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PAN & KIM

Active
Private limited companyfounded 2007active for 19 yearsDrève des Alliés(THN) 46, 6530 Thuin, BelgiumKBO/BCE: BE 0889.169.504
Summary

PAN & KIM has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,323 and a net result of -€377. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 55% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Official details

Source: KBO
Status
Active since 03-05-2007 Normal situation
Activity
Other specialised construction activities NACE 43990and 3 others
Joint committee
209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 30-09-2025
Establishment unit
2.162.164.444 6000 Charleroi, since 08-05-2007
Financial year end
30 September
Peppol
Reachable since 15-07-2026

Board and ownership

Board

Financial position

81 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts to 30-09-2025
Loss
€377
▼ 94.1%
Equity
€21,323
▼ 1.7%
Total assets
€41,625
▼ 0.9%
  • 2025 accounts filed 19 days after the deadline
Turnover not published (micro format)
Score breakdownraises risk1 change of registered office in 24 monthsSize: total assets €41,625lowers riskLiquidity: current ratio 2.05, cash €12,067Figures for financial year 2025 (filed on 23-05-2026)Show the evidence

Checked score

Score 2025
81 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 40% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency 76-1
equity 51.2% of total assets
Liquidity 62=
short-term debt 48.8% · cash 29.0%
Profitability 18+18
return on assets -0.9%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 12-2024: 0.9% 01-2025: 1.0%▲ +0.1 percentage points vs 12-2024 02-2025: 0.9%▼ -0.1 percentage points vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 1.1%▲ +0.2 percentage points vs 03-2025 05-2025: 1.6%▲ +0.5 percentage points vs 04-2025 06-2025: 0.4%▼ -1.2 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025lowest value 11-2025: 0.4%● unchanged vs 10-2025lowest value 12-2025: 0.4%● unchanged vs 11-2025lowest value 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 1.0%▲ +0.6 percentage points vs 01-2026 03-2026: 0.9%▼ -0.1 percentage points vs 02-2026 04-2026: 1.0%▲ +0.1 percentage points vs 03-2026 05-2026: 1.6%▲ +0.6 percentage points vs 04-2026highest value 06-2026: 0.5%▼ -1.1 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026 11-2026: 0.5%● unchanged vs 10-2026
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.05 (2.06 in 2024), above the usual 1.5. Short-term debt is 48.8% and cash 29% of total assets. 48.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 56% of them on solvency, 60% on liquidity, 14% on profitability and 32% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 2.05, cash €12,067
NBB · annual accounts
raises risk · Size: total assets €41,625
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 23-05-2026)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€377
raises risk · 2025 accounts filed 19 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-05-2026, 19 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
19 days late
2024
15 days late
2023
56 days early
2022
59 days early
2021
58 days early
2020
80 days early
2019
22 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 28 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 6 March (4 of the last 5 accounts filed within 70 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end03-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 3 loss-making years in a rowloss in financial year 2025 -€377 View
  • New directorlatest change 22-01-2026 · 2 in office 1 joined View

Recent changes

  1. · Gazette deed Company renamed from GLASSLIFT to PAN & KIMRegistered office moved from Charleroi to Thuin · Appointment: KIM Svetlana (director)
  2. · Gazette deed Change of role: PAN Vyatcheslav, from manager to director
  3. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as PAN & KIM: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €39,200 and €47,900, founded between 2006 and 2008.

CompanyTotal assetsGross margin
PAN & KIM Thuin€41,625-
OTTEN Les Bons Villers€39,174€26,886
CONSTRUCT MARIK Charleroi€47,945€13,396
WEA-RS Putte€40,674-€8,544
HOLIDAY CONSTRUCT Ternat€40,015-€4,561
ELITE CONSTRUCT Schaarbeek€40,358€14,784
TIDA Putte€39,714€7,567
Full comparison

Key facts about PAN & KIM

What is the company number of PAN & KIM?
The company number of PAN & KIM is 0889.169.504. The VAT number is the same number with BE in front: BE 0889.169.504.
Where is PAN & KIM based?
The registered office is at Drève des Alliés(THN) 46, 6530 Thuin.Company details
What does PAN & KIM do?
According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of PAN & KIM?
The legal form of PAN & KIM is Private limited company (BV).
When was PAN & KIM founded?
PAN & KIM was founded on 03-05-2007.
Is PAN & KIM still active?
Yes, PAN & KIM is an active enterprise in the KBO register.
How many employees does PAN & KIM have?
PAN & KIM had an average of 1.2 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
Which joint committee does PAN & KIM fall under?
In its 30-09-2025 annual accounts, PAN & KIM states joint committee 209 (Paritair Comité voor de bedienden der metaalfabrikatennijverheid).
What is the turnover of PAN & KIM?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it. In financial year 2022 turnover was €194,288.
Is PAN & KIM profitable?
In financial year 2025, PAN & KIM made a loss of €377.
Where can I find the annual accounts of PAN & KIM?
PAN & KIM filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PAN & KIM due?
PAN & KIM must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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