What does PANELCONSTRUCT do?

PANELCONSTRUCT is a specialised building contractor in Manhay. Private Limited, started on 2 March 2011, 1 establishment.

What is the address of PANELCONSTRUCT?

The registered office of PANELCONSTRUCT is located at Rue des Boussines, Vaux-Chavanne 46, 6960 Manhay.

Is PANELCONSTRUCT still active?

Yes. According to the CBE (29 October 2026) PANELCONSTRUCT is active, legal situation “Normale toestand”, started on 2 March 2011.

Is PANELCONSTRUCT registered on Peppol?

Yes, PANELCONSTRUCT is registered on the Peppol network with ID 0208:0834189607.

What is the enterprise number of PANELCONSTRUCT?

The enterprise number of PANELCONSTRUCT is BE0834189607.

When was PANELCONSTRUCT founded?

PANELCONSTRUCT was founded on 2 March 2011.

Who are the directors of PANELCONSTRUCT?

According to the 2025 annual accounts, the directors of PANELCONSTRUCT are: FA IMMO SA.

Is PANELCONSTRUCT a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 2 March 2011; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did PANELCONSTRUCT make in 2025?

PANELCONSTRUCT recorded a loss after taxes of € 21,019 in financial year 2025.

What is the revenue of PANELCONSTRUCT?

As a small company, PANELCONSTRUCT is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 808,718.

How much does an employee at PANELCONSTRUCT earn?

The average wage cost per full-time employee at PANELCONSTRUCT was € 65,100 in 2025: staff costs of € 735,951 for 11.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does PANELCONSTRUCT have?

According to the 2025 annual accounts, PANELCONSTRUCT has 11.3 full-time equivalents (FTE).

PANELCONSTRUCT (Private Limited) - Manhay - BE0834189607

Dossier PANELCONSTRUCT, printed on 29 October 2026 from databakkes.be/en/0834189607/panelconstruct. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

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

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.

Financials

Financial year 2025

PANELCONSTRUCT from Manhay, company number BE0834189607, closed financial year 2025 with a result of € -21,019 after tax. For that financial year PANELCONSTRUCT recorded a gross margin of € 808,718 and equity of € -83,453. Compared with financial year 2024, the result moved from € 149,499 to € -21,019. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.

What it is worth Caution

€ -83,453

▼ € 21,096 vs 2024

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

Loss Caution

€ -21,019

▼ still € 149,499 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 130,744

▲ € 105,562 vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -95,853.

People and assets in 2025

Full-time equivalents

11.3

▲ 3.2 vs 2024

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

Wage cost

€ 735,951

▲ 44% vs 2024

€ 65,100 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.

Vehicles and equipment

€ 20,989

▲ 66% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 250,000

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 136,491

▼ 51% vs 2024

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

Taxes and wages

€ 226,835

▲ 31% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 481,823 Gross margin 2022: € 481,823 First fiscal year in the series	€ 700,789 Gross margin 2023: € 700,789 ▲ 45% vs 2022 (€ 481,823) Favourable step	€ 734,503 Gross margin 2024: € 734,503 ▲ 5% vs 2023 (€ 700,789) Favourable step	€ 808,718 Gross margin 2025: € 808,718 ▲ 10% vs 2024 (€ 734,503) Favourable step	▲ 10%
Profit after taxes	€ -161,881 Profit after taxes 2022: € -161,881 First fiscal year in the series	€ 50,818 Profit after taxes 2023: € 50,818 ▲ € 212,699 vs 2022 (€ -161,881) Favourable step	€ 149,499 Profit after taxes 2024: € 149,499 ▲ 194% vs 2023 (€ 50,818) Favourable step	€ -21,019 Profit after taxes 2025: € -21,019 ▼ € 170,518 vs 2024 (€ 149,499) Unfavourable step	▼ € 170,518
Equity	€ -262,674 Equity 2022: € -262,674 First fiscal year in the series	€ -211,856 Equity 2023: € -211,856 ▲ € 50,818 vs 2022 (€ -262,674) Favourable step	€ -62,357 Equity 2024: € -62,357 ▲ € 149,499 vs 2023 (€ -211,856) Favourable step	€ -83,453 Equity 2025: € -83,453 ▼ € 21,096 vs 2024 (€ -62,357) Unfavourable step	▼ € 21,096
Total debts	€ 754,639 Total debts 2022: € 754,639 First fiscal year in the series	€ 634,707 Total debts 2023: € 634,707 ▼ 16% vs 2022 (€ 754,639) Favourable step	€ 733,210 Total debts 2024: € 733,210 ▲ 16% vs 2023 (€ 634,707) Unfavourable step	€ 777,874 Total debts 2025: € 777,874 ▲ 6% vs 2024 (€ 733,210) Unfavourable step	▲ 6%
Cash	€ 41,239 Cash 2022: € 41,239 First fiscal year in the series	€ 11,591 Cash 2023: € 11,591 ▼ 72% vs 2022 (€ 41,239) Unfavourable step	€ 25,183 Cash 2024: € 25,183 ▲ 117% vs 2023 (€ 11,591) Favourable step	€ 130,744 Cash 2025: € 130,744 ▲ € 105,562 vs 2024 (€ 25,183) Favourable step	▲ € 105,562
Retained profit	€ -275,074 Retained profit 2022: € -275,074 First fiscal year in the series	€ -224,256 Retained profit 2023: € -224,256 ▲ € 50,818 vs 2022 (€ -275,074) Favourable step	€ -74,757 Retained profit 2024: € -74,757 ▲ € 149,499 vs 2023 (€ -224,256) Favourable step	€ -95,853 Retained profit 2025: € -95,853 ▼ € 21,096 vs 2024 (€ -74,757) Unfavourable step	▼ € 21,096
Bank debt	€ 3,134 Bank debt 2022: € 3,134 First fiscal year in the series	€ 0 Bank debt 2023: € 0 ▼ 100% vs 2022 (€ 3,134) Favourable step	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 250,000 Bank debt 2025: € 250,000 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 491,965 Balance sheet total 2022: € 491,965 First fiscal year in the series	€ 422,851 Balance sheet total 2023: € 422,851 ▼ 14% vs 2022 (€ 491,965) Unchanged	€ 670,852 Balance sheet total 2024: € 670,852 ▲ 59% vs 2023 (€ 422,851) Unchanged	€ 694,420 Balance sheet total 2025: € 694,420 ▲ 4% vs 2024 (€ 670,852) Unchanged	▲ 4%
Employees (FTE)	11 Employees (FTE) 2022: 11 First fiscal year in the series	9.6 Employees (FTE) 2023: 9.6 ▼ 1.4 vs 2022 (11) Unchanged	8.1 Employees (FTE) 2024: 8.1 ▼ 1.5 vs 2023 (9.6) Unchanged	11.3 Employees (FTE) 2025: 11.3 ▲ 3.2 vs 2024 (8.1) Unchanged	▲ 3.2

Key figures of PANELCONSTRUCT, 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 PANELCONSTRUCT?

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

Aug 31, 2026 New annual accounts for financial year 2025: loss of € 21,019 (▼ € 170,518 vs 2024). filed late Source: NBB ↗
2015 FA IMMO SA became a director. NBB
Mar 2, 2011 Start of the company according to the CBE. KBO
Mar 1, 2011 New establishment in Manhay. KBO

In short

From € 161,881 loss in 2022 to € 21,019 loss in 2025.

Paid € 10,979 in corporate taxes since 2022.

Best year ever: 2024, with € 149,499 profit.

On average € 71,600 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

FA IMMO 100%

The stake of FA IMMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

PANELCONSTRUCT

Behind PANELCONSTRUCT is FA IMMO SA. The shares are held by FA IMMO (100%).

Directors

According to the 2025 annual accounts

FA IMMO SA

Manager · represented by Arnaud HARDENNE

Also active at: POLYPANEL BELGIQUE

since 2015

Shareholders

FA IMMO

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue des Boussines, Vaux-Chavanne 46

6960 Manhay

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

FA IMMO same network

€ 208,534 gross margin · 2025

ETEM

Groupe HARDENNE

POLYPANEL BELGIQUE same network

€ 162,193 gross margin · 2025

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

Details

Company number

0834.189.607

VAT number

BE 0834.189.607

Registered office

Rue des Boussines, Vaux-Chavanne 46, 6960 Manhay

Names & denominations

PANELCONSTRUCT

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

2 March 2011

Peppol

Active · Active since 14 Oct 2025

Activities · NACE

Installatie van isolatie

Schrijnwerk

Isolatiewerkzaamheden

Detailhandel in wijnen en geestrijke dranken

View on CBE Public ↗ Annual accounts (NBB) ↗

PANELCONSTRUCT

Warning lights

Financials

What happened to PANELCONSTRUCT?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions