Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Pan American from Evergem, company number BE0442899327, closed financial year 2025 with a result of € 119,111 after tax. For that financial year Pan American recorded a gross margin of € 131,300 and equity of € -283,126. Compared with financial year 2024, the result moved from € -9,921 to € 119,111. Profitable, and profit is growing. 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 15, 2026.
€ -283,126
▲ € 119,111 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 119,111
▲ still € 9,921 loss in 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -357,494.
Debts at end 2025
€ 43,370
▼ 10% vs 2024
Loans from banks and other lenders, long and short.
€ 12,249
▼ 97% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,457
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 | € -3,665 | € -2,282 | € -2,613 | € 131,300 | ▲ € 133,913 |
| Profit after taxes | € -13,204 | € -9,385 | € -9,921 | € 119,111 | ▲ € 129,033 |
| Equity | € -382,930 | € -392,316 | € -402,237 | € -283,126 | ▲ € 119,111 |
| Total debts | € 419,109 | € 400,795 | € 405,321 | € 837,980 | ▲ 107% |
| Retained profit | € -457,298 | € -466,684 | € -476,605 | € -357,494 | ▲ € 119,111 |
| Bank debt | € 46,560 | € 48,714 | € 48,445 | € 43,370 | ▼ 10% |
| Balance sheet total | € 36,179 | € 8,479 | € 3,084 | € 554,855 | ▲ € 551,771 |
Key figures of Pan American, 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 Pan American?
What happened at Pan American in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 119,111. filed late Source: NBB ↗
- Olivier Louvrier became a director. NBB
- New establishment in Evergem. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,204 loss in 2022 to € 119,111 profit in 2025.
Best year ever: 2025, with € 119,111 profit.
Management
Behind Pan American is Olivier Louvrier. Olivier Louvrier is also behind CONTEXT, American Clothing Associates, SOMAX, TWEEDS & COTTONS and RW ZOUTE.
Directors
According to the 2025 annual accounts
Olivier Louvrier
Director
Also active at: CONTEXT, American Clothing Associates, SOMAX, TWEEDS & COTTONS, RW ZOUTE, PLASTIPHARM, AMERICAN CLOTHING DISTRIBUTION, IP MANAGEMENT & CONSULTING +4 more
since 2021
Establishments
Establishment units
Physical locations of this company
Noorwegenstraat 17
9940 Evergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →CONTEXT same network
€ 648,350 gross margin · 2025
ESCAPE
€ 19,766 gross margin · 2022
American Clothing Associates same network
€ 96,565 revenue · 2026
SOMAX same network
€ -6,254 gross margin · 2026
RW ZOUTE same network
€ -7,866 gross margin · 2026
+4 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
- 0442.899.327
- VAT number
- BE 0442.899.327
- Registered office
- Noorwegenstraat 17, 9940 Evergem
- Names & denominations
- Pan American
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 1991
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
Activiteiten van hoofdkantoren
Overige zakelijke dienstverlening, neg
Handelsbemiddeling in de groothandel in hout en bouwmaterialen
Groothandel in hout
Groothandel in kledingaccessoires