PANAM

Open bankruptcy

Private limited companyfounded 2021Rue Guillaume Maréchal 2 K, 4453 Juprelle, BelgiumKBO/BCE: BE 0761.716.452

Summary

A bankruptcy procedure is open for PANAM according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €20k and a net result of €8k.

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Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

31 d late

2021

2 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2022, micro schema

Equity

€20k▲ 68.6%

2021 · €12k

2021: €12k

2021 → 2022

Total assets

€51k▲ 76.6%

2021 · €29k

2021: €29k

2021 → 2022

Net result

€8k▼ 13.2%

2021 · €9k

2021: €9k

2021 → 2022

Working capital

€9k▲ 285%

2021 · €2k

2021: €2k

2021 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022Trend

Equity€12k-€20k▲ 68.6%

Operating result€11k-€11k▲ 1.8%

Net result€9k-€8k▼ 13.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2022; 2022 is 2% above 2021.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €51k

21.4%

78.6%

Fixed assets €11k ▼ 0.4%

Current assets €40k ▲ 124%

Equity and liabilities €51k

39.9%

60.1%

Equity €20k ▲ 68.6%

Debt €30k ▲ 82.4%

Debt's share of the balance-sheet total rises from 58.2% to 60.1%. Equity and debt are higher.

Key figures and ratios

2022 value · change against 2021

EBITDA

€13k▲

2021 · €12k

Cash flow

€10k▼

2021 · €11k

Current ratio

1.31▲

2021 · 1.16

Quick ratio

0.44▼

2021 · 0.61

Debt to equity

1.51▲

2021 · 1.39

ROE

40.7%▼

2021 · 79.1%

ROA

16.2%▼

2021 · 33.1%

Interest coverage

63.40▼

2021 · 387.78

Debt ≤ 1 year

€30k▲

2021 · €15k

Income taxes

€3k▲

2021 · €1k

Staff costs

€12k▲

2021 · €3k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2022 against 2021 · 50 lines

Balance sheet Code20212022

Assets

Total assets20/58€29k€51k▲

Fixed assets21/28€11k€11k▼

Tangible fixed assets22/27€11k€11k▼

Plant, machinery and equipment23€11k€10k▼

Furniture and vehicles24-€1k

Financial fixed assets28€110€110=

Current assets29/58€18k€40k▲

Stocks and contracts in progress3€8k€26k▲

Stocks30/36€988€5k▲

Contracts in progress37€8k€21k▲

Amounts receivable within one year40/41€3k€6k▲

Trade receivables40€3k€6k▲

Cash at bank and in hand54/58€6k€7k▲

Deferred charges and accrued income490/1€1k-

Equity and liabilities

Total equity and liabilities10/49€29k€51k▲

Equity10/15€12k€20k▲

Contributions10/11€3k€3k=

Capital10€3k-

Issued capital100€3k-

Reserves13€250€250=

Non-distributable reserves130/1€250€250=

Legal reserve130€250-

Reserves not available under the articles1311-€250

Profit (loss) carried forward14€9k€17k▲

Amounts payable17/49€17k€30k▲

Amounts payable within one year42/48€15k€30k▲

Trade debts44€3k€2k▼

Suppliers440/4€3k€2k▼

Advances received on contracts in progress46-€4k

Taxes, remuneration and social security45€4k€8k▲

Taxes450/3€3k€5k▲

Remuneration and social security454/9€1k€2k▲

Other amounts payable47/48€8k€17k▲

Accrued charges and deferred income492/3€1k-

Income statement Code20212022

Remuneration, social security and pensions62€3k€12k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼

Other operating charges640/8€363-

Non-recurring operating charges66A-€272

Gross operating margin9900€16k€25k▲

Operating profit (loss)9901€11k€11k▲

Financial charges65/66B€32€198▲

Recurring financial charges65€32€198▲

Profit (loss) for the period before taxes9903€11k€11k▲

Income taxes67/77€1k€3k▲

Profit (loss) for the period9904€9k€8k▼

Profit (loss) for the period to be appropriated9905€9k€8k▼

Appropriation of the result

Profit (loss) to be appropriated9906€9k€17k▲

Profit (loss) brought forward from the previous period14P-€9k

Transfer to equity691/2€250-

To the legal reserve6920€250-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Signals 1Filings 2

2026

09-03

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Liège · PANAM SRL RUE GUILLAUME MARECHAL 2 K/2, 4453 VILLERS-SAINT-SIMEON · event 02-03-2026

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

29-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

SignalNBB filing

Directors · office · real estate

Directors

7 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, Juprelle · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Rue Guillaume Maréchal 2 K4453 Juprelle

Ground area

1,191 m²

Building footprint

272 m²

Volume, LiDAR

1,716 m³

2 parcels, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

PANAM

Rue Croix Jouette 1, 4041 HerstalOther manufacturing

since 20212.312.896.506

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62107A0615/00B000	Wallonia	739 m²	1 · 181 m²	8.2 m · 2 fl.
62112A0216/00V032	Wallonia	452 m²	1 · 92 m²	10.7 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	CHRISTELLE GRODENT RUE NEUVE 5, 4032 CHENEE ↔ Also on 58 other cases	02-03-2026 → present
Curator	LEON LEDUC PLACE DE BRONCKART 1, 4000 LIEGE 1	02-03-2026 → present

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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,218 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded18-01-2021

Fiscal year end31-12

Activities, NACEBEL 2025

43990Other specialised construction activities

47527Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.