Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
PANTA RHEI from Maldegem, company number BE0637825874, closed financial year 2025 with a result of € -8,309 after tax. For that financial year PANTA RHEI recorded a gross margin of € 447,199 and equity of € 3 million. Compared with financial year 2024, the result moved from € -41,871 to € -8,309. 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 December 23, 2025.
€ 3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,309
▲ 80 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1.1 million
▲ € 837,740 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.8 million.
People and assets in 2025
1.6
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 221,553
▲ 27% vs 2024
€ 138,500 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.
€ 170,357
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 600,000
▼ 14% vs 2024
€ 100,000 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 77,726
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 30,691
▼ 24% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 212,641 | € 191,789 | € 345,908 | € 447,199 | ▲ 29% |
| Profit after taxes | € -5,455 | € 2,231,006 | € -41,871 | € -8,309 | ▲ € 33,562 |
| Equity | € 781,303 | € 3,012,309 | € 2,970,438 | € 2,962,128 | |
| Total debts | € 2,357,010 | € 2,369,543 | € 2,081,773 | € 1,901,074 | ▼ 9% |
| Cash | € 52,959 | € 1,633,635 | € 244,387 | € 1,082,127 | ▲ € 837,740 |
| Land & buildings | € 2,716,439 | € 3,393,276 | € 3,414,360 | € 3,336,964 | ▼ 2% |
| Retained profit | € 581,303 | € 2,812,309 | € 2,770,438 | € 2,762,128 | |
| Bank debt | € 2,040,000 | € 800,000 | € 700,000 | € 600,000 | ▼ 14% |
| Balance sheet total | € 3,138,313 | € 5,381,852 | € 5,052,211 | € 4,863,202 | ▼ 4% |
| Employees (FTE) | 1.5 | 1.5 | 1.7 | 1.6 | ▼ 0.1 |
Key figures of PANTA RHEI, 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 PANTA RHEI?
What happened at PANTA RHEI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,309. Source: NBB ↗
- New establishment in Maldegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,455 loss in 2022 to € 8,309 loss in 2025.
Best year ever: 2023, with € 2.2 million profit.
On average € 279,500 of value added per employee in 2025.
A new publication or filing at PANTA RHEI? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind PANTA RHEI is Lieven Bauwens. Lieven Bauwens is also behind E-CRANE WORLDWIDE, INDUMMO, EC&T GROUP and E-CRANE PARTS & SERVICES.
Directors
According to the 2025 annual accounts
Lieven Bauwens
Director
Also active at: E-CRANE WORLDWIDE, INDUMMO, EC&T GROUP, E-CRANE PARTS & SERVICES
Establishments
Establishment units
Physical locations of this company
Van Strydoncklaan 4
9990 Maldegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0637.825.874
- VAT number
- BE 0637.825.874
- Registered office
- Van Strydoncklaan 4, 9990 Maldegem
- Names & denominations
- PANTA RHEI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 September 2015
- Peppol
- Active · Active since 27 Mar 2026
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