Paindor
ActiveThe computed 12-month bankruptcy probability of Paindor is 2.3% (moderate). The 2024 annual accounts show equity of €27k and a net result of €-20k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 26052 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-66
Solvency71▼-16
Growth65▼-20
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 1.84 against 2.65 in 2023; short-term debt: 54.4% and cash: 6.8% of total assets), but 54.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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
45.6%
Return on assets
-33.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
114 d late
2022
46 d early
2021
75 d late
2020
31 d early
2019
66 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€273k▼ 1.2%
2023 · €277k
2021: €170k
2022: €199k
2023: €277k
2021 → 2024
EBIT margin
-4.8%▼ 8.1pp
2023 · 3.2%
2021: 2.9%
2022: 6.1%
2023: 3.2%
2021 → 2024
Net result
€-20k
2023 · €5k
2019: €-4k
2020: €17k
2021: €3k
2022: €6k
2023: €5k
2019 → 2024
Working capital
€27k▼ 42.3%
2023 · €47k
2019: €5k
2020: €24k
2021: €25k
2022: €34k
2023: €47k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€170k€199k▲ 17.4%€277k▲ 38.7%€273k▼ 1.2%
Equity€32k-€36k▲ 10.1%€41k▲ 16.3%€47k▲ 13.0%€27k▼ 42.3%
Operating result€18k-€5k▼ 72.0%€12k▲ 142%€9k▼ 25.9%€-13k
Net result€17k-€3k▼ 81.4%€6k▲ 77.5%€5k▼ 7.2%€-20k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13k after €9k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €59k
Equity
€27k▼ 42.3%
Debt
€32k▲ 13.5%
The debt ratio rises from 37.8% to 54.4%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
45.6%▼
2023 · 62.2%
Current ratio
1.84▼
2023 · 2.65
Quick ratio
1.71▼
2023 · 2.51
Debt / equity
1.19▲
2023 · 0.61
ROE
-73.4%▼
2023 · 11.5%
ROA
-33.5%▼
2023 · 7.1%
Debt
€32k▲
2023 · €28k
Debt ≤ 1 year
€32k▲
2023 · €28k
Staff costs
€60k▲
2023 · €41k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€75k€59k▼
Current assets29/58€75k€59k▼
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€40k€51k▲
Trade receivables40€22k€26k▲
Other amounts receivable41€18k€25k▲
Cash at bank and in hand54/58€31k€4k▼
Equity and liabilities
Total equity and liabilities10/49€75k€59k▼
Equity10/15€47k€27k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€28k€8k▼
Amounts payable17/49€28k€32k▲
Amounts payable within one year42/48€28k€32k▲
Trade debts44€23k€27k▲
Suppliers440/4€23k€27k▲
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€778€504▼
Remuneration and social security454/9€5k€4k▼
Income statement
Code20232024
Turnover70€277k€273k▼
Goods, raw materials, services and sundry goods60/61€190k€222k▲
Remuneration, social security and pensions62€41k€60k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k-
Other operating charges640/8€29k€5k▼
Gross operating margin9900€87k€51k▼
Operating profit (loss)9901€9k€-13k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€1k€7k▲
Recurring financial charges65€1k€7k▲
Profit (loss) for the period before taxes9903€8k€-20k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€5k€-20k▼
Profit (loss) for the period to be appropriated9905€5k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€8k▼
Profit (loss) brought forward from the previous period14P€23k€28k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-20k ▼469%
Net result drops to €-20k, the lowest in the series.
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 114 days late
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Antwerpen · 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.
Blancefloerlaan 532050 AntwerpenGround area
464 m²
Building footprint
273 m²
Volume, LiDAR
2,868 m³
Parcel 11813N0799/00N003, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Paindor
since 20182.280.894.325
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0799/00N003 | Flanders | 464 m² | 1 · 273 m² | 14.9 m · 4 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.280.894.325
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ALPHA-GROENPLAATS
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ASROMS
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ZEYNEP NUR
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Of 2,406 companies in sector 47241 we hold annual accounts for 1,097. 880 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-2018
Fiscal year end31-12
Activities, NACEBEL
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.