Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PANNOC CHEMIE from Olen, company number BE0418262812, closed financial year 2025 with a result of € 163,679 after tax. For that financial year PANNOC CHEMIE recorded revenue of € 3.4 million and equity of € 409,659. Compared with financial year 2024, the result moved from € 101,907 to € 163,679. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 10, 2026.
€ 409,659
▲ 67% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 163,679
▲ 61% vs 2024
Profit after tax over the fiscal year.
€ 262,687
▲ 236% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 254,659.
People and assets in 2025
14.8
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 11% vs 2024
€ 69,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 10,918
▲ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.4 million
€ 180,012 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 266,301
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 49 days on average.
€ 223,835
▲ 16% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 3,103,140 | € 3,408,942 | ▲ 10% |
| Gross margin | € 1,189,570 | € 1,317,612 | - | - | |
| Profit after taxes | € 25,102 | € 51,244 | € 101,907 | € 163,679 | ▲ 61% |
| Equity | € 93,181 | € 144,249 | € 245,981 | € 409,659 | ▲ 67% |
| Total debts | € 2,630,275 | € 2,378,596 | € 2,038,582 | € 1,905,357 | ▼ 7% |
| Cash | € 45,233 | € 112,468 | € 78,264 | € 262,687 | ▲ 236% |
| Land & buildings | € 958,454 | € 889,009 | € 826,236 | € 757,153 | ▼ 8% |
| Retained profit | € -62,170 | € -10,926 | € 90,981 | € 254,659 | ▲ 180% |
| Bank debt | € 1,614,780 | € 1,452,533 | € 1,413,741 | € 1,415,220 | |
| Balance sheet total | € 2,723,637 | € 2,522,936 | € 2,284,563 | € 2,315,016 | ▲ 1% |
| Employees (FTE) | 14.1 | 13.9 | 13.7 | 14.8 | ▲ 1.1 |
Key figures of PANNOC CHEMIE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PANNOC CHEMIE?
What happened at PANNOC CHEMIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PIMG SRL stepped down as director. NBB
- Tlys CommV stepped down as director. NBB
- Alexo SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 163,679 (▲ 61% vs 2024). Source: NBB ↗
- Procuram BV stepped down as director. NBB
- PIMG SRL became a director. NBB
- Tlys CommV became a director. NBB
- Alexo SRL became a director. NBB
In short
From € 25,102 profit in 2022 to € 163,679 profit in 2025.
Paid € 26,643 in corporate taxes since 2022.
Best year ever: 2025, with € 163,679 profit.
On average € 94,800 of value added per employee in 2023.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ACE PHARMACEUTICALS BELGIUM, FEBELCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PANNOC CHEMIEThe shares are held by ACE PHARMACEUTICALS BELGIUM (51%) and FEBELCO (49%).
Directors
According to the 2025 annual accounts
bestuurder · represented by Pierre Sohet
since 2023 · until 2029
Managing director · represented by Tieme Leyseele
Also active at: PHARMA CHEMICALS, Pharmentum, ACE PHARMACEUTICALS BELGIUM, Pharma Chemicals France, PHARMA CHEMICALS NEDERLAND
since 2023 · until 2029
bestuurder · represented by Olivier Delaere
Also active at: SDC, HC Pharma, SODIAP, APOTHEEK JENNE, Apotheek de Lisseweg, Apotheek Seurinck, APOTHEEK SCARPHOUT, C.E. FARMA +34 more
since 2023 · until 2029
bestuurder · represented by Michaël Hillaert
Also active at: PHARMA CHEMICALS, Pharmentum, Pharma Chemicals France
since 2023 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Lammerdries-Oost 23
2250 Olen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
pannoc.eu
Registrar
Combell NV
Website info
Features
Security
Network
Details
- Company number
- 0418.262.812
- VAT number
- BE 0418.262.812
- Registered office
- Lammerdries-Oost 23, 2250 Olen
- Names & denominations
- PANNOC CHEMIE · PANNOC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 May 1978
- Peppol
- Active · Active since 19 Jun 2025
- Contact
- pannoc.eu
- Activities · NACE
Vervaardiging van geneesmiddelen
Groothandel in parfumerieën en cosmetica
Groothandel in farmaceutische en medische artikelen
Groothandel in farmaceutische producten