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PANIS

Active
Public limited companyfounded 198639 yrs activeHoveniersstraat 40, 2018 Antwerpen, BelgiumKBO/BCE: BE 0429.618.740
Summary

PANIS has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68,200 and a net result of €2.8m. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 8% of 4027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
PANISActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Certified accountants and tax accountants
NACE 69201Legal and accounting activities NACE 69202NACE 74121
1 site
Size
€3.2mtotal assets 2025
Staff
30 FTE
Equity
€68,200
Profit
€2.8m
Turnover not published (abridged schema)
Financial health
91 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Largest shareholder
D.C.B. · 34.4%
Accounts 128 d early0 of 7 deeds read
Why 91- Equity €68,200 (2.1% of total assets)+ Sector Legal and accounting activities (NACE 69)+ Figures for FY 2025 (filed 28-03-2026)+ Liquidity: current ratio 0.99, cash €551,753Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Better than 30% of its sector peers (NACE 69, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 27=
equity 2.1% of total assets
Liquidity 22-6
short-term debt 97.9% · cash 17.3%
Profitability 100=
return on assets 86.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (1,474 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▲ +1.8% vs 01-2025 03-2025: 0.1%▲ +35.1% vs 02-2025 04-2025: 0.1%▲ +5.2% vs 03-2025highest value 05-2025: 0.1%● 0.0% vs 04-2025highest value 06-2025: < 0.1%▼ -40.7% vs 05-2025lowest value 07-2025: < 0.1%● 0.0% vs 06-2025lowest value 08-2025: < 0.1%● 0.0% vs 07-2025lowest value 09-2025: < 0.1%● 0.0% vs 08-2025lowest value 10-2025: < 0.1%● 0.0% vs 09-2025lowest value 11-2025: < 0.1%● 0.0% vs 10-2025lowest value 12-2025: < 0.1%● 0.0% vs 11-2025lowest value 01-2026: < 0.1%● 0.0% vs 12-2025lowest value 02-2026: < 0.1%▲ +2.1% vs 01-2026 03-2026: 0.1%▲ +28.6% vs 02-2026 04-2026: 0.1%▲ +25.4% vs 03-2026 05-2026: 0.1%● 0.0% vs 04-2026 06-2026: 0.1%● 0.0% vs 05-2026 07-2026: 0.1%● 0.0% vs 06-2026 08-2026: 0.1%● 0.0% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Sector Legal and accounting activities (NACE 69) lowers the probability
  • Equity €68,200 (2.1% of total assets) raises the probability
  • Figures for FY 2025 (filed 28-03-2026) lowers the probability
  • Liquidity: current ratio 0.99, cash €551,753 lowers the probability
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.98 in 2024; short-term debt: 97.9% and cash: 17.3% of total assets), and 97.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 69, small). Better than this share of them on solvency 7%, liquidity 6%, profitability 94%, growth against the median 12%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Sector Legal and accounting activities (NACE 69)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Equity €68,200 (2.1% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 28-03-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.99, cash €551,753
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 4027 sector peers (2025).
NBB · sector comparison
Position among 4027 sector peers
Solvency
better than 8%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-03-2026, 128 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
128 d early
2024
76 d early
2023
7 d early
2022
54 d early
2021
38 d early
2020
24 d early
2019
21 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 50 days before 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 (2)
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. Usually files around 7 June (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. General meeting · DeclarationCapital increase · Capital
  2. General meeting · Board ruleRepresentation rule · Other statement
  3. General meeting · Other statementAuditor report · Merger

Key points

  • Caution: Among the weakest 8% on solvencysector median 44.4% · 4,027 companies 2.1% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €2.8m 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€3.2m
Profit
€2.8m
Solvency
2.1%
Turnover▲ 0.6%
Net result
20192020
Go to Financials

Timeline

Events
41
Since
2017
Next accounts
by 31-07-2027
  1. 02-10-2026General meeting · Declaration
  2. 11-09-2026General meeting · Board rule
  3. 12-08-2026General meeting · Other statement
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Certified accountants and tax accountantsNACE 69201
Founded
20-10-1986
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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