Panamon

Active

Private limited companyfounded 20215 yrs activeVrasenestraat 172, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0768.877.230

Panamon has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €9k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 23% of 7002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Watch Print / PDF

Checked score

Score 2025

57 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability65▲+55

Solvency42▲+7

Growth52▲+20

Track record94

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.39 against 0.98 in 2024; short-term debt: 9.1% and cash: 0.2% of total assets), and 82.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

17.3%

Return on assets

6.8%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7002 sector peers (2025).

NBB · sector comparison

Position among 7002 sector peers

Solvency

better than 23%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

49 d early

2024

38 d early

2023

34 d early

2022

34 d early

← before the deadline after the deadline →

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 months

Position in the running window

19-09-2026 today31-12-2026 close31-07-2027 deadline

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 2025, micro schema

Equity

€23k▲ 64.9%

2024 · €14k

2022: €22k 2023: €23k 2024: €14k

2022 → 2025

Total assets

€132k▼ 3.4%

2024 · €136k

2022: €154k 2023: €153k 2024: €136k

2022 → 2025

Net result

€9k

2024 · €-10k

2022: €20k 2023: €1k 2024: €-10k

2022 → 2025

Working capital

€5k

2024 · €-500

2022: €17k 2023: €11k 2024: €-500

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€22k-€23k▲ 5.8%€14k▼ 41.0%€23k▲ 64.9%

Operating result€28k-€8k▼ 73.0%€-5k€14k

Net result€20k-€1k▼ 93.5%€-10k€9k

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

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €14k after a loss of €5k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €132k

87.3%

12.7%

Fixed assets €115k▼ 0.8%

Current assets €17k▼ 17.8%

Equity and liabilities €132k

17.3%

82.7%

Equity €23k▲ 64.9%

Debt €109k▼ 11.1%

The debt ratio falls from 89.9% to 82.7%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€19k▲

2024 · €-1k

Cash flow

€13k▲

2024 · €-6k

Solvency

17.3%▲

2024 · 10.1%

Current ratio

1.39▲

2024 · 0.98

Quick ratio

1.39▲

2024 · 0.98

Debt / equity

4.78▼

2024 · 8.86

ROE

39.4%▲

2024 · -69.6%

ROA

6.8%▲

2024 · -7.1%

Interest coverage

4.53▲

2024 · -0.24

Debt

€109k▼

2024 · €123k

Debt ≤ 1 year

€12k▼

2024 · €21k

Debt > 1 year

€96k▼

2024 · €101k

Income taxes

€1k▲

2024 · €106

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€136k€132k▼

Fixed assets21/28€116k€115k▼

Tangible fixed assets22/27€116k€115k▼

Land and buildings22€114k€111k▼

Furniture and vehicles24€2k€4k▲

Current assets29/58€20k€17k▼

Amounts receivable within one year40/41€5k€12k▲

Trade receivables40€5k€10k▲

Other amounts receivable41€0€2k▲

Cash at bank and in hand54/58€11k€305▼

Deferred charges and accrued income490/1€5k€5k▼

Equity and liabilities

Total equity and liabilities10/49€136k€132k▼

Equity10/15€14k€23k▲

Contributions10/11€3k€3k=

Reserves13€11k€20k▲

Distributable reserves133€11k€20k▲

Amounts payable17/49€123k€109k▼

Amounts payable after more than one year17€101k€96k▼

Financial debts170/4€101k€96k▼

Amounts payable within one year42/48€21k€12k▼

Current portion of amounts payable after more than one year42€5k€5k▲

Financial debts43€334€988▲

Credit institutions430/8€334€988▲

Trade debts44€5k€657▼

Suppliers440/4€5k€657▼

Taxes, remuneration and social security45€6k€2k▼

Taxes450/3€6k€2k▼

Other amounts payable47/48€4k€3k▼

Accrued charges and deferred income492/3€652€651▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€0▼

Other operating charges640/8€2k€1k▼

Gross operating margin9900€12k€20k▲

Operating profit (loss)9901€-5k€14k▲

Financial income75/76B€0€4▲

Recurring financial income75€0€4▲

Financial charges65/66B€5k€4k▼

Recurring financial charges65€5k€4k▼

Profit (loss) for the period before taxes9903€-10k€10k▲

Income taxes67/77€106€1k▲

Profit (loss) for the period9904€-10k€9k▲

Profit (loss) for the period to be appropriated9905€-10k€9k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-10k€9k▲

Transfer from equity791/2€10k€0▼

Transfer to equity691/2€0€9k▲

To other reserves6921€0€9k▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

12-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Back to profitnet €9k

Net result €9k after one loss-making year.

23-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-10k ▼852%

Net result drops to €-10k, the lowest in the series; recovery starts the following year.

27-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

27-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

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, Sint-Niklaas · 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.

Vrasenestraat 1729100 Sint-Niklaas

Ground area

924 m²

Building footprint

182 m²

Volume, LiDAR

802 m³

Parcel 46017A0471/00W002, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Panamon

Vrasenestraat 172, 9100 Sint-NiklaasActivities of head offices; management consultancy activities

since 20212.317.834.893

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46017A0471/00W002	Flanders	924 m²	1 · 182 m²	7.1 m · 1 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.

Similar companies · same sector, comparable size

BK Consulting Services

Of 13,422 companies in sector 73300 we hold annual accounts for 6,900. 4,889 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded28-05-2021

Fiscal year end31-12

Activities, NACEBEL

70210Activities of head offices; management consultancy activities

73300Public relations and communication consultancy

70100Activities of head offices

70200Business and other management consultancy

70220Business consulting

73110Advertising agencies

74909Other professional, scientific and technical activities

74999Other professional, scientific and technical activities

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.