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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
PANAFES from Frasnes-lez-Anvaing, company number BE0438869768, closed financial year 2026 with a result of € -14,676 after tax. For that financial year PANAFES recorded a gross margin of € 24,657 and equity of € -158,368. Compared with financial year 2025, the result moved from € -13,516 to € -14,676. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2026.
€ -158,368
▼ € 14,676 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,676
▼ 9 % more loss than in 2025
Profit after tax over the fiscal year.
€ 3,473
▲ 293% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -384,349.
Debts at end 2026
€ 104,767
▼ 26% vs 2025
€ 34,767 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1,987
▲ 17% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 25,365 | € 28,023 | € 25,813 | € 24,657 | ▼ 4% |
| Profit after taxes | € -14,255 | € -11,168 | € -13,516 | € -14,676 | ▼ € 1,159 |
| Equity | € -119,007 | € -130,176 | € -143,692 | € -158,368 | ▼ € 14,676 |
| Total debts | € 413,662 | € 399,598 | € 411,887 | € 373,698 | ▼ 9% |
| Cash | € 3,068 | € 4,574 | € 883 | € 3,473 | ▲ 293% |
| Land & buildings | € 282,552 | € 249,972 | € 232,946 | € 206,065 | ▼ 12% |
| Retained profit | € -344,989 | € -356,157 | € -369,673 | € -384,349 | ▼ € 14,676 |
| Bank debt | € 227,747 | € 185,277 | € 142,047 | € 104,767 | ▼ 26% |
| Balance sheet total | € 294,655 | € 269,423 | € 268,195 | € 215,330 | ▼ 20% |
Key figures of PANAFES, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to PANAFES?
What happened at PANAFES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 14,676. Source: NBB ↗
- New establishment in Frasnes-lez-Anvaing. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,255 loss in 2023 to € 14,676 loss in 2026.
Management
Behind PANAFES are Sylvie T'Kint and Nathalie T'Kindt.
Directors
According to the 2026 annual accounts
Sylvie T'Kint
Director
Nathalie T'Kindt
Managing director
Establishments
Establishment units
Physical locations of this company
Rue des Monts(SS) 16
7912 Frasnes-lez-Anvaing
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.
Details
- Company number
- 0438.869.768
- VAT number
- BE 0438.869.768
- Registered office
- Rue des Monts(SS) 16, 7912 Frasnes-lez-Anvaing
- Names & denominations
- PANAFES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 November 1989
- Peppol
- Active · Active since 20 Oct 2026