Active · per the CBE, 30 September 2026

PANENCO

BE0650747066

Rechtspersoon Private limited company 2 establishments

PANENCO is an IT company in Leuven. Private Limited, started on 16 March 2016, 2 establishments.

Kapeldreef 60, 3001 Leuven

Behind the company: Avau Egwin, PANENCO GROUP BV.

Active for

10 year, 6 months

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Busy address KBO

    36 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

PANENCO from Leuven, company number BE0650747066, closed financial year 2025 with a result of € 220,003 after tax. For that financial year PANENCO recorded a gross margin of € 1.8 million and equity of € 813,973. Compared with financial year 2024, the result moved from € 54,135 to € 220,003. 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 July 29, 2026.

What it is worth Growing

€ 813,973

▲ 10% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 220,003

▲ € 165,868 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 812,103

▲ 50% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 120,000 paid out

55 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

17.3

▲ 2.9 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.3 million

▲ 31% vs 2024

€ 75,900 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.

Debts at end 2025

Bank debt ≈ 3 years to go

€ 306,653

▲ € 301,503 vs 2024

€ 93,535 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 107,652

▲ 96% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 268,260

▲ 88% vs 2024

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
2022202320242025Change 2024 → 2025
Gross margin € 1,240,709 € 1,161,952 € 1,111,609 € 1,766,639 ▲ 59%
Profit after taxes € 309,119 € 112,981 € 54,135 € 220,003 ▲ € 165,868
Equity € 990,248 € 709,873 € 740,759 € 813,973 ▲ 10%
Total debts € 241,791 € 528,127 € 230,167 € 700,307 ▲ 204%
Cash € 409,792 € 284,525 € 542,134 € 812,103 ▲ 50%
Retained profit € 971,698 € 691,323 € 722,209 € 795,423 ▲ 10%
Dividend € 0 € 393,356 € 3,100 € 120,000 ▲ € 116,900
Bank debt € 0 € 303,240 € 5,149 € 306,653 ▲ € 301,503
Balance sheet total € 1,232,039 € 1,238,000 € 970,926 € 1,514,281 ▲ 56%
Employees (FTE) 13 15 14.4 17.3 ▲ 2.9

Key figures of PANENCO, 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 PANENCO?

What happened at PANENCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

  • New annual accounts for financial year 2025: profit of € 220,003 (▲ € 165,868 vs 2024). Source: NBB ↗
  • New establishment in Leuven. KBO
  • New establishment in Leuven. KBO
  • Start of the company according to the CBE. KBO

In short

From € 309,119 profit in 2022 to € 220,003 profit in 2025.

Paid € 232,237 in corporate taxes since 2022.

Best year ever: 2022, with € 309,119 profit.

On average € 102,100 of value added per employee in 2025.

Management

Avau Egwin
PANENCO
Inect BV 100%

Behind PANENCO are Avau Egwin and PANENCO GROUP BV. It owns 100% of Inect BV itself.

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Directors

According to the 2025 annual accounts

Avau Egwin

Director

Also active at: Panenco Group, Meddition

PANENCO GROUP BV

Director · represented by Avau Egwin

Also active at: Quality In Treatment, ValCoRi, Meddition, MASON

Establishments

Establishment units

Physical locations of this company

Registered office

Kapeldreef 60

3001 Leuven

2.385.656.996

Diestsevest 25 box 6

3000 Leuven

Active since 19 January 2026

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0650.747.066
VAT number
BE 0650.747.066
Registered office
Kapeldreef 60, 3001 Leuven
Names & denominations
PANENCO
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Normale toestand
Start date
16 March 2016
Peppol
Active · Active since 21 Nov 2023
Activities · NACE

Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten

Computerconsultancy-activiteiten

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige diensten op het gebied van informatietechnologie en computer

Ontwerpen van computerprogramma’s

Activiteiten van adviesbureaus op het gebied van public relations en communicatie

Handel in eigen onroerend goed

Adviesbureaus op het gebied van public relations en communicatie

+2

Frequently asked questions

What does PANENCO do?
PANENCO is an IT company in Leuven. Private Limited, started on 16 March 2016, 2 establishments.
What is the address of PANENCO?
The registered office of PANENCO is located at Kapeldreef 60, 3001 Leuven.
Is PANENCO still active?
Yes. According to the CBE (30 September 2026) PANENCO is active, legal situation “Normale toestand”, started on 16 March 2016.
Is PANENCO registered on Peppol?
Yes, PANENCO is registered on the Peppol network with ID 0208:0650747066.
What is the enterprise number of PANENCO?
The enterprise number of PANENCO is BE0650747066.
When was PANENCO founded?
PANENCO was founded on 16 March 2016.