Financials
- Financial year
- 2026
- Total assets
- €926,359
- Profit
- €161,608
- Solvency
- 30.6%
Total assets▲ 47.6%
Net result
20192026
PANACHE
ActiveSummary
PANACHE has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €283,626 and a net result of €161,608. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 49% of 543 sector peers (NACE 47, financial year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Retail trade
NACE 47553Retail sale of lighting equipment NACE 47552
1 site
Size
≈ €1.9mturnover 2026, estimated
- Staff
- 2.5 FTE
- Equity
- €283,626
- Profit
- €161,608
Turnover estimated from the gross margin
Structure
- ODAIADirector
2026 accounts 93 days early1 of 2 deeds summarised
Why 92raises riskSector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 1.26, cash €237,098Founded in 2005Figures for financial year 2026 (filed 29-06-2026)Show the evidence
Checked score
Score 2026
92
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 48% of its sector peers (NACE 47, micro)
Financial strength · tick = 2025
Strong
Solvency
56-33
equity 30.6% of total assets
Liquidity
45+9
short-term debt 69.4% · cash 25.6%
Profitability
91+8
return on assets 17.4%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%▼ -0.1 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 0.1%▼ -0.2 percentage points vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.26, compared with 2.08 in 2025, below the usual 1.5; short-term debt: 69.4% and cash: 25.6% of total assets), and 69.4% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 46% on solvency, 44% on liquidity, 85% on profitability and 16% on growth.
The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 29-06-2026, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
93 days early
2025
60 days early
2024
67 days early
2023
59 days early
2022
121 days early
2021
90 days early
2020
154 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 92 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-10-2026 today28-02-2027 year end30-09-2027 deadline
- Annual accounts filedfinancial year 2026 · abbreviated…
- Highest result from 2019 to 2026net €161,608 ▲130%
- Annual accounts filedfinancial year 2025 · abbreviated…
Key points
- Positive: Result rose in 2026from €70,241 to €161,608 ▲ 130% View
- Positive: Among the best 19% on net resultsector median €23,839 · 543 companies €161,608 View
- Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
- Positive: 7 profitable years in a rowprofit 2026: €161,608 7 years View
By topic
Board & ownership
- Board
- 1 member
- ODAIADirector
Timeline
- Events
- 24
- Since
- 2007
- Next accounts
- by 30-09-2027
- 25-07-2024Annual accounts filed
- 02-08-2023Annual accounts filed
- 21-06-2023Appointment: ODAIA (director)
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail tradeNACE 47553
- Founded
- 29-12-2005
- Year ends
- 28-02
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 38
- Annual meeting
- Last Thursday of August at 17:00
- Purpose
- “Kleinhandel in huishoudelijke artikelen; Kleinhandel in textiel, schoeisel, kleding…” (deed in Dutch)
Key facts about PANACHE
- What is the company number of PANACHE?
- 0878.235.228. In Belgium the VAT number is the company number with BE in front: BE 0878.235.228.
- Where is PANACHE based?
- The registered office is at Strandlaan(Kok) 305, 8670 Koksijde.Company details
- What does PANACHE do?
- According to the KBO register, the main activity is retail trade (NACE 47553).
- What is the legal form of PANACHE?
- Private limited company (BV).
- When was PANACHE founded?
- On 29-12-2005.
- Is PANACHE still active?
- Yes, PANACHE is an active enterprise in the KBO register.
- How many employees does PANACHE have?
- On average 2.5 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- What is the turnover of PANACHE?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is PANACHE profitable?
- In financial year 2026, PANACHE made a profit of €161,608.
- Where can I find the annual accounts of PANACHE?
- PANACHE filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of PANACHE due?
- By 30-09-2027, for financial year 2027.Timeline
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