Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Panda Express is 2.6% (moderate). The 2021 annual accounts show equity of €38k and a net result of €18k. Its solvency ranks better than 89% of 2241 sector peers (fiscal year 2021). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Signals
Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wideFiled after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-08-2022, 24 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.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2021, that is 31-07-2022.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2021 | 31-07-2022 | 24-08-2022 | 24 d late | 2022-20320312 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.6%
Moderate
0%0,5%1,5%4%10%≥25%
Lower-risk legal form
−Higher-failure-rate sector
+Young company
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€18k
Working capital€16k
Annual accounts & ratios
Source: NBB · 2021Annual accounts filed on 24-08-2022 with the NBB · fiscal year 2021 · micro
Sector comparison
Fiscal year 2021 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 74.0% | 22.3% | |
| Net result | €18k | €3k | |
| Equity | €38k | €13k | |
| Gross operating margin | €44k | €30k | |
| Staff costs | €16k | €27k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2021 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €25k |
| Net profit | €18k |
| Cash flow | €20k |
| Staff costs | €16k |
| Income taxes | €5k |
| Dividends | - |
| Total assets | €51k |
| Equity | €38k |
| Debt | €13k |
| of which ≤ 1y | €13k |
| of which > 1y | - |
| Working capital | €16k |
| Employees (FTE) | 0.8 |
Ratios (computed)
| 2021 | |
|---|---|
| Current ratio | 2.23 |
| Quick ratio | 1.90 |
| Working capital ratio | 31.9% |
| Solvency | 74.0% |
| Debt / equity | 0.35 |
| Long-term debt ratio | - |
| Interest coverage | 117.63 |
| Gross margin | - |
| Net margin | - |
| ROA | 34.8% |
| ROE | 47.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2021
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €51k |
| Fixed assets | 21/28 | €21k |
| Tangible fixed assets | 22/27 | €18k |
| Financial fixed assets | 28 | €3k |
| Current assets | 29/58 | €30k |
| Stocks & contracts in progress | 3 | €4k |
| Amounts receivable within one year | 40/41 | €1k |
| Cash & bank | 54/58 | €10k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €51k |
| Equity | 10/15 | €38k |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €10k |
| Accumulated profits (losses) | 14 | €8k |
| Amounts payable | 17/49 | €13k |
| Amounts payable within one year | 42/48 | €13k |
| Trade debts payable within one year | 44 | €5k |
| Income statement | ||
| Gross operating margin | 9900 | €44k |
| Operating result | 9901 | €23k |
| Financial charges | 65 | €216 |
| Result before taxes | 9903 | €23k |
| Income taxes | 67/77 | €5k |
| Net result for the period | 9904 | €18k |
| Result to be appropriated | 9905 | €18k |
Ratios computed by Checked.
Health barometer
FY 2021 · computed93
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2021. Indicative, not credit advice.
Directors
Directors & mandates
2 directors2 of this company's 2 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
WEN YikeGéranteState Gazette act 23054531 (21-04-2023)Current21-04-2023 → present
Former directors (1)
-
HUA JianminGéranteState Gazette act 23054531 (21-04-2023)Former- → 21-04-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Catering van evenementen(56210) |
| Legal form | General partnership(011) |
| Incorporation | 04-12-2020 |
| Status | Active |
| Postal code | 7130 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationPanda Express
since 20212.312.192.562
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area143 m²
Buildings1
Building footprint66 m²
Volume (LiDAR)944 m³
Tallest building16.1 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56011B0825/00C000 | Wallonia | 143 m² | 1 · 65 m² | 16.1 m · 5 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts Capital history · 1
21-04-2023
Capital change
All acts · 1
updated 3 years ago
2023
21-04-2023 All shares are now held by a single shareholder
Analysis
Financial profile
4 of 5 axes measured93
/ 100
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
93
Profitability
100
Solvency
100
Growth
-
Stability
79
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 697 of the 7,522 companies in this sector. 585 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Catering56210Catering van evenementen56210Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112
Primary activity highlighted.
Names & trade names
| Legal nameFR | Panda Express |
Registered office
Avenue Charles Deliège(BIN) 64
7130 Binche, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.