Summary
5PANOTS is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €175,416 and a net result of €69,454. Equity has been growing by about 70% per year since 2023. Its solvency ranks better than 75% of 9,757 sector peers (NACE 64, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-07-2023 Normal situation
- Activity
- Activities of holding companies NACE 64210
- Establishment unit
- 2.348.122.649 2820 Bonheiden, since 19-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- DE SMEDT DavidDirector · since 19-07-2023
Shareholders
- DE SMEDT David200 sharesact of 24-07-2023
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €69,454
- ▼ 11.0%
- Equity
- €175,416
- ▲ 65.5%
- Total assets
- €227,619
- ▲ 53.7%
- Staff
- ≈ 0 FTE
- estimated
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
74 days early
2024
18 days late
2023
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 22 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 July (3 of the last 3 accounts filed within 66 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 18-05-2026 PDF all 3 filings
Equity
€175,416▲ 65.5%
2024 · €105,962
Net result
€69,454▼ 11.0%
2024 · €78,032
Total assets
€227,619▲ 53.7%
2024 · €148,111
Solvency
77.1%▲ 5.5pp
2024 · 71.5%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€90,803
▼ 10.7%
2025
20232025
Net result
€69,454
▼ 11.0%
2025
middle half of the sector
20232025
Equity
€175,416
▲ 65.5%
2025
middle half of the sector
20232025
Total assets
€227,619
▲ 53.7%
2025
middle half of the sector
20232025
Debt
€52,202
▲ 23.9%
2025
20232025
Working capital
€172,019
▲ 68.4%
2025
highest quarter of the sector
20232025
Solvency
77.1%
▲ 5.5pp
2025
middle half of the sector
20232025
Current ratio
4.30
▲ 0.84
2025
highest quarter of the sector
20232025
Return on assets (ROA)
30.5%
▼ 22.2pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€32,850-€101,730▲ 210%€90,803▼ 10.7%
Net result€25,930within the sector's middle half-€78,032within the sector's middle half▲ 201%€69,454within the sector's middle half▼ 11.0%
Equity€27,930below the sector's middle half-€105,962within the sector's middle half▲ 279%€175,416within the sector's middle half▲ 65.5%
Total assets€49,543below the sector's middle half-€148,111within the sector's middle half▲ 199%€227,619within the sector's middle half▲ 53.7%
Debt€21,613-€42,149▲ 95.0%€52,202▲ 23.9%
Working capital€28,985within the sector's middle half-€102,143within the sector's middle half▲ 252%€172,019above the sector's middle half▲ 68.4%
Solvency56.4%within the sector's middle half-71.5%within the sector's middle half▲ 15.2pp77.1%within the sector's middle half▲ 5.5pp
Current ratio2.47within the sector's middle half-3.45within the sector's middle half▲ 0.984.30above the sector's middle half▲ 0.84
Return on assets (ROA)52.3%above the sector's middle half-52.7%above the sector's middle half▲ 0.3pp30.5%above the sector's middle half▼ 22.2pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 11% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €227,619
Fixed assets
€3,397 ▼ 21.2%
Current assets
€224,221 ▲ 55.9%
Equity and liabilities €227,619
Equity
€175,416 ▲ 65.5%
Debt
€52,202 ▲ 23.9%
Debt's share of the balance-sheet total falls from 28.5% to 22.9%. Equity and debt are higher.
Key figures and ratios
ROE
39.6%▼
2024 · 73.6%
Debt ≤ 1 year
€52,202▲
2024 · €41,659
Income taxes
€18,274▼
2024 · €20,598
Staff costs
€64
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1,008 | €3,892 | €1,073 |
| Depreciation and write-downs of the year | €112 | €478 | €1,985 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €64 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €112 | €478 | €1,985 | ▲ 315% |
| Other operating charges640/8 | €375 | €541 | €831 | ▲ 53.6% |
| Gross operating margin9900 | €33,337 | €102,749 | €93,683 | ▼ 8.8% |
| Operating profit (loss)9901 | €32,850 | €101,730 | €90,803 | ▼ 10.7% |
| Financial charges65/66B | - | €3,101 | €3,075 | ▼ 0.8% |
| Recurring financial charges65 | - | €3,101 | €3,075 | ▼ 0.8% |
| Profit (loss) for the period before taxes9903 | €32,850 | €98,630 | €87,728 | ▼ 11.1% |
| Income taxes67/77 | €6,919 | €20,598 | €18,274 | ▼ 11.3% |
| Profit (loss) for the period9904 | €25,930 | €78,032 | €69,454 | ▼ 11.0% |
| Profit (loss) for the period to be appropriated9905 | €25,930 | €78,032 | €69,454 | ▼ 11.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €49,543 | €148,111 | €227,619 | ▲ 53.7% |
| Fixed assets21/28 | €896 | €4,310 | €3,397 | ▼ 21.2% |
| Tangible fixed assets22/27 | €896 | €4,310 | €3,397 | ▼ 21.2% |
| Furniture and vehicles24 | €896 | €4,310 | €3,397 | ▼ 21.2% |
| Current assets29/58 | €48,647 | €143,801 | €224,221 | ▲ 55.9% |
| Amounts receivable within one year40/41 | - | - | €2,232 | - |
| Trade receivables40 | - | - | €2,232 | - |
| Cash at bank and in hand54/58 | €47,185 | €143,612 | €221,989 | ▲ 54.6% |
| Deferred charges and accrued income490/1 | €1,463 | €189 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €49,543 | €148,111 | €227,619 | ▲ 53.7% |
| Equity10/15 | €27,930 | €105,962 | €175,416 | ▲ 65.5% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €25,930 | €103,962 | €173,416 | ▲ 66.8% |
| Amounts payable17/49 | €21,613 | €42,149 | €52,202 | ▲ 23.9% |
| Amounts payable within one year42/48 | €19,663 | €41,659 | €52,202 | ▲ 25.3% |
| Trade debts44 | €862 | €314 | €430 | ▲ 36.9% |
| Suppliers440/4 | €862 | €314 | €430 | ▲ 36.9% |
| Taxes, remuneration and social security45 | €16,991 | €40,732 | €51,772 | ▲ 27.1% |
| Taxes450/3 | €16,991 | €40,732 | €51,772 | ▲ 27.1% |
| Other amounts payable47/48 | €1,810 | €613 | - | - |
| Accrued charges and deferred income492/3 | €1,950 | €490 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,930 | €78,032 | €69,454 | ▼ 11.0% |
| + Depreciation and write-downs630 | €112 | €478 | €1,985 | ▲ 315% |
| Operating cash flow (approximation) | €26,043 | €78,510 | €71,439 | ▼ 9.0% |
| Investment in fixed assets (approximation) | - | -€3,892 | -€1,073 | ▲ 72.4% |
| Change in cash | - | €96,428 | €78,377 | ▼ 18.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, since incorporation
DE SMEDT David
Current
Director · since 19-07-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 18-05-2026
Owners and capital
Shareholders
At incorporation
act of 24-07-2023 ↗
- DE SMEDT David 200 shares (100%) · €2,000
Capital transactions
Capital over time
- 24-07-2023 Incorporation · €2,000 · 200 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 24-07-2023 (in Dutch)
Network & group
5PANOTS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of 5PANOTS. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
18-05
micro format · 74 days before the deadline
2025
31-12
Financial
Equity above €150,000equity €175,416 ▲65.5%
With a profit in every financial year since 2023, equity grows to €175,416.
17-10
Gazette deed
Registered office moved to BonheidenNew seat: Dorstveld 1-2820 Bonheiden · Director in office: De Smedt David3 points ▸
Gazette deed
Registered office moved to Bonheiden
New seat: Dorstveld 1-2820 Bonheiden · Director in office: De Smedt David3 points ▸
- Board meeting, 19-09-2025
- Registered-office move, Dorstveld 1-2820 Bonheiden
- Director in office, De Smedt David (director)
18-08
micro format · 18 days late
2024
31-12
Financial
Highest result from 2023 to 2025net €78,032 ▲201%
The operating result of €101,730 and the net result of €78,032 are both a record.
31-12
Financial
Equity above €100,000equity €105,962 ▲279%
With a profit in every financial year since 2023, equity grows to €105,962.
22-07
micro format · 9 days before the deadline
2023
24-07
Gazette deed
IncorporationStarting capital €2,000 · Appointment: DE SMEDT David (director) · Founder: DE SMEDT David · Founding capital €2,000, 200 shares6 points ▸
Gazette deed
Incorporation
Starting capital €2,000 · Appointment: DE SMEDT David (director) · Founder: DE SMEDT David · Founding capital €2,000, 200 shares6 points ▸
- Incorporation, 19-07-2023
- Founder, DE SMEDT David
- Founding capital, €2,000, 200 shares
- Registered office clause, Kasseiweg 14 te 2820 Bonheiden
- Board rule, 1
- Director appointment, DE SMEDT David (director)
- The act holds 2 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
5PANOTS in Dutch
Enterprise number
0804.142.767
Legal form
Private limited company
Status
Active, normale toestand
Founded
19-07-2023
Entity type
Legal entity
Registered office and establishments
Registered office
Dorstveld 1, 2820 Bonheiden, Belgium
Establishment unit
5PANOTS, Dorstveld 1, 2820 Bonheiden since 19-07-2023 · unit number 2.348.122.649 7010001 Activities of head offices
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 24-07-2023 (in Dutch)
“Adviesbureau op het gebied van bedrijfsvoering en beheer waaronder onder meer maar niet uitsluitend het verlenen van advies en praktische…”
4 activities
- Adviesbureau op het gebied van bedrijfsvoering en beheer waaronder onder meer maar niet uitsluitend het verlenen van advies en praktische hulp aan bedrijven in verband met public relations en communicatie, het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op gebied van onder meer planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, het berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning, organisatie en efficiëntie, het verlenen van adviezen op het gebied van beheer in het algemeen
- Managementactiviteiten in het algemeen waaronder onder meer het tussenkomen in het dagelijks bestuur en het vertegenwoordigen van bedrijven door onder meer het uitoefenen van mandaten van bestuurder, zaakvoerder, directeur of vereffenaar
- Studie-, organisatie en raadgevend bureau inzake financiële, handels-, bedrijfseconomische of sociale aangelegenheden met inbegrip van alle handelingen die verband houden met advies, documentatie en publicatie over juridische, sociale, economische en financiële problemen
- Het begeleiden van bedrijven op het gebied van handel, nijverheid en administratie, het verrichten van secretariaatswerkzaamheden, het domiciliëren van bedrijven, het ter beschikking stellen van kantoren, magazijnen en fabricageruimten, het verrichten van voorbereidende studies en adviezen op gebied van management, bedrijfsvoering, economische wetgeving, marketing, export en import, het drukken en uitgeven van studies, rapporten en het verlenen van hulp aan bedrijven in oprichting of bij overname van bestaande bedrijven, zenden en ontvangen van post en meer in het algemeen alles te doen wat de oprichting, de uitbating en het beheer van de bedrijven van nut kan zijn
Invoicing and payment
VAT number
BE 0804.142.767
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 17:00
deed of 24-07-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
908 m²
Building footprint
189 m²
Building volume
861 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12005D0228/00E002 | Flanders | 908 m² | 1 · 189 m² | 18.8 m · 1 |