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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Negative equity NBB
More debt than assets in 1 of the last 1 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PANNENKOT from Gent, company number BE1013320891, closed financial year 2025 with a result of € -116,251 after tax. 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 July 7, 2026.
€ -54,751
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -116,251
Profit after tax over the fiscal year.
€ 26,721
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -116,251.
Debts at end 2025
€ 1.7 million
Loans from banks and other lenders, long and short.
€ 2,103
Supplier invoices still open on the last day of the fiscal year.
What happened to PANNENKOT?
What happened at PANNENKOT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Masiti BV stepped down as director. NBB
- Robert Hoornaert stepped down as director. NBB
- Matthias Hoornaert stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 116,251. Source: NBB ↗
- New establishment in Gent. KBO
- Masiti BV became a director. NBB
- Robert Hoornaert became a director. NBB
- Matthias Hoornaert became a director. NBB
Management
The stake of CAAAP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PANNENKOTThe shares are held by CAAAP (100%).
Directors
According to the 2025 annual accounts
Director · represented by Lode Waes
Also active at: CAAAP, Oleander, Artes Terra, SCHIPPERSKAAI DEVELOPMENT, KASTEEL WISSELBEKE, SCHIPPERSKAAI LAND, WISSELKOUTER, ARTES RENO +3 more
since 2024 · until 2031
Robert Hoornaert
Director
Also active at: AELTERMAN, Artes Roegiers, ARTES GROUP, BEDRIJVENCENTRUM REGIO BRUGGE, Artes Uptech, GROUP Depré, Artes TWT, CAAAP +12 more
since 2024 · until 2031
Matthias Hoornaert
Director
Also active at: Artes Depret, AELTERMAN, Artes Roegiers, ARTES GROUP, Artes Woudenberg, Artes Uptech, CAAAP, Oleander +7 more
since 2024 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Poortakkerstraat 94
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →CAAAP same network
€ 52.4 million revenue · 2025
Oleander same network
€ 235,110 revenue · 2025
SCHIPPERSKAAI DEVELOPMENT same network
€ 16.1 million revenue · 2025
DuCoop
€ 480,605 gross margin · 2025
SCHIPPERSKAAI LAND same network
€ 340,850 revenue · 2025
+8 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
- 1013.320.891
- VAT number
- BE 1013.320.891
- Registered office
- Poortakkerstraat 94, 9051 Gent
- Names & denominations
- PANNENKOT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 September 2024
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Ontwikkeling van niet-residentiële bouwprojecten
Overige zakelijke dienstverlening, neg
Handel in eigen onroerend goed
Vermogensbeheer