PANTERA
ActiveSummary
PANTERA has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109,844 and a net result of €62,280. Equity is growing by ~60.2% per year across the filed fiscal years. Its solvency ranks better than 23% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+2
Solvency47▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.11 in 2024; short-term debt: 78.3% and cash: 3% of total assets), and 78.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.7%
Return on assets
12.3%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9537 sector peers (2025).
NBB · sector comparisonPosition among 9537 sector peers
Solvency
better than 23%
← weakest
strongest →
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 08-04-2026, 22 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
22 d early
2024
7 d early
2023
7 d early
2022
3 d early
2021
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€109,844=
2024 · €109,844
Total assets
€505,129▼ 2.7%
2024 · €519,036
Net result
€62,280▲ 11.4%
2024 · €55,885
Working capital
-€352,883▲ 3.2%
2024 · -€364,703
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€14,158-€58,713€81,784▲ 39.3%€74,678▼ 8.7%€83,876▲ 12.3%
Net result-€15,289-€46,423€53,711▲ 15.7%€55,885▲ 4.0%€62,280▲ 11.4%
Equity€9,711-€56,134▲ 478%€109,844▲ 95.7%€109,844=€109,844=
Total assets€578,077-€145,804▼ 74.8%€119,202▼ 18.2%€519,036▲ 335%€505,129▼ 2.7%
Debt€568,366-€89,670▼ 84.2%€9,357▼ 89.6%€409,192▲ 4,273%€395,284▼ 3.4%
Working capital-€150,289-€6,481€51,717▲ 698%-€364,703-€352,883▲ 3.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Total assets +335% on 2023. Cause not known from the registers.
- 2022 Total assets -75% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €505,129
Fixed assets
€462,728 ▼ 2.5%
Current assets
€42,401 ▼ 4.7%
Equity and liabilities €505,129
Equity
€109,844 =
Debt
€395,284 ▼ 3.4%
Debt's share of the balance-sheet total falls from 78.8% to 78.3%. Debt is lower.
Key figures and ratios
EBITDA
€95,696▲
2024 · €87,209
Cash flow
€74,100▲
2024 · €68,416
Current ratio
0.11▼
2024 · 0.11
Debt to equity
3.60▼
2024 · 3.73
ROE
56.7%▲
2024 · 50.9%
ROA
12.3%▲
2024 · 10.8%
Interest coverage
1010.62▲
2024 · 850.90
Debt ≤ 1 year
€395,284▼
2024 · €409,192
Income taxes
€21,502▲
2024 · €18,755
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €4,142 | €12,531 | €11,820 | ▼ 5.7% |
| Other operating charges640/8 | €18,908 | €0 | €129 | €239 | €85 | ▼ 64.3% |
| Gross operating margin9900 | €4,750 | €58,713 | €86,055 | €87,448 | €95,782 | ▲ 9.5% |
| Operating profit (loss)9901 | -€14,158 | €58,713 | €81,784 | €74,678 | €83,876 | ▲ 12.3% |
| Financial income75/76B | - | - | €0 | €65 | €0 | ▼ 99.6% |
| Recurring financial income75 | - | - | €0 | €65 | €0 | ▼ 99.6% |
| Financial charges65/66B | €1,131 | €617 | €210 | €102 | €95 | ▼ 7.6% |
| Recurring financial charges65 | €1,131 | €617 | €210 | €102 | €95 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | -€15,289 | €58,096 | €81,574 | €74,640 | €83,782 | ▲ 12.2% |
| Income taxes67/77 | - | €11,673 | €27,863 | €18,755 | €21,502 | ▲ 14.6% |
| Profit (loss) for the period9904 | -€15,289 | €46,423 | €53,711 | €55,885 | €62,280 | ▲ 11.4% |
| Profit (loss) for the period to be appropriated9905 | -€15,289 | €46,423 | €53,711 | €55,885 | €62,280 | ▲ 11.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €578,077 | €145,804 | €119,202 | €519,036 | €505,129 | ▼ 2.7% |
| Fixed assets21/28 | €160,000 | €50,000 | €58,512 | €474,547 | €462,728 | ▼ 2.5% |
| Tangible fixed assets22/27 | - | - | €58,512 | €45,981 | €34,162 | ▼ 25.7% |
| Plant, machinery and equipment23 | - | - | €1,982 | €1,565 | €1,173 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | €56,530 | €44,416 | €32,989 | ▼ 25.7% |
| Financial fixed assets28 | €160,000 | €50,000 | €0 | €428,566 | €428,566 | = |
| Current assets29/58 | €418,077 | €95,804 | €60,689 | €44,489 | €42,401 | ▼ 4.7% |
| Amounts receivable within one year40/41 | €306,968 | €38,221 | €13,703 | €19,685 | €24,514 | ▲ 24.5% |
| Trade receivables40 | €286,580 | €38,078 | €11,877 | €14,920 | €14,776 | ▼ 1.0% |
| Other amounts receivable41 | €20,388 | €143 | €1,825 | €4,764 | €9,738 | ▲ 104% |
| Current investments50/53 | - | - | - | - | €61 | - |
| Cash at bank and in hand54/58 | €107,044 | €57,583 | €45,782 | €23,537 | €15,277 | ▼ 35.1% |
| Deferred charges and accrued income490/1 | €4,065 | €0 | €1,205 | €1,267 | €2,549 | ▲ 101% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €578,077 | €145,804 | €119,202 | €519,036 | €505,129 | ▼ 2.7% |
| Equity10/15 | €9,711 | €56,134 | €109,844 | €109,844 | €109,844 | = |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | - | €31,134 | €84,844 | €84,844 | €84,844 | = |
| Distributable reserves133 | - | €31,134 | €84,844 | €84,844 | €84,844 | = |
| Profit (loss) carried forward14 | -€15,289 | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €568,366 | €89,670 | €9,357 | €409,192 | €395,284 | ▼ 3.4% |
| Amounts payable within one year42/48 | €568,366 | €89,323 | €8,973 | €409,192 | €395,284 | ▼ 3.4% |
| Financial debts43 | - | - | €224 | €72 | €998 | ▲ 1,294% |
| Credit institutions430/8 | - | - | €224 | €72 | €998 | ▲ 1,294% |
| Trade debts44 | €363,714 | €477 | €250 | €22,500 | €366 | ▼ 98.4% |
| Suppliers440/4 | €363,714 | €477 | €250 | €22,500 | €366 | ▼ 98.4% |
| Taxes, remuneration and social security45 | - | €1,673 | €5,723 | €1,023 | €5,889 | ▲ 476% |
| Taxes450/3 | - | €1,673 | €5,723 | €1,023 | €5,889 | ▲ 476% |
| Other amounts payable47/48 | €204,653 | €87,173 | €2,776 | €385,598 | €388,031 | ▲ 0.6% |
| Accrued charges and deferred income492/3 | - | €348 | €384 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,289 | €46,423 | €53,711 | €55,885 | €62,280 | ▲ 11.4% |
| + Depreciation and write-downs630 | - | - | €4,142 | €12,531 | €11,820 | ▼ 5.7% |
| Operating cash flow (approximation) | -€15,289 | €46,423 | €57,853 | €68,416 | €74,100 | ▲ 8.3% |
| Investment in fixed assets (approximation) | - | €110,000 | -€12,654 | -€428,566 | €0 | ▲ 100% |
| Change in cash | - | -€49,460 | -€11,802 | -€22,244 | -€8,260 | ▲ 62.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2021net €62,280 ▲11.4%
Operating result €83,876, net result €62,280, both a record.
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
09-04
State Gazette act
General meeting · Share transfer
Director resignation · Director discharge
24-01
State Gazette act
General meeting · Director resignation
Director discharge · Director reappointment
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity times 6current ratio 6.76
Current ratio from 1.07 to 6.76; short-term debt falls from €89,323 to €8,973.
30-09
Financial
Equity above €100,000Eq €109,844 ▲95.7%
2 profitable years in a row build equity to €109,844.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €46,423
Net result €46,423 after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tervuren · 1 establishment unit since 2020
Ground area
767 m²
Building footprint
93 m²
Volume, LiDAR
969 m³
Parcel 24302G0067/00L002, Flanders · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
PANTERA
since 20202.302.062.101
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302G0067/00L002 | Flanders | 767 m² | 1 · 93 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 2
-
12.5%
- Loendersloot Next B.V.NLSourceown accounts 30-09-202510%
According to the annual accounts to 30-09-2025 of PANTERA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
875500F6E9QY4UT0YP97
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,236 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-02-2020
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
35150Electricity, gas, steam and air conditioning supply
35230Electricity, gas, steam and air conditioning supply
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743835194
Also
9925:BE0743835194
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.