PANINI
ActiveSummary
The computed 12-month bankruptcy probability of PANINI is 1.8% (moderate). For PANINI, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €55,593 and a net result of €9,179. Equity is growing by ~15.2% per year across the filed fiscal years. The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability80▲+27
Solvency78▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2022Solvency, return and age of the figures
Solvency
53.1%
Return on assets
8.8%
Age of the figures
45 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 03-11-2023, 95 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
not filed
2023
not filed
2022
95 d late
2021
243 d late
2020
222 d late
2019
585 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 286 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Equity
€55,593▲ 14.8%
2021 · €48,413
Total assets
€104,654▲ 7.0%
2021 · €97,834
Net result
€9,179▲ 54.7%
2021 · €5,935
Working capital
€64,619▲ 0.5%
2021 · €64,308
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€29,528-€11,051▼ 62.6%€7,047▼ 36.2%€14,925▲ 112%€16,942▲ 13.5%
Net result€22,587-€9,794▼ 56.6%€10,024▲ 2.3%€5,935▼ 40.8%€9,179▲ 54.7%
Equity€31,661-€32,455▲ 2.5%€42,478▲ 30.9%€48,413▲ 14.0%€55,593▲ 14.8%
Total assets€76,225-€92,734▲ 21.7%€88,432▼ 4.6%€97,834▲ 10.6%€104,654▲ 7.0%
Debt€44,564-€60,280▲ 35.3%€45,954▼ 23.8%€49,420▲ 7.5%€49,061▼ 0.7%
Working capital€32,815-€51,991▲ 58.4%€60,557▲ 16.5%€64,308▲ 6.2%€64,619▲ 0.5%
Staff (FTE)0.6-0.4▼ 33.3%0.5▲ 25.0%0.3▼ 40.0%1▲ 233%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 14% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €104,654
Fixed assets
€1,075
Current assets
€103,579
Equity and liabilities €104,654
Equity
€55,593 ▲ 14.8%
Debt
€49,061 ▼ 0.7%
Debt's share of the balance-sheet total falls from 50.5% to 46.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,044
Cash flow
€9,281
Current ratio
2.66▼
2021 · 2.92
Quick ratio
2.65▼
2021 · 2.90
Debt to equity
0.88▼
2021 · 1.02
ROE
16.5%▲
2021 · 12.3%
ROA
8.8%▲
2021 · 6.1%
Interest coverage
7.86
Debt ≤ 1 year
€38,960▲
2021 · €33,526
Debt > 1 year
€6,413▼
2021 · €10,563
Income taxes
€5,743▼
2021 · €6,051
Staff costs
€15,718▲
2021 · €3,001
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €3,001 | €15,718 | ▲ 424% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,096 | €209 | €137 | - | €102 | - |
| Other operating charges640/8 | - | - | - | €2,936 | €1,446 | ▼ 50.8% |
| Gross operating margin9900 | €53,118 | €30,550 | €23,216 | €20,862 | €34,208 | ▲ 64.0% |
| Operating profit (loss)9901 | €29,528 | €11,051 | €7,047 | €14,925 | €16,942 | ▲ 13.5% |
| Financial income75/76B | - | - | - | €0 | €149 | ▲ 30,919% |
| Recurring financial income75 | €7 | €5,425 | €8,899 | €0 | €149 | ▲ 30,919% |
| Financial charges65/66B | - | - | - | €2,940 | €2,168 | ▼ 26.2% |
| Recurring financial charges65 | €2,944 | €2,302 | €2,933 | €2,940 | €2,168 | ▼ 26.2% |
| Profit (loss) for the period before taxes9903 | €26,592 | €12,778 | €13,012 | €11,986 | €14,922 | ▲ 24.5% |
| Income taxes67/77 | €4,004 | €2,984 | €2,988 | €6,051 | €5,743 | ▼ 5.1% |
| Profit (loss) for the period9904 | €22,587 | €9,794 | €10,024 | €5,935 | €9,179 | ▲ 54.7% |
| Profit (loss) for the period to be appropriated9905 | €22,587 | €9,794 | €10,024 | €5,935 | €9,179 | ▲ 54.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76,225 | €92,734 | €88,432 | €97,834 | €104,654 | ▲ 7.0% |
| Fixed assets21/28 | €346 | €137 | - | - | €1,075 | - |
| Tangible fixed assets22/27 | €346 | €137 | - | - | €1,075 | - |
| Other tangible fixed assets26 | - | - | - | - | €1,075 | - |
| Current assets29/58 | €75,879 | €92,597 | €88,432 | €97,834 | €103,579 | ▲ 5.9% |
| Stocks and contracts in progress3 | €750 | €750 | €500 | €650 | €500 | ▼ 23.1% |
| Stocks30/36 | - | - | - | €650 | €500 | ▼ 23.1% |
| Amounts receivable within one year40/41 | €57,355 | €86,032 | €85,560 | €85,524 | €96,918 | ▲ 13.3% |
| Trade receivables40 | - | - | - | - | €459 | - |
| Other amounts receivable41 | - | - | - | €85,524 | €96,460 | ▲ 12.8% |
| Cash at bank and in hand54/58 | €17,683 | €5,815 | €2,373 | €11,659 | €5,384 | ▼ 53.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €777 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76,225 | €92,734 | €88,432 | €97,834 | €104,654 | ▲ 7.0% |
| Equity10/15 | €31,661 | €32,455 | €42,478 | €48,413 | €55,593 | ▲ 14.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €5,474 | €5,474 | €15,497 | €21,432 | €28,611 | ▲ 33.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €19,572 | €26,751 | ▲ 36.7% |
| Profit (loss) carried forward14 | €7,587 | €8,381 | €8,381 | €8,381 | €8,381 | = |
| Amounts payable17/49 | €44,564 | €60,280 | €45,954 | €49,420 | €49,061 | ▼ 0.7% |
| Amounts payable after more than one year17 | - | €16,255 | €14,425 | €10,563 | €6,413 | ▼ 39.3% |
| Financial debts170/4 | - | - | - | €10,563 | €6,413 | ▼ 39.3% |
| Amounts payable within one year42/48 | €43,064 | €40,606 | €27,875 | €33,526 | €38,960 | ▲ 16.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,862 | €4,150 | ▲ 7.4% |
| Financial debts43 | - | - | - | €2,472 | €2,500 | ▲ 1.1% |
| Credit institutions430/8 | - | - | - | €2,472 | €2,500 | ▲ 1.1% |
| Trade debts44 | €12,889 | €14,603 | €9,874 | €10,195 | €10,480 | ▲ 2.8% |
| Suppliers440/4 | - | - | - | €10,195 | €10,480 | ▲ 2.8% |
| Taxes, remuneration and social security45 | - | - | - | €16,997 | €19,830 | ▲ 16.7% |
| Taxes450/3 | - | - | - | €15,994 | €14,245 | ▼ 10.9% |
| Remuneration and social security454/9 | - | - | - | €1,003 | €5,586 | ▲ 457% |
| Other amounts payable47/48 | - | - | - | - | €2,000 | - |
| Accrued charges and deferred income492/3 | - | - | - | €5,331 | €3,688 | ▼ 30.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,587 | €9,794 | €10,024 | €5,935 | €9,179 | ▲ 54.7% |
| + Depreciation and write-downs630 | €1,096 | €209 | €137 | - | €102 | - |
| Operating cash flow (approximation) | €23,683 | €10,002 | €10,161 | €5,935 | €9,281 | ▲ 56.4% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€11,868 | -€3,443 | €9,287 | -€6,275 | ▼ 168% |
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
2023
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 95 days late
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 243 days late
2022
10-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 222 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 585 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 950 days late
2021
31-12
Financial
Weakest financial yearnet €5,935 ▼40.8%
Net result drops to €5,935, the lowest in the series; recovery starts the following year.
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 46 days late
2016
29-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 151 days late
2015
18-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 49 days late
2014
07-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Schilde
Ground area
287 m²
Building footprint
79 m²
Volume, LiDAR
548 m³
Parcel 11041B0303/00S000, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041B0303/00S000 | Flanders | 287 m² | 1 · 79 m² | 10.6 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-05-2006
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.