Result
-€28,079 -€28,079
From profit to loss in 2025, after a profit of €67,528 in 2024.
PANOFOODS
Lifetime
6 annual accounts with figures on one time axispeak €199,713 (2024)
€124,423▼ 37.7%
lowest -€28,079 (2025)
-€28,079▼ €95,607
peak €180,897 (2024)
€152,818▼ 15.5%
€427,161▼ 9.4%
Board4 names since 2019
4 directorsCLOETENS Gilian and 3 others
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Gross margin from €199,713 to €124,423Loss of €28,079Equity from €180,897 to €152,818
Key points
from the 2025 annual accountsTurnover
≈ €400,000 estimated
The accounts state no turnover.
Debts
€427,161 74% of the balance sheet
Financial debts 44%Suppliers 10%Taxes and wages 5%Other 41%
Of this, €237,432 falls due within a year.
Filings
6 annual accounts since 2020
The last five annual accounts were filed 0 to 14 days before the end of the period.
Starting capital
€5,000 100 shares
Position in the sector
-€28,079
Lower net result than 86% of companies in food and beverage service. Sector median €10,278 · 4,838 companies.
Checked score
66
Healthy
Financially stronger than 38% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.2%▼ -0.1 percentage points vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.3%▲ +0.1 percentage points vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.6%▲ +0.3 percentage points vs 05-2025
07-2025: 1.9%▲ +0.3 percentage points vs 06-2025highest value
08-2025: 0.9%▼ -1.0 percentage point vs 07-2025
09-2025: 1.0%▲ +0.1 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 0.8%▼ -0.2 percentage points vs 11-2025
01-2026: 0.7%▼ -0.1 percentage points vs 12-2025lowest value
02-2026: 0.8%▲ +0.1 percentage points vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.9%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 1.0%▲ +0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.2 percentage points vs 06-2026
08-2026: 0.9%▼ -0.3 percentage points vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2019
lowers risk
Size: total assets €579,979
Figures for financial year 2025 (filed on 31-07-2026)
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 56, micro). It does better than 47% of them on solvency, 33% on liquidity, 43% on profitability and 28% 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 low class on 30-06-2025, 0.8% 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, 1,548 companies had the same profile as PANOFOODS has now. Each dot stands for 4 companies, two years later.
91.2%
were still trading
3.9%
stopped another way
4.3%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PANOFOODS itself: 0.9% within 12 months.
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 1,548 companies, not a prediction for PANOFOODS. 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 €10,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.88 (0.78 in 2024), below 1. Short-term debt is 40.9% and cash 6.4% of total assets. 73.7% 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 riskneutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
14 days early
2023
on the day
2022
3 days early
2021
5 days early
2020
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 9 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 28 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CLOETENS Marc Jozef Mathilde 50 sharesdeed of 30-09-2019
- CLOETENS Gregory 25 sharesdeed of 30-09-2019
- CLOETENS Gilian 25 sharesdeed of 30-09-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0734966030
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Brugge
Incorporation
Founding capital of €5,000, 100 shares · Founders: CLOETENS Marc Jozef Mathilde, CLOETENS Gregory and CLOETENS Gilian · Appointments: CLOETENS Marc Jozef Mathilde, CLOETENS Gregory, CLOETENS Gilian and WOUTERS Petra · published on 30-09-2019 · Gazette deed
First establishment
Golf van Biskajestraat 208-212, Bruges
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PANOFOODS Knokke-Heist | €579,979 | €124,423 | 26.3% | - |
| SOLO-SLIM Schilde | €500,758 | €114,998 | 16.8% | - |
| ATV Immo Liège | €705,800 | €115,263 | 3.0% | - |
| Distillerie de Maredsous Anhée | €639,283 | €101,604 | 30.1% | - |
| A.B.D DEPANNAGE Dilbeek | €529,173 | €137,041 | 60.5% | - |
| Ottokar Jabbeke | €483,053 | €109,021 | 29.6% | 0.4 |
| STOELEZVOUS Koksijde | €561,979 | €167,930 | 18.3% | - |
These companies have the same main activity as PANOFOODS: event catering (NACE 56210). They are comparable in size and age: total assets between €483,000 and €706,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 26-09-2019Normal situation
- Activity
- Event cateringNACE 56210and 1 other
- Establishment unit
- 2.294.060.1938380 Bruges, since 26-09-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 08-10-2025
Annual accounts 2025
- €579,979▼ 11.1%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on PANOFOODS
PANOFOODS files the abbreviated format. That format states no turnover. The gross margin rose from €38,782 in 2020 to €124,423 in 2025.
The balance sheet grew most from 2021 to 2023 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 PANOFOODS
- What is the company number of PANOFOODS?
- The company number of PANOFOODS is 0734.966.030. The VAT number is the same number with BE in front: BE 0734.966.030.
- Where is PANOFOODS based?
- The registered office is at Elizabetlaan 273, 8300 Knokke-Heist.Company details
- What does PANOFOODS do?
- According to the KBO register, the main activity is event catering (NACE 56210).
- What is the legal form of PANOFOODS?
- PANOFOODS is a private limited company (BV).
- When was PANOFOODS founded?
- PANOFOODS was founded on 26-09-2019.
- Is PANOFOODS still active?
- Yes, PANOFOODS is an active enterprise in the KBO register.
- How many employees does PANOFOODS have?
- PANOFOODS had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PANOFOODS?
- The turnover in financial year 2025 is ≈ €400,000. This figure is estimated from the gross margin of €124,423 and 69 comparable companies (NACE 56). It probably lies between €320,000 and €520,000.
- Is PANOFOODS profitable?
- In financial year 2025, PANOFOODS made a loss of €28,079.
- Where can I find the annual accounts of PANOFOODS?
- PANOFOODS filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PANOFOODS due?
- PANOFOODS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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