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 27 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
PANORAMA from Hoeilaart, company number BE0712847159, closed financial year 2025 with a result of € 70,895 after tax. For that financial year PANORAMA recorded a gross margin of € 190,816 and equity of € 132,281. Compared with financial year 2024, the result moved from € -28,787 to € 70,895. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.
€ 132,281
▲ 115% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 70,895
▲ still € 28,787 loss in 2024
Profit after tax over the fiscal year.
€ 164,467
▲ € 131,766 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 € 113,681.
People and assets in 2025
€ 8,832
▲ 102% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 8% vs 2024
€ 90,933 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 14,031
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 331
▼ 31% 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 | € 309,561 | € 108,924 | € 105,557 | € 190,816 | ▲ 81% |
| Profit after taxes | € 157,733 | € -15,499 | € -28,787 | € 70,895 | ▲ € 99,682 |
| Equity | € 105,671 | € 90,172 | € 61,386 | € 132,281 | ▲ 115% |
| Total debts | € 1,820,110 | € 1,540,790 | € 1,614,641 | € 1,580,161 | ▼ 2% |
| Cash | € 229,992 | € 3,743 | € 32,701 | € 164,467 | ▲ € 131,766 |
| Land & buildings | € 1,649,239 | € 1,592,484 | € 1,638,608 | € 1,433,229 | ▼ 13% |
| Retained profit | € 87,071 | € 71,572 | € 42,786 | € 113,681 | ▲ 166% |
| Bank debt | € 1,311,215 | € 1,233,504 | € 1,148,197 | € 1,056,670 | ▼ 8% |
| Balance sheet total | € 1,925,781 | € 1,630,962 | € 1,676,027 | € 1,728,518 | ▲ 3% |
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 31 July 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 € 70,895. filed late Source: NBB ↗
- New establishment in Hoeilaart. KBO
- Start of the company according to the CBE. KBO
In short
From € 157,733 profit in 2022 to € 70,895 profit in 2025.
Paid € 27,649 in corporate taxes since 2022.
Best year ever: 2022, with € 157,733 profit.
Management
Behind PANORAMA is Pierre Cesar Vandegenachte.
Directors
According to the 2025 annual accounts
Pierre Cesar Vandegenachte
Director
Establishments
Establishment units
Physical locations of this company
Karrenbergstraat 22
1560 Hoeilaart
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0712.847.159
- VAT number
- BE 0712.847.159
- Registered office
- Karrenbergstraat 22, 1560 Hoeilaart
- Names & denominations
- PANORAMA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 November 2018
- Peppol
- Not registered
- Contact
- [email protected] +32477470251
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen