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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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
T.M.C. - G.R. PANNEKOUCKE from Ieper, company number BE0446146550, closed financial year 2025 with a result of € 15,616 after tax. For that financial year T.M.C. - G.R. PANNEKOUCKE recorded a gross margin of € 147,940 and equity of € 277,968. Compared with financial year 2024, the result moved from € 14,864 to € 15,616. Profitable, and profit is growing. 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 April 30, 2026.
€ 277,968
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 15,616
▲ 5% vs 2024
Profit after tax over the fiscal year.
€ 1,347
▲ € 1,261 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 € 159,368.
Debts at end 2025
€ 1.3 million
▼ 8% vs 2024
€ 106,754 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 25,074
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,166
▲ 73% 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 | € 107,551 | € 128,606 | € 151,762 | € 147,940 | ▼ 3% |
| Profit after taxes | € 23,147 | € 60,128 | € 14,864 | € 15,616 | ▲ 5% |
| Equity | € 187,360 | € 247,488 | € 262,351 | € 277,968 | ▲ 6% |
| Total debts | € 1,036,555 | € 1,911,841 | € 1,852,987 | € 1,784,194 | ▼ 4% |
| Cash | € 438 | € 2,934 | € 87 | € 1,347 | ▲ € 1,261 |
| Land & buildings | € 885,811 | € 1,762,021 | € 1,706,304 | € 1,650,588 | ▼ 3% |
| Retained profit | € 68,760 | € 128,888 | € 143,751 | € 159,368 | ▲ 11% |
| Bank debt | € 822,041 | € 1,552,177 | € 1,461,556 | € 1,341,607 | ▼ 8% |
| Balance sheet total | € 1,223,915 | € 2,159,328 | € 2,115,338 | € 2,062,162 | ▼ 3% |
Key figures of T.M.C. - G.R. PANNEKOUCKE, 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 T.M.C. - G.R. PANNEKOUCKE?
What happened at T.M.C. - G.R. PANNEKOUCKE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 15,616 (▲ 5% vs 2024). Source: NBB ↗
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 23,147 profit in 2022 to € 15,616 profit in 2025.
Paid € 24,182 in corporate taxes since 2022.
Best year ever: 2023, with € 60,128 profit.
Management
Behind T.M.C. - G.R. PANNEKOUCKE is Ramses Pannekoucke. It owns 100% of TMC Robotics and 98.4% of T.M.C. MACHINES itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Paddevijverstraat 57
8900 Ieper
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0446.146.550
- VAT number
- BE 0446.146.550
- Registered office
- Paddevijverstraat 57, 8900 Ieper
- Names & denominations
- T.M.C. - G.R. PANNEKOUCKE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 1991
- Peppol
- Active · Active since 1 Jan 2026
- Activities · NACE
Handel in eigen onroerend goed
Activiteiten van holdings
Holdings