Equity
€251,246 ▲ 4.3%
Panel Engineering paid out €50,257 in dividends. That is 83% of the 2025 profit.
Panel Engineering
Lifetime
10 annual accounts with figures on one time axispeak €137,360 (2016)
€81,809▲ 4.3%
peak €78,205 (2016)
€60,528▲ 1.4%
peak €256,497 (2020)
€251,246▲ 4.3%
€77,364▲ 26.0%
Board1 name since 2021
1 directorVan Deun Koen
Documentsfilings and deeds
06-07-202625 days before the deadline
2025micro format
Dividend €50,257Debts from €61,406 to €77,364Cash from €86,295 to €179,561
Key points
from the 2025 annual accountsFilings
10 annual accounts 2 late
The 2019 accounts came latest: 91 days after the end of the period.
Position in the sector
€251,246
More equity than 85% of companies in architecture and engineering. Sector median €63,879 · 11,799 companies.
Checked score
96
Excellent
Financially stronger than 72% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 4.43, cash €179,561
Equity €251,246 (76.5% of total assets)
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Size: total assets €328,610
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 71, micro). It does better than 87% of them on solvency, 85% on liquidity, 67% on profitability and 48% on growth.
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 very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as Panel Engineering has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Panel Engineering itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 34,693 companies, not a prediction for Panel Engineering. 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
Credit of up to €24,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.43 (4.92 in 2024), above the usual 1.5. Short-term debt is 22.6% and cash 54.6% of total assets. 23.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers 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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 days early
2024
3 days early
2023
30 days early
2022
28 days early
2021
31 days early
2020
12 days early
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0629682923
First establishment
Pellaarstraat 10A, Lille
Incorporation
published on 05-05-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Panel Engineering Lille | €328,610 | €81,809 | 76.5% | - |
| BETHOS ENGINEERING Wuustwezel | €347,444 | €79,202 | 15.9% | - |
| STIELVOL Lier | €290,737 | €87,990 | 33.5% | - |
| MEESTERS ENGINEERING Geel | €384,272 | €87,226 | 95.7% | - |
| RIEMERS Antwerp | €393,275 | €83,430 | 34.6% | - |
| Devriendt Energy, Consulting & Engineering Antwerp | €396,209 | €72,990 | 42.2% | - |
| YZERSTERK Diksmuide | €305,096 | €88,036 | 35.0% | - |
These companies have the same main activity as Panel Engineering: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €291,000 and €396,000, founded between 2014 and 2015.
Official details
Source: KBO- Status
- Active since 30-04-2015Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Establishment unit
- 2.241.902.2062275 Lille, since 01-05-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 13-01-2025
Annual accounts 2025
- ≈ €170,000estimated
- €328,610▲ 8.7%
- Filing
- Filed on 06-07-2026, 25 days before the end of the filing period
Insights on Panel Engineering
Panel Engineering files the micro format. That format states no turnover. The gross margin fell from €137,360 in 2016 to €81,809 in 2025.
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 Panel Engineering
- What is the company number of Panel Engineering?
- The company number of Panel Engineering is 0629.682.923. The VAT number is the same number with BE in front: BE 0629.682.923.
- Where is Panel Engineering based?
- The registered office is at Pellaarstraat 10A, 2275 Lille.Company details
- What does Panel Engineering do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of Panel Engineering?
- Panel Engineering is a private limited company (pre-2019) (BVBA).
- When was Panel Engineering founded?
- Panel Engineering was founded on 30-04-2015.
- Is Panel Engineering still active?
- Yes, Panel Engineering is an active enterprise in the KBO register.
- What is the turnover of Panel Engineering?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €81,809 and 45 comparable companies (NACE 711). It probably lies between €130,000 and €240,000.Financials
- Is Panel Engineering profitable?
- In financial year 2025, Panel Engineering made a profit of €60,528.
- Where can I find the annual accounts of Panel Engineering?
- Panel Engineering filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Panel Engineering due?
- Panel Engineering must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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