PANDA COMMUNICATIONS
ActivePANDA COMMUNICATIONS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €83k and a net result of €-10k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 8969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency80▼-15
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 2.61 in 2023), but 57.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
42.1%
Return on assets
-5.2%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
57 d late
2022
32 d late
2020
122 d late
2019
102 d late
2018
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€83k▼ 11.1%
2023 · €93k
2018: €31k
2019: €49k
2020: €35k
2022: €61k
2023: €93k
2018 → 2024
Total assets
€197k▲ 4.7%
2023 · €188k
2018: €47k
2019: €81k
2020: €59k
2022: €107k
2023: €188k
2018 → 2024
Net result
€-10k
2023 · €33k
2018: €12k
2019: €18k
2020: €-14k
2022: €46k
2023: €33k
2018 → 2024
Working capital
€83k▼ 28.5%
2023 · €116k
2018: €22k
2019: €30k
2020: €24k
2022: €60k
2023: €116k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202220232024Trend
Equity€49k-€35k▼ 27.9%€61k▲ 71.9%€93k▲ 53.9%€83k▼ 11.1%
Operating result€26k-€-12k€57k€39k▼ 30.7%€-9k
Net result€18k-€-14k€46k€33k▼ 29.5%€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €9k after €39k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €197k
Fixed assets
€28▼ 84.2%
Current assets
€197k▲ 4.8%
Equity and liabilities €197k
Equity
€83k▼ 11.1%
Debt
€114k▲ 20.3%
The debt ratio rises from 50.5% to 57.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-9k▼
2023 · €40k
Cash flow
€-10k▼
2023 · €33k
Solvency
42.1%▼
2023 · 49.5%
Current ratio
1.73▼
2023 · 2.61
Quick ratio
1.73▼
2023 · 2.61
Debt / equity
1.38▲
2023 · 1.02
ROE
-12.5%▼
2023 · 35.0%
ROA
-5.2%▼
2023 · 17.4%
Interest coverage
-27.69▼
2023 · 140.24
Debt
€114k▲
2023 · €95k
Debt ≤ 1 year
€114k▲
2023 · €72k
Income taxes
€983▼
2023 · €10k
Staff costs
€0▼
2023 · €337
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€188k€197k▲
Fixed assets21/28€177€28▼
Tangible fixed assets22/27€177€28▼
Furniture and vehicles24€177€28▼
Current assets29/58€188k€197k▲
Amounts receivable within one year40/41€163k€180k▲
Trade receivables40€126k€170k▲
Other amounts receivable41€36k€10k▼
Cash at bank and in hand54/58€25k€17k▼
Deferred charges and accrued income490/1€84€151▲
Equity and liabilities
Total equity and liabilities10/49€188k€197k▲
Equity10/15€93k€83k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€73k€62k▼
Amounts payable17/49€95k€114k▲
Amounts payable within one year42/48€72k€114k▲
Trade debts44€29k€65k▲
Suppliers440/4€29k€65k▲
Taxes, remuneration and social security45€33k€38k▲
Taxes450/3€30k€34k▲
Remuneration and social security454/9€4k€4k=
Other amounts payable47/48€10k€11k▲
Accrued charges and deferred income492/3€23k€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€337€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€369€149▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€44k€-6k▼
Operating profit (loss)9901€39k€-9k▼
Financial income75/76B€4k€2▼
Recurring financial income75€4k€2▼
Financial charges65/66B€284€321▲
Recurring financial charges65€284€321▲
Profit (loss) for the period before taxes9903€43k€-9k▼
Income taxes67/77€10k€983▼
Profit (loss) for the period9904€33k€-10k▼
Profit (loss) for the period to be appropriated9905€33k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€62k▼
Profit (loss) brought forward from the previous period14P€40k€73k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Weakest financial yearnet €-14k ▼176%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Tervuren
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.
Oppemstraat 323080 TervurenGround area
1,989 m²
Building footprint
207 m²
Volume, LiDAR
1,291 m³
Parcel 24302K0062/00S002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302K0062/00S002 | Flanders | 1,989 m² | 1 · 207 m² | 9.8 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 13,391 companies in sector 73300 we hold annual accounts for 6,882. 5,605 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2017
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
85599Other education
90029Arts creation and performing arts activities
90399Other support activities for arts and performing arts
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.