PANDO
ActivePANDO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €250. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 10206 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-98
Solvency46▼-7
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.01 in 2024), and 70.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 · 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 →
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
29.1%
Return on assets
0.1%
Age of the figures
11 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €62k
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 23-03-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
7 d early
2023
7 d early
2022
125 d early
2021
50 d early
2020
129 d early
2019
126 d early
← before the deadline
after the deadline →
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
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€62k▲ 0.4%
2024 · €62k
2018: €-4k
2019: €-2k
2020: €2k
2021: €-454
2022: €2k
2023: €50k
2024: €62k
2018 → 2025
Total assets
€214k▲ 14.9%
2024 · €186k
2018: €89k
2019: €81k
2020: €81k
2021: €83k
2022: €84k
2023: €131k
2024: €186k
2018 → 2025
Net result
€250▼ 98.0%
2024 · €12k
2018: €-6k
2019: €2k
2020: €4k
2021: €-3k
2022: €2k
2023: €48k
2024: €12k
2018 → 2025
Working capital
€2k▲ 158%
2024 · €883
2018: €-58k
2019: €-56k
2020: €-52k
2021: €-61k
2022: €-65k
2023: €-14k
2024: €883
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-454-€2k€50k▲ 3,041%€62k▲ 25.2%€62k▲ 0.4%
Operating result€-1k-€2k€4k▲ 87.1%€18k▲ 346%€6k▼ 68.1%
Net result€-3k-€2k€48k▲ 2,261%€12k▼ 74.0%€250▼ 98.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €214k
Fixed assets
€60k▼ 1.9%
Current assets
€154k▲ 23.1%
Equity and liabilities €214k
Equity
€62k▲ 0.4%
Debt
€152k▲ 22.1%
The debt ratio rises from 66.7% to 70.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€7k▼
2024 · €19k
Cash flow
€1k▼
2024 · €14k
Solvency
29.1%▼
2024 · 33.3%
Current ratio
1.01▲
2024 · 1.01
Quick ratio
1.01▲
2024 · 1.01
Debt / equity
2.44▲
2024 · 2.01
ROE
0.4%▼
2024 · 20.1%
ROA
0.1%▼
2024 · 6.7%
Interest coverage
1.45▼
2024 · 4.20
Debt
€152k▲
2024 · €124k
Debt ≤ 1 year
€152k▲
2024 · €124k
Income taxes
€730▼
2024 · €781
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
Assets
Total assets20/58€186k€214k▲
Fixed assets21/28€61k€60k▼
Tangible fixed assets22/27€6k€5k▼
Furniture and vehicles24€2k€2k▼
Other tangible fixed assets26€4k€4k▼
Financial fixed assets28€55k€55k=
Current assets29/58€125k€154k▲
Amounts receivable within one year40/41€125k€154k▲
Trade receivables40€37k€72k▲
Other amounts receivable41€88k€81k▼
Cash at bank and in hand54/58€34€354▲
Equity and liabilities
Total equity and liabilities10/49€186k€214k▲
Equity10/15€62k€62k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€36€286▲
Amounts payable17/49€124k€152k▲
Amounts payable within one year42/48€124k€152k▲
Trade debts44€4k€12k▲
Suppliers440/4€4k€12k▲
Taxes, remuneration and social security45€19k€38k▲
Taxes450/3€19k€9k▼
Remuneration and social security454/9-€29k
Other amounts payable47/48€102k€102k=
Income statement
Code20242025
Non-recurring operating income76A€15k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€21k€10k▼
Operating profit (loss)9901€18k€6k▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€13k€981▼
Income taxes67/77€781€730▼
Profit (loss) for the period9904€12k€250▼
Profit (loss) for the period to be appropriated9905€12k€250▼
Appropriation of the result
Profit (loss) to be appropriated9906€36€286▲
Profit (loss) brought forward from the previous period14P€-12k€36▲
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
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €48k ▲2261%
Net result €48k, the highest in the series.
2022
26-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-09
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
26-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
30-09
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-04
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
5 directors, no change since 2025
VALCKE Sabine
CurrentDirector · since 09-01-2025
09-01-2025
VALCKE Sabine: Appointed as Director
09-01-2025
AMBERTREE: Resigned as Director
09-01-2025
GREGORY Robin Christopher William: Resigned as Director
09-01-2025
SABOR INVEST: Resigned as Director
09-01-2025
VALCKE Sabine Marie Paul: Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1998
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.
Kioskplaats 202660 AntwerpenGround area
2,625 m²
Building footprint
905 m²
Volume, LiDAR
8,191 m³
2 parcels, Flanders · tallest building 18.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PANDORA
since 19982.085.820.791
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039D0028/00F000 | Flanders | 1,993 m² | 1 · 295 m² | 8.3 m · 2 fl. |
| 11383B0338/00H002 | Flanders | 632 m² | 1 · 610 m² | 18.5 m · 4 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.
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J & S
BE 0456.106.866
Poperinge · Eq €62k
MARVA
BE 0433.035.714
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DÜNYA DECOR
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Of 1,269 companies in sector 47512 we hold annual accounts for 580. 468 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-01-1998
Fiscal year end30-09
Activities, NACEBEL
47512Retail sale of household textiles and bedding
52410
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.