AUTO PANAMA
ActiveSummary
The annual accounts of AUTO PANAMA for fiscal year 2024 show a net loss of 76% of the equity at the start of that year. The 2024 annual accounts show equity of €75,014 and a net result of -€237,128. Equity is growing by ~53.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 15869 sector peers (fiscal year 2024). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-63
Solvency37▼-38
Growth68=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.48 against 2.08 in 2023; short-term debt: 67.3% and cash: 9.9% of total assets), and 88.3% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
11.7%
Return on assets
-37.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€237,128
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
68 d late
2022
25 d late
2021
17 d early
2020
46 d early
2019
39 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€3.2m▲ 2.6%
2020 · €3.1m
EBIT margin
4.1%▲ 2.8pp
2020 · 1.2%
Net result
-€237,128▼ 766%
2023 · -€27,389
Working capital
€208,310▼ 35.6%
2023 · €323,389
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€3.1m▲ 86.4%€3.2m▲ 2.6%
Operating result€38,127€129,055▲ 238%€138,569▲ 7.4%€7,922▼ 94.3%-€105,069
Net result€45,019above the sector's middle half€122,731above the sector's middle half▲ 173%€138,564within the sector's middle half▲ 12.9%-€27,389below the sector's middle half-€237,128below the sector's middle half▼ 766%
EBIT margin1.2%▲ 1.4pp4.1%▲ 2.8pp
Equity€78,236within the sector's middle half▲ 136%€200,967above the sector's middle half▲ 157%€339,531within the sector's middle half▲ 68.9%€312,143within the sector's middle half▼ 8.1%€75,014within the sector's middle half▼ 76.0%
Total assets€304,115within the sector's middle half▲ 27.3%€522,621above the sector's middle half▲ 71.8%€595,452below the sector's middle half▲ 13.9%€622,777below the sector's middle half▲ 4.6%€638,599above the sector's middle half▲ 2.5%
Debt€225,879▲ 9.8%€321,654▲ 42.4%€255,921▼ 20.4%€310,634▲ 21.4%€563,585▲ 81.4%
Working capital€78,236within the sector's middle half▲ 136%€201,734above the sector's middle half▲ 158%€339,205within the sector's middle half▲ 68.1%€323,389within the sector's middle half▼ 4.7%€208,310above the sector's middle half▼ 35.6%
Solvency25.7%within the sector's middle half▲ 11.8pp38.5%within the sector's middle half▲ 12.7pp57.0%within the sector's middle half▲ 18.6pp50.1%within the sector's middle half▼ 6.9pp11.7%within the sector's middle half▼ 38.4pp
Current ratio1.35within the sector's middle half▲ 0.181.63within the sector's middle half▲ 0.282.33within the sector's middle half▲ 0.702.08within the sector's middle half▼ 0.251.48within the sector's middle half▼ 0.60
Return on assets (ROA)14.8%above the sector's middle half▲ 16.4pp23.5%above the sector's middle half▲ 8.7pp23.3%above the sector's middle half▼ 0.2pp-4.4%below the sector's middle half▼ 27.7pp-37.1%below the sector's middle half▼ 32.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result -766% on 2023. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €105,069 after €7,922 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €638,599
Fixed assets
€549 ▼ 33.2%
Current assets
€638,051 ▲ 2.6%
Equity and liabilities €638,599
Equity
€75,014 ▼ 76.0%
Debt
€563,585 ▲ 81.4%
Debt's share of the balance-sheet total rises from 49.9% to 88.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€104,796▼
2023 · €8,195
Cash flow
-€236,856▼
2023 · -€27,116
Quick ratio
0.17▲
2023 · 0.13
Debt to equity
7.51▲
2023 · 1.00
ROE
-316.1%▼
2023 · -8.8%
Interest coverage
-46.59▼
2023 · 8113.58
Debt ≤ 1 year
€429,741▲
2023 · €298,567
Debt > 1 year
€133,076
Income taxes
€130,859▲
2023 · €35,311
Staff costs
€9,664
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 307 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 89% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.9%
went bankrupt
5.2%
stopped otherwise
89%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 307 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €3.1m | €3.2m | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €3.0m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €9,664 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €269 | €273 | €273 | = |
| Other operating charges640/8 | - | €46,532 | €3,250 | €3,376 | €4,843 | ▲ 43.4% |
| Gross operating margin9900 | €42,772 | €175,586 | €142,087 | €11,571 | -€90,290 | ▼ 880% |
| Operating profit (loss)9901 | €38,127 | €129,055 | €138,569 | €7,922 | -€105,069 | ▼ 1,426% |
| Financial income75/76B | - | €3,538 | €5 | €1 | €1,049 | ▲ 101,700% |
| Recurring financial income75 | €7,250 | €38 | €5 | €1 | €1,049 | ▲ 101,700% |
| Non-recurring financial income76B | - | €3,500 | - | - | - | - |
| Financial charges65/66B | - | €1 | €9 | €1 | €2,249 | ▲ 222,582% |
| Recurring financial charges65 | €357 | €1 | €9 | €1 | €2,249 | ▲ 222,582% |
| Profit (loss) for the period before taxes9903 | €45,019 | €132,592 | €138,564 | €7,922 | -€106,269 | ▼ 1,441% |
| Income taxes67/77 | - | €9,862 | - | €35,311 | €130,859 | ▲ 271% |
| Profit (loss) for the period9904 | €45,019 | €122,731 | €138,564 | -€27,389 | -€237,128 | ▼ 766% |
| Profit (loss) for the period to be appropriated9905 | €45,019 | €122,731 | €138,564 | -€27,389 | -€237,128 | ▼ 766% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €304,115 | €522,621 | €595,452 | €622,777 | €638,599 | ▲ 2.5% |
| Fixed assets21/28 | - | - | €1,094 | €821 | €549 | ▼ 33.2% |
| Tangible fixed assets22/27 | - | - | €1,094 | €821 | €549 | ▼ 33.2% |
| Furniture and vehicles24 | - | - | €1,094 | €821 | €549 | ▼ 33.2% |
| Current assets29/58 | €304,115 | €522,621 | €594,358 | €621,956 | €638,051 | ▲ 2.6% |
| Stocks and contracts in progress3 | €275,757 | €517,970 | €582,237 | €581,697 | €564,872 | ▼ 2.9% |
| Stocks30/36 | - | €517,970 | €582,237 | €581,697 | €564,872 | ▼ 2.9% |
| Amounts receivable within one year40/41 | €24,999 | €1,650 | €10,581 | €9,862 | €10,091 | ▲ 2.3% |
| Trade receivables40 | - | €1,650 | €10,581 | €9,862 | €9,886 | ▲ 0.2% |
| Other amounts receivable41 | - | - | - | - | €205 | - |
| Cash at bank and in hand54/58 | €3,359 | €3,001 | €1,541 | €30,397 | €63,088 | ▲ 108% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €304,115 | €522,621 | €595,452 | €622,777 | €638,599 | ▲ 2.5% |
| Equity10/15 | €78,236 | €200,967 | €339,531 | €312,143 | €75,014 | ▼ 76.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,604 | €1,604 | €1,604 | €1,604 | €1,604 | = |
| Non-distributable reserves130/1 | - | €1,604 | €1,604 | €1,604 | €1,604 | = |
| Legal reserve130 | - | €1,604 | €1,604 | €1,604 | €1,604 | = |
| Profit (loss) carried forward14 | €58,040 | €180,770 | €319,335 | €291,946 | €54,818 | ▼ 81.2% |
| Amounts payable17/49 | €225,879 | €321,654 | €255,921 | €310,634 | €563,585 | ▲ 81.4% |
| Amounts payable after more than one year17 | - | - | - | - | €133,076 | - |
| Other amounts payable178/9 | - | - | - | - | €133,076 | - |
| Amounts payable within one year42/48 | €225,879 | €320,887 | €255,153 | €298,567 | €429,741 | ▲ 43.9% |
| Trade debts44 | €27,312 | €46,738 | €25,131 | €52,024 | €199,746 | ▲ 284% |
| Suppliers440/4 | - | €46,738 | €25,131 | €52,024 | €199,746 | ▲ 284% |
| Taxes, remuneration and social security45 | - | €8,183 | €21,950 | €60,680 | €33,359 | ▼ 45.0% |
| Taxes450/3 | - | €8,183 | €21,950 | €60,680 | €33,133 | ▼ 45.4% |
| Remuneration and social security454/9 | - | - | - | - | €226 | - |
| Other amounts payable47/48 | - | €265,966 | €208,072 | €185,863 | €196,636 | ▲ 5.8% |
| Accrued charges and deferred income492/3 | - | €768 | €768 | €12,068 | €768 | ▼ 93.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,019 | €122,731 | €138,564 | -€27,389 | -€237,128 | ▼ 766% |
| + Depreciation and write-downs630 | - | - | €269 | €273 | €273 | = |
| Operating cash flow (approximation) | €45,019 | €122,731 | €138,833 | -€27,116 | -€236,856 | ▼ 773% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | -€358 | -€1,460 | €28,856 | €32,691 | ▲ 13.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Weakest financial yearnet -€237,128
Net result drops to -€237,128, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 68 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
31-12
Financial
Highest result since 2018net €138,564 ▲12.9%
Operating result €138,569, net result €138,564, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €200,967 ▲157%
2 profitable years in a row build equity to €200,967.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €45,019
Net result €45,019 after one loss-making year.
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Châtelet · 2 establishment units since 1994
Ground area
6.4 ha
Building footprint
105 m²
Volume, LiDAR
837 m³
2 parcels, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
AUTO PANAMA
since 19942.069.407.007
AUTO PANAMA
since 20142.231.398.985
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52012B0218/00E005 | Wallonia | 6.4 ha | - | - |
| 52002A0060/00H016 | Wallonia | 80 m² | 1 · 105 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,129 companies in sector 46711 we hold annual accounts for 1,130. 766 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-12-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453889130
Registered
05-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.