PANDA PRO

Active

Private limited companyfounded 20179 yrs activeElsense Steenweg 126, 1050 Elsene, BelgiumKBO/BCE: BE 0673.931.353

The computed 12-month bankruptcy probability of PANDA PRO is 3.0% (moderate). The 2024 annual accounts show negative equity (€-17k) and a net result of €1k. Equity is shrinking by ~57.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 6593 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

11 / 100

Critical▼ -4 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency36▼-1

Growth32=

Stability100

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.63 against 0.67 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 →

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

-17.5%

Return on assets

1.3%

Age of the figures

20 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 6593 sector peers (2024).

NBB · sector comparison

Position among 6593 sector peers

Solvency

better than 9%

← weakest strongest →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-12-2025, 151 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

151 d late

2023

119 d late

2022

218 d late

2021

92 d late

2020

151 d late

2019

136 d late

← 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, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€1k

2023 · €-11k

2018: €15k 2019: €1k 2020: €-11k 2021: €-18k 2022: €-15k 2023: €-11k

2018 → 2024

Working capital

€-43k▼ 28.0%

2023 · €-33k

2018: €-7k 2019: €2k 2020: €-198 2021: €3k 2022: €-8k 2023: €-33k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€25k-€7k▼ 73.6%€-8k€-19k▼ 136%€-17k▲ 6.7%

Operating result€-10k-€-15k▼ 51.4%€-12k▲ 15.9%€-8k▲ 32.9%€4k

Net result€-11k-€-18k▼ 67.2%€-15k▲ 21.4%€-11k▲ 26.3%€1k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €4k after a loss of €8k in 2023, the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €99k

25.5%

74.5%

Fixed assets €25k▲ 71.9%

Current assets €74k▲ 7.9%

Key figures and ratios

2024 value · change against 2023

EBITDA

€9k▲

2023 · €-5k

Cash flow

€6k▲

2023 · €-7k

Solvency

-17.5%▲

2023 · -22.4%

Current ratio

0.63▼

2023 · 0.67

Quick ratio

0.39▲

2023 · 0.30

Debt / equity

-6.71▼

2023 · -5.47

ROE

-7.2%▼

2023 · 57.6%

ROA

1.3%▲

2023 · -12.9%

Interest coverage

2.93▲

2023 · -1.96

Debt

€116k▲

2023 · €102k

Debt ≤ 1 year

€116k▲

2023 · €102k

Staff costs

€41k▲

2023 · €77

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€83k€99k▲

Fixed assets21/28€15k€25k▲

Tangible fixed assets22/27€3k€14k▲

Plant, machinery and equipment23€1k€14k▲

Furniture and vehicles24€2k€184▼

Financial fixed assets28€11k€11k=

Current assets29/58€68k€74k▲

Stocks and contracts in progress3€38k€28k▼

Stocks30/36€38k€28k▼

Amounts receivable within one year40/41€26k€23k▼

Trade receivables40€25k€18k▼

Other amounts receivable41€823€5k▲

Cash at bank and in hand54/58€5k€23k▲

Equity and liabilities

Total equity and liabilities10/49€83k€99k▲

Equity10/15€-19k€-17k▲

Contributions10/11€15k€15k=

Profit (loss) carried forward14€-34k€-33k▲

Amounts payable17/49€102k€116k▲

Amounts payable within one year42/48€102k€116k▲

Financial debts43€4k€8k▲

Credit institutions430/8€4k€8k▲

Trade debts44€70k€63k▼

Suppliers440/4€70k€63k▼

Advances received on contracts in progress46-€4k

Taxes, remuneration and social security45-€19k

Taxes450/3-€4k

Remuneration and social security454/9-€15k

Other amounts payable47/48€28k€22k▼

Income statement Code20232024

Remuneration, social security and pensions62€77€41k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲

Other operating charges640/8€374€1k▲

Gross operating margin9900€-4k€52k▲

Operating profit (loss)9901€-8k€4k▲

Financial charges65/66B€2k€3k▲

Recurring financial charges65€2k€3k▲

Profit (loss) for the period before taxes9903€-11k€1k▲

Profit (loss) for the period9904€-11k€1k▲

Profit (loss) for the period to be appropriated9905€-11k€1k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-34k€-33k▲

Profit (loss) brought forward from the previous period14P€-23k€-34k▼

The notes to these accounts (6 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 10Financial 2Filings 8

2025

29-12

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 151 days late

2024

31-12

Financial Back to profitnet €1k

Net result €1k after 4 loss-making years.

27-11

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 119 days late

05-03

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 218 days late

2022

31-10

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 92 days late

2021

31-12

Financial Weakest financial yearnet €-18k

Net result drops to €-18k, the lowest in the series; recovery starts the following year.

29-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 151 days late

2020

14-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 136 days late

2019

26-11

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 118 days late

2018

04-12

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 126 days late

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

Directors · office · real estate

Directors

1 director, no change since 2023

MASHADI YAHYA Ali Reza

Director · since 20-12-2023

Current

20-12-2023 Appointed as Director

Location & real-estate footprint

Registered office, Elsene · 2 establishment units since 2017

establishment All 2 establishment units 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.

Elsense Steenweg 1261050 Elsene

Ground area

1,089 m²

Building footprint

490 m²

Volume, LiDAR

7,916 m³

2 parcels, Brussels · tallest building 24.6 m, ±7 floors. Linked by address, not a title deed.

2 establishment units

PANDA PRINT & PAPETERIE

Elsense Steenweg 126, 1050 ElseneRetail trade

since 20172.262.999.013

Les Saveurs de l'Orient

Vredestraat 35, 1050 ElseneNon-specialised retail sale with food, beverages or tobacco predominating

since 20252.376.023.314

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21009A0975/00P000	Brussels	966 m²	1 · 367 m²	24.6 m · 7 fl.
21009A0622/00C000	Brussels	123 m²	1 · 123 m²	18.4 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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 site

Elsene2.376.023.314

1 permission

Toelating · Detailhandel · since 31-07-2025

Similar companies · same sector, comparable size

Machelen (Brab.) · Eq €7k

Chaumont-Gistoux · Eq €6k

Of 2,320 companies in sector 47621 we hold annual accounts for 1,236. 507 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded06-04-2017

Fiscal year end31-12

Activities, NACEBEL

47620Retail trade

47621Retail sale of newspapers and periodicals

82100Office administrative and support services

82190Office administrative, office support and other business support activities

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.