Equity
€2.6m ▲ 4.5%
Panelflex has made a profit in every financial year since 2006.
Panelflex
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €3.3m (2018)
€1.5m▲ 1.3%
peak €1.7m (2018)
€169,074▲ 17.6%
peak €3.1m (2018)
€2.6m▲ 4.5%
€2.8m▼ 10.9%
peak 16.3 FTE (2022)
15 FTE▼ 3.8%
Board3 names since 2017
2 directorsSarah BONTE and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Merger: Panelflex takes over VILESK 13-08Merger proposal: PANELFLEX takes over Vilesk 13-06Cash from €482,806 to €779,196
Key points
from the 2025 annual accountsTurnover
≈ €2.6m estimated
The accounts state no turnover.
Staff
15 employees on 31-12-2025
In 2025, 7 people joined and 7 left.
Filings
33 annual accounts since 1993
Two of the last ten came late. The 2019 accounts came latest: 31 days after the end of the period.
Restructuring
2025
Merger with VILESK. Merger on 13-08-2025.
Position in the sector
€1.5m
Higher gross margin than 94% of companies in financial services. Sector median €80,036 · 1,342 companies.
Financial institution: outside the modelBankruptcy probability: sector outside the model
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal, which does not raise the risk
1 signal.
neutral
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
55 days early
2023
35 days early
2022
40 days early
2021
14 days early
2020
3 days early
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Merger: Panelflex takes over VILESK
Capital after the increase: €397,000 · Capital after the decrease: €61,500 · Capital from €180,000 to €380,217.39, 307 new shares · Gazette deed
Merger proposal: PANELFLEX takes over Vilesk
Permanent representative: Klaas BUYCK · Vilesk holds all the shares · Capital contribution of €217,000 · Gazette deed
2 directors reappointed
Sarah BONTE (managing director) and VILESK (managing director and chair of the board) · Permanent representative: Klaas BUYCK · General meeting of 25-05-2023 · Gazette deed
First establishment
Noordlaan 5, Kuurne
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Panelflex Kuurne | €5.6m | €1.5m | 45.8% | 15 |
| Crématorium de Charleroi Charleroi | €5.9m | €1.9m | 69.0% | 18.4 |
| ANDRE CELIS - HOLDING Lubbeek | €12.0m | €1.5m | 12.8% | 14.8 |
| ARCHONIA Diepenbeek | €4.2m | €1.1m | 25.5% | 9.6 |
| COCKY Molenbeek-Saint-Jean | €10.7m | €1.1m | 63.3% | 12.8 |
| FASHION CLUB AGENCY MANAGEMENT Antwerp | €3.9m | €2.1m | 80.9% | 20.5 |
| KING KONG Bertem | €4.2m | €1.5m | 41.3% | 10.8 |
These companies have the same main activity as Panelflex: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €3.9m and €12m, founded between 1988 and 2003.
Official details
Source: KBO- Status
- Active since 02-04-1992Normal situation
- Activity
- Activities of holding companiesNACE 64210and 4 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction
- 111Metal, mechanical and electrical engineering · annual accounts 2025
- Establishment unit
- 2.057.413.0558520 Kuurne, since 12-05-1992
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on Panelflex
Panelflex has existed since 1992. In 2011 the gross margin rose from €34,253 to €203,372.
VILESK holds all the shares. In August 2025, the Official Gazette published the appointment of BUYCK Klaas Ignaas Felix as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Panelflex
- What is the company number of Panelflex?
- The company number of Panelflex is 0447.094.774. The VAT number is the same number with BE in front: BE 0447.094.774.
- Where is Panelflex based?
- The registered office is at Noordlaan 5, 8520 Kuurne.Company details
- What does Panelflex do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of Panelflex?
- Panelflex is a public limited company (NV).
- When was Panelflex founded?
- Panelflex was founded on 02-04-1992.
- Is Panelflex still active?
- Yes, Panelflex is an active enterprise in the KBO register.
- How many employees does Panelflex have?
- Panelflex had an average of 15 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Panelflex fall under?
- In its 2025 annual accounts, Panelflex states joint committees 200 (Auxiliary committee for white-collar workers), 124 (Construction) and 111 (Metal, mechanical and electrical engineering).
- What is the turnover of Panelflex?
- The turnover in financial year 2025 is ≈ €2.6m. This figure is estimated from the gross margin of €1.5m and 1,585 comparable companies of the same size. It probably lies between €1.7m and €4.2m. It is a rough estimate.
- Is Panelflex profitable?
- In financial year 2025, Panelflex made a profit of €169,074.
- Where can I find the annual accounts of Panelflex?
- Panelflex filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Panelflex due?
- Panelflex must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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