Summary
The computed 12-month bankruptcy probability of Panda Express is 2.6% (moderate). The 2021 annual accounts show equity of €38k and a net result of €18k. Its solvency ranks better than 86% of 14992 sector peers (fiscal year 2021). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Axes, FY 2021
Profitability100
Solvency99
Growth-
Track record79
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
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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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 2021Solvency, return and age of the figures
Solvency
74%
Return on assets
34.8%
Age of the figures
57 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-08-2022, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2021
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2021, micro schema
Equity
€38k
Total assets
€51k
Net result
€18k
Working capital
€16k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €51k
Fixed assets
€21k
Current assets
€30k
Equity and liabilities €51k
Equity
€38k
Debt
€13k
Debt finances 26.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€25k
Cash flow
€20k
Current ratio
2.23
Quick ratio
1.90
Debt to equity
0.35
ROE
47.0%
ROA
34.8%
Interest coverage
117.63
Debt ≤ 1 year
€13k
Income taxes
€5k
Staff costs
€16k
Annual accounts
| Line | 2021 |
|---|---|
| Remuneration, social security and pensions62 | €16k |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k |
| Other operating charges640/8 | €3k |
| Gross operating margin9900 | €44k |
| Operating profit (loss)9901 | €23k |
| Financial charges65/66B | €216 |
| Recurring financial charges65 | €216 |
| Profit (loss) for the period before taxes9903 | €23k |
| Income taxes67/77 | €5k |
| Profit (loss) for the period9904 | €18k |
| Profit (loss) for the period to be appropriated9905 | €18k |
| Line | 2021 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €51k | |
| Fixed assets21/28 | €21k | |
| Tangible fixed assets22/27 | €18k | |
| Furniture and vehicles24 | €3k | |
| Other tangible fixed assets26 | €15k | |
| Financial fixed assets28 | €3k | |
| Current assets29/58 | €30k | |
| Amounts receivable after more than one year29 | €14k | |
| Other amounts receivable291 | €14k | |
| Stocks and contracts in progress3 | €4k | |
| Stocks30/36 | €4k | |
| Amounts receivable within one year40/41 | €1k | |
| Other amounts receivable41 | €1k | |
| Cash at bank and in hand54/58 | €10k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €51k | |
| Equity10/15 | €38k | |
| Contributions10/11 | €20k | |
| Reserves13 | €10k | |
| Distributable reserves133 | €10k | |
| Profit (loss) carried forward14 | €8k | |
| Amounts payable17/49 | €13k | |
| Amounts payable within one year42/48 | €13k | |
| Trade debts44 | €5k | |
| Suppliers440/4 | €5k | |
| Taxes, remuneration and social security45 | €8k | |
| Taxes450/3 | €7k | |
| Remuneration and social security454/9 | €1k | |
| Line | 2021 |
|---|---|
| Profit (loss) for the period9904 | €18k |
| + Depreciation and write-downs630 | €2k |
| Operating cash flow (approximation) | €20k |
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
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Binche · 1 establishment unit since 2021
Ground area
143 m²
Building footprint
66 m²
Volume, LiDAR
944 m³
Parcel 56011B0825/00C000, Wallonia · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Panda Express
since 20212.312.192.562
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56011B0825/00C000 | Wallonia | 143 m² | 1 · 65 m² | 16.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBinche2.312.192.562
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Of 7,501 companies in sector 56210 we hold annual accounts for 2,448. 1,998 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formGeneral partnership
Founded04-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
pandaexpress.binche@hotmail.com
Phone
+3264332656
Phone
064332656Binche
Scores and ratios are computed by Checked and are not a credit decision.