Financials
- Fiscal year
- 2025
- Turnover
- €26.5m
- Profit
- €688,230
- Solvency
- 21.1%
Turnover▲ 12.2%
Net result
20202025
PANAMA
ActiveSummary
PANAMA has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €688,230. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 28% of 1028 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Organisation of conventions and trade shows
NACE 82300
#7 company by staff growth in East Flanders, Office administrative support sector1 site
How big
€26.5mturnover 2025
- Staff
- 82.3 FTE
- Equity
- €1.9m
- Profit
- €688,230
Who decides
- Parent
- Panama Group · 77.47%
Auditor: VGD BedrijfsrevisorenAccounts 14 d early1 of 12 deeds read
Why 64+ Lower-failure-rate sector+ Long track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+5
Solvency46▲+6
Growth85=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.16 in 2024; short-term debt: 67.7% and cash: 9.9% of total assets), and 78.9% of the assets are financed with debt.
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Signals
Four 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
21.1%
Return on assets
7.7%
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
16 d early
2023
34 d early
2022
28 d late
2021
89 d late
2020
51 d late
2019
28 d 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 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 17 July (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Reappointment: BV VGD Bedrijfsrevisoren (statutory auditor)Permanent representative: Jurgen Lelie ·…
- Annual accounts filedfiscal year 2025 · full…
- Highest result since 2018net €688,230 ▲127%
Key points
By topic
Board & ownership
- Parent
- Panama Group · 77.47%
- Auditor
- VGD Bedrijfsrevisoren
Timeline
- Events
- 16
- Since
- 2017
- Next accounts
- by 31-07-2027
- 09-09-2026Reappointment: BV VGD Bedrijfsrevisoren (statutory auditor)
- 17-07-2026Annual accounts filed
- 31-12-2025Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Organisation of conventions and trade showsNACE 82300
- Founded
- 12-08-1997
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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