Equity
-€7,936
Debts exceed assets in financial year 2025.
PANE
Lifetime
1 annual account with figurespeak -€1,192 (2025)
-€1,192
lowest -€8,936 (2025)
-€8,936
peak -€7,936 (2025)
-€7,936
€24,172
Board1 name since 2024
1 directorKUZU, Vehbi
Documentsfilings and deeds
16-06-202645 days before the deadline
2025micro format
Loss of €8,936First year with figures
Key points
from the 2025 annual accountsDebts
€24,172 149% of the balance sheet
Position in the sector
-48.9%
Lower solvency than 85% of companies in food and beverage service. Sector median 29.5% · 17,158 companies.
Turnover not published (micro format)
Checked score
34
Weak
Financially stronger than 6% of micro companies in food and beverage service (NACE 56)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 3.9%lowest value
02-2026: 3.9%● unchanged vs 01-2026lowest value
03-2026: 4.1%▲ +0.2 percentage points vs 02-2026
04-2026: 4.4%▲ +0.3 percentage points vs 03-2026
05-2026: 4.6%▲ +0.2 percentage points vs 04-2026
06-2026: 4.9%▲ +0.3 percentage points vs 05-2026
07-2026: 4.8%▼ -0.1 percentage points vs 06-2026
08-2026: 5.1%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 5.1%● unchanged vs 08-2026highest value
10-2026: 5.1%● unchanged vs 09-2026
11-2026: 5.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2024
Liquidity: current ratio 0.05, cash €62
lowers risk
Size: total assets €16,236
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 9% of them on solvency, 2% on liquidity and 8% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,322 companies had the same profile as PANE has now. Each dot stands for 4 companies, two years later.
90.2%
were still trading
5.5%
stopped another way
4.2%
went bankrupt
That fits the bankruptcy probability of PANE itself: 5.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,322 companies, not a prediction for PANE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.05, below 1. Short-term debt is 148.9% and cash 0.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 16-06-2026, 45 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
45 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Incorporation
Founding capital of €1,000, 100 shares · Founder: KUZU, Vehbi · Appointment: KUZU, Vehbi (director) · published on 24-12-2024 · Gazette deed
First establishment
VERONA, Kapellei 260, Zoersel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PANE Zoersel | - | - | -48.9% | - |
| OMNIFLEX Antwerp | €17,362 | - | -88.0% | - |
| OERSAP Antwerp | - | - | 6.1% | - |
| SCJ Vanescote Ham-sur-Heure-Nalinnes | €80,177 | -1.4% | 12.5% | - |
| Brasserie Drop OFF Zaventem | - | - | 99.3% | - |
| LTAC Namur | - | - | -206.7% | - |
| OLD GYUMRI Asse | - | - | -238.7% | - |
These companies have the same main activity as PANE: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €15,400 and €18,800, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 20-12-2024Normal situation
- Activity
- Full-service restaurantsNACE 56111and 2 others
- Establishment unit
- 2.368.458.7972980 Zoersel, since 20-12-2024
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €16,236
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on PANE
The computed 12-month bankruptcy probability of PANE is 5.1% (elevated). The 2025 annual accounts show negative equity (-€7,936) and a net result of -€8,936.
Its solvency ranks better than 14% of 17,158 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PANE
- What is the company number of PANE?
- The company number of PANE is 1017.737.361. The VAT number is the same number with BE in front: BE 1017.737.361.
- Where is PANE based?
- The registered office is at Kapellei 260, 2980 Zoersel.Company details
- What does PANE do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of PANE?
- PANE is a private limited company (BV).
- When was PANE founded?
- PANE was founded on 20-12-2024.
- Is PANE still active?
- Yes, PANE is an active enterprise in the KBO register.
- What is the turnover of PANE?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is PANE profitable?
- In financial year 2025, PANE made a loss of €8,936.
- Where can I find the annual accounts of PANE?
- PANE filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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