Panelflex

Public limited companyfounded 1992active for 34 yearsNoordlaan 5, 8520 Kuurne, BelgiumKBO/BCE: BE 0447.094.774

Summary

Panelflex 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 €2.6m and a net result of €169,074, of which €150,913 non-recurring income. Equity remains stable across the filed financial years (±1.8% per year). Its solvency ranks better than 37% of 3,011 sector peers (NACE 64, financial year 2025). The company has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals.

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PanelflexActive

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Activity

Activities of holding companies

NACE 64210Insulation installation NACE 43230

7th oldest company in Kuurne, Finance and insurance sector1 site

Size

€5.6mtotal assets 2025

Staff: 15 FTE
Equity: €2.6m
Profit: €169,074

Financial health

Financial institution: outside the modelBankruptcy probability: sector outside the model

Structure

Parent: VILESK · 100%

Sarah BONTEManaging director
BUYCK Klaas Ignaas FelixManaging director

2025 accounts filed 31 days late3 of 13 deeds summarised

SignalsneutralA punctual record breaksShow the evidence

Checked score

Outside the general model

Model not applicable to financial institutions

The Checked 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.

Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

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Signals

1 signal.

neutral

A punctual record breaks

This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

31 days late

2024

55 days early

2023

35 days early

2022

40 days early

2021

14 days early

2020

3 days early

2019

31 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 12 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)

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 27 June (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

31-08-2026 Annual accounts filedfinancial year 2025 · full…
13-08-2025 Capital & shares · Resignations &…Resignation: VILESK (director) · Permanent…
13-06-2025 RestructuringPermanent representative: Klaas BUYCK ·…

Key points

Positive: 7th oldest company in Kuurne, Finance and insurance sectorin the Checked rankings No. 7 View
Positive: 8 profitable years in a rowprofit 2025: €169,074, mostly one-off 8 years View
Controlled by VILESK 100% View
Merger with VILESKmerger on 13-08-2025 2025 View

By topic

Financials

Financial year: 2025
Total assets: €5.6m
Profit: €169,074
Solvency: 45.8%

Total assets▼ 4.5%

Net result

20182025

Go to Financials

Board & ownership

Board: 2 members
Parent: VILESK · 100%

Sarah BONTEManaging director
BUYCK Klaas Ignaas FelixManaging director

Go to Board & ownership

Network & group

Mergers and asset contributions: 1

Go to Network & group

Timeline

Events: 37
Since: 1994
Next accounts: by 31-07-2027

06-06-2025Annual accounts filed
26-06-2024Annual accounts filed
04-03-2024Reappointments: Sarah BONTE (director and managing director)…

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Activities of holding companiesNACE 64210
Founded: 02-04-1992
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 2

See the provisions in the deeds

Go to Articles of association

Key facts about Panelflex

What is the company number of Panelflex?: 0447.094.774. In Belgium the VAT number is the company number with BE in front: BE 0447.094.774.
Where is Panelflex based?: The registered office is at Noordlaan 5, 8520 Kuurne.Company details
What does Panelflex do?: According to the KBO register, the main activity is activities of holding companies (NACE 64210).
What is the legal form of Panelflex?: Public limited company (NV).
When was Panelflex founded?: On 02-04-1992.
Is Panelflex still active?: Yes, Panelflex is an active enterprise in the KBO register.
How many employees does Panelflex have?: On average 15 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Panelflex?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Panelflex profitable?: In financial year 2025, Panelflex made a profit of €169,074.
Where can I find the annual accounts of Panelflex?: Panelflex filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Panelflex due?: By 31-07-2027, for financial year 2026.Timeline