PANE
Annual accounts 2025
micro format, filed on 16-06-2026, 45 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €16,236 on 31-12-2025Position in the sector
-48.9%
Higher than 14% of 17,158 companies in 2025.
0.05
Lower than 95% of 16,582 companies in 2025.
-55.0%
Higher than 7% of 16,665 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
16,236 | |
21/28 |
14,960 | |
21 |
1,424 | |
22/27 |
13,536 | |
24 |
13,536 | |
29/58 |
1,277 | |
40/41 |
1,215 | |
41 |
1,215 | |
54/58 |
62 | |
| Balance sheet: equity and liabilities | ||
10/49 |
16,236 | |
10/15 |
-7,936 | |
10/11 |
1,000 | |
14 |
-8,936 | |
17/49 |
24,172 | |
42/48 |
24,172 | |
44 |
2,172 | |
440/4 |
2,172 | |
47/48 |
22,000 | |
| Income statement | ||
9900 |
-1,192 | |
60/61 |
1,192 | |
630 |
5,997 | |
640/8 |
1,674 | |
9901 |
-8,863 | |
65/66B |
72 | |
65 |
72 | |
9903 |
-8,936 | |
9904 |
-8,936 | |
9905 |
-8,936 | |
| Appropriation of the result | ||
9906 |
-8,936 | |
| Document | ||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-06-2026 | 2026-00177794 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -2,866 | ||
| -2,938 | ||
| 20,957 | ||
| -22,895 | ||
| -48.9% | ||
| 0.05 | ||
| -55.0% | ||
| -39.64 | ||
| 665 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €18,785 |
| Intangible fixed assets | €2,172 |
| €5,997 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on PANE
Equity is negative. Debt (€24,172) exceeds the balance-sheet total (€16,236).