PADIMAT
ActivePADIMAT has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11.43M and a net result of €241k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 992 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▼-1
Solvency91▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.86 in 2023; short-term debt: 26.5% and cash: 1.1% of total assets), and 34.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← 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 2024Solvency, return and age of the figures
Solvency
65.9%
Return on assets
1.4%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
2 d early
2022
7 d early
2021
13 d early
2020
18 d early
2019
7 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€11.43M▲ 2.2%
2023 · €11.19M
2018: €9.89M
2019: €9.95M
2020: €10.25M
2021: €10.81M
2022: €10.91M
2023: €11.19M
2018 → 2024
Total assets
€17.35M▼ 1.7%
2023 · €17.65M
2018: €12.54M
2019: €12.67M
2020: €16.02M
2021: €15.66M
2022: €17.91M
2023: €17.65M
2018 → 2024
Net result
€241k▼ 15.0%
2023 · €284k
2018: €327k
2019: €60k
2020: €241k
2021: €565k
2022: €96k
2023: €284k
2018 → 2024
Working capital
€-246k▲ 63.0%
2023 · €-665k
2018: €2.13M
2019: €2.04M
2020: €961k
2021: €502k
2022: €187k
2023: €-665k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€10.25M-€10.81M▲ 5.5%€10.91M▲ 0.9%€11.19M▲ 2.6%€11.43M▲ 2.2%
Operating result€240k-€652k▲ 172%€138k▼ 78.9%€414k▲ 201%€268k▼ 35.3%
Net result€241k-€565k▲ 135%€96k▼ 83.0%€284k▲ 196%€241k▼ 15.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 35% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €17.35M
Fixed assets
€13.01M▼ 3.3%
Current assets
€4.35M▲ 3.5%
Equity and liabilities €17.35M
Equity
€11.43M▲ 2.2%
Provisions
€239k▼ 4.4%
Debt
€5.68M▼ 8.4%
The debt ratio falls from 35.2% to 32.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.59M▲
2023 · €3.43M
Cash flow
€3.56M▲
2023 · €3.30M
Solvency
65.9%▲
2023 · 63.4%
Current ratio
0.95▲
2023 · 0.86
Quick ratio
0.95▲
2023 · 0.86
Debt / equity
0.50▼
2023 · 0.55
ROE
2.1%▼
2023 · 2.5%
ROA
1.4%▼
2023 · 1.6%
Interest coverage
62.02▲
2023 · 42.99
Debt
€5.68M▼
2023 · €6.21M
Debt ≤ 1 year
€4.60M▼
2023 · €4.87M
Debt > 1 year
€1.08M▼
2023 · €1.34M
Income taxes
€42k▼
2023 · €98k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€17.65M€17.35M▼
Fixed assets21/28€13.45M€13.01M▼
Intangible fixed assets21€13k€11k▼
Tangible fixed assets22/27€13.43M€12.99M▼
Land and buildings22€5.06M€5.24M▲
Plant, machinery and equipment23€4.92M€5.21M▲
Furniture and vehicles24€2.12M€1.72M▼
Leasing and similar rights25€1.33M€824k▼
Current assets29/58€4.20M€4.35M▲
Amounts receivable within one year40/41€1.95M€1.95M▲
Trade receivables40€1.34M€1.36M▲
Other amounts receivable41€614k€589k▼
Current investments50/53€2.16M€2.16M=
Cash at bank and in hand54/58€53k€190k▲
Deferred charges and accrued income490/1€40k€49k▲
Equity and liabilities
Total equity and liabilities10/49€17.65M€17.35M▼
Equity10/15€11.19M€11.43M▲
Contributions10/11€409k€409k=
Capital10€409k€409k=
Issued capital100€409k€409k=
Reserves13€10.78M€11.02M▲
Non-distributable reserves130/1€41k€41k=
Legal reserve130€41k€41k=
Tax-exempt reserves132€1.48M€1.62M▲
Distributable reserves133€9.26M€9.36M▲
Provisions and deferred taxes16€250k€239k▼
Deferred taxes168€250k€239k▼
Amounts payable17/49€6.21M€5.68M▼
Amounts payable after more than one year17€1.34M€1.08M▼
Financial debts170/4€1.34M€1.08M▼
Amounts payable within one year42/48€4.87M€4.60M▼
Current portion of amounts payable after more than one year42€1.13M€1.03M▼
Trade debts44€392k€142k▼
Suppliers440/4€392k€142k▼
Taxes, remuneration and social security45€13k€23k▲
Taxes450/3€11k€23k▲
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€3.33M€3.40M▲
Accrued charges and deferred income492/3€0€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.02M€3.32M▲
Other operating charges640/8€146k€180k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€3.58M€3.77M▲
Operating profit (loss)9901€414k€268k▼
Financial income75/76B€45k€63k▲
Recurring financial income75€43k€63k▲
Non-recurring financial income76B€3k€0▼
Financial charges65/66B€80k€58k▼
Recurring financial charges65€80k€58k▼
Profit (loss) for the period before taxes9903€380k€273k▼
Transfer from deferred taxes780€86k€88k▲
Transfer to deferred taxes680€85k€77k▼
Income taxes67/77€98k€42k▼
Profit (loss) for the period9904€284k€241k▼
Transfer from tax-exempt reserves789€259k€263k▲
Transfer to tax-exempt reserves689€310k€401k▲
Profit (loss) for the period to be appropriated9905€233k€103k▼
Appropriation of the result
Profit (loss) to be appropriated9906€233k€103k▼
Transfer to equity691/2€233k€103k▼
To other reserves6921€233k€103k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €565k ▲135%
Operating result €652k, net result €565k, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €10MEq €10.25M ▲3%
3 profitable years in a row build equity to €10.25M.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €60k ▼81.8%
Net result drops to €60k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Waregem · 1 establishment unit since 1995
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.
Spildoornstraat 168792 WaregemGround area
9,373 m²
Building footprint
151 m²
Volume, LiDAR
466 m³
Parcel 34010A0865/00D000, Flanders · tallest building 3.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PADIMAT
since 19952.072.992.245
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0865/00D000 | Flanders | 9,373 m² | 1 · 150 m² | 3.4 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
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TEKNOR APEX GENK
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CERM INTERNATIONAL
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LAVATRA
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Of 1,189 companies in sector 77399 we hold annual accounts for 710. 169 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-07-1995
Fiscal year end31-12
Activities, NACEBEL
45230
77399Renting and leasing of other machinery, equipment and tangible goods
42110Construction of roads and motorways
68203Renting and operating of own or leased non-residential real estate, excluding land
73200Market research and public opinion polling
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.