Full dossier in preparation
Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Process with priority
Sign in free to move this company to the front.
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for PANAM according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €20k and a net result of €8k.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events09-03-2026
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€8k-13.2%
Working capital€9k+284.9%
Directors2
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 31-08-2023 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 39.9% | 36.4% | |
| Net result | €8k | €12k | |
| Equity | €20k | €26k | |
| Gross operating margin | €25k | €32k | |
| Staff costs | €12k | €26k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€13k
+1.2%
+14% vs sector
€8k
-13.2%
-41% vs sector
€10k
-11.9%
-46% vs sector
€51k
+76.6%
-72% vs sector
€20k
+68.6%
-79% vs sector
€9k
+284.9%
-89% vs sector
1
0.0%
-74% vs sector
€12k
+335.8%
-92% vs sector
€3k
+93.3%
-5% vs sector
€30k
+82.4%
-69% vs sector
€30k
+98.1%
-37% vs sector
1.31
+12.9%
-40% vs sector
0.44
-27.8%
-79% vs sector
39.9%
-4.5%
-12% vs sector
1.51
+8.2%
+20% vs sector
40.7%
-48.6%
+199% vs sector
16.2%
-50.9%
+61% vs sector
63.40
-83.6%
far above sector median
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Revenue | - |
| EBITDA | €13k |
| Net profit | €8k |
| Cash flow | €10k |
| Staff costs | €12k |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €51k |
| Equity | €20k |
| Debt | €30k |
| of which ≤ 1y | €30k |
| of which > 1y | - |
| Working capital | €9k |
| Employees (FTE) | 0.9 |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 1.31 |
| Quick ratio | 0.44 |
| Working capital ratio | 18.5% |
| Solvency | 39.9% |
| Debt / equity | 1.51 |
| Long-term debt ratio | - |
| Interest coverage | 63.40 |
| Gross margin | - |
| Net margin | - |
| ROA | 16.2% |
| ROE | 40.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €51k |
| Fixed assets | 21/28 | €11k |
| Tangible fixed assets | 22/27 | €11k |
| Financial fixed assets | 28 | €110 |
| Current assets | 29/58 | €40k |
| Stocks & contracts in progress | 3 | €26k |
| Amounts receivable within one year | 40/41 | €6k |
| Cash & bank | 54/58 | €7k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €51k |
| Equity | 10/15 | €20k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €250 |
| Accumulated profits (losses) | 14 | €17k |
| Amounts payable | 17/49 | €30k |
| Amounts payable within one year | 42/48 | €30k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €25k |
| Operating result | 9901 | €11k |
| Financial charges | 65 | €198 |
| Result before taxes | 9903 | €11k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €8k |
| Result to be appropriated | 9905 | €8k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2022 · computed11
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
Current30-03-2023 → present
Former directors (1)
-
Former- → 30-03-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
2 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| SARDA JonathanCurrent Statutory auditor |
- | 01-07-2023 → present |
| LOFORTE Carle Statutory auditor |
- | - → 23-02-2026 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
2 mandates| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | CHRISTELLE GRODENT RUE NEUVE 5,
4032 CHENEE |
02-03-2026 → present | Belgian State Gazette |
| Curator | LEON LEDUC PLACE DE
BRONCKART 1, 4000 LIEGE 1 |
02-03-2026 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Overige gespecialiseerde bouwactiviteiten, neg(43990) |
| Legal form | Private limited company(610) |
| Incorporation | 18-01-2021 |
| Status | Active |
| Postal code | 4453 |
| First BS signal | 09-03-2026 |
| Latest BS signal | 09-03-2026 |
Structure & network
Company structure: linked entities
2 linked entitiesMandates
↔
1
of these mandate-holders are active on other cases, click any red card to open that KBO.
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
approximate (street level)
Establishment units
1 locationPANAM
since 20212.312.896.506
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1,191 m²
Buildings2
Building footprint272 m²
Volume (LiDAR)1,716 m³
Tallest building10.7 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62107A0615/00B000 | Wallonia | 739 m² | 1 · 181 m² | 8.2 m · 2 fl. |
| 62112A0216/00V032 | Wallonia | 452 m² | 1 · 92 m² | 10.7 m · 3 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette09-03-2026
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
7 acts Address history · 2
07-06-2023
v3.2
08-11-2022
v3.2
All acts · 7
updated 5 months ago
2026
23-02-2026 LOFORTE Carle resigns as statutory auditor
2023
24-10-2023 SARDA Jonathan appointed as statutory auditor
07-06-2023 Registered office moved from LIEGE to VILLERS SAINT SIMEON
- Quai de Ardennes 50/58, 4020 LIEGE → Rue Guillaume Maréchal 2, 4453 VILLERS SAINT SIMEON
Summary:
v3.2
30-03-2023 1 director appointed, 1 resigning
2022
08-11-2022 Registered office moved within LIEGE
- Rue A. Tilkin 28, 4000 LIEGE → Quai des Ardennes 50/58, 4020 LIEGE
Summary:
v3.2
2021
22-07-2021 Articles of association amended
Summary:
v3.2
20-01-2021 Incorporation of a new SRL
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes46
/ 100
Mixed profile: strong on profitability, weaker on stability.
All 5 axes are computed from data Checked has read.
Health
11
Profitability
100
Solvency
68
Growth
52
Stability
0
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Detailhandel in sanitaire artikelen en sanitair installatiemateriaal in gespecialiseerde winkels47527Detailhandel in sanitaire artikelen en sanitair installatiemateriaal47527
Primary activity highlighted.
Names & trade names
| Legal nameFR | PANAM |
Registered office
Rue Guillaume Maréchal 2 K bus 2
4453 Juprelle, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.