Financials
Financial year 2025
PANO from Niel, company number BE0426891852, closed financial year 2025 with a result of € 72,258 after tax. For that financial year PANO recorded a gross margin of € 147,594 and equity of € 520,285. Compared with financial year 2024, the result moved from € 28,270 to € 72,258. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 15, 2026.
€ 520,285
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 72,258
▲ 156% vs 2024
Profit after tax over the fiscal year.
€ 166,926
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 26,774 paid out
37 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 1,042
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 25,374
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,766
▲ 64% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 55,864 | € 298,507 | € 80,317 | € 147,594 | ▲ 84% |
| Profit after taxes | € 7,459 | € 169,306 | € 28,270 | € 72,258 | ▲ 156% |
| Equity | € 302,225 | € 446,531 | € 474,801 | € 520,285 | ▲ 10% |
| Total debts | € 220,869 | € 192,976 | € 134,109 | € 152,959 | ▲ 14% |
| Cash | € 77,017 | € 296,544 | € 260,119 | € 166,926 | ▼ 36% |
| Land & buildings | € 17,589 | € 14,071 | € 10,553 | € 7,036 | ▼ 33% |
| Retained profit | € 277,436 | € 421,742 | € 450,012 | € 495,496 | ▲ 10% |
| Dividend | € 0 | € 25,000 | € 0 | € 26,774 | |
| Bank debt | € 82,852 | € 7,111 | € 1,778 | € 0 | ▼ 100% |
| Balance sheet total | € 523,094 | € 639,507 | € 608,910 | € 673,244 | ▲ 11% |
Key figures of PANO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to PANO?
What happened at PANO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 72,258 (▲ 156% vs 2024). Source: NBB ↗
- Kurt Maes became a director. NBB
- Patrick De Smet became a director. NBB
- New establishment in Niel. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,459 profit in 2022 to € 72,258 profit in 2025.
Paid € 105,987 in corporate taxes since 2022.
Best year ever: 2023, with € 169,306 profit.
Paid out € 51,774 in dividends to the owners in total.
Management
Behind PANO are Kurt Maes and Patrick De Smet.
Directors
According to the 2025 annual accounts
Kurt Maes
Director
since 1999
Patrick De Smet
Director
since 1999
Establishments
Establishment units
Physical locations of this company
Matenstraat 210
2845 Niel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
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Vereniging van Mede-eigenaars van het gebouw KMO Kapittel lot 2 Matenstraat 210 te Niel
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.891.852
- VAT number
- BE 0426.891.852
- Registered office
- Matenstraat 210, 2845 Niel
- Names & denominations
- PANO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 March 1985
- Peppol
- Active · Active since 18 Nov 2025
- Activities · NACE
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