Panda Team

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Private limited companyfounded 20206 yrs activeHof ter Puttenlaan 23, 1700 Dilbeek, BelgiumKBO/BCE: BE 0746.534.467

Panda Team has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €2k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 875 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

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Checked score

Score 2025

76 / 100

Excellent▼ -15 vs 2024

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

Axes · tick = 2024

Profitability48▼-25

Solvency100▲+1

Growth32=

Stability100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 2.92 against 2.71 in 2024), and 34.4% 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

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

−lowers risk+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 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

65.6%

Return on assets

6.4%

Age of the figures

8 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 5 filings

Deviation from the deadline

2025

25 d late

2024

114 d late

2023

58 d late

2022

29 d late

2021

44 d late

← before the deadline after the deadline →

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 months

Position in the running window

05-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Equity

€20k▲ 10.7%

2024 · €18k

2022: €20k 2023: €15k 2024: €18k

2022 → 2025

Total assets

€30k▲ 8.5%

2024 · €28k

2022: €29k 2023: €22k 2024: €28k

2022 → 2025

Net result

€2k▼ 26.0%

2024 · €3k

2022: €5k 2023: €-5k 2024: €3k

2022 → 2025

Working capital

€20k▲ 15.1%

2024 · €17k

2022: €18k 2023: €14k 2024: €17k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€20k-€15k▼ 22.8%€18k▲ 17.0%€20k▲ 10.7%

Operating result€8k-€-5k€4k€3k▼ 27.1%

Net result€5k-€-5k€3k€2k▼ 26.0%

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 2025; 2025 is 27% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €30k

97.6%

Fixed assets €740▼ 34.6%

Current assets €30k▲ 10.3%

Equity and liabilities €30k

65.6%

34.4%

Equity €20k▲ 10.7%

Debt €10k▲ 4.6%

The debt ratio falls from 35.7% to 34.4%: equity grows faster than debt.

Key figures and ratios

2025 value · change against 2024

EBITDA

€3k▼

2024 · €5k

Cash flow

€2k▼

2024 · €3k

Solvency

65.6%▲

2024 · 64.3%

Current ratio

2.92▲

2024 · 2.71

Quick ratio

0.52▲

2024 · 0.38

Debt / equity

0.52▼

2024 · 0.56

ROE

9.7%▼

2024 · 14.5%

ROA

6.4%▼

2024 · 9.3%

Interest coverage

3.21▼

2024 · 7.67

Debt

€10k▲

2024 · €10k

Debt ≤ 1 year

€10k▲

2024 · €10k

Income taxes

€349▼

2024 · €980

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

Total assets 20/58€28k€30k▲

Fixed assets 21/28€1k€740▼

Tangible fixed assets 22/27€1k€740▼

Current assets 29/58€27k€30k▲

Stocks & contracts in progress 3€23k€24k▲

Amounts receivable within one year 40/41€3k€2k▼

Cash & bank 54/58€961€3k▲

Total equity & liabilities 10/49€28k€30k▲

Equity 10/15€18k€20k▲

Contributions / capital 10/11€5k€5k=

Accumulated profits (losses) 14€13k€15k▲

Amounts payable 17/49€10k€10k▲

Amounts payable within one year 42/48€10k€10k▲

Trade debts payable within one year 44€2k€3k▲

Income statement Code20242025

Gross operating margin 9900€5k€4k▼

Operating result 9901€4k€3k▼

Financial income 75€16€312▲

Financial charges 65€595€1k▲

Result before taxes 9903€4k€2k▼

Income taxes 67/77€980€349▼

Net result for the period 9904€3k€2k▼

Result to be appropriated 9905€3k€2k▼

Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

25-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 25 days late

2025

22-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 114 days late

2024

31-12

Financial Back to profitnet €3k

Net result €3k after one loss-making year.

27-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 58 days late

2023

31-12

Financial Weakest financial yearnet €-5k ▼187%

Net result drops to €-5k, the lowest in the series; recovery starts the following year.

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

13-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 44 days late

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

Directors · office · real estate

Comparable companies · same sector, comparable size

Similar companies · same sector, comparable size

Waasmunster · Eq €23k

Of 586 companies in sector 46496 we hold annual accounts for 365. 147 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded27-04-2020

Fiscal year end31-12

Activities, NACEBEL

46496Wholesale trade

46421Wholesale trade

47639Retail sale of other sporting goods

47640Retail trade

47711Retail sale of women's outerwear

47712Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 21-08-2026. Scores and ratios are computed by Checked and are not a credit decision.