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PADORE

Active
Private limited companyfounded 2009active for 17 yearsIeperse Steenweg 96, 8630 Veurne, BelgiumKBO/BCE: BE 0817.120.971
Summary

PADORE has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €8.0m and a net result of €793,224. Equity is growing by about 2.6% per year across the filed financial years. Its solvency ranks better than 58% of 329 sector peers (NACE 70, financial year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
PADOREActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Activities of head offices
NACE 70100
5th largest company by total assets in Veurne, Professional and technical services sector1 site
Size
€12.4mtotal assets 2026
Equity
€8.0m
Profit
€793,224
Turnover not published (abbreviated format)
Financial health
95 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Holdings
6
Accounts 123 days early0 of 2 deeds read
Why 95raises riskLiquidity: current ratio 13.82, cash €29,130, halvedlowers riskSize: total assets €12.4mFigures for financial year 2026 (filed 30-09-2026)Founded in 2009Show the evidence

Checked score

Score 2026
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 62% of its sector peers (NACE 70, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2025
Strong
Solvency 90+6
equity 64.6% of total assets
Liquidity 50-6
short-term debt 1.1% · cash 0.2%
Profitability 71+52
return on assets 6.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (796 companies, NACE 70, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: 0.1%▲ +0.1 percentage points vs 12-2024 02-2025: < 0.1%▼ -0.1 percentage points vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: 0.1%▲ +0.1 percentage points vs 11-2025 01-2026: < 0.1%▼ -0.1 percentage points vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: 0.1%▲ +0.1 percentage points vs 09-2026highest value
Credit of up to €750,000 on 30-day terms is acceptable
Liquidity ample (current ratio 13.82, compared with 49.48 in 2025, above the usual 1.5; short-term debt: 1.1% and cash: 0.2% of total assets), and 35.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, medium-sized): better than 55% on solvency, 51% on liquidity, 75% on profitability and 66% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 13.82, cash €29,130, halved
NBB · annual accounts
lowers risk · Size: total assets €12.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2026 (filed 30-09-2026)
NBB · annual accounts
lowers risk · Founded in 2009
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 30-09-2026, 123 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
123 days early
2025
54 days early
2024
25 days early
2023
on the day
2022
57 days early
2021
56 days early
2020
55 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 53 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today. The company usually files around 8 December (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today30-06-2027 year end31-01-2028 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · abbreviated…
  2. Back to profitnet €793,224
  3. General meeting · Director reappointmentPermanent representative · Board meeting

Key points

  • Positive: Back in profit in 2026after -€2,510 in 2025 €793,224 View
  • Positive: Among the best 5% on equitysector median €332,405 · 329 companies €8.0m View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View

By topic

Financials

Financial year
2026
Total assets
€12.4m
Profit
€793,224
Solvency
64.6%
Total assets▲ 0.5%
Net result
20192026
Go to Financials

Timeline

Events
25
Since
2012
Next accounts
by 31-01-2028
  1. 08-12-2025Annual accounts filed
  2. 06-01-2025Annual accounts filed
  3. 17-10-2024Founder · Other provision
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Activities of head officesNACE 70100
Founded
15-07-2009
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Key facts about PADORE

What is the company number of PADORE?
0817.120.971. In Belgium the VAT number is the company number with BE in front: BE 0817.120.971.
Where is PADORE based?
The registered office is at Ieperse Steenweg 96, 8630 Veurne.Company details
What does PADORE do?
According to the KBO register, the main activity is activities of head offices (NACE 70100).
What is the legal form of PADORE?
Private limited company (BV).
When was PADORE founded?
On 15-07-2009.
Is PADORE still active?
Yes, PADORE is an active enterprise in the KBO register.
What is the turnover of PADORE?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is PADORE profitable?
In financial year 2026, PADORE made a profit of €793,224.
Where can I find the annual accounts of PADORE?
PADORE filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of PADORE due?
By 31-01-2028, for financial year 2027.Timeline

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