PANAME is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €357k and a net result of €18k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 34% of 5527 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 9 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
2023
24 d late
2022
29 d late
2021
31 d late
2020
31 d late
2019
31 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€357k▲ 21.6%
2024 · €293k
2018: €201k
2019: €273k
2020: €297k
2021: €307k
2022: €325k
2023: €346k
2024: €293k
2018 → 2025
Net result
€18k
2024 · €-52k
2018: €171k
2019: €72k
2020: €24k
2021: €14k
2022: €18k
2023: €21k
2024: €-52k
2018 → 2025
Total assets
€1.06M▲ 24.7%
2024 · €850k
2018: €1.25M
2019: €1.05M
2020: €1.19M
2021: €1.06M
2022: €983k
2023: €968k
2024: €850k
2018 → 2025
Solvency
33.6%▼ 0.9pp
2024 · 34.5%
2018: 16.1%
2019: 26.1%
2020: 25.0%
2021: 28.9%
2022: 33.1%
2023: 35.7%
2024: 34.5%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€307k-€325k▲ 5.9%€346k▲ 6.3%€293k▼ 15.1%€357k▲ 21.6%
Operating result€27k-€31k▲ 15.9%€33k▲ 6.6%€-47k€21k
Net result€14k-€18k▲ 27.1%€21k▲ 12.7%€-52k€18k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €21k after a loss of €47k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.06M
Fixed assets
€308k▲ 106%
Current assets
€752k▲ 7.4%
Equity and liabilities €1.06M
Equity
€357k▲ 21.6%
Debt
€703k▲ 26.3%
The debt ratio rises from 65.5% to 66.4%. Equity and debt are higher.
Key figures and ratios
Solvency
33.6%▼
2024 · 34.5%
ROE
5.0%▲
2024 · -17.8%
ROA
1.7%▲
2024 · -6.1%
Debt
€703k▲
2024 · €557k
Debt ≤ 1 year
€389k▼
2024 · €394k
Debt > 1 year
€314k▲
2024 · €163k
Income taxes
€4k▲
2024 · €105
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€850k€1.06M▲
Fixed assets21/28€150k€308k▲
Tangible fixed assets22/27€150k€102k▼
Land and buildings22€23k€43k▲
Plant, machinery and equipment23€63k€55k▼
Furniture and vehicles24€7k€4k▼
Other tangible fixed assets26€56k-
Financial fixed assets28€200€206k▲
Current assets29/58€700k€752k▲
Amounts receivable within one year40/41€699k€730k▲
Trade receivables40€546k€309k▼
Other amounts receivable41€153k€421k▲
Cash at bank and in hand54/58€56€21k▲
Deferred charges and accrued income490/1€780€661▼
Equity and liabilities
Total equity and liabilities10/49€850k€1.06M▲
Equity10/15€293k€357k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€271k€335k▲
Amounts payable17/49€557k€703k▲
Amounts payable after more than one year17€163k€314k▲
Financial debts170/4€163k€114k▼
Other amounts payable178/9-€200k
Amounts payable within one year42/48€394k€389k▼
Current portion of amounts payable after more than one year42€68k€70k▲
Trade debts44€208k€183k▼
Suppliers440/4€208k€183k▼
Advances received on contracts in progress46€1k€1k=
Taxes, remuneration and social security45€46k€15k▼
Taxes450/3€10k€15k▲
Remuneration and social security454/9€36k-
Other amounts payable47/48€71k€121k▲
Income statement
Code20242025
Non-recurring operating income76A€7k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€90k▼
Other operating charges640/8€284€186▼
Gross operating margin9900€54k€110k▲
Operating profit (loss)9901€-47k€21k▲
Financial income75/76B-€6k
Recurring financial income75-€6k
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€-52k€22k▲
Income taxes67/77€105€4k▲
Profit (loss) for the period9904€-52k€18k▲
Profit (loss) for the period to be appropriated9905€-52k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€271k€335k▲
Profit (loss) brought forward from the previous period14P€323k€317k▼
The notes to these accounts (13 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-52k ▼354%
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 24 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, De Haan · 1 establishment unit since 2016
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.
Ringlaan-Zuid 1098420 De HaanGround area
1,949 m²
Building footprint
286 m²
Volume, LiDAR
1,560 m³
Parcel 35007A0783/00F000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PANAME
since 20162.258.632.033
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007A0783/00F000 | Flanders | 1,949 m² | 1 · 286 m² | 9.2 m · 2 fl. |
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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Of 24,728 companies in sector 64210 we hold annual accounts for 19,764. 13,776 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.