PANDA GARDENS

Active

Private limited companyfounded 20205 yrs activeIndustriestraat 5, 2500 Lier, BelgiumKBO/BCE: BE 0760.371.023

The computed 12-month bankruptcy probability of PANDA GARDENS is 3.3% (moderate). The annual accounts of PANDA GARDENS for fiscal year 2024 show a net loss of 69% of the equity at the start of that year. The 2024 annual accounts show equity of €15k and a net result of €-33k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 5895 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

29 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-93

Solvency44▼-27

Growth52▼-26

Track record94

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity short (current ratio 0.85 against 1.4 in 2023; short-term debt: 63.7% and cash: 10.6% of total assets), and 80.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

19.3%

Return on assets

-42.3%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

36 d early

2023

1 d early

2022

39 d early

2021

17 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€15k▼ 68.6%

2023 · €48k

2021: €-6k 2022: €28k 2023: €48k

2021 → 2024

Total assets

€77k▼ 25.2%

2023 · €103k

2021: €55k 2022: €72k 2023: €103k

2021 → 2024

Net result

€-33k

2023 · €20k

2021: €-26k 2022: €33k 2023: €20k

2021 → 2024

Working capital

€-7k

2023 · €22k

2021: €5k 2022: €10k 2023: €22k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€-6k-€28k€48k▲ 72.9%€15k▼ 68.6%

Operating result€-23k-€37k€27k▼ 26.6%€-30k

Net result€-26k-€33k€20k▼ 39.4%€-33k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €30k after €27k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €77k

45.9%

54.1%

Fixed assets €36k▲ 35.6%

Current assets €42k▼ 45.8%

Equity and liabilities €77k

19.3%

80.7%

Equity €15k▼ 68.6%

Debt €62k▲ 11.9%

The debt ratio rises from 54.0% to 80.7%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-23k▼

2023 · €33k

Cash flow

€-25k▼

2023 · €26k

Solvency

19.3%▼

2023 · 46.0%

Current ratio

0.85▼

2023 · 1.40

Quick ratio

0.36▼

2023 · 0.83

Debt / equity

4.18▲

2023 · 1.17

ROE

-218.9%▼

2023 · 42.2%

ROA

-42.3%▼

2023 · 19.4%

Interest coverage

-9.66▼

2023 · 23.15

Debt

€62k▲

2023 · €56k

Debt ≤ 1 year

€49k▼

2023 · €55k

Debt > 1 year

€12k▲

2023 · €0

Income taxes

€0▼

2023 · €8k

Staff costs

€80k▲

2023 · €21k

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€103k€77k▼

Fixed assets21/28€26k€36k▲

Intangible fixed assets21€2k€744▼

Tangible fixed assets22/27€18k€29k▲

Plant, machinery and equipment23€9k€7k▼

Furniture and vehicles24€10k€22k▲

Financial fixed assets28€6k€6k=

Current assets29/58€77k€42k▼

Stocks and contracts in progress3€32k€24k▼

Stocks30/36€32k€24k▼

Amounts receivable within one year40/41€22k€8k▼

Trade receivables40€22k€4k▼

Other amounts receivable41€0€4k▲

Cash at bank and in hand54/58€22k€8k▼

Deferred charges and accrued income490/1€2k€2k▼

Equity and liabilities

Total equity and liabilities10/49€103k€77k▼

Equity10/15€48k€15k▼

Contributions10/11€20k€20k=

Reserves13€28k€28k=

Distributable reserves133€28k€28k=

Profit (loss) carried forward14-€-33k

Amounts payable17/49€56k€62k▲

Amounts payable after more than one year17€0€12k▲

Financial debts170/4€0€12k▲

Amounts payable within one year42/48€55k€49k▼

Current portion of amounts payable after more than one year42-€4k

Trade debts44€4k€5k▲

Suppliers440/4€4k€5k▲

Advances received on contracts in progress46€3k€0▼

Taxes, remuneration and social security45€21k€19k▼

Taxes450/3€17k€10k▼

Remuneration and social security454/9€4k€9k▲

Other amounts payable47/48€27k€21k▼

Accrued charges and deferred income492/3€773€1k▲

Income statement Code20232024

Remuneration, social security and pensions62€21k€80k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲

Other operating charges640/8€1k€2k▲

Non-recurring operating charges66A-€1k

Gross operating margin9900€55k€60k▲

Operating profit (loss)9901€27k€-30k▼

Financial income75/76B€2k€4▼

Recurring financial income75€2k€4▼

Financial charges65/66B€1k€2k▲

Recurring financial charges65€1k€2k▲

Profit (loss) for the period before taxes9903€28k€-33k▼

Income taxes67/77€8k€0▼

Profit (loss) for the period9904€20k€-33k▼

Profit (loss) for the period to be appropriated9905€20k€-33k▼

Appropriation of the result

Profit (loss) to be appropriated9906€20k€-33k▼

Profit (loss) brought forward from the previous period14P€0-

Transfer to equity691/2€20k€0▼

To other reserves6921€20k€0▼

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

25-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-33k ▼263%

Net result drops to €-33k, the lowest in the series.

30-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

22-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €33k

Net result €33k after one loss-making year.

14-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Lier · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Industriestraat 52500 Lier

Ground area

3,050 m²

Building footprint

1,381 m²

Volume, LiDAR

7,937 m³

Parcel 12392A0444/00K002, Flanders · tallest building 20.4 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

PANDA GARDENS

Industriestraat 5/2D, 2500 LierUrban planning and landscape architecture

since 20202.313.258.671

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12392A0444/00K002	Flanders	3,050 m²	1 · 1,381 m²	20.4 m · 2 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.

Similar companies · same sector, comparable size

MAHIN JOHAN

BE 0784.948.447

Marche-en-Famenne · Eq €15k

DE TUINEN VAN WILLEM BURSSENS

BE 0870.777.413

Lievegem · Eq €15k

Of 21,218 companies in sector 81300 we hold annual accounts for 4,363. 2,877 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded21-12-2020

Fiscal year end31-12

Activities, NACEBEL

43320Joinery installation

81300Landscape service activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.