Financials
- Fiscal year
- 2024
- Total assets
- €211,806
- Profit
- €6,762
- Solvency
- 50.0%
Total assets▼ 20.3%
Net result
20182024
PAND 19
ActiveSummary
The computed 12-month bankruptcy probability of PAND 19 is 3.3% (moderate). The 2024 annual accounts show equity of €105,825 and a net result of €6,762. Equity is growing by ~72.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 18968 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Full-service restaurants
NACE 56111NACE 55301Full-service restaurants NACE 56101
1 site
Size
€211,806total assets 2024
- Equity
- €105,825
- Profit
- €6,762
Turnover not published (abridged schema)
Structure
Accounts 66 d overdue0 of 2 deeds read
Why 50- Figures for FY 2024 (filed 25-11-2025)- 1 financial year not filed after the legal deadline; latest accounts 117 days late; 3 of the last 3 late- Sector Food and beverage service activities (NACE 56)+ Founded in 2002Show the evidence
Checked score
Score 2024
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 48% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
75+2
equity 50.0% of total assets
Liquidity
50-11
short-term debt 24.6% · cash 7.1%
Profitability
73-22
return on assets 3.2%
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.9%
12-2024: 0.9%● 0.0% vs 11-2024
01-2025: 0.9%▼ -1.7% vs 12-2024
02-2025: 0.9%● 0.0% vs 01-2025
03-2025: 0.9%▼ -0.9% vs 02-2025
04-2025: 0.9%▼ -0.1% vs 03-2025
05-2025: 0.9%▼ -0.6% vs 04-2025
06-2025: 0.8%▼ -4.2% vs 05-2025lowest value
07-2025: 0.9%▲ +10.4% vs 06-2025
08-2025: 1.1%▲ +24.4% vs 07-2025
09-2025: 1.3%▲ +12.6% vs 08-2025
10-2025: 1.6%▲ +27.3% vs 09-2025
11-2025: 1.7%▲ +6.1% vs 10-2025
12-2025: 2.0%▲ +16.1% vs 11-2025
01-2026: 2.0%▼ -1.5% vs 12-2025
02-2026: 2.0%● 0.0% vs 01-2026
03-2026: 2.0%▼ -0.7% vs 02-2026
04-2026: 2.0%▼ -0.1% vs 03-2026
05-2026: 1.8%▼ -7.1% vs 04-2026
06-2026: 1.7%▼ -5.4% vs 05-2026
07-2026: 1.8%▲ +2.0% vs 06-2026
08-2026: 2.4%▲ +33.4% vs 07-2026
09-2026: 2.6%▲ +9.7% vs 08-2026
10-2026: 3.3%▲ +26.7% vs 09-2026highest value
- Figures for FY 2024 (filed 25-11-2025) raises the probability
- Founded in 2002 lowers the probability for this profile
- 1 financial year not filed after the legal deadline; latest accounts 117 days late; 3 of the last 3 late raises the probability
- Sector Food and beverage service activities (NACE 56) raises the probability
Credit up to €5,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.27 against 1.67 in 2023; short-term debt: 24.6% and cash: 7.1% of total assets), and 50% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 68%, liquidity 46%, profitability 54%, growth against the median 26%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-11-2025, 117 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
117 d late
2023
91 d late
2022
66 d late
2021
71 d late
2020
52 d late
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 74 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet €6,762 ▼87.9%
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2016
- 25-11-2025Annual accounts filed
- 31-12-2024Weakest financial year
- 30-10-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Full-service restaurantsNACE 56111
- Founded
- 19-06-2002
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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