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.
Financials
Financial year 2025
PANALEX from Genk, company number BE0882032777, closed financial year 2025 with a result of € -1,177 after tax. Compared with financial year 2024, the result moved from € -2,219 to € -1,177. 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 August 31, 2026.
€ 82,354
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,177
▲ 47 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 63,754.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 14,957
▲ 16% vs 2024
Loans from banks and other lenders, long and short.
€ 2,955
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,573
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 | € -20,732 | € -10,377 | - | - | |
| Profit after taxes | € -24,077 | € -12,190 | € -2,219 | € -1,177 | ▲ € 1,043 |
| Equity | € 97,940 | € 85,750 | € 83,531 | € 82,354 | ▼ 1% |
| Total debts | € 43,448 | € 36,984 | € 22,184 | € 24,176 | ▲ 9% |
| Cash | € 5 | € 5 | € 5 | € 5 | |
| Retained profit | € 79,340 | € 67,150 | € 64,931 | € 63,754 | ▼ 2% |
| Bank debt | € 27,762 | € 27,676 | € 12,875 | € 14,957 | ▲ 16% |
| Balance sheet total | € 141,388 | € 122,735 | € 105,715 | € 106,530 | ▲ 1% |
Key figures of PANALEX, 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 PANALEX?
What happened at PANALEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,177. filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Genk. KBO
In short
From € 24,077 loss in 2022 to € 1,177 loss in 2025.
Management
Behind PANALEX is Panagiotis Efthymiopoulos. Panagiotis Efthymiopoulos is also behind PANA PROJECTS and Chalarosi Mansions.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Timkensbergstraat 95
3600 Genk
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.
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 ↗- EFTHYMIOPOULOS Panagiotis(oprichter) 80%
- DI MASI Alexandra Elisabeth(oprichter) 20%
Details
- Company number
- 0882.032.777
- VAT number
- BE 0882.032.777
- Registered office
- Timkensbergstraat 95, 3600 Genk
- Names & denominations
- PANALEX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 June 2006
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Handelsbemiddeling in de groothandel in hout en bouwmaterialen
Handelsbemiddeling in hout en bouwmaterialen