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Complete company report
Generated 15-08-2026
Active BE 0446.588.295Private limited company (pre-2019)

PANTA RHEI

Bergenkruislaan 25 ·9070 Destelbergen, Belgium· 34 yrs active
Sector: Catering van evenementen (56210)
Conclusion Checked

The computed 12-month bankruptcy probability of PANTA RHEI is 1.4% (low). The 2024 annual accounts show equity of €133k and a net result of €20k. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 5634 sector peers (fiscal year 2024). The company has been active since 1992 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €133k
Net result €20k
Better than sector 91%
Active 34 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health93Profitability74Solvency100Growth78Stability92
87 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93
Profitability 74
Solvency 100
Growth 78
Stability 92
Bankruptcy probability (12 mo) Checked model v1 · free
1.4% Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Long track record −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 1 signals
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags1 events
Address strikeout annulled
Health barometer FY 2024 · computed
93 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 25-10-2024 with the NBB · fiscal year 2024 · micro
€0€20k€40kOperating result 2020: €7k€7kNet result 2020: €7k€7kOperating result 2021: €539€539Net result 2021: €4k€4kOperating result 2022: €41k€41kNet result 2022: €12k€12kOperating result 2023: €47k€47kNet result 2023: €34k€34kOperating result 2024: €29k€29kNet result 2024: €20k€20k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~18.6%/year over 6 fiscal years, indicative, assuming unchanged policy.
€50k€100k€150k€200k€250k2025: €153k (€142k - €163k)2026: €181k (€170k - €193k)2027: €215k (€199k - €231k)2019: €57k2020: €63k2021: €67k2022: €79k2023: €113k2024: €133k201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 71.9% 19.4%
better than 91% of 5634 sector peers
Net result €20k €4k
better than 73% of 5623 sector peers
Equity €133k €14k
better than 92% of 5646 sector peers
Gross operating margin €33k €52k
better than 39% of 5609 sector peers
Total assets €184k €87k
better than 75% of 5635 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€31k
-36.4% 19-24
Net profit
€20k
-42.5% 19-24
Cash flow
€21k
-40.5% 19-24
Total assets
€184k
+12.2% 19-24
Equity
€133k
+17.3% 19-24
Working capital
€131k
+19.9% 19-24
Income taxes
€11k
-33.6% 19-24
Debt
€52k
+1.0% 19-24
Debt ≤ 1y
€51k
-0.1% 19-24
Current ratio
3.55
+13.6% 19-24
Quick ratio
3.55
+13.6% 19-24
Solvency
71.9%
+4.5% 19-24
Debt / equity
0.39
-13.8% 19-24
ROE
14.7%
-51.0% 19-24
ROA
10.6%
-48.7% 19-24
Interest coverage
7.95
-82.0% 19-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€31k
Net profit€20k
Cash flow€21k
Staff costs-
Income taxes€11k
Dividends-
Total assets€184k
Equity€133k
Debt€52k
of which ≤ 1y€51k
of which > 1y-
Working capital€131k
Employees (FTE)-
Ratios (computed)
2024
Current ratio3.55
Quick ratio3.55
Working capital ratio70.9%
Solvency71.9%
Debt / equity0.39
Long-term debt ratio-
Interest coverage7.95
Gross margin-
Net margin-
ROA10.6%
ROE14.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€184k
Fixed assets 21/28€2k
Tangible fixed assets 22/27€2k
Current assets 29/58€182k
Amounts receivable within one year 40/41€37k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€184k
Equity 10/15€133k
Contributions / capital 10/11€6k
Reserves 13€126k
Amounts payable 17/49€52k
Amounts payable within one year 42/48€51k
Trade debts payable within one year 44€11k
Income statement
Gross operating margin 9900€33k
Operating result 9901€29k
Financial income 75€5k
Financial charges 65€4k
Result before taxes 9903€31k
Income taxes 67/77€11k
Net result for the period 9904€20k
Result to be appropriated 9905€20k
You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Catering van evenementen(56210)
Legal form Private limited company (pre-2019)(015)
Incorporation06-02-1992
StatusActive
Postal code9070
Establishment units 1 location
Establishment
het al dan niet permanent verwerken van gegevens met behulp van een eigen programma of een programma van de klant : - invoeren van gegevens - volledige verwerking van gegevens
since 19922.056.761.769
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44013A0396/00A007 Flanders 2,029 m² 1 · 228 m² 9.0 m · 2 fl.
44011B0813/00A000
ProtectedMonumentBurgerhuis De Coutere-PlasSource ↗
 Flanders 937 m² 1 · 442 m² 13.2 m · 1 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 15 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
28-02-2025
KBO administration Address strikeout annulled
27-02-2025
State Gazette act Registered-office change
2024
25-10-2024
NBB filing Annual accounts filed
fiscal year 2024 · micro
2023
30-10-2023
NBB filing Annual accounts filed
fiscal year 2023 · micro
10-05-2023
State Gazette act Registered-office change
2022
02-11-2022
NBB filing Annual accounts filed
fiscal year 2022 · micro
23-05-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
23-05-2022
NBB filing Annual accounts filed
fiscal year 2020 · micro
12-04-2022
State Gazette act Registered-office change
2019
14-10-2019
NBB filing Annual accounts filed
fiscal year 2019 · micro
2018
26-10-2018
NBB filing Annual accounts filed
fiscal year 2018 · micro
14-05-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
30-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
20-05-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Lifecycle & Insolvency Signals1 events
28-02-2025
KBO administration Address strikeout annulled
 · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-02-28 · KBO administration · Address strikeout annulled
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 3 acts
Address history · 3
27-02-2025
Registered-office move
10-05-2023
Registered-office move
12-04-2022
Registered-office move
All acts · 3 updated 1 year ago
2025
27-02-2025 Registered office moved from Gent to Destelbergen Registered-office change
  • Derbystraat 33 B, 9051 Gent → Bergenkruislaan 25, 9070 Destelbergen
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Bergenkruislaan 25, 9070 Destelbergen",
        "city": "Destelbergen",
        "region": "vlaams_gewest",
        "street": "Bergenkruislaan",
        "country": "BE",
        "postcode": "9070",
        "box_number": null,
        "street_number": "25",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Derbystraat 33 B, 9051 Gent",
        "city": "Gent",
        "region": "vlaams_gewest",
        "street": "Derbystraat",
        "country": "BE",
        "postcode": "9051",
        "box_number": "B",
        "street_number": "33",
        "locality_suffix": null
      },
      "effective_date": "2024-04-05",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-02-27",
    "filing_date": "2025-02-19",
    "act_kind_objet": "Zetel (zetelverplaatsing)"
  },
  "decision": {
    "body": "bevoegde_bestuursorgaan",
    "date": "2024-04-05",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0446.588.295",
    "name_full": "PANTA RHEI",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Koenraad Van Coillie",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [
    "de notulen van de bestuursvergadering dd. 05/04/2024"
  ]
}
2023
10-05-2023 Registered office moved from Destelberg to Sint-Denijs-Westrem Registered-office change
  • Bergenkruislaan 25, 9070 Destelberg → Derbystraat 33 B, 9051 Sint-Denijs-Westrem
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "combined",
      "new_address": {
        "raw": "Derbystraat 33 B, 9051 Sint-Denijs-Westrem",
        "city": "Sint-Denijs-Westrem",
        "region": "vlaams_gewest",
        "street": "Derbystraat",
        "country": "BE",
        "postcode": "9051",
        "box_number": "B",
        "street_number": "33",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Bergenkruislaan 25, 9070 Destelberg",
        "city": "Destelberg",
        "region": "vlaams_gewest",
        "street": "Bergenkruislaan",
        "country": "BE",
        "postcode": "9070",
        "box_number": null,
        "street_number": "25",
        "locality_suffix": null
      },
      "effective_date": "2023-03-01",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-05-10",
    "filing_date": "2023-04-28",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2023-03-01",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0446.588.295",
    "name_full": "PANTA RHEI",
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Koenraad Van Coillie",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurders"
  },
  "co_filed_documents": [
    "Luik B"
  ]
}
2022
12-04-2022 Registered office moved from Deinze to Destelbergen Registered-office change
  • Tolpoortstraat 49 bus 401, 9800 Deinze → Bergenkruislaan 25,9070 Destelbergen
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "combined",
      "new_address": {
        "raw": "Bergenkruislaan 25,9070 Destelbergen",
        "city": "Destelbergen",
        "region": "vlaams_gewest",
        "street": "Bergenkruislaan",
        "country": "BE",
        "postcode": "9070",
        "box_number": null,
        "street_number": "25",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Tolpoortstraat 49 bus 401, 9800 Deinze",
        "city": "Deinze",
        "region": "vlaams_gewest",
        "street": "Tolpoortstraat",
        "country": "BE",
        "postcode": "9800",
        "box_number": "401",
        "street_number": "49",
        "locality_suffix": null
      },
      "effective_date": null,
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": null,
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": null,
    "filing_date": "2022-04-04",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2021-09-01",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0446.588.295",
    "name_full": "PANTA RHEI",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Koenraad Van Coillie",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurders"
  },
  "co_filed_documents": [
    "Annexes du Moniteur belge"
  ]
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Catering56210Catering van evenementen56210Overige advisering in verband met programmatuur en levering van programmatuur72220Cateringdiensten op contractbasis en overige diensten in verband met maaltijden56220Overige eetgelegenheden56290Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Onderhoud en reparatie van computers en van boekhoud- en overige kantoormachines72500Algemene reiniging van gebouwen81210Algemene reiniging van gebouwen81210Overige reiniging van gebouwen; industriële reiniging81220Overige reiniging van gebouwen; industriële reiniging81220Andere reinigingsactiviteiten81230Andere reinigingsactiviteiten81290Reparatie en onderhoud van computers en communicatieapparatuur95100Reparatie van computers en randapparatuur95110
Primary activity highlighted.
Names & trade names
Legal nameNL PANTA RHEI
Registered office
Bergenkruislaan 25
9070 Destelbergen, Belgium
Registration history
  1. 28-02-2025 Address strikeout annulled
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative