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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
PANELCO from Avelgem, company number BE0474081263, closed financial year 2025 with a result of € -32,949 after tax. For that financial year PANELCO recorded a gross margin of € -65,256 and equity of € 176,743. Compared with financial year 2024, the result moved from € -42,130 to € -32,949. The company made a loss. 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 January 8, 2026.
€ 176,743
▼ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -32,949
▲ 22 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,366
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 108,143.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 38,603
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 9,483
▲ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 211,490 | € 252,710 | € 24,169 | € -65,256 | ▼ € 89,425 |
| Profit after taxes | € 8,573 | € 10,461 | € -42,130 | € -32,949 | ▲ € 9,181 |
| Equity | € 241,361 | € 251,822 | € 209,692 | € 176,743 | ▼ 16% |
| Total debts | € 314,773 | € 462,837 | € 12,299 | € 12,645 | ▲ 3% |
| Cash | € 11,383 | € 341,932 | € 3,683 | € 2,366 | ▼ 36% |
| Land & buildings | € 54,481 | € 43,458 | € 34,402 | € 25,615 | ▼ 26% |
| Retained profit | € 172,761 | € 183,222 | € 141,092 | € 108,143 | ▼ 23% |
| Bank debt | € 103,552 | € 70,154 | € 126 | € 0 | ▼ 100% |
| Balance sheet total | € 556,134 | € 714,660 | € 221,991 | € 189,388 | ▼ 15% |
| Employees (FTE) | 4.3 | 4 | 0.6 | - |
Key figures of PANELCO, 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 January 2027.
What happened to PANELCO?
What happened at PANELCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 32,949. Source: NBB ↗
- New establishment in Avelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,573 profit in 2022 to € 32,949 loss in 2025.
Paid € 12,262 in corporate taxes since 2022.
Best year ever: 2023, with € 10,461 profit.
On average € 63,200 of value added per employee in 2023.
Management
Behind PANELCO is Jean Van De Putte. Jean Van De Putte is also behind V.D.K., CAGIL and EVAN CONSTRUCT.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Sint-Amandswijk 77
8581 Avelgem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0474.081.263
- VAT number
- BE 0474.081.263
- Registered office
- Sint-Amandswijk 77, 8581 Avelgem
- Names & denominations
- PANELCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 February 2001
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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