PADME

Open bankruptcy

Private limited companyfounded 2019Waterstraat 1, 3360 Bierbeek, BelgiumKBO/BCE: BE 0740.575.501

A bankruptcy procedure is open for PADME according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €113k and a net result of €21k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-08-2024, 21 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

21 d late

2022

23 d late

2021

46 d late

2020

19 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, micro schema

Equity

€113k▲ 22.9%

2022 · €92k

2020: €17k 2021: €59k 2022: €92k

2020 → 2023

Total assets

€176k▼ 2.0%

2022 · €180k

2020: €158k 2021: €135k 2022: €180k

2020 → 2023

Net result

€21k▼ 36.6%

2022 · €33k

2020: €16k 2021: €42k 2022: €33k

2020 → 2023

Working capital

€49k▼ 25.8%

2022 · €66k

2020: €20k 2021: €16k 2022: €66k

2020 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2020202120222023Trend

Equity€17k-€59k▲ 253%€92k▲ 56.7%€113k▲ 22.9%

Operating result€16k-€44k▲ 183%€35k▼ 20.8%€35k▲ 0.6%

Net result€16k-€42k▲ 169%€33k▼ 20.8%€21k▼ 36.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2023; 2023 is 1% above 2022.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €176k

36.2%

63.8%

Fixed assets €64k▲ 19.6%

Current assets €112k▼ 11.1%

Equity and liabilities €176k

64.0%

36.0%

Equity €113k▲ 22.9%

Debt €64k▼ 27.9%

The debt ratio falls from 49.0% to 36.0%. Equity is higher and debt is lower.

Key figures and ratios

2023 value · change against 2022

EBITDA

€39k▼

2022 · €62k

Cash flow

€25k▼

2022 · €60k

Solvency

64.0%▲

2022 · 51.0%

Current ratio

1.77▼

2022 · 2.09

Quick ratio

1.77▼

2022 · 2.09

Debt / equity

0.56▼

2022 · 0.96

ROE

18.7%▼

2022 · 36.2%

ROA

11.9%▼

2022 · 18.5%

Interest coverage

50.16▲

2022 · 30.76

Debt

€64k▼

2022 · €88k

Debt ≤ 1 year

€64k▲

2022 · €61k

Income taxes

€14k

Staff costs

€92k▼

2022 · €115k

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 · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€180k€176k▼

Fixed assets21/28€53k€64k▲

Intangible fixed assets21€23k€23k=

Tangible fixed assets22/27€30k€41k▲

Plant, machinery and equipment23€4k€15k▲

Furniture and vehicles24€3k€2k▼

Other tangible fixed assets26€24k€24k=

Current assets29/58€126k€112k▼

Amounts receivable within one year40/41€5k€10k▲

Trade receivables40€4k€10k▲

Other amounts receivable41€306€133▼

Cash at bank and in hand54/58€122k€62k▼

Deferred charges and accrued income490/1-€41k

Equity and liabilities

Total equity and liabilities10/49€180k€176k▼

Equity10/15€92k€113k▲

Contributions10/11€1k€1k=

Capital10€1k€1k=

Issued capital100€1k€1k=

Reserves13€1k€1k=

Non-distributable reserves130/1€1k€1k=

Legal reserve130€1k€1k=

Profit (loss) carried forward14€90k€111k▲

Amounts payable17/49€88k€64k▼

Amounts payable after more than one year17€28k-

Financial debts170/4€28k-

Amounts payable within one year42/48€61k€64k▲

Trade debts44€41k€34k▼

Suppliers440/4€41k€34k▼

Taxes, remuneration and social security45€20k€29k▲

Taxes450/3-€15k

Remuneration and social security454/9€20k€14k▼

Income statement Code20222023

Remuneration, social security and pensions62€115k€92k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€4k▼

Other operating charges640/8€410€384▼

Gross operating margin9900€178k€131k▼

Operating profit (loss)9901€35k€35k▲

Financial income75/76B€9€55▲

Recurring financial income75€9€55▲

Financial charges65/66B€2k€779▼

Recurring financial charges65€2k€779▼

Profit (loss) for the period before taxes9903€33k€35k▲

Income taxes67/77-€14k

Profit (loss) for the period9904€33k€21k▼

Profit (loss) for the period to be appropriated9905€33k€21k▼

Appropriation of the result

Profit (loss) to be appropriated9906€90k€111k▲

Profit (loss) brought forward from the previous period14P€57k€90k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Signals 1Financial 2Filings 4

2026

01-04

Bankruptcy Opening

Ondernemingsrechtbank Leuven · PADME BV WATERSTRAAT 1, 3360 BIERBEEK · event 26-03-2026

2024

21-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 21 days late

2023

31-12

Financial Equity above €100kEq €113k ▲22.9%

4 profitable years in a row build equity to €113k.

23-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 23 days late

2022

15-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 46 days late

2021

31-12

Financial Highest result since 2020net €42k ▲169%

Operating result €44k, net result €42k, both a record.

19-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 19 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Bierbeek · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Waterstraat 13360 Bierbeek

Ground area

1,700 m²

Building footprint

397 m²

Volume, LiDAR

2,120 m³

Parcel 24011D0081/00H000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Moemedel

Waterstraat 1, 3360 BierbeekFull-service restaurants

since 20202.297.699.376

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24011D0081/00H000	Flanders	1,700 m²	1 · 397 m²	10.6 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.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	KARL VANSTIPELEN STATIONSSTRAAT 108A, 3400 LANDEN ↔ Also on 261 other cases	26-03-2026 → present
Curator	WINNY TIRMARCHE STATIONSSTRAAT 108, 3400 LANDEN-	26-03-2026 → present