PANDA PROMOTION
ActiveSummary
PANDA PROMOTION has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €154k and a net result of €1k. Equity is shrinking by ~4.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▼-2
Solvency93▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.76 in 2023; short-term debt: 31% and cash: 13.8% of total assets), and 31.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 · 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 2024Solvency, return and age of the figures
Solvency
68.3%
Return on assets
0.5%
Age of the figures
24 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-04-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
40 d early
2023
1 d early
2022
33 d early
2021
39 d early
2020
37 d early
2019
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2024, micro schema
Equity
€154k▲ 0.7%
2023 · €153k
2018: €192k
2019: €182k
2021: €175k
2022: €148k
2023: €153k
2018 → 2024
Total assets
€226k▼ 6.2%
2023 · €241k
2018: €231k
2019: €224k
2021: €266k
2022: €259k
2023: €241k
2018 → 2024
Net result
€1k▼ 78.8%
2023 · €5k
2018: €977
2019: €-10k
2021: €-10k
2022: €-27k
2023: €5k
2018 → 2024
Working capital
€-18k▼ 14.5%
2023 · €-16k
2018: €80k
2019: €-22k
2021: €-21k
2022: €-20k
2023: €-16k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Equity€182k-€175k▼ 3.8%€148k▼ 15.5%€153k▲ 3.5%€154k▲ 0.7%
Operating result€-10k-€-8k▲ 21.5%€-27k▼ 253%€5k€1k▼ 78.1%
Net result€-10k-€-10k▲ 1.6%€-27k▼ 179%€5k€1k▼ 78.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 78% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €226k
Fixed assets
€174k ▼ 9.2%
Current assets
€52k ▲ 5.6%
Equity and liabilities €226k
Equity
€154k ▲ 0.7%
Debt
€72k ▼ 18.2%
Debt's share of the balance-sheet total falls from 36.4% to 31.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▼
2023 · €25k
Cash flow
€19k▼
2023 · €25k
Current ratio
0.75▼
2023 · 0.76
Debt to equity
0.47▼
2023 · 0.57
ROE
0.7%▼
2023 · 3.4%
ROA
0.5%▼
2023 · 2.1%
Interest coverage
392.04▼
2023 · 530.48
Debt ≤ 1 year
€70k▲
2023 · €65k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€241k€226k▼
Fixed assets21/28€191k€174k▼
Tangible fixed assets22/27€191k€174k▼
Land and buildings22€145k€138k▼
Plant, machinery and equipment23€46k€35k▼
Current assets29/58€49k€52k▲
Cash at bank and in hand54/58€41k€31k▼
Deferred charges and accrued income490/1€8k€21k▲
Equity and liabilities
Total equity and liabilities10/49€241k€226k▼
Equity10/15€153k€154k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€85k€86k▲
Amounts payable17/49€88k€72k▼
Amounts payable within one year42/48€65k€70k▲
Trade debts44€13k€8k▼
Suppliers440/4€13k€8k▼
Other amounts payable47/48€52k€63k▲
Accrued charges and deferred income492/3€23k€2k▼
Income statement
Code20232024
Non-recurring operating income76A€143k€173k▲
Goods, raw materials, services and sundry goods60/61€69k€103k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€18k▼
Other operating charges640/8€49k€51k▲
Gross operating margin9900€74k€70k▼
Operating profit (loss)9901€5k€1k▼
Financial charges65/66B€48€48=
Recurring financial charges65€48€48=
Profit (loss) for the period before taxes9903€5k€1k▼
Profit (loss) for the period9904€5k€1k▼
Profit (loss) for the period to be appropriated9905€5k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€86k▲
Profit (loss) brought forward from the previous period14P€80k€85k▲
The notes to these accounts (4 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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
30-09
Financial
Equity above €150kEq €153k ▲3.5%
Equity rises from €148k to €153k.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Brussel · 1 establishment unit since 2002
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.
Emile Jacqmainlaan 901000 BrusselGround area
343 m²
Building footprint
335 m²
Volume, LiDAR
7,419 m³
Parcel 21812N0910/00T002, Brussels · tallest building 25.2 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Emile Jacqmainlaan 90, 1000 Brussel
since 20022.080.081.361
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N0910/00T002 | Brussels | 343 m² | 1 · 335 m² | 25.2 m · 7 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.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-11-1996
Fiscal year end30-09
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.