PANYMAS
ActivePANYMAS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8k and a net result of €33. Equity is growing by ~39.5% per year across the filed fiscal years. Its solvency ranks better than 72% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▼-62
Solvency85▲+22
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.49 against 1.62 in 2024; short-term debt: 40.2% and cash: 47.2% of total assets), and 40.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
61 d late
2022
61 d late
2021
25 d early
2020
9 d late
2019
14 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€8k▲ 0.4%
2024 · €8k
2018: €-19k
2019: €-22k
2020: €-26k
2021: €-20k
2022: €-12k
2023: €-5k
2024: €8k
2018 → 2025
Total assets
€14k▼ 35.7%
2024 · €21k
2018: €22k
2019: €15k
2020: €14k
2021: €16k
2022: €23k
2023: €12k
2024: €21k
2018 → 2025
Net result
€33▼ 99.8%
2024 · €14k
2018: €-501
2019: €-3k
2020: €-4k
2021: €6k
2022: €8k
2023: €7k
2024: €14k
2018 → 2025
Working capital
€8k▲ 0.4%
2024 · €8k
2018: €-27k
2019: €-27k
2020: €-28k
2021: €-20k
2022: €-14k
2023: €-5k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-20k-€-12k▲ 39.5%€-5k▲ 54.3%€8k€8k▲ 0.4%
Operating result€6k-€8k▲ 35.5%€7k▼ 9.4%€14k▲ 89.7%€422▼ 96.9%
Net result€6k-€8k▲ 28.2%€7k▼ 16.7%€14k▲ 109%€33▼ 99.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 97% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €14k
Equity
€8k▲ 0.4%
Debt
€5k▼ 58.2%
The debt ratio falls from 61.7% to 40.2%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
59.8%▲
2024 · 38.3%
Current ratio
2.49▲
2024 · 1.62
Quick ratio
1.21▲
2024 · 1.07
Debt / equity
0.67▼
2024 · 1.61
ROE
0.4%▼
2024 · 167.1%
ROA
0.2%▼
2024 · 64.0%
Debt
€5k▼
2024 · €13k
Debt ≤ 1 year
€5k▼
2024 · €13k
Income taxes
€344
Staff costs
€31k▲
2024 · €30k
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€21k€14k▼
Current assets29/58€21k€14k▼
Stocks and contracts in progress3€7k€7k▼
Stocks30/36€7k€7k▼
Amounts receivable within one year40/41€57€166▲
Other amounts receivable41€57€166▲
Cash at bank and in hand54/58€14k€6k▼
Equity and liabilities
Total equity and liabilities10/49€21k€14k▼
Equity10/15€8k€8k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€-10k€-10k▲
Amounts payable17/49€13k€5k▼
Amounts payable within one year42/48€13k€5k▼
Trade debts44€4k€700▼
Suppliers440/4€4k€700▼
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3-€551
Remuneration and social security454/9€5k€4k▼
Other amounts payable47/48€4k-
Income statement
Code20242025
Remuneration, social security and pensions62€30k€31k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€49k€36k▼
Operating profit (loss)9901€14k€422▼
Financial income75/76B-€16
Recurring financial income75-€16
Financial charges65/66B€164€61▼
Recurring financial charges65€164€61▼
Profit (loss) for the period before taxes9903€14k€376▼
Income taxes67/77-€344
Profit (loss) for the period9904€14k€33▼
Profit (loss) for the period to be appropriated9905€14k€33▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-10k▲
Profit (loss) brought forward from the previous period14P€-24k€-10k▲
The notes to these accounts (4 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €14k ▲109%
Operating result €14k, net result €14k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.62
Current ratio from 0.69 to 1.62; short-term debt falls from €18k to €13k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 2012
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.
Maurice Lemonnierlaan 1511000 BrusselGround area
100 m²
Building footprint
66 m²
Volume, LiDAR
1,119 m³
Parcel 21810L2201/00D015, Brussels · tallest building 20.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Maurice Lemonnierlaan 151, 1000 Brussel
since 20122.207.128.201
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21810L2201/00D015 | Brussels | 100 m² | 1 · 66 m² | 20.8 m · 6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.207.128.201
Similar companies · same sector, comparable size
Keletan
BE 0784.895.987
Mortsel · Eq €8k
CJDC
BE 0479.398.546
Waterloo · Eq €8k
BRISÉE
BE 0833.667.389
Wuustwezel · Eq €8k
LA CHARLOTTE DU ROY
BE 0635.966.147
Braine-l'Alleud · Eq €8k
L'ETOILE DU PAIN
BE 0767.703.926
Brussel · Eq €8k
Of 2,407 companies in sector 47241 we hold annual accounts for 1,100. 609 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-02-2012
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.