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 52 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
PANACHE from Koksijde, company number BE0878235228, closed financial year 2026 with a result of € 161,608 after tax. For that financial year PANACHE recorded a gross margin of € 373,495 and equity of € 283,626. Compared with financial year 2025, the result moved from € 70,241 to € 161,608. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 283,626
▼ 29% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 161,608
▲ 130% vs 2025
Profit after tax over the fiscal year.
€ 237,098
▲ € 225,744 vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 275,242 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2026
2.5
▲ 0.3 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 84,155
▲ 19% vs 2025
€ 33,700 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.
€ 12,159
▲ 55% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 3,040
▼ 89% vs 2025
Loans from banks and other lenders, long and short.
€ 101,111
▲ 178% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 33,115
▲ 53% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 201,757 | € 169,822 | € 228,522 | € 373,495 | ▲ 63% |
| Profit after taxes | € 39,133 | € 29,821 | € 70,241 | € 161,608 | ▲ 130% |
| Equity | € 311,865 | € 341,687 | € 400,305 | € 283,626 | ▼ 29% |
| Total debts | € 248,190 | € 271,800 | € 227,235 | € 642,733 | ▲ 183% |
| Cash | € 50,072 | € 42,173 | € 11,354 | € 237,098 | ▲ € 225,744 |
| Retained profit | € 286,865 | € 316,687 | € 375,305 | € 258,626 | ▼ 31% |
| Dividend | € 18,182 | € 0 | € 11,623 | € 275,242 | ▲ € 263,619 |
| Bank debt | € 87,111 | € 51,389 | € 28,209 | € 3,040 | ▼ 89% |
| Balance sheet total | € 560,055 | € 613,487 | € 627,540 | € 926,359 | ▲ 48% |
| Employees (FTE) | 2.8 | 2.2 | 2.2 | 2.5 | ▲ 0.3 |
By gross margin, PANACHE ranks 6th of 51 companies with main activity “Detailhandel in artikelen voor verlichting en woninginrichting” in West Flanders that publish figures (fiscal year 2026).
Key figures of PANACHE, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 28 September 2027.
Ask about PANACHE the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to PANACHE?
What happened at PANACHE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 161,608 (▲ 130% vs 2025). Source: NBB ↗
- ODAIA BV became a director. NBB
- New establishment in Koksijde. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 39,133 profit in 2023 to € 161,608 profit in 2026.
Paid € 145,084 in corporate taxes since 2023.
Best year ever: 2026, with € 161,608 profit.
On average € 149,400 of value added per employee in 2026.
Management
Behind PANACHE is ODAIA BV.
Directors
According to the 2026 annual accounts
Director
since 2007
Establishments
Establishment units
Physical locations of this company
Strandlaan(Kok) 305
8670 Koksijde
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.
Similar companies in West Flanders
Same main activity (Detailhandel in artikelen voor verlichting en woninginrichting), 53 active companies in West Flanders, largest first.
€ 1.6 million gross margin · 2025 · Brugge
€ 1.5 million gross margin · 2025 · Pittem
€ 917,386 gross margin · 2025 · Kortrijk
€ 812,967 gross margin · 2025 · Veurne
€ 618,385 gross margin · 2025 · Knokke-Heist
HOLLEVOET SCHILDER- EN DECORATIEBEDRIJF
€ 329,692 gross margin · 2025 · Veurne
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- Jurgen André SPRIET(oprichter) 50%
- Anja Agnes Cornelia VANDENBROUCKE(oprichter) 50%
Details
- Company number
- 0878.235.228
- VAT number
- BE 0878.235.228
- Registered office
- Strandlaan(Kok) 305, 8670 Koksijde
- Names & denominations
- PANACHE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 2005
- Peppol
- Active · Active since 2 May 2024
- Activities · NACE
Detailhandel in artikelen voor verlichting en woninginrichting
Detailhandel in verlichtingsartikelen
Detailhandel in glas-, porselein- en aardewerk en in niet-elektrische huishoudelijke artikelen
Detailhandel in verlichtingsartikelen in gespecialiseerde winkels
Detailhandel in glas-, porselein- en aardewerk en in niet-elektrische huishoudelijke artikelen in gespecialiseerde winkels