Peignoir & Panda
ActivePeignoir & Panda has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €-3k. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-27
Solvency58▲+9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.3%
Return on assets
-17.3%
Age of the figures
9 mo
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-3k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
65 d early
2023
82 d early
2022
73 d early
2021
26 d late
2020
52 d early
2019
78 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k▼ 12.6%
2024 · €-3k
2018: €623
2019: €1k
2020: €54
2021: €3k
2022: €-1k
2023: €955
2024: €-3k
2018 → 2025
Working capital
€4k▼ 51.3%
2024 · €8k
2018: €3k
2019: €2k
2020: €358
2021: €7k
2022: €10k
2023: €12k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€13k▼ 9.6%€12k▼ 5.9%€9k▼ 23.3%€6k▼ 34.1%
Operating result€6k-€1k▼ 75.1%€1k▼ 3.6%€448▼ 66.7%€-2k
Net result€3k-€-1k€955€-3k€-3k▼ 12.6%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €448 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18k
Fixed assets
€2k▲ 95.8%
Current assets
€16k▼ 57.5%
Equity and liabilities €18k
Equity
€6k▼ 34.1%
Debt
€12k▼ 59.2%
The debt ratio falls from 76.4% to 66.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-1k▼
2024 · €1k
Cash flow
€-2k▼
2024 · €-2k
Solvency
33.3%▲
2024 · 23.6%
Current ratio
1.33▲
2024 · 1.27
Quick ratio
1.33▲
2024 · 1.27
Debt / equity
2.00▼
2024 · 3.23
ROE
-51.8%▼
2024 · -30.3%
ROA
-17.3%▼
2024 · -7.2%
Interest coverage
-3.14▼
2024 · 2.09
Debt
€12k▼
2024 · €30k
Debt ≤ 1 year
€12k▼
2024 · €30k
Income taxes
€282▼
2024 · €3k
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€40k€18k▼
Fixed assets21/28€1k€2k▲
Tangible fixed assets22/27€1k€2k▲
Furniture and vehicles24€1k€2k▲
Current assets29/58€38k€16k▼
Amounts receivable within one year40/41€38k€11k▼
Trade receivables40€37k€11k▼
Other amounts receivable41€1k-
Cash at bank and in hand54/58€32€6k▲
Equity and liabilities
Total equity and liabilities10/49€40k€18k▼
Equity10/15€9k€6k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€4k€1k▼
Amounts payable17/49€30k€12k▼
Amounts payable within one year42/48€30k€12k▼
Financial debts43€4k-
Credit institutions430/8€4k-
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€13k€6k▼
Taxes450/3€13k€6k▼
Other amounts payable47/48€9k€363▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€787€979▲
Other operating charges640/8€915€1k▲
Gross operating margin9900€2k€-152▼
Operating profit (loss)9901€448€-2k▼
Financial charges65/66B€590€466▼
Recurring financial charges65€590€466▼
Profit (loss) for the period before taxes9903€-142€-3k▼
Income taxes67/77€3k€282▼
Profit (loss) for the period9904€-3k€-3k▼
Profit (loss) for the period to be appropriated9905€-3k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€1k▼
Profit (loss) brought forward from the previous period14P€7k€4k▼
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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €955
Net result €955 after one loss-making year.
19-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €3k ▲4904%
Operating result €6k, net result €3k, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-12-2022
Resigned as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2014
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.
Emile de Becolaan 471050 ElseneGround area
124 m²
Building footprint
131 m²
Volume, LiDAR
1,797 m³
Parcel 21443C0241/00B003, Brussels · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
PEIGNOIR ET PANDA
since 20142.236.092.302
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0241/00B003 | Brussels | 124 m² | 1 · 131 m² | 19.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ATELIER LATTREZ
BE 0763.431.669
Gent · Eq €6k
RHEA
BE 0433.869.518
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FONTANA RH
BE 0790.990.953
Brussel · Eq €6k
Thomas Marcos
BE 0785.620.222
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EHLab
BE 0727.781.397
Liège · Eq €6k
Of 1,323 companies in sector 59111 we hold annual accounts for 688. 354 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-10-2014
Fiscal year end31-12
Activities, NACEBEL
59111Production of cinema films
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.