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PANADEM

Active
Private limited company (pre-2019)founded 2016active for 9 yearsEdmond Parmentierlaan 18A, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0667.823.719
Summary

PANADEM has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64,909 and a net result of €36,653. Equity has been growing by about 8.1% per year since 2018. Its solvency ranks better than 51% of 22,773 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

Source: KBO
Status
Active since 19-12-2016 Normal situation
Activity
Retail sale of pharmaceutical products NACE 47730
Establishment unit
2.262.091.171 1150 Sint-Pieters-Woluwe, since 01-01-2017
Financial year end
31 December
Peppol
Reachable since 26-11-2025

Board and ownership

Board
  • sotchua nanaDirector

Financial position

85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Gross margin
€86,431
▲ 0.5%
Turnover
≈ €420,000
estimated
Profit
€36,653
▲ 80.4%
Equity
€64,909
▲ 34.5%
Total assets
€188,078
▼ 9.8%
Staff
0.3 FTE
▼ 70.0%
Filed on 15-06-2026, 46 days before the deadline
Score breakdownraises riskSector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 1.38, cash €27,940Figures for financial year 2025 (filed on 15-06-2026)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 63% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Strong
Solvency 60+12
equity 34.5% of total assets
Liquidity 36+2
short-term debt 62.1% · cash 14.9%
Profitability 93+12
return on assets 19.5%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 0.7% 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.6%▼ -0.1 percentage points vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.7%▲ +0.1 percentage points vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.6%▼ -0.1 percentage points vs 05-2025 07-2025: 0.8%▲ +0.2 percentage points vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.7%▼ -0.1 percentage points vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.9%▲ +0.2 percentage points vs 03-2026highest value 05-2026: 0.8%▼ -0.1 percentage points vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 0.4%▼ -0.4 percentage points vs 06-2026lowest value 08-2026: 0.4%● unchanged vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value 11-2026: 0.4%● unchanged vs 10-2026lowest value
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.38 (1.34 in 2024), below the usual 1.5. Short-term debt is 62.1% and cash 14.9% of total assets. 65.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 50% of them on solvency, 33% on liquidity, 87% on profitability and 81% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Four signals.
lowers riskraises riskneutral
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Liquidity: current ratio 1.38, cash €27,940
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 15-06-2026)
NBB · annual accounts
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 15-06-2026, 46 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
46 days early
2024
31 days early
2023
27 days early
2022
27 days early
2021
26 days early
2020
30 days early
2019
37 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 83% of companies in retail tradesector median €5,084 · 22,754 companies €36,653 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €36,653 8 years View

Recent changes

  1. · Gazette deed Incorporation
All 12 events

Comparable companies

These companies have the same main activity as PANADEM: retail sale of pharmaceutical products (NACE 47730). They are comparable in size and age: total assets between €184,000 and €252,000, founded between 2013 and 2019.

CompanyTotal assetsGross margin
PANADEM Sint-Pieters-Woluwe€188,078€86,431
LYNAPHARMA Sint-Gillis (bij-Brussel)€192,062€68,533
PHARMACIE DES ARCHIDUCS Watermaal-Bosvoorde€205,364€97,965
KLINICARE SHOP BENELUX Ukkel€201,725€90,058
PHARMACIE VR Quiévrain€223,631€103,045
Pharmed Schaarbeek€183,800€71,199
PHARMACIE VAN HONG Brussel€251,566€75,636
Full comparison

Key facts about PANADEM

What is the company number of PANADEM?
The company number of PANADEM is 0667.823.719. The VAT number is the same number with BE in front: BE 0667.823.719.
Where is PANADEM based?
The registered office is at Edmond Parmentierlaan 18A, 1150 Sint-Pieters-Woluwe.Company details
What does PANADEM do?
According to the KBO register, the main activity is retail sale of pharmaceutical products (NACE 47730).
What is the legal form of PANADEM?
The legal form of PANADEM is Private limited company (pre-2019) (BVBA).
When was PANADEM founded?
PANADEM was founded on 19-12-2016.
Is PANADEM still active?
Yes, PANADEM is an active enterprise in the KBO register.
How many employees does PANADEM have?
PANADEM had an average of 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PANADEM?
The turnover in financial year 2025 is ≈ €420,000. This figure is estimated from the gross margin of €86,431 and 44 comparable companies (NACE 477). It probably lies between €220,000 and €570,000.
Is PANADEM profitable?
In financial year 2025, PANADEM made a profit of €36,653.
Where can I find the annual accounts of PANADEM?
PANADEM filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PANADEM due?
PANADEM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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