Financials
Financial year 2025
PANATHENA from Buggenhout, company number BE0894312482, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year PANATHENA recorded a gross margin of € 2.2 million and equity of € 4.4 million. Compared with financial year 2024, the result moved from € 1 million to € 1.5 million. 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 30, 2026.
€ 4.4 million
▲ 53% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ 48% vs 2024
Profit after tax over the fiscal year.
€ 3.6 million
▲ 102% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.3 million.
People and assets in 2025
€ 49,125
▲ € 46,276 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 12,823
▼ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 303,663
▲ € 265,126 vs 2024
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 | € 562,866 | € 563,108 | € 1,424,687 | € 2,223,164 | ▲ 56% |
| Profit after taxes | € 312,731 | € 414,982 | € 1,019,159 | € 1,508,808 | ▲ 48% |
| Equity | € 1,882,387 | € 2,096,162 | € 2,849,844 | € 4,358,653 | ▲ 53% |
| Total debts | € 192,568 | € 229,296 | € 101,750 | € 328,028 | ▲ 222% |
| Cash | € 1,158,851 | € 1,133,756 | € 1,760,235 | € 3,550,814 | ▲ 102% |
| Retained profit | € 1,794,487 | € 2,008,262 | € 2,761,944 | € 4,270,753 | ▲ 55% |
| Dividend | € 215,245 | € 201,207 | € 265,477 | € 0 | ▼ 100% |
| Balance sheet total | € 2,074,955 | € 2,325,458 | € 2,951,594 | € 4,686,681 | ▲ 59% |
By gross margin, PANATHENA ranks 2nd of 24 companies with main activity “Overige activiteiten van uitgeverijen, met uitzondering van het uitgeven van software” in East Flanders that publish figures (fiscal year 2025).
Key figures of PANATHENA, 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.
Ask about PANATHENA 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 PANATHENA?
What happened at PANATHENA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.5 million (▲ 48% vs 2024). Source: NBB ↗
- Capital increase of € 67,900, published in the Gazette. Source: Staatsblad ↗
- New establishment in Buggenhout. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- Werner Van Ingelgem became a director. NBB
In short
From € 312,731 profit in 2022 to € 1.5 million profit in 2025.
Paid € 1.5 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.5 million profit.
Paid out € 681,929 in dividends to the owners in total.
Management
Behind PANATHENA is Werner Van Ingelgem. Werner Van Ingelgem is also behind Vlaamse Wielrijdersbond.
Directors
According to the 2025 annual accounts
since 2007
Establishments
Establishment units
Physical locations of this company
Bosstraat 99
9255 Buggenhout
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 East Flanders
Same main activity (Overige activiteiten van uitgeverijen, met uitzondering van het uitgeven van software), 43 active companies in East Flanders, largest first.
€ 2.6 million gross margin · 2025 · Gent
€ 1.1 million revenue · 2024 · Gent
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€ 312,602 gross margin · 2025 · Gent
€ 258,918 gross margin · 2025 · Ronse
€ 206,816 gross margin · 2025 · Ronse
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 ↗- VAN INGELGEM Werner Frank(oprichter) 100%
Details
- Company number
- 0894.312.482
- VAT number
- BE 0894.312.482
- Registered office
- Bosstraat 99, 9255 Buggenhout
- Names & denominations
- PANATHENA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2007
- Peppol
- Active · Active since 28 Nov 2025
- Activities · NACE
Overige activiteiten van uitgeverijen, met uitzondering van het uitgeven van software
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering