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PADELONKA

Active
Private limited companyfounded 20233 yrs activeKerkstraat 28, 3510 Hasselt, BelgiumKBO/BCE: BE 0801.555.936
Summary

The computed 12-month bankruptcy probability of PADELONKA is 4.9% (elevated). The 2025 annual accounts show equity of €20,752 and a net result of -€1,240. Its solvency ranks better than 78% of 13874 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
59 / 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-36
Solvency88▲+3
Growth32
Track record94
Bankruptcy probability, 12 months
4.9% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.71 against 2.08 in 2024; short-term debt: 33.3% and cash: 55.5% of total assets), and 36.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
63.3%
Return on assets
-3.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
18 d late
2024
21 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed 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.
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 May 2023, PADELONKA was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€20,752▼ 5.6%
2024 · €21,992
Total assets
€32,768▼ 10.0%
2024 · €36,392
Net result
-€1,240
2024 · €16,992
Working capital
€18,697▲ 19.8%
2024 · €15,612
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€22,738--€23
Net result€16,992within the sector's middle half--€1,240within the sector's middle half
Equity€21,992within the sector's middle half-€20,752within the sector's middle half▼ 5.6%
Total assets€36,392below the sector's middle half-€32,768below the sector's middle half▼ 10.0%
Debt€14,400-€12,016▼ 16.6%
Working capital€15,612within the sector's middle half-€18,697within the sector's middle half▲ 19.8%
Solvency60.4%above the sector's middle half-63.3%above the sector's middle half▲ 2.9pp
Current ratio2.08within the sector's middle half-2.71above the sector's middle half▲ 0.63
Return on assets (ROA)46.7%above the sector's middle half--3.8%within the sector's middle half▼ 50.5pp
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2024: €22,738€22,738Net result 2024: €16,992€16,992Operating result 2025: -€23-€23Net result 2025: -€1,240-€1,24020242025-€10,000€0€10,000€20,000Operating result 2024: €22,738€22,700Net result 2024: €16,992€17,000Operating result 2025: -€23-€23Net result 2025: -€1,240-€1,24020242025
The operating result turns negative in 2025: a loss of €23 after €22,738 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32,768
Fixed assets €3,156 ▼ 50.5%
Current assets €29,612 ▼ 1.3%
Equity and liabilities €32,768
Equity €20,752 ▼ 5.6%
Debt €12,016 ▼ 16.6%
Debt's share of the balance-sheet total falls from 39.6% to 36.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€3,202▼
2024 · €26,033
Cash flow
€1,985▼
2024 · €20,287
Quick ratio
2.44▲
2024 · 1.91
Debt to equity
0.58▼
2024 · 0.65
ROE
-6.0%▼
2024 · 77.3%
Interest coverage
7.12▼
2024 · 48.82
Debt ≤ 1 year
€10,916▼
2024 · €14,400
Income taxes
€767▼
2024 · €5,213
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,146 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
2.2% went bankrupt
5.9% stopped otherwise
92% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 2,146 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€36,392€32,768▼
Fixed assets21/28€6,381€3,156▼
Tangible fixed assets22/27€6,381€3,156▼
Plant, machinery and equipment23€3,403€1,914▼
Furniture and vehicles24€2,978€1,242▼
Current assets29/58€30,012€29,612▼
Stocks and contracts in progress3€2,444€3,011▲
Stocks30/36€2,444€3,011▲
Amounts receivable within one year40/41€11,836€8,405▼
Trade receivables40€2,723-
Other amounts receivable41€9,112€8,405▼
Cash at bank and in hand54/58€15,732€18,197▲
Equity and liabilities
Total equity and liabilities10/49€36,392€32,768▼
Equity10/15€21,992€20,752▼
Contributions10/11€5,000€5,000=
Reserves13€16,992€15,752▼
Distributable reserves133€16,992€15,752▼
Amounts payable17/49€14,400€12,016▼
Amounts payable within one year42/48€14,400€10,916▼
Trade debts44€7,017€2,430▼
Suppliers440/4€7,017€2,430▼
Taxes, remuneration and social security45€7,383€8,485▲
Taxes450/3€7,383€8,485▲
Accrued charges and deferred income492/3-€1,100
Income statement Code20242025
Remuneration, social security and pensions62€9,790-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,295€3,225▼
Gross operating margin9900€35,823€3,202▼
Operating profit (loss)9901€22,738-€23▼
Financial charges65/66B€533€450▼
Recurring financial charges65€533€450▼
Profit (loss) for the period before taxes9903€22,205-€473▼
Income taxes67/77€5,213€767▼
Profit (loss) for the period9904€16,992-€1,240▼
Profit (loss) for the period to be appropriated9905€16,992-€1,240▼
Appropriation of the result
Profit (loss) to be appropriated9906€16,992-€1,240▼
Transfer from equity791/2-€1,240
Transfer to equity691/2€16,992-
To other reserves6921€16,992-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€9,790--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,295€3,225▼ 2.1%
Gross operating margin9900€35,823€3,202▼ 91.1%
Operating profit (loss)9901€22,738-€23▼ 100%
Financial charges65/66B€533€450▼ 15.6%
Recurring financial charges65€533€450▼ 15.6%
Profit (loss) for the period before taxes9903€22,205-€473▼ 102%
Income taxes67/77€5,213€767▼ 85.3%
Profit (loss) for the period9904€16,992-€1,240▼ 107%
Profit (loss) for the period to be appropriated9905€16,992-€1,240▼ 107%
Line20242025Change
Assets
Total assets20/58€36,392€32,768▼ 10.0%
Fixed assets21/28€6,381€3,156▼ 50.5%
Tangible fixed assets22/27€6,381€3,156▼ 50.5%
Plant, machinery and equipment23€3,403€1,914▼ 43.8%
Furniture and vehicles24€2,978€1,242▼ 58.3%
Current assets29/58€30,012€29,612▼ 1.3%
Stocks and contracts in progress3€2,444€3,011▲ 23.2%
Stocks30/36€2,444€3,011▲ 23.2%
Amounts receivable within one year40/41€11,836€8,405▼ 29.0%
Trade receivables40€2,723--
Other amounts receivable41€9,112€8,405▼ 7.8%
Cash at bank and in hand54/58€15,732€18,197▲ 15.7%
Equity and liabilities
Total equity and liabilities10/49€36,392€32,768▼ 10.0%
Equity10/15€21,992€20,752▼ 5.6%
Contributions10/11€5,000€5,000=
Reserves13€16,992€15,752▼ 7.3%
Distributable reserves133€16,992€15,752▼ 7.3%
Amounts payable17/49€14,400€12,016▼ 16.6%
Amounts payable within one year42/48€14,400€10,916▼ 24.2%
Trade debts44€7,017€2,430▼ 65.4%
Suppliers440/4€7,017€2,430▼ 65.4%
Taxes, remuneration and social security45€7,383€8,485▲ 14.9%
Taxes450/3€7,383€8,485▲ 14.9%
Accrued charges and deferred income492/3-€1,100-
Line20242025Change
Profit (loss) for the period9904€16,992-€1,240▼ 107%
+ Depreciation and write-downs630€3,295€3,225▼ 2.1%
Operating cash flow (approximation)€20,287€1,985▼ 90.2%
Investment in fixed assets (approximation)-€0-
Change in cash-€2,464-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
21-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
3,266 m²
Building footprint
106 m²
Volume, LiDAR
271 m³
2 parcels, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Padelonka BV
Ten Hove 12, 3510 HasseltCafés and bars
since 20232.362.107.574
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71028B0434/00T000 Flanders 2,554 m² - -
71054A0194/00E000 Flanders 713 m² 1 · 106 m² 6.7 m · 1 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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

Of 21,835 companies in this sector we hold annual accounts for 9,786. 8,111 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded08-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID 0208:0801555936
Also 9925:BE0801555936
Registered 30-01-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.