Tribulation Panda
ActiveTribulation Panda has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €19k. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 75% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▲+30
Solvency100▲+9
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 4.91 against 2.64 in 2024; short-term debt: 19.2% and cash: 6.2% of total assets), and 19.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.8%
Return on assets
24%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €63k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 9 filingsDeviation from the deadline
2025
27 d late
2024
56 d late
2023
90 d late
2022
67 d late
2021
424 d late
2020
144 d late
2019
363 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€63k▲ 42.2%
2024 · €44k
2018: €67k
2019: €85k
2020: €54k
2021: €54k
2022: €54k
2023: €42k
2024: €44k
2018 → 2025
Total assets
€77k▲ 15.8%
2024 · €67k
2018: €90k
2019: €132k
2020: €155k
2021: €179k
2022: €129k
2023: €105k
2024: €67k
2018 → 2025
Net result
€19k▲ 704%
2024 · €2k
2018: €13k
2019: €17k
2020: €15k
2021: €26k
2022: €8k
2023: €21k
2024: €2k
2018 → 2025
Working capital
€58k▲ 54.9%
2024 · €38k
2018: €58k
2019: €74k
2020: €50k
2021: €46k
2022: €46k
2023: €34k
2024: €38k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€54k=€42k▼ 23.3%€44k▲ 5.5%€63k▲ 42.2%
Operating result€30k-€12k▼ 60.3%€24k▲ 105%€3k▼ 86.2%€25k▲ 659%
Net result€26k-€8k▼ 70.8%€21k▲ 180%€2k▼ 89.1%€19k▲ 704%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 659% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77k
Fixed assets
€4k▼ 32.0%
Current assets
€73k▲ 20.8%
Equity and liabilities €77k
Equity
€63k▲ 42.2%
Debt
€15k▼ 35.0%
The debt ratio falls from 34.3% to 19.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27k▲
2024 · €6k
Cash flow
€21k▲
2024 · €5k
Solvency
80.8%▲
2024 · 65.7%
Current ratio
4.91▲
2024 · 2.64
Quick ratio
4.91▲
2024 · 2.64
Debt / equity
0.24▼
2024 · 0.52
ROE
29.7%▲
2024 · 5.3%
ROA
24.0%▲
2024 · 3.5%
Interest coverage
20.46▲
2024 · 5.48
Debt
€15k▼
2024 · €23k
Debt ≤ 1 year
€15k▼
2024 · €23k
Income taxes
€8k▲
2024 · €4k
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€67k€77k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€4k€2k▼
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€61k€73k▲
Amounts receivable within one year40/41€55k€65k▲
Trade receivables40€17k€9k▼
Other amounts receivable41€38k€56k▲
Cash at bank and in hand54/58€2k€5k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€67k€77k▲
Equity10/15€44k€63k▲
Contributions10/11€19k€19k=
Reserves13€25k€44k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€24k€42k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€23k€15k▼
Amounts payable within one year42/48€23k€15k▼
Financial debts43€3k€94▼
Credit institutions430/8€3k€94▼
Trade debts44€3k€5k▲
Suppliers440/4€3k€5k▲
Taxes, remuneration and social security45€16k€10k▼
Taxes450/3€16k€10k▼
Other amounts payable47/48€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€7k€29k▲
Operating profit (loss)9901€3k€25k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€6k€27k▲
Income taxes67/77€4k€8k▲
Profit (loss) for the period9904€2k€19k▲
Profit (loss) for the period to be appropriated9905€2k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€19k▲
Transfer from equity791/2€0-
Transfer to equity691/2€2k€19k▲
To other reserves6921€2k€19k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (9 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Weakest financial yearnet €2k ▼89.1%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 424 days late
2021
31-12
Financial
Highest result since 2018net €26k ▲75.9%
Operating result €30k, net result €26k, both a record.
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 144 days late
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 363 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 380 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Retie · 1 establishment unit since 2016
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.
Werbeek 72470 RetieGround area
994 m²
Building footprint
194 m²
Volume, LiDAR
919 m³
Parcel 13036E0023/00R000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tribulation Panda
since 20162.254.746.390
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036E0023/00R000 | Flanders | 994 m² | 1 · 194 m² | 8.8 m · 2 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.
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 15,487 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-05-2016
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.