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PANDROL

Active
Public limited companyfounded 198145 yrs activeBrusselsesteenweg 346, 3090 Overijse, BelgiumKBO/BCE: BE 0421.718.683
Summary

PANDROL has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.2m and a net result of -€926,966. Equity is growing by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 6131 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
PANDROLActiveChecked score 67/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46839NACE 46739
#9 employer in Overijse, Wholesale and retail trade sector1 site
Size
€4.9mturnover 2024
Staff
15.1 FTE
Equity
€2.2m
Loss
-€926,966
Financial health
67 Healthy Checked score 2024
Bankruptcy chance 12 m
0.8%
Structure
Parent
CONIL HOLDINGS BV
Board
3 members
Holdings
1
Auditor: MazarsAccounts 66 d overdue
Why 67- Figures for FY 2024 (filed 29-08-2025)- Loss of €926,966 (FY 2024)+ Founded in 1981+ Liquidity: current ratio 1.68, cash €1.2mShow the evidence

Checked score

Score 2024
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 34% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 70-18
equity 45.4% of total assets
Liquidity 54-19
short-term debt 54.5% · cash 25.8%
Profitability 0-71
return on assets -19.3%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,378 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -5.1% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%▼ -1.8% vs 03-2025lowest value 05-2025: 0.1%▲ +27.3% vs 04-2025 06-2025: 0.1%▲ +1.4% vs 05-2025 07-2025: 0.1%▲ +4.2% vs 06-2025 08-2025: 0.2%▲ +103% vs 07-2025 09-2025: 0.3%▲ +72.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%● 0.0% vs 12-2025 02-2026: 0.2%▼ -3.9% vs 01-2026 03-2026: 0.2%● 0.0% vs 02-2026 04-2026: 0.3%▲ +2.4% vs 03-2026 05-2026: 0.3%▲ +2.0% vs 04-2026 06-2026: 0.3%▲ +1.5% vs 05-2026 07-2026: 0.2%▼ -5.3% vs 06-2026 08-2026: 0.5%▲ +88.4% vs 07-2026 09-2026: 0.5%▲ +11.3% vs 08-2026 10-2026: 0.8%▲ +52.9% vs 09-2026highest value
  • Figures for FY 2024 (filed 29-08-2025) raises the probability
  • Loss of €926,966 (FY 2024) raises the probability
  • Founded in 1981 lowers the probability for this profile
  • Liquidity: current ratio 1.68, cash €1.2m lowers the probability
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 1.68 against 2.54 in 2023; short-term debt: 54.5% and cash: 25.8% of total assets), but 54.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 53%, liquidity 72%, profitability 1%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 29-08-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €926,966 (FY 2024)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1981
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 1.68, cash €1.2m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
15 d early
2022
24 d early
2021
62 d early
2020
60 d early
2019
41 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: Nicolas GROULT (director)Appointment: Guy TALBOURDET (director) ·…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Resignation: Fabrice SEEWALD (director)Appointment: Arnaud PIERRARD (director) ·…

Key points

  • Caution: From profit to loss in 2024after €394,446 in 2023 -€926,966 View
  • Caution: Among the weakest 5% on net resultsector median €91,096 · 6,142 companies -€926,966 View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
  • Controlled by CONIL HOLDINGS BVitself parent of 1 companies parent View
  • Board changedlatest change 12-12-2025 · 3 in office 1 joined · 1 left View
  • Active since 1981founded 30-06-1981 45 years View

By topic

Financials

Fiscal year
2024
Turnover
€4.9m
Loss
-€926,966
Solvency
45.4%
Turnover▼ 22.0%
Net result
20182024
Go to Financials

Timeline

Events
38
Since
2005
  1. 25-02-2026Resignation: Nicolas GROULT (director)
  2. 29-08-2025Annual accounts filed
  3. 01-04-2025Resignation: Fabrice SEEWALD (director)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46839
Founded
30-06-1981
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
De productie en verkoop van alle soorten spoorwegmateriaal; om het ambacht van smid…
Go to Articles of association

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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