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PALDY

Active
Private limited company (pre-2019)· 39 yrs active
Polderstraat(Odk) 160 ·8670 Koksijde, Belgium
Open bankruptcy
KBO/BCE: BE 0431.306.540
Watch Print / PDF
Age39 yrs
Real estate1 parcel · 1,024 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for PALDY according to publications in the Belgian State Gazette. The 2018 annual accounts show equity of €141k and a net result of €13k.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 events
09-05-2023
Bankruptcy Opening
Date: 03-05-2023 · Ondernemingsrechtbank Gent, afdeling Veurne · PALDY BV POLDER- STRAAT 160, 8670 KOKSIJDE · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2018) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 31-08-2019, 31 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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2018, that is 31-07-2019.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 nothing on record not filed -
31-12-2020 31-07-2021 nothing on record not filed -
31-12-2019 31-07-2020 nothing on record not filed -
31-12-2018 31-07-2019 31-08-2019 31 d late 2019-60500488
31-12-2017 31-07-2018 31-08-2018 31 d late 2018-59300600
31-12-2016 31-07-2017 30-08-2017 30 d late 2017-51900379
31-12-2015 31-07-2016 27-07-2016 4 d early 2016-35900199
31-12-2014 31-07-2015 08-06-2015 53 d early 2015-15400052

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€13k
Working capital€19k
Directors1

Annual accounts & ratios

Source: NBB · 2018
Annual accounts filed on 31-08-2019 with the NBB · fiscal year 2018 · micro
Fiscal year2018
Depositmicro
Revenue-
EBITDA€53k
Net profit€13k
Cash flow€30k
Staff costs-
Income taxes€11k
Dividends-
Total assets€204k
Equity€141k
Debt€63k
of which ≤ 1y€63k
of which > 1y-
Working capital€19k
Employees (FTE)-
Ratios (computed)
2018
Current ratio1.30
Quick ratio1.28
Working capital ratio9.3%
Solvency69.2%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA6.6%
ROE9.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2018
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2018
Balance sheet, Assets
TOTAL ASSETS 20/58€204k
Fixed assets 21/28€122k
Tangible fixed assets 22/27€62k
Financial fixed assets 28€60k
Current assets 29/58€82k
Stocks & contracts in progress 3€2k
Amounts receivable within one year 40/41€29k
Cash & bank 54/58€51k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€204k
Equity 10/15€141k
Contributions / capital 10/11€19k
Reserves 13€123k
Accumulated profits (losses) 14€-47k
Amounts payable 17/49€63k
Amounts payable within one year 42/48€63k
Trade debts payable within one year 44€9k
Income statement
Gross operating margin 9900€54k
Operating result 9901€36k
Financial income 75€9
Financial charges 65€68
Result before taxes 9903€36k
Income taxes 67/77€11k
Net result for the period 9904€25k
Result to be appropriated 9905€25k
Ratios computed by Checked.

Health barometer

FY 2018 · computed
3 / 100 Critical
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2018 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

1 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator JEAN MARIE VERSCHELDEN
DANIEL DE HAENE- LAAN 30, 8630 VEURNE- jean-
 03-05-2023 → present Belgian State Gazette

Legal Structure

NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation19-05-1987
StatusActive
Postal code8670
First BS signal 09-05-2023
Latest BS signal 09-05-2023

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Polderstraat(Odk) 1608670 Koksijde

Establishment units

1 location
PALDY
Polderstraat(Odk) 160, 8670 KoksijdeRestaurant van het traditionele type
since 19872.030.594.634
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,024 m²
Buildings1
Building footprint373 m²
Volume (LiDAR)1,536 m³
Tallest building7.9 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
38018B0762/00B000 Flanders 1,024 m² 1 · 373 m² 7.9 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
09-05-2023
Bankruptcy Opening
Date: 03-05-2023 · Ondernemingsrechtbank Gent, afdeling Veurne · PALDY BV POLDER- STRAAT 160, 8670 KOKSIJDE · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-05-09 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health3Profitability48Solvency76Growth-Stability0
32 / 100

Fragile profile, watch stability in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 3
Profitability 48
Solvency 76
Growth -
Stability 0

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameNL PALDY
Registered office
Polderstraat(Odk) 160
8670 Koksijde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.