PANDORE
Open bankruptcyA bankruptcy procedure is open for PANDORE according to publications in the Belgian State Gazette; curator: FABIEN ZIMMER.
Summary
The 2022 annual accounts show negative equity (€-29k) and a net result of €-42k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-08-2023, 28 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
28 d late
2021
30 d early
2020
5 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€-29k
2021 · €14k
2018: €27khighest in 5 years
2019: €22k▼ -21.3% vs 2018
2020: €18k▼ -14.7% vs 2019
2021: €14k▼ -26.4% vs 2020
2022: €-29k▼ -313% vs 2021lowest in 5 years
2018 → 2022
Total assets
€37k▼ 36.4%
2021 · €58k
2018: €76khighest in 5 years
2019: €68k▼ -10.7% vs 2018
2020: €57k▼ -15.7% vs 2019
2021: €58k▲ +1.4% vs 2020
2022: €37k▼ -36.4% vs 2021lowest in 5 years
2018 → 2022
Net result
€-42k▼ 771%
2021 · €-5k
2018: €8khighest in 5 years
2019: €-6k▼ -174% vs 2018
2020: €-3k▲ +45.4% vs 2019
2021: €-5k▼ -52.8% vs 2020
2022: €-42k▼ -771% vs 2021lowest in 5 years
2018 → 2022
Working capital
€-34k
2021 · €8k
2018: €18khighest in 5 years
2019: €17k▼ -5.0% vs 2018
2020: €13k▼ -20.4% vs 2019
2021: €8k▼ -41.3% vs 2020
2022: €-34k▼ -535% vs 2021lowest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€27k-€22k▼ 21.3%€18k▼ 14.7%€14k▼ 26.4%€-29k
2018: €27khighest in 5 years
2019: €22k▼ -21.3% vs 2018
2020: €18k▼ -14.7% vs 2019
2021: €14k▼ -26.4% vs 2020
2022: €-29k▼ -313% vs 2021lowest in 5 years
Operating result€13k-€-6k€-3k▲ 44.9%€-5k▼ 47.1%€-42k▼ 820%
2018: €13khighest in 5 years
2019: €-6k▼ -144% vs 2018
2020: €-3k▲ +44.9% vs 2019
2021: €-5k▼ -47.1% vs 2020
2022: €-42k▼ -820% vs 2021lowest in 5 years
Net result€8k-€-6k€-3k▲ 45.4%€-5k▼ 52.8%€-42k▼ 771%
2018: €8khighest in 5 years
2019: €-6k▼ -174% vs 2018
2020: €-3k▲ +45.4% vs 2019
2021: €-5k▼ -52.8% vs 2020
2022: €-42k▼ -771% vs 2021lowest 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 stays negative: a loss of €42k in 2022 against €5k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €37k
Fixed assets
€5k ▼ 7.7%
Current assets
€32k ▼ 39.6%
Key figures and ratios
EBITDA
€-41k▼
2021 · €-4k
Cash flow
€-42k▼
2021 · €-5k
Solvency
-78.2%▼
2021 · 23.3%
Current ratio
0.48▼
2021 · 1.18
Quick ratio
0.15▼
2021 · 0.28
Debt to equity
-2.28▼
2021 · 3.28
ROA
-114.9%▼
2021 · -8.4%
Interest coverage
-147.95▼
2021 · -22.46
Debt
€66k▲
2021 · €44k
Debt ≤ 1 year
€66k▲
2021 · €44k
Income taxes
€90▼
2021 · €107
Staff costs
€9k▲
2021 · €649
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 · 2022 against 2021 · 45 lines
Balance sheet
Code20212022
Assets
Total assets20/58€58k€37k▼
Fixed assets21/28€6k€5k▼
Intangible fixed assets21€795€508▼
Tangible fixed assets22/27€292€141▼
Furniture and vehicles24€292€141▼
Financial fixed assets28€5k€5k=
Current assets29/58€52k€32k▼
Stocks and contracts in progress3€40k€22k▼
Stocks30/36€40k€22k▼
Amounts receivable within one year40/41€4k€3k▼
Trade receivables40€4k€3k▼
Other amounts receivable41€112€112=
Current investments50/53€37€37=
Cash at bank and in hand54/58€8k€6k▼
Deferred charges and accrued income490/1€243€99▼
Equity and liabilities
Total equity and liabilities10/49€58k€37k▼
Equity10/15€14k€-29k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-7k€-49k▼
Amounts payable17/49€44k€66k▲
Amounts payable within one year42/48€44k€66k▲
Trade debts44€24k€34k▲
Suppliers440/4€24k€34k▲
Advances received on contracts in progress46€310-
Taxes, remuneration and social security45€5k€8k▲
Taxes450/3€5k€5k▲
Remuneration and social security454/9€12€3k▲
Other amounts payable47/48€15k€23k▲
Income statement
Code20212022
Remuneration, social security and pensions62€649€9k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€216€438▲
Other operating charges640/8€817€934▲
Gross operating margin9900€-3k€-31k▼
Operating profit (loss)9901€-5k€-42k▼
Financial charges65/66B€193€280▲
Recurring financial charges65€193€280▲
Profit (loss) for the period before taxes9903€-5k€-42k▼
Income taxes67/77€107€90▼
Profit (loss) for the period9904€-5k€-42k▼
Transfer from tax-exempt reserves789€3k-
Profit (loss) for the period to be appropriated9905€-2k€-42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-49k▼
Profit (loss) brought forward from the previous period14P€-5k€-7k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €649 | €9k | ▲ 1,316% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €211 | €216 | €438 | ▲ 103% |
| Other operating charges640/8 | - | - | - | €817 | €934 | ▲ 14.3% |
| Gross operating margin9900 | €36k | €16k | €2k | €-3k | €-31k | ▼ 991% |
| Operating profit (loss)9901 | €13k | €-6k | €-3k | €-5k | €-42k | ▼ 820% |
| Recurring financial income75 | €208 | €51 | €136 | - | - | - |
| Financial charges65/66B | - | - | - | €193 | €280 | ▲ 45.1% |
| Recurring financial charges65 | €2k | €133 | €139 | €193 | €280 | ▲ 45.1% |
| Profit (loss) for the period before taxes9903 | €11k | €-6k | €-3k | €-5k | €-42k | ▼ 789% |
| Income taxes67/77 | €3k | €114 | €78 | €107 | €90 | ▼ 16.2% |
| Profit (loss) for the period9904 | €8k | €-6k | €-3k | €-5k | €-42k | ▼ 771% |
| Transfer from tax-exempt reserves789 | - | - | - | €3k | - | - |
| Profit (loss) for the period to be appropriated9905 | €8k | €-6k | €-3k | €-2k | €-42k | ▼ 1,744% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76k | €68k | €57k | €58k | €37k | ▼ 36.4% |
| Fixed assets21/28 | €10k | €5k | €5k | €6k | €5k | ▼ 7.7% |
| Intangible fixed assets21 | - | - | - | €795 | €508 | ▼ 36.0% |
| Tangible fixed assets22/27 | €5k | €201 | €443 | €292 | €141 | ▼ 51.8% |
| Furniture and vehicles24 | - | - | - | €292 | €141 | ▼ 51.8% |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €66k | €63k | €52k | €52k | €32k | ▼ 39.6% |
| Stocks and contracts in progress3 | €49k | €45k | €36k | €40k | €22k | ▼ 44.8% |
| Stocks30/36 | - | - | - | €40k | €22k | ▼ 44.8% |
| Amounts receivable within one year40/41 | €154 | €3k | €8k | €4k | €3k | ▼ 20.2% |
| Trade receivables40 | - | - | - | €4k | €3k | ▼ 20.8% |
| Other amounts receivable41 | - | - | - | €112 | €112 | = |
| Current investments50/53 | €37 | €37 | €37 | €37 | €37 | = |
| Cash at bank and in hand54/58 | €17k | €14k | €7k | €8k | €6k | ▼ 23.5% |
| Deferred charges and accrued income490/1 | - | - | - | €243 | €99 | ▼ 59.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76k | €68k | €57k | €58k | €37k | ▼ 36.4% |
| Equity10/15 | €27k | €22k | €18k | €14k | €-29k | ▼ 313% |
| Contributions10/11 | €19k | €19k | - | €19k | €19k | = |
| Reserves13 | €4k | €4k | €4k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €4k | €-1k | €-5k | €-7k | €-49k | ▼ 608% |
| Amounts payable17/49 | €48k | €46k | €39k | €44k | €66k | ▲ 47.7% |
| Amounts payable within one year42/48 | €48k | €46k | €39k | €44k | €66k | ▲ 47.7% |
| Trade debts44 | €14k | €25k | €23k | €24k | €34k | ▲ 45.6% |
| Suppliers440/4 | - | - | - | €24k | €34k | ▲ 45.6% |
| Advances received on contracts in progress46 | - | - | - | €310 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €5k | €8k | ▲ 57.4% |
| Taxes450/3 | - | - | - | €5k | €5k | ▲ 2.2% |
| Remuneration and social security454/9 | - | - | - | €12 | €3k | ▲ 23,042% |
| Other amounts payable47/48 | - | - | - | €15k | €23k | ▲ 50.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €-6k | €-3k | €-5k | €-42k | ▼ 771% |
| + Depreciation and write-downs630 | €5k | €5k | €211 | €216 | €438 | ▲ 103% |
| Operating cash flow (approximation) | €13k | €-874 | €-3k | €-5k | €-42k | ▼ 802% |
| Investment in fixed assets (approximation) | - | €0 | €-454 | €-859 | €0 | ▲ 100% |
| Change in cash | - | €-3k | €-7k | €1k | €-2k | ▼ 297% |
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
2023
07-11
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 17-10-2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
15-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 15 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2015
25-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
21-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lessines · 1 establishment unit since 2011
Ground area
3,860 m²
Building footprint
167 m²
Volume, LiDAR
2,181 m³
Parcel 55023D0536/00B002, Wallonia · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PANDORE
since 20112.197.932.896
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55023D0536/00B002 | Wallonia | 3,860 m² | 1 · 167 m² | 15.0 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FABIEN ZIMMER RUE DE GRAMMONT 97 A,
7860 LESSINES- .
Date provisoire de cessation de paiement : 17/10/2023 |
17-10-2023 → present |
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Of 911 companies in sector 47793 we hold annual accounts for 161. 95 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 (pre-2019)
Founded08-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47793Retail sale of other second-hand goods, excluding clothing
47792Retail sale of second-hand clothing
Contact
Phone
0486-655260Lessines
Scores and ratios are computed by Checked and are not a credit decision.