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 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PANIMEX from Sint-Martens-Latem, company number BE0428247773, closed financial year 2025 with a result of € 11 after tax. For that financial year PANIMEX recorded a gross margin of € 122,639 and equity of € 91,680. Compared with financial year 2024, the result moved from € 27,692 to € 11. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 27, 2026.
€ 91,680
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11
▼ € 27,681 vs 2024
Profit after tax over the fiscal year.
€ 22,973
▼ 88% 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 € 29,680.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 1.6 million
▲ 88% vs 2024
€ 83,844 is repaid this year. At this pace the long-term loan is gone in ≈ 19 years.
€ 76,172
▲ 73% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 47,257 | € 35,624 | € 101,103 | € 122,639 | ▲ 21% |
| Profit after taxes | € 22,646 | € -2,878 | € 27,692 | € 11 | ▼ € 27,681 |
| Equity | € 66,854 | € 63,977 | € 91,669 | € 91,680 | |
| Total debts | € 547,306 | € 548,150 | € 1,055,279 | € 1,687,246 | ▲ 60% |
| Cash | € 11,514 | € 22,024 | € 198,603 | € 22,973 | ▼ 88% |
| Land & buildings | € 602,646 | € 587,580 | € 930,931 | € 1,735,253 | ▲ 86% |
| Retained profit | € 4,854 | € 1,977 | € 29,669 | € 29,680 | |
| Bank debt | € 270,000 | € 270,000 | € 829,002 | € 1,555,897 | ▲ 88% |
| Balance sheet total | € 614,160 | € 612,126 | € 1,146,948 | € 1,778,925 | ▲ 55% |
Key figures of PANIMEX, 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 PANIMEX?
What happened at PANIMEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Emely Christiaens stepped down as director. NBB
- Guillaume Dumarey stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 11 (▼ € 27,681 vs 2024). Source: NBB ↗
- Emely Christiaens became a director. NBB
- Guillaume Dumarey became a director. NBB
- New establishment in Nazareth-De Pinte. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,646 profit in 2022 to € 11 profit in 2025.
Best year ever: 2024, with € 27,692 profit.
A new publication or filing at PANIMEX? We notify you, reason included.
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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 forty9 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PANIMEXThe shares are held by forty9 (100%).
Directors
According to the 2025 annual accounts
Emely Christiaens
Director
Also active at: EDELWEISS ANNO 2015, forty9, BANDEN LATEM, Heinz Performance
since 2020 · until 2026
Guillaume Dumarey
Director
Also active at: PXP, GML ESTATE, GLOBAL SOURCE TRADING, EDELWEISS ANNO 2015, KRUGERBRUG, AGRi Management, forty9, Dammepark construct +5 more
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Broekstraat 12
9831 Sint-Martens-Latem
Tulpenstraat 7
9810 Nazareth-De Pinte
Active since 30 April 1986
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Details
- Company number
- 0428.247.773
- VAT number
- BE 0428.247.773
- Registered office
- Broekstraat 12, 9831 Sint-Martens-Latem
- Names & denominations
- PANIMEX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 1985
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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