ONDERNEMING PANIS
ActiveSummary
ONDERNEMING PANIS has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€29,444) and a net result of €29,150. Equity has been shrinking by about 27% per year since 2018. Its solvency ranks better than 10% of 17,021 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-09-1990 Normal situation
- Activity
- Full-service restaurants NACE 56111
- Joint committee
- 302 Paritair Comité voor het hotelbedrijf · annual accounts 2025
- Establishment unit
- 2.049.631.576 3746 Bilzen-Hoeselt, since 27-09-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 01-04-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €50,530
- ▲ 214%
- Turnover
- ≈ €160,000
- estimated
- Profit
- €29,150
- Equity
- -€29,444
- ▲ 49.7%
- Total assets
- €27,021
- ▲ 157%
- Employees on 31-12-2025
- 1
- =
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equitySector: Food and beverage service activities (NACE 56)Negative equity -€29,444lowers riskFounded in 1990Size: total assets €27,021Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 9% of them on solvency, 19% on liquidity, 93% on profitability and 81% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 21 filings
Every figure per financial year
The operating result for 2025 is a profit of €27,645, after a loss of €9,954 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | - | - | - | - | 0 |
| part-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
| Average over the year, in full-time equivalents | 0.5 | 0.8 | 0.6 | 0.5 | 0.4 |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
| Joined | 3 | 5 | 3 | 7 | 3 |
| Left | 3 | 5 | 3 | 7 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,759 | €1,930 | - | - | €2,799 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €1,747 | €1,959 | €1,437 | €617 | €1,073 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €9,468 | €12,139 | €11,645 | €21,051 | €20,469 | ▼ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,477 | €3,264 | €3,284 | €1,747 | €1,959 | €1,437 | €617 | €1,073 | ▲ 74.0% |
| Other operating charges640/8 | - | - | - | €1,289 | €3,539 | €6,149 | €4,355 | €1,344 | ▼ 69.1% |
| Gross operating margin9900 | €17,034 | €20,691 | -€2,971 | €25,903 | €7,807 | -€2,462 | €16,069 | €50,530 | ▲ 214% |
| Operating profit (loss)9901 | -€8,032 | -€8,583 | -€12,841 | €13,399 | -€9,830 | -€21,694 | -€9,954 | €27,645 | - |
| Financial income75/76B | - | - | - | €241 | €1 | - | €26 | €5,070 | ▲ 198× |
| Recurring financial income75 | €23 | €53 | - | €15 | €1 | - | €26 | €5,070 | ▲ 198× |
| Non-recurring financial income76B | - | - | - | €226 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €558 | €781 | €757 | €684 | €3,565 | ▲ 421% |
| Recurring financial charges65 | €568 | €863 | €462 | €558 | €781 | €757 | €684 | €3,565 | ▲ 421% |
| Profit (loss) for the period before taxes9903 | -€8,577 | -€9,393 | -€13,303 | €13,082 | -€10,610 | -€22,451 | -€10,613 | €29,150 | - |
| Income taxes67/77 | €114 | €117 | €116 | €117 | €120 | €124 | - | - | - |
| Profit (loss) for the period9904 | -€8,691 | -€9,510 | -€13,419 | €12,965 | -€10,729 | -€22,575 | -€10,613 | €29,150 | - |
| Profit (loss) for the period to be appropriated9905 | -€8,691 | -€9,510 | -€13,419 | €12,965 | -€10,729 | -€22,575 | -€10,613 | €29,150 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €22,154 | €20,912 | €12,173 | €17,527 | €14,666 | €12,349 | €10,521 | €27,021 | ▲ 157% |
| Fixed assets21/28 | €10,574 | €10,010 | €6,727 | €8,738 | €8,709 | €5,726 | €2,483 | €4,209 | ▲ 69.5% |
| Tangible fixed assets22/27 | €7,947 | €7,384 | €4,100 | €6,112 | €6,082 | €3,099 | €2,483 | €4,209 | ▲ 69.5% |
| Land and buildings22 | - | - | - | €561 | €449 | €337 | €225 | €112 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | - | - | €1,524 | €1,032 | €540 | €328 | €1,635 | ▲ 398% |
| Furniture and vehicles24 | - | - | - | €4,026 | €4,601 | €2,223 | €1,930 | €2,462 | ▲ 27.6% |
| Financial fixed assets28 | €2,627 | €2,627 | €2,627 | €2,627 | €2,627 | €2,627 | - | - | - |
| Current assets29/58 | €11,580 | €10,901 | €5,446 | €8,789 | €5,957 | €6,623 | €8,039 | €22,812 | ▲ 184% |
| Stocks and contracts in progress3 | €4,461 | €4,658 | €3,174 | €2,210 | €3,901 | €4,386 | €4,386 | €6,236 | ▲ 42.2% |
| Stocks30/36 | - | - | - | €2,210 | €3,901 | €4,386 | €4,386 | €6,236 | ▲ 42.2% |
| Amounts receivable within one year40/41 | €2,867 | €4,725 | €1,176 | €1,599 | €1,184 | €740 | €3,652 | €4,192 | ▲ 14.8% |
| Trade receivables40 | - | - | - | €478 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €1,121 | €1,184 | €740 | €3,652 | €4,192 | ▲ 14.8% |
| Cash at bank and in hand54/58 | €3,906 | €1,518 | €1,097 | €4,641 | €273 | €1,275 | - | €5,087 | - |
| Deferred charges and accrued income490/1 | - | - | - | €340 | €598 | €222 | - | €7,297 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €22,154 | €20,912 | €12,173 | €17,527 | €14,666 | €12,349 | €10,521 | €27,021 | ▲ 157% |
| Equity10/15 | -€4,713 | -€14,223 | -€27,642 | -€14,677 | -€25,407 | -€47,981 | -€58,594 | -€29,444 | ▲ 49.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €71,002 | €71,002 | €71,002 | €71,002 | €71,002 | €71,002 | €71,002 | €71,002 | = |
| Non-distributable reserves130/1 | - | - | - | €620 | €620 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €620 | €620 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €1,149 | €1,149 | €1,149 | €1,149 | €1,149 | = |
| Distributable reserves133 | - | - | - | €69,233 | €69,233 | €69,853 | €69,853 | €69,853 | = |
| Profit (loss) carried forward14 | -€94,315 | -€103,825 | -€117,244 | -€104,279 | -€115,009 | -€137,583 | -€148,196 | -€119,046 | ▲ 19.7% |
| Amounts payable17/49 | €26,867 | €35,134 | €39,815 | €32,205 | €40,072 | €60,330 | €69,115 | €56,465 | ▼ 18.3% |
| Amounts payable after more than one year17 | €4,000 | €3,750 | €2,500 | €1,500 | €1,500 | €8,000 | €8,500 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | - | - | - | - | €0 | - |
| Other amounts payable178/9 | - | - | - | €1,500 | €1,500 | €8,000 | €8,500 | - | - |
| Amounts payable within one year42/48 | €22,867 | €31,384 | €37,315 | €30,705 | €38,572 | €52,330 | €59,578 | €56,465 | ▼ 5.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €29,980 | - |
| Financial debts43 | - | - | - | - | €445 | - | €987 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | €445 | - | €987 | €0 | ▼ 100% |
| Trade debts44 | €4,295 | €4,938 | €38 | €2,653 | €8,804 | €13,431 | €26,438 | €12,925 | ▼ 51.1% |
| Suppliers440/4 | - | - | - | €2,653 | €8,804 | €13,431 | €26,438 | €12,925 | ▼ 51.1% |
| Taxes, remuneration and social security45 | - | - | - | €4,345 | €6,721 | €13,362 | €13,047 | €1,652 | ▼ 87.3% |
| Taxes450/3 | - | - | - | €4,345 | €3,877 | €6,732 | €13,047 | €1,652 | ▼ 87.3% |
| Remuneration and social security454/9 | - | - | - | - | €2,844 | €6,630 | - | €0 | - |
| Other amounts payable47/48 | - | - | - | €23,707 | €22,602 | €25,538 | €19,106 | €11,908 | ▼ 37.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €1,037 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,691 | -€9,510 | -€13,419 | €12,965 | -€10,729 | -€22,575 | -€10,613 | €29,150 | - |
| + Depreciation and write-downs630 | €3,477 | €3,264 | €3,284 | €1,747 | €1,959 | €1,437 | €617 | €1,073 | ▲ 74.0% |
| Operating cash flow (approximation) | -€5,214 | -€6,246 | -€10,136 | €14,712 | -€8,770 | -€21,137 | -€9,996 | €30,223 | - |
| Investment in fixed assets (approximation) | - | -€2,700 | €0 | -€3,759 | -€1,930 | €1,546 | €2,627 | -€2,799 | - |
| Change in cash | - | -€2,388 | -€421 | €3,544 | -€4,368 | €1,002 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,794 companies had the same profile as ONDERNEMING PANIS has now. Two years later, 91.5% were still going and 2.7% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ONDERNEMING PANIS itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,794 companies, not a prediction for ONDERNEMING PANIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00243258 | |
| 31-12-2024 | micro format | 17-09-2025 | 2025-00494728 | |
| 31-12-2023 | micro format | 06-06-2024 | 2024-00113355 | |
| 31-12-2022 | micro format | 05-06-2023 | 2023-00106846 | |
| 31-12-2021 | micro format | 31-05-2022 | 2022-20039519 | |
| 31-12-2020 | micro format | 31-05-2021 | 2021-16000021 | |
| 31-12-2019 | micro format | 03-07-2020 | 2020-25700035 | |
| 31-12-2018 | micro format | 05-08-2019 | 2019-43300005 | |
| 31-12-2017 | micro format | 20-08-2018 | 2018-46800494 | |
| 31-12-2016 | micro format | 16-08-2017 | 2017-43300567 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 27-12-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Haesevoets Luc |
|
| Sandra Mewissen |
|
| KELLENS Wouter |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “14, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”
Articles of association, deed of 27-12-2023 (in Dutch)
Network & group
ONDERNEMING PANIS shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of ONDERNEMING PANIS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
21-01
Gazette deed
2 directors appointed, 1 director resigningResignation: Kellens Wouter (director) · Appointments: Sandra Mewissen (director) and Haesevoets Luc (director) · Director discharge5 points ▸
- General meeting, 01-09-2024
- Director resignation, Kellens Wouter (director)
- Director discharge, Kellens Wouter
- Director appointment, Sandra Mewissen (director)
- Director appointment, Haesevoets Luc (director)
27-12
Gazette deed
Resignation: KELLENS Wouter (director)Reappointment: KELLENS Wouter (director) · Capital conversion · Reserve release12 points ▸
- General meeting, 14-12-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, artikel 39,§1,eerste en derde lid,wet van 23-03-2019” (deed in Dutch)
- Capital conversion, “statutair onbeschikbaar eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, uitkering pas na balans-en liquiditeitstest artikelen 5:142 en 5:143 WVV” (deed in Dutch)
- Amendment of the articles, mentioned 3 times in the deed
- Capital
- Other provision, “statutair onbeschikbaar eigen vermogen” (deed in Dutch)
- Director resignation, KELLENS Wouter (director)
- Director discharge, KELLENS Wouter
- Director reappointment, KELLENS Wouter (director (not named in the articles))
- Other provision, “artikel 19 van de statuten, bezoldiging bestuurders” (deed in Dutch)
- Registered office clause, “Vlaams Gewest, Hoelbeekstraat 83,3746 Bilzen(Hoelbeek)” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
5 activities
- Import en export, aan- en verkoop, groot- en kleinhandel in bouwmaterialen, fabricage van betonartikelen, goederenvervoer langs de openbare weg, sneeuwruimen en bestrooiingswerken, uitvoeren van grond-, restauratie- en voegwerken.
- Kleinhandel in kruidenierswaren, specerijen, vleeswaren, dag- en weekbladen, dranken en geestrijke dranken, tabakswaren, enz.
- Drankgelegenheid met verkoop van alle dranken, sterke dranken en snacks met verbruik ter plaatse en het verhuren van feestzalen.
- Aankoop en verkoop van voertuigen.
- Personenvervoer en taxidiensten.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73030B0320/00L002 | Flanders | 1,142 m² | - | - |