YANG PAN
ActiveSummary
YANG PAN has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158,006 and a net result of €8,112. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 1317 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-2
Solvency100▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 6.5 against 3.6 in 2024; short-term debt: 12.3% and cash: 2.9% of total assets), and 18.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
81.6%
Return on assets
4.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
30 d late
2022
11 d early
2021
19 d late
2020
13 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€158,006▲ 5.4%
2024 · €149,894
Total assets
€193,681▼ 7.6%
2024 · €209,690
Net result
€8,112▼ 34.2%
2024 · €12,329
Working capital
€130,621▲ 23.4%
2024 · €105,832
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€29,966▼ 17.8%€19,333▼ 35.5%-€486€16,126€13,745▼ 14.8%
Net result€21,686▼ 28.7%€10,957▼ 49.5%-€2,876€12,329€8,112▼ 34.2%
Equity€129,485▲ 20.1%€140,441▲ 8.5%€137,565▼ 2.0%€149,894▲ 9.0%€158,006▲ 5.4%
Total assets€208,114▲ 9.6%€189,507▼ 8.9%€208,323▲ 9.9%€209,690▲ 0.7%€193,681▼ 7.6%
Debt€75,229▼ 4.4%€49,065▼ 34.8%€70,758▲ 44.2%€59,797▼ 15.5%€35,675▼ 40.3%
Working capital€75,169▲ 24.2%€82,745▲ 10.1%€81,800▼ 1.1%€105,832▲ 29.4%€130,621▲ 23.4%
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 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193,681
Fixed assets
€39,312 ▼ 37.7%
Current assets
€154,369 ▲ 5.3%
Equity and liabilities €193,681
Equity
€158,006 ▲ 5.4%
Debt
€35,675 ▼ 40.3%
Debt's share of the balance-sheet total falls from 28.5% to 18.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,787▼
2024 · €45,741
Cash flow
€34,155▼
2024 · €41,944
Current ratio
6.50▲
2024 · 3.60
Debt to equity
0.23▼
2024 · 0.40
ROE
5.1%▼
2024 · 8.2%
ROA
4.2%▼
2024 · 5.9%
Interest coverage
14.49▼
2024 · 21.88
Debt ≤ 1 year
€23,748▼
2024 · €40,753
Debt > 1 year
€11,927▼
2024 · €19,043
Income taxes
€3,638▼
2024 · €4,366
Staff costs
€378▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €0 | - | €633 | €0 | €378 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,529 | €26,149 | €26,850 | €29,615 | €26,043 | ▼ 12.1% |
| Other operating charges640/8 | €1,023 | €8,899 | €8,943 | €8,897 | €9,287 | ▲ 4.4% |
| Non-recurring operating charges66A | - | -€3,400 | €0 | - | - | - |
| Gross operating margin9900 | €54,518 | €50,981 | €35,940 | €54,638 | €49,452 | ▼ 9.5% |
| Operating profit (loss)9901 | €29,966 | €19,333 | -€486 | €16,126 | €13,745 | ▼ 14.8% |
| Financial income75/76B | €25 | €0 | €428 | €2,659 | €751 | ▼ 71.8% |
| Recurring financial income75 | €25 | €0 | €428 | €2,659 | €751 | ▼ 71.8% |
| Financial charges65/66B | €3,188 | €4,076 | €2,592 | €2,090 | €2,746 | ▲ 31.4% |
| Recurring financial charges65 | €3,188 | €4,076 | €2,592 | €2,090 | €2,746 | ▲ 31.4% |
| Profit (loss) for the period before taxes9903 | €26,804 | €15,257 | -€2,651 | €16,694 | €11,750 | ▼ 29.6% |
| Income taxes67/77 | €5,118 | €4,300 | €226 | €4,366 | €3,638 | ▼ 16.7% |
| Profit (loss) for the period9904 | €21,686 | €10,957 | -€2,876 | €12,329 | €8,112 | ▼ 34.2% |
| Profit (loss) for the period to be appropriated9905 | €21,686 | €10,957 | -€2,876 | €12,329 | €8,112 | ▼ 34.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208,114 | €189,507 | €208,323 | €209,690 | €193,681 | ▼ 7.6% |
| Fixed assets21/28 | €90,501 | €77,284 | €91,476 | €63,105 | €39,312 | ▼ 37.7% |
| Tangible fixed assets22/27 | €90,501 | €77,284 | €91,476 | €63,105 | €39,312 | ▼ 37.7% |
| Land and buildings22 | €20,720 | €21,603 | €19,064 | €16,525 | €13,987 | ▼ 15.4% |
| Plant, machinery and equipment23 | €13,692 | €10,033 | €6,158 | €2,918 | €908 | ▼ 68.9% |
| Furniture and vehicles24 | €52,249 | €45,647 | €66,254 | €43,662 | €24,418 | ▼ 44.1% |
| Other tangible fixed assets26 | €3,840 | €0 | - | - | - | - |
| Current assets29/58 | €117,613 | €112,223 | €116,847 | €146,585 | €154,369 | ▲ 5.3% |
| Amounts receivable within one year40/41 | €19,737 | €6,480 | €3,321 | €2,873 | €3,278 | ▲ 14.1% |
| Trade receivables40 | €16,224 | €3,342 | €1,278 | €0 | - | - |
| Other amounts receivable41 | €3,514 | €3,138 | €2,044 | €2,873 | €3,278 | ▲ 14.1% |
| Current investments50/53 | - | - | €100,000 | €135,000 | €140,000 | ▲ 3.7% |
| Cash at bank and in hand54/58 | €94,301 | €102,706 | €8,767 | €3,532 | €5,674 | ▲ 60.6% |
| Deferred charges and accrued income490/1 | €3,574 | €3,037 | €4,758 | €5,180 | €5,417 | ▲ 4.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208,114 | €189,507 | €208,323 | €209,690 | €193,681 | ▼ 7.6% |
| Equity10/15 | €129,485 | €140,441 | €137,565 | €149,894 | €158,006 | ▲ 5.4% |
| Contributions10/11 | €43,592 | €43,592 | €43,592 | €43,592 | €43,592 | = |
| Reserves13 | €85,759 | €96,059 | €96,059 | €106,302 | €114,414 | ▲ 7.6% |
| Non-distributable reserves130/1 | €4,359 | €4,359 | €0 | - | - | - |
| Reserves not available under the articles1311 | €4,359 | €4,359 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €22,700 | €22,700 | = |
| Distributable reserves133 | €81,400 | €91,700 | €96,059 | €83,602 | €91,714 | ▲ 9.7% |
| Profit (loss) carried forward14 | €133 | €790 | -€2,086 | €0 | - | - |
| Provisions and deferred taxes16 | €3,400 | €0 | - | - | - | - |
| Provisions for liabilities and charges160/5 | €3,400 | €0 | - | - | - | - |
| Other liabilities and charges164/5 | €3,400 | €0 | - | - | - | - |
| Amounts payable17/49 | €75,229 | €49,065 | €70,758 | €59,797 | €35,675 | ▼ 40.3% |
| Amounts payable after more than one year17 | €29,185 | €19,587 | €35,712 | €19,043 | €11,927 | ▼ 37.4% |
| Financial debts170/4 | €29,185 | €19,587 | €35,712 | €19,043 | €11,927 | ▼ 37.4% |
| Amounts payable within one year42/48 | €42,444 | €29,478 | €35,046 | €40,753 | €23,748 | ▼ 41.7% |
| Current portion of amounts payable after more than one year42 | €9,470 | €9,598 | €16,244 | €16,668 | €7,116 | ▼ 57.3% |
| Financial debts43 | €13 | €13 | €13 | €0 | - | - |
| Credit institutions430/8 | €13 | €13 | €13 | €0 | - | - |
| Trade debts44 | €21,220 | €8,756 | €10,851 | €10,838 | €8,447 | ▼ 22.1% |
| Suppliers440/4 | €21,220 | €8,756 | €10,851 | €10,838 | €8,447 | ▼ 22.1% |
| Advances received on contracts in progress46 | €2,351 | €2,651 | €2,521 | €2,152 | €3,792 | ▲ 76.2% |
| Taxes, remuneration and social security45 | €5,533 | €4,714 | €1,825 | €3,568 | €4,188 | ▲ 17.4% |
| Taxes450/3 | €5,533 | €4,714 | €225 | €3,568 | €4,188 | ▲ 17.4% |
| Remuneration and social security454/9 | - | - | €1,600 | €0 | - | - |
| Other amounts payable47/48 | €3,857 | €3,745 | €3,592 | €7,527 | €205 | ▼ 97.3% |
| Accrued charges and deferred income492/3 | €3,600 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,686 | €10,957 | -€2,876 | €12,329 | €8,112 | ▼ 34.2% |
| + Depreciation and write-downs630 | €23,529 | €26,149 | €26,850 | €29,615 | €26,043 | ▼ 12.1% |
| Operating cash flow (approximation) | €45,214 | €37,106 | €23,973 | €41,944 | €34,155 | ▼ 18.6% |
| Investment in fixed assets (approximation) | - | -€12,932 | -€41,042 | -€1,244 | -€2,250 | ▼ 80.9% |
| Change in cash | - | €8,405 | -€93,939 | -€5,235 | €2,142 | ▲ 141% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €150,000Eq €158,006 ▲5.4%
2 profitable years in a row build equity to €158,006.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €12,329
Net result €12,329 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€2,876
Net result drops to -€2,876, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Highest result since 2018net €30,430 ▲118%
Operating result €36,477, net result €30,430, both a record.
31-12
Financial
Equity above €100,000Eq €107,799 ▲39.3%
3 profitable years in a row build equity to €107,799.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Show earlier events
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Blankenberge · 1 establishment unit since 2006
Ground area
108 m²
Building footprint
108 m²
Volume, LiDAR
1,613 m³
Parcel 31004A0793/00B019, Flanders · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Claridge
since 20062.152.923.017
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31004A0793/00B019 | Flanders | 108 m² | 1 · 108 m² | 17.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBlankenberge2.152.923.017
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Of 2,393 companies in sector 55100 we hold annual accounts for 1,515. 1,094 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-05-1997
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460715752
Also
9925:BE0460715752
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.