PAN'S
ActiveThe computed 12-month bankruptcy probability of PAN'S is 2.4% (moderate). The 2025 annual accounts show equity of €112k and a net result of €-7k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 95% of 13306 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▼-53
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 5.37 against 2.48 in 2024; short-term debt: 3.3% and cash: 1% of total assets), and 3.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
79 d late
2022
79 d late
2021
444 d late
2020
809 d late
2019
73 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€568k
EBIT margin
10.6%
Net result
€-7k
2024 · €2k
2018: €59k
2019: €52k
2020: €14k
2021: €-8k
2022: €-10k
2023: €26k
2024: €2k
2018 → 2025
Working capital
€17k▼ 8.8%
2024 · €19k
2018: €15k
2019: €43k
2020: €38k
2021: €12k
2022: €-17k
2023: €11k
2024: €19k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€100k-€90k▼ 9.8%€117k▲ 29.0%€119k▲ 2.0%€112k▼ 5.8%
Operating result€5k-€-7k€31k€8k▼ 75.0%€-5k
Net result€-8k-€-10k▼ 18.4%€26k€2k▼ 90.9%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116k
Fixed assets
€95k▼ 5.2%
Current assets
€21k▼ 33.2%
Equity and liabilities €116k
Equity
€112k▼ 5.8%
Debt
€4k▼ 69.2%
The debt ratio falls from 9.5% to 3.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€212▼
2024 · €13k
Cash flow
€-2k▼
2024 · €8k
Solvency
96.7%▲
2024 · 90.5%
Current ratio
5.37▲
2024 · 2.48
Quick ratio
2.55▲
2024 · 1.61
Debt / equity
0.03▼
2024 · 0.11
ROE
-6.1%▼
2024 · 2.0%
ROA
-5.9%▼
2024 · 1.8%
Interest coverage
0.82▼
2024 · 6.09
Debt
€4k▼
2024 · €13k
Debt ≤ 1 year
€4k▼
2024 · €13k
Income taxes
€2k▼
2024 · €3k
Staff costs
€38▼
2024 · €14k
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€131k€116k▼
Fixed assets21/28€100k€95k▼
Tangible fixed assets22/27€98k€93k▼
Land and buildings22€97k€92k▼
Plant, machinery and equipment23€1k€446▼
Furniture and vehicles24-€117
Other tangible fixed assets26€270€135▼
Financial fixed assets28€2k€2k=
Current assets29/58€31k€21k▼
Stocks and contracts in progress3€11k€11k=
Stocks30/36€11k€11k=
Amounts receivable within one year40/41€12k€9k▼
Trade receivables40€12k€8k▼
Other amounts receivable41-€1k
Cash at bank and in hand54/58€9k€1k▼
Equity and liabilities
Total equity and liabilities10/49€131k€116k▼
Equity10/15€119k€112k▼
Contributions10/11€19k€19k=
Reserves13€22k€22k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€79k€72k▼
Amounts payable17/49€13k€4k▼
Amounts payable within one year42/48€13k€4k▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€9k€1k▼
Taxes450/3€7k€1k▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€311-
Income statement
Code20242025
Remuneration, social security and pensions62€14k€38▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€3k€9k▲
Gross operating margin9900€30k€9k▼
Operating profit (loss)9901€8k€-5k▼
Financial charges65/66B€2k€257▼
Recurring financial charges65€2k€257▼
Profit (loss) for the period before taxes9903€6k€-5k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€2k€-7k▼
Profit (loss) for the period to be appropriated9905€2k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€79k€72k▼
Profit (loss) brought forward from the previous period14P€76k€79k▲
The notes to these accounts (7 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 5.37
Current ratio from 2.48 to 5.37; short-term debt falls from €13k to €4k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 79 days late
2023
31-12
Financial
Back to profitnet €26k
Net result €26k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.63
Current ratio from 0.71 to 1.63; short-term debt falls from €61k to €18k.
31-12
Financial
Equity above €100kEq €117k ▲29%
Equity rises from €90k to €117k.
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 79 days late
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 444 days late
18-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 809 days late
2022
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 175 days late
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 533 days late
2019
31-12
Financial
Equity above €100kEq €112k ▲12.3%
2 profitable years in a row build equity to €112k.
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 2017
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.
Elsense Steenweg 3311050 ElseneGround area
118 m²
Building footprint
113 m²
Volume, LiDAR
1,104 m³
Parcel 21444B0010/00X009, Brussels · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Poki Poké
since 20172.268.625.310
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0010/00X009 | Brussels | 117 m² | 1 · 113 m² | 16.0 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.268.625.310
Similar companies · same sector, comparable size
LES HALLES
BE 0436.568.888
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KUNWAR
BE 0729.969.540
Bierbeek · Eq €112k
Nieuw Diamant
BE 0700.283.778
Antwerpen · Eq €112k
DELICES D’ASIE DE MONS
BE 0774.580.236
Mons · Eq €112k
CRIS & CO
BE 0466.653.637
Jette · Eq €112k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,440 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-10-2003
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
55522
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:02/7052214