PADO is registered with the CBE as active in: Industriële wasserijen, ververijen en dergelijke. Private Limited, started on 22 November 1991, 1 establishment.

What is the address of PADO?

The registered office of PADO is located at René Dubreucqstraat 9, 7880 Flobecq.

Is PADO still active?

Yes. According to the CBE (30 October 2026) PADO is active, legal situation “Normale toestand”, started on 22 November 1991.

Is PADO registered on Peppol?

Yes, PADO is registered on the Peppol network with ID 0208:0445832784.

What is the enterprise number of PADO?

The enterprise number of PADO is BE0445832784.

When was PADO founded?

PADO was founded on 22 November 1991.

Who are the directors of PADO?

According to the 2024 annual accounts, the directors of PADO are: IOANNIS GOURNIS.

Is PADO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 22 November 1991; 4 annual accounts filed, latest fiscal year 2024; 1 directors known from the annual account.

How much profit did PADO make in 2024?

PADO recorded a loss after taxes of € 78,836 in financial year 2024.

What is the revenue of PADO?

As a small company, PADO is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 142,303.

How much does an employee at PADO earn?

The average wage cost per full-time employee at PADO was € 36,900 in 2024: staff costs of € 184,467 for 5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does PADO have?

According to the 2024 annual accounts, PADO has 5 full-time equivalents (FTE).

PADO (Private Limited) - Flobecq - BE0445832784

Dossier PADO, printed on 30 October 2026 from databakkes.be/en/0445832784/pado. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 1 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2023 and 2024.
Tight liquidity NBB

Cash and receivables cover 64 % of short-term debt in 2024; threshold 65 %.

Financials

Financial year 2024

PADO from Flobecq, company number BE0445832784, closed financial year 2024 with a result of € -78,836 after tax. For that financial year PADO recorded a gross margin of € 142,303 and equity of € -73,382. Compared with financial year 2023, the result moved from € -34,984 to € -78,836. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 12, 2025.

What it is worth Caution

€ -73,382

▼ € 78,836 vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -78,836

▼ 125 % more loss than in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 5,568

▼ 66% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -116,764.

People and assets in 2024

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 184,467

▼ 2% vs 2023

€ 36,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 20,479

▼ 40% vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2024

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 14,978

▼ 40% vs 2023

€ 6,086 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 77,136

▲ 34% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 118,573

▲ 13% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Gross margin	€ 139,534 Gross margin 2021: € 139,534 First fiscal year in the series	€ 128,917 Gross margin 2022: € 128,917 ▼ 8% vs 2021 (€ 139,534) Unfavourable step	€ 178,622 Gross margin 2023: € 178,622 ▲ 39% vs 2022 (€ 128,917) Favourable step	€ 142,303 Gross margin 2024: € 142,303 ▼ 20% vs 2023 (€ 178,622) Unfavourable step	▼ 20%
Profit after taxes	€ 30,181 Profit after taxes 2021: € 30,181 First fiscal year in the series	€ -48,537 Profit after taxes 2022: € -48,537 ▼ € 78,718 vs 2021 (€ 30,181) Unfavourable step	€ -34,984 Profit after taxes 2023: € -34,984 ▲ € 13,553 vs 2022 (€ -48,537) Favourable step	€ -78,836 Profit after taxes 2024: € -78,836 ▼ € 43,852 vs 2023 (€ -34,984) Unfavourable step	▼ € 43,852
Equity	€ 88,975 Equity 2021: € 88,975 First fiscal year in the series	€ 40,438 Equity 2022: € 40,438 ▼ 55% vs 2021 (€ 88,975) Unfavourable step	€ 5,454 Equity 2023: € 5,454 ▼ 87% vs 2022 (€ 40,438) Unfavourable step	€ -73,382 Equity 2024: € -73,382 ▼ € 78,836 vs 2023 (€ 5,454) Unfavourable step	▼ € 78,836
Total debts	€ 38,533 Total debts 2021: € 38,533 First fiscal year in the series	€ 157,609 Total debts 2022: € 157,609 ▲ € 119,075 vs 2021 (€ 38,533) Unfavourable step	€ 220,475 Total debts 2023: € 220,475 ▲ 40% vs 2022 (€ 157,609) Unfavourable step	€ 336,540 Total debts 2024: € 336,540 ▲ 53% vs 2023 (€ 220,475) Unfavourable step	▲ 53%
Cash	€ 46,285 Cash 2021: € 46,285 First fiscal year in the series	€ 40,983 Cash 2022: € 40,983 ▼ 11% vs 2021 (€ 46,285) Unfavourable step	€ 16,415 Cash 2023: € 16,415 ▼ 60% vs 2022 (€ 40,983) Unfavourable step	€ 5,568 Cash 2024: € 5,568 ▼ 66% vs 2023 (€ 16,415) Unfavourable step	▼ 66%
Retained profit	€ 45,594 Retained profit 2021: € 45,594 First fiscal year in the series	€ -2,943 Retained profit 2022: € -2,943 ▼ € 48,537 vs 2021 (€ 45,594) Unfavourable step	€ -37,927 Retained profit 2023: € -37,927 ▼ € 34,984 vs 2022 (€ -2,943) Unfavourable step	€ -116,764 Retained profit 2024: € -116,764 ▼ € 78,836 vs 2023 (€ -37,927) Unfavourable step	▼ € 78,836
Bank debt	€ 5,498 Bank debt 2021: € 5,498 First fiscal year in the series	€ 29,892 Bank debt 2022: € 29,892 ▲ € 24,393 vs 2021 (€ 5,498) Unfavourable step	€ 24,854 Bank debt 2023: € 24,854 ▼ 17% vs 2022 (€ 29,892) Favourable step	€ 14,978 Bank debt 2024: € 14,978 ▼ 40% vs 2023 (€ 24,854) Favourable step	▼ 40%
Balance sheet total	€ 127,509 Balance sheet total 2021: € 127,509 First fiscal year in the series	€ 198,047 Balance sheet total 2022: € 198,047 ▲ 55% vs 2021 (€ 127,509) Unchanged	€ 225,929 Balance sheet total 2023: € 225,929 ▲ 14% vs 2022 (€ 198,047) Unchanged	€ 263,158 Balance sheet total 2024: € 263,158 ▲ 16% vs 2023 (€ 225,929) Unchanged	▲ 16%
Employees (FTE)	-	-	-	5 Employees (FTE) 2024: 5 First fiscal year in the series

Key figures of PADO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to PADO?

What happened at PADO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Dec 12, 2025 New annual accounts for financial year 2024: loss of € 78,836. filed late Source: NBB ↗
Dec 30, 1991 New establishment in Flobecq. KBO
Nov 22, 1991 Start of the company according to the CBE. KBO

In short

From € 30,181 profit in 2021 to € 78,836 loss in 2024.

Paid € 3,142 in corporate taxes since 2021.

Best year ever: 2021, with € 30,181 profit.

On average € 28,500 of value added per employee in 2024.

Original PDFs at the National Bank ↗

Management

MG SERVICES 100%

The stake of MG SERVICES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

PADO

Behind PADO is IOANNIS GOURNIS. The shares are held by MG SERVICES (100%).

Directors

According to the 2024 annual accounts

IOANNIS GOURNIS

Director

Also active at: OLYMPUS IMMO, MARIEMBOURG SANTE, MG Health Care, MG SERVICES, MARCINELLE SANTE, NAMUR HEALTH CARE, VERVIERS SANTE, BUREAU DE CONSULTANCE GOURNIS +2 more

Shareholders

MG SERVICES

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

René Dubreucqstraat 9

7880 Flobecq

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0445.832.784

VAT number

BE 0445.832.784

Registered office

René Dubreucqstraat 9, 7880 Flobecq

Names & denominations

PADO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

22 November 1991

Peppol

Active · Active since 22 Dec 2025

Activities · NACE

Industriële wasserijen, ververijen en dergelijke

Activiteiten van industriële wasserijen

Activiteiten van wasserettes en wassalons ten behoeve van particulieren

Wasserettes, behandelen van was en reiniging van kleding ten behoeve van particulieren

View on CBE Public ↗ Annual accounts (NBB) ↗

PADO

Warning lights

Financials

What happened to PADO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions