The computed 12-month bankruptcy probability of PAAN TRADE is 14.9% (high). For PAAN TRADE, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €18,666 and a net result of €4,203. Equity is growing by about 132% per year across the filed financial years. Its solvency ranks better than 57% of 5,988 sector peers (NACE 46, financial year 2021). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).
Signalsraises riskFigures for financial year 2021 (filed 27-11-2022)3 financial years not filed after the legal deadline; last filed accounts filed 116 days late; 3 of the last 3 lateSize: total assets €42,025Ex-officio strike-off in the KBOTwo or more financial years not filed2021 accounts filed 116 days lateAdministrative warnings in the KBO publicationsShow the evidence
Bankruptcy probability
No current score
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2021 · tick = 2019
Financial strength
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Strong
Solvency69+49
equity 44.4% of total assets
Liquidity58+40
short-term debt 55.6% · cash 29.1%
Profitability81+18
return on assets 10.0%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
14.9%High
0%0.5%1.5%4%10%≥ 25%
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months11-2024: 8.6%lowest value12-2024: 9.2%▲ +0.6 percentage points vs 11-202401-2025: 9.2%● unchanged vs 12-202402-2025: 9.2%● unchanged vs 01-202503-2025: 9.2%● unchanged vs 02-202504-2025: 9.2%● unchanged vs 03-202505-2025: 9.2%● unchanged vs 04-202506-2025: 9.2%● unchanged vs 05-202507-2025: 9.2%● unchanged vs 06-202508-2025: 8.8%▼ -0.4 percentage points vs 07-202509-2025: 8.8%● unchanged vs 08-202510-2025: 8.8%● unchanged vs 09-202511-2025: 8.8%● unchanged vs 10-202512-2025: 8.7%▼ -0.1 percentage points vs 11-202501-2026: 8.7%● unchanged vs 12-202502-2026: 8.7%● unchanged vs 01-202603-2026: 8.7%● unchanged vs 02-202604-2026: 8.7%● unchanged vs 03-202605-2026: 8.7%● unchanged vs 04-202606-2026: 8.7%● unchanged vs 05-202607-2026: 8.7%● unchanged vs 06-202608-2026: 8.7%● unchanged vs 07-202609-2026: 15.0%▲ +6.3 percentage points vs 08-2026highest value10-2026: 14.9%▼ -0.1 percentage points vs 09-2026
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
31-12-2022 year end31-07-2023 deadline01-11-2026 today
raises risk · 2021 accounts filed 116 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-11-2022, 116 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 117 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
0660.700.058. In Belgium the VAT number is the company number with BE in front: BE 0660.700.058.
Where is PAAN TRADE based?
The registered office is at Thiernessestraat 34, 1070 Anderlecht.Company details
What does PAAN TRADE do?
According to the KBO register, the main activity is agents in the wholesale of furniture, household goods and hardware (NACE 46150).
What is the legal form of PAAN TRADE?
Private limited company (pre-2019) (BVBA).
When was PAAN TRADE founded?
On 04-08-2016.
Is PAAN TRADE still active?
Yes, PAAN TRADE is an active enterprise in the KBO register.
What is the turnover of PAAN TRADE?
≈ €30,000 in financial year 2021. Estimated from the gross margin of €5,009: probably between €13,000 and €94,000, based on 32 comparable companies, NACE 461. A rough estimate.Financials
Is PAAN TRADE profitable?
In financial year 2021, PAAN TRADE made a profit of €4,203.
Where can I find the annual accounts of PAAN TRADE?
PAAN TRADE filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2021.Annual accounts 2021 (PDF)