Pangolin
ActiveSummary
The computed 12-month bankruptcy probability of Pangolin is 1.8% (moderate). The 2025 annual accounts show equity of €3.7m and a net result of -€15,059. Equity remains stable across the filed fiscal years (±0.5% per year). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, micro schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 2,687 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,687 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €868 | - | €960 | €968 | - | - |
| Gross operating margin9900 | -€5,516 | -€7,348 | -€7,068 | -€8,336 | -€26,997 | ▼ 224% |
| Operating profit (loss)9901 | -€6,384 | -€7,348 | -€8,028 | -€9,304 | -€26,997 | ▼ 190% |
| Financial income75/76B | €52,108 | €48,647 | €51,267 | €285,565 | €57,191 | ▼ 80.0% |
| Recurring financial income75 | €52,108 | €48,647 | €51,267 | €471 | €1,787 | ▲ 279% |
| Non-recurring financial income76B | - | - | - | €285,094 | €55,404 | ▼ 80.6% |
| Financial charges65/66B | €13,634 | €93,416 | €48,909 | €115,379 | €45,253 | ▼ 60.8% |
| Recurring financial charges65 | €13,634 | €93,416 | €48,909 | €30,117 | €23,342 | ▼ 22.5% |
| Non-recurring financial charges66B | - | - | - | €85,262 | €21,911 | ▼ 74.3% |
| Profit (loss) for the period before taxes9903 | €32,090 | -€52,116 | -€5,670 | €160,882 | -€15,059 | ▼ 109% |
| Income taxes67/77 | €3,618 | €654 | €2,976 | €38,854 | - | - |
| Profit (loss) for the period9904 | €28,472 | -€52,770 | -€8,645 | €122,028 | -€15,059 | ▼ 112% |
| Profit (loss) for the period to be appropriated9905 | €28,472 | -€52,770 | -€8,645 | €122,028 | -€15,059 | ▼ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.0m | €5.7m | €5.5m | €5.1m | €4.6m | ▼ 9.9% |
| Fixed assets21/28 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Financial fixed assets28 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Current assets29/58 | €4.1m | €3.9m | €3.7m | €3.2m | €2.7m | ▼ 15.7% |
| Amounts receivable within one year40/41 | €1.4m | €1.2m | €1.0m | €0.6m | €0.1m | ▼ 82.3% |
| Other amounts receivable41 | €1.4m | €1.2m | €1.0m | €0.6m | €0.1m | ▼ 82.3% |
| Current investments50/53 | €2.3m | €2.4m | €2.6m | €2.4m | €2.3m | ▼ 7.1% |
| Cash at bank and in hand54/58 | €0.4m | €0.2m | €0.04m | €0.06m | €0.06m | ▲ 3.9% |
| Deferred charges and accrued income490/1 | €0.06m | €0.05m | €0.04m | €0.04m | €0.2m | ▲ 445% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.0m | €5.7m | €5.5m | €5.1m | €4.6m | ▼ 9.9% |
| Equity10/15 | €3.7m | €3.6m | €3.6m | €3.7m | €3.7m | ▼ 0.4% |
| Contributions10/11 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves not available under the articles1311 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | €0.6m | €0.6m | €0.6m | €0.7m | €0.7m | ▼ 2.2% |
| Amounts payable17/49 | €2.3m | €2.1m | €1.9m | €1.3m | €0.8m | ▼ 36.7% |
| Amounts payable within one year42/48 | €2.3m | €2.1m | €1.9m | €1.3m | €0.8m | ▼ 36.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €10 | - |
| Trade debts44 | €0.006m | €0.006m | €0.006m | €0.006m | €0.003m | ▼ 52.1% |
| Suppliers440/4 | €0.006m | €0.006m | €0.006m | €0.006m | €0.003m | ▼ 52.1% |
| Taxes, remuneration and social security45 | - | €0.001m | €0.004m | €0.04m | €0.2m | ▲ 405% |
| Taxes450/3 | - | €0.001m | €0.004m | €0.04m | €0.2m | ▲ 405% |
| Other amounts payable47/48 | €2.3m | €2.1m | €1.9m | €1.3m | €0.6m | ▼ 50.5% |
| Accrued charges and deferred income492/3 | €93 | €0.01m | €0.01m | €0.02m | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,472 | -€52,770 | -€8,645 | €122,028 | -€15,059 | ▼ 112% |
| Operating cash flow (approximation) | €28,472 | -€52,770 | -€8,645 | €122,028 | -€15,059 | ▼ 112% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€180,050 | -€195,152 | €23,911 | €2,393 | ▼ 90.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.