Pandora's Media
Judicial reorganisationSummary
The file of Pandora's Media contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show negative equity (€-46k) and a net result of €22k. Equity is shrinking by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 6% of 19357 sector peers (fiscal year 2024).
Checked score
Score 2024
33
/ 100
Weak
The score weighs solvency, liquidity and profitability. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+30
Solvency0=
Growth58▲+26
Track record60
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.22 against 0.21 in 2023; short-term debt: 164.1% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 19357 sector peers (2024).
NBB · sector comparisonPosition among 19357 sector peers
Solvency
better than 6%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 147 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 02-08-2025, 94 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
94 d late
2023
2 d late
2022
6 d early
2021
149 d late
2020
2 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-46k▲ 31.9%
2023 · €-68k
2018: €28k
2019: €-8k
2020: €-25k
2021: €-53k
2022: €-69k
2023: €-68k
2018 → 2024
Total assets
€72k▼ 19.9%
2023 · €90k
2018: €233k
2019: €241k
2020: €183k
2021: €152k
2022: €109k
2023: €90k
2018 → 2024
Net result
€22k▲ 3,265%
2023 · €645
2018: €7k
2019: €-36k
2020: €-17k
2021: €-28k
2022: €-16k
2023: €645
2018 → 2024
Working capital
€-92k▲ 19.5%
2023 · €-115k
2018: €-12k
2019: €-35k
2020: €-73k
2021: €-106k
2022: €-115k
2023: €-115k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-25k-€-53k▼ 110%€-69k▼ 29.4%€-68k▲ 0.9%€-46k▲ 31.9%
Operating result€16k-€-27k€-14k▲ 48.4%€2k€23k▲ 1,139%
Net result€-17k-€-28k▼ 61.8%€-16k▲ 43.9%€645€22k▲ 3,265%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 1,139% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €72k
Fixed assets
€46k ▼ 23.5%
Current assets
€26k ▼ 12.6%
Key figures and ratios
EBITDA
€37k▲
2023 · €21k
Cash flow
€36k▲
2023 · €20k
Solvency
-64.1%▲
2023 · -75.4%
Current ratio
0.22▲
2023 · 0.21
Debt to equity
-2.56▼
2023 · -2.33
ROA
30.0%▲
2023 · 0.7%
Interest coverage
48.44▲
2023 · 17.78
Debt
€119k▼
2023 · €158k
Debt ≤ 1 year
€119k▼
2023 · €145k
Income taxes
€298
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 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€90k€72k▼
Fixed assets21/28€60k€46k▼
Tangible fixed assets22/27€60k€46k▼
Land and buildings22€60k€46k▼
Financial fixed assets28€115€115=
Current assets29/58€30k€26k▼
Amounts receivable within one year40/41€30k€26k▼
Trade receivables40€10k€10k=
Other amounts receivable41€20k€16k▼
Cash at bank and in hand54/58-€36
Equity and liabilities
Total equity and liabilities10/49€90k€72k▼
Equity10/15€-68k€-46k▲
Contributions10/11€13k€13k=
Outside capital11€13k€13k=
Other1109/19€13k€13k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-83k€-61k▲
Amounts payable17/49€158k€119k▼
Amounts payable after more than one year17€13k-
Financial debts170/4€13k-
Amounts payable within one year42/48€145k€119k▼
Current portion of amounts payable after more than one year42€20k€14k▼
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€75k€68k▼
Suppliers440/4€75k€68k▼
Taxes, remuneration and social security45€47k€36k▼
Taxes450/3€47k€36k▼
Other amounts payable47/48€19€905▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€14k▼
Other operating charges640/8€200-
Gross operating margin9900€21k€37k▲
Operating profit (loss)9901€2k€23k▲
Financial charges65/66B€1k€763▼
Recurring financial charges65€1k€763▼
Profit (loss) for the period before taxes9903€645€22k▲
Income taxes67/77-€298
Profit (loss) for the period9904€645€22k▲
Profit (loss) for the period to be appropriated9905€645€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-83k€-61k▲
Profit (loss) brought forward from the previous period14P€-84k€-83k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 94 days late
2024
30-09
Financial
Highest result since 2018net €22k ▲3265%
Operating result €23k, net result €22k, both a record.
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
30-09
Financial
Back to profitnet €645
Net result €645 after 4 loss-making years.
04-05
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif_pme · event 26-04-2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 149 days late
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €-36k ▼590%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Elsene · 1 establishment unit since 2009
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.
Louizalaan 2091050 ElseneGround area
988 m²
Building footprint
782 m²
Volume, LiDAR
16,789 m³
2 parcels, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Pandora's Media
since 20092.177.579.823
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 fl. |
| 21003A0200/00V003 | Brussels | 288 m² | 1 · 82 m² | 9.7 m · 3 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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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 4,308 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-04-2009
Fiscal year end30-09
Activities, NACEBEL 2025
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.