MICKAËL PANCHOUT
ActiveMICKAËL PANCHOUT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €222k and a net result of €12k. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 11200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-17
Solvency94▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 1.95 in 2024), but 50.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.2%
Return on assets
2.6%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 9 filingsDeviation from the deadline
2025
28 d late
2024
22 d late
2023
61 d late
2022
151 d late
2021
26 d late
2020
92 d late
2019
91 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€222k▲ 5.5%
2024 · €210k
2018: €39k
2019: €42k
2020: €76k
2021: €132k
2022: €151k
2023: €192k
2024: €210k
2018 → 2025
Total assets
€451k▲ 5.1%
2024 · €429k
2018: €348k
2019: €283k
2020: €374k
2021: €437k
2022: €486k
2023: €446k
2024: €429k
2018 → 2025
Net result
€12k▼ 35.7%
2024 · €18k
2018: €21k
2019: €3k
2020: €34k
2021: €57k
2022: €19k
2023: €42k
2024: €18k
2018 → 2025
Working capital
€219k▲ 6.5%
2024 · €206k
2018: €24k
2019: €36k
2020: €73k
2021: €119k
2022: €139k
2023: €182k
2024: €206k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€132k-€151k▲ 14.4%€192k▲ 26.8%€210k▲ 9.4%€222k▲ 5.5%
Operating result€81k-€29k▼ 64.5%€61k▲ 114%€28k▼ 53.9%€20k▼ 30.4%
Net result€57k-€19k▼ 66.3%€42k▲ 119%€18k▼ 56.8%€12k▼ 35.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 30% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €451k
Fixed assets
€6k▼ 10.4%
Current assets
€445k▲ 5.3%
Equity and liabilities €451k
Equity
€222k▲ 5.5%
Debt
€229k▲ 4.6%
The debt ratio falls from 51.0% to 50.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€23k▼
2024 · €37k
Cash flow
€15k▼
2024 · €26k
Solvency
49.2%▲
2024 · 49.0%
Current ratio
1.97▲
2024 · 1.95
Quick ratio
0.58▲
2024 · 0.46
Debt / equity
1.03▼
2024 · 1.04
ROE
5.3%▼
2024 · 8.6%
ROA
2.6%▼
2024 · 4.2%
Interest coverage
13.86▼
2024 · 196.08
Debt
€229k▲
2024 · €219k
Debt ≤ 1 year
€226k▲
2024 · €217k
Debt > 1 year
€2k=
2024 · €2k
Income taxes
€7k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€429k€451k▲
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€6k€5k▼
Furniture and vehicles24€2k€0▼
Other tangible fixed assets26€4k€5k▲
Financial fixed assets28€940€940=
Current assets29/58€423k€445k▲
Stocks and contracts in progress3€322k€314k▼
Stocks30/36€322k€314k▼
Amounts receivable within one year40/41€30k€67k▲
Trade receivables40€29k€61k▲
Other amounts receivable41€1k€5k▲
Cash at bank and in hand54/58€69k€63k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€429k€451k▲
Equity10/15€210k€222k▲
Contributions10/11€12k€12k=
Reserves13€198k€210k▲
Distributable reserves133€198k€210k▲
Amounts payable17/49€219k€229k▲
Amounts payable after more than one year17€2k€2k=
Financial debts170/4€0-
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€217k€226k▲
Current portion of amounts payable after more than one year42€2k€0▼
Trade debts44€57k€64k▲
Suppliers440/4€57k€64k▲
Taxes, remuneration and social security45€14k€11k▼
Taxes450/3€14k€11k▼
Other amounts payable47/48€144k€151k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€3k▼
Other operating charges640/8€13k€14k▲
Gross operating margin9900€50k€37k▼
Operating profit (loss)9901€28k€20k▼
Financial income75/76B€1k€849▼
Recurring financial income75€1k€849▼
Financial charges65/66B€187€2k▲
Recurring financial charges65€187€2k▲
Profit (loss) for the period before taxes9903€29k€19k▼
Income taxes67/77€11k€7k▼
Profit (loss) for the period9904€18k€12k▼
Profit (loss) for the period to be appropriated9905€18k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€12k▼
Transfer to equity691/2€18k€12k▼
To other reserves6921€18k€12k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Equity above €200kEq €210k ▲9.4%
7 profitable years in a row build equity to €210k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
31-12
Financial
Equity above €150kEq €151k ▲14.4%
5 profitable years in a row build equity to €151k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €57k ▲67.2%
Operating result €81k, net result €57k, both a record.
31-12
Financial
Equity above €100kEq €132k ▲75.1%
4 profitable years in a row build equity to €132k.
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €3k ▼85%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Herve · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Henri-Chapelle 124651 HerveGround area
9,413 m²
Building footprint
2,199 m²
Volume, LiDAR
11,948 m³
Parcel 63006B0036/00R002, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Les Champs-Fulliots
since 20172.365.365.091
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006B0036/00R002 | Wallonia | 9,413 m² | 1 · 2,199 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WORLD WIDE WINES
BE 0477.963.144
Diest · Eq €222k
QUAI DES VIGNERONS
BE 0631.972.420
Mons · Eq €221k
CAVES & DOMAINES
BE 0825.908.181
Mouscron · Eq €223k
ARNIM WINES
BE 0819.877.256
Lebbeke · Eq €220k
HET WIJNHUIS ANTWERPEN
BE 0889.444.072
Antwerpen · Eq €227k
Of 1,043 companies in sector 46341 we hold annual accounts for 530. 372 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-04-2017
Fiscal year end31-12
Activities, NACEBEL
46341Wholesale of wines and spirits
47251Retail sale of wines and spirits
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@leschampsfulliots.be
Phone:+3287661226