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Erwin Panis

Active
Private limited company (pre-2019)founded 20188 yrs activeKBO/BCE: BE 0698.979.129
Summary

The computed 12-month bankruptcy probability of Erwin Panis is 9.9% (elevated). The 2024 annual accounts show negative equity (-€17,795) and a net result of -€17,241. Equity is shrinking by ~63.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 36364 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Risk analysisWatch ReportCompare
Erwin PanisActiveChecked score 29/100
Risk analysis ReportCompare

Overview

Activity
Screed work
NACE 43422NACE 43996
1 site
Size
€11,330total assets 2024
Equity
-€17,795
Loss
-€17,241
Turnover not published (abridged schema)
Financial health
29 Weak Checked score 2024
Bankruptcy chance 12 m
9.9%
Structure
Accounts 64 d overdue0 of 2 deeds read
Why 29- Figures for FY 2024 (filed 31-08-2025)- Ex-officio strike-off in the KBO- 1 financial year not filed after the legal deadline; latest accounts 31 days late; 1 of the last 3 late+ Size: total assets €11,330Show the evidence

Checked score

Score 2024
29 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 2% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 0-24
equity -157.1% of total assets
Liquidity 0-7
short-term debt 249.6%
Profitability 0-54
return on assets -152.2%
Bankruptcy probability, 12 months
9.9% Elevated
0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,133 companies)
Last 24 months 11-2024: 3.0% 12-2024: 3.0%● 0.0% vs 11-2024 01-2025: 3.0%● 0.0% vs 12-2024 02-2025: 3.0%● 0.0% vs 01-2025 03-2025: 3.0%▲ +1.6% vs 02-2025 04-2025: 3.0%● 0.0% vs 03-2025 05-2025: 2.9%▼ -3.7% vs 04-2025 06-2025: 2.8%▼ -3.2% vs 05-2025lowest value 07-2025: 2.9%▲ +3.4% vs 06-2025 08-2025: 3.7%▲ +25.4% vs 07-2025 09-2025: 3.4%▼ -6.6% vs 08-2025 10-2025: 3.4%● 0.0% vs 09-2025 11-2025: 3.4%● 0.0% vs 10-2025 12-2025: 3.4%● 0.0% vs 11-2025 01-2026: 3.4%● 0.0% vs 12-2025 02-2026: 3.3%▼ -3.0% vs 01-2026 03-2026: 3.3%▼ -0.9% vs 02-2026 04-2026: 3.2%▼ -1.0% vs 03-2026 05-2026: 3.2%▼ -1.9% vs 04-2026 06-2026: 3.1%▼ -2.6% vs 05-2026 07-2026: 3.2%▲ +2.5% vs 06-2026 08-2026: 3.8%▲ +19.2% vs 07-2026 09-2026: 4.0%▲ +5.7% vs 08-2026 10-2026: 9.9%▲ +147% vs 09-2026highest value
  • Size: total assets €11,330 lowers the probability for this profile
  • Figures for FY 2024 (filed 31-08-2025) raises the probability
  • Ex-officio strike-off in the KBO raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 31 days late; 1 of the last 3 late raises the probability
No credit on open account
Liquidity short (current ratio 0.11 against 0.73 in 2023; short-term debt: 249.6% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 3%, liquidity 1%, profitability 4%, growth against the median 0%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €11,330
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 31-08-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Ex-officio strike-off in the KBO
In the bankruptcy model this factor raises the probability.
KBO publications
raises risk · 1 financial year not filed after the legal deadline; latest accounts 31 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
192021222324
2019 to 2024 · latest year -€17,795
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 6 filings
Deviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
2022
on the day
2021
4 d early
2020
1 d early
2019
91 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 25 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
  1. Address struckevent 14-07-2026
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€17,795 View
  • Risk: 4 loss-making years in a rowloss fiscal year 2024 -€17,241 View
  • Caution: Among the weakest 5% on solvencysector median 46.6% · 36,364 companies -157.1% View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View

By topic

Financials

Fiscal year
2024
Total assets
€11,330
Loss
-€17,241
Solvency
-157.1%
Total assets▼ 76.1%
Net result
20192024
Go to Financials

Timeline

Events
9
Since
2020
  1. 07-09-2026Address struck
  2. 31-08-2025Annual accounts filed
  3. 30-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Screed workNACE 43422
Founded
29-06-2018
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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