Panic Events
Open bankruptcyA bankruptcy procedure is open for Panic Events according to publications in the Belgian State Gazette; curator: EEF STESSENS.
Summary
The 2023 annual accounts show negative equity (€-62k) and a net result of €-38k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 08-08-2024, 8 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
8 d late
2022
3 d late
2021
8 d late
2020
43 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-62k▼ 157%
2022 · €-24k
2020: €4khighest in 4 years
2021: €-20k▼ -600% vs 2020
2022: €-24k▼ -21.2% vs 2021
2023: €-62k▼ -157% vs 2022lowest in 4 years
2020 → 2023
Total assets
€21k▼ 14.3%
2022 · €25k
2020: €26k
2021: €29k▲ +12.1% vs 2020highest in 4 years
2022: €25k▼ -15.0% vs 2021
2023: €21k▼ -14.3% vs 2022lowest in 4 years
2020 → 2023
Net result
€-38k▼ 800%
2022 · €-4k
2020: €-14k
2021: €-24k▼ -71.2% vs 2020
2022: €-4k▲ +82.3% vs 2021highest in 4 years
2023: €-38k▼ -800% vs 2022lowest in 4 years
2020 → 2023
Working capital
€-83k▼ 85.1%
2022 · €-45k
2020: €-17khighest in 4 years
2021: €-41k▼ -145% vs 2020
2022: €-45k▼ -10.4% vs 2021
2023: €-83k▼ -85.1% vs 2022lowest in 4 years
2020 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€4k-€-20k€-24k▼ 21.2%€-62k▼ 157%
2020: €4khighest in 4 years
2021: €-20k▼ -600% vs 2020
2022: €-24k▼ -21.2% vs 2021
2023: €-62k▼ -157% vs 2022lowest in 4 years
Operating result€-14k-€-24k▼ 70.5%€-4k▲ 83.5%€-38k▼ 871%
2020: €-14k
2021: €-24k▼ -70.5% vs 2020
2022: €-4k▲ +83.5% vs 2021highest in 4 years
2023: €-38k▼ -871% vs 2022lowest in 4 years
Net result€-14k-€-24k▼ 71.2%€-4k▲ 82.3%€-38k▼ 800%
2020: €-14k
2021: €-24k▼ -71.2% vs 2020
2022: €-4k▲ +82.3% vs 2021highest in 4 years
2023: €-38k▼ -800% vs 2022lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2023 against €4k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €21k
Fixed assets
€20k =
Current assets
€755 ▼ 82.5%
Key figures and ratios
Solvency
-292.3%▼
2022 · -97.3%
Current ratio
0.01▼
2022 · 0.09
Debt to equity
-1.34▲
2022 · -2.03
ROA
-178.7%▼
2022 · -17.0%
Debt
€84k▲
2022 · €49k
Debt ≤ 1 year
€84k▲
2022 · €49k
Staff costs
€8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 32 lines
Balance sheet
Code20222023
Assets
Total assets20/58€25k€21k▼
Formation expenses20€504€504=
Fixed assets21/28€20k€20k=
Tangible fixed assets22/27€15k€15k=
Plant, machinery and equipment23€10k€10k=
Furniture and vehicles24€5k€5k=
Financial fixed assets28€5k€5k=
Current assets29/58€4k€755▼
Cash at bank and in hand54/58€4k€755▼
Equity and liabilities
Total equity and liabilities10/49€25k€21k▼
Equity10/15€-24k€-62k▼
Contributions10/11€18k€18k=
Profit (loss) carried forward14€-42k€-80k▼
Amounts payable17/49€49k€84k▲
Amounts payable within one year42/48€49k€84k▲
Trade debts44€861€3k▲
Suppliers440/4€861€3k▲
Taxes, remuneration and social security45€1k€1k▼
Taxes450/3€1k€588▼
Remuneration and social security454/9€259€530▲
Other amounts payable47/48€47k€79k▲
Income statement
Code20222023
Remuneration, social security and pensions62-€8k
Other operating charges640/8€549€19k▲
Gross operating margin9900€-3k€-11k▼
Operating profit (loss)9901€-4k€-38k▼
Financial charges65/66B€314€74▼
Recurring financial charges65€314€74▼
Profit (loss) for the period before taxes9903€-4k€-38k▼
Profit (loss) for the period9904€-4k€-38k▼
Profit (loss) for the period to be appropriated9905€-4k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-80k▼
Profit (loss) brought forward from the previous period14P€-38k€-42k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €11k | - | €8k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | - | - | - | - |
| Other operating charges640/8 | - | - | €549 | €19k | ▲ 3,350% |
| Gross operating margin9900 | €-12k | €-13k | €-3k | €-11k | ▼ 240% |
| Operating profit (loss)9901 | €-14k | €-24k | €-4k | €-38k | ▼ 871% |
| Recurring financial income75 | €0 | - | - | - | - |
| Financial charges65/66B | - | €203 | €314 | €74 | ▼ 76.5% |
| Recurring financial charges65 | €60 | €203 | €314 | €74 | ▼ 76.5% |
| Profit (loss) for the period before taxes9903 | €-14k | €-24k | €-4k | €-38k | ▼ 800% |
| Income taxes67/77 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €-14k | €-24k | €-4k | €-38k | ▼ 800% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €-24k | €-4k | €-38k | ▼ 800% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €26k | €29k | €25k | €21k | ▼ 14.3% |
| Formation expenses20 | €504 | €504 | €504 | €504 | = |
| Fixed assets21/28 | €20k | €20k | €20k | €20k | = |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €15k | €15k | €15k | €15k | = |
| Plant, machinery and equipment23 | - | €10k | €10k | €10k | = |
| Furniture and vehicles24 | - | €5k | €5k | €5k | = |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €6k | €9k | €4k | €755 | ▼ 82.5% |
| Stocks and contracts in progress3 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €4k | - | - | - | - |
| Current investments50/53 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €1k | €9k | €4k | €755 | ▼ 82.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €26k | €29k | €25k | €21k | ▼ 14.3% |
| Equity10/15 | €4k | €-20k | €-24k | €-62k | ▼ 157% |
| Contributions10/11 | - | €18k | €18k | €18k | = |
| Profit (loss) carried forward14 | €-14k | €-38k | €-42k | €-80k | ▼ 90.3% |
| Amounts payable17/49 | €22k | €49k | €49k | €84k | ▲ 70.4% |
| Amounts payable within one year42/48 | €22k | €49k | €49k | €84k | ▲ 70.4% |
| Trade debts44 | - | €439 | €861 | €3k | ▲ 302% |
| Suppliers440/4 | - | €439 | €861 | €3k | ▲ 302% |
| Taxes, remuneration and social security45 | - | €3k | €1k | €1k | ▼ 14.5% |
| Taxes450/3 | - | €2k | €1k | €588 | ▼ 43.9% |
| Remuneration and social security454/9 | - | €285 | €259 | €530 | ▲ 105% |
| Other amounts payable47/48 | - | €46k | €47k | €79k | ▲ 68.5% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €-24k | €-4k | €-38k | ▼ 800% |
| + Depreciation and write-downs630 | €1k | - | - | - | - |
| Operating cash flow (approximation) | €-13k | €-24k | €-4k | €-38k | ▼ 800% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €8k | €-4k | €-4k | ▲ 18.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
28-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 19-05-2026
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Mol · 1 establishment unit since 2020
Ground area
358 m²
Building footprint
204 m²
Volume, LiDAR
1,617 m³
Parcel 13434F0102/03C002, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Panic Events
since 20202.303.581.536
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F0102/03C002 | Flanders | 358 m² | 1 · 204 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | EEF STESSENS COLBURNLEI 22, 2400 MOL- eefje@vast-
advocaten.be |
19-05-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteMol2.303.581.536
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 2,535 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.