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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAD MEUBELATELIER from Gent, company number BE0833140324, closed financial year 2025 with a result of € -25,592 after tax. For that financial year PAD MEUBELATELIER recorded a gross margin of € 2,581 and equity of € 11,448. Compared with financial year 2024, the result moved from € -10,118 to € -25,592. The company made a loss. The buffer shrank hard: equity is 69 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 11,448
▼ 69% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -25,592
▼ 153 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7,152.
Debts at end 2025
€ 94,781
▲ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 6,562
▲ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,629
▲ 126% 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 | € 33,143 | € 24,526 | € 19,906 | € 2,581 | ▼ 87% |
| Profit after taxes | € 1,631 | € -6,006 | € -10,118 | € -25,592 | ▼ € 15,474 |
| Equity | € 40,764 | € 47,158 | € 37,040 | € 11,448 | ▼ 69% |
| Total debts | € 173,064 | € 125,979 | € 97,460 | € 103,097 | ▲ 6% |
| Cash | € 20,030 | € 6,889 | - | - | |
| Land & buildings | € 175,282 | € 154,282 | € 133,420 | € 114,360 | ▼ 14% |
| Retained profit | € 34,564 | € 28,558 | € 18,440 | € -7,152 | ▼ € 25,592 |
| Dividend | € 1,600 | € 0 | € 0 | € 0 | |
| Bank debt | € 133,705 | € 101,195 | € 91,965 | € 94,781 | ▲ 3% |
| Balance sheet total | € 213,827 | € 173,137 | € 134,499 | € 114,545 | ▼ 15% |
Key figures of PAD MEUBELATELIER, 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 PAD MEUBELATELIER?
What happened at PAD MEUBELATELIER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 25,592. filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,631 profit in 2022 to € 25,592 loss in 2025.
Paid € 404 in corporate taxes since 2022.
Best year ever: 2022, with € 1,631 profit.
Paid out € 1,600 in dividends to the owners in total.
Management
Behind PAD MEUBELATELIER are Johan Deley and Lieven Van Holle.
Directors
According to the 2025 annual accounts
Johan Deley
Manager
Lieven Van Holle
Manager
Establishments
Establishment units
Physical locations of this company
Londenstraat 32
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0833.140.324
- VAT number
- BE 0833.140.324
- Registered office
- Londenstraat 32, 9000 Gent
- Names & denominations
- PAD MEUBELATELIER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 January 2011
- Peppol
- Active · Active since 24 Nov 2025
- Activities · NACE
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