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.
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Busy address KBO
74 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PANQUIN LAND from Waregem, company number BE0685861858, closed financial year 2025 with a result of € -224,066 after tax. For that financial year PANQUIN LAND recorded revenue of € 14,000 and equity of € 4.9 million. Compared with financial year 2024, the result moved from € -3.1 million to € -224,066. 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 2, 2026.
€ 4.9 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -224,066
▲ 93 % less loss than in 2024
Profit after tax over the fiscal year.
€ 16,586
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4.6 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 1.7 million
Loans from banks and other lenders, long and short.
€ 544,717
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 248,348
▲ € 187,679 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 932,400 | - | € 14,000 | |
| Gross margin | € 9,879,801 | € 462,200 | € -300,877 | € 33,379 | ▲ € 334,256 |
| Profit after taxes | € 7,373,322 | € 499,362 | € -3,056,880 | € -224,066 | ▲ € 2.8 million |
| Equity | € 7,722,036 | € 8,221,397 | € 5,164,517 | € 4,940,451 | ▼ 4% |
| Total debts | € 2,267,844 | € 2,662,823 | € 2,948,386 | € 2,914,834 | ▼ 1% |
| Cash | € 7,994,533 | € 4,738,431 | € 157,195 | € 16,586 | ▼ 89% |
| Retained profit | € 7,392,036 | € 7,891,397 | € 4,834,517 | € 4,610,451 | ▼ 5% |
| Bank debt | € 1,710,000 | € 1,710,000 | € 1,710,000 | € 1,710,000 | |
| Balance sheet total | € 9,989,880 | € 10,884,220 | € 8,112,904 | € 7,855,285 | ▼ 3% |
Key figures of PANQUIN LAND, 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 PANQUIN LAND?
What happened at PANQUIN LAND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Feya Smets stepped down as director. NBB
- Davy Demuynck stepped down as director. NBB
- Participatiemaatschappij Vlaanderen NV stepped down as director. NBB
- Julien De Wilde stepped down as director. NBB
- ION Service Provider NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 224,066. Source: NBB ↗
- Davy Demuynck became a director. NBB
- Feya Smets became a director. NBB
In short
From € 7.4 million profit in 2022 to € 224,066 loss in 2025.
Paid € 2.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 7.4 million profit.
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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
The stake of Premier Development Fund, Participatiemaatschappij Vlaanderen comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PANQUIN LANDThe shares are held by Premier Development Fund (66.7%) and Participatiemaatschappij Vlaanderen (33.3%).
Directors
According to the 2025 annual accounts
Participatiemaatschappij Vlaanderen NV
Director · represented by Bertrand Van Regemortel
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES +136 more
since 2022 · until 2027
Feya Smets
Director
Also active at: Stedelijk Leven Innovatief Maken Turnhout, PANQUIN CONSTRUCT, HOF van LORREINEN, PIONIER LAND, PIONIER CONSTRUCT, TURNHOUT KANTOREN CONSTRUCT, TURNHOUT KANTOREN LAND, Tech Lane Parkgebouw +1 more
since 2023 · until 2029
Davy Demuynck
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO, RIKOTAL +133 more
since 2025 · until 2029
Julien De Wilde
Director
Also active at: Kinderdagverblijf Sint-Jozef, Premier Development Fund, PDF INVEST, PDF LAND, PDF CONSTRUCT, PARKZICHT CONSTRUCT, 3SAG, PANQUIN CONSTRUCT +4 more
since 2022 · until 2027
Director · represented by Kristof Vanfleteren
Also active at: Premier Development Fund, PDF INVEST, PDF LAND, PDF CONSTRUCT, VINEA, NOVA MONS CONSTRUCTION, VASTGOED INVESTERINGS ASSOCIATIE, DGR Offices +5 more
since 2022 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vredestraat 53
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 74 companies are registered at this address.
All companies at this address →Van Eyck Residentie
€ 159,675 gross margin · 2025
RODEKRUISPLEIN same network
€ 45,360 gross margin · 2025
COBOS same network
DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ same network
€ 325,000 revenue · 2025
SRB-invest
€ 2.1 million gross margin · 2022
+69 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
- 0685.861.858
- VAT number
- BE 0685.861.858
- Registered office
- Vredestraat 53, 8790 Waregem
- Names & denominations
- PANQUIN LAND · PQL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 December 2017
- Peppol
- Active · Active since 1 Jan 2001