Pandect
ActiveSummary
Pandect has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,100 and a net result of €104,455. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-9
Solvency25▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
0.1%
Return on assets
11.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 12819 sector peers (2025).
NBB · sector comparisonPosition among 12819 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-04-2026, 99 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
99 d early
2024
57 d early
2023
69 d early
2022
18 d early
2021
45 d early
2020
61 d early
2019
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 56 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1,100▼ 89.3%
2024 · €10,323
Total assets
€893,424▲ 225%
2024 · €274,722
Net result
€104,455▲ 106%
2024 · €50,823
Working capital
-€65,301▼ 24.8%
2024 · -€52,340
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€65,597▲ 31.7%€43,023▼ 34.4%€56,469▲ 31.3%€66,552▲ 17.9%€153,497▲ 131%
Net result€52,156within the sector's middle half▲ 32.0%€37,677within the sector's middle half▼ 27.8%€42,665within the sector's middle half▲ 13.2%€50,823within the sector's middle half▲ 19.1%€104,455above the sector's middle half▲ 106%
Equity€130,997within the sector's middle half▲ 87.6%€10,112below the sector's middle half▼ 92.3%€10,000below the sector's middle half▼ 1.1%€10,323below the sector's middle half▲ 3.2%€1,100below the sector's middle half▼ 89.3%
Total assets€143,378within the sector's middle half▲ 83.5%€305,934within the sector's middle half▲ 113%€338,535within the sector's middle half▲ 10.7%€274,722within the sector's middle half▼ 18.8%€893,424above the sector's middle half▲ 225%
Debt€12,382▼ 16.6%€295,822▲ 2,289%€328,535▲ 11.1%€264,399▼ 19.5%€892,324▲ 237%
Working capital€56,590within the sector's middle half▲ 10.5%€26,150within the sector's middle half▼ 53.8%€6,014below the sector's middle half▼ 77.0%-€52,340below the sector's middle half-€65,301below the sector's middle half▼ 24.8%
Solvency91.4%above the sector's middle half▲ 2.0pp3.3%below the sector's middle half▼ 88.1pp3.0%below the sector's middle half▼ 0.4pp3.8%below the sector's middle half▲ 0.8pp0.1%below the sector's middle half▼ 3.6pp
Current ratio5.57above the sector's middle half▲ 1.123.26within the sector's middle half▼ 2.311.09below the sector's middle half▼ 2.170.29below the sector's middle half▼ 0.800.41below the sector's middle half▲ 0.11
Return on assets (ROA)36.4%above the sector's middle half▼ 14.2pp12.3%within the sector's middle half▼ 24.1pp12.6%within the sector's middle half▲ 0.3pp18.5%within the sector's middle half▲ 5.9pp11.7%within the sector's middle half▼ 6.8pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 131% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €893,424
Fixed assets
€848,878 ▲ 235%
Current assets
€44,547 ▲ 107%
Equity and liabilities €893,424
Equity
€1,100 ▼ 89.3%
Debt
€892,324 ▲ 237%
Debt's share of the balance-sheet total rises from 96.2% to 99.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€163,575▲
2024 · €80,544
Cash flow
€114,533▲
2024 · €64,814
Interest coverage
12.37▼
2024 · 30.10
Debt ≤ 1 year
€109,848▲
2024 · €73,829
Debt > 1 year
€782,476▲
2024 · €190,571
Income taxes
€35,839▲
2024 · €13,056
A ratio outside any meaningful range has been withheld (balance sheet total €893,424, equity €1,100).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,941 | €6,153 | €13,020 | €13,991 | €10,078 | ▼ 28.0% |
| Other operating charges640/8 | €653 | €2,241 | €1,379 | €1,805 | €844 | ▼ 53.3% |
| Gross operating margin9900 | €73,190 | €51,416 | €70,868 | €82,348 | €164,419 | ▲ 99.7% |
| Operating profit (loss)9901 | €65,597 | €43,023 | €56,469 | €66,552 | €153,497 | ▲ 131% |
| Financial income75/76B | €4 | €0 | €9 | €2 | €17 | ▲ 641% |
| Recurring financial income75 | €4 | €0 | €9 | €2 | €17 | ▲ 641% |
| Financial charges65/66B | €120 | €4,977 | €2,813 | €2,676 | €13,221 | ▲ 394% |
| Recurring financial charges65 | €120 | €4,977 | €2,813 | €2,676 | €13,221 | ▲ 394% |
| Profit (loss) for the period before taxes9903 | €65,481 | €38,046 | €53,665 | €63,879 | €140,294 | ▲ 120% |
| Income taxes67/77 | €13,325 | €369 | €11,000 | €13,056 | €35,839 | ▲ 175% |
| Profit (loss) for the period9904 | €52,156 | €37,677 | €42,665 | €50,823 | €104,455 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €52,156 | €37,677 | €42,665 | €50,823 | €104,455 | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,378 | €305,934 | €338,535 | €274,722 | €893,424 | ▲ 225% |
| Fixed assets21/28 | €74,407 | €268,236 | €267,225 | €253,234 | €848,878 | ▲ 235% |
| Tangible fixed assets22/27 | €74,407 | €268,236 | €267,225 | €253,234 | €196,543 | ▼ 22.4% |
| Land and buildings22 | €62,172 | €106,971 | €263,668 | €252,917 | €189,796 | ▼ 25.0% |
| Furniture and vehicles24 | €12,235 | €7,259 | €3,557 | €317 | €6,747 | ▲ 2,030% |
| Assets under construction and advance payments27 | - | €154,005 | €0 | - | - | - |
| Financial fixed assets28 | - | - | - | - | €652,335 | - |
| Current assets29/58 | €68,971 | €37,698 | €71,310 | €21,488 | €44,547 | ▲ 107% |
| Amounts receivable within one year40/41 | €14,864 | €26,843 | €23,370 | €15,848 | €4,977 | ▼ 68.6% |
| Trade receivables40 | €14,864 | €12,883 | €19,370 | €14,032 | €0 | ▼ 100% |
| Other amounts receivable41 | €0 | €13,960 | €4,000 | €1,816 | €4,977 | ▲ 174% |
| Cash at bank and in hand54/58 | €54,108 | €10,855 | €47,940 | €5,433 | €39,274 | ▲ 623% |
| Deferred charges and accrued income490/1 | - | - | - | €208 | €296 | ▲ 42.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,378 | €305,934 | €338,535 | €274,722 | €893,424 | ▲ 225% |
| Equity10/15 | €130,997 | €10,112 | €10,000 | €10,323 | €1,100 | ▼ 89.3% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €1,100 | ▼ 89.0% |
| Reserves13 | €120,997 | €112 | €0 | €323 | €0 | ▼ 100% |
| Distributable reserves133 | €120,997 | €112 | €0 | €323 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €12,382 | €295,822 | €328,535 | €264,399 | €892,324 | ▲ 237% |
| Amounts payable after more than one year17 | - | €282,059 | €263,239 | €190,571 | €782,476 | ▲ 311% |
| Financial debts170/4 | - | €282,059 | €263,239 | €190,571 | €782,476 | ▲ 311% |
| Amounts payable within one year42/48 | €12,382 | €11,548 | €65,296 | €73,829 | €109,848 | ▲ 48.8% |
| Current portion of amounts payable after more than one year42 | - | €6,348 | €15,413 | €15,668 | €86,344 | ▲ 451% |
| Trade debts44 | €602 | €2,650 | €2,168 | €1,814 | €325 | ▼ 82.1% |
| Suppliers440/4 | €602 | €2,650 | €2,168 | €1,814 | €325 | ▼ 82.1% |
| Taxes, remuneration and social security45 | €3,726 | €0 | €4,331 | €1,967 | €15,189 | ▲ 672% |
| Taxes450/3 | €3,726 | €0 | €4,331 | €1,967 | €15,189 | ▲ 672% |
| Other amounts payable47/48 | €8,054 | €2,551 | €43,384 | €54,379 | €7,990 | ▼ 85.3% |
| Accrued charges and deferred income492/3 | - | €2,214 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,156 | €37,677 | €42,665 | €50,823 | €104,455 | ▲ 106% |
| + Depreciation and write-downs630 | €6,941 | €6,153 | €13,020 | €13,991 | €10,078 | ▼ 28.0% |
| Operating cash flow (approximation) | €59,097 | €43,830 | €55,685 | €64,814 | €114,533 | ▲ 76.7% |
| Investment in fixed assets (approximation) | - | -€199,981 | -€12,009 | €0 | -€605,722 | - |
| Change in cash | - | -€43,252 | €37,085 | -€42,508 | €33,841 | ▲ 180% |
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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €104,455 ▲106%
Operating result €153,497, net result €104,455, both a record.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €37,677 ▼27.8%
Net result drops to €37,677, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €130,997 ▲87.6%
3 profitable years in a row build equity to €130,997.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 2019
Ground area
2,874 m²
Building footprint
578 m²
Volume, LiDAR
15,734 m³
Parcel 11810K1552/00D008, Flanders · tallest building 30.6 m, ±9 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
Pandect
since 20192.289.499.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1552/00D008 | Flanders | 2,874 m² | 1 · 578 m² | 30.6 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of Pandect and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 255 EUR awarded · 255 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 255 EUR | 255 EUR |
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Of 2,771 companies in sector 69109 we hold annual accounts for 1,209. 158 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69109Other legal services
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0726969666
Also
9925:BE0726969666
Registered
24-11-2023
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.