Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
48 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LE PANACHE from Etterbeek, company number BE0430003176, closed financial year 2025 with a result of € -16,060 after tax. For that financial year LE PANACHE recorded a gross margin of € -5,071 and equity of € 461. Compared with financial year 2024, the result moved from € -1,177 to € -16,060. The company made a loss. The buffer shrank hard: equity is 97 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 25, 2026.
€ 461
▼ 97% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,060
▼ 1265 % more loss than in 2024
Profit after tax over the fiscal year.
€ 869
▲ 107% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -119,539.
People and assets in 2025
€ 22,516
▼ 26% 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.
€ 3,546
▼ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,628 | € 12,840 | € 8,622 | € -5,071 | ▼ € 13,693 |
| Profit after taxes | € -1,602 | € 5,811 | € -1,177 | € -16,060 | ▼ € 14,884 |
| Equity | € 11,887 | € 17,699 | € 16,522 | € 461 | ▼ 97% |
| Total debts | € 81,043 | € 99,405 | € 103,606 | € 123,300 | ▲ 19% |
| Cash | € 3,778 | € 961 | € 419 | € 869 | ▲ 107% |
| Retained profit | € -108,113 | € -102,301 | € -103,478 | € -119,539 | ▼ € 16,060 |
| Balance sheet total | € 92,930 | € 117,104 | € 120,128 | € 123,762 | ▲ 3% |
Key figures of LE PANACHE, 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 LE PANACHE?
What happened at LE PANACHE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 16,060. filed late Source: NBB ↗
- Valérie STEVENS stepped down as director. NBB
- Valérie STEVENS became a director. NBB
- Vincent THIRION became a director. NBB
- Gérald LEMERCINIER became a director. NBB
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,602 loss in 2022 to € 16,060 loss in 2025.
Paid € 802 in corporate taxes since 2022.
Best year ever: 2023, with € 5,811 profit.
Management
Behind LE PANACHE are Gérald LEMERCINIER, Vincent THIRION and Dorina GALLINA. Gérald LEMERCINIER is also behind BUREAU DE GESTION ET DE CONSULTANCE COMPTABLE ET FISCALE, POLYGONES CONCEPTION, ARPEC, SO WHAT CONSULTING and LAMARSA-TECH BELGIUM. Dorina GALLINA is also behind SO WHAT CONSULTING, LAMARSA-TECH BELGIUM, AFIMOSA and LOCA 24.
Directors
According to the 2025 annual accounts
Gérald LEMERCINIER
Director
Also active at: BUREAU DE GESTION ET DE CONSULTANCE COMPTABLE ET FISCALE, POLYGONES CONCEPTION, ARPEC, SO WHAT CONSULTING, LAMARSA-TECH BELGIUM, AFIMOSA, DG SOLUTION, ALIBI INVEST +1 more
since 1996
Vincent THIRION
Director
since 2022
Valérie STEVENS
Director
since 2023 · until 2025
Establishments
Establishment units
Physical locations of this company
Sint-Pieterssteenweg 387
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 48 companies are registered at this address.
All companies at this address →Garage Taelman
€ -7,175 gross margin · 2025
RENOVER
€ 617,843 gross margin · 2025
Inter Service Agencies
€ 244,430 gross margin · 2025
C + C Folon
€ -24,270 gross margin · 2025
DURABEL
€ -5,531 gross margin · 2022
+43 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
- 0430.003.176
- VAT number
- BE 0430.003.176
- Registered office
- Sint-Pieterssteenweg 387, 1040 Etterbeek
- Names & denominations
- LE PANACHE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 1986
- Peppol
- Active · Active since 3 Nov 2025
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Restaurants van het traditionele type
Eetgelegenheden met volledige bediening
Cafés en bars
Cafés