PAN' BENELUX
ActivePAN' BENELUX has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €11k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 88% of 6994 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+12
Solvency100▲+13
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 9.87 against 2.6 in 2024; short-term debt: 10.1% and cash: 74.8% of total assets), and 10.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.9%
Return on assets
17.3%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
23 d early
2024
23 d early
2023
22 d early
2022
14 d early
2021
23 d late
2020
10 d late
2019
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11k▲ 17.7%
2024 · €9k
2019: €80k
2020: €20k
2021: €-6k
2022: €-5k
2023: €9k
2024: €9k
2019 → 2025
Working capital
€56k▲ 23.9%
2024 · €46k
2019: €-24k
2020: €10k
2021: €16k
2022: €24k
2023: €36k
2024: €46k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€28k▼ 14.6%€36k▲ 31.8%€46k▲ 25.5%€56k▲ 23.9%
Operating result€-5k-€-4k▲ 29.4%€10k€12k▲ 25.2%€15k▲ 21.5%
Net result€-6k-€-5k▲ 26.5%€9k€9k▲ 5.7%€11k▲ 17.7%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €63k
Equity
€56k▲ 23.9%
Debt
€6k▼ 77.7%
The debt ratio falls from 38.5% to 10.1%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
89.9%▲
2024 · 61.5%
Current ratio
9.87▲
2024 · 2.60
Quick ratio
9.87▲
2024 · 2.60
Debt / equity
0.11▼
2024 · 0.63
ROE
19.3%▼
2024 · 20.3%
ROA
17.3%▲
2024 · 12.5%
Debt
€6k▼
2024 · €29k
Debt ≤ 1 year
€6k▼
2024 · €29k
Income taxes
€4k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€74k€63k▼
Formation expenses20€0€0=
Fixed assets21/28€0€0=
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€0€0=
Furniture and vehicles24€0€0=
Current assets29/58€74k€63k▼
Amounts receivable within one year40/41€13k€16k▲
Trade receivables40€9k€16k▲
Other amounts receivable41€5k€0▼
Cash at bank and in hand54/58€59k€47k▼
Deferred charges and accrued income490/1€2k€184▼
Equity and liabilities
Total equity and liabilities10/49€74k€63k▼
Equity10/15€46k€56k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€27k€38k▲
Amounts payable17/49€29k€6k▼
Amounts payable within one year42/48€29k€6k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€29k€5k▼
Suppliers440/4€29k€5k▼
Taxes, remuneration and social security45€0€1k▲
Taxes450/3€0€1k▲
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€56k€71k▲
Gross operating margin9900€12k€15k▲
Operating profit (loss)9901€12k€15k▲
Financial income75/76B€634€39▼
Recurring financial income75€6€39▲
Non-recurring financial income76B€628-
Financial charges65/66B€142€0▼
Recurring financial charges65€142€0▼
Profit (loss) for the period before taxes9903€12k€15k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€9k€11k▲
Profit (loss) for the period to be appropriated9905€9k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€38k▲
Profit (loss) brought forward from the previous period14P€18k€27k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 9.87
Current ratio from 2.60 to 9.87; short-term debt falls from €29k to €6k.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Weakest financial yearnet €-6k ▼132%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Seraing · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Route du Condroz 204100 SeraingGround area
5.1 ha
Building footprint
810 m²
Volume, LiDAR
4,280 m³
Parcel 62019B0066/00F000, Wallonia · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Route du Condroz 20, 4100 Seraing
since 20182.277.890.788
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62019B0066/00F000 | Wallonia | 5.1 ha | 1 · 810 m² | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BON MATIN
BE 0822.940.080
Sint-Lambrechts-Woluwe · Eq €56k
Jumu Consult
BE 1019.129.114
Gent · Eq €57k
Fil Rouge
BE 0896.149.940
Kortrijk · Eq €56k
HX MEDIA
BE 0683.673.420
Gembloux · Eq €57k
Pham Fatale
BE 0664.867.494
Gent · Eq €57k
Of 9,863 companies in sector 73110 we hold annual accounts for 3,754. 3,022 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-05-2018
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.