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 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PADO from Nazareth, company number BE0543774971, closed financial year 2025 with a result of € 24,951 after tax. For that financial year PADO recorded a gross margin of € 105,711 and equity of € 476,666. Compared with financial year 2024, the result moved from € -49,884 to € 24,951. 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 December 23, 2025.
€ 476,666
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,951
▲ still € 49,884 loss in 2024
Profit after tax over the fiscal year.
€ 120,606
▼ 18% 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 € 457,079.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 32,585
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 430,428
▼ 6% vs 2024
€ 28,554 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 6,002
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,652
▼ 33% 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 | € 66,283 | € 14,491 | € 80,533 | € 105,711 | ▲ 31% |
| Profit after taxes | € 45,492 | € -199,305 | € -49,884 | € 24,951 | ▲ € 74,835 |
| Equity | € 700,904 | € 501,599 | € 451,715 | € 476,666 | ▲ 6% |
| Total debts | € 31,474 | € 1,497,607 | € 1,438,721 | € 1,304,052 | ▼ 9% |
| Cash | € 508,433 | € 637,412 | € 146,284 | € 120,606 | ▼ 18% |
| Land & buildings | € 23,839 | € 23,008 | € 22,176 | € 21,344 | ▼ 4% |
| Retained profit | € 681,317 | € 482,011 | € 432,128 | € 457,079 | ▲ 6% |
| Bank debt | € 0 | € 484,760 | € 458,060 | € 430,428 | ▼ 6% |
| Balance sheet total | € 732,378 | € 1,999,206 | € 1,890,436 | € 1,780,718 | ▼ 6% |
Key figures of PADO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to PADO?
What happened at PADO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 24,951. Source: NBB ↗
- Paul Dhondt became a director. NBB
- New establishment in Nazareth. KBO
- Start of the company according to the CBE. KBO
In short
From € 45,492 profit in 2022 to € 24,951 profit in 2025.
Paid € 21,369 in corporate taxes since 2022.
Best year ever: 2022, with € 45,492 profit.
Management
Behind PADO is Paul Dhondt.
Directors
According to the 2025 annual accounts
Paul Dhondt
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Steenweg Deinze 43 box A
9810 Nazareth
Steenweg Deinze 43 box a
9810 Nazareth
Active since 3 January 2014
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0543.774.971
- VAT number
- BE 0543.774.971
- Registered office
- Steenweg Deinze 43 bus A, 9810 Nazareth
- Names & denominations
- PADO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 2013
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
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