Panacee
ActiveSummary
Panacee has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,874 and a net result of €50,050. The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · fiscal year 2025, micro schema
2024 to 2025, 2 fiscal years
The operating result falls in 2025; 2025 is 14% below 2024.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,471 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 39,278 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €524 | - |
| Gross operating margin9900 | €73,538 | €63,509 | ▼ 13.6% |
| Operating profit (loss)9901 | €73,538 | €62,985 | ▼ 14.4% |
| Financial charges65/66B | - | €26 | - |
| Recurring financial charges65 | - | €26 | - |
| Profit (loss) for the period before taxes9903 | €73,538 | €62,958 | ▼ 14.4% |
| Income taxes67/77 | €14,714 | €12,909 | ▼ 12.3% |
| Profit (loss) for the period9904 | €58,824 | €50,050 | ▼ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €58,824 | €50,050 | ▼ 14.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €75,538 | €124,600 | ▲ 64.9% |
| Fixed assets21/28 | - | €2,097 | - |
| Tangible fixed assets22/27 | - | €2,097 | - |
| Furniture and vehicles24 | - | €2,097 | - |
| Current assets29/58 | €75,538 | €122,503 | ▲ 62.2% |
| Amounts receivable within one year40/41 | €18,285 | €11,011 | ▼ 39.8% |
| Trade receivables40 | €1,090 | - | - |
| Other amounts receivable41 | €17,195 | €11,011 | ▼ 36.0% |
| Cash at bank and in hand54/58 | €49,115 | €99,010 | ▲ 102% |
| Deferred charges and accrued income490/1 | €8,138 | €12,482 | ▲ 53.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €75,538 | €124,600 | ▲ 64.9% |
| Equity10/15 | €60,824 | €110,874 | ▲ 82.3% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Reserves13 | €58,824 | €108,874 | ▲ 85.1% |
| Distributable reserves133 | €58,824 | €108,874 | ▲ 85.1% |
| Amounts payable17/49 | €14,714 | €13,725 | ▼ 6.7% |
| Amounts payable within one year42/48 | €14,714 | €13,725 | ▼ 6.7% |
| Trade debts44 | - | €817 | - |
| Suppliers440/4 | - | €817 | - |
| Taxes, remuneration and social security45 | €14,714 | €12,909 | ▼ 12.3% |
| Taxes450/3 | €14,714 | €12,909 | ▼ 12.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €58,824 | €50,050 | ▼ 14.9% |
| + Depreciation and write-downs630 | - | €524 | - |
| Operating cash flow (approximation) | €58,824 | €50,574 | ▼ 14.0% |
| Change in cash | - | €49,894 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.