PANCO
0806.514.715 · rovalta.com · 21/09/2026
ACTIVE
PANCO
Financial year 2025 · closed on 30/09/2025
Net result
-5,9 k €
-129.1% YoY
Gross margin
52,6 k €
-25.7% YoY
Equity
5,6 k €
-51.0% YoY
Overview
What does PANCO do?
PANCO is a Private limited company incorporated in 2008. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Kalmthout.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0806.514.715
Incorporation
15/09/2008
Legal form
Private limited company
Registered office
Onderzeel (C) 4 box J
2920 Kalmthout · FlandreSee on map
2920 Kalmthout · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Activities (NACE)
Signals
Positive cashflowPositive EBITDA
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Financials
Trend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||
| Gross margin | 52,6 k € | -25.7% | 70,9 k € | +7.4% | 66 k € | +796% | 7,4 k € | -49.2% | 14,5 k € | -45.5% | 26,6 k € | +311% | -12,6 k € | +77.8% | -56,8 k € | -321% | 25,7 k € | -54.6% | 56,6 k € | +404% | 11,2 k € | -68.1% | 35,1 k € | +57.6% | 22,3 k € | +50.1% | 14,8 k € | +109% | 7,1 k € | +171% | -10,1 k € | +68.1% | -31,6 k € |
| EBITDA | 40,3 k € | -27.8% | 55,8 k € | -4.9% | 58,7 k € | +1739% | 3,2 k € | -77.4% | 14,1 k € | -46.2% | 26,2 k € | +295% | -13,5 k € | +76.5% | -57,2 k € | -335% | 24,3 k € | -51.7% | 50,3 k € | +497% | 8,4 k € | -74.1% | 32,6 k € | +73.1% | 18,8 k € | +10946% | -173,5 € | -104% | 4,5 k € | +136% | -12,7 k € | +62.7% | -34 k € |
| Operating result | -4,6 k € | -120% | 23,7 k € | -15.0% | 27,9 k € | +5037% | 542,6 € | -95.6% | 12,3 k € | -48.9% | 24,2 k € | +255% | -15,5 k € | +75.1% | -62,5 k € | -384% | 22 k € | +95.3% | 11,3 k € | +134% | -33,3 k € | -914% | -3,3 k € | +88.3% | -28 k € | +32.9% | -41,7 k € | -44.7% | -28,9 k € | -7.4% | -26,9 k € | +41.7% | -46,1 k € |
| Net result | -5,9 k € | -129% | 20,1 k € | -22.2% | 25,9 k € | +1810% | -1,5 k € | -113% | 12 k € | -50.3% | 24,1 k € | +250% | -16,1 k € | +74.4% | -62,8 k € | -141% | 152,2 k € | +1390% | 10,2 k € | +129% | -34,8 k € | -2579% | 1,4 k € | +105% | -27 k € | -223% | -8,4 k € | +71.3% | -29,1 k € | -7.4% | -27,1 k € | +41.3% | -46,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||
| Equity | 5,6 k € | -51.0% | 11,5 k € | +234% | -8,6 k € | +75.0% | -34,5 k € | -4.6% | -33 k € | +26.6% | -44,9 k € | +34.9% | -69 k € | -30.4% | -52,9 k € | -634% | 9,9 k € | +107% | -142,3 k € | +6.7% | -152,5 k € | -29.5% | -117,8 k € | +1.2% | -119,2 k € | -29.3% | -92,1 k € | -10.0% | -83,8 k € | -53.3% | -54,7 k € | -98.3% | -27,6 k € |
| Total assets | 194,2 k € | -14.8% | 227,9 k € | -14.4% | 266,4 k € | -2.3% | 272,6 k € | +73.7% | 156,9 k € | +6.4% | 147,5 k € | -1.3% | 149,4 k € | -7.6% | 161,7 k € | -21.6% | 206,2 k € | +106% | 100,2 k € | +13.5% | 88,3 k € | -48.8% | 172,4 k € | +22.5% | 140,7 k € | -22.6% | 181,8 k € | +53.8% | 118,2 k € | +15.7% | 102,1 k € | +25.5% | 81,3 k € |
| Cash | 32,3 k € | +5.2% | 30,7 k € | -64.0% | 85,2 k € | +118% | 39,1 k € | -42.5% | 68 k € | +221% | 21,2 k € | -14.9% | 24,9 k € | +915% | 2,5 k € | -95.5% | 54,6 k € | +267% | 14,9 k € | +154% | 5,8 k € | -22.3% | 7,5 k € | -11.2% | 8,5 k € | +1413% | 560 € | -95.8% | 13,3 k € | +898% | 1,3 k € | -83.8% | 8,3 k € |
| Debts | 188,6 k € | -12.8% | 216,1 k € | -21.4% | 275 k € | -10.5% | 307,1 k € | +61.7% | 189,9 k € | -1.3% | 192,4 k € | -11.9% | 218,4 k € | +1.8% | 214,6 k € | +9.3% | 196,3 k € | -19.0% | 242,5 k € | +0.7% | 240,8 k € | -17.0% | 290,2 k € | +11.7% | 259,9 k € | -5.1% | 273,9 k € | +35.6% | 201,9 k € | +28.8% | 156,8 k € | +44.0% | 108,9 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 1 active · 9 ended
Active mandates
Christophe Pannier
ActiveEnded mandates
Victor Pannier
EndedChristophe Philippe G Pannier
EndedChristophe Philippe G Pannier
EndedVictor Pannier
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
Aigis Development● Active | 0675.672.405 |
DDL CONSTRUCT● Active | 0715.977.091 |
DDL REAL ESTATE● Active | 0731.729.002 |
DDL Real Estate groep● Active | 0782.466.633 |
DRIEHOEK● Active | 0434.626.415 |
Ground Phoenix● Active | 0792.581.060 |
Industrial Piping & Maintenance● Active | 0717.585.808 |
Phoenix Construct● Active | 0753.809.566 |
TIBURON● Active | 0882.047.427 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| 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 | 12 months |
| Filing date | 01/04/2026 | 09/04/2025 | 28/03/2024 | 28/04/2023 | 01/03/2022 | 12/03/2021 |
| General meeting | 06/02/2026 | 07/02/2025 | 02/02/2024 | 03/02/2023 | 04/02/2022 | 05/02/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
17 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 30/09/2025 | 06/02/2026 | 01/04/2026 | Dutch | |
| Micro model | 30/09/2024 | 07/02/2025 | 09/04/2025 | Dutch | |
| Micro model | 30/09/2023 | 02/02/2024 | 28/03/2024 | Dutch | |
| Micro model | 30/09/2022 | 03/02/2023 | 28/04/2023 | Dutch | |
| Micro model | 30/09/2021 | 04/02/2022 | 01/03/2022 | Dutch | |
| Micro model | 30/09/2020 | 05/02/2021 | 12/03/2021 | Dutch | |
| Micro model | 30/09/2019 | 07/02/2020 | 13/07/2020 | Dutch | |
| Micro model | 30/09/2018 | 01/02/2019 | 29/03/2019 | Dutch | |
| Micro model | 30/09/2017 | 18/11/2017 | 21/11/2017 | Dutch | |
| Abridged model | 30/09/2016 | 11/03/2017 | 27/03/2017 | Dutch | |
| Abridged model | 30/09/2015 | 04/03/2016 | 31/03/2016 | Dutch | |
| Abridged model | 30/09/2014 | 06/03/2015 | 27/03/2015 | Dutch | |
| Abridged model | 30/09/2013 | 07/02/2014 | 10/02/2014 | Dutch | |
| Abridged model | 30/09/2012 | 22/02/2013 | 26/02/2013 | Dutch | |
| Abridged model | 30/09/2011 | 09/03/2012 | 21/03/2012 | Dutch | |
| Abridged model | 30/09/2010 | 04/02/2011 | 15/02/2011 | Dutch | |
| Abridged model | 30/09/2009 | 05/02/2010 | 08/02/2010 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 k€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 1 active · 9 ended
Active mandates
Christophe Pannier
ActiveEnded mandates
Victor Pannier
EndedChristophe Philippe G Pannier
EndedChristophe Philippe G Pannier
EndedVictor Pannier
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates31/01/2025ONTSLAGEN - BENOEMINGEN
- Mandates20/04/2022STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
- Mandates26/11/2013BENAMING - ONTSLAGEN - BENOEMINGEN
- Other01/10/2008RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-5,9 k €↓
- 2024Annual accounts 202420,1 k €↓
- 2023Annual accounts 202325,9 k €↑
- 2022Annual accounts 2022-1,5 k €↓
- 2021Annual accounts 202112 k €↓
- 2020Annual accounts 202024,1 k €↑
- 2019Annual accounts 2019-16,1 k €↑
- 2018Annual accounts 2018-62,8 k €↓
- 2017Annual accounts 2017152,2 k €↑
- 2016Annual accounts 201610,2 k €↑
- 2015Annual accounts 2015-34,8 k €↓
- 2014Annual accounts 20141,4 k €↑
- 2013Annual accounts 2013-27 k €↓
- 2012Annual accounts 2012-8,4 k €↑
- 2011Annual accounts 2011-29,1 k €↓
- 2010Annual accounts 2010-27,1 k €↑
- 2009Annual accounts 2009-46,2 k €
- 15/09/2008IncorporationPrivate limited company