PAND

PAND has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,934 and a net result of €48,214. Equity is shrinking by about 19% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 63% of 17,093 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).