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PADIMAT

Active
Public limited companyfounded 1995active for 31 yearsSpildoornstraat 16, 8792 Waregem, BelgiumKBO/BCE: BE 0455.730.447
Summary

PADIMAT has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.5m and a net result of €83,447. Equity has been stable since 2018 (±2.2% per year). Its solvency ranks better than 69% of 543 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 24-07-1995 Normal situation
Activity
Renting and leasing of other machinery, equipment and tangible goods NACE 77399and 3 others
Establishment unit
2.072.992.245 8792 Waregem, since 22-08-1995
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
Shareholders
  • WAREC· score 662025 annual accounts of WAREC

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€4.2m
▲ 10.9%
Turnover
≈ €7.2m
estimated
Profit
€83,447
▼ 65.4%
Equity
€11.5m
▲ 0.7%
Total assets
€17.8m
▲ 2.7%
Net result -65%: other schema
Score breakdownraises riskLiquidity: current ratio 1.25, cash €27,385, halvedlowers riskFounded in 1995Size: total assets €17.8mFigures for financial year 2025 (filed on 26-06-2026)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 57% of medium-sized companies in rental and leasing (NACE 77)
Financial strength · tick: 2024
Strong
Solvency 90-1
equity 64.6% of total assets
Liquidity 44+3
short-term debt 19.3% · cash 0.2%
Profitability 69-1
return on assets 0.5%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (95 companies, NACE 77, medium-sized)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025highest value 09-2025: < 0.1%▼ -0.3 percentage points vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: 0.1%▲ +0.1 percentage points vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.1%▼ -0.1 percentage points vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €1,050,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.25 (0.95 in 2024), below the usual 1.5. Short-term debt is 19.3% and cash 0.2% of total assets. 35.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 77, medium-sized). It does better than 81% of them on solvency, 53% on liquidity, 59% on profitability and 37% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.25, cash €27,385, halved
NBB · annual accounts
lowers risk · Founded in 1995
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €17.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 26-06-2026)
NBB · annual accounts
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 days early
2024
29 days late
2023
2 days early
2022
7 days early
2021
13 days early
2020
18 days early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% 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 24 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2025different schema filed ▼ 65.4% View
  • Positive: More equity than 86% of companies in rental and leasingsector median €1.3m · 543 companies €11.5m View
  • Positive: 8 profitable years in a rowprofit 2025: €83,447 8 years View

Recent changes

  1. · Gazette deed Amendment of the articlesGeneral meeting of 09-12-2024
  2. · Gazette deed Reappointments: Dirk Vanden Buverie (director) and Patrick Vanden Buverie (director)
  3. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as PADIMAT: renting and leasing of other machinery, equipment and tangible goods (NACE 77399). They are comparable in size and age: total assets between €6.3m and €25m, founded between 1981 and 2007.

CompanyTotal assetsGross margin
PADIMAT Waregem€17.8m€4.2m
LAUNDRY RENTAL SOLUTIONS Tielt€15.8m€4.6m
GROTE LEIE Waregem€6.3m€4.5m
HARPIS Roeselare€15.8m€3.1m
CB Invest Bornem€17.7m€0.8m
MIERS Renting Asse€25.2m€7.2m
INMABO Zele€13.9m€1.4m
Full comparison

Key facts about PADIMAT

What is the company number of PADIMAT?
The company number of PADIMAT is 0455.730.447. The VAT number is the same number with BE in front: BE 0455.730.447.
Where is PADIMAT based?
The registered office is at Spildoornstraat 16, 8792 Waregem.Company details
What does PADIMAT do?
According to the KBO register, the main activity is renting and leasing of other machinery, equipment and tangible goods (NACE 77399).
What is the legal form of PADIMAT?
PADIMAT is a public limited company (NV).
When was PADIMAT founded?
PADIMAT was founded on 24-07-1995.
Is PADIMAT still active?
Yes, PADIMAT is an active enterprise in the KBO register.
What is the turnover of PADIMAT?
The turnover in financial year 2025 is ≈ €7.2m. This figure is estimated from the gross margin of €4.2m and 1,584 comparable companies of the same size. It probably lies between €4.9m and €12.0m. It is a rough estimate.Financials
Is PADIMAT profitable?
In financial year 2025, PADIMAT made a profit of €83,447.
Where can I find the annual accounts of PADIMAT?
PADIMAT filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PADIMAT due?
PADIMAT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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