PANELITE
ActiveThe computed 12-month bankruptcy probability of PANELITE is 1.5% (moderate). The 2025 annual accounts show equity of €341.32M and a net result of €12.56M. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 796 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73=
Solvency92▲+3
Growth64▲+9
Stability100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.52 in 2024), and 8.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
91.2%
Return on assets
3.4%
Age of the figures
8 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
24 d early
2023
50 d early
2022
24 d early
2021
19 d late
2020
29 d early
2019
56 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€5.40M▲ 18.6%
2024 · €4.55M
2022: €5.25M
2023: €5.29M
2024: €4.55M
2022 → 2025
EBIT margin
-2.6%▼ 8.1pp
2024 · 5.5%
2022: 46.6%
2023: 24.9%
2024: 5.5%
2022 → 2025
Net result
€12.56M▲ 8.1%
2024 · €11.61M
2018: €796k
2019: €5.70M
2020: €6.57M
2021: €6.56M
2022: €8.79M
2023: €9.93M
2024: €11.61M
2018 → 2025
Working capital
€20.89M▲ 34.6%
2024 · €15.52M
2018: €-7.60M
2019: €-9.96M
2020: €-6.04M
2021: €-2.10M
2022: €4.16M
2023: €7.82M
2024: €15.52M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.25M€5.29M▲ 0.8%€4.55M▼ 14.0%€5.40M▲ 18.6%
Equity€298.44M-€307.21M▲ 2.9%€317.15M▲ 3.2%€328.76M▲ 3.7%€341.32M▲ 3.8%
Operating result€625k-€2.45M▲ 292%€1.32M▼ 46.1%€252k▼ 80.9%€-140k
Net result€6.56M-€8.79M▲ 33.9%€9.93M▲ 13.1%€11.61M▲ 16.9%€12.56M▲ 8.1%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €140k after €252k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €374.34M
Fixed assets
€320.57M▲ 2.3%
Current assets
€53.76M▲ 18.2%
Equity and liabilities €374.34M
Equity
€341.32M▲ 3.8%
Provisions
€18k▼ 5.9%
Debt
€33.00M▲ 9.5%
The debt ratio rises from 8.4% to 8.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.44M▼
2024 · €1.77M
Cash flow
€14.14M▲
2024 · €13.13M
Solvency
91.2%▼
2024 · 91.6%
Current ratio
1.64▲
2024 · 1.52
Quick ratio
1.53▲
2024 · 1.39
Debt / equity
0.10▲
2024 · 0.09
ROE
3.7%▲
2024 · 3.5%
ROA
3.4%▲
2024 · 3.2%
Interest coverage
317.66▼
2024 · 547.66
Debt
€33.00M▲
2024 · €30.14M
Debt ≤ 1 year
€32.87M▲
2024 · €29.96M
Debt > 1 year
€48k▼
2024 · €84k
Income taxes
€238k▼
2024 · €271k
Staff costs
€1.41M▲
2024 · €1.25M
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€358.92M€374.34M▲
Fixed assets21/28€313.44M€320.57M▲
Tangible fixed assets22/27€24.64M€30.54M▲
Land and buildings22€22.52M€28.22M▲
Plant, machinery and equipment23€2.00M€2.25M▲
Furniture and vehicles24€105k€56k▼
Other tangible fixed assets26€18k€18k▼
Financial fixed assets28€288.80M€290.03M▲
Affiliated companies280/1€288.80M€290.03M▲
Participating interests280€288.80M€290.03M▲
Current assets29/58€45.48M€53.76M▲
Amounts receivable after more than one year29€8.98M€8.97M▼
Trade receivables290€8.98M€8.97M▼
Stocks and contracts in progress3€3.81M€3.37M▼
Stocks30/36€3.81M€3.37M▼
Goods purchased for resale34€3.81M€3.37M▼
Amounts receivable within one year40/41€12.68M€14.90M▲
Trade receivables40€356k€2.61M▲
Other amounts receivable41€12.33M€12.29M▼
Current investments50/53€19.25M€25.23M▲
Other investments51/53€19.25M€25.23M▲
Cash at bank and in hand54/58€155k€702k▲
Deferred charges and accrued income490/1€602k€596k▼
Equity and liabilities
Total equity and liabilities10/49€358.92M€374.34M▲
Equity10/15€328.76M€341.32M▲
Contributions10/11€271.41M€271.41M=
Capital10€271.41M€271.41M=
Issued capital100€271.41M€271.41M=
Reserves13€57.35M€69.91M▲
Non-distributable reserves130/1€3.43M€4.01M▲
Legal reserve130€3.43M€4.01M▲
Tax-exempt reserves132€581k€1.58M▲
Distributable reserves133€53.33M€64.32M▲
Provisions and deferred taxes16€19k€18k▼
Deferred taxes168€19k€18k▼
Amounts payable17/49€30.14M€33.00M▲
Amounts payable after more than one year17€84k€48k▼
Financial debts170/4€84k€48k▼
Subordinated loans170€84k€48k▼
Amounts payable within one year42/48€29.96M€32.87M▲
Trade debts44€812k€418k▼
Suppliers440/4€812k€418k▼
Taxes, remuneration and social security45€68k€136k▲
Taxes450/3€32k€50k▲
Remuneration and social security454/9€35k€86k▲
Other amounts payable47/48€29.08M€32.32M▲
Accrued charges and deferred income492/3€94k€77k▼
Income statement
Code20242025
Operating income70/76A€5.52M€6.51M▲
Turnover70€4.55M€5.40M▲
Other operating income74€949k€915k▼
Non-recurring operating income76A€15k€200k▲
Operating charges60/66A€5.26M€6.65M▲
Goods for resale, raw materials and consumables60€471k€1.21M▲
Purchases600/8€887k€859k▼
Change in stocks: decrease (increase)609€-416k€350k▲
Services and other goods61€1.89M€2.28M▲
Remuneration, social security and pensions62€1.25M€1.41M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.51M€1.58M▲
Other operating charges640/8€140k€171k▲
Non-recurring operating charges66A-€99
Operating profit (loss)9901€252k€-140k▼
Financial income75/76B€11.64M€12.94M▲
Recurring financial income75€11.64M€12.94M▲
Income from financial fixed assets750€10.70M€11.51M▲
Income from current assets751€356k€659k▲
Other financial income752/9€579k€775k▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0-
Other financial charges652/9€3k€5k▲
Profit (loss) for the period before taxes9903€11.88M€12.79M▲
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€271k€238k▼
Taxes670/3€271k€238k▼
Profit (loss) for the period9904€11.61M€12.56M▲
Transfer from tax-exempt reserves789€3k€3k=
Transfer to tax-exempt reserves689€522k€998k▲
Profit (loss) for the period to be appropriated9905€11.10M€11.56M▲
Appropriation of the result
Profit (loss) to be appropriated9906€11.10M€11.56M▲
Transfer to equity691/2€11.10M€11.56M▲
To the legal reserve6920€555k€578k▲
To other reserves6921€10.54M€10.99M▲
Social balance
Average headcount (FTE)908722.625.0▲
The notes to these accounts (79 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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €12.56M ▲8.1%
Net result €12.56M, the highest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €250MEq €285.31M ▲1468%
2 profitable years in a row build equity to €285.31M.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
16-01
State Gazette act
Permanent representative · Director appointment
Share issue · Capital increase
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
12-01
State Gazette act
Permanent representative · Director appointment
Share issue · Bank account
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
09-03
State Gazette act
Share issue · Capital increase
Statutes amendment · Jean-Philippe Claesen
2015
13-04
State Gazette act
Share issue · Capital increase
Statutes amendment · Jean-Philippe Claesen
2014
30-04
State Gazette act
Capital increase · Share issue
Capital · Statutes amendment · Jean-Philippe Claesen
2013
06-11
State Gazette act
General meeting · Capital increase
Statutes amendment · Director resignation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Wemmel · 7 establishment units since 1998
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.
Korenveldlaan 231780 WemmelGround area
6,206 m²
Building footprint
1,764 m²
Volume, LiDAR
16,973 m³
7 parcels, Brussels, Flanders, Wallonia · tallest building 22.1 m, ±6 floors. Linked by address, not a title deed.
7 establishment units
Korenveldlaan 23, 1780 Wemmel
since 19982.085.789.812
The Choco-Story
since 20042.137.129.239
Lumina
since 20082.300.773.781
Frietmuseum
since 20082.228.004.777
Frietmuseum Brussels
since 20252.376.909.576
Catland
since 20262.385.936.615
Show 1 more locations
Gite Tenneville
since 20262.389.427.031
7 parcels
Flanders
5
(71.4%)
Wallonia
1
(14.3%)
Brussels
1
(14.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002G0198/03H000 | Flanders | 2,093 m² | 1 · 346 m² | 15.8 m · 4 fl. |
| 22005A0335/00G000 | Flanders | 1,605 m² | 1 · 320 m² | 8.3 m · 2 fl. |
| 83049B0083/00G000 | Wallonia | 873 m² | 1 · 247 m² | 9.8 m · 2 fl. |
| 31005A0756/00B000 | Flanders | 793 m² | 1 · 168 m² | 15.8 m · 4 fl. |
| 21004A1301/00B000 | Brussels | 430 m² | 1 · 410 m² | 22.1 m · 6 fl. |
| 31805E1175/00A000 | Flanders | 343 m² | 1 · 220 m² | - |
| 31005A0771/00A000 | Flanders | 69 m² | 1 · 52 m² | 14.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 6
7 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
4 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Ownership & control
1 partyPANELITEBE 0462.503.522
controls
Where this company holds controlthis company sits on their board1
1 location
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrugge2.137.129.239
Brugge2.228.004.777
Dual-learning approval
1 live approvalOnthaal, organisatie en sales duaal (so)
Similar companies · same sector, comparable size
Compass Group Belgium
BE 0408.364.753
Machelen (Brab.) · Eq €51.55M
Sodexo Belgium SA
BE 0407.246.778
Brussel · Eq €49.35M
Of 1,344 companies in sector 56220 we hold annual accounts for 402. 2 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-01-1998
Fiscal year end31-12
Activities, NACEBEL
56220Contract catering and other food service activities
56290Food and beverage service activities
91020Libraries, archives, museums and other cultural activities
91210Libraries, archives, museums and other cultural activities
92520
47789Other retail sale of new goods
52498
56309Food and beverage service activities
70200Business and other management consultancy
70220Business consulting
74142
74872
82300Organisation of conventions and trade shows
91030Libraries, archives, museums and other cultural activities
91220Libraries, archives, museums and other cultural activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.