PNAH

Active

Private limited companyfounded 20188 yrs activeTorhoutsesteenweg 183, 8210 Zedelgem, BelgiumKBO/BCE: BE 0700.885.178

The computed 12-month bankruptcy probability of PNAH is 1.6% (moderate). The 2024 annual accounts show equity of €76k and a net result of €12k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 68% of 6717 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

58 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability60▼-4

Solvency81▲+6

Growth78=

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days only on tighter terms

Liquidity ample (current ratio 2.26 against 2.01 in 2023; short-term debt: 44.2% and cash: 3.7% of total assets), and 44.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

55.8%

Return on assets

9.1%

Age of the figures

21 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

153 d late

2023

49 d early

2022

31 d early

2021

26 d late

2020

84 d late

2019

28 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€76k▲ 19.5%

2023 · €63k

2019: €29k 2020: €37k 2021: €42k 2022: €50k 2023: €63k

2019 → 2024

Total assets

€136k▲ 7.7%

2023 · €126k

2019: €64k 2020: €55k 2021: €60k 2022: €88k 2023: €126k

2019 → 2024

Net result

€12k▼ 5.9%

2023 · €13k

2019: €10k 2020: €8k 2021: €5k 2022: €8k 2023: €13k

2019 → 2024

Working capital

€76k▲ 19.5%

2023 · €63k

2019: €29k 2020: €37k 2021: €42k 2022: €50k 2023: €63k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€37k-€42k▲ 13.6%€50k▲ 19.9%€63k▲ 26.2%€76k▲ 19.5%

Operating result€11k-€7k▼ 34.8%€12k▲ 70.6%€19k▲ 56.0%€18k▼ 8.2%

Net result€8k-€5k▼ 35.9%€8k▲ 66.2%€13k▲ 57.8%€12k▼ 5.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 8% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €136k

55.8%

44.2%

Equity €76k▲ 19.5%

Debt €60k▼ 4.3%

The debt ratio falls from 49.8% to 44.2%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

Solvency

55.8%▲

2023 · 50.2%

Current ratio

2.26▲

2023 · 2.01

Quick ratio

1.97▲

2023 · 1.73

Debt / equity

0.79▼

2023 · 0.99

ROE

16.3%▼

2023 · 20.7%

ROA

9.1%▼

2023 · 10.4%

Debt

€60k▼

2023 · €63k

Debt ≤ 1 year

€60k▼

2023 · €63k

Income taxes

€5k▲

2023 · €4k

Staff costs

€10k▼

2023 · €14k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€126k€136k▲

Current assets29/58€126k€136k▲

Stocks and contracts in progress3€18k€17k▼

Stocks30/36€18k€17k▼

Amounts receivable within one year40/41€100k€113k▲

Trade receivables40€74k€47k▼

Other amounts receivable41€25k€66k▲

Cash at bank and in hand54/58€8k€5k▼

Deferred charges and accrued income490/1-€739

Equity and liabilities

Total equity and liabilities10/49€126k€136k▲

Equity10/15€63k€76k▲

Contributions10/11€19k€19k=

Reserves13€45k€57k▲

Distributable reserves133€45k€57k▲

Amounts payable17/49€63k€60k▼

Amounts payable within one year42/48€63k€60k▼

Trade debts44€50k€48k▼

Suppliers440/4€50k€48k▼

Taxes, remuneration and social security45€13k€12k▼

Taxes450/3€9k€10k▲

Remuneration and social security454/9€4k€2k▼

Income statement Code20232024

Remuneration, social security and pensions62€14k€10k▼

Other operating charges640/8€670€578▼

Gross operating margin9900€34k€28k▼

Operating profit (loss)9901€19k€18k▼

Financial income75/76B-€519

Recurring financial income75-€519

Financial charges65/66B€2k€1k▼

Recurring financial charges65€2k€1k▼

Profit (loss) for the period before taxes9903€17k€17k▼

Income taxes67/77€4k€5k▲

Profit (loss) for the period9904€13k€12k▼

Profit (loss) for the period to be appropriated9905€13k€12k▼

Appropriation of the result

Profit (loss) to be appropriated9906€13k€12k▼

Transfer to equity691/2€13k€12k▼

To other reserves6921€13k€12k▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 2Filings 6

2025

31-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 153 days late

2024

12-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2019net €13k ▲57.8%

Operating result €19k, net result €13k, both a record.

30-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

26-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 26 days late

2021

31-12

Financial Weakest financial yearnet €5k ▼35.9%

Net result drops to €5k, the lowest in the series; recovery starts the following year.

23-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 84 days late

2020

28-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 28 days late

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 2026

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.

14-01-2026 ASGHAR Muhammad: Resigned as Director

05-12-2025 RATHORE Muhammad: Resigned as Director

08-03-2019 Samar Zaheel: Resigned as Manager

31-12-2018 SHOMYLZEY Sveta: Resigned as Manager

Location & real-estate footprint

Registered office, Zedelgem · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Torhoutsesteenweg 1838210 Zedelgem

Ground area

1,471 m²