PANTHEON
ActivePANTHEON has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.82M and a net result of €111k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 4500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-11
Solvency10=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days only on tighter terms
Liquidity short (current ratio 0.02 against 0.02 in 2024), and 84.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
15.4%
Return on assets
0.9%
Age of the figures
8 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
16 d early
2023
28 d early
2022
21 d early
2021
27 d early
2020
53 d late
2019
36 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€111k▼ 21.2%
2024 · €141k
2018: €117k
2019: €211k
2020: €270k
2021: €341k
2022: €234k
2023: €172k
2024: €141k
2018 → 2025
Working capital
€-9.03M▼ 18.8%
2024 · €-7.60M
2018: €-1.39M
2019: €-1.69M
2020: €-1.11M
2021: €-1.20M
2022: €-1.78M
2023: €-7.47M
2024: €-7.60M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.17M-€1.40M▲ 20.0%€1.57M▲ 12.3%€1.71M▲ 9.0%€1.82M▲ 6.5%
Operating result€457k-€476k▲ 4.1%€526k▲ 10.4%€545k▲ 3.7%€486k▼ 10.8%
Net result€341k-€234k▼ 31.5%€172k▼ 26.4%€141k▼ 18.1%€111k▼ 21.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.85M
Fixed assets
€11.64M▼ 0.8%
Current assets
€205k▲ 33.5%
Equity and liabilities €11.85M
Equity
€1.82M▲ 6.5%
Debt
€10.02M▼ 1.5%
The debt ratio falls from 85.6% to 84.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.02M▼
2024 · €1.09M
Cash flow
€647k▼
2024 · €688k
Solvency
15.4%▲
2024 · 14.4%
Current ratio
0.02▲
2024 · 0.02
Quick ratio
0.02▲
2024 · 0.02
Debt / equity
5.49▼
2024 · 5.94
ROE
6.1%▼
2024 · 8.2%
ROA
0.9%▼
2024 · 1.2%
Interest coverage
3.10▼
2024 · 3.13
Debt
€10.02M▼
2024 · €10.17M
Debt ≤ 1 year
€9.23M▲
2024 · €7.75M
Debt > 1 year
€790k▼
2024 · €2.42M
Income taxes
€45k▼
2024 · €55k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€11.88M€11.85M▼
Fixed assets21/28€11.73M€11.64M▼
Tangible fixed assets22/27€11.73M€11.64M▼
Land and buildings22€11.70M€11.63M▼
Plant, machinery and equipment23€14k€2k▼
Furniture and vehicles24€18k€12k▼
Financial fixed assets28-€354
Current assets29/58€154k€205k▲
Amounts receivable within one year40/41€4k€4k=
Other amounts receivable41€4k€4k=
Cash at bank and in hand54/58€150k€201k▲
Deferred charges and accrued income490/1€200-
Equity and liabilities
Total equity and liabilities10/49€11.88M€11.85M▼
Equity10/15€1.71M€1.82M▲
Contributions10/11€297k€297k=
Capital10€297k€297k=
Issued capital100€297k€297k=
Reserves13€30k€30k=
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Profit (loss) carried forward14€1.39M€1.50M▲
Amounts payable17/49€10.17M€10.02M▼
Amounts payable after more than one year17€2.42M€790k▼
Financial debts170/4€2.42M€790k▼
Amounts payable within one year42/48€7.75M€9.23M▲
Current portion of amounts payable after more than one year42€773k€975k▲
Trade debts44€1k€74k▲
Suppliers440/4€1k€74k▲
Taxes, remuneration and social security45€22k€11k▼
Taxes450/3€22k€11k▼
Other amounts payable47/48€6.95M€8.17M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€547k€536k▼
Other operating charges640/8€11k€31k▲
Gross operating margin9900€1.10M€1.05M▼
Operating profit (loss)9901€545k€486k▼
Financial income75/76B€416€0▼
Recurring financial income75€416€0▼
Financial charges65/66B€349k€330k▼
Recurring financial charges65€349k€330k▼
Profit (loss) for the period before taxes9903€196k€156k▼
Income taxes67/77€55k€45k▼
Profit (loss) for the period9904€141k€111k▼
Profit (loss) for the period to be appropriated9905€141k€111k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.39M€1.50M▲
Profit (loss) brought forward from the previous period14P€1.25M€1.39M▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €111k ▼21.2%
Net result drops to €111k, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €341k ▲26.5%
Net result €341k, the highest in the series.
31-12
Financial
Equity above €1MEq €1.17M ▲41.3%
4 profitable years in a row build equity to €1.17M.
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 53 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €556k ▲61.2%
2 profitable years in a row build equity to €556k.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-09-2023
Appointed as Permanent representative
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 2000
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.
Kanaalstraat 18530 HarelbekeGround area
6,085 m²
Building footprint
1,427 m²
Volume, LiDAR
7,055 m³
Parcel 34322C0676/00X000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kanaalstraat 1, 8530 Harelbeke
since 20002.099.664.275
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322C0676/00X000 | Flanders | 6,085 m² | 1 · 1,426 m² | 10.6 m · 2 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 11,974 companies in sector 68203 we hold annual accounts for 5,947. 3,694 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-05-2000
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.