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PANORAMA

Active
Private limited company (pre-2019)founded 2018active for 8 yearsDriezenstraat 34, 2300 Turnhout, BelgiumKBO/BCE: BE 0690.885.270
Summary

The computed 12-month bankruptcy probability of PANORAMA is 8.2% (elevated). The 2024 annual accounts show negative equity (-€155,084) and a net result of -€57,819. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 8% of 2,466 sector peers (NACE 90, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 22-02-2018 Normal situation
Activity
Promotion and organisation of arts and performing arts events NACE 90391and 1 other
Joint committee
302 Paritair Comité voor het hotelbedrijf · annual accounts 2024
Establishment unit
2.340.277.527 2300 Turnhout, since 01-02-2023
Financial year end
31 December
Peppol
Reachable since 31-10-2023

Board and ownership

Board
  • Boermans PhilippeDirector
Shareholders

Financial position

31 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
8.2%
Annual accounts 2024
Gross margin
€84,047
▼ 3.8%
Turnover
≈ €250,000
estimated
Loss
€57,819
▼ 66.3%
Equity
-€155,084
▼ 59.4%
Total assets
€158,582
▼ 16.0%
Staff
19.7 FTE
=
  • Negative equity on 31-12-2024
  • 2025 accounts not filed, 94 days past the deadline
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 382 days late; 2 of the last 3 accounts late1 change of registered office in 24 monthsFigures for financial year 2024 (filed on 17-08-2026)lowers riskSector: Arts creation and performing arts activities (NACE 90)Show the evidence

Checked score

Score 2024
31 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 7% of micro companies in creative and performing arts (NACE 90)
Financial strength · tick: 2023
Weak
Solvency 0=
equity -97.8% of total assets
Liquidity 7+5
short-term debt 181.8% · cash 5.5%
Profitability 0=
return on assets -36.5%
Bankruptcy probability within 12 months
8.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,429 companies, NACE 90, micro)
Last 24 months 12-2024: 4.1% 01-2025: 4.1%● unchanged vs 12-2024 02-2025: 4.1%● unchanged vs 01-2025 03-2025: 4.0%▼ -0.1 percentage points vs 02-2025 04-2025: 4.0%● unchanged vs 03-2025 05-2025: 3.7%▼ -0.3 percentage points vs 04-2025 06-2025: 3.6%▼ -0.1 percentage points vs 05-2025lowest value 07-2025: 3.6%● unchanged vs 06-2025 08-2025: 4.2%▲ +0.6 percentage points vs 07-2025 09-2025: 5.0%▲ +0.8 percentage points vs 08-2025 10-2025: 6.4%▲ +1.4 percentage points vs 09-2025 11-2025: 6.6%▲ +0.2 percentage points vs 10-2025 12-2025: 7.3%▲ +0.7 percentage points vs 11-2025 01-2026: 9.3%▲ +2.0 percentage points vs 12-2025 02-2026: 9.3%● unchanged vs 01-2026 03-2026: 9.5%▲ +0.2 percentage points vs 02-2026 04-2026: 14.9%▲ +5.4 percentage points vs 03-2026highest value 05-2026: 14.9%● unchanged vs 04-2026highest value 06-2026: 14.7%▼ -0.2 percentage points vs 05-2026 07-2026: 8.5%▼ -6.2 percentage points vs 06-2026 08-2026: 10.5%▲ +2.0 percentage points vs 07-2026 09-2026: 7.8%▼ -2.7 percentage points vs 08-2026 10-2026: 8.2%▲ +0.4 percentage points vs 09-2026 11-2026: 8.2%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.1 (0.08 in 2023), below 1. Short-term debt is 181.8% and cash 5.5% of total assets. Equity is negative.
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 90, micro). It does better than 6% of them on solvency, 6% on liquidity, 7% on profitability and 11% on growth.

The bankruptcy probability was computed on 02-11-2026 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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Signals

Seven signals.
lowers riskraises risk
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 382 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Sector: Arts creation and performing arts activities (NACE 90)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Figures for financial year 2024 (filed on 17-08-2026)
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€155,084
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 94 days later.
NBB · 7 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline02-11-2026 today
raises risk · 2024 accounts filed 382 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-08-2026, 382 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 7 filings
Deviation from the deadline
2025
not filed
2024
382 days late
2023
92 days late
2022
5 days early
2021
34 days early
2020
29 days early
2019
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 63 days after the deadline. In the sector (NACE 90), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2024 -€155,084 View
  • Risk: 3 loss-making years in a rowloss in financial year 2024 -€57,819 View
  • Caution: Lower net result than 95% of companies in creative and performing artssector median €6,380 · 2,468 companies -€57,819 View
  • Caution: Equity fell in 2024from -€97,265 to -€155,084 ▼ 59.4% View

Recent changes

  1. · Gazette deed Registered office moved within TurnhoutPermanent representative: Bart Huybrechts
  2. · Gazette deed Resignation: BV YS (director)
  3. · Gazette deed Registered office moved within TurnhoutResignation: BV BAMA MANAGEMENT (director) · Appointment: BV YS (director) · Permanent representative: Yves Sylverans
All 14 events

Comparable companies

These companies have the same main activity as PANORAMA: promotion and organisation of arts and performing arts events (NACE 90391). They are comparable in size and age: total assets between €91,400 and €193,000, founded between 2015 and 2018.

CompanyTotal assetsGross margin
PANORAMA Turnhout€158,582€84,047
FOX THE FOX Ukkel€192,706€71,565
Onstage Mechelen€91,362€82,773
Atelier Jonas Gent€127,185€62,079
STRANGE PEOPLE Gent€114,490€55,998
Nationale 8 Gallery Ukkel€159,643€44,465
NIELEN Zemst€164,234€48,948
Full comparison

Key facts about PANORAMA

What is the company number of PANORAMA?
The company number of PANORAMA is 0690.885.270. The VAT number is the same number with BE in front: BE 0690.885.270.
Where is PANORAMA based?
The registered office is at Driezenstraat 34, 2300 Turnhout.Company details
What does PANORAMA do?
According to the KBO register, the main activity is promotion and organisation of arts and performing arts events (NACE 90391).
What is the legal form of PANORAMA?
The legal form of PANORAMA is Private limited company (pre-2019) (BVBA).
When was PANORAMA founded?
PANORAMA was founded on 22-02-2018.
Is PANORAMA still active?
Yes, PANORAMA is an active enterprise in the KBO register.
How many employees does PANORAMA have?
PANORAMA had an average of 19.7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
Which joint committee does PANORAMA fall under?
In its 2024 annual accounts, PANORAMA states joint committee 302 (Paritair Comité voor het hotelbedrijf).
What is the turnover of PANORAMA?
The turnover in financial year 2024 is ≈ €250,000. This figure is estimated from the gross margin of €84,047 and 2,672 comparable companies of the same size. It probably lies between €170,000 and €440,000. It is a rough estimate.
Is PANORAMA profitable?
In financial year 2024, PANORAMA made a loss of €57,819.
Where can I find the annual accounts of PANORAMA?
PANORAMA filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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