Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAND 11 from Putte, company number BE0807180055, closed financial year 2025 with a result of € -15,514 after tax. For that financial year PAND 11 recorded a gross margin of € 26,711 and equity of € -20,641. Compared with financial year 2024, the result moved from € -3,136 to € -15,514. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ -20,641
▼ € 15,514 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -15,514
▼ 395 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,289
▲ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -39,241.
People and assets in 2025
€ 34,444
▲ 38% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 827
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 9,402
▼ 2% vs 2024
Loans from banks and other lenders, long and short.
€ 12,289
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,101
▲ 29% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 8,225 | € 42,920 | € 30,111 | € 26,711 | ▼ 11% |
| Profit after taxes | € -17,951 | € 10,153 | € -3,136 | € -15,514 | ▼ € 12,379 |
| Equity | € -12,144 | € -1,991 | € -5,127 | € -20,641 | ▼ € 15,514 |
| Total debts | € 37,417 | € 34,905 | € 33,188 | € 39,077 | ▲ 18% |
| Cash | € 333 | € 2,221 | € 1,478 | € 2,289 | ▲ 55% |
| Retained profit | € -30,744 | € -20,591 | € -23,727 | € -39,241 | ▼ € 15,514 |
| Bank debt | € 9,974 | € 8,629 | € 9,601 | € 9,402 | ▼ 2% |
| Balance sheet total | € 25,273 | € 32,914 | € 28,061 | € 18,436 | ▼ 34% |
Key figures of PAND 11, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to PAND 11?
What happened at PAND 11 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 15,514. filed late Source: NBB ↗
- New establishment in Putte. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,951 loss in 2022 to € 15,514 loss in 2025.
Best year ever: 2023, with € 10,153 profit.
A new publication or filing at PAND 11? 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
Behind PAND 11 are Davy Torfs and Geert De Graef.
Directors
According to the 2025 annual accounts
Davy Torfs
Director
Geert De Graef
Director
Establishments
Establishment units
Physical locations of this company
Hoogstraat 11
2580 Putte
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
AS-ZXCS, NL
Website info
Features
Security
Network
Details
- Company number
- 0807.180.055
- VAT number
- BE 0807.180.055
- Registered office
- Hoogstraat 11, 2580 Putte
- Names & denominations
- PAND 11
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 October 2008
- Peppol
- Active · Active since 10 Jul 2025
- Contact
- pand11.be [email protected] 015/34.69.34
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening