ACTIVE

WALTER PANIS

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Financial year 2025 · closed on 31/12/2025

Net result

-4,8 k €

-316.2% YoY

Gross margin

58,1 k €

-8.6% YoY

Equity

9,6 M €

-3.2% YoY

What does WALTER PANIS do?

WALTER PANIS is a Private limited company incorporated in 1999. Its main activity is: Management consultancy activities. Its registered office is in Genk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0468.175.844

Incorporation

09/12/1999

Legal form

Private limited company

Registered office

Kiezelstraat 14
3600 Genk · FlandreSee on map

Contributed capital

6 951 528,49 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 46450Wholesale of perfume and cosmetics 46450Wholesale of perfume and cosmetics 47750Retail sale of cosmetic and toilet articles in specialised stores 47750Retail sale of cosmetic and toilet articles in specialised stores+2

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	58,1 k €	-8.6%	63,6 k €	-59.8%	158,1 k €	+17.7%	134,3 k €	-11.1%	151,2 k €	+0.5%	150,4 k €	+57.5%	95,5 k €	+55.3%	61,5 k €	-70.5%	208,4 k €	-2.3%	213,2 k €	+6.3%	200,5 k €	-20.0%	250,6 k €	-0.6%	252,1 k €	+9.0%	231,3 k €	-38.6%	376,7 k €	+0.8%	373,5 k €	+10.3%	338,5 k €	+71.6%	197,2 k €	+147%	79,8 k €
EBITDA	50,7 k €	-9.6%	56,1 k €	-62.8%	150,9 k €	+20.2%	125,5 k €	-15.0%	147,7 k €	+2.8%	143,7 k €	+61.0%	89,3 k €	+3211%	2,7 k €	-98.7%	203,2 k €	-2.4%	208,1 k €	+6.4%	195,7 k €	-20.5%	246,1 k €	-0.5%	247,4 k €	+9.2%	226,6 k €	-39.0%	371,6 k €	+0.6%	369,5 k €	+10.1%	335,5 k €	+71.7%	195,4 k €	+151%	77,8 k €
Operating result	619,9 €	-89.7%	6 k €	-93.0%	86,6 k €	+39.1%	62,3 k €	-31.4%	90,8 k €	+11.0%	81,8 k €	+1208%	6,3 k €	+111%	-57,5 k €	-479%	15,2 k €	-91.9%	187,6 k €	+7.1%	175,1 k €	-22.4%	225,6 k €	+4.4%	216 k €	+15.8%	186,6 k €	-43.7%	331,5 k €	+56.4%	212 k €	-32.6%	314,3 k €	+69.9%	185 k €	+189%	64 k €
Net result	-4,8 k €	-316%	2,2 k €	-97.8%	100 k €	-74.7%	395,1 k €	-23.5%	516,5 k €	+175%	187,8 k €	+41.3%	132,9 k €	-88.9%	1,2 M €	+596%	171,4 k €	-34.3%	261 k €	+108%	125,6 k €	-18.8%	154,8 k €	+7.8%	143,6 k €	+18.9%	120,8 k €	-44.6%	218 k €	+57.1%	138,8 k €	-38.2%	224,5 k €	+68.6%	133,2 k €	+172%	49 k €
Balance sheet
Equity	9,6 M €	-3.2%	9,9 M €	+0.0%	9,9 M €	+1.0%	9,8 M €	+4.2%	9,4 M €	+2.2%	9,2 M €	+2.1%	9,1 M €	-5.5%	9,6 M €	+14.2%	8,4 M €	+2.1%	8,2 M €	+2.6%	8 M €	+749%	942,9 k €	+5.4%	894,2 k €	+19.1%	750,6 k €	-6.7%	804,9 k €	+5.6%	761,9 k €	+22.3%	623,1 k €	+56.3%	398,6 k €	+48.8%	267,8 k €
Total assets	9,8 M €	-3.4%	10,1 M €	-0.4%	10,2 M €	+0.7%	10,1 M €	+4.2%	9,7 M €	+4.0%	9,3 M €	+1.1%	9,2 M €	-6.0%	9,8 M €	+16.3%	8,4 M €	+1.4%	8,3 M €	+3.7%	8 M €	+645%	1,1 M €	+16.7%	922,1 k €	+19.6%	770,7 k €	-6.1%	820,7 k €	+4.6%	784,5 k €	+22.8%	638,9 k €	+56.0%	409,6 k €	+43.2%	286 k €
Cash	227,3 k €	+109%	108,9 k €	-0.6%	109,5 k €	-28.4%	152,9 k €	-77.5%	680,5 k €	-41.6%	1,2 M €	+18.5%	982,8 k €	-42.0%	1,7 M €	+116%	785,8 k €	+3.2%	761,4 k €	+99.5%	381,7 k €	-1.3%	386,6 k €	+47.7%	261,7 k €	+221%	81,6 k €	+41.5%	57,7 k €	+140%	24,1 k €	-52.4%	50,5 k €	+43.9%	35,1 k €	+6.8%	32,9 k €
Debts	149,4 k €	-10.5%	166,9 k €	-21.5%	212,5 k €	-14.7%	249,1 k €	+5.7%	235,7 k €	+230%	71,5 k €	-55.9%	162,1 k €	-28.1%	225,3 k €	+371%	47,8 k €	-53.4%	102,6 k €	+685%	13,1 k €	-90.2%	132,8 k €	+377%	27,8 k €	+38.3%	20,1 k €	+27.1%	15,8 k €	-30.1%	22,7 k €	+43.8%	15,8 k €	+43.3%	11 k €	-39.6%	18,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Walter Renaat Panis

Director · since 13 décembre 2023

Active

Ended mandates

Walter Panis

Mandate · since 18 décembre 2014

Ended

Walter Renaat Panis

Director · since 18 décembre 2014

Ended

WALTER PANIS

Administrator - manager

Ended

WALTER PANIS

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/07/2026	25/07/2025	01/07/2024	23/06/2023	01/07/2022	15/06/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	25/07/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	23/06/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	01/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	15/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	03/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	02/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	28/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	01/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	26/06/2015	Dutch	PDF
Abridged modelCorrection	31/12/2013	06/06/2014	10/07/2014	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	22/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	18/06/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2025 · 1 active · 4 ended

Active mandates

Walter Renaat Panis

Director · since 13 décembre 2023

Active

Ended mandates

Walter Panis

Mandate · since 18 décembre 2014

Ended

Walter Renaat Panis

Director · since 18 décembre 2014

Ended

WALTER PANIS

Administrator - manager

Ended

WALTER PANIS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/02/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/01/2015
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares07/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other10/07/2008
WIJZIGING DOEL - STATUTEN
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

2025
Annual accounts 2025-4,8 k €↓
2024
Annual accounts 20242,2 k €↓
2023
Annual accounts 2023100 k €↓
2022
Annual accounts 2022395,1 k €↓
2021
Annual accounts 2021516,5 k €↑
2019
Annual accounts 2019187,8 k €↑
2018
Annual accounts 2018132,9 k €↓
2017
Annual accounts 20171,2 M €↑
2016
Annual accounts 2016171,4 k €↓
2015
Annual accounts 2015261 k €↑
2014
Annual accounts 2014125,6 k €↓
2013
Annual accounts 2013154,8 k €↑
2012
Annual accounts 2012143,6 k €↑
2011
Annual accounts 2011120,8 k €↓
2010
Annual accounts 2010218 k €↑
2009
Annual accounts 2009138,8 k €↓
2008
Annual accounts 2008224,5 k €↑
2007
Annual accounts 2007133,2 k €↑
2006
Annual accounts 200649 k €
09/12/1999
IncorporationPrivate 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

WALTER PANIS

Overview

What does WALTER PANIS do?

Trend over 19 financial years

Indicative valuation

Board of directors

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