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PANOBIRDS

Active
Private limited companyfounded 2013active for 13 yearsPastoor Verrieststraat 109, 8570 Anzegem, BelgiumKBO/BCE: BE 0536.743.659

From the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of PANOBIRDS is 1.6% (moderate). The 2025 annual accounts show negative equity (-€85,110) and a net result of -€31,246. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 4,339 sector peers (NACE 74, financial year 2025). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 17-07-2013 Normal situation
Activity
Other photographic activities NACE 74209
Establishment unit
2.220.731.460 8570 Anzegem, since 17-07-2013
Financial year end
30 September
Peppol
Reachable since 31-10-2023

Board and ownership

Board

Financial position

52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.6%
Annual accounts to 30-09-2025
Gross margin
-€17,607
▼ 427%
Loss
€31,246
▲ 92.3%
Equity
-€85,110
▼ 58.0%
Total assets
€36,162
▼ 6.8%
Turnover not published (micro format)
Filed on 19-03-2026, 42 days before the deadlinePDF
Score breakdownraises riskLoss of €31,246, the second in a row (financial year 2025)Negative equity -€85,110Liquidity: current ratio 0.04lowers riskSize: total assets €36,162Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 6% of micro companies in other professional activities (NACE 74)
Financial strength · tick: 2024
Weak
Solvency 0=
equity -235.4% of total assets
Liquidity 0-6
short-term debt 335.4%
Profitability 0=
return on assets -86.4%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (5,429 companies, NACE 74, micro)
Last 24 months 11-2024: 2.8%highest value 12-2024: 2.7%▼ -0.1 percentage points vs 11-2024 01-2025: 2.7%● unchanged vs 12-2024 02-2025: 2.5%▼ -0.2 percentage points vs 01-2025 03-2025: 2.4%▼ -0.1 percentage points vs 02-2025 04-2025: 2.0%▼ -0.4 percentage points vs 03-2025 05-2025: 0.9%▼ -1.1 percentage points vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 0.9%● unchanged vs 06-2025 08-2025: 0.9%● unchanged vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.8%▼ -0.1 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.9%▲ +0.1 percentage points vs 11-2025 01-2026: 0.8%▼ -0.1 percentage points vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026lowest value 04-2026: 1.6%▲ +0.8 percentage points vs 03-2026 05-2026: 1.6%● unchanged vs 04-2026 06-2026: 1.6%● unchanged vs 05-2026 07-2026: 1.6%● unchanged vs 06-2026 08-2026: 1.6%● unchanged vs 07-2026 09-2026: 1.6%● unchanged vs 08-2026 10-2026: 1.6%● unchanged vs 09-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.04 (0.08 in 2024), below 1. Short-term debt is 335.4% of total assets. Equity is negative.
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 74, micro). It does better than 5% of them on solvency, 1% on liquidity, 7% on profitability and 11% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €36,162
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €31,246, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€85,110
NBB · annual accounts
raises risk · Liquidity: current ratio 0.04
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€85,110
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-03-2026, 42 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
42 days early
2024
56 days early
2023
55 days early
2022
60 days early
2021
37 days early
2020
55 days early
2019
56 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 52 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 7 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end01-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€85,110 View
  • Risk: 5 loss-making years in a rowloss in financial year 2025 -€31,246 View
  • Caution: Lower solvency than 95% of companies in other professional activitiessector median 49.8% · 4,339 companies -235.4% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Comparable companies

These companies have the same main activity as PANOBIRDS: other photographic activities (NACE 74209). They are comparable in size and age: total assets between €19,600 and €57,700, founded between 2008 and 2018.

CompanyTotal assetsGross margin
PANOBIRDS Anzegem€36,162-€17,607
3Dimage Chaumont-Gistoux€30,873-€32,300
FORZA ! MEDIA Sint-Genesius-Rode€40,930-€21,487
STUDIO 76 Jette€57,737-€127
EC SOLUTIONS Rendeux€30,651-€7,524
DUBOIS-DUBOIS Brussel€19,644-€835
LESS IS MORE STUDIO Schaarbeek€43,806€2,323
Full comparison

Documents

Annual accounts at the NBB

All 12 annual accounts

Articles and registers

Key facts about PANOBIRDS

What is the company number of PANOBIRDS?
The company number of PANOBIRDS is 0536.743.659. The VAT number is the same number with BE in front: BE 0536.743.659.
Where is PANOBIRDS based?
The registered office is at Pastoor Verrieststraat 109, 8570 Anzegem.Company details
What does PANOBIRDS do?
According to the KBO register, the main activity is other photographic activities (NACE 74209).
What is the legal form of PANOBIRDS?
The legal form of PANOBIRDS is Private limited company (BV).
When was PANOBIRDS founded?
PANOBIRDS was founded on 17-07-2013.
Is PANOBIRDS still active?
Yes, PANOBIRDS is an active enterprise in the KBO register.
What is the turnover of PANOBIRDS?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is PANOBIRDS profitable?
In financial year 2025, PANOBIRDS made a loss of €31,246.
Where can I find the annual accounts of PANOBIRDS?
PANOBIRDS filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of PANOBIRDS due?
PANOBIRDS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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