PANADUC
ActiveSummary
PANADUC has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79,347 and a net result of -€8,376. Equity is shrinking by ~5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
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Signals
This company filed its last 7 accounts on average 31 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 (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €318 | €321 | ▲ 1.1% |
| Other operating charges640/8 | €2,222 | €2,178 | €2,392 | €1,945 | €2,913 | ▲ 49.8% |
| Gross operating margin9900 | -€1,728 | -€2,963 | -€3,124 | -€5,533 | -€5,142 | ▲ 7.1% |
| Operating profit (loss)9901 | -€3,950 | -€5,141 | -€5,516 | -€7,796 | -€8,376 | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | -€3,950 | -€5,141 | -€5,516 | -€7,796 | -€8,376 | ▼ 7.4% |
| Profit (loss) for the period9904 | -€3,950 | -€5,141 | -€5,516 | -€7,796 | -€8,376 | ▼ 7.4% |
| Profit (loss) for the period to be appropriated9905 | -€3,950 | -€5,141 | -€5,516 | -€7,796 | -€8,376 | ▼ 7.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106,177 | €101,036 | €95,519 | €96,336 | €96,311 | = |
| Fixed assets21/28 | €81,591 | €81,591 | €81,591 | €84,485 | €84,164 | ▼ 0.4% |
| Tangible fixed assets22/27 | €81,570 | €81,570 | €81,570 | €84,464 | €84,143 | ▼ 0.4% |
| Land and buildings22 | €81,249 | €81,249 | €81,249 | €84,143 | €83,822 | ▼ 0.4% |
| Furniture and vehicles24 | €321 | €321 | €321 | €321 | €321 | = |
| Financial fixed assets28 | €21 | €21 | €21 | €21 | €21 | = |
| Current assets29/58 | €24,587 | €19,445 | €13,929 | €11,852 | €12,148 | ▲ 2.5% |
| Amounts receivable within one year40/41 | €23,053 | €17,862 | €12,169 | €9,874 | €9,874 | = |
| Other amounts receivable41 | €23,053 | €17,862 | €12,169 | €9,874 | €9,874 | = |
| Deferred charges and accrued income490/1 | €1,534 | €1,583 | €1,760 | €1,978 | €2,274 | ▲ 15.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106,177 | €101,036 | €95,519 | €96,336 | €96,311 | = |
| Equity10/15 | €106,177 | €101,036 | €95,519 | €87,723 | €79,347 | ▼ 9.5% |
| Contributions10/11 | €73,129 | €73,129 | €73,129 | €73,129 | €73,129 | = |
| Capital10 | €73,129 | €73,129 | €73,129 | €73,129 | €73,129 | = |
| Issued capital100 | €73,129 | €73,129 | €73,129 | €73,129 | €73,129 | = |
| Reserves13 | €7,313 | €7,313 | €7,313 | €7,313 | €7,313 | = |
| Non-distributable reserves130/1 | €7,313 | €7,313 | €7,313 | €7,313 | €7,313 | = |
| Legal reserve130 | €7,313 | €7,313 | €7,313 | €7,313 | €7,313 | = |
| Profit (loss) carried forward14 | €25,736 | €20,594 | €15,078 | €7,282 | -€1,094 | ▼ 115% |
| Amounts payable17/49 | - | - | - | €8,613 | €16,964 | ▲ 97.0% |
| Amounts payable within one year42/48 | - | - | - | €8,613 | €16,964 | ▲ 97.0% |
| Other amounts payable47/48 | - | - | - | €8,613 | €16,964 | ▲ 97.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,950 | -€5,141 | -€5,516 | -€7,796 | -€8,376 | ▼ 7.4% |
| + Depreciation and write-downs630 | - | - | - | €318 | €321 | ▲ 1.1% |
| Operating cash flow (approximation) | -€3,950 | -€5,141 | -€5,516 | -€7,478 | -€8,055 | ▼ 7.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,212 | €0 | ▲ 100% |
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
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31008I0022/00A000 | Flanders | 333 m² | 1 · 333 m² | 19.3 m · 5 fl. |
Linked by address, not proof of ownership
Identification & contact
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
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