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LE PANORAMA

Active
Private limited companyfounded 1999active for 27 yearsRue du Hérou, Nadrin 41, 6660 Houffalize, BelgiumKBO/BCE: BE 0466.768.057
Summary

LE PANORAMA has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28,226 and a net result of €12,639. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 58% of 1,597 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Official details

Source: KBO
Status
Active since 01-09-1999 Normal situation
Activity
Hotels and similar accommodation NACE 55100and 1 other
Establishment unit
2.092.850.620 6660 Houffalize, since 18-11-1999
Financial year end
31 December
Peppol
Reachable since 19-12-2025

Board and ownership

Board

Financial position

71 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Annual accounts 2025
Gross margin
€38,125
▲ 1.7%
Turnover
≈ €150,000
estimated
Profit
€12,639
▼ 18.8%
Equity
€28,226
▲ 101%
Total assets
€99,781
▼ 8.1%
Staff
≈ 0 FTE
estimated
  • 2025 accounts filed 61 days after the deadline
Score breakdownraises riskLast filed accounts filed 61 days late; 3 of the last 3 accounts lateLiquidity: current ratio 0.44, cash €5,964, halvedlowers riskFounded in 1999Size: total assets €99,781Show the evidence

Checked score

Score 2025
71 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 64% of micro companies in accommodation (NACE 55)
Financial strength · tick: 2024
Average
Solvency 53+15
equity 28.3% of total assets
Liquidity 27-32
short-term debt 58.8% · cash 6.0%
Profitability 85-2
return on assets 12.7%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,521 companies, NACE 55, micro)
Last 24 months 12-2024: 0.7% 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.6%▼ -0.1 percentage points vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 1.1%▲ +0.4 percentage points vs 07-2025 09-2025: 1.3%▲ +0.2 percentage points vs 08-2025highest value 10-2025: 0.5%▼ -0.8 percentage points vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026lowest value 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.2 percentage points vs 07-2026 09-2026: 0.9%▲ +0.2 percentage points vs 08-2026 10-2026: 0.6%▼ -0.3 percentage points vs 09-2026 11-2026: 0.6%● unchanged vs 10-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.44 (0.62 in 2024), below 1. Short-term debt is 58.8% and cash 6% of total assets. 71.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro). It does better than 55% of them on solvency, 23% on liquidity, 86% on profitability and 93% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Last filed accounts filed 61 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 1999
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €99,781
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.44, cash €5,964, halved
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €28,226
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
61 days late
2024
61 days late
2023
86 days late
2022
92 days late
2021
92 days late
2020
91 days late
2019
146 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 90 days after the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Recent changes

  1. · Gazette deed Resignation: Stéphan VOETS (director)Reappointment: Stéphan VOETS (director)
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as LE PANORAMA: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €89,400 and €142,000, founded between 1991 and 2005.

CompanyTotal assetsGross margin
LE PANORAMA Houffalize€99,781€38,125
GRANDRU Vaux-sur-Sûre€89,382€38,241
LES OLIVETTES La Roche-en-Ardenne€132,043€49,517
LE CHALET La Roche-en-Ardenne€132,375€35,951
HUMAGEST Sint-Pieters-Leeuw€121,057€51,277
PORTE DE LA LIENNE Stoumont€99,013€32,546
ERASMUS HOTEL RESTAURANT Gent€142,155€45,929
Full comparison

Key facts about LE PANORAMA

What is the company number of LE PANORAMA?
The company number of LE PANORAMA is 0466.768.057. The VAT number is the same number with BE in front: BE 0466.768.057.
Where is LE PANORAMA based?
The registered office is at Rue du Hérou, Nadrin 41, 6660 Houffalize.Company details
What does LE PANORAMA do?
According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
What is the legal form of LE PANORAMA?
The legal form of LE PANORAMA is Private limited company (BV).
When was LE PANORAMA founded?
LE PANORAMA was founded on 01-09-1999.
Is LE PANORAMA still active?
Yes, LE PANORAMA is an active enterprise in the KBO register.
How many employees does LE PANORAMA have?
LE PANORAMA had an average of 0.1 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
What is the turnover of LE PANORAMA?
The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €38,125 and 2,954 comparable companies of the same size. It probably lies between €92,000 and €280,000. It is a rough estimate.
Is LE PANORAMA profitable?
In financial year 2025, LE PANORAMA made a profit of €12,639.
Where can I find the annual accounts of LE PANORAMA?
LE PANORAMA filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LE PANORAMA due?
LE PANORAMA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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