PANACEA
ActiveSummary
The computed 12-month bankruptcy probability of PANACEA is 2.6% (moderate). The 2025 annual accounts show negative equity (-€2,620) and a net result of -€534. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 2 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,639 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Gross operating margin9900 | -€414 | -€405 | -€1,748 | -€463 | -€465 | ▼ 0.4% |
| Operating profit (loss)9901 | -€414 | -€405 | -€1,748 | -€463 | -€465 | ▼ 0.4% |
| Financial charges65/66B | €31 | €56 | €92 | €48 | €69 | ▲ 43.2% |
| Recurring financial charges65 | €31 | €56 | €92 | €48 | €69 | ▲ 43.2% |
| Profit (loss) for the period before taxes9903 | -€445 | -€460 | -€1,840 | -€511 | -€534 | ▼ 4.4% |
| Profit (loss) for the period9904 | -€445 | -€460 | -€1,840 | -€511 | -€534 | ▼ 4.4% |
| Profit (loss) for the period to be appropriated9905 | -€445 | -€460 | -€1,840 | -€511 | -€534 | ▼ 4.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €279 | €266 | €376 | €264 | €258 | ▼ 2.2% |
| Current assets29/58 | €279 | €266 | €376 | €264 | €258 | ▼ 2.2% |
| Amounts receivable within one year40/41 | €192 | €192 | €192 | €192 | €192 | = |
| Other amounts receivable41 | €192 | €192 | €192 | €192 | €192 | = |
| Cash at bank and in hand54/58 | €87 | €74 | €184 | €72 | €66 | ▼ 7.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €279 | €266 | €376 | €264 | €258 | ▼ 2.2% |
| Equity10/15 | €279 | €266 | -€1,574 | -€2,086 | -€2,620 | ▼ 25.6% |
| Contributions10/11 | €12,090 | €12,538 | €12,538 | €12,538 | €12,538 | = |
| Capital10 | €12,090 | €12,538 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €6,510 | €6,062 | - | - | - | - |
| Profit (loss) carried forward14 | -€11,811 | -€12,272 | -€14,112 | -€14,623 | -€15,157 | ▼ 3.7% |
| Amounts payable17/49 | - | - | €1,950 | €2,350 | €2,878 | ▲ 22.5% |
| Amounts payable within one year42/48 | - | - | €1,950 | €2,350 | €2,878 | ▲ 22.5% |
| Other amounts payable47/48 | - | - | €1,950 | €2,350 | €2,878 | ▲ 22.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€445 | -€460 | -€1,840 | -€511 | -€534 | ▼ 4.4% |
| Operating cash flow (approximation) | -€445 | -€460 | -€1,840 | -€511 | -€534 | ▼ 4.4% |
| Change in cash | - | -€13 | €110 | -€112 | -€6 | ▲ 94.9% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52057C0223/00S000 | Wallonia | 1,640 m² | 1 · 153 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.