PANERIA
ActivePANERIA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €95k and a net result of €-14k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 76% of 18940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability57▼-10
Solvency85▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.77 against 1.08 in 2023; short-term debt: 23.6% and cash: 9.4% of total assets), and 39.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.2%
Return on assets
-9.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-14k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
6 d late
2022
32 d early
2021
35 d early
2020
33 d early
2019
26 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€95k▼ 13.3%
2023 · €109k
2018: €73k
2019: €81k
2020: €101k
2021: €118k
2022: €136k
2023: €109k
2018 → 2024
Total assets
€157k▼ 23.3%
2023 · €205k
2018: €154k
2019: €130k
2020: €142k
2021: €149k
2022: €227k
2023: €205k
2018 → 2024
Net result
€-14k▼ 526%
2023 · €-2k
2018: €2k
2019: €8k
2020: €20k
2021: €17k
2022: €18k
2023: €-2k
2018 → 2024
Working capital
€-8k
2023 · €4k
2018: €-7k
2019: €-4k
2020: €11k
2021: €45k
2022: €24k
2023: €4k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€101k-€118k▲ 16.9%€136k▲ 14.8%€109k▼ 19.7%€95k▼ 13.3%
Operating result€29k-€26k▼ 9.1%€25k▼ 4.9%€-2k€-13k▼ 754%
Net result€20k-€17k▼ 16.4%€18k▲ 2.5%€-2k€-14k▼ 526%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2024 against €2k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €157k
Fixed assets
€129k▼ 10.6%
Current assets
€29k▼ 53.2%
Equity and liabilities €157k
Equity
€95k▼ 13.3%
Debt
€63k▼ 34.8%
The debt ratio falls from 46.8% to 39.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7k▼
2023 · €19k
Cash flow
€6k▼
2023 · €18k
Solvency
60.2%▲
2023 · 53.2%
Current ratio
0.77▼
2023 · 1.08
Quick ratio
0.58▼
2023 · 0.98
Debt / equity
0.66▼
2023 · 0.88
ROE
-15.3%▼
2023 · -2.1%
ROA
-9.2%▼
2023 · -1.1%
Interest coverage
7.15▼
2023 · 15.52
Debt
€63k▼
2023 · €96k
Debt ≤ 1 year
€37k▼
2023 · €57k
Debt > 1 year
€26k▼
2023 · €39k
Income taxes
€226▼
2023 · €347
Staff costs
€39k▲
2023 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€205k€157k▼
Fixed assets21/28€144k€129k▼
Tangible fixed assets22/27€144k€129k▼
Land and buildings22€69k€63k▼
Plant, machinery and equipment23€2k€7k▲
Furniture and vehicles24€73k€58k▼
Current assets29/58€61k€29k▼
Amounts receivable after more than one year29€28k-
Other amounts receivable291€28k-
Stocks and contracts in progress3€6k€7k▲
Stocks30/36€6k€7k▲
Amounts receivable within one year40/41€11k€4k▼
Trade receivables40€10k€203▼
Other amounts receivable41€364€3k▲
Cash at bank and in hand54/58€15k€15k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€205k€157k▼
Equity10/15€109k€95k▼
Contributions10/11€19k€19k=
Reserves13€86k€76k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€84k€74k▼
Profit (loss) carried forward14€5k€290▼
Amounts payable17/49€96k€63k▼
Amounts payable after more than one year17€39k€26k▼
Financial debts170/4€39k€26k▼
Amounts payable within one year42/48€57k€37k▼
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€9k€13k▲
Suppliers440/4€9k€13k▲
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€5k€5k▲
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48€25k-
Income statement
Code20232024
Remuneration, social security and pensions62€37k€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€21k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€59k€49k▼
Operating profit (loss)9901€-2k€-13k▼
Financial income75/76B€794€30▼
Recurring financial income75€794€30▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-2k€-14k▼
Income taxes67/77€347€226▼
Profit (loss) for the period9904€-2k€-14k▼
Profit (loss) for the period to be appropriated9905€-2k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-10k▼
Profit (loss) brought forward from the previous period14P€7k€5k▼
Transfer from equity791/2€25k€10k▼
Profit to be distributed694/7€25k-
Return on contributions (dividend)694€25k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 3.16
Current ratio from 1.27 to 3.16; short-term debt falls from €41k to €21k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €20k ▲169%
Operating result €29k, net result €20k, both a record.
31-12
Financial
Equity above €100kEq €101k ▲25.3%
3 profitable years in a row build equity to €101k.
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Koekelare · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint Maartensplein 98680 KoekelareGround area
394 m²
Building footprint
311 m²
Volume, LiDAR
1,534 m³
Parcel 32010D0002/00S000, Flanders · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Paneria
since 20022.052.640.556
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010D0002/00S000 | Flanders | 394 m² | 1 · 311 m² | 11.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKoekelare2.052.640.556
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Of 21,908 companies in sector 56112 we hold annual accounts for 9,783. 7,893 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-12-1990
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
15812
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.