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Generated 08-08-2026
Active BE 0787.411.851Private limited company

PANDA GROUP

Tuchthuisstraat 93/03/1 ·1800 Vilvoorde, Belgium· 4 yrs active
Sector: Wholesale trade (46460)
Conclusion Checked

The computed 12-month bankruptcy probability of PANDA GROUP is 2.9% (moderate). The 2024 annual accounts show negative equity (€-4k) and a net result of €-4k. Its solvency ranks better than 23% of 3351 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €-4k
Net result €-4k
Better than sector 23%
Active 4 yrs
Snowflake analysis 5 axes · computed by Checked
Health12Profitability100Solvency43Growth32Stability94
56 / 100

Mixed profile: strong on profitability, weaker on health.

Health 12
Profitability 100
Solvency 43
Growth 32
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.9% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Annual accounts: weaker financial profile +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
12 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 04-08-2025 with the NBB · fiscal year 2024 · micro
€-6k€-4k€-2k€0Operating result 2023: €-2k€-2kNet result 2023: €-2k€-2kOperating result 2024: €-634€-634Net result 2024: €-4k€-4k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -5.7% 25.2%
better than 23% of 3351 sector peers
Net result €-4k €4k
better than 27% of 3338 sector peers
Equity €-4k €23k
better than 22% of 3358 sector peers
Gross operating margin €316 €19k
better than 26% of 3324 sector peers
Total assets €69k €105k
better than 38% of 3356 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-525
- far below sector median
Net profit
€-4k
-96.0% far below sector median
Cash flow
€-4k
- far below sector median
Total assets
€69k
+1122.1% -95% vs sector
Equity
€-4k
- far below sector median
Working capital
€-6k
- far below sector median
Debt
€72k
+1275.5% -90% vs sector
Debt ≤ 1y
€72k
+1275.5% -83% vs sector
Current ratio
0.91
-14.2% -51% vs sector
Quick ratio
0.91
-14.2% -43% vs sector
Solvency
-5.7%
- far below sector median
Debt / equity
-18.66
- far below sector median
ROE
108.8%
- far above sector median
ROA
-6.2%
+84.0% far below sector median
Interest coverage
-0.14
- far below sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€-525
Net profit€-4k
Cash flow€-4k
Staff costs-
Income taxes-
Dividends-
Total assets€69k
Equity€-4k
Debt€72k
of which ≤ 1y€72k
of which > 1y-
Working capital€-6k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.91
Quick ratio0.91
Working capital ratio-9.1%
Solvency-5.7%
Debt / equity-18.66
Long-term debt ratio-
Interest coverage-0.14
Gross margin-
Net margin-
ROA-6.2%
ROE108.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€69k
Fixed assets 21/28€2k
Tangible fixed assets 22/27€2k
Current assets 29/58€66k
Amounts receivable within one year 40/41€55k
Cash & bank 54/58€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€69k
Equity 10/15€-4k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€-6k
Amounts payable 17/49€72k
Amounts payable within one year 42/48€72k
Trade debts payable within one year 44€39k
Income statement
Gross operating margin 9900€316
Operating result 9901€-634
Financial income 75€61
Financial charges 65€4k
Result before taxes 9903€-4k
Net result for the period 9904€-4k
Result to be appropriated 9905€-4k
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Ratios computed by Checked.
Legal Structure
NACE primary Wholesale trade(46460)
Legal form Private limited company(610)
Incorporation20-06-2022
StatusActive
Postal code1800
Establishment units 1 location
POLYMED
Tuchthuisstraat 93, 1800 VilvoordeGroothandel in farmaceutische en medische artikelen
since 20222.332.359.060
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23642D0909/00V027 Flanders 1,798 m² 1 · 120 m² 6.2 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
04-08-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
29-07-2025
State Gazette act Minor change
Statutes change · Wouter Vandenbosch
2024
08-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
29-07-2025 Publication in the Belgian Official Gazette, Minor change Minor change·Wouter Vandenbosch
Summary: Statutes changeNotary: Wouter Vandenbosch · Vilvoorde
Technical details 
{
  "notary": {
    "name": "Wouter Vandenbosch",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Vilvoorde",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-07-29",
    "filing_date": "2025-07-25",
    "act_kind_objet": "BENAMING"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2025-07-09",
    "unanimous": null
  },
  "agm_change": null,
  "detected_kind": "statutes_change",
  "other_address": null,
  "mandate_renewal": null,
  "subject_company": {
    "kbo": "0787.411.851",
    "name_full": "POLYMED",
    "legal_form": "BV"
  },
  "accounts_deposit": null,
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null
  },
  "co_filed_documents": [
    "uitgifte van de akte"
  ],
  "fiscal_year_change": null,
  "liquidation_closure": null,
  "officer_designation": null,
  "special_procuration": null,
  "is_volet_a_only_stub": false,
  "vakbekwaamheid_change": null,
  "should_reroute_to_category": null,
  "single_shareholder_declaration": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Groothandel in farmaceutische producten46460Groothandel in farmaceutische en medische artikelen46460Groothandel in reinigingsmiddelen46442Groothandel in papier- en kartonwaren46493Detailhandel in medische en orthopedische artikelen in gespecialiseerde winkels47740Detailhandel in medische en orthopedische artikelen, muv corrigerende brillen, lenzen en zonnebrillen47741
Primary activity highlighted.
Names & trade names
Legal nameNL PANDA GROUP
Registered office
Tuchthuisstraat 93/03/1
1800 Vilvoorde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative