Financials
Financial year 2025
PANISTAR from Andenne, company number BE0446958677, closed financial year 2025 with a result of € 291,340 after tax. For that financial year PANISTAR recorded a gross margin of € 2.1 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 520,343 to € 291,340. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 1.5 million
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 291,340
▼ 44% vs 2024
Profit after tax over the fiscal year.
€ 227,539
▼ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 725,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
24.7
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▲ 9% vs 2024
€ 59,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 300,921
▼ 14% vs 2024
Of which on lease € 267,637.
Debts at end 2025
€ 328,831
▲ 15% vs 2024
€ 109,855 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 348,545
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 184,562
▼ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,542,361 | € 5,227,534 | - | - | |
| Gross margin | € 1,692,879 | € 2,250,587 | € 2,256,559 | € 2,060,013 | ▼ 9% |
| Profit after taxes | € 420,287 | € 706,278 | € 520,343 | € 291,340 | ▼ 44% |
| Equity | € 2,000,275 | € 1,952,179 | € 1,963,254 | € 1,521,655 | ▼ 22% |
| Total debts | € 1,238,902 | € 1,931,025 | € 1,382,497 | € 1,623,096 | ▲ 17% |
| Cash | € 224,853 | € 585,584 | € 762,434 | € 227,539 | ▼ 70% |
| Retained profit | € 1,854,134 | € 1,821,807 | € 1,842,150 | € 1,408,490 | ▼ 24% |
| Dividend | € 150,000 | € 745,000 | € 500,000 | € 725,000 | ▲ 45% |
| Bank debt | € 666,883 | € 426,316 | € 285,028 | € 328,831 | ▲ 15% |
| Balance sheet total | € 3,239,177 | € 3,883,204 | € 3,345,751 | € 3,144,750 | ▼ 6% |
| Employees (FTE) | 20.6 | 17.9 | 23.7 | 24.7 | ▲ 1 |
Key figures of PANISTAR, 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 PANISTAR?
What happened at PANISTAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Espejo stepped down as director. NBB
- Estornudo stepped down as director. NBB
- Gwalpe stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 291,340 (▼ 44% vs 2024). Source: NBB ↗
- Espejo became a director. NBB
- Estornudo became a director. NBB
- Gwalpe became a director. NBB
- New establishment in Andenne. KBO
In short
From € 420,287 profit in 2022 to € 291,340 profit in 2025.
Paid € 582,754 in corporate taxes since 2022.
Best year ever: 2023, with € 706,278 profit.
On average € 83,400 of value added per employee in 2025.
Management
The stake of PATISSERIE ALSACIENNE BLOCH comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PANISTARThe shares are held by PATISSERIE ALSACIENNE BLOCH (100%).
Directors
According to the 2025 annual accounts
Director · represented by Filip De Spiegeleire
Also active at: LABORATORIA QUALIPHAR, Leopold Van de Casserie, CULINOR, Culinor Food Group, LOGIVEST, PRESTIGE BREAKFAST
since 2024 · until 2029
Director · represented by Werner Nies
Also active at: PATISSERIE ALSACIENNE BLOCH, COVIFOOD, Tasty Food Factory, PRESTIGE BREAKFAST
since 2024 · until 2029
since 2024 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Sous Meuse 17 box A
5300 Andenne
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
VERIXI, BE
DNS
OVH DNS
Domain
Domain
panistar.com
Registered
2003-01-28
Registrar
OVH sas
Expires
2027-01-28
Website info
Features
Security
Details
- Company number
- 0446.958.677
- VAT number
- BE 0446.958.677
- Registered office
- Rue Sous Meuse 17 bus A, 5300 Andenne
- Names & denominations
- PANISTAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 1992
- Peppol
- Active · Active since 19 Dec 2025
- Contact
- panistar.com
- Activities · NACE
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk
Artisanale brood- en banketbakkerijen
Industriële bakkerijen
Industriële vervaardiging van brood en van vers banketbakkerswerk