Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
THE PAND from Brugge, company number BE0461463444, closed financial year 2025 with a result of € 42,395 after tax. For that financial year THE PAND recorded a gross margin of € 757,312 and equity of € 225,471. Compared with financial year 2024, the result moved from € 23,571 to € 42,395. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 225,471
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 42,395
▲ 80% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -449,529.
People and assets in 2025
13.8
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 565,696
▼ 6% vs 2024
€ 41,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 32,987
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 182,743
▼ 20% vs 2024
€ 53,060 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 122,102
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 42,387
▼ 36% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 826,268 | € 843,976 | € 797,439 | € 757,312 | ▼ 5% |
| Profit after taxes | € 107,353 | € 32,748 | € 23,571 | € 42,395 | ▲ 80% |
| Equity | € 126,757 | € 159,505 | € 183,076 | € 225,471 | ▲ 23% |
| Total debts | € 931,394 | € 937,507 | € 536,377 | € 463,456 | ▼ 14% |
| Cash | € 140,478 | € 111,031 | € 80,022 | - | |
| Retained profit | € -555,743 | € -515,495 | € -491,924 | € -449,529 | ▲ € 42,395 |
| Bank debt | € 532,402 | € 392,242 | € 227,644 | € 182,743 | ▼ 20% |
| Balance sheet total | € 1,058,151 | € 1,097,011 | € 719,452 | € 688,926 | ▼ 4% |
| Employees (FTE) | 13.2 | 13.6 | 14 | 13.8 | ▼ 0.2 |
Key figures of THE PAND, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to THE PAND?
What happened at THE PAND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 42,395 (▲ 80% vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 107,353 profit in 2022 to € 42,395 profit in 2025.
Paid € 1,311 in corporate taxes since 2022.
Best year ever: 2022, with € 107,353 profit.
On average € 54,900 of value added per employee in 2025.
A new publication or filing at THE PAND? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of AELIUS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
THE PANDBehind THE PAND is Panta Rhei XIV BV BV. The shares are held by AELIUS (98.4%).
Directors
According to the 2025 annual accounts
Shareholders
98.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pandreitje 16
8000 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.463.444
- VAT number
- BE 0461.463.444
- Registered office
- Pandreitje 16, 8000 Brugge
- Names & denominations
- THE PAND
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 September 1997
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant