Investments
€26,200 5.6 × depreciation
Green is investment, beige is depreciation.
PANJ-AAB CONSTRUCT
Overview
Lifetime
3 annual accounts with figures on one time axispeak €20,735 (2025)
€20,735▲ 51.8%
lowest -€7 (2023)
€7,195▲ 616%
peak €18,193 (2025)
€18,193▲ 65.4%
€29,714▼ 36.3%
Board2 names since 2023
1 director
Documentsfilings and deeds
02-07-202629 days before the deadline
2025micro format
Turnover from €388,708 to €452,169Gross margin from €13,657 to €20,735Result from €1,005 to €7,195Equity from €10,998 to €18,193Debts from €46,676 to €29,714Investments €26,200
Key points
from the 2025 annual accountsPayment terms
6 days to suppliers
PANJ-AAB CONSTRUCT pays its suppliers 22 days earlier than in 2024. Customers pay 14 days earlier.
Filings
3 annual accounts 1 late
The 2023 accounts came 30 days late. The other two were filed on time.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 39,274 companies had the same profile as PANJ-AAB CONSTRUCT has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,274 companies, not a prediction for PANJ-AAB CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0797742153
New establishment in Sint-Gillis (bij-Brussel)
de Mérodestraat 184
Registered office moved from Dilbeek to Sint-Pieters-Leeuw
New registered office: Sint Stevensstraat 11, 1600 Sint Pieters Leeuw · Previous registered office: Oudesmidsestraat 20, 1700 Dilbeek · General meeting of 13-06-2024 · Gazette deed
Address struck
effective 28-11-2023 · KBO administration
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PANJ-AAB CONSTRUCT Sint-Pieters-Leeuw | €452,169 | 2.5% | 38.0% | - |
| SARAO Aalst | €399,349 | 1.0% | 72.1% | - |
| OKII Liège | - | - | 74.3% | - |
| NOËL Olivier Thuin | - | - | -29.5% | - |
| SAMEER GROUP Ghent | €228,999 | 7.0% | 47.3% | - |
| White Rose Ghent | €417,460 | 4.9% | 73.4% | - |
| AYMAN ADNAN Anderlecht | - | - | 84.0% | - |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as PANJ-AAB CONSTRUCT: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €41,600 and €53,200, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 29-01-2023Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110and 1 other
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment units
- 2.341.012.9451600 Sint-Pieters-Leeuw, since 01-02-2023
- 2.362.017.7021060 Sint-Gillis (bij-Brussel), since 01-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 02-05-2025
Annual accounts 2025
- €452,169▲ 16.3%
- €7,195▲ 616%
- €18,193▲ 65.4%
- €47,907▼ 16.9%
- 0.1 FTE
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on PANJ-AAB CONSTRUCT
PANJ-AAB CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from -€2 in 2023 to €20,735 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 02-07-2026, 29 days before the deadline€452,169
▲ 16.3%
€11,254
▲ 225%
€15,957
▲ 337%
€11,899
▲ 898%
38.0%
▲ 18.9 percentage points
0.85
▼ 0.36
Money flows
of every €100 of turnover, €1.59 remains as profit in 2025Balance sheet
balance sheet total €47,907 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
38.0%
Higher than 54% of 25,237 companies in 2025.
0.85
Higher than 25% of 24,245 companies in 2025.
15.0%
Higher than 79% of 24,434 companies in 2025.
PANJ-AAB CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in retail trade (NACE 47)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Staff
€20,487
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
47,907 | 57,674 | 493 | |
21/28 |
22,654 | 1,157 | - | |
22/27 |
22,654 | 1,157 | - | |
23 |
21,945 | - | - | |
24 |
709 | 1,157 | - | |
29/58 |
25,254 | 56,517 | 493 | |
3 |
7,752 | 32,692 | - | |
30/36 |
7,752 | 32,692 | - | |
40/41 |
8,382 | 19,890 | - | |
40 |
62 | 14,726 | - | |
41 |
8,321 | 5,164 | - | |
54/58 |
9,119 | 3,935 | 493 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
47,907 | 57,674 | 493 | |
10/15 |
18,193 | 10,998 | 493 | |
10/11 |
10,000 | 10,000 | 500 | |
14 |
8,193 | 998 | -7 | |
17/49 |
29,714 | 46,676 | - | |
42/48 |
29,714 | 46,676 | - | |
44 |
7,140 | 29,016 | - | |
440/4 |
7,140 | 29,016 | - | |
45 |
16,573 | 17,660 | - | |
450/3 |
1,140 | 5,537 | - | |
454/9 |
15,433 | 12,123 | - | |
47/48 |
6,001 | - | - | |
| Income statement | ||||
70 |
452,169 | 388,708 | - | |
76A |
8,160 | 750 | - | |
9900 |
20,735 | 13,657 | -2 | |
60/61 |
441,730 | 378,654 | 2 | |
62 |
2,049 | - | - | |
630 |
4,704 | 188 | - | |
640/8 |
2,729 | 10,003 | - | |
9901 |
11,254 | 3,466 | -2 | |
65/66B |
2,919 | 766 | 5 | |
65 |
2,919 | 766 | 5 | |
9903 |
8,334 | 2,700 | -7 | |
67/77 |
1,139 | 1,695 | - | |
9904 |
7,195 | 1,005 | -7 | |
9905 |
7,195 | 1,005 | -7 | |
| Appropriation of the result | ||||
9906 |
8,193 | 998 | -7 | |
14P |
998 | -7 | - | |
| Social balance sheet | ||||
9087 |
0.1 | - | - | |
Hours worked1013 |
168 | - | - | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 15,957 | 3,654 | - | ||
| 11,899 | 1,193 | - | ||
| 26,200 | 1,345 | - | ||
| 5,184 | 3,442 | - | ||
| -4,461 | 9,841 | - | ||
| 2.5% | 0.9% | - | ||
| 38.0% | 19.1% | - | ||
| 0.85 | 1.21 | - | ||
| 0.59 | 0.51 | - | ||
| 1.63 | 4.24 | - | ||
| 39.5% | 9.1% | - | ||
| 15.0% | 1.7% | - | ||
| 5.47 | 4.77 | - | ||
| 0 days | 14 days | - | ||
| 6 days | 28 days | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 |
|---|---|
| 0.1 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €26,200 | €1,345 | - |
| €4,704 | €188 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on PANJ-AAB CONSTRUCT
The operating result for 2025 is over 3.2 times that of 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 80.9% to 62.0%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, no change since October 2023Director (not named in the articles)
appointed by deed of 04-10-2023
listed in the 2025 annual accounts, filed on 02-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “De niet-statutaire bestuurders kunnen ad nutum door de algemene vergadering ontslagen worden, zonder dat hun ontslag recht geeft op enige…”deed of 04-10-2023
Mandates through the years
2 names, the dashed line is todayDirector (not named in the articles)
Director
BoardEarlier
Mandates as a list
-
- Director (not named in the articles), appointed by deed of 04-10-2023, still in office
-
- Director, appointed by deed of 01-02-2023, until 04-10-2023
Control
Founder
This company
PANJ-AAB CONSTRUCT
Equity €18,193
Profit €7,195 in 2025
Capital
- Contribution
- €10,000
- Shares
- 100
- Contribution per share
- €100
- Equity per share
- €182 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 04-10-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 100 shares
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Na aftrek rechten waarvan overdracht wordt voorgesteld, erfgenamen en legatarissen niet van rechtswege aandeelhouder vragen toestemming…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of May at 18:00
Shareholders
At incorporation
deed of 01-02-2023 ↗
- 100 shares (100%)
Capital transactions
Capital over time
- 04-10-2023 Converted to unavailable equity
- 01-02-2023 Incorporation · €10,000 · 100 shares
Network & group
No group
PANJ-AAB CONSTRUCT has no parent and no holdings in its annual accounts. is the only director. PANJ-AAB CONSTRUCT shares no director with another company.
At the same address
Sint-Stevensstraat 11, 1600 Sint-Pieters-Leeuw · 1 other company| Van Laere, Ruben (sole trader)
establishment since 29-07-2015 |
founded in 2015 0634.816.795 |
Timeline
Timeline
12 events since 2023Board
Filings
Financial
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 29 days before the deadline
2025
Highest result from 2023 to 2025 net €7,195 ▲616% The operating result of €11,254 and the net result of €7,195 are both a record.
Annual accounts 2024 filed PDFmicro format · 44 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0797742153
2024
Back to profit net €1,005 The net result is €1,005, after one loss-making year.
Annual accounts 2023 filed PDFmicro format · 30 days late
New establishment in Sint-Gillis (bij-Brussel) de Mérodestraat 184
Registered office moved from Dilbeek to Sint-Pieters-LeeuwNew registered office: Sint Stevensstraat 11, 1600 Sint Pieters Leeuw · Previous registered office: Oudesmidsestraat 20, 1700 Dilbeek · General meeting of 13-06-20242 points ▸
- General meeting, 13-06-2024
- Registered-office move, Sint Stevensstraat 11, 1600 Sint Pieters Leeuw
Address struck effective 28-11-2023
2023
New director appointed, resigned · Director discharge: (manager) · General meeting of 27-09-20235 points ▸
- 100 shares
- General meeting, 27-09-2023
- Director resignation,
- Director appointment, (director (not named in the articles))
- Director discharge, (manager)
- The deed holds 2 more points.
First establishment Sint-Stevensstraat 11, Sint-Pieters-Leeuw
IncorporationFounding capital of €10,000, 100 shares · Founder: (comparant) · Appointment: (director) · published on 01-02-20235 points ▸
- Founder, (comparant)
- Founding capital, €10,000, 100 shares
- 100 shares
- Board rule, 1
- Director appointment,
- The deed holds 5 more points.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0797.742.153
- VAT number
- BE 0797.742.153
- Peppol ID
- 0208:0797742153
- Other Peppol ID
- 9925:BE0797742153
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 29-01-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of May at 18:00deed of 04-10-2023 (in Dutch)
- Peppol
- Reachable since 02-05-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- PANJ-AAB CONSTRUCT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 04-10-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 04-10-2023 (in Dutch)
Activities
NACEBEL 2025VAT activities
47110
Non-specialised retail sale with food, beverages or tobacco predominating main activity
Social security (RSZ) activities
47110
Non-specialised retail sale with food, beverages or tobacco predominating main activity
Joint committees annual accounts 2025
JC 201
Independent retail
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “1.Alle gereglementeerde of niet gereglementeerde werken die betrekking hebben tot de bouwsector; 2.Alle activiteiten die verband houden met…”deed of 04-10-2023 (in Dutch)
30 activities
- 1.Alle gereglementeerde of niet gereglementeerde werken die betrekking hebben tot de bouwsector;
- 2.Alle activiteiten die verband houden met de horeca- en drankensector,zoals in het bijzonder de uitbating van hotels,restaurants,tavernes,cafés,drogisterijen,snackbars,nachtclubs,cafetaria's en andere gelijkaardige etablissementen,alsook de bereiding van bereide gerechten voor consumptie ter plaatse,om mee te nemen of thuis te laten leveren,waaronder in het bijzonder cateringactiviteiten.
- 3.De algemene uitbating van supermarkten,kruidenierswinkels,"night-shops" en de handel in het algemeen in al zijn vormen,alsook de ambulante handel,zowel groot- als kleinhandel,met inbegrip van de aankoop,verkoop,invoer,uitvoer,vervaardiging,onderhoud,reparatie,verhuur,vertegenwoordiging,levering en vervoer van alle producten die in de handel kunnen worden gebracht en in het bijzonder,zonder dat deze opsomming limitatief is
- 1.Alle producten voor de verpakking van goederen op papier
- 2.Alle textiel,leder en kunststoffen,alle soorten kleding,nieuw en tweedehands,schoeisel en sportartikelen;
- 3.Alle voedingsproducten in het algemeen,evenals alcoholische en niet-alcoholische dranken;
- 4.Alle huishoudelijke apparatuur,schoonmaak- en drogisterijproducten,verwarmingsproducten en alle brandstoffen.
- 5.Bloemen,divers speelgoed;
- 6.Alle audiovisuele,computer-,kantoorautomatiserings-,telefoon- en huishoudtoestelproducten,inclusief videocassettes,cd-roms,dvd's en andere media op alle dragers;
- 7.Alle boeken,schrijfwaren,kantoorbenodigdheden en meubilair;
- 8.Alle rook- en tabaksartikelen
- 9.Alle nieuwe of tweedehands motorvoertuigen,inclusief alle reserveonderdelen,accessoires en producten met betrekking tot de automobielsector.
- 4.De uitbating van een benzinestation,groot- of kleinhandel in alle aardolieproducten,CarWash,carrosseriebedrijven,mechanische werkplaatsen en garages;alle diensten die nodig zijn voor de goedkeuring van een motorvoertuig door een instantie die verantwoordelijk is voor de technische keuring,evenals alle diensten die nodig zijn voor de doorvoer van voertuigen;
- 5.Alle activiteiten met betrekking tot reproductie op alle media,in het bijzonder de exploitatie van een copyshop.
- 6.Alle gokactiviteiten in het algemeen,lunaparken,lotto en PMU.
- 7.Alle werkzaamheden en dienstverrichtingen op het gebied van telecommunicatie,informatieverwerking en -transmissie,waaronder met name de vervaardiging,de verspreiding en het beheer van software en omroepsystemen op alle soorten dragers,al dan niet geautomatiseerd,alsmede de exploitatie en het beheer van telefooncellen en cybercafés.
- 8.Alle activiteiten met betrekking tot algemene bouwwerken,waaronder in het bijzonder de bouw van onroerende goederen,de afwerking en inrichting van alle onroerende goederen,en onder meer de volgende werken:
- 1.Alle bouw-,onderhouds-,inrichtings-,herstel- en verbouwingswerkzaamheden aan alle onroerende goederen;
- 2.Alle gevelreparatie- en reinigingswerkzaamheden
- 3.Alle akoestische en thermische isolatiewerkzaamheden
- 4.Alle werkzaamheden met betrekking tot de installatie van verplaatsbare wanden en panelen
- 5.Alle tegelwerk,plafondwerk,het plaatsen van scheidingswanden en/of valse plafonds;cementwerk,het leggen van dekvloeren,marmer en alle soorten natuursteen,
- 6.Alle verwarmingswerkzaamheden;centrale-verwarmingsinstallaties en alle andere soorten ketelhuis-,airconditioning-,ventilatie-,gas- en elektrotechnische werkzaamheden
- 7.Alle elektrische werkzaamheden en installaties,inclusief het ontwerp,de verkoop en de installatie van alle automatiseringssystemen;
- 8.Alle loodgieterswerk,zinkwerk en sanitair,dakbedekking,waterdicht maken,schrijn- en glaswerk
- 9.Alle grondwerken,het plaatsen en installeren van afvoeren,wegen en rioleringen;
- 9.Handel in het algemeen,zowel groothandel als detailhandel,waaronder met name begrepen de aankoop,verkoop,import,export,fabricage,onderhoud,reparatie,verhuur en vertegenwoordiging van alle apparatuur,meubilair en goederen die betrekking hebben op of verband houden met de hierboven genoemde activiteiten,zoals sanitaire toestellen,installatie van keukens en badkamers,tegelwerk,ketels,branders en radiatoren,airconditioning- en verwarmingssystemen,brandbeveiligingsapparatuur.
- 1.De terbeschikkingstelling van arbeidskrachten voor de uitvoering door derden van werken die tot haar maatschappelijk doel behoren;
- 2.De decoratie en afwerking van alle onroerende goederen,met inbegrip van de verwerving,verkoop en verhandeling in het algemeen van roerende goederen die voor dit doel bestemd zijn.
- 3.Overdracht van gelden zoals Transfert RIA en WESTERN UNION.
Registered office and establishments
2 establishments| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Sint-Stevensstraat 11 registered office 1600 Sint-Pieters-Leeuw | 01-02-2023 | 2.341.012.945 | |
| de Mérodestraat 184 1060 Sint-Gillis (bij-Brussel) | 01-07-2024 | 2.362.017.702 | Retail trade |
1 former office
- Oudesmidsestraat 20, 1700 Dilbeek until the deed of 27-06-2024
Buildings and parcels at the addresses
- Ground area
- 263 m²
- Buildings
- 201 m²
- Volume, LiDAR
- 2,301 m³
- Tallest building
- 17.9 m
Buildings to scale, each on its own parcel
Parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23077A0118/00W035 | Flanders | 152 m² | 1 · 98 m² | 13.0 m · 3 |
| 21562A0331/00L003 | Brussels | 110 m² | 1 · 103 m² | 17.9 m · 5 |
Recognitions
Food safety, FASFC
1 siteSaint-Gillesunit number 2.362.017.702