PANTHEON - VASTGOED
ActiveSummary
PANTHEON - VASTGOED has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €58k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 60% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+4
Solvency69▲+30
Growth70▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.06 against 0.07 in 2024; short-term debt: 19.6% and cash: 34.5% of total assets), but 56.1% 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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
43.9%
Return on assets
33.9%
Age of the figures
9 mo
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 25-07-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
57 d early
2023
9 d early
2022
16 d early
2021
4 d early
2020
17 d early
2019
2 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, abbreviated schema
Turnover
€223k▲ 26.0%
2024 · €177k
2018: €143k
2019: €140k
2020: €113k
2021: €188k
2022: €191k
2023: €158k
2024: €177k
2018 → 2025
EBIT margin
25.8%▲ 12.4pp
2024 · 13.4%
2018: 18.3%
2019: -13.0%
2020: -15.4%
2021: -1.8%
2022: 2.5%
2023: 11.4%
2024: 13.4%
2018 → 2025
Net result
€58k▲ 139%
2024 · €24k
2018: €26k
2019: €-18k
2020: €-17k
2021: €-4k
2022: €5k
2023: €17k
2024: €24k
2018 → 2025
Working capital
€35k
2024 · €-96k
2018: €-69k
2019: €-76k
2020: €-123k
2021: €-152k
2022: €-143k
2023: €-120k
2024: €-96k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€188k-€191k▲ 1.7%€158k▼ 17.1%€177k▲ 12.0%€223k▲ 26.0%
Equity€-29k-€-24k▲ 15.9%€-7k▲ 70.8%€17k€74k▲ 340%
Operating result€-3k-€5k€18k▲ 285%€24k▲ 31.8%€58k▲ 143%
Net result€-4k-€5k€17k▲ 276%€24k▲ 39.0%€58k▲ 139%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 143% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€101k ▼ 10.2%
Current assets
€68k ▲ 854%
Equity and liabilities €170k
Equity
€74k ▲ 340%
Debt
€95k ▼ 7.5%
Debt's share of the balance-sheet total falls from 85.9% to 56.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70k▲
2024 · €37k
Cash flow
€70k▲
2024 · €37k
Current ratio
2.06▲
2024 · 0.07
Debt to equity
1.28▼
2024 · 6.08
ROE
77.3%▼
2024 · 142.1%
ROA
33.9%▲
2024 · 20.1%
Interest coverage
248.72▲
2024 · 237.12
Debt ≤ 1 year
€33k▼
2024 · €103k
Debt > 1 year
€62k
Staff costs
€53k▲
2024 · €44k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€120k€170k▲
Fixed assets21/28€113k€101k▼
Tangible fixed assets22/27€112k€101k▼
Land and buildings22€89k€83k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€15k€11k▼
Financial fixed assets28€185€185=
Current assets29/58€7k€68k▲
Amounts receivable within one year40/41€4k€6k▲
Trade receivables40€995€3k▲
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€3k€59k▲
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€120k€170k▲
Equity10/15€17k€74k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€8k€65k▲
Amounts payable17/49€103k€95k▼
Amounts payable after more than one year17-€62k
Advances received on contracts in progress176-€62k
Amounts payable within one year42/48€103k€33k▼
Trade debts44€7k€22k▲
Suppliers440/4€7k€22k▲
Taxes, remuneration and social security45€12k€12k▼
Remuneration and social security454/9€12k€12k▼
Other amounts payable47/48€84k-
Income statement
Code20242025
Turnover70€177k€223k▲
Goods, raw materials, services and sundry goods60/61€95k€99k▲
Remuneration, social security and pensions62€44k€53k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€82k€124k▲
Operating profit (loss)9901€24k€58k▲
Financial income75/76B€426€135▼
Recurring financial income75€426€135▼
Non-recurring financial income76B€426€135▼
Financial charges65/66B€155€281▲
Recurring financial charges65€155€281▲
Profit (loss) for the period before taxes9903€24k€58k▲
Profit (loss) for the period9904€24k€58k▲
Profit (loss) for the period to be appropriated9905€24k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€65k▲
Profit (loss) brought forward from the previous period14P€-16k€8k▲
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
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €58k ▲139%
Operating result €58k, net result €58k, both a record.
31-12
Financial
Liquidity times 30current ratio 2.06
Current ratio from 0.07 to 2.06; short-term debt falls from €103k to €33k.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-18k ▼170%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 147 days late
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, Haaltert · 1 establishment unit since 2021
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.
Hoogstraat(HA) 59450 HaaltertGround area
369 m²
Building footprint
157 m²
Parcel 41024B0697/00X000, Flanders. Linked by address, not a title deed.
1 establishment unit
Pantheon - vastgoed
since 20212.317.573.191
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41024B0697/00X000 | Flanders | 369 m² | 1 · 157 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 291 EUR awarded · 291 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 99 EUR | 99 EUR |
| 2024 | 1 | 138 EUR | 138 EUR |
| 2022 | 1 | 54 EUR | 54 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 5,100 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
Founded08-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.