Equity
€27,631 from €87,827 in 2008
Equity fell by 69% in 16 years.
OPERATION PANDA
Lifetime
18 annual accounts with figures on one time axispeak €105,338 (2007)
€16,497▼ 62.2%
lowest -€87,058 (2009)
-€12,848▼ €42,143
peak €87,827 (2008)
€27,631▼ 31.7%
€87,689▲ 88.5%
peak 0.8 FTE (2009)
-not published
Board3 names since 2006
1 director
Documentsfilings and deeds
11-06-2026315 days late
2024micro format
Gross margin from €43,624 to €16,497Loss of €12,848Change of role: , from manager to director 27-02Equity from €40,479 to €27,631Debts from €46,530 to €87,689Investments €74,832
Key points
from the 2024 annual accountsDebts
€87,689 76% of the balance sheet
Financial debts 62%Suppliers 28%Taxes and wages 6%Other 5%
Of this, €50,755 falls due within a year.
Investments
€78,804 3.1 × depreciation
Green is investment, beige is depreciation.
Filings
18 annual accounts 107 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Board
1 left
A director left. Latest change 07-03-2026 · 1 in office.
Position in the sector
-€12,848
Lower net result than 89% of companies in other professional activities. Sector median €8,814 · 4,290 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,225 companies had the same profile as OPERATION PANDA has now. Each dot stands for 4 companies, two years later.
88.4%
were still trading
7.6%
stopped another way
3.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,225 companies, not a prediction for OPERATION PANDA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered office moved from Waterloo to Jemeppe-sur-Sambre
Transfer of shares from to · New registered office: Rue du Grandvaux, 36 à 5190 Jemeppe sur Sambre · Previous registered office: Rue Bodrissart, 69 à 1410 Waterloo · Board meeting of 07-03-2026 · Gazette deed
Change of role: , from manager to director
“nouveau texte des statuts ci-dessous” (deed in French) · Director discharge: · General meeting of 27-12-2023 · Gazette deed
Resignation: (manager)
General meeting of 27-10-2016 · Gazette deed
Registered office moved from Whauthier-Braine to Waterloo
New registered office: Rue Bodrissart 69, 1410 Waterloo · Previous registered office: Rue Jean Theys 21, 1440 Whauthier-Braine · Appointment: (manager) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| OPERATION PANDA Jemeppe-sur-Sambre | €115,320 | €16,497 | 24.0% | - |
| WHITELAB Namur | €132,204 | €25,180 | 44.0% | - |
| TOFFE PEE Dilbeek | €93,084 | €16,744 | 68.5% | - |
| VISU AGENCY Berloz | €115,031 | €22,165 | 70.4% | - |
| Image Concepts Diepenbeek | €90,358 | €15,189 | 66.4% | - |
| TOPO-GRAPHICS Zoersel | €108,767 | €21,576 | -144.9% | - |
| AMELIE CERUTTI Tournai | €98,519 | €22,924 | 51.4% | - |
These companies have the same main activity as OPERATION PANDA: photography, excluding press photography (NACE 74201). They are comparable in size and age: total assets between €90,400 and €132,000, founded between 2006 and 2010.
Official details
Source: KBO- Status
- Active since 20-09-2006Normal situation
- Activity
- Photography, excluding press photographyNACE 74201
- Establishment unit
- 2.156.672.0661410 Waterloo, since 12-10-2006
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on OPERATION PANDA
OPERATION PANDA files the micro format. That format states no turnover. The gross margin fell from €105,338 in 2007 to €16,497 in 2024.
The balance sheet grew most from 2022 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about OPERATION PANDA
- What is the company number of OPERATION PANDA?
- The company number of OPERATION PANDA is 0883.625.260. The VAT number is the same number with BE in front: BE 0883.625.260.
- Where is OPERATION PANDA based?
- The registered office is at Rue Grandvaux,Balâtre 36, 5190 Jemeppe-sur-Sambre.Company details
- What does OPERATION PANDA do?
- According to the KBO register, the main activity is photography, excluding press photography (NACE 74201).
- What is the legal form of OPERATION PANDA?
- OPERATION PANDA is a private limited company (BV).
- When was OPERATION PANDA founded?
- OPERATION PANDA was founded on 20-09-2006.
- Is OPERATION PANDA still active?
- Yes, OPERATION PANDA is an active enterprise in the KBO register.
- What is the turnover of OPERATION PANDA?
- The turnover of OPERATION PANDA was €148,578 in financial year 2024, according to the filed annual accounts.Financials
- Is OPERATION PANDA profitable?
- In financial year 2024, OPERATION PANDA made a loss of €12,848.
- Where can I find the annual accounts of OPERATION PANDA?
- OPERATION PANDA filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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