PAN PROJECT
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 151 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 09-04-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
21 d early
2023
1 d early
2022
2 d early
2021
2 d early
2020
on the day
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 6 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€64,999
2023 · -€162,941
Total assets
€664,291▲ 50.8%
2023 · €440,656
Net result
€227,940
2023 · -€4,414
Working capital
€65,383
2023 · -€67,992
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€2,295▲ 32.7%-€2,559▼ 11.5%-€12,764▼ 399%-€4,363▲ 65.8%-€4,068▲ 6.8%
Net result-€6,898▲ 5.7%-€4,886▲ 29.2%-€12,983▼ 166%-€4,414▲ 66.0%€227,940
Equity-€140,658▼ 5.2%-€145,544▼ 3.5%-€158,527▼ 8.9%-€162,941▼ 2.8%€64,999
Total assets€502,934▼ 5.0%€436,364▼ 13.2%€444,805▲ 1.9%€440,656▼ 0.9%€664,291▲ 50.8%
Debt€643,592▼ 2.9%€581,908▼ 9.6%€603,332▲ 3.7%€603,597=€599,293▼ 0.7%
Working capital-€62,979▼ 85.4%-€200,857▼ 219%-€63,607▲ 68.3%-€67,992▼ 6.9%€65,383
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,068 in 2024 against €4,363 in 2023; the loss shrinks.
Balance-sheet composition
Equity and liabilities €664,291
Equity
€64,999
Debt
€599,293
Debt finances 90.2% of the balance-sheet total.
Key figures and ratios
Current ratio
1.11▲
2023 · 0.14
Debt to equity
9.22▲
2023 · -3.70
ROE
350.7%
ROA
34.3%▲
2023 · -1.0%
Debt ≤ 1 year
€598,908▲
2023 · €78,724
Debt > 1 year
€0▼
2023 · €524,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €459 | €10,792 | €489 | €510 | ▲ 4.3% |
| Gross operating margin9900 | -€1,838 | -€2,101 | -€1,972 | -€3,873 | -€3,558 | ▲ 8.1% |
| Operating profit (loss)9901 | -€2,295 | -€2,559 | -€12,764 | -€4,363 | -€4,068 | ▲ 6.8% |
| Financial income75/76B | - | - | - | - | €232,072 | - |
| Recurring financial income75 | - | - | - | - | €232,072 | - |
| Non-recurring financial income76B | - | - | - | - | €232,072 | - |
| Financial charges65/66B | - | €2,327 | €219 | €52 | €64 | ▲ 24.0% |
| Recurring financial charges65 | €4,603 | €2,327 | €219 | €52 | €64 | ▲ 24.0% |
| Profit (loss) for the period before taxes9903 | -€6,898 | -€4,886 | -€12,983 | -€4,414 | €227,940 | ▲ 5,264% |
| Profit (loss) for the period9904 | -€6,898 | -€4,886 | -€12,983 | -€4,414 | €227,940 | ▲ 5,264% |
| Profit (loss) for the period to be appropriated9905 | -€6,898 | -€4,886 | -€12,983 | -€4,414 | €227,940 | ▲ 5,264% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €502,934 | €436,364 | €444,805 | €440,656 | €664,291 | ▲ 50.8% |
| Fixed assets21/28 | €429,924 | €429,924 | €429,924 | €429,924 | €0 | ▼ 100% |
| Financial fixed assets28 | €429,924 | €429,924 | €429,924 | €429,924 | €0 | ▼ 100% |
| Current assets29/58 | €73,010 | €6,440 | €14,881 | €10,732 | €664,291 | ▲ 6,090% |
| Amounts receivable within one year40/41 | €72,788 | €6,250 | €12,609 | €10,630 | €16,335 | ▲ 53.7% |
| Trade receivables40 | - | €0 | - | - | €85 | - |
| Other amounts receivable41 | - | €6,250 | €12,609 | €10,630 | €16,250 | ▲ 52.9% |
| Cash at bank and in hand54/58 | €222 | €190 | €2,272 | €103 | €643,884 | ▲ 628,018% |
| Deferred charges and accrued income490/1 | - | - | - | - | €4,072 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €502,934 | €436,364 | €444,805 | €440,656 | €664,291 | ▲ 50.8% |
| Equity10/15 | -€140,658 | -€145,544 | -€158,527 | -€162,941 | €64,999 | ▲ 140% |
| Contributions10/11 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Outside capital11 | - | €50,000 | €50,000 | - | - | - |
| Share premium1100/10 | - | €50,000 | €0 | - | - | - |
| Other1109/19 | - | - | €50,000 | - | - | - |
| Reserves13 | - | - | - | - | €14,999 | - |
| Distributable reserves133 | - | - | - | - | €14,999 | - |
| Profit (loss) carried forward14 | -€190,658 | -€195,544 | -€208,527 | -€212,941 | €0 | ▲ 100% |
| Amounts payable17/49 | €643,592 | €581,908 | €603,332 | €603,597 | €599,293 | ▼ 0.7% |
| Amounts payable after more than one year17 | €506,000 | €374,500 | €524,500 | €524,500 | €0 | ▼ 100% |
| Financial debts170/4 | - | €374,500 | €524,500 | €524,500 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €135,989 | €207,297 | €78,488 | €78,724 | €598,908 | ▲ 661% |
| Current portion of amounts payable after more than one year42 | - | €101,500 | €0 | - | €524,500 | - |
| Trade debts44 | €2,078 | €1,292 | €0 | €236 | €0 | ▼ 100% |
| Suppliers440/4 | - | €1,292 | €0 | €236 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €1,349 | €0 | - | - | - |
| Taxes450/3 | - | €1,349 | €0 | - | - | - |
| Other amounts payable47/48 | - | €103,157 | €78,488 | €78,488 | €74,408 | ▼ 5.2% |
| Accrued charges and deferred income492/3 | - | €111 | €344 | €374 | €384 | ▲ 2.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,898 | -€4,886 | -€12,983 | -€4,414 | €227,940 | ▲ 5,264% |
| Operating cash flow (approximation) | -€6,898 | -€4,886 | -€12,983 | -€4,414 | €227,940 | ▲ 5,264% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €429,924 | - |
| Change in cash | - | -€32 | €2,082 | -€2,169 | €643,782 | ▲ 29,778% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €227,940
Net result €227,940 after 6 loss-making years.
30-09
Financial
Liquidity times 8current ratio 1.11
Current ratio from 0.14 to 1.11.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet -€12,983
Net result drops to -€12,983, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
21-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2023 list no shareholders, and no other source names one.
Holdings 1
-
99.52%
According to the annual accounts to 30-09-2023 of PAN PROJECT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.