Panache Consulting
ActivePanache Consulting has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €47k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 16941 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +22 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+43
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.8 against 1.31 in 2024), and 23.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.9%
Return on assets
54.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-03-2026, 129 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
129 d early
2024
20 d early
2023
34 d early
2022
31 d early
2021
4 d late
2020
17 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€66k▲ 244%
2024 · €19k
2018: €9k
2019: €19k
2020: €32k
2021: €44k
2022: €18k
2023: €18k
2024: €19k
2018 → 2025
Total assets
€86k▲ 43.8%
2024 · €60k
2018: €20k
2019: €34k
2020: €55k
2021: €55k
2022: €28k
2023: €61k
2024: €60k
2018 → 2025
Net result
€47k▲ 92.4%
2024 · €24k
2018: €3k
2019: €12k
2020: €15k
2021: €12k
2022: €-26k
2023: €30k
2024: €24k
2018 → 2025
Working capital
€56k▲ 346%
2024 · €13k
2018: €6k
2019: €16k
2020: €26k
2021: €23k
2022: €3k
2023: €6k
2024: €13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€18k▼ 58.4%€18k▲ 1.1%€19k▲ 4.7%€66k▲ 244%
Operating result€18k-€-23k€35k€34k▼ 1.9%€64k▲ 84.8%
Net result€12k-€-26k€30k€24k▼ 17.6%€47k▲ 92.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 85% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86k
Fixed assets
€10k▲ 55.2%
Current assets
€76k▲ 42.3%
Equity and liabilities €86k
Equity
€66k▲ 244%
Debt
€20k▼ 51.0%
The debt ratio falls from 67.9% to 23.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€69k▲
2024 · €40k
Cash flow
€52k▲
2024 · €30k
Solvency
76.9%▲
2024 · 32.1%
Current ratio
3.80▲
2024 · 1.31
Quick ratio
3.80▲
2024 · 1.31
Debt / equity
0.30▼
2024 · 2.11
ROE
70.9%▼
2024 · 126.7%
ROA
54.5%▲
2024 · 40.7%
Interest coverage
25.72▲
2024 · 18.29
Debt
€20k▼
2024 · €41k
Debt ≤ 1 year
€20k▼
2024 · €41k
Income taxes
€14k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€60k€86k▲
Fixed assets21/28€7k€10k▲
Tangible fixed assets22/27€7k€10k▲
Plant, machinery and equipment23€654€252▼
Furniture and vehicles24€5k€10k▲
Other tangible fixed assets26€904€662▼
Current assets29/58€53k€76k▲
Amounts receivable within one year40/41€11k€17k▲
Trade receivables40€10k€17k▲
Other amounts receivable41€1k€27▼
Cash at bank and in hand54/58€39k€56k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€60k€86k▲
Equity10/15€19k€66k▲
Contributions10/11€6k€6k=
Reserves13€13k€60k▲
Distributable reserves133€13k€60k▲
Amounts payable17/49€41k€20k▼
Amounts payable within one year42/48€41k€20k▼
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€1k€8k▲
Suppliers440/4€1k€8k▲
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€8k€9k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€24k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€821€855▲
Gross operating margin9900€41k€70k▲
Operating profit (loss)9901€34k€64k▲
Financial income75/76B€0€5▲
Recurring financial income75€0€5▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€32k€61k▲
Income taxes67/77€8k€14k▲
Profit (loss) for the period9904€24k€47k▲
Profit (loss) for the period to be appropriated9905€24k€47k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€47k▲
Transfer to equity691/2€866€47k▲
To other reserves6921€866€47k▲
Profit to be distributed694/7€24k-
Return on contributions (dividend)694€24k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €47k ▲92.4%
Operating result €64k, net result €47k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.80
Current ratio from 1.31 to 3.80; short-term debt falls from €41k to €20k.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-26k ▼317%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tessenderlo-Ham · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Boskant 303945 Tessenderlo-HamGround area
839 m²
Building footprint
142 m²
Parcel 71046A1581/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
Boskant 30, 3945 Tessenderlo-Ham
since 20172.269.602.238
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71046A1581/00A000 | Flanders | 839 m² | 1 · 142 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FUSUMA
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M A SOFTWARE TECHNOLOGIES
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Of 29,997 companies in sector 62200 we hold annual accounts for 18,386. 15,524 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2017
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.