ACTIVE

PANS

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Financial year 2018 · closed on 31/12/2018

Net result

718,7 k €

+218.0% YoY

Revenue

4,5 M €

-0.8% YoY

Equity

32,3 M €

+2.3% YoY

Workforce

1,8 ETP

+5.9% YoY

What does PANS do?

PANS is a Public limited company incorporated in 1984. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Roeselare. It employs on average 1,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.112.675

Incorporation

30/08/1984

Legal form

Public limited company

Registered office

Meensesteenweg 608
8800 Roeselare · FlandreSee on map

Latest accounts

31/12/2018

Average workforce

1,8 ETP

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 70111Activities of head offices 41101Development of building projects 41102Development of building projects 68100Buying and selling of own real estate+11

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	4,5 M €	-0.8%	4,5 M €	-11.5%	5,1 M €	+27.2%	4 M €	+0.1%	4 M €	-0.6%	4 M €	-0.1%	4 M €	-4.8%	4,2 M €	-6.8%	4,6 M €	-6.6%	4,9 M €	+43.5%	3,4 M €		–		–
EBITDA	4,5 M €	+18.2%	3,8 M €	-0.3%	3,8 M €	-9.7%	4,2 M €	+25.9%	3,3 M €	-15.5%	3,9 M €	-6.7%	4,2 M €	+7.8%	3,9 M €	+3.3%	3,8 M €	+1.5%	3,7 M €	+3.9%	3,6 M €	+75.3%	2,1 M €	+5.6%	1,9 M €
Operating result	4,1 M €	+21.6%	3,4 M €	+1.9%	3,3 M €	-11.6%	3,7 M €	+33.5%	2,8 M €	-20.3%	3,5 M €	-6.8%	3,8 M €	+9.6%	3,4 M €	+3.2%	3,3 M €	-0.8%	3,4 M €	+11.5%	3 M €	+63.5%	1,8 M €	+11.8%	1,7 M €
Net result	718,7 k €	+218%	-609,2 k €	-918%	74,5 k €	-84.6%	483 k €	+733%	-76,3 k €	-134%	224,2 k €	-26.1%	303,2 k €	-59.5%	748 k €	-32.1%	1,1 M €	+15.0%	958 k €	+278%	-537,7 k €	-145%	1,2 M €	-86.7%	9 M €
Balance sheet
Equity	32,3 M €	+2.3%	31,6 M €	-1.8%	32,2 M €	+0.2%	32,1 M €	+1.0%	31,8 M €	+21.2%	26,2 M €	+0.9%	26 M €	+1.2%	25,7 M €	+3.0%	24,9 M €	+4.6%	23,8 M €	+19.6%	19,9 M €	-2.6%	20,5 M €	+6.3%	19,3 M €
Total assets	146,9 M €	+10.4%	133,1 M €	-1.4%	134,9 M €	-0.2%	135,1 M €	-0.1%	135,3 M €	+3.5%	130,7 M €	-1.1%	132,1 M €	+1.2%	130,6 M €	-1.9%	133,2 M €	+0.3%	132,7 M €	+3.0%	128,9 M €	+6.2%	121,4 M €	+400%	24,3 M €
Cash	778,1 k €	+464%	137,9 k €	-34.1%	209,4 k €	+117%	96,5 k €	+34.7%	71,6 k €	-67.4%	220 k €	+528%	35,1 k €	-72.4%	127,2 k €	-96.5%	3,6 M €	+72.7%	2,1 M €	+304%	517,9 k €	+168%	193,2 k €	-98.3%	11,4 M €
Debts	113,9 M €	+12.7%	101 M €	-1.2%	102,2 M €	-0.6%	102,8 M €	-0.4%	103,3 M €	-1.2%	104,5 M €	-1.6%	106,1 M €	+1.2%	104,9 M €	-2.8%	107,9 M €	-0.9%	108,8 M €	+0.1%	108,8 M €	+8.3%	100,4 M €	+2050%	4,7 M €
Other
Workforce	1,8 ETP	+5.9%	1,7 ETP	0.0%	1,7 ETP	+6.2%	1,6 ETP	+6.7%	1,5 ETP	-25.0%	2,0 ETP	0.0%	2,0 ETP	-25.9%	2,7 ETP	-43.7%	4,8 ETP	-2.0%	4,9 ETP	-14.0%	5,7 ETP	-3.4%	5,9 ETP	-13.2%	6,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2018 · 7 active · 10 ended

Active mandates

Daniël Kerckhof

Director

Active

Dina Lafere

Managing director

Active

Kristof Busquart

Director

Active

Kristoffel Haentjens

Director

Active

VABELDA

Director · 0886.837.742

Represented by Danny Kerckhof

Active

VABELDI

Director · 0886.838.534

Represented by Didier Kerckhof

Active

VABELDO

Director · 0886.839.524

Represented by Dorine Kerckhof

Active

Ended mandates

Daniël Kerckhof

Director · since 01 octobre 2007

Ended

Dina Lafere

Managing director · since 01 octobre 2007

Ended

Kristof Busquart

Director · since 01 octobre 2007

Ended

Kristoffel Haentjens

Director · since 01 octobre 2007

Ended

At this address

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D.D.D.-INVEST● Active	0461.314.083
DEBELS● Active	0405.326.574
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ESBELD-GROEP● Active	0831.025.031
Esbeld Trans● Active	0507.748.478
EURO - CAFETARIA● Active	0419.075.434
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EURO SHOPPING● Active	0471.503.736
EURO SHOP ROESELARE● Active	0841.440.851
Finlandia● Active	0412.576.533
FORT● Active	0400.840.919
FORUM● Active	0415.091.605
IMMO EURO● Active	0452.496.090
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L'ENTREPOT● Bankrupt	0751.532.442

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	m211-f-p	m211-f-p	m211-f-p	m211-f-p	m211-f-p	m211-f-p
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/01/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	21 months
Filing date	26/03/2026	02/04/2025	05/08/2024	01/06/2023	18/05/2022	29/04/2021
General meeting	10/03/2026	11/03/2025	30/07/2024	24/05/2023	28/04/2022	21/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
m211-f-p	30/09/2025	10/03/2026	26/03/2026	Dutch	PDF
m211-f-p	30/09/2024	11/03/2025	02/04/2025	Dutch	PDF
m211-f-p	30/09/2023	30/07/2024	05/08/2024	Dutch	PDF
m211-f-p	30/09/2022	24/05/2023	01/06/2023	Dutch	PDF
m211-f-p	30/09/2021	28/04/2022	18/05/2022	Dutch	PDF
m211-f-p	30/09/2020	21/04/2021	29/04/2021	Dutch	PDF
Full model	31/12/2018	20/06/2019	18/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	25/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	19/07/2017	Dutch	PDF
Full model	31/12/2015	28/05/2016	24/06/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	24/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	24/07/2014	Dutch	PDF
Full model	31/12/2012	30/06/2013	13/09/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	11/07/2012	Dutch	PDF
Full modelCorrection	31/12/2010	30/06/2011	30/09/2011	Dutch	PDF
Full model	31/12/2010	30/06/2011	27/07/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	26/11/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	30/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	24/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2018 · 7 active · 10 ended

Active mandates

Daniël Kerckhof

Director

Active

Dina Lafere

Managing director

Active

Kristof Busquart

Director

Active

Kristoffel Haentjens

Director

Active

VABELDA

Director · 0886.837.742

Represented by Danny Kerckhof

Active

VABELDI

Director · 0886.838.534

Represented by Didier Kerckhof

Active

VABELDO

Director · 0886.839.524

Represented by Dorine Kerckhof

Active

Ended mandates

Daniël Kerckhof

Director · since 01 octobre 2007

Ended

Dina Lafere

Managing director · since 01 octobre 2007

Ended

Kristof Busquart

Director · since 01 octobre 2007

Ended

Kristoffel Haentjens

Director · since 01 octobre 2007

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other24/12/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates02/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares01/07/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN
PDF
Mandates14/08/2013
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

10/03/2026
reconductionFinvision Bedrijfsrevisoren BV — commissaris
28/09/2023
nominationVabeldi BV — gedelegeerd-bestuurder en voorzitter van de raad van bestuur
24/05/2023
reconductionFinvision Bedrijfsrevisoren Antwerpen BV — commissaris
2018
Annual accounts 2018718,7 k €↑
2017
Annual accounts 2017-609,2 k €↓
2016
Annual accounts 201674,5 k €↓
2015
Annual accounts 2015483 k €↑
2014
Annual accounts 2014-76,3 k €↓
2013
Annual accounts 2013224,2 k €↓
2012
Annual accounts 2012303,2 k €↓
2011
Annual accounts 2011748 k €↓
2010
Annual accounts 20101,1 M €↑
2009
Annual accounts 2009958 k €↑
2008
Annual accounts 2008-537,7 k €↓
2007
Annual accounts 20071,2 M €↓
2006
Annual accounts 20069 M €
30/08/1984
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PANS

Overview

What does PANS do?

Trend over 13 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline