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 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LE PANORAMA from Houffalize, company number BE0466768057, closed financial year 2025 with a result of € 12,639 after tax. For that financial year LE PANORAMA recorded a gross margin of € 38,125 and equity of € 28,226. Compared with financial year 2024, the result moved from € 15,563 to € 12,639. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 28,226
▲ 101% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,639
▼ 19% vs 2024
Profit after tax over the fiscal year.
€ 5,964
▼ 84% 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 € 6,323.
People and assets in 2025
€ 73
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 8,647
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 60,489
▼ 26% vs 2024
€ 47,860 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 1,940
▼ 82% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,419
▲ € 6,585 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 16,184 | € 17,361 | € 37,505 | € 38,125 | ▲ 2% |
| Profit after taxes | € -6,793 | € -2,380 | € 15,563 | € 12,639 | ▼ 19% |
| Equity | € 7,544 | € 1,524 | € 14,050 | € 28,226 | ▲ 101% |
| Total debts | € 80,163 | € 97,139 | € 94,506 | € 71,555 | ▼ 24% |
| Cash | € 13,085 | € 9,089 | € 36,416 | € 5,964 | ▼ 84% |
| Retained profit | € -19,499 | € -21,880 | € -6,316 | € 6,323 | ▲ € 12,639 |
| Bank debt | € 68,172 | € 81,453 | € 81,411 | € 60,489 | ▼ 26% |
| Balance sheet total | € 87,707 | € 98,663 | € 108,557 | € 99,781 | ▼ 8% |
Key figures of LE 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 31 July 2027.
What happened to LE PANORAMA?
What happened at LE 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 € 12,639 (▼ 19% vs 2024). filed late Source: NBB ↗
- New establishment in Houffalize. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,793 loss in 2022 to € 12,639 profit in 2025.
Paid € 6,931 in corporate taxes since 2022.
Best year ever: 2024, with € 15,563 profit.
Establishments
Establishment units
Physical locations of this company
Rue du Hérou, Nadrin 41
6660 Houffalize
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.768.057
- VAT number
- BE 0466.768.057
- Registered office
- Rue du Hérou, Nadrin 41, 6660 Houffalize
- Names & denominations
- LE PANORAMA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 1999
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant
Eetgelegenheden met volledige bediening