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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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PANORAMA from Leuven, company number BE0446937891, closed financial year 2025 with a result of € 547,225 after tax. For that financial year PANORAMA recorded a gross margin of € 1 million and equity of € 2.7 million. Compared with financial year 2024, the result moved from € 126,683 to € 547,225. 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 December 10, 2025.
€ 2.7 million
▲ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 547,225
▲ € 420,542 vs 2024
Profit after tax over the fiscal year.
€ 418,057
▲ 269% 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 € 1.2 million.
Debts at end 2025
€ 1.2 million
▲ 9% vs 2024
Loans from banks and other lenders, long and short.
€ 15,017
▲ € 14,834 vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 198,954 | € 413,248 | € 404,978 | € 1,009,672 | ▲ 149% |
| Profit after taxes | € 3,161 | € 163,168 | € 126,683 | € 547,225 | ▲ € 420,542 |
| Equity | € 1,892,288 | € 2,055,455 | € 2,182,138 | € 2,729,363 | ▲ 25% |
| Total debts | € 1,458,350 | € 1,484,734 | € 1,823,104 | € 2,319,052 | ▲ 27% |
| Cash | € 220,777 | € 506,758 | € 113,329 | € 418,057 | ▲ 269% |
| Land & buildings | € 2,813,008 | € 2,705,163 | € 3,545,181 | € 4,548,513 | ▲ 28% |
| Retained profit | € 392,138 | € 555,305 | € 681,988 | € 1,229,213 | ▲ 80% |
| Bank debt | € 892,207 | € 897,209 | € 1,057,500 | € 1,157,500 | ▲ 9% |
| Balance sheet total | € 3,350,638 | € 3,592,134 | € 4,116,810 | € 5,363,938 | ▲ 30% |
Key figures of PANORAMA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to PANORAMA?
What happened at PANORAMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 547,225 (▲ € 420,542 vs 2024). Source: NBB ↗
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,161 profit in 2022 to € 547,225 profit in 2025.
Paid € 12,752 in corporate taxes since 2022.
Best year ever: 2025, with € 547,225 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind PANORAMA are FREDDY SCHROEDERS, SOFIE SCHROEDERS and MONIQUE VICCA. It owns 20% of MAHORA INVEST NV itself.
Directors
According to the 2025 annual accounts
SOFIE SCHROEDERS
Director
MONIQUE VICCA
Director
Establishments
Establishment units
Physical locations of this company
Refugehof 9 box 9.01
3000 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →VME "Residentie Mendel" te Leuven, Refugehof 9.
VME Garagecomplex Fase II in residentie Mendel te Leuven, Refugehof 9.
Notenkraker - Abbeyfieldhuis vzw
MENDEL
SOUFFLEUR
+1 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
- 0446.937.891
- VAT number
- BE 0446.937.891
- Registered office
- Refugehof 9 bus 9.01, 3000 Leuven
- Names & denominations
- PANORAMA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 March 1992
- Peppol
- Active · Active since 12 Feb 2025
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen