PAND 113
ActivePAND 113 has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €19k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 72% of 13071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
98
/ 100
Excellent▲ +20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency92▼-8
Growth58▲+6
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 2.01 in 2024), and 44.4% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.6%
Return on assets
22.8%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
33 d early
2023
33 d early
2022
30 d early
2021
37 d early
2020
35 d early
2019
47 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▼ 9.8%
2024 · €50k
2018: €48k
2019: €51k
2020: €63k
2021: €64k
2022: €64k
2023: €51k
2024: €50k
2018 → 2025
Total assets
€82k▲ 13.9%
2024 · €72k
2018: €161k
2019: €144k
2020: €198k
2021: €175k
2022: €140k
2023: €98k
2024: €72k
2018 → 2025
Net result
€19k
2024 · €-1k
2018: €5k
2019: €3k
2020: €24k
2021: €23k
2022: €-261
2023: €-8k
2024: €-1k
2018 → 2025
Working capital
€28k▲ 34.5%
2024 · €21k
2018: €27k
2019: €24k
2020: €39k
2021: €36k
2022: €31k
2023: €14k
2024: €21k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€64k▼ 0.4%€51k▼ 19.3%€50k▼ 2.1%€45k▼ 9.8%
Operating result€35k-€6k▼ 83.0%€-5k€4k€28k▲ 539%
Net result€23k-€-261€-8k▼ 2,821%€-1k▲ 85.5%€19k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 539% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€17k▼ 42.3%
Current assets
€64k▲ 54.9%
Equity and liabilities €82k
Equity
€45k▼ 9.8%
Debt
€36k▲ 69.9%
The debt ratio rises from 29.8% to 44.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€43k▲
2024 · €25k
Cash flow
€33k▲
2024 · €20k
Solvency
55.6%▼
2024 · 70.2%
Current ratio
1.77▼
2024 · 2.01
Quick ratio
1.54▼
2024 · 1.63
Debt / equity
0.80▲
2024 · 0.42
ROE
40.9%▲
2024 · -2.2%
ROA
22.8%▲
2024 · -1.5%
Interest coverage
11.03▲
2024 · 6.39
Debt
€36k▲
2024 · €21k
Debt ≤ 1 year
€36k▲
2024 · €21k
Income taxes
€6k▲
2024 · €2k
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€72k€82k▲
Fixed assets21/28€30k€17k▼
Intangible fixed assets21€6k€3k▼
Tangible fixed assets22/27€23k€13k▼
Plant, machinery and equipment23€17k€11k▼
Furniture and vehicles24€5k€2k▼
Financial fixed assets28€2k€2k▼
Current assets29/58€41k€64k▲
Stocks and contracts in progress3€8k€9k▲
Stocks30/36€8k€9k▲
Amounts receivable within one year40/41€9k€23k▲
Trade receivables40€0-
Other amounts receivable41€9k€23k▲
Cash at bank and in hand54/58€25k€32k▲
Deferred charges and accrued income490/1€173€521▲
Equity and liabilities
Total equity and liabilities10/49€72k€82k▲
Equity10/15€50k€45k▼
Contributions10/11€18k€18k=
Reserves13€48k€25k▼
Distributable reserves133€48k€25k▼
Profit (loss) carried forward14€-16k€3k▲
Amounts payable17/49€21k€36k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€21k€36k▲
Financial debts43€11k€0▼
Credit institutions430/8€11k€0▼
Trade debts44€6k€10k▲
Suppliers440/4€6k€10k▲
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Other amounts payable47/48€0€24k▲
Accrued charges and deferred income492/3€684€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€15k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€27k€44k▲
Operating profit (loss)9901€4k€28k▲
Financial income75/76B€402€770▲
Recurring financial income75€402€770▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€824€25k▲
Income taxes67/77€2k€6k▲
Profit (loss) for the period9904€-1k€19k▲
Profit (loss) for the period to be appropriated9905€-1k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€3k▲
Profit (loss) brought forward from the previous period14P€-15k€-16k▼
Transfer from equity791/2€0€24k▲
Profit to be distributed694/7€0€24k▲
Return on contributions (dividend)694€0€24k▲
The notes to these accounts (14 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €19k
Net result €19k after 3 loss-making years.
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €24k ▲627%
Net result €24k, the highest in the series.
14-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, De Haan · 1 establishment unit since 2011
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.
Molenstraat 368420 De HaanGround area
1,661 m²
Building footprint
494 m²
Volume, LiDAR
4,126 m³
2 parcels, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
B.A.Z. Bistro aan zee
since 20112.198.165.993
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007A0010/00D016 | Flanders | 891 m² | 1 · 340 m² | 15.0 m · 4 fl. |
| 35007D0182/00F013 | Flanders | 770 m² | 1 · 154 m² | 7.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteDe Haan2.198.165.993
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Of 20,231 companies in sector 56111 we hold annual accounts for 11,313. 9,669 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2011
Fiscal year end30-09
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56220Contract catering and other food service activities
56290Food and beverage service activities
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.