What does Panelflex do?

Panelflex is a specialised building contractor in Kuurne. Public Limited, started on 2 April 1992, 1 establishment.

What is the address of Panelflex?

The registered office of Panelflex is located at Noordlaan 5, 8520 Kuurne.

Is Panelflex still active?

Yes. According to the CBE (29 October 2026) Panelflex is active, legal situation “Normale toestand”, started on 2 April 1992.

Is Panelflex registered on Peppol?

Yes, Panelflex is registered on the Peppol network with ID 0208:0447094774.

What is the enterprise number of Panelflex?

The enterprise number of Panelflex is BE0447094774.

When was Panelflex founded?

Panelflex was founded on 2 April 1992.

Who are the directors of Panelflex?

According to the 2025 annual accounts, the directors of Panelflex are: Sarah Bonte, VILESK BV, Klaas Buyck.

Is Panelflex a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 2 April 1992; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did Panelflex make in 2025?

Panelflex posted a profit after taxes of € 169,074 in financial year 2025.

What is the revenue of Panelflex?

As a small company, Panelflex is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,492,311.

How much does an employee at Panelflex earn?

The average wage cost per full-time employee at Panelflex was € 65,900 in 2025: staff costs of € 987,898 for 15 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Panelflex have?

According to the 2025 annual accounts, Panelflex has 15 full-time equivalents (FTE).

Panelflex (Public Limited) - Kuurne - BE0447094774

Dossier Panelflex, printed on 29 October 2026 from databakkes.be/en/0447094774/panelflex. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Panelflex from Kuurne, company number BE0447094774, closed financial year 2025 with a result of € 169,074 after tax. For that financial year Panelflex recorded a gross margin of € 1.5 million and equity of € 2.6 million. Compared with financial year 2024, the result moved from € 143,804 to € 169,074. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.

What it is worth Growing

€ 2.6 million

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 169,074

▲ 18% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 779,196

▲ 61% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 2.5 million.

People and assets in 2025

Full-time equivalents

▼ 0.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 987,898

▲ 2% vs 2024

€ 65,900 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.

Vehicles and equipment

€ 236,193

▲ 45% vs 2024

Of which on lease € 72,067.

Debts at end 2025

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.3 million

▼ 11% vs 2024

€ 230,528 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 362,833

▲ 10% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 190,036

▲ 67% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,426,392 Gross margin 2022: € 1,426,392 First fiscal year in the series	€ 1,306,593 Gross margin 2023: € 1,306,593 ▼ 8% vs 2022 (€ 1,426,392) Unfavourable step	€ 1,472,801 Gross margin 2024: € 1,472,801 ▲ 13% vs 2023 (€ 1,306,593) Favourable step	€ 1,492,311 Gross margin 2025: € 1,492,311 ▲ 1% vs 2024 (€ 1,472,801) Favourable step	▲ 1%
Profit after taxes	€ 160,375 Profit after taxes 2022: € 160,375 First fiscal year in the series	€ 118,200 Profit after taxes 2023: € 118,200 ▼ 26% vs 2022 (€ 160,375) Unfavourable step	€ 143,804 Profit after taxes 2024: € 143,804 ▲ 22% vs 2023 (€ 118,200) Favourable step	€ 169,074 Profit after taxes 2025: € 169,074 ▲ 18% vs 2024 (€ 143,804) Favourable step	▲ 18%
Equity	€ 2,959,705 Equity 2022: € 2,959,705 First fiscal year in the series	€ 2,947,906 Equity 2023: € 2,947,906 Unchanged (€ 2,959,705) Unfavourable step	€ 2,441,710 Equity 2024: € 2,441,710 ▼ 17% vs 2023 (€ 2,947,906) Unfavourable step	€ 2,550,761 Equity 2025: € 2,550,761 ▲ 4% vs 2024 (€ 2,441,710) Favourable step	▲ 4%
Total debts	€ 3,243,576 Total debts 2022: € 3,243,576 First fiscal year in the series	€ 3,001,439 Total debts 2023: € 3,001,439 ▼ 7% vs 2022 (€ 3,243,576) Favourable step	€ 3,095,319 Total debts 2024: € 3,095,319 ▲ 3% vs 2023 (€ 3,001,439) Unfavourable step	€ 2,756,851 Total debts 2025: € 2,756,851 ▼ 11% vs 2024 (€ 3,095,319) Favourable step	▼ 11%
Cash	€ 484,537 Cash 2022: € 484,537 First fiscal year in the series	€ 646,927 Cash 2023: € 646,927 ▲ 34% vs 2022 (€ 484,537) Favourable step	€ 482,806 Cash 2024: € 482,806 ▼ 25% vs 2023 (€ 646,927) Unfavourable step	€ 779,196 Cash 2025: € 779,196 ▲ 61% vs 2024 (€ 482,806) Favourable step	▲ 61%
Land & buildings	€ 3,530,802 Land & buildings 2022: € 3,530,802 First fiscal year in the series	€ 3,363,647 Land & buildings 2023: € 3,363,647 ▼ 5% vs 2022 (€ 3,530,802) Unchanged	€ 3,205,592 Land & buildings 2024: € 3,205,592 ▼ 5% vs 2023 (€ 3,363,647) Unchanged	€ 3,020,842 Land & buildings 2025: € 3,020,842 ▼ 6% vs 2024 (€ 3,205,592) Unchanged	▼ 6%
Retained profit	€ 2,779,705 Retained profit 2022: € 2,779,705 First fiscal year in the series	€ 2,767,906 Retained profit 2023: € 2,767,906 Unchanged (€ 2,779,705) Unfavourable step	€ 2,261,710 Retained profit 2024: € 2,261,710 ▼ 18% vs 2023 (€ 2,767,906) Unfavourable step	€ 2,489,261 Retained profit 2025: € 2,489,261 ▲ 10% vs 2024 (€ 2,261,710) Favourable step	▲ 10%
Dividend	€ 230,000 Dividend 2022: € 230,000 First fiscal year in the series	€ 130,000 Dividend 2023: € 130,000 ▼ 43% vs 2022 (€ 230,000) Unchanged	€ 650,000 Dividend 2024: € 650,000 ▲ € 520,000 vs 2023 (€ 130,000) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 650,000) Unchanged	▼ 100%
Bank debt	€ 1,691,363 Bank debt 2022: € 1,691,363 First fiscal year in the series	€ 1,636,685 Bank debt 2023: € 1,636,685 ▼ 3% vs 2022 (€ 1,691,363) Favourable step	€ 1,470,242 Bank debt 2024: € 1,470,242 ▼ 10% vs 2023 (€ 1,636,685) Favourable step	€ 1,308,025 Bank debt 2025: € 1,308,025 ▼ 11% vs 2024 (€ 1,470,242) Favourable step	▼ 11%
Balance sheet total	€ 6,575,864 Balance sheet total 2022: € 6,575,864 First fiscal year in the series	€ 6,282,903 Balance sheet total 2023: € 6,282,903 ▼ 4% vs 2022 (€ 6,575,864) Unchanged	€ 5,832,191 Balance sheet total 2024: € 5,832,191 ▼ 7% vs 2023 (€ 6,282,903) Unchanged	€ 5,570,908 Balance sheet total 2025: € 5,570,908 ▼ 4% vs 2024 (€ 5,832,191) Unchanged	▼ 4%
Employees (FTE)	16.3 Employees (FTE) 2022: 16.3 First fiscal year in the series	13.6 Employees (FTE) 2023: 13.6 ▼ 2.7 vs 2022 (16.3) Unchanged	15.6 Employees (FTE) 2024: 15.6 ▲ 2 vs 2023 (13.6) Unchanged	15 Employees (FTE) 2025: 15 ▼ 0.6 vs 2024 (15.6) Unchanged	▼ 0.6

Key figures of Panelflex, 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 Panelflex?

What happened at Panelflex in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Sarah Bonte stepped down as director. NBB
2029 Klaas Buyck stepped down as director. NBB
Aug 31, 2026 New annual accounts for financial year 2025: profit of € 169,074 (▲ 18% vs 2024). filed late Source: NBB ↗
2025 VILESK BV stepped down as director. NBB
2025 Klaas Buyck became a director. NBB
2023 Sarah Bonte became a director. NBB
2023 VILESK BV became a director. NBB
May 12, 1992 New establishment in Kuurne. KBO

In short

From € 160,375 profit in 2022 to € 169,074 profit in 2025.

Paid € 237,298 in corporate taxes since 2022.

Best year ever: 2025, with € 169,074 profit.

On average € 99,500 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

VILESK 100%

The stake of VILESK comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Panelflex

The shares are held by VILESK (100%).

Directors

According to the 2025 annual accounts

Sarah Bonte

Director

since 2023 · until 2029

VILESK BV

Director · represented by Buyck Klaas

since 2023 · until 2025

Klaas Buyck

Director

Also active at: NANUK, VILESK

since 2025 · until 2029

Shareholders

VILESK

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Noordlaan 5

8520 Kuurne

2.057.413.055

Noordlaan 5 box 7

8520 Kuurne

Active since 12 May 1992

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.

All companies at this address →

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+1 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

0447.094.774

VAT number

BE 0447.094.774

Registered office

Noordlaan 5, 8520 Kuurne

Names & denominations

Panelflex

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

2 April 1992

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Installatie van isolatie

Activiteiten van holdings

Isolatiewerkzaamheden

Holdings

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Verhuur en exploitatie van terreinen

View on CBE Public ↗ Annual accounts (NBB) ↗

Panelflex

Financials

What happened to Panelflex?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions