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 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FOX PADEL from Chapelle-lez-Herlaimont, company number BE1001023568, closed financial year 2025 with a result of € -27,696 after tax. For that financial year FOX PADEL recorded a gross margin of € 305,361 and equity of € 98,853. Compared with financial year 2024, the result moved from € -8,450 to € -27,696. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.
€ 98,853
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -27,696
▼ 228 % more loss than in 2024
Profit after tax over the fiscal year.
€ 14,197
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -36,147.
People and assets in 2025
€ 146,725
▲ 118% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 793
▼ 62% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 846,587
▲ 13% vs 2024
€ 51,812 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 113,957
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 63,851
▲ 237% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 176,731 | € 305,361 | ▲ 73% |
| Profit after taxes | € -8,450 | € -27,696 | ▼ € 19,246 |
| Equity | € 126,550 | € 98,853 | ▼ 22% |
| Total debts | € 1,113,950 | € 1,089,366 | ▼ 2% |
| Cash | € 31,780 | € 14,197 | ▼ 55% |
| Retained profit | € -8,450 | € -36,147 | ▼ € 27,696 |
| Bank debt | € 750,000 | € 846,587 | ▲ 13% |
| Balance sheet total | € 1,240,499 | € 1,188,220 | ▼ 4% |
| Employees (FTE) | 1.9 | - |
Key figures of FOX PADEL, fiscal years 2024 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 FOX PADEL?
What happened at FOX PADEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 27,696. Source: NBB ↗
- New establishment in Morlanwelz. KBO
- Hassan Ternad became a director. NBB
- David Boraso became a director. NBB
- Olivier Fernandez De La Rosa became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 8,450 loss in 2024 to € 27,696 loss in 2025.
Paid € 83 in corporate taxes since 2024.
On average € 93,000 of value added per employee in 2024.
Management
Behind FOX PADEL are Hassan Ternad, David Boraso and Olivier Fernandez De La Rosa. Hassan Ternad is also behind ISO2H.
Directors
According to the 2025 annual accounts
since 2023
David Boraso
Director
since 2023
Olivier Fernandez De La Rosa
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Rue du Commerce 78
7160 Chapelle-lez-Herlaimont
Chaussée Brunehault(CAR) 99
7141 Morlanwelz
Active since 10 October 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1001.023.568
- VAT number
- BE 1001.023.568
- Registered office
- Rue du Commerce 78, 7160 Chapelle-lez-Herlaimont
- Names & denominations
- FOX PADEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 October 2023
- Peppol
- Active · Active since 6 Jul 2025
- Activities · NACE
Activiteiten van tennisclubs
Exploitatie van sportaccommodaties
Overige niet-gespecialiseerde detailhandel
Verhuur en lease van sport- en recreatieartikelen
Overige vormen van onderwijs
Cafés en bars
Detailhandel in overige sportartikelen
Detailhandel in sport- en kampeerartikelen in gespecialiseerde winkels
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