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Generated 30-08-2026
Active BE 0790.630.469Private limited company

PANEREX REAL ESTATE

Terhillslaan(E) 4 ·3630 Maasmechelen, Belgium· 3 yrs active
Sector: Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen (68201)
Conclusion Checked

The computed 12-month bankruptcy probability of PANEREX REAL ESTATE is 0.9% (low). The 2024 annual accounts show equity of €1.00M and a net result of €-7k. Its solvency ranks better than 91% of 1709 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €1.00M
Net result €-7k
Better than sector 91%
Active 3 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health63Profitability0Solvency100Growth58Stability94
63 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 63
Profitability 0
Solvency 100
Growth 58
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
0.9% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
63 / 100 Healthy
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 25-07-2025 with the NBB · fiscal year 2024 · verkort
€-10k€-8k€-5k€-3k€0Operating result 2023: €-6k€-6kNet result 2023: €-9k€-9kOperating result 2024: €-2k€-2kNet result 2024: €-7k€-7k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 87.1% 14.4%
better than 91% of 1709 sector peers
Net result €-7k €0
better than 41% of 1705 sector peers
Equity €1.00M €109k
better than 80% of 1709 sector peers
Gross operating margin €34k €51k
better than 45% of 1706 sector peers
Total assets €1.15M €1.50M
better than 44% of 1709 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€23k
-16.7% 23-24
Net profit
€-7k
+27.1% 23-24
Cash flow
€19k
-22.5% 23-24
Total assets
€1.15M
+5.3% 23-24
Equity
€1.00M
-0.7% 23-24
Debt
€149k
+76.5% 23-24
Debt > 1y
€149k
+76.5% 23-24
Solvency
87.1%
-5.7% 23-24
Show 4 other metrics
Debt / equity
0.15
+77.7% 23-24
ROE
-0.7%
+26.6% 23-24
ROA
-0.6%
+30.8% 23-24
Interest coverage
5.35
-32.8% 23-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue-
EBITDA€23k
Net profit€-7k
Cash flow€19k
Staff costs-
Income taxes-
Dividends-
Total assets€1.15M
Equity€1.00M
Debt€149k
of which ≤ 1y-
of which > 1y€149k
Working capital-
Employees (FTE)-
Ratios (computed)
2024
Current ratio-
Quick ratio-
Working capital ratio-
Solvency87.1%
Debt / equity0.15
Long-term debt ratio0.15
Interest coverage5.35
Gross margin-
Net margin-
ROA-0.6%
ROE-0.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (18 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.15M
Fixed assets 21/28€1.15M
Tangible fixed assets 22/27€1.15M
Current assets 29/58€2k
Amounts receivable within one year 40/41€2k
Cash & bank 54/58€3
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.15M
Equity 10/15€1.00M
Contributions / capital 10/11€1.02M
Accumulated profits (losses) 14€-16k
Amounts payable 17/49€149k
Amounts payable after one year 17€149k
Income statement
Gross operating margin 9900€34k
Operating result 9901€-2k
Financial charges 65€4k
Result before taxes 9903€-7k
Net result for the period 9904€-7k
Result to be appropriated 9905€-7k
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Directors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (25092181). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • Adriaan FASTRÉ
    Director
    State Gazette act 25092181 (22-07-2025)
    Current
    23-06-2025 → present
  • Annick VERSCHELDE
    Director
    State Gazette act 25092181 (22-07-2025)
    Current
    23-06-2025 → present
  • Philip FASTRÉ
    Director
    State Gazette act 25092181 (22-07-2025)
    Current
    23-06-2025 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen(68201)
Legal form Private limited company(610)
Incorporation09-09-2022
StatusActive
Postal code3630
Establishment units 1 location
PANEREX REAL ESTATE
Terhillslaan(E) 4, 3630 MaasmechelenHandel in eigen onroerend goed
since 20222.335.143.653
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73013C0455/00H000 Flanders 5,457 m² 1 · 1,497 m² 10.2 m
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
25-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
22-07-2025
State Gazette act Director changes
2024
30-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
22-07-2025 3 directors appointed Director changes
  • Annick VERSCHELDE, Bestuurder
  • Adriaan FASTRÉ, Bestuurder
  • Philip FASTRÉ, Bestuurder
Technical details 
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  "notary": {
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  },
  "act_meta": {
    "language": "nl",
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    "filing_date": "2025-07-10",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
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  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0790.630.469",
    "name_full": "PANEREX REAL ESTATE",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
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    "org_rep_person_name": null,
    "person_role_at_subject": "bestuurder"
  },
  "co_filed_documents": [
    "Origineel getekende notulen van de Beslissingen van de Enige Aandeelhouder d.d. 23/06/2025",
    "Origineel getekende verklaring geen bestuursverboden d.d. 23/06/2025"
  ],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203
Primary activity highlighted.
Names & trade names
Legal nameNL PANEREX REAL ESTATE
Registered office
Terhillslaan(E) 4
3630 Maasmechelen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative