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 21 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Pangolin from Ukkel, company number BE0637859627, closed financial year 2025 with a result of € -15,059 after tax. For that financial year Pangolin recorded a gross margin of € -26,997 and equity of € 3.7 million. Compared with financial year 2024, the result moved from € 122,028 to € -15,059. 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 June 1, 2026.
€ 3.7 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -15,059
▼ still € 122,028 profit in 2024
Profit after tax over the fiscal year.
€ 63,140
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 711,948.
Debts at end 2025
€ 10
Loans from banks and other lenders, long and short.
€ 2,868
▼ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 210,301
▲ € 168,616 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -7,348 | € -7,068 | € -8,336 | € -26,997 | ▼ € 18,661 |
| Profit after taxes | € -52,770 | € -8,645 | € 122,028 | € -15,059 | ▼ € 137,087 |
| Equity | € 3,622,729 | € 3,614,084 | € 3,736,113 | € 3,721,054 | |
| Total debts | € 2,097,748 | € 1,930,780 | € 1,322,062 | € 836,459 | ▼ 37% |
| Cash | € 231,988 | € 36,836 | € 60,747 | € 63,140 | ▲ 4% |
| Retained profit | € 613,623 | € 604,978 | € 727,007 | € 711,948 | ▼ 2% |
| Bank debt | € 0 | € 0 | € 0 | € 10 | |
| Balance sheet total | € 5,720,477 | € 5,544,864 | € 5,058,175 | € 4,557,512 | ▼ 10% |
Key figures of Pangolin, 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 Pangolin?
What happened at Pangolin in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 15,059 (▼ € 137,087 vs 2024). Source: NBB ↗
- Philibert Bizouard de Montille became a director. NBB
- Renaud De Kepper became a director. NBB
- New establishment in Ukkel. KBO
- Ludovic Bizouard de Montille became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 52,770 loss in 2022 to € 15,059 loss in 2025.
Paid € 42,484 in corporate taxes since 2022.
Best year ever: 2024, with € 122,028 profit.
Management
Behind Pangolin are Philibert Bizouard de Montille, Ludovic Bizouard de Montille and Renaud De Kepper. It owns 33.3% of BUBALE itself.
Establishments
Establishment units
Physical locations of this company
Lincolnstraat 64
1180 Ukkel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →BUBALE same network
€ -27,042 gross margin · 2025
IRIS BELGIUM
€ -123,962 gross margin · 2025
Lechwe same network
€ -28,013 gross margin · 2025
Tétracère same network
€ -26,825 gross margin · 2025
Association Des Copropriétaires à Uccle, Rue Lincoln 64
+4 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
- 0637.859.627
- VAT number
- BE 0637.859.627
- Registered office
- Lincolnstraat 64, 1180 Ukkel
- Names & denominations
- Pangolin
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 September 2015
- Peppol
- Not registered