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PADO

Inactive KBO/BCE: BE 0472.655.858
PADO
Follow Report

Overview

Lifetime

14 annual accounts with figures on one time axis, 19 filings since 2001
peak €252,044 (2012)
€163,387▼ 30.4%
lowest -€71,176 (2016)
€61,626▼ 44.5%
peak €149,646 (2012)
€47,146▲ €61,626
€165,931▼ 17.8%
peak 5.1 FTE (2014)
2.5 FTE▼ 21.9%
Documentsfilings and deeds
09-10-202070 days late
2019micro format
Gross margin from €234,846 to €163,387Result from €110,957 to €61,626Staff from 3.2 FTE to 2.5 FTEEquity from -€14,480 to €47,146Debts from €201,765 to €165,931

Key points

from the 2019 annual accounts, the last ones filed

Equity

€47,146 from €149,646 in 2012

Equity fell by 68% in 7 years.

Staff

2.5 FTE from 5.1 in 2014

Between 2014 and 2019, 51% of the full-time equivalents disappeared.

Filings

19 annual accounts since 2001
AprilJune31 JulyOctober200520102015

Nine of the last ten came late. The 2013 accounts came latest: 88 days after the end of the period.

No score

Recent changes

Bankruptcy closure (by liquidation) French-language Enterprise Court of Brussels · judgment of 14-01-2025 · Bankruptcy
Bankruptcy published French-language Enterprise Court of Brussels · judgment of 15-02-2021 · Bankruptcy
Bankruptcy published French-language Enterprise Court of Brussels · judgment of 15-02-2021 · Bankruptcy
Incorporation 19 publications in the Belgian Official Gazette, the last on 13-04-2017 · Gazette deed
All 27 events

Official details

Source: KBO
Status
Inactivedeed of incorporation of 07-09-2000 · bankruptcy closed on 14-01-2025
Activity
No activity registered in the KBO
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2019

€163,387▼ 30.4%
≈ €410,000estimated
€61,626▼ 44.5%
€47,146
€213,077▲ 13.8%
2.5 FTE▼ 21.9%
Filing
Filed on 09-10-2020
Financials

Insights on PADO

Equity fell from €149,646 in 2012 to €47,146 in 2019.

On 15 February 2021 the court declared PADO bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2019

micro format, filed on 09-10-2020, 70 days late
€163,387
▼ 30.4%
€73,178
▼ 39.3%
€61,626
▼ 44.5%
€21,695
▲ €73,446
22.1%
▲ 29.9 percentage points
1.13
▲ 0.42

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €410,000. Estimated: probably between €270,000 and €630,000.

Balance sheet

balance sheet total €213,077 on 31-12-2019
What the company ownsHow it is paid for

in euro

in euro

Staff

€17,015

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 213,077187,285162,346207,702207,572241,181288,330444,065458,741235,370202,849184,471193,71641,435
20 -0------------
21/28 29,09355,12582,981115,761148,553181,614213,586222,370250,053127,062129,928132,794135,660125
21 27,50055,00082,500110,000137,500165,000192,500220,000247,500-----
22/27 1,46803565,63610,92816,48920,9612,2452,428126,937129,803132,669135,535-
22 -0-------126,525129,803131,434133,888-
23 -03568991,4422,08720,6171,7451,803-----
24 -0-4,7369,47314,209---412-1,2351,647-
26 1,4680--13194344500625-----
27 -0------------
28 125125125125125125125125125125125125125125
29/58 183,985132,16079,36591,94159,01959,56774,744221,695208,688108,30872,92151,67758,05641,310
29 -0------------
290 -0------------
291 -0------------
3 4,7704,0904,7347,08813,7307,4858,12214,92727,566-----
30/36 4,7704,0904,7347,08813,7307,4858,12214,92727,566-----
37 -0------------
40/41 69,4389,3877,9771,1362,15513,7771,506166,034109,67380,41719,32514,20914,90025,342
40 17,1797,5256,038-4841,868-33,93044,32252,1421,077--7,890
41 52,2591,8621,9381,1361,67111,9091,506132,10465,35028,27518,24814,20914,90017,451
50/53 -0------------
54/58 108,144117,84164,57783,19142,71237,89165,11625,49371,44931221,52710711015,968
490/1 1,6338422,078526422414-15,241-27,57932,06937,36143,047-
Balance sheet: equity and liabilities
10/49 213,077187,285162,346207,702207,572241,181288,330444,065458,741235,370202,849184,471193,71641,435
10/15 47,146-14,480-125,436-116,579-45,40320,47990,198149,646126,44684,41946,63114,4308,28929,996
10/11 18,60018,60018,6006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
100 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 -0-12,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
11 -0------------
1100/10 -0------------
12 -0------------
13 1,8601,8601,8601,8601,8601,8601,860143,446120,24678,21918,75719,17919,60021,626
130/1 -0------------
130 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
1312 -0------------
1319 -0------------
132 -0-------7,77816,89717,31917,74019,766
133 -0-----141,586118,38668,581----
14 26,686-34,940-145,896-124,639-53,46312,41982,138---21,675-10,949-17,5122,169
15 -0------------
19 -0------------
16 -0-35,00035,00035,00035,000--4,0048,7008,9189,13510,178
160/5 -0-35,00035,00035,00035,000-------
160 -0------------
161 -0------------
162 -0-35,000----------
163 -0------------
164/5 -0------------
168 -0-------4,0048,7008,9189,13510,178
17/49 165,931201,765287,782289,281217,975185,702163,133294,420332,295146,946147,517161,123176,2921,261
17 -0-----175,781213,092119,001132,601146,201159,802-
170/4 -0-----175,781213,092119,001132,601146,201159,802-
175 -0------------
176 -0------------
178/9 -0------------
42/48 162,290183,912287,782288,031217,975185,702163,133118,639117,37727,94514,91614,92216,4911,261
42 -0-----37,31139,27614,73413,60013,60013,600-
43 -0---5555----8331,239-
430/8 -0---------8331,239-
439 -0---5555-------
44 94,342140,313247,569223,476170,164149,280126,67218,79321,5641,7361,3164891,21410
440/4 94,342140,313247,569223,476170,164149,280126,67218,79321,5641,7361,3164891,21410
441 -0------------
46 39,8140------------
45 28,13330,27318,08515,36233,36621,92121,96062,53456,53711,476--437600
450/3 12,20911,7846,4115,0855,1423,43410,88046,51639,80110,290--437600
454/9 15,92418,48811,67410,27728,22418,48711,08016,01816,7371,185----
47/48 013,32622,12949,19314,44514,44514,445------651
492/3 3,64117,853-1,250----1,826-----
Income statement
76A -0------23,475----48,063
9900 163,387234,84694,45528,24355,56593,990130,562252,044250,52481,95949,14414,1463,0085,361
62 42,53658,74352,92340,97758,369101,85894,530170,460155,83417,922--362,471
630 27,66327,85632,78032,79333,03133,75233,40228,78929,2702,8662,8662,86621,030-
631/4 -0------------
635/8 -0----35,000-------
640/8 20,01027,64722,72020,93821,29121,41218,8129,0279,1937811,0821,1534821,294
649 -0------------
66A -0----310-------
9901 73,178120,600-13,968-66,465-57,126-63,032-51,18243,76856,22760,39045,19610,127-18,5401,595
75/76B 1,65213301584107329,8521,9179024391,4861,40792
75 1,65213301584107329,8521,9179024391,4861,40792
76B -0------------
65/66B 12,9849,7767,2864,7258,8406,7937,98819,60217,3834,9715,7605,6895,6098,528
65 12,9849,7767,2864,7258,8406,7937,98819,60217,3834,9715,7605,6895,6098,528
66B -0------------
9903 61,845110,957-21,253-71,174-65,882-69,719-59,44834,01764,23656,32039,8755,924-22,74341,222
67/77 219042---10,81826,21323,2287,891-8-
9904 61,626110,957-21,257-71,176-65,882-69,719-59,44823,19942,02737,78832,2016,141-21,70731,044
789 -0------7,7789,1194224222,026-
689 -0-----------19,766
9905 61,626110,957-21,257-71,176-65,882-69,719-59,44823,19949,80546,90732,6236,563-19,68111,277
Appropriation of the result
9906 26,686-34,940-145,896-124,639-53,46312,41982,13823,19949,80568,58121,675-10,949-17,5123,759
791/2 -0------------
691/2 -0-----23,19949,80568,581---1,590
691 -0------------
6920 -0-----------1,590
6921 -0-----23,19949,80568,581----
694/7 -0------------
694 -0------------
695 -0------------
696 -0------------
Social balance sheet
9087 2.53.2433.25.13.54.84.70.7---0.1
Hours worked1013 1,9322,7031,9611,9692,6395,1055,1118,1168,287908---36
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 5 older financial years (2001-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2019 (PDF), filed on 09-10-2020.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2019 annual accounts filed 70 days after the deadline. Filed on 9 October 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-60400111.

Financial year Type Filed Reference Document
31-12-2019 micro format 09-10-2020 2020-60400111 PDF
31-12-2018 micro format 23-09-2019 2019-65300510 PDF
31-12-2017 micro format 22-08-2018 2018-49000426 PDF
31-12-2016 micro format 27-09-2017 2017-64000159 PDF
31-12-2015 abbreviated format 28-07-2016 2016-37200122 PDF
31-12-2014 abbreviated format 07-10-2015 2015-64500289 PDF
31-12-2013 abbreviated format 27-10-2014 2014-65700031 PDF
31-12-2012 abbreviated format 30-09-2013 2013-60700463 PDF
31-12-2011 abbreviated format 28-09-2012 2012-59100249 PDF
31-12-2010 abbreviated format 30-09-2011 2011-56500264 PDF
31-12-2009 abbreviated format 07-10-2010 2010-57300390 PDF
31-12-2008 abbreviated format 22-07-2009 2009-45400334 PDF
31-12-2007 abbreviated format 09-07-2008 2008-37400090 PDF
31-12-2006 abbreviated format 30-08-2007 2007-67500010 PDF
31-12-2005 abbreviated format 04-07-2006 2006-40304474 PDF
31-12-2004 abbreviated format 05-07-2005 2005-42402421 PDF
31-12-2003 abbreviated format 31-08-2004 2004-62301819 PDF
31-12-2002 abbreviated format 29-07-2003 2003-53603907 PDF
31-12-2001 abbreviated format 30-08-2002 2002-52000044 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20192018201720162015201420132012201120102009200820072006
100,841148,45618,812-33,672-24,095-29,280-17,78072,55685,49763,25548,06112,9932,490-
89,289138,81311,522-38,383-32,851-35,967-26,04651,98871,29740,65435,0679,007-677-
1,631000-301,78024,6181,106275,000000156,565-
-9,69753,264-18,61440,4794,821-27,22539,622-45,95671,137-21,21521,420-3-15,858-
21,695-51,752-208,417-196,090-158,956-126,135-88,388103,05691,31180,36258,00536,75541,56640,049
22.1%-7.7%-77.3%-56.1%-21.9%8.5%31.3%33.7%27.6%35.9%23.0%7.8%4.3%72.4%
1.130.720.280.320.270.320.461.871.783.884.893.463.5232.76
1.100.700.260.290.210.280.411.741.543.884.893.463.5232.76
3.52----9.071.811.972.631.743.1611.1721.270.04
130.7%-----340.4%-65.9%15.5%33.2%44.8%69.1%42.6%-261.9%103.5%
28.9%59.2%-13.1%-34.3%-31.7%-28.9%-20.6%5.2%9.2%16.1%15.9%3.3%-11.2%74.9%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on PADO

The operating result for 2019 is 39% lower than in 2018.

Debt's share of the balance-sheet total is 77.9%.

Board & ownership

Curator

1 mandate
Sophie Huart
Curator, Chaussee De Waterloo 880, 1000 Bruxelles 1
from 15-02-2021 to 14-01-2025
Also on 210 other cases

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€18,600
Source
2019 annual accounts

Office holders in the KBO →

Timeline

Timeline

27 events since 2000
2025
Bankruptcy closure (by liquidation) French-language Enterprise Court of Brussels · judgment of 14-01-2025
2021
Bankruptcy published French-language Enterprise Court of Brussels · judgment of 15-02-2021
Bankruptcy published French-language Enterprise Court of Brussels · judgment of 15-02-2021
2020
Annual accounts 2019 filed PDFmicro format · 70 days late
2019
Annual accounts 2018 filed PDFmicro format · 54 days late
2018
Back to profit net €110,957 The net result is €110,957, after 5 loss-making years.
Annual accounts 2017 filed PDFmicro format · 22 days late
2017
Annual accounts 2016 filed PDFmicro format · 58 days late
2016
Weakest financial year net -€71,176 The net result drops to -€71,176, the lowest from 2006 to 2019.
Annual accounts 2015 filed PDFabbreviated format · 3 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 68 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 88 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 61 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 59 days late
2011
Equity above €100,000 equity €126,446 ▲49.8% After 4 profitable years in a row, equity reaches €126,446.
Annual accounts 2010 filed PDFabbreviated format · 61 days late
2010
Annual accounts 2009 filed PDFabbreviated format · 68 days late
2009
Annual accounts 2008 filed PDFabbreviated format · 9 days before the deadline
2008
Back to profit net €6,141 The net result is €6,141, after one loss-making year.
Annual accounts 2007 filed PDFabbreviated format · 22 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 30 days late
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2000
Incorporation 19 publications in the Belgian Official Gazette, the last on 13-04-2017

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

PADO has filed 19 sets of annual accounts, the latest for financial year 2019.1 The company was declared bankrupt on 15 February 2021. The bankruptcy was closed on 14 January 2025.23

  1. 1National Bank, annual accounts 2019
  2. 2Belgian Official Gazette, 24-03-2021
  3. 3Belgian Official Gazette, 27-01-2025

Company details

Inactive

PADO is no longer in the KBO register.

Last annual accounts
financial year to 31 December 2019
Last registered office
Rue Gustave Orts 38-40, 1000 Bruxellesas published on 13 April 2017
Legal form
Private limited company (pre-2019)
First annual accounts
financial year 2001
Official KBO record

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