Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PANAM from Vorst, company number BE0479038260, closed financial year 2025 with a result of € 3,891 after tax. For that financial year PANAM recorded a gross margin of € 105,390 and equity of € 144,235. Compared with financial year 2024, the result moved from € 14,698 to € 3,891. The company is profitable. 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 October 16, 2026.
€ 144,235
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,891
▼ 74% vs 2024
Profit after tax over the fiscal year.
€ 823
▼ 84% 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 € 125,685.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 53,836
▼ 29% vs 2024
€ 26,900 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.
€ 45,217
▲ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 203,885
▲ 12% vs 2024
€ 34,946 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 38,251
Supplier invoices still open on the last day of the fiscal year.
€ 6,034
▼ 25% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 34,930 | € 33,380 | € 127,777 | € 105,390 | ▼ 18% |
| Profit after taxes | € 95,723 | € -79,525 | € 14,698 | € 3,891 | ▼ 74% |
| Equity | € 205,171 | € 125,646 | € 140,345 | € 144,235 | ▲ 3% |
| Total debts | € 1,156,204 | € 1,247,590 | € 1,317,239 | € 1,457,678 | ▲ 11% |
| Cash | € 11,827 | € 18,974 | € 5,243 | € 823 | ▼ 84% |
| Land & buildings | € 285,027 | € 270,259 | € 255,492 | € 240,724 | ▼ 6% |
| Retained profit | € 186,621 | € 107,096 | € 121,795 | € 125,685 | ▲ 3% |
| Bank debt | € 229,294 | € 205,672 | € 181,339 | € 203,885 | ▲ 12% |
| Balance sheet total | € 1,361,375 | € 1,373,236 | € 1,457,584 | € 1,601,914 | ▲ 10% |
| Employees (FTE) | 1 | 1 | 2 | 2 |
Key figures of PANAM, 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 PANAM?
What happened at PANAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,891 (▼ 74% vs 2024). filed late Source: NBB ↗
- New establishment in Ukkel. KBO
- Start of the company according to the CBE. KBO
In short
From € 95,723 profit in 2022 to € 3,891 profit in 2025.
Best year ever: 2022, with € 95,723 profit.
On average € 52,700 of value added per employee in 2025.
Establishments
Establishment units
Physical locations of this company
Ukkelse laan 48
1190 Vorst
Alsembergsesteenweg 471
1180 Ukkel
Active since 25 February 2003
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 →MEDIAL
€ 41,985 gross margin · 2025
FACTORY
€ 213,216 gross margin · 2025
PROTOSSYS
€ -603 gross margin · 2026
ALL AQUA
STREAMBOX RECORDS
+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
- 0479.038.260
- VAT number
- BE 0479.038.260
- Registered office
- Ukkelse laan 48, 1190 Vorst
- Names & denominations
- PANAM · WYNSWEB, WYNS PROD, WYNS PROPERTIES, KOPS, PANAM PROD, STREAM BOX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 2002
- Peppol
- Active · Active since 15 Dec 2025
- Contact
- [email protected]
- Activities · NACE
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