Equity
€151,428 ▲ 23.8%
PANO PROJECTS has made a profit in every financial year since 2023.
PANO PROJECTS
Lifetime
3 annual accounts with figures on one time axispeak €86,086 (2024)
€64,313▼ 25.3%
peak €66,689 (2024)
€29,138▼ 56.3%
peak €151,428 (2025)
€151,428▲ 23.8%
€152,553▲ 336%
Board1 name since 2023
1 directorVERCAMMEN, Jimmy Freddy Jozefina
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from €86,086 to €64,313Result from €66,689 to €29,138Registered office moved from Rumst to Puurs-Sint-Amands 24-10Equity from €122,290 to €151,428Debts from €34,994 to €152,553Investments €208,806
Key points
from the 2025 annual accountsTurnover
≈ €130,000 estimated
The micro format states no turnover.
Debts
€152,553 ▲ 336%
Debts rose by €117,560 in 2025.
Investments
€208,806 8.9 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.79 was 4.48 in 2024
Short-term debts rose from €34,994 to €42,325.
Filings
3 annual accounts 3 late
The 2023 accounts came latest: 90 days after the end of the period.
Checked score
93
Excellent
Financially stronger than 62% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: < 0.1%▼ -0.1 percentage points vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: 0.1%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: < 0.1%▼ -0.2 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%▲ +0.1 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Last filed accounts filed 30 days late; 1 of the last 3 accounts late
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 2.79, cash €104,633
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 46% of them on solvency, 84% on liquidity, 48% on profitability and 69% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as PANO PROJECTS 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.
The bankruptcy probability of PANO PROJECTS itself is lower: 0.1% within 12 months. It rests on far more data about PANO PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for PANO PROJECTS. 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 of up to €14,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.79 (4.48 in 2024), above the usual 1.5. Short-term debt is 13.9% and cash 34.4% of total assets. However, 50.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
30 days late
2024
6 days late
2023
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 42 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (3 of the last 3 accounts filed within 61 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Rumst to Puurs-Sint-Amands
New registered office: L Van Kerckhovenstraat 37, 2870 Puurs Sint Amands · Previous registered office: Tuinwijk 70, 2840 Rumst · Board meeting of 29-09-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0798080069
Incorporation
Founding capital of €3,000, 100 shares · Founder: VERCAMMEN, Jimmy Freddy Jozefina · Appointment: VERCAMMEN, Jimmy Freddy Jozefina (director) · published on 07-02-2023 · Gazette deed
First establishment
L. Van Kerckhovenstraat 37, Puurs-Sint-Amands
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PANO PROJECTS Puurs-Sint-Amands | €303,982 | €64,313 | 49.8% | - |
| Le Clef Investments Antwerp | €292,249 | €60,672 | 83.6% | - |
| MARCOTT Brasschaat | €293,253 | €59,122 | 79.2% | - |
| PENATES Antwerp | €283,782 | €69,325 | 3.0% | - |
| Streep Antwerp | €322,655 | €71,692 | 39.5% | - |
| Adkon Retie | €336,561 | €61,731 | 83.9% | - |
| Elena Mortsel | €273,515 | €59,892 | 12.8% | - |
These companies have the same main activity as PANO PROJECTS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €274,000 and €337,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 03-02-2023Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.341.263.5612870 Puurs-Sint-Amands, since 03-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 06-10-2025
Insights on PANO PROJECTS
PANO PROJECTS files the micro format. That format states no turnover. The gross margin fell from €66,367 in 2023 to €64,313 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PANO PROJECTS
- What is the company number of PANO PROJECTS?
- The company number of PANO PROJECTS is 0798.080.069. The VAT number is the same number with BE in front: BE 0798.080.069.
- Where is PANO PROJECTS based?
- The registered office is at L. Van Kerckhovenstraat 37, 2870 Puurs-Sint-Amands.Company details
- What does PANO PROJECTS do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of PANO PROJECTS?
- PANO PROJECTS is a private limited company (BV).
- When was PANO PROJECTS founded?
- PANO PROJECTS was founded on 03-02-2023.
- Is PANO PROJECTS still active?
- Yes, PANO PROJECTS is an active enterprise in the KBO register.
- What is the turnover of PANO PROJECTS?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €64,313 and 120 comparable companies (NACE 70200). It probably lies between €99,000 and €170,000.Financials
- Is PANO PROJECTS profitable?
- In financial year 2025, PANO PROJECTS made a profit of €29,138.
- Where can I find the annual accounts of PANO PROJECTS?
- PANO PROJECTS filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PANO PROJECTS due?
- PANO PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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