PANDECADADIA
ActiveSummary
PANDECADADIA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €412k and a net result of €-95k. Equity is growing by ~31.1% per year across the filed fiscal years. Its solvency ranks better than 32% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-35
Solvency34▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 3.41 in 2024; short-term debt: 6.4% and cash: 7.4% of total assets), but 90.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
4 d late
2023
29 d early
2022
7 d early
2021
34 d early
2020
2 d early
2019
43 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€412k▼ 18.7%
2024 · €507k
2019: €131klowest in 7 years
2020: €179k▲ +36.4% vs 2019
2021: €251k▲ +40.4% vs 2020
2022: €349k▲ +39.1% vs 2021
2023: €462k▲ +32.4% vs 2022
2024: €507k▲ +9.8% vs 2023highest in 7 years
2025: €412k▼ -18.7% vs 2024
2019 → 2025
Total assets
€4.37M▲ 91.7%
2024 · €2.28M
2019: €1.77M
2020: €1.74M▼ -1.2% vs 2019
2021: €1.70M▼ -2.4% vs 2020
2022: €1.66M▼ -2.2% vs 2021
2023: €1.55M▼ -7.0% vs 2022lowest in 7 years
2024: €2.28M▲ +47.4% vs 2023
2025: €4.37M▲ +91.7% vs 2024highest in 7 years
2019 → 2025
Net result
€-95k
2024 · €45k
2019: €59k
2020: €82k▲ +38.3% vs 2019
2021: €122k▲ +49.6% vs 2020highest in 7 years
2022: €108k▼ -11.4% vs 2021
2023: €113k▲ +4.4% vs 2022
2024: €45k▼ -60.0% vs 2023
2025: €-95k▼ -310% vs 2024lowest in 7 years
2019 → 2025
Working capital
€337k▼ 27.6%
2024 · €465k
2019: €232klowest in 7 years
2020: €253k▲ +9.1% vs 2019
2021: €284k▲ +12.2% vs 2020
2022: €286k▲ +0.9% vs 2021
2023: €346k▲ +21.1% vs 2022
2024: €465k▲ +34.3% vs 2023highest in 7 years
2025: €337k▼ -27.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€251k-€349k▲ 39.1%€462k▲ 32.4%€507k▲ 9.8%€412k▼ 18.7%
2021: €251klowest in 5 years
2022: €349k▲ +39.1% vs 2021
2023: €462k▲ +32.4% vs 2022
2024: €507k▲ +9.8% vs 2023highest in 5 years
2025: €412k▼ -18.7% vs 2024
Operating result€211k-€187k▼ 11.2%€189k▲ 0.8%€102k▼ 46.2%€-50k
2021: €211khighest in 5 years
2022: €187k▼ -11.2% vs 2021
2023: €189k▲ +0.8% vs 2022
2024: €102k▼ -46.2% vs 2023
2025: €-50k▼ -149% vs 2024lowest in 5 years
Net result€122k-€108k▼ 11.4%€113k▲ 4.4%€45k▼ 60.0%€-95k
2021: €122khighest in 5 years
2022: €108k▼ -11.4% vs 2021
2023: €113k▲ +4.4% vs 2022
2024: €45k▼ -60.0% vs 2023
2025: €-95k▼ -310% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €50k after €102k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.37M
Fixed assets
€3.75M ▲ 132%
Current assets
€617k ▼ 6.3%
Equity and liabilities €4.37M
Equity
€412k ▼ 18.7%
Debt
€3.96M ▲ 123%
Debt's share of the balance-sheet total rises from 77.8% to 90.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€53k▼
2024 · €191k
Cash flow
€9k▼
2024 · €135k
Current ratio
2.20▼
2024 · 3.41
Debt to equity
9.60▲
2024 · 3.50
ROE
-23.0%▼
2024 · 8.9%
ROA
-2.2%▼
2024 · 2.0%
Interest coverage
1.14▼
2024 · 4.79
Debt ≤ 1 year
€280k▲
2024 · €193k
Debt > 1 year
€3.68M▲
2024 · €1.58M
Income taxes
€0▼
2024 · €16k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.28M€4.37M▲
Fixed assets21/28€1.62M€3.75M▲
Tangible fixed assets22/27€1.62M€3.75M▲
Land and buildings22€1.18M€3.40M▲
Plant, machinery and equipment23€394k€318k▼
Furniture and vehicles24€34k€23k▼
Other tangible fixed assets26€10k€10k=
Current assets29/58€659k€617k▼
Amounts receivable within one year40/41€609k€282k▼
Trade receivables40€18k€27k▲
Other amounts receivable41€591k€254k▼
Cash at bank and in hand54/58€42k€325k▲
Deferred charges and accrued income490/1€7k€11k▲
Equity and liabilities
Total equity and liabilities10/49€2.28M€4.37M▲
Equity10/15€507k€412k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€445k€445k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€439k€439k=
Profit (loss) carried forward14-€-95k
Amounts payable17/49€1.77M€3.96M▲
Amounts payable after more than one year17€1.58M€3.68M▲
Financial debts170/4€1.58M€3.68M▲
Other amounts payable178/9€3k€210▼
Amounts payable within one year42/48€193k€280k▲
Current portion of amounts payable after more than one year42€138k€154k▲
Trade debts44€25k€100k▲
Suppliers440/4€25k€100k▲
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Other amounts payable47/48€27k€24k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90k€103k▲
Other operating charges640/8€118k€321k▲
Gross operating margin9900€309k€374k▲
Operating profit (loss)9901€102k€-50k▼
Financial income75/76B€4€2k▲
Recurring financial income75€4€2k▲
Financial charges65/66B€40k€47k▲
Recurring financial charges65€40k€47k▲
Profit (loss) for the period before taxes9903€62k€-95k▼
Income taxes67/77€16k€0▼
Profit (loss) for the period9904€45k€-95k▼
Profit (loss) for the period to be appropriated9905€45k€-95k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€-95k▼
Transfer to equity691/2€45k€0▼
To other reserves6921€45k€0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93k | €82k | €85k | €90k | €103k | ▲ 15.2% |
| Other operating charges640/8 | - | €30k | €32k | €118k | €321k | ▲ 172% |
| Gross operating margin9900 | €334k | €299k | €306k | €309k | €374k | ▲ 21.0% |
| Operating profit (loss)9901 | €211k | €187k | €189k | €102k | €-50k | ▼ 149% |
| Financial income75/76B | - | €0 | €173 | €4 | €2k | ▲ 44,148% |
| Recurring financial income75 | €6 | €0 | €173 | €4 | €2k | ▲ 44,148% |
| Financial charges65/66B | - | €40k | €36k | €40k | €47k | ▲ 16.8% |
| Recurring financial charges65 | €44k | €40k | €36k | €40k | €47k | ▲ 16.8% |
| Profit (loss) for the period before taxes9903 | €167k | €147k | €153k | €62k | €-95k | ▼ 254% |
| Income taxes67/77 | €45k | €39k | €40k | €16k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €122k | €108k | €113k | €45k | €-95k | ▼ 310% |
| Profit (loss) for the period to be appropriated9905 | €122k | €108k | €113k | €45k | €-95k | ▼ 310% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.70M | €1.66M | €1.55M | €2.28M | €4.37M | ▲ 91.7% |
| Fixed assets21/28 | €1.15M | €1.11M | €1.03M | €1.62M | €3.75M | ▲ 132% |
| Tangible fixed assets22/27 | €1.15M | €1.11M | €1.03M | €1.62M | €3.75M | ▲ 132% |
| Land and buildings22 | - | €516k | €516k | €1.18M | €3.40M | ▲ 188% |
| Plant, machinery and equipment23 | - | €546k | €470k | €394k | €318k | ▼ 19.3% |
| Furniture and vehicles24 | - | €39k | €34k | €34k | €23k | ▼ 32.6% |
| Other tangible fixed assets26 | - | €10k | €10k | €10k | €10k | = |
| Current assets29/58 | €557k | €553k | €517k | €659k | €617k | ▼ 6.3% |
| Amounts receivable within one year40/41 | €424k | €411k | €466k | €609k | €282k | ▼ 53.7% |
| Trade receivables40 | - | €8k | €1k | €18k | €27k | ▲ 51.4% |
| Other amounts receivable41 | - | €403k | €465k | €591k | €254k | ▼ 57.0% |
| Cash at bank and in hand54/58 | €128k | €136k | €47k | €42k | €325k | ▲ 671% |
| Deferred charges and accrued income490/1 | - | €7k | €5k | €7k | €11k | ▲ 47.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.70M | €1.66M | €1.55M | €2.28M | €4.37M | ▲ 91.7% |
| Equity10/15 | €251k | €349k | €462k | €507k | €412k | ▼ 18.7% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €189k | €287k | €400k | €445k | €445k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €281k | €394k | €439k | €439k | = |
| Profit (loss) carried forward14 | - | €0 | €0 | - | €-95k | - |
| Amounts payable17/49 | €1.45M | €1.32M | €1.09M | €1.77M | €3.96M | ▲ 123% |
| Amounts payable after more than one year17 | €1.18M | €1.05M | €914k | €1.58M | €3.68M | ▲ 133% |
| Financial debts170/4 | - | €1.05M | €914k | €1.58M | €3.68M | ▲ 133% |
| Other amounts payable178/9 | - | - | - | €3k | €210 | ▼ 93.5% |
| Amounts payable within one year42/48 | €273k | €267k | €171k | €193k | €280k | ▲ 45.0% |
| Current portion of amounts payable after more than one year42 | - | €130k | €134k | €138k | €154k | ▲ 11.5% |
| Trade debts44 | €2k | €736 | €752 | €25k | €100k | ▲ 304% |
| Suppliers440/4 | - | €736 | €752 | €25k | €100k | ▲ 304% |
| Taxes, remuneration and social security45 | - | €31k | €10k | €4k | €2k | ▼ 41.2% |
| Taxes450/3 | - | €31k | €10k | €4k | €2k | ▼ 41.2% |
| Other amounts payable47/48 | - | €106k | €27k | €27k | €24k | ▼ 9.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122k | €108k | €113k | €45k | €-95k | ▼ 310% |
| + Depreciation and write-downs630 | €93k | €82k | €85k | €90k | €103k | ▲ 15.2% |
| Operating cash flow (approximation) | €215k | €190k | €198k | €135k | €9k | ▼ 93.6% |
| Investment in fixed assets (approximation) | - | €-47k | €-4k | €-681k | €-2.24M | ▼ 228% |
| Change in cash | - | €8k | €-89k | €-4k | €282k | ▲ 6,446% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-95k
Net result drops to €-95k, the lowest in the series.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Equity above €500kEq €507k ▲9.8%
6 profitable years in a row build equity to €507k.
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €122k ▲49.6%
Operating result €211k, net result €122k, both a record.
30-06
Financial
Equity above €200kEq €251k ▲40.4%
3 profitable years in a row build equity to €251k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €150kEq €179k ▲36.4%
2 profitable years in a row build equity to €179k.
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-12
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.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Antwerpen · 1 establishment unit since 2001
Ground area
3,513 m²
Building footprint
1,136 m²
Volume, LiDAR
27,578 m³
Parcel 11802B2284/00A000, Flanders · tallest building 32.3 m, ±9 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
Entrepotkaai 1, 2000 Antwerpen
since 20012.073.918.002
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B2284/00A000 | Flanders | 3,513 m² | 1 · 1,136 m² | 32.3 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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H & H CONCEPT
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Wavre · Eq €411,756
VALIMMO
BE 0807.595.769
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PROSTOR
BE 0458.729.034
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 5,047 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-10-1995
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.