PADMA GROUP
ActiveThe computed 12-month bankruptcy probability of PADMA GROUP is 4.2% (elevated). The 2025 annual accounts show negative equity (€-6k) and a net result of €-37k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 13204 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
14
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-4
Solvency0▼-61
Growth35▼-14
Track record100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.45 against 1.51 in 2024; short-term debt: 171.7% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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
Sector 56
higher
← 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 2025Solvency, return and age of the figures
Solvency
-71.7%
Return on assets
-431.5%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-6k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 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 · 7 filingsDeviation from the deadline
2025
47 d late
2024
12 d late
2023
19 d late
2022
11 d early
2021
29 d late
2020
11 d early
2019
6 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€118k▲ 16.4%
2020 · €101k
2019: €112k
2020: €101k
2019 → 2021
EBIT margin
2.4%▼ 7.3pp
2020 · 9.7%
2019: 0.3%
2020: 9.7%
2019 → 2021
Net result
€-37k▼ 260%
2024 · €-10k
2019: €359
2020: €10k
2021: €2k
2022: €18k
2023: €433
2024: €-10k
2019 → 2025
Working capital
€-8k
2024 · €28k
2019: €359
2020: €18k
2021: €19k
2022: €38k
2023: €37k
2024: €28k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€118k-
Equity€22k-€40k▲ 79.7%€41k▲ 1.1%€30k▼ 25.0%€-6k
Operating result€3k-€31k▲ 988%€9k▼ 69.5%€-4k€-32k▼ 781%
Net result€2k-€18k▲ 697%€433▼ 97.6%€-10k€-37k▼ 260%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €32k in 2025 against €4k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8k
Fixed assets
€2k▼ 25.6%
Current assets
€7k▼ 92.0%
Key figures and ratios
EBITDA
€-31k▼
2024 · €-2k
Cash flow
€-36k▼
2024 · €-9k
Solvency
-71.7%▼
2024 · 35.9%
Current ratio
0.45▼
2024 · 1.51
Quick ratio
0.34▼
2024 · 1.48
Debt / equity
-2.39▼
2024 · 1.79
ROA
-431.5%▼
2024 · -12.0%
Interest coverage
-6.16▼
2024 · -0.37
Debt
€15k▼
2024 · €54k
Debt ≤ 1 year
€15k▼
2024 · €54k
Staff costs
€11k▼
2024 · €13k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€85k€8k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€0-
Other tangible fixed assets26€796€642▼
Current assets29/58€82k€7k▼
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€73k€5k▼
Trade receivables40€47k€3k▼
Other amounts receivable41€26k€2k▼
Cash at bank and in hand54/58€7k€0▼
Deferred charges and accrued income490/1€675€0▼
Equity and liabilities
Total equity and liabilities10/49€85k€8k▼
Equity10/15€30k€-6k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€20k€-16k▼
Amounts payable17/49€54k€15k▼
Amounts payable within one year42/48€54k€15k▼
Trade debts44€51k€12k▼
Suppliers440/4€51k€12k▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€743€743=
Remuneration and social security454/9€3k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€13k€11k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€654▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€13k€-18k▼
Operating profit (loss)9901€-4k€-32k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€-10k€-37k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-10k€-37k▼
Profit (loss) for the period to be appropriated9905€-10k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€-16k▼
Profit (loss) brought forward from the previous period14P€31k€20k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €18k ▲697%
Operating result €31k, net result €18k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 14current ratio 13.97
Current ratio from 1.03 to 13.97; short-term debt falls from €13k to €1k.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Nivelles · 1 establishment unit since 2018
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.
Boulevard Charles-Vanpée 71400 NivellesGround area
157 m²
Building footprint
160 m²
Volume, LiDAR
919 m³
Parcel 25782C0328/00Y004, Wallonia · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PADMA GROUP
since 20182.277.911.574
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0328/00Y004 | Wallonia | 156 m² | 1 · 160 m² | 11.1 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNivelles2.277.911.574
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Of 20,494 companies in sector 56111 we hold annual accounts for 11,454. 9,481 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-07-2018
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.