Full dossier in preparation
Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Process with priority
Sign in free to move this company to the front.
Age3 yrs
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of PANA MANAGEMENT is 2.1% (moderate). The 2024 annual accounts show equity of €14k and a net result of €9k. Its solvency ranks better than 38% of 963 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Filing behaviour
From the deposit records, complete market-wideFiled after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 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.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2024 | 31-07-2025 | 19-08-2025 | 19 d late | 2025-00389441 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.1%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€9k
Working capital€-26k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 19-08-2025 with the NBB · fiscal year 2024 · verkort
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 17.0% | 27.4% | |
| Net result | €9k | €24k | |
| Equity | €14k | €172k | |
| Gross operating margin | €30k | €174k | |
| Total assets | €84k | €859k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €28k |
| Net profit | €9k |
| Cash flow | €22k |
| Staff costs | - |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €84k |
| Equity | €14k |
| Debt | €70k |
| of which ≤ 1y | €70k |
| of which > 1y | - |
| Working capital | €-26k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.63 |
| Quick ratio | 0.63 |
| Working capital ratio | -31.1% |
| Solvency | 17.0% |
| Debt / equity | 4.88 |
| Long-term debt ratio | - |
| Interest coverage | 10.22 |
| Gross margin | - |
| Net margin | - |
| ROA | 11.1% |
| ROE | 65.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €84k |
| Fixed assets | 21/28 | €41k |
| Tangible fixed assets | 22/27 | €41k |
| Current assets | 29/58 | €44k |
| Amounts receivable within one year | 40/41 | €42k |
| Cash & bank | 54/58 | €656 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €84k |
| Equity | 10/15 | €14k |
| Contributions / capital | 10/11 | €5k |
| Reserves | 13 | €9k |
| Amounts payable | 17/49 | €70k |
| Amounts payable within one year | 42/48 | €70k |
| Trade debts payable within one year | 44 | €842 |
| Income statement | ||
| Gross operating margin | 9900 | €30k |
| Operating result | 9901 | €15k |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €12k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €9k |
| Result to be appropriated | 9905 | €9k |
Ratios computed by Checked.
Health barometer
FY 2024 · computed48
/ 100
Fair
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Gulden Vliesstraat 88300 Knokke-HeistEstablishment units
1 locationMAX
since 20232.348.107.704
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 2 years ago
2023
28-11-2023 Publication in the Belgian Official Gazette, Minor change
Summary:
Fiscal year changeNotary:
Lien Galle · KortrijkFirm:
Notaris Lien Galle
Analysis
Snowflake analysis
financial profile on 5 axes60
/ 100
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
48
Profitability
100
Solvency
14
Growth
-
Stability
79
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorBE 1004.821.020 · Anzegem
BE 0762.462.461 · Moorslede
BE 0798.719.180 · Antwerpen
BE 0770.242.950 · Morlanwelz
BE 1007.551.866 · Seraing
We hold annual accounts for 436 of the 4,435 companies in this sector. 325 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Handelsbemiddeling gespecialiseerd in andere goederen46180Handelsbemiddeling in de groothandel in andere specifieke goederen46180Holdings64200Activiteiten van holdings64210Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Markt- en opinieonderzoekbureaus73200Markt- en opinieonderzoek73200Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Overige sportactiviteiten, n.e.g.93199Overige sportactiviteiten, neg93199
Primary activity highlighted.
Names & trade names
| Legal nameNL | PANA MANAGEMENT |
Registered office
Gulden Vliesstraat 8 bus 41
8300 Knokke-Heist, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.