k▼
Advances received on contracts in progress46€109k€0▼
Taxes, remuneration and social security45€22k€13k▼
Taxes450/3€21k€12k▼
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€6k€0▼
Accrued charges and deferred income492/3€213€154▼
Income statement
Code20242025
Remuneration, social security and pensions62€80k€75k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€33k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€180k€136k▼
Operating profit (loss)9901€41k€26k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€8k€12k▲
Recurring financial charges65€8k€12k▲
Profit (loss) for the period before taxes9903€36k€15k▼
Income taxes67/77€10k€6k▼
Profit (loss) for the period9904€26k€9k▼
Profit (loss) for the period to be appropriated9905€26k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€9k▼
Profit (loss) brought forward from the previous period14P€127€127=
Transfer from equity791/2€0-
Transfer to equity691/2€20k€9k▼
To other reserves6921€20k€9k▼
Profit to be distributed694/7€6k€0▼
Return on contributions (dividend)694€0-
Directors or managers695€6k€0▼
The notes to these accounts (17 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 2.37
Current ratio from 0.89 to 2.37; short-term debt falls from €212k to €132k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €26k ▲1.1%
Operating result €41k, net result €26k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-26k ▼415%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
Pauwels Steven
CurrentDirector · since 06-12-2023
Van Loo Cindy
CurrentDirector · since 06-12-2023
06-12-2023
Pauwels Steven: Resigned as Director
06-12-2023
Pauwels Steven: Appointed as Director
06-12-2023
Van Loo Cindy: Resigned as Director
06-12-2023
Van Loo Cindy: Appointed as Director
Location & real-estate footprint
Registered office, Lievegem · 1 establishment unit since 2008
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.
Haagstraat 19930 LievegemGround area
472 m²
Building footprint
139 m²
Volume, LiDAR
435 m³
Parcel 44080E0128/00B000, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PADECOR BVBA
since 20082.173.793.457
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080E0128/00B000 | Flanders | 472 m² | 1 · 139 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
P & P INNOVATIONS
BE 0834.267.108
Tongeren-Borgloon · Eq €68k
ETABLISSEMENTS PATEN ET FILS
BE 0437.025.382
Genappe · Eq €68k
MARTENS DIEGO
BE 0684.972.131
Eeklo · Eq €68k
CT interieur
BE 0846.627.579
Beerse · Eq €68k
VAN GINKEL
BE 0817.610.723
Wuustwezel · Eq €68k
Of 19,948 companies in sector 43320 we hold annual accounts for 9,082. 7,564 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-2008
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
47512Retail sale of household textiles and bedding
43332Laying of wooden floor and wall coverings
47513Retail trade
47519Retail trade
47530Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.