Panta Rhei is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €655k and a net result of €-3k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 61% of 9864 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
1 d late
2022
31 d early
2021
26 d early
2020
30 d early
2019
37 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€655k▼ 0.5%
2023 · €658k
2018: €88k
2019: €576k
2020: €577k
2021: €547k
2022: €600k
2023: €658k
2018 → 2024
Net result
€-3k
2023 · €58k
2018: €38k
2019: €489k
2020: €1k
2021: €-30k
2022: €52k
2023: €58k
2018 → 2024
Total assets
€994k▼ 4.8%
2023 · €1.04M
2018: €124k
2019: €1.06M
2020: €1.12M
2021: €1.08M
2022: €1.04M
2023: €1.04M
2018 → 2024
Solvency
65.9%▲ 2.9pp
2023 · 63.0%
2018: 70.7%
2019: 54.3%
2020: 51.5%
2021: 50.6%
2022: 57.4%
2023: 63.0%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€577k-€547k▼ 5.2%€600k▲ 9.6%€658k▲ 9.7%€655k▼ 0.5%
Operating result€8k-€-23k€71k€86k▲ 21.0%€6k▼ 93.2%
Net result€1k-€-30k€52k€58k▲ 10.9%€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 93% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €994k
Fixed assets
€926k▼ 5.4%
Current assets
€68k▲ 3.4%
Equity and liabilities €994k
Equity
€655k▼ 0.5%
Debt
€339k▼ 12.3%
The debt ratio falls from 37.0% to 34.1%. Equity and debt are lower.
Key figures and ratios
Solvency
65.9%▲
2023 · 63.0%
ROE
-0.5%▼
2023 · 8.8%
ROA
-0.3%▼
2023 · 5.6%
Debt
€339k▼
2023 · €386k
Debt ≤ 1 year
€83k▼
2023 · €89k
Debt > 1 year
€255k▼
2023 · €295k
Income taxes
€250▼
2023 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.04M€994k▼
Fixed assets21/28€978k€926k▼
Tangible fixed assets22/27€978k€926k▼
Land and buildings22€919k€884k▼
Furniture and vehicles24€60k€42k▼
Current assets29/58€66k€68k▲
Amounts receivable within one year40/41€62k€23k▼
Trade receivables40€15k€10k▼
Other amounts receivable41€47k€13k▼
Cash at bank and in hand54/58€2k€45k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€1.04M€994k▼
Equity10/15€658k€655k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€637k€634k▼
Amounts payable17/49€386k€339k▼
Amounts payable after more than one year17€295k€255k▼
Financial debts170/4€289k€247k▼
Other amounts payable178/9€6k€8k▲
Amounts payable within one year42/48€89k€83k▼
Current portion of amounts payable after more than one year42€37k€34k▼
Trade debts44€12k€20k▲
Suppliers440/4€12k€20k▲
Taxes, remuneration and social security45€39k€29k▼
Taxes450/3€39k€29k▼
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€42k▼
Other operating charges640/8€6k€17k▲
Gross operating margin9900€138k€65k▼
Operating profit (loss)9901€86k€6k▼
Financial income75/76B-€38
Recurring financial income75-€38
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€79k€-3k▼
Income taxes67/77€21k€250▼
Profit (loss) for the period9904€58k€-3k▼
Profit (loss) for the period to be appropriated9905€58k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€637k€634k▼
Profit (loss) brought forward from the previous period14P€579k€637k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-30k ▼2538%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €489k ▲1189%
Operating result €699k, net result €489k, both a record.
31-12
Financial
Equity above €500kEq €576k ▲558%
2 profitable years in a row build equity to €576k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Trekschurenstraat 2373500 HasseltGround area
1,414 m²
Building footprint
22 m²
Volume, LiDAR
70 m³
Parcel 71324E0658/00T000, Flanders · tallest building 3.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Panta Rhei
since 20152.247.716.167
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0658/00T000 | Flanders | 1,414 m² | 1 · 22 m² | 3.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 13,389 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-2015
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.