Age2 yrs
Real estate1 parcel · 148 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Panimas is 1.8% (moderate). The 2025 annual accounts show equity of €38k and a net result of €34k. Its solvency ranks better than 27% of 480 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.8%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 30-09. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-09-2025 | 30-04-2026 | 26-03-2026 | 35 d early | 2026-00062927 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsYoung company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€34k
Working capital€-190k
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 26-03-2026 with the NBB · fiscal year 2025 · verkort
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 7.3% | 21.2% | |
| Net result | €34k | €32k | |
| Equity | €38k | €163k | |
| Gross operating margin | €276k | €281k | |
| Staff costs | €166k | €211k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €109k |
| Net profit | €34k |
| Cash flow | €93k |
| Staff costs | €166k |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €524k |
| Equity | €38k |
| Debt | €485k |
| of which ≤ 1y | €263k |
| of which > 1y | €222k |
| Working capital | €-190k |
| Employees (FTE) | 3.4 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.28 |
| Quick ratio | 0.26 |
| Working capital ratio | -36.3% |
| Solvency | 7.3% |
| Debt / equity | 12.68 |
| Long-term debt ratio | 5.80 |
| Interest coverage | 8.47 |
| Gross margin | - |
| Net margin | - |
| ROA | 6.5% |
| ROE | 89.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €524k |
| Fixed assets | 21/28 | €450k |
| Intangible fixed assets | 21 | €2k |
| Tangible fixed assets | 22/27 | €447k |
| Financial fixed assets | 28 | €777 |
| Current assets | 29/58 | €73k |
| Stocks & contracts in progress | 3 | €6k |
| Amounts receivable within one year | 40/41 | €8k |
| Cash & bank | 54/58 | €58k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €524k |
| Equity | 10/15 | €38k |
| Contributions / capital | 10/11 | €4k |
| Reserves | 13 | €34k |
| Amounts payable | 17/49 | €485k |
| Amounts payable after one year | 17 | €222k |
| Amounts payable within one year | 42/48 | €263k |
| Trade debts payable within one year | 44 | €75k |
| Income statement | ||
| Gross operating margin | 9900 | €276k |
| Operating result | 9901 | €50k |
| Financial income | 75 | €95 |
| Financial charges | 65 | €13k |
| Result before taxes | 9903 | €37k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €34k |
| Result to be appropriated | 9905 | €34k |
Ratios computed by Checked.
Health barometer
FY 2025 · computed43
/ 100
Weak
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationWolterslaan 132, 9000 Gent
since 20232.352.181.506
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area148 m²
Buildings1
Building footprint148 m²
Volume (LiDAR)970 m³
Tallest building13.2 m · ±1 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.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44811L0012/00F005 | Flanders | 148 m² | 1 · 148 m² | 13.2 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgian State Gazette · acts
0 of 1 acts readWe know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.
Analysis
Financial profile
4 of 5 axes measured54
/ 100
Mixed profile: strong on profitability, weaker on solvency.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
43
Profitability
100
Solvency
5
Growth
-
Stability
67
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 388 of the 3,037 companies in this sector. 332 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Detailhandel in vlees en vleesproducten in gespecialiseerde winkels, m.u.v. vlees van wild en van gevogelte47221Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte47221Detailhandel in groenten en fruit in gespecialiseerde winkels47210Detailhandel in groenten en fruit47210Detailhandel in vlees van wild en van gevogelte in gespecialiseerde winkels47222Detailhandel in vlees van wild en van gevogelte47222Detailhandel in zuivelproducten en eieren47271Detailhandel in zuivelproducten en eieren in gespecialiseerde winkels47291Catering56210Catering van evenementen56210Verhuur en lease van vaat- en glaswerk, keuken- en tafelgerei, elektrische huishoudapparaten en andere huishoudelijke benodigdheden77223Verhuur en lease van vaat- en glaswerk, keuken- en tafelgerei, elektrische huishoudapparaten en andere huishoudelijke benodigdheden77293
Primary activity highlighted.
Names & trade names
| Legal nameNL | Panimas |
Registered office
Wolterslaan 132
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.