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 28 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
PANIMA from Kortrijk, company number BE0457238895, closed financial year 2024 with a result of € 509,883 after tax. For that financial year PANIMA recorded a gross margin of € 529,903 and equity of € 1.6 million. Compared with financial year 2023, the result moved from € 61,750 to € 509,883. 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 December 8, 2025.
€ 1.6 million
▲ 45% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 509,883
▲ € 448,133 vs 2023
Profit after tax over the fiscal year.
€ 2,642
▲ 12% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -1.2 million.
People and assets in 2024
€ 3,751
▲ € 3,442 vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 5,998
▼ 2% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 5,080
▲ 59% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 35,975 | € 58,192 | € 85,101 | € 529,903 | ▲ € 444,801 |
| Profit after taxes | € -2,939 | € 32,319 | € 61,750 | € 509,883 | ▲ € 448,133 |
| Equity | € 1,036,689 | € 1,069,008 | € 1,130,758 | € 1,640,640 | ▲ 45% |
| Total debts | € 763,203 | € 752,426 | € 626,497 | € 677,936 | ▲ 8% |
| Cash | € 6,346 | € 854 | € 2,365 | € 2,642 | ▲ 12% |
| Land & buildings | € 363,358 | € 348,693 | € 334,027 | € 319,361 | ▼ 4% |
| Retained profit | € -1,838,914 | € -1,806,595 | € -1,744,845 | € -1,234,963 | ▲ € 509,883 |
| Balance sheet total | € 1,799,893 | € 1,821,434 | € 1,757,255 | € 2,318,577 | ▲ 32% |
Key figures of PANIMA, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to PANIMA?
What happened at PANIMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Zeidan Charbel Abou stepped down as director. NBB
- Pascal Meersschaert stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 509,883 (▲ € 448,133 vs 2023). filed late Source: NBB ↗
- Zeidan Charbel Abou became a director. NBB
- Pascal Meersschaert became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,939 loss in 2021 to € 509,883 profit in 2024.
Paid € 752 in corporate taxes since 2021.
Best year ever: 2024, with € 509,883 profit.
Management
It owns 100% of Mill42 itself.
Establishments
Establishment units
Physical locations of this company
Moorseelsestraat(Heu) 113
8501 Kortrijk
Moorseelsestraat(Bis) 113
8501 Kortrijk
Active since 19 November 1996
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0457.238.895
- VAT number
- BE 0457.238.895
- Registered office
- Moorseelsestraat(Heu) 113, 8501 Kortrijk
- Names & denominations
- PANIMA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 February 1996
- Peppol
- Active · Active since 4 Feb 2026
- Activities · NACE
Activiteiten van hoofdkantoren