PANDA MEUBLES
ActivePANDA MEUBLES has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €627k and a net result of €2k. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 4149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▲+32
Solvency65▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 5.34 against 4.77 in 2024; short-term debt: 3.5% and cash: 17.6% of total assets), but 59.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.2%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 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 · 10 filingsDeviation from the deadline
2025
42 d late
2024
75 d late
2023
22 d late
2022
28 d late
2021
30 d late
2020
30 d late
2019
45 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€118k
EBIT margin
18.4%
Net result
€2k
2024 · €-63k
2018: €-74k
2019: €883k
2020: €-50k
2021: €-74k
2022: €-16k
2023: €-427
2024: €-63k
2018 → 2025
Working capital
€236k▲ 8.6%
2024 · €218k
2018: €348k
2019: €1.11M
2020: €616k
2021: €483k
2022: €579k
2023: €302k
2024: €218k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€118k
Equity€687k-€671k▼ 2.3%€671k▼ 0.1%€608k▼ 9.4%€627k▲ 3.1%
Operating result€-84k-€-6k▲ 92.8%€11k€-49k€22k
Net result€-74k-€-16k▲ 78.7%€-427▲ 97.3%€-63k▼ 14,633%€2k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €22k after a loss of €49k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.56M
Fixed assets
€1.27M▼ 4.0%
Current assets
€290k▲ 5.5%
Equity and liabilities €1.56M
Equity
€627k▲ 3.1%
Provisions
€127k▼ 3.4%
Debt
€807k▼ 6.0%
The debt ratio falls from 53.7% to 51.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€74k▲
2024 · €40k
Cash flow
€54k▲
2024 · €26k
Solvency
40.2%▲
2024 · 38.0%
Current ratio
5.34▲
2024 · 4.77
Quick ratio
5.20▲
2024 · 4.64
Debt / equity
1.29▼
2024 · 1.41
ROE
0.3%▲
2024 · -10.3%
ROA
0.1%▲
2024 · -3.9%
Interest coverage
3.26▲
2024 · 2.20
Debt
€807k▼
2024 · €859k
Debt ≤ 1 year
€54k▼
2024 · €58k
Debt > 1 year
€753k▼
2024 · €801k
Income taxes
€2k▲
2024 · €217
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.60M€1.56M▼
Fixed assets21/28€1.32M€1.27M▼
Tangible fixed assets22/27€1.32M€1.27M▼
Land and buildings22€1.20M€1.24M▲
Plant, machinery and equipment23€87k-
Furniture and vehicles24€40k€30k▼
Current assets29/58€275k€290k▲
Stocks and contracts in progress3€8k€8k=
Stocks30/36€8k€8k=
Amounts receivable within one year40/41€7k€8k▲
Trade receivables40€2k€8k▲
Other amounts receivable41€5k-
Cash at bank and in hand54/58€261k€275k▲
Equity and liabilities
Total equity and liabilities10/49€1.60M€1.56M▼
Equity10/15€608k€627k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€546k€565k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€436k€422k▼
Distributable reserves133€104k€137k▲
Provisions and deferred taxes16€131k€127k▼
Deferred taxes168€131k€127k▼
Amounts payable17/49€859k€807k▼
Amounts payable after more than one year17€801k€753k▼
Financial debts170/4€702k€659k▼
Other amounts payable178/9€99k€94k▼
Amounts payable within one year42/48€58k€54k▼
Current portion of amounts payable after more than one year42€42k€43k▲
Financial debts43€4k€4k=
Credit institutions430/8€4k€4k=
Trade debts44€11k-
Suppliers440/4€11k-
Taxes, remuneration and social security45€319€2k▲
Taxes450/3€319€2k▲
Other amounts payable47/48-€5k
Income statement
Code20242025
Turnover70-€118k
Goods, raw materials, services and sundry goods60/61-€38k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89k€52k▼
Other operating charges640/8€11k€6k▼
Gross operating margin9900€51k€80k▲
Operating profit (loss)9901€-49k€22k▲
Financial income75/76B-€241
Recurring financial income75-€241
Financial charges65/66B€18k€23k▲
Recurring financial charges65€18k€23k▲
Non-recurring financial charges66B-€1
Profit (loss) for the period before taxes9903€-67k€-870▲
Transfer from deferred taxes780€5k€5k=
Income taxes67/77€217€2k▲
Profit (loss) for the period9904€-63k€2k▲
Transfer from tax-exempt reserves789€14k€14k=
Profit (loss) for the period to be appropriated9905€-49k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-49k€15k▲
Transfer from equity791/2€49k-
Transfer to equity691/2-€15k
To other reserves6921-€15k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 42 days late
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after 5 loss-making years.
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 75 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Back to profitnet €883k
Net result €883k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 26.61
Current ratio from 11.68 to 26.61.
31-12
Financial
Equity above €500kEq €812k
Equity rises from €-71k to €812k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2011
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-04-2011
Resigned as Director
Location & real-estate footprint
Registered office, Sambreville · 1 establishment unit since 1992
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.
Rue de Claminforge(FAL) 695060 SambrevilleGround area
533 m²
Parcel 92041B0202/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Claminforge(FAL) 69, 5060 Sambreville
since 19922.059.650.983
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92041B0202/00B000 | Wallonia | 533 m² | - | - |
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
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NEXT-TECH
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HOME CONFORT & FILS
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HOMESTORYS
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Etablissementen Vastiau Godeau
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Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 1,175 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-10-1992
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
52441
31002Manufacture of furniture
36130
46494Wholesale of non-electrical household articles
47530Retail trade
47552Retail sale of lighting equipment
47592Retail trade
47789Other retail sale of new goods
51471
52442
52486
52498
Sources
Crossroads Bank for EnterprisesNational Bank · 33 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.