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Complete company report
Generated 15-08-2026
Active BE 0649.858.428Private limited company

PADAF

Veeweidestraat 150/1 ·1070 Anderlecht, Belgium· 10 yrs active
Sector: Overige gespecialiseerde bouwactiviteiten, neg (43990)
Conclusion Checked

The KBO register records legal situation 050 for PADAF (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show equity of €349k and a net result of €43k.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €349k
Net result €43k
Better than sector 95%
Active 10 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health24Profitability62Solvency100Growth52Stability0
48 / 100

Mixed profile: strong on solvency, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 24
Profitability 62
Solvency 100
Growth 52
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

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.

Risk Assessment rule-based
0 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Trust signals 1 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.
Administrative Flags0 events
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.
Health barometer FY 2022 · computed
24 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview6 NBB filings
Annual accounts filed on 11-12-2023 with the NBB · fiscal year 2022 · volledig
€0€500k€1.00M€1.50MRevenue 2019: €1.50M€1.50MOperating result 2019: €185k€185kNet result 2019: €162k€162kOperating result 2020: €153k€153kNet result 2020: €268k€268kOperating result 2021: €51k€51kNet result 2021: €30k€30kOperating result 2022: €67k€67kNet result 2022: €43k€43k2019202020212022
RevenueOperating resultNet result
Sector comparison
Fiscal year 2022 · NACE 43, Specialised construction · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 85.8% 32.9%
better than 95% of 432 sector peers
Net result €43k €20k
better than 67% of 431 sector peers
Equity €349k €84k
better than 79% of 432 sector peers
Gross operating margin €82k €109k
better than 45% of 407 sector peers
Staff costs €18 €172k
higher than 5% of 289 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€1.50M
- 19-22
EBITDA
€75k
+21.9% 19-22
Net profit
€43k
+41.9% 19-22
Cash flow
€52k
+25.1% 19-22
Total assets
€407k
+7.9% 19-22
Equity
€349k
+14.1% 19-22
Working capital
€337k
+18.1% 19-22
Staff costs
€18
- 19-22
Income taxes
€23k
+16.3% 19-22
Debt
€58k
-18.8% 19-22
Debt ≤ 1y
€58k
-18.8% 19-22
Current ratio
6.83
+36.4% 19-22
Quick ratio
6.83
+36.4% 19-22
Solvency
85.8%
+5.8% 19-22
Debt / equity
0.17
-28.8% 19-22
ROE
12.4%
+24.4% 19-22
ROA
10.6%
+31.5% 19-22
Net margin
10.8%
- 19-22
EBITDA margin
13.0%
- 19-22
Interest coverage
289.99
+79.8% 19-22
Figures by fiscal year
Fiscal year2022
Depositvolledig
Revenue-
EBITDA€75k
Net profit€43k
Cash flow€52k
Staff costs€18
Income taxes€23k
Dividends-
Total assets€407k
Equity€349k
Debt€58k
of which ≤ 1y€58k
of which > 1y-
Working capital€337k
Employees (FTE)-
Ratios (computed)
2022
Current ratio6.83
Quick ratio6.83
Working capital ratio82.8%
Solvency85.8%
Debt / equity0.17
Long-term debt ratio-
Interest coverage289.99
Gross margin-
Net margin-
ROA10.6%
ROE12.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€407k
Fixed assets 21/28€12k
Tangible fixed assets 22/27€12k
Financial fixed assets 28€400
Current assets 29/58€395k
Amounts receivable within one year 40/41€356k
Cash & bank 54/58€38k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€407k
Equity 10/15€349k
Contributions / capital 10/11€6k
Reserves 13€2k
Accumulated profits (losses) 14€341k
Amounts payable 17/49€58k
Amounts payable within one year 42/48€58k
Trade debts payable within one year 44€1k
Income statement
Gross operating margin 9900€82k
Operating result 9901€67k
Financial income 75€0
Financial charges 65€260
Result before taxes 9903€66k
Income taxes 67/77€23k
Net result for the period 9904€43k
Result to be appropriated 9905€43k
You are seeing the latest fiscal year only. 3 prior years (figures + ratios) are in a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Overige gespecialiseerde bouwactiviteiten, neg(43990)
Legal form Private limited company(610)
Incorporation11-03-2016
StatusActive
Postal code1070
Establishment units 1 location
PADAF
Heizelstraat 158, 1020 BrusselVervaardiging van metalen constructiewerken of gebinten voor de bouw
since 20162.252.031.677
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21308H0532/00S006 Brussels 209 m² 1 · 106 m² 13.9 m · 3 fl.
21816C0001/00G006 Brussels 81 m² 1 · 91 m² 13.7 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023
11-12-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
02-08-2023
State Gazette act Capital & shares
2022
16-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
29-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
31-01-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
11-02-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
31-01-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
Belgisch Staatsblad, acts 1 acts
Capital history · 1
02-08-2023
Capital change
All acts · 1 updated 3 years ago
2023
02-08-2023 All shares are now held by a single shareholder Capital & shares
Technical details 
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  },
  "act_meta": {
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    "pub_date": null,
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    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2023-06-30",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-06-30"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0649.858.428",
    "name_full": "PADAF",
    "legal_form": "SRL",
    "is_foreign_registered": false
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  "publication_proxy": {
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  "co_filed_documents": [],
  "shareholders_after": [
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      "kind": "person",
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      "role": "simple_associ\u00E9",
      "n_shares": 0,
      "share_class": null
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  "share_classes_after": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999
Primary activity highlighted.
Names & trade names
Legal nameFR PADAF
Registered office
Veeweidestraat 150/1
1070 Anderlecht, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative