Panta Rhei
ActiveSummary
Panta Rhei has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €236k and a net result of €38k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
96
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 47.44 against 30.85 in 2024; short-term debt: 2.1% and cash: 92.1% of total assets), and 2.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
97.9%
Return on assets
16%
Age of the figures
9 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 07-07-2026, 24 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
24 d early
2024
31 d early
2023
1 d early
2022
on the day
2021
on the day
2020
31 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€236k▲ 0.5%
2024 · €235k
2018: €25k
2019: €63k
2020: €91k
2021: €129k
2022: €166k
2023: €196k
2024: €235k
2018 → 2025
Total assets
€241k▼ 0.7%
2024 · €242k
2018: €29k
2019: €69k
2020: €103k
2021: €139k
2022: €173k
2023: €203k
2024: €242k
2018 → 2025
Net result
€38k▲ 0.4%
2024 · €38k
2018: €21k
2019: €37k
2020: €28k
2021: €38k
2022: €37k
2023: €30k
2024: €38k
2018 → 2025
Working capital
€230k▼ 1.0%
2024 · €232k
2018: €25k
2019: €62k
2020: €91k
2021: €129k
2022: €166k
2023: €193k
2024: €232k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€129k-€166k▲ 28.3%€196k▲ 18.3%€235k▲ 19.5%€236k▲ 0.5%
Operating result€51k-€49k▼ 3.8%€39k▼ 21.0%€43k▲ 11.5%€47k▲ 8.0%
Net result€38k-€37k▼ 4.2%€30k▼ 16.9%€38k▲ 26.0%€38k▲ 0.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €241k
Fixed assets
€6k ▲ 146%
Current assets
€235k ▼ 2.2%
Equity and liabilities €241k
Equity
€236k ▲ 0.5%
Debt
€5k ▼ 36.4%
Debt's share of the balance-sheet total falls from 3.2% to 2.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48k▲
2024 · €44k
Cash flow
€40k▲
2024 · €39k
Current ratio
47.44▲
2024 · 30.85
Debt to equity
0.02▼
2024 · 0.03
ROE
16.3%=
2024 · 16.3%
ROA
16.0%▲
2024 · 15.8%
Interest coverage
163.88▼
2024 · 174.23
Debt ≤ 1 year
€5k▼
2024 · €8k
Income taxes
€11k▼
2024 · €11k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€242k€241k▼
Fixed assets21/28€2k€6k▲
Tangible fixed assets22/27€2k€6k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€512€5k▲
Current assets29/58€240k€235k▼
Amounts receivable within one year40/41€10k€9k▼
Other amounts receivable41€10k€9k▼
Current investments50/53€190k-
Cash at bank and in hand54/58€37k€222k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€242k€241k▼
Equity10/15€235k€236k▲
Contributions10/11€6k€6k=
Reserves13€228k€230k▲
Distributable reserves133€228k€230k▲
Amounts payable17/49€8k€5k▼
Amounts payable within one year42/48€8k€5k▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€2k€2k▼
Remuneration and social security454/9€3k-
Other amounts payable47/48-€59
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€845€1k▲
Other operating charges640/8€995€955▼
Gross operating margin9900€45k€49k▲
Operating profit (loss)9901€43k€47k▲
Financial income75/76B€6k€2k▼
Recurring financial income75€6k€2k▼
Financial charges65/66B€254€293▲
Recurring financial charges65€254€293▲
Profit (loss) for the period before taxes9903€49k€49k▼
Income taxes67/77€11k€11k▼
Profit (loss) for the period9904€38k€38k▲
Profit (loss) for the period to be appropriated9905€38k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€161k€38k▼
Profit (loss) brought forward from the previous period14P€122k-
Transfer from equity791/2-€37k
Transfer to equity691/2€161k€38k▼
To other reserves6921€161k€38k▼
Profit to be distributed694/7-€37k
Return on contributions (dividend)694-€37k
The notes to these accounts (5 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €38k ▲0.4%
Net result €38k, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €235k ▲19.5%
7 profitable years in a row build equity to €235k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €166k ▲28.3%
5 profitable years in a row build equity to €166k.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €129k ▲41.9%
4 profitable years in a row build equity to €129k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brasschaat · 1 establishment unit since 2014
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.
Hoge Akker 742930 BrasschaatGround area
560 m²
Building footprint
141 m²
Volume, LiDAR
679 m³
Parcel 11323F0160/00Y000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Panta Rhei
since 20142.236.029.548
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0160/00Y000 | Flanders | 560 m² | 1 · 140 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
INTERNATIONAL BUSINESS CONSULTANTS
BE 0423.709.658
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SOPRIMA
BE 0466.884.556
Antwerpen · Eq €235,744
UB COMMUNICATION
BE 0840.055.533
Sint-Niklaas · Eq €235,712
MAXQlabs
BE 0646.890.525
Kontich · Eq €235,701
PREPIDEC
BE 0881.366.645
Sint-Truiden · Eq €235,696
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 39,162 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.