PANI DELICE
ActivePANI DELICE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49k and a net result of €166k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 36% of 18024 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency21▼-19
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.91 against 1.1 in 2024), and 82.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 47
Relative position
BE, all sectors
reference
Sector 47
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.7%
Return on assets
59.5%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
29 d late
2023
30 d late
2022
60 d late
2021
33 d early
2020
31 d late
2019
14 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€49k▲ 2.9%
2024 · €48k
2018: €40k
2019: €41k
2020: €42k
2021: €47k
2022: €47k
2023: €48k
2024: €48k
2018 → 2025
Total assets
€280k▲ 46.1%
2024 · €191k
2018: €277k
2019: €262k
2020: €284k
2021: €233k
2022: €170k
2023: €165k
2024: €191k
2018 → 2025
Net result
€166k▲ 27.6%
2024 · €130k
2018: €109k
2019: €96k
2020: €71k
2021: €70k
2022: €72k
2023: €53k
2024: €130k
2018 → 2025
Working capital
€-16k
2024 · €13k
2018: €-52k
2019: €10k
2020: €2k
2021: €25k
2022: €10k
2023: €16k
2024: €13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€47k▲ 0.1%€48k▲ 1.0%€48k▲ 0.9%€49k▲ 2.9%
Operating result€79k-€80k▲ 2.2%€60k▼ 25.1%€138k▲ 128%€172k▲ 25.3%
Net result€70k-€72k▲ 3.5%€53k▼ 25.8%€130k▲ 144%€166k▲ 27.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 25% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €280k
Fixed assets
€116k▲ 136%
Current assets
€163k▲ 14.9%
Equity and liabilities €280k
Equity
€49k▲ 2.9%
Debt
€230k▲ 60.5%
The debt ratio rises from 74.9% to 82.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€202k▲
2024 · €157k
Cash flow
€196k▲
2024 · €150k
Solvency
17.7%▼
2024 · 25.1%
Current ratio
0.91▼
2024 · 1.10
Quick ratio
0.88▼
2024 · 1.04
Debt / equity
4.66▲
2024 · 2.99
ROE
337.2%▲
2024 · 272.0%
ROA
59.5%▼
2024 · 68.2%
Interest coverage
26.26▲
2024 · 22.61
Debt
€230k▲
2024 · €143k
Debt ≤ 1 year
€179k▲
2024 · €129k
Debt > 1 year
€51k▲
2024 · €14k
Income taxes
€323▼
2024 · €542
Staff costs
€82k▲
2024 · €56k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€191k€280k▲
Fixed assets21/28€49k€116k▲
Tangible fixed assets22/27€48k€115k▲
Plant, machinery and equipment23€9k€20k▲
Furniture and vehicles24€40k€96k▲
Financial fixed assets28€632€632=
Current assets29/58€142k€163k▲
Stocks and contracts in progress3€7k€5k▼
Stocks30/36€7k€5k▼
Amounts receivable within one year40/41€31k€59k▲
Trade receivables40€1k€975▼
Other amounts receivable41€29k€58k▲
Cash at bank and in hand54/58€103k€97k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€191k€280k▲
Equity10/15€48k€49k▲
Contributions10/11€19k€19k=
Reserves13€29k€31k▲
Tax-exempt reserves132€10k€10k=
Distributable reserves133€19k€20k▲
Amounts payable17/49€143k€230k▲
Amounts payable after more than one year17€14k€51k▲
Financial debts170/4€14k€51k▲
Amounts payable within one year42/48€129k€179k▲
Current portion of amounts payable after more than one year42€9k€26k▲
Trade debts44€60k€53k▼
Suppliers440/4€60k€53k▼
Taxes, remuneration and social security45€11k€16k▲
Taxes450/3€3k€2k▼
Remuneration and social security454/9€8k€14k▲
Other amounts payable47/48€49k€84k▲
Accrued charges and deferred income492/3-€50
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€56k€82k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€30k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€216k€287k▲
Operating profit (loss)9901€138k€172k▲
Financial income75/76B€318€2k▲
Recurring financial income75€318€2k▲
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€131k€167k▲
Income taxes67/77€542€323▼
Profit (loss) for the period9904€130k€166k▲
Profit (loss) for the period to be appropriated9905€130k€166k▲
Appropriation of the result
Profit (loss) to be appropriated9906€130k€166k▲
Transfer to equity691/2€428€1k▲
To other reserves6921€428€1k▲
Profit to be distributed694/7€130k€165k▲
Directors or managers695€130k€165k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
31-12
Financial
Highest result since 2018net €166k ▲27.6%
Operating result €172k, net result €166k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €53k ▼25.8%
Net result drops to €53k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Nieuwpoort · 2 establishment units 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.
Albert I laan 1618620 NieuwpoortGround area
759 m²
Building footprint
576 m²
Volume, LiDAR
6,529 m³
2 parcels, Flanders · tallest building 20.4 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
CROISSY
since 20022.114.328.893
Croissy
since 20122.217.429.403
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007A0003/00C023 ProtectedTownscape or village viewDe Haan Concessie: uitbreiding tot hele vroegere ConcessieSource ↗ |
Flanders | 477 m² | 1 · 284 m² | 20.4 m · 6 fl. |
| 38402D0064/00C000 | Flanders | 282 m² | 1 · 292 m² | 17.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteNieuwpoort2.114.328.893
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Of 2,380 companies in sector 47241 we hold annual accounts for 1,084. 919 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-03-2002
Fiscal year end31-12
Activities, NACEBEL
47241Retail sale of bread and pastry (bakery outlets)
52240
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.