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PANACHAI

Active Private limited companyfounded 2007active for 19 yearsStokstraat 2, 9340 LedeKBO/BCE: BE 0889.623.325 #6 oldest company in Lede, Accommodation and food service sector

Lifetime

18 annual accounts with figures on one time axis
peak €61,088 (2011)
€18,055▲ 49.4%
lowest -€31,227 (2008)
€11,670▲ 217%
peak €38,744 (2021)
€36,961▲ 46.1%
€28,814▼ 19.4%
peak 1.2 FTE (2011)
-not published
Board3 names since 2022
1 director
Documentsfilings and deeds
22-12-20259 days before the deadline
2025micro format
Gross margin from €12,085 to €18,055Result from €3,677 to €11,670Equity from €25,290 to €36,961Debts from €35,740 to €28,814Cash from €2,691 to €11,275

Key points

from the 2025 annual accounts

Turnover

≈ €200,000 estimated

The micro format states no turnover.

Liquidity

1.74 was 1.19 in 2024

Short-term debts fell from €33,140 to €26,214.

Filings

18 annual accounts since 2008
deadline2010201520202025

The last five annual accounts were filed 8 to 11 days before the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 34,721 companies had the same profile as PANACHAI has now. Each dot stands for 87 companies, two years later.

95.3%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
Test of the method

The method was tested on the 497,762 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 34,721 companies, not a prediction for PANACHAI. 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.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0889623325
Registered office moved within Lede New registered office: Stokstraat 2, 9340 Lede · Previous registered office: Bosstraat 182, 9340 Lede · Resignation: (director) · General meeting of 05-12-2023 · Gazette deed
Resignation: (director) Director discharge: · General meeting of 01-02-2023 · Gazette deed
Registered office moved from Merelbeke to Lede New registered office: Bosstraat 182 te 9340 Lede · Previous registered office: Hundelgemsesteenweg 220, 9820 Merelbeke · Resignation: (director) · General meeting of 01-08-2022 · Gazette deed
All 31 events

Comparable companies

same main activity, similar in size and age
Company
PANACHAI Lede €65,775 €18,055 56.2% -
TARTINES Ghent €53,608 €18,087 50.5% -
'T BAREELTJE Puurs-Sint-Amands €66,071 €19,289 72.6% -
ST.NICOLAAS Brussels €66,666 €21,069 28.2% -
MIGRAF Sint-Gillis (bij-Brussel) €72,963 €20,694 -14.2% -
TOMTOM IJS Dessel €72,514 €18,757 93.4% -
EETHUIS HUZUR Peer €66,510 €19,610 53.6% -

These companies have the same main activity as PANACHAI: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €53,600 and €73,000, founded between 2004 and 2010.

Official details

Source: KBO
Status
Active since 24-05-2007Normal situation
Activity
Limited-service restaurants, excluding mobile food servicesNACE 56112
Establishment unit
2.162.961.0329340 Lede, since 12-06-2007
Financial year end
31 May
Peppol
Reachable since 13-07-2025
Company details

Annual accounts to 31-05-2025

€65,775▲ 7.8%
Filing
Filed on 22-12-2025, 9 days before the end of the filing period
Financials

Insights on PANACHAI

PANACHAI files the micro format. That format states no turnover. The gross margin rose from -€21,190 in 2008 to €18,055 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about PANACHAI

What is the company number of PANACHAI?
The company number of PANACHAI is 0889.623.325. The VAT number is the same number with BE in front: BE 0889.623.325.
Where is PANACHAI based?
The registered office is at Stokstraat 2, 9340 Lede.Company details
What does PANACHAI do?
According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
What is the legal form of PANACHAI?
PANACHAI is a private limited company (BV).
When was PANACHAI founded?
PANACHAI was founded on 24-05-2007.
Is PANACHAI still active?
Yes, PANACHAI is an active enterprise in the KBO register.
What is the turnover of PANACHAI?
The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €18,055 and 147 comparable companies (NACE 56112). It probably lies between €120,000 and €350,000. It is a rough estimate.Financials
Is PANACHAI profitable?
In financial year 2025, PANACHAI made a profit of €11,670.
Where can I find the annual accounts of PANACHAI?
PANACHAI filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PANACHAI due?
PANACHAI must file the annual accounts for financial year 2026 by 31-12-2026.Timeline

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