Pand22
ActiveThe computed 12-month bankruptcy probability of Pand22 is 5.0% (elevated). The 2024 annual accounts show equity of €22k and a net result of €12k. Equity is growing by ~50.8% per year across the filed fiscal years. Its solvency ranks better than 87% of 726 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+88
Solvency100=
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 4.09 against 4.72 in 2023; short-term debt: 24.4% and cash: 74.3% of total assets), and 24.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 53
Relative position
BE, all sectors
reference
Sector 53
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
75.6%
Return on assets
42.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-03-2025, 142 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
142 d early
2023
29 d early
2022
42 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€22k▲ 128%
2023 · €10k
2022: €11k
2023: €10k
2022 → 2024
Total assets
€29k▲ 138%
2023 · €12k
2022: €14k
2023: €12k
2022 → 2024
Net result
€12k
2023 · €-1k
2022: €871
2023: €-1k
2022 → 2024
Working capital
€22k▲ 128%
2023 · €10k
2022: €-421
2023: €10k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€11k-€10k▼ 11.6%€22k▲ 128%
Operating result€1k-€-999€15k
Net result€871-€-1k€12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €15k after a loss of €999 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €29k
Equity
€22k▲ 128%
Debt
€7k▲ 174%
The debt ratio rises from 21.2% to 24.4%. Equity and debt are higher.
Key figures and ratios
Solvency
75.6%▼
2023 · 78.8%
Current ratio
4.09▼
2023 · 4.72
Quick ratio
4.09▼
2023 · 4.72
Debt / equity
0.32▲
2023 · 0.27
ROE
56.1%▲
2023 · -13.1%
ROA
42.4%▲
2023 · -10.3%
Debt
€7k▲
2023 · €3k
Debt ≤ 1 year
€7k▲
2023 · €3k
Income taxes
€3k▲
2023 · €10
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€12k€29k▲
Current assets29/58€12k€29k▲
Amounts receivable within one year40/41€11k€7k▼
Trade receivables40€11k€6k▼
Other amounts receivable41€148€2k▲
Cash at bank and in hand54/58€1k€22k▲
Equity and liabilities
Total equity and liabilities10/49€12k€29k▲
Equity10/15€10k€22k▲
Contributions10/11€10k€10k=
Outside capital11€10k€10k=
Other1109/19€10k€10k=
Profit (loss) carried forward14€-386€12k▲
Amounts payable17/49€3k€7k▲
Amounts payable within one year42/48€3k€7k▲
Trade debts44-€715
Suppliers440/4-€715
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€3k€6k▲
Income statement
Code20232024
Other operating charges640/8€545€831▲
Non-recurring operating charges66A€11k-
Gross operating margin9900€11k€16k▲
Operating profit (loss)9901€-999€15k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€248€274▲
Recurring financial charges65€248€274▲
Profit (loss) for the period before taxes9903€-1k€15k▲
Income taxes67/77€10€3k▲
Profit (loss) for the period9904€-1k€12k▲
Profit (loss) for the period to be appropriated9905€-1k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-386€12k▲
Profit (loss) brought forward from the previous period14P€871€-386▼
Timeline · acts, filings and financial milestones
2025
11-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-1k ▼244%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 4.72
Current ratio from 0.87 to 4.72; short-term debt falls from €3k to €3k.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Mechelen · 1 establishment unit since 2023
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.
Pennepoelstraat 292800 MechelenGround area
220 m²
Building footprint
107 m²
Volume, LiDAR
913 m³
Parcel 12402B0324/00V005, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pand22
since 20232.351.214.870
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0324/00V005 | Flanders | 220 m² | 1 · 107 m² | 13.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 4,917 companies in sector 53200 we hold annual accounts for 1,330. 1,075 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2021
Fiscal year end31-12
Activities, NACEBEL
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.