PADELWORLD
ActiveSummary
PADELWORLD has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.5m and a net result of -€278,896. Equity is growing by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 436 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▲+9
Solvency80▲+2
Growth55▼-23
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 8.74 against 5.25 in 2024; short-term debt: 5.7% and cash: 0.2% of total assets), and 45.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
54.7%
Return on assets
-1.2%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
22 d early
2024
65 d early
2023
54 d early
2022
47 d early
2021
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 8 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?ALYCHLO · 52 companies
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#3 company by total assets in Bruges, Arts, sports and recreation sector#3 company by equity in Bruges, Arts, sports and recreation sector
Turnover
€30,700▲ 34.7%
2021 · €22,791
EBIT margin
41.0%▲ 663.6pp
2021 · -622.6%
Net result
-€278,896
2024 · €767,439
Working capital
€10.1m▼ 0.8%
2024 · €10.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€22,791-€30,700
Operating result-€141,889--€700,853▼ 394%-€386,321▲ 44.9%€1.4m€12,582▼ 99.1%
Net result-€144,128below the sector's middle half--€851,827below the sector's middle half▼ 491%-€649,288below the sector's middle half▲ 23.8%€767,439above the sector's middle half-€278,896below the sector's middle half
EBIT margin-622.6%-41.0%
Equity€5.3mabove the sector's middle half-€6.5mabove the sector's middle half▲ 23.3%€5.8mabove the sector's middle half▼ 10.0%€12.8mabove the sector's middle half▲ 119%€12.5mabove the sector's middle half▼ 2.2%
Total assets€5.5mabove the sector's middle half-€15.6mabove the sector's middle half▲ 183%€20.8mabove the sector's middle half▲ 33.4%€24.3mabove the sector's middle half▲ 16.7%€22.9mabove the sector's middle half▼ 5.9%
Debt€266,109-€9.1m▲ 3,338%€15.0m▲ 64.2%€11.5m▼ 23.2%€10.4m▼ 10.0%
Working capital€3.0mabove the sector's middle half-€5.3mabove the sector's middle half▲ 74.3%€8.6mabove the sector's middle half▲ 61.7%€10.2mabove the sector's middle half▲ 18.4%€10.1mabove the sector's middle half▼ 0.8%
Solvency95.2%above the sector's middle half-41.5%within the sector's middle half▼ 53.7pp28.0%within the sector's middle half▼ 13.5pp52.6%within the sector's middle half▲ 24.6pp54.7%within the sector's middle half▲ 2.1pp
Current ratio28.27above the sector's middle half-9.87above the sector's middle half▼ 18.404.13above the sector's middle half▼ 5.745.25above the sector's middle half▲ 1.128.74above the sector's middle half▲ 3.49
Return on assets (ROA)-2.6%within the sector's middle half--5.5%below the sector's middle half▼ 2.8pp-3.1%below the sector's middle half▲ 2.3pp3.2%within the sector's middle half▲ 6.3pp-1.2%within the sector's middle half▼ 4.4pp
Staff (FTE)0.3below the sector's middle half-3.8within the sector's middle half▲ 1,167%5.2within the sector's middle half▲ 36.8%4.8within the sector's middle half▼ 7.7%3.5below the sector's middle half▼ 27.1%
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Net result -491% on 2021. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 99% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.9m
Fixed assets
€11.5m ▼ 2.2%
Current assets
€11.4m ▼ 9.4%
Equity and liabilities €22.9m
Equity
€12.5m ▼ 2.2%
Debt
€10.4m ▼ 10.0%
Debt's share of the balance-sheet total falls from 47.4% to 45.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€68,840▼
2024 · €1.4m
Cash flow
-€222,639▼
2024 · €822,603
Debt to equity
0.83▼
2024 · 0.90
ROE
-2.2%▼
2024 · 6.0%
Interest coverage
0.14▼
2024 · 1.76
Debt ≤ 1 year
€1.3m▼
2024 · €2.4m
Debt > 1 year
€8.9m▼
2024 · €9.0m
Income taxes
€546▼
2024 · €739
Staff costs
€196,059▼
2024 · €245,703
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.3%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,442 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €22,791 | - | - | - | €1.4m | - |
| Turnover70 | €22,791 | - | - | - | €30,700 | - |
| Other operating income74 | - | - | - | - | €1.3m | - |
| Operating charges60/66A | €164,679 | - | - | - | €1.4m | - |
| Goods for resale, raw materials and consumables60 | €4,635 | - | - | - | €1,260 | - |
| Purchases600/8 | €4,635 | - | - | - | €1,260 | - |
| Services and other goods61 | €85,788 | - | - | - | €1.1m | - |
| Remuneration, social security and pensions62 | €11,909 | €229,153 | €373,252 | €245,703 | €196,059 | ▼ 20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,462 | €195,658 | €44,606 | €55,164 | €56,257 | ▲ 2.0% |
| Other operating charges640/8 | €887 | €25,188 | €26,109 | €18,963 | €5,054 | ▼ 73.3% |
| Gross operating margin9900 | - | -€250,854 | €57,645 | €1.7m | - | - |
| Operating profit (loss)9901 | -€141,889 | -€700,853 | -€386,321 | €1.4m | €12,582 | ▼ 99.1% |
| Financial income75/76B | - | €26,324 | €352,934 | €214,873 | €203,471 | ▼ 5.3% |
| Recurring financial income75 | - | €26,324 | €352,934 | €214,873 | €203,471 | ▼ 5.3% |
| Income from current assets751 | - | - | - | - | €203,382 | - |
| Other financial income752/9 | - | - | - | - | €88 | - |
| Financial charges65/66B | €2,239 | €177,298 | €614,288 | €803,683 | €494,403 | ▼ 38.5% |
| Recurring financial charges65 | €2,239 | €177,298 | €614,288 | €803,683 | €494,403 | ▼ 38.5% |
| Debt charges650 | €1,606 | - | - | - | €488,692 | - |
| Other financial charges652/9 | €633 | - | - | - | €5,711 | - |
| Profit (loss) for the period before taxes9903 | -€144,128 | -€851,827 | -€647,675 | €768,178 | -€278,350 | ▼ 136% |
| Income taxes67/77 | - | - | €1,614 | €739 | €546 | ▼ 26.1% |
| Taxes670/3 | - | - | - | - | €546 | - |
| Profit (loss) for the period9904 | -€144,128 | -€851,827 | -€649,288 | €767,439 | -€278,896 | ▼ 136% |
| Profit (loss) for the period to be appropriated9905 | -€144,128 | -€851,827 | -€649,288 | €767,439 | -€278,896 | ▼ 136% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.5m | €15.6m | €20.8m | €24.3m | €22.9m | ▼ 5.9% |
| Fixed assets21/28 | €2.4m | €9.7m | €9.5m | €11.8m | €11.5m | ▼ 2.2% |
| Intangible fixed assets21 | €18,697 | €288,762 | €287,964 | €323,782 | €290,862 | ▼ 10.2% |
| Tangible fixed assets22/27 | €2.3m | €2.6m | €2.0m | €1.8m | €1.8m | ▼ 0.5% |
| Land and buildings22 | €2.3m | €2.2m | €2.0m | €1.8m | €1.8m | = |
| Plant, machinery and equipment23 | - | €287,727 | €10,435 | €9,002 | €7,569 | ▼ 15.9% |
| Furniture and vehicles24 | €1,811 | €29,975 | €18,842 | €11,494 | €5,778 | ▼ 49.7% |
| Other tangible fixed assets26 | - | €11,136 | €9,389 | €15,721 | €13,106 | ▼ 16.6% |
| Assets under construction and advance payments27 | - | €83,323 | €0 | - | - | - |
| Financial fixed assets28 | €5,000 | €6.8m | €7.2m | €9.6m | €9.4m | ▼ 2.3% |
| Affiliated companies280/1 | - | - | - | - | €9.4m | - |
| Participating interests280 | - | - | - | - | €9.4m | - |
| Companies linked by participating interests282/3 | €5,000 | - | - | - | - | - |
| Participating interests282 | €5,000 | - | - | - | - | - |
| Other financial fixed assets284/8 | - | - | - | - | €3,900 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €3,900 | - |
| Current assets29/58 | €3.2m | €5.9m | €11.3m | €12.6m | €11.4m | ▼ 9.4% |
| Amounts receivable after more than one year29 | - | €4.8m | €8.6m | €8.9m | €7.8m | ▼ 12.3% |
| Other amounts receivable291 | - | €4.8m | €8.6m | €8.9m | €7.8m | ▼ 12.3% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €208,842 | €841,829 | €2.7m | €3.6m | €3.5m | ▼ 1.6% |
| Trade receivables40 | €182,343 | €720,960 | €2.1m | €3.4m | €3.3m | ▼ 1.5% |
| Other amounts receivable41 | €26,500 | €120,869 | €547,516 | €215,194 | €209,103 | ▼ 2.8% |
| Cash at bank and in hand54/58 | €2.9m | €264,492 | €59,277 | €67,594 | €39,954 | ▼ 40.9% |
| Deferred charges and accrued income490/1 | €1,147 | €32,648 | €8,983 | €9,641 | €12,951 | ▲ 34.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.5m | €15.6m | €20.8m | €24.3m | €22.9m | ▼ 5.9% |
| Equity10/15 | €5.3m | €6.5m | €5.8m | €12.8m | €12.5m | ▼ 2.2% |
| Contributions10/11 | €5.4m | €7.5m | €7.5m | €13.7m | €13.7m | = |
| Profit (loss) carried forward14 | -€144,128 | -€995,955 | -€1.6m | -€877,805 | -€1.2m | ▼ 31.8% |
| Amounts payable17/49 | €266,109 | €9.1m | €15.0m | €11.5m | €10.4m | ▼ 10.0% |
| Amounts payable after more than one year17 | €154,395 | €8.5m | €12.1m | €9.0m | €8.9m | ▼ 1.1% |
| Financial debts170/4 | €153,630 | €7.6m | €11.3m | €6.4m | €5.9m | ▼ 7.6% |
| Credit institutions173 | €153,630 | - | - | - | €5.6m | - |
| Other loans174 | - | - | - | - | €350,000 | - |
| Other amounts payable178/9 | €766 | €806,956 | €858,438 | €2.6m | €3.0m | ▲ 15.2% |
| Amounts payable within one year42/48 | €111,714 | €598,623 | €2.7m | €2.4m | €1.3m | ▼ 45.6% |
| Current portion of amounts payable after more than one year42 | €30,228 | €30,528 | €2.3m | €1.3m | €926,897 | ▼ 27.6% |
| Trade debts44 | €79,065 | €513,562 | €158,903 | €185,445 | €124,973 | ▼ 32.6% |
| Suppliers440/4 | €79,065 | €513,562 | €158,903 | €185,445 | €124,973 | ▼ 32.6% |
| Taxes, remuneration and social security45 | €2,421 | €54,533 | €68,029 | €343,095 | €28,087 | ▼ 91.8% |
| Taxes450/3 | - | €15,231 | €24,284 | €331,824 | €3,530 | ▼ 98.9% |
| Remuneration and social security454/9 | €2,421 | €39,301 | €43,745 | €11,271 | €24,557 | ▲ 118% |
| Other amounts payable47/48 | - | - | €203,840 | €586,741 | €223,232 | ▼ 62.0% |
| Accrued charges and deferred income492/3 | - | €97,634 | €155,315 | €149,809 | €178,135 | ▲ 18.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€144,128 | -€851,827 | -€649,288 | €767,439 | -€278,896 | ▼ 136% |
| + Depreciation and write-downs630 | €61,462 | €195,658 | €44,606 | €55,164 | €56,257 | ▲ 2.0% |
| Operating cash flow (approximation) | -€82,666 | -€656,169 | -€604,682 | €822,603 | -€222,639 | ▼ 127% |
| Investment in fixed assets (approximation) | - | -€7.6m | €158,806 | -€2.3m | €202,395 | ▲ 109% |
| Change in cash | - | -€2.7m | -€205,215 | €8,317 | -€27,639 | ▼ 432% |
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
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €767,439
Net result €767,439 after 3 loss-making years.
31-12
Financial
Equity above €10mEq €12.8m ▲119%
Equity rises from €5.8m to €12.8m.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€851,827
Net result drops to -€851,827, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Brugge · 1 establishment unit since 2021
Ground area
396 m²
Building footprint
190 m²
Volume, LiDAR
1,880 m³
Parcel 31030A0232/00B003, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
PADELWORLD
since 20212.315.509.170
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0232/00B003 | Flanders | 396 m² | 1 · 189 m² | 10.7 m · 3 fl. |
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.
Structure & network
Part of the group
ALYCHLO
52 companies
Group, risk and exposure
Owners and holdings
1 owner · 5 holdings · 7 subsidiaries in the treeChain of control
- ALYCHLO
- PADELWORLD
Highest known parent: ALYCHLO. The sources do not say who stands above it.
Owners 1
- ALYCHLOparentSourceaccounts ALYCHLO 202553.95%
Holdings 5
- Arenal NLNLsubsidiarySourceown accounts 2025100%
-
100%
-
100%
-
100%
-
63.83%
All subsidiaries, including indirect ones 7
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Arenal NLNL 100%
- DUMA SPORTS 100%
- STOETEL 100%
Arenal Immo Holding 63.83%1 subsidiary
- Padelworld NL/Arenal Immo NLNL 100%
According to the 2025 annual accounts of PADELWORLD and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 526,522 EUR awarded · 6,128 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,805 EUR | 1,628 EUR |
| 2023 | 1 | 4,500 EUR | 4,500 EUR |
| 2022 | 1 | 519,217 EUR | 0 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
6994002RRGVST0YOPC48
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Of 3,294 companies in sector 93110 we hold annual accounts for 1,500. 222 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
93110Operation of sports facilities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761625984
Also
9925:BE0761625984
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.