Skip to content

PANIWO

Active
Private limited companyfounded 20188 yrs activeTempelsstraat 5, 3583 Beringen, BelgiumKBO/BCE: BE 0695.462.086
Summary

PANIWO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,110 and a net result of €1,180. Equity is shrinking by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 2401 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysisWatch ReportCompare
PANIWOActiveChecked score 66/100
Risk analysis ReportCompare

Overview

Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
1 site
Size
€40,172total assets 2025
Equity
€6,110
Profit
€1,180
Financial health
66 Healthy Checked score 2025
Bankruptcy chance 12 m
1.0%
Structure
Accounts filed 4 d late0 of 3 deeds read
Why 66- Latest accounts 4 days late; 1 of the last 3 late- Equity €6,110 (15.2% of total assets)- Sector Specialised construction activities (NACE 43)+ Liquidity: current ratio 1.11, cash €10,945Show the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 39% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 40+4
equity 15.2% of total assets
Liquidity 37+9
short-term debt 84.8% · cash 27.2%
Profitability 72+16
return on assets 2.9%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,515 companies)
Last 24 months 11-2024: 1.8% 12-2024: 1.8%● 0.0% vs 11-2024 01-2025: 1.8%● 0.0% vs 12-2024 02-2025: 1.8%● 0.0% vs 01-2025 03-2025: 1.8%▲ +1.8% vs 02-2025 04-2025: 2.0%▲ +7.5% vs 03-2025 05-2025: 2.1%▲ +7.1% vs 04-2025 06-2025: 2.1%▼ -2.9% vs 05-2025 07-2025: 2.2%▲ +8.7% vs 06-2025 08-2025: 2.0%▼ -10.6% vs 07-2025 09-2025: 2.3%▲ +16.6% vs 08-2025 10-2025: 3.8%▲ +63.0% vs 09-2025highest value 11-2025: 2.1%▼ -43.6% vs 10-2025 12-2025: 2.1%▼ -2.9% vs 11-2025 01-2026: 2.0%▼ -2.1% vs 12-2025 02-2026: 2.0%● 0.0% vs 01-2026 03-2026: 2.1%▲ +1.2% vs 02-2026 04-2026: 2.1%▲ +2.1% vs 03-2026 05-2026: 2.1%▼ -2.3% vs 04-2026 06-2026: 1.9%▼ -8.2% vs 05-2026 07-2026: 1.9%▲ +1.7% vs 06-2026 08-2026: 2.8%▲ +43.4% vs 07-2026 09-2026: 1.0%▼ -62.2% vs 08-2026lowest value 10-2026: 1.0%● 0.0% vs 09-2026lowest value
  • Latest accounts 4 days late; 1 of the last 3 late raises the probability
  • Liquidity: current ratio 1.11, cash €10,945 lowers the probability
  • Equity €6,110 (15.2% of total assets) raises the probability
  • Sector Specialised construction activities (NACE 43) raises the probability
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 43, micro). Better than this share of them on solvency 18%, liquidity 26%, profitability 43%, growth against the median 71%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. 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.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Latest accounts 4 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Liquidity: current ratio 1.11, cash €10,945
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Equity €6,110 (15.2% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2401 sector peers (2025).
NBB · sector comparison
Position among 2401 sector peers
Solvency
better than 16%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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 · 7 filings
Deviation from the deadline
2025
4 d late
2024
67 d late
2023
21 d late
2022
19 d late
2021
25 d late
2020
26 d late
2019
26 d late
← 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 27 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 22 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 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. Annual accounts filedfiscal year 2025 · full…
  2. Back to profitnet €1,180
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Caution: Among the weakest 9% on equitysector median €459,014 · 2,401 companies €6,110 View
  • Total assets 20256 fiscal years filed €40,172 View
  • Active since 2018founded 25-04-2018 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€40,172
Profit
€1,180
Solvency
15.2%
Total assets▼ 13.3%
Net result
20192025
Go to Financials

Timeline

Events
10
Since
2020
Next accounts
by 31-07-2027
  1. 04-08-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 06-10-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Installation of electric heating, air conditioning, cooling and…NACE 43222
Founded
25-04-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure