PADIVA CONSTRUCT
ActiveSummary
PADIVA CONSTRUCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-97k) and a net result of €513k. Equity is shrinking by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 11% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
59
/ 100
Fair
Negative equity caps the score. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency10▲+10
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87 against 0.49 in 2023; short-term debt: 114.6% and cash: 14.4% of total assets), and equity is negative.
Credit check 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-14.6%
Return on assets
77.2%
Age of the figures
24 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 19356 sector peers (2024).
NBB · sector comparisonPosition among 19356 sector peers
Solvency
better than 11%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 148 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 30-04-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
on the day
2023
39 d early
2022
31 d early
2021
33 d early
2020
1 d early
2019
13 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-97k▲ 84.2%
2023 · €-611k
2018: €-244k
2019: €-295k▼ -20.7% vs 2018
2020: €-502k▼ -70.3% vs 2019
2021: €-488k▲ +2.7% vs 2020
2022: €-506k▼ -3.7% vs 2021
2023: €-611k▼ -20.7% vs 2022lowest in 7 years
2024: €-97k▲ +84.2% vs 2023highest in 7 years
2018 → 2024
Total assets
€663k▲ 11.3%
2023 · €596k
2018: €1.00M
2019: €1.24M▲ +23.6% vs 2018highest in 7 years
2020: €981k▼ -20.7% vs 2019
2021: €387k▼ -60.6% vs 2020
2022: €373k▼ -3.6% vs 2021lowest in 7 years
2023: €596k▲ +59.8% vs 2022
2024: €663k▲ +11.3% vs 2023
2018 → 2024
Net result
€513k
2023 · €-105k
2018: €70k
2019: €-50k▼ -172% vs 2018
2020: €-207k▼ -310% vs 2019lowest in 7 years
2021: €14k▲ +107% vs 2020
2022: €-18k▼ -233% vs 2021
2023: €-105k▼ -484% vs 2022
2024: €513k▲ +588% vs 2023highest in 7 years
2018 → 2024
Working capital
€-97k▲ 84.2%
2023 · €-611k
2018: €-247k
2019: €-301k▼ -21.9% vs 2018
2020: €-503k▼ -67.4% vs 2019
2021: €-480k▲ +4.7% vs 2020
2022: €-511k▼ -6.5% vs 2021
2023: €-611k▼ -19.6% vs 2022lowest in 7 years
2024: €-97k▲ +84.2% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-502k-€-488k▲ 2.7%€-506k▼ 3.7%€-611k▼ 20.7%€-97k▲ 84.2%
2020: €-502k
2021: €-488k▲ +2.7% vs 2020
2022: €-506k▼ -3.7% vs 2021
2023: €-611k▼ -20.7% vs 2022lowest in 5 years
2024: €-97k▲ +84.2% vs 2023highest in 5 years
Operating result€-200k-€28k€-16k€-101k▼ 533%€543k
2020: €-200klowest in 5 years
2021: €28k▲ +114% vs 2020
2022: €-16k▼ -156% vs 2021
2023: €-101k▼ -533% vs 2022
2024: €543k▲ +635% vs 2023highest in 5 years
Net result€-207k-€14k€-18k€-105k▼ 484%€513k
2020: €-207klowest in 5 years
2021: €14k▲ +107% vs 2020
2022: €-18k▼ -233% vs 2021
2023: €-105k▼ -484% vs 2022
2024: €513k▲ +588% vs 2023highest in 5 years
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 returns to profit in 2024: €543k after a loss of €101k in 2023, the highest result in the available series.
Key figures and ratios
Solvency
-14.6%▲
2023 · -102.6%
Current ratio
0.87▲
2023 · 0.49
Debt to equity
-7.86▼
2023 · -1.97
ROA
77.2%▲
2023 · -17.6%
Debt
€760k▼
2023 · €1.21M
Debt ≤ 1 year
€760k▼
2023 · €1.21M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€596k€663k▲
Fixed assets21/28€0-
Financial fixed assets28€0-
Current assets29/58€596k€663k▲
Amounts receivable within one year40/41€374k€568k▲
Trade receivables40€117k€316k▲
Other amounts receivable41€257k€252k▼
Cash at bank and in hand54/58€222k€95k▼
Equity and liabilities
Total equity and liabilities10/49€596k€663k▲
Equity10/15€-611k€-97k▲
Contributions10/11€48k€50k▲
Reserves13€5k€5k=
Non-distributable reserves130/1€5k€0▼
Reserves not available under the articles1311€5k€0▼
Distributable reserves133-€5k
Profit (loss) carried forward14€-664k€-152k▲
Amounts payable17/49€1.21M€760k▼
Amounts payable within one year42/48€1.21M€760k▼
Financial debts43-€95k
Credit institutions430/8-€95k
Trade debts44€106k€256k▲
Suppliers440/4€106k€256k▲
Taxes, remuneration and social security45-€36k
Taxes450/3-€36k
Other amounts payable47/48€1.10M€373k▼
Income statement
Code20232024
Non-recurring operating income76A€150€500k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€-100k€545k▲
Operating profit (loss)9901€-101k€543k▲
Financial income75/76B-€26k
Recurring financial income75-€26k
Financial charges65/66B€4k€57k▲
Recurring financial charges65€4k€57k▲
Profit (loss) for the period before taxes9903€-105k€513k▲
Profit (loss) for the period9904€-105k€513k▲
Profit (loss) for the period to be appropriated9905€-105k€513k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-664k€-152k▲
Profit (loss) brought forward from the previous period14P€-559k€-664k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €12k | €150 | €500k | ▲ 333,233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | €195 | €1k | €2k | ▲ 101% |
| Gross operating margin9900 | €-197k | €29k | €-16k | €-100k | €545k | ▲ 643% |
| Operating profit (loss)9901 | €-200k | €28k | €-16k | €-101k | €543k | ▲ 635% |
| Financial income75/76B | - | - | €0 | - | €26k | - |
| Recurring financial income75 | €0 | €0 | €0 | - | €26k | - |
| Financial charges65/66B | - | - | €2k | €4k | €57k | ▲ 1,492% |
| Recurring financial charges65 | €8k | €15k | €2k | €4k | €57k | ▲ 1,492% |
| Profit (loss) for the period before taxes9903 | €-207k | €14k | €-18k | €-105k | €513k | ▲ 588% |
| Profit (loss) for the period9904 | €-207k | €14k | €-18k | €-105k | €513k | ▲ 588% |
| Profit (loss) for the period to be appropriated9905 | €-207k | €14k | €-18k | €-105k | €513k | ▲ 588% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €981k | €387k | €373k | €596k | €663k | ▲ 11.3% |
| Fixed assets21/28 | €5k | €5k | €5k | €0 | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €5k | €5k | €5k | €0 | - | - |
| Current assets29/58 | €976k | €382k | €368k | €596k | €663k | ▲ 11.3% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €973k | €375k | €364k | €374k | €568k | ▲ 52.0% |
| Trade receivables40 | - | - | €97k | €117k | €316k | ▲ 171% |
| Other amounts receivable41 | - | - | €267k | €257k | €252k | ▼ 1.9% |
| Cash at bank and in hand54/58 | €4k | €7k | €4k | €222k | €95k | ▼ 57.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €981k | €387k | €373k | €596k | €663k | ▲ 11.3% |
| Equity10/15 | €-502k | €-488k | €-506k | €-611k | €-97k | ▲ 84.2% |
| Contributions10/11 | - | - | €48k | €48k | €50k | ▲ 4.2% |
| Reserves13 | €5k | €5k | €5k | €5k | €5k | = |
| Non-distributable reserves130/1 | - | - | €5k | €5k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | €5k | €5k | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | - | €5k | - |
| Profit (loss) carried forward14 | €-555k | €-541k | €-559k | €-664k | €-152k | ▲ 77.2% |
| Amounts payable17/49 | €1.48M | €875k | €879k | €1.21M | €760k | ▼ 37.0% |
| Amounts payable within one year42/48 | €1.48M | €862k | €879k | €1.21M | €760k | ▼ 37.0% |
| Financial debts43 | - | - | €0 | - | €95k | - |
| Credit institutions430/8 | - | - | - | - | €95k | - |
| Other loans439 | - | - | €0 | - | - | - |
| Trade debts44 | €100k | €66k | €71k | €106k | €256k | ▲ 142% |
| Suppliers440/4 | - | - | €71k | €106k | €256k | ▲ 142% |
| Taxes, remuneration and social security45 | - | - | €0 | - | €36k | - |
| Taxes450/3 | - | - | €0 | - | €36k | - |
| Other amounts payable47/48 | - | - | €808k | €1.10M | €373k | ▼ 66.1% |
| Accrued charges and deferred income492/3 | - | - | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-207k | €14k | €-18k | €-105k | €513k | ▲ 588% |
| + Depreciation and write-downs630 | €1k | €0 | - | - | - | - |
| Operating cash flow (approximation) | €-206k | €14k | €-18k | €-105k | €513k | ▲ 588% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €5k | - | - |
| Change in cash | - | €3k | €-3k | €218k | €-127k | ▼ 158% |
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
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €513k
Net result €513k after 2 loss-making years.
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €-207k
Net result drops to €-207k, the lowest in the series; recovery starts the following year.
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
27-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 53 days late
2017
21-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-03
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.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Middelkerke · 1 establishment unit since 2007
Ground area
772 m²
Building footprint
433 m²
Volume, LiDAR
943 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
31
companies at this address
See who is registered here
1 establishment unit
Larami Vastgoed
since 20072.164.590.335
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0003/00W046 | Flanders | 580 m² | 1 · 250 m² | - |
| 35010B0081/00L000 | Flanders | 192 m² | 1 · 183 m² | 8.3 m · 2 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 and region
CENTRUM BOUW
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JESTIN CONSTRUCT
BE 0521.737.957
Middelkerke
KUST VASTGOED PROJECTS
BE 0801.763.594
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LE PARIS
BE 0713.610.687
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-08-2007
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.