Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAND 55 from Mechelen, company number BE0761792864, closed financial year 2025 with a result of € -27,917 after tax. For that financial year PAND 55 recorded a gross margin of € 21,841 and equity of € 3,568. Compared with financial year 2024, the result moved from € -34,717 to € -27,917. The company made a loss. The buffer shrank hard: equity is 89 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 3,568
▼ 89% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -27,917
▲ 20 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5,538
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -146,432.
Debts at end 2025
€ 441,644
▼ 7% vs 2024
€ 34,894 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 12,407
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 715
▼ 68% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 25,768 | € 19,206 | € 14,794 | € 21,841 | ▲ 48% |
| Profit after taxes | € 2,001 | € -16,098 | € -34,717 | € -27,917 | ▲ € 6,800 |
| Equity | € 82,300 | € 66,201 | € 31,484 | € 3,568 | ▼ 89% |
| Total debts | € 429,702 | € 757,726 | € 886,594 | € 897,319 | ▲ 1% |
| Cash | € 25,552 | € 13,368 | € 5,484 | € 5,538 | ▲ 1% |
| Land & buildings | € 445,705 | € 810,559 | € 912,594 | € 893,048 | ▼ 2% |
| Retained profit | € -67,700 | € -83,799 | € -118,516 | € -146,432 | ▼ € 27,917 |
| Bank debt | € 330,627 | € 509,774 | € 475,990 | € 441,644 | ▼ 7% |
| Balance sheet total | € 512,002 | € 823,927 | € 918,078 | € 900,887 | ▼ 2% |
Key figures of PAND 55, 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 PAND 55?
What happened at PAND 55 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 27,917. Source: NBB ↗
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,001 profit in 2022 to € 27,917 loss in 2025.
Best year ever: 2022, with € 2,001 profit.
Management
Behind PAND 55 are Lieven Borgs and Caroline Bosmans. Lieven Borgs is also behind Cornflake.
Directors
According to the 2025 annual accounts
Caroline Bosmans
Director
Establishments
Establishment units
Physical locations of this company
Schuttershofstraat 55
2800 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0761.792.864
- VAT number
- BE 0761.792.864
- Registered office
- Schuttershofstraat 55, 2800 Mechelen
- Names & denominations
- PAND 55
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2021
- Peppol
- Active · Active since 25 Aug 2025
- Activities · NACE
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