PANIMA
ActiveSummary
PANIMA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.6m and a net result of €509,883. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 66% of 8112 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+23
Solvency96▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.28 against 0.01 in 2023; short-term debt: 19.2% and cash: 0.1% of total assets), and 29.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
70.8%
Return on assets
22%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €1.6m
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-12-2025, 130 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
130 d late
2023
138 d late
2022
25 d early
2021
3 d early
2020
19 d early
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€1.6m▲ 45.1%
2023 · €1.1m
Total assets
€2.3m▲ 31.9%
2023 · €1.8m
Net result
€509,883▲ 726%
2023 · €61,750
Working capital
-€320,815▲ 17.2%
2023 · -€387,570
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€20,775€14,995▼ 27.8%€37,051▲ 147%€64,538▲ 74.2%€510,532▲ 691%
Net result€1,871within the sector's middle half-€2,939below the sector's middle half€32,319within the sector's middle half€61,750within the sector's middle half▲ 91.1%€509,883above the sector's middle half▲ 726%
Equity€1.0mwithin the sector's middle half▲ 0.2%€1.0mwithin the sector's middle half▼ 0.3%€1.1mwithin the sector's middle half▲ 3.1%€1.1mwithin the sector's middle half▲ 5.8%€1.6mabove the sector's middle half▲ 45.1%
Total assets€1.8mwithin the sector's middle half▼ 1.3%€1.8mwithin the sector's middle half▼ 1.4%€1.8mwithin the sector's middle half▲ 1.2%€1.8mwithin the sector's middle half▼ 3.5%€2.3mwithin the sector's middle half▲ 31.9%
Debt€786,198▼ 3.2%€763,203▼ 2.9%€752,426▼ 1.4%€626,497▼ 16.7%€677,936▲ 8.2%
Working capital-€515,202below the sector's middle half▲ 4.1%-€512,892below the sector's middle half▲ 0.4%-€463,364below the sector's middle half▲ 9.7%-€387,570below the sector's middle half▲ 16.4%-€320,815below the sector's middle half▲ 17.2%
Solvency56.9%within the sector's middle half▲ 0.8pp57.6%within the sector's middle half▲ 0.7pp58.7%within the sector's middle half▲ 1.1pp64.3%within the sector's middle half▲ 5.7pp70.8%within the sector's middle half▲ 6.4pp
Current ratio0.06below the sector's middle half▼ 0.010.03below the sector's middle half▼ 0.030.11below the sector's middle half▲ 0.080.01below the sector's middle half▼ 0.090.28below the sector's middle half▲ 0.26
Return on assets (ROA)0.1%below the sector's middle half▲ 2.8pp-0.2%below the sector's middle half▼ 0.3pp1.8%within the sector's middle half▲ 1.9pp3.5%within the sector's middle half▲ 1.7pp22.0%above the sector's middle half▲ 18.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 691% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.3m
Fixed assets
€2.2m ▲ 25.3%
Current assets
€123,876 ▲ 2,080%
Equity and liabilities €2.3m
Equity
€1.6m ▲ 45.1%
Debt
€677,936 ▲ 8.2%
Debt's share of the balance-sheet total falls from 35.7% to 29.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€526,405▲
2023 · €81,826
Cash flow
€525,756▲
2023 · €79,038
Debt to equity
0.41▼
2023 · 0.55
ROE
31.1%▲
2023 · 5.5%
Interest coverage
1147.48▲
2023 · 32.09
Debt ≤ 1 year
€444,691▲
2023 · €393,252
Debt > 1 year
€233,246=
2023 · €233,246
Income taxes
€192▼
2023 · €238
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10,860 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,524 | €17,013 | €17,209 | €17,288 | €15,873 | ▼ 8.2% |
| Other operating charges640/8 | - | €3,968 | €3,931 | €3,275 | €3,497 | ▲ 6.8% |
| Gross operating margin9900 | €40,232 | €35,975 | €58,192 | €85,101 | €529,903 | ▲ 523% |
| Operating profit (loss)9901 | €20,775 | €14,995 | €37,051 | €64,538 | €510,532 | ▲ 691% |
| Financial income75/76B | - | €0 | €2 | - | €1 | - |
| Recurring financial income75 | €5 | €0 | €2 | - | €1 | - |
| Financial charges65/66B | - | €17,790 | €4,557 | €2,550 | €459 | ▼ 82.0% |
| Recurring financial charges65 | €18,775 | €17,790 | €4,557 | €2,550 | €459 | ▼ 82.0% |
| Profit (loss) for the period before taxes9903 | €2,005 | -€2,795 | €32,496 | €61,988 | €510,075 | ▲ 723% |
| Income taxes67/77 | €134 | €144 | €178 | €238 | €192 | ▼ 19.4% |
| Profit (loss) for the period9904 | €1,871 | -€2,939 | €32,319 | €61,750 | €509,883 | ▲ 726% |
| Profit (loss) for the period to be appropriated9905 | €1,871 | -€2,939 | €32,319 | €61,750 | €509,883 | ▲ 726% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.8m | €1.8m | €1.8m | €2.3m | ▲ 31.9% |
| Fixed assets21/28 | €1.8m | €1.8m | €1.8m | €1.8m | €2.2m | ▲ 25.3% |
| Tangible fixed assets22/27 | €379,936 | €372,387 | €355,178 | €341,134 | €329,261 | ▼ 3.5% |
| Land and buildings22 | - | €363,358 | €348,693 | €334,027 | €319,361 | ▼ 4.4% |
| Plant, machinery and equipment23 | - | - | - | €2,798 | €2,149 | ▼ 23.2% |
| Furniture and vehicles24 | - | €5,029 | €2,485 | €309 | €3,751 | ▲ 1,114% |
| Other tangible fixed assets26 | - | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Financial fixed assets28 | €1.4m | €1.4m | €1.4m | €1.4m | €1.9m | ▲ 32.3% |
| Current assets29/58 | €35,451 | €17,066 | €55,816 | €5,681 | €123,876 | ▲ 2,080% |
| Amounts receivable within one year40/41 | €27,532 | €9,763 | €53,933 | €2,118 | €120,250 | ▲ 5,579% |
| Trade receivables40 | - | €9,763 | €53,933 | €2,118 | €120,000 | ▲ 5,567% |
| Other amounts receivable41 | - | - | - | - | €250 | - |
| Cash at bank and in hand54/58 | €6,981 | €6,346 | €854 | €2,365 | €2,642 | ▲ 11.7% |
| Deferred charges and accrued income490/1 | - | €957 | €1,029 | €1,199 | €984 | ▼ 18.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €1.8m | €1.8m | €2.3m | ▲ 31.9% |
| Equity10/15 | €1.0m | €1.0m | €1.1m | €1.1m | €1.6m | ▲ 45.1% |
| Contributions10/11 | €2.9m | €2.9m | €2.9m | €2.9m | €2.9m | = |
| Capital10 | - | €2.9m | €2.9m | - | - | - |
| Issued capital100 | - | €2.9m | €2.9m | - | - | - |
| Profit (loss) carried forward14 | -€1.8m | -€1.8m | -€1.8m | -€1.7m | -€1.2m | ▲ 29.2% |
| Amounts payable17/49 | €786,198 | €763,203 | €752,426 | €626,497 | €677,936 | ▲ 8.2% |
| Amounts payable after more than one year17 | €233,246 | €233,246 | €233,246 | €233,246 | €233,246 | = |
| Other amounts payable178/9 | - | €233,246 | €233,246 | €233,246 | €233,246 | = |
| Amounts payable within one year42/48 | €550,653 | €529,958 | €519,180 | €393,252 | €444,691 | ▲ 13.1% |
| Trade debts44 | €38,638 | €2,211 | €5,499 | €6,125 | €5,998 | ▼ 2.1% |
| Suppliers440/4 | - | €2,211 | €5,499 | €6,125 | €5,998 | ▼ 2.1% |
| Taxes, remuneration and social security45 | - | €6,222 | €5,570 | €3,204 | €5,080 | ▲ 58.6% |
| Taxes450/3 | - | €6,222 | €4,270 | €1,904 | €830 | ▼ 56.4% |
| Remuneration and social security454/9 | - | - | €1,300 | €1,300 | €4,250 | ▲ 227% |
| Other amounts payable47/48 | - | €521,525 | €508,111 | €383,923 | €433,612 | ▲ 12.9% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,871 | -€2,939 | €32,319 | €61,750 | €509,883 | ▲ 726% |
| + Depreciation and write-downs630 | €15,524 | €17,013 | €17,209 | €17,288 | €15,873 | ▼ 8.2% |
| Operating cash flow (approximation) | €17,396 | €14,074 | €49,528 | €79,038 | €525,756 | ▲ 565% |
| Investment in fixed assets (approximation) | - | -€9,464 | €0 | -€3,245 | -€459,000 | ▼ 14,046% |
| Change in cash | - | -€635 | -€5,492 | €1,511 | €277 | ▼ 81.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
08-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 130 days late
2024
31-12
Financial
Highest result since 2018net €509,883 ▲726%
Operating result €510,532, net result €509,883, both a record.
16-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 138 days late
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €32,319
Net result €32,319 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €1,871
Net result €1,871 after 2 loss-making years.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
13-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
26-07
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.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Kortrijk · 1 establishment unit since 1996
Ground area
6,977 m²
Building footprint
330 m²
Volume, LiDAR
4,218 m³
Parcel 34016C0617/00W000, Flanders · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
KASTEEL TER LINDEN
since 19962.079.133.731
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0617/00W000 | Flanders | 6,977 m² | 1 · 330 m² | 16.7 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
99.95%
According to the 2024 annual accounts of PANIMA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,519. 1,704 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-02-1996
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457238895
Also
9925:BE0457238895
Registered
04-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.