Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PADEM from Knokke-Heist, company number BE0438554420, closed financial year 2025 with a result of € 11,380 after tax. For that financial year PADEM recorded a gross margin of € -5,910 and equity of € 513,381. Compared with financial year 2024, the result moved from € -30,288 to € 11,380. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 513,381
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,380
▲ still € 30,288 loss in 2024
Profit after tax over the fiscal year.
€ 134,570
▲ € 134,292 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -486,619.
Debts at end 2025
€ 772,252
Loans from banks and other lenders, long and short.
€ 309,744
▲ € 308,841 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,523
▲ 110% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,176 | € -4,288 | € -2,632 | € -5,910 | ▼ € 3,278 |
| Profit after taxes | € -2,307 | € -35,834 | € -30,288 | € 11,380 | ▲ € 41,668 |
| Equity | € 568,123 | € 532,289 | € 502,001 | € 513,381 | ▲ 2% |
| Total debts | € 862,803 | € 905,448 | € 931,674 | € 2,671,303 | ▲ 187% |
| Cash | € 4,740 | € 10,021 | € 279 | € 134,570 | ▲ € 134,292 |
| Retained profit | € -431,877 | € -467,711 | € -497,999 | € -486,619 | ▲ € 11,380 |
| Bank debt | € 0 | € 0 | € 0 | € 772,252 | |
| Balance sheet total | € 1,430,926 | € 1,437,737 | € 1,433,675 | € 3,184,683 | ▲ 122% |
Key figures of PADEM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PADEM?
What happened at PADEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Katrien Willem stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 11,380. Source: NBB ↗
- Katrien Willem became a director. NBB
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,307 loss in 2022 to € 11,380 profit in 2025.
Best year ever: 2025, with € 11,380 profit.
Management
Establishments
Establishment units
Physical locations of this company
Elizabetlaan 76
8300 Knokke-Heist
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.554.420
- VAT number
- BE 0438.554.420
- Registered office
- Elizabetlaan 76, 8300 Knokke-Heist
- Names & denominations
- PADEM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 1989
- Peppol
- Active · Active since 25 Jan 2024
- Activities · NACE
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