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Generated 25-07-2026
Active BE 0690.885.270Private limited company (pre-2019)

PANORAMA

Driezenstraat 34 ·2300 Turnhout, Belgium· 8 yrs active
Sector: NACE 90391 (90391)
Conclusion Checked

The computed 12-month bankruptcy probability of PANORAMA is 0.7% (low). The 2023 annual accounts show negative equity (€-97k) and a net result of €-171k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 499 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €-97k
Net result €-171k
Staff (FTE) 19.7
Better than sector 10%
Snowflake analysis 5 axes · computed by Checked
Health7Profitability100Solvency33Growth32Stability100
54 / 100

Mixed profile: strong on profitability, weaker on health.

Health 7
Profitability 100
Solvency 33
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.7% Low
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Lower-failure-rate sector −Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2023 · computed
7 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview6 NBB filings
Annual accounts filed on 31-10-2024 with the NBB · fiscal year 2023 · micro
€-200k€-100k€0Operating result 2019: €10k€10kNet result 2019: €7k€7kOperating result 2020: €47k€47kNet result 2020: €36k€36kOperating result 2021: €11k€11kNet result 2021: €8k€8kOperating result 2022: €-7k€-7kNet result 2022: €-9k€-9kOperating result 2023: €-154k€-154kNet result 2023: €-171k€-171k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~9.2%/year over 6 fiscal years, indicative, assuming unchanged policy.
€-100k€0€100k€200k2024: €80k (€54k - €107k)2025: €87k (€45k - €129k)2026: €94k (€36k - €152k)2018: €31k2019: €38k2020: €75k2021: €83k2022: €74k2023: €-97k201820192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 90 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -51.5% 45.6%
better than 10% of 499 sector peers
Net result €-171k €8k
better than 5% of 499 sector peers
Equity €-97k €22k
better than 5% of 499 sector peers
Gross operating margin €87k €19k
better than 85% of 498 sector peers
Staff costs €174k €20k
higher than 81% of 83 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-88k
- far below sector median
Net profit
€-171k
-1889.3% far below sector median
Cash flow
€-106k
- far below sector median
Total assets
€189k
+87.1% +21% vs sector
Equity
€-97k
- far below sector median
Working capital
€-197k
- far below sector median
Employees (FTE)
20
+41.7% far above sector median
Staff costs
€174k
+98.5% -52% vs sector
Income taxes
€2k
-70.3% -41% vs sector
Debt
€286k
+969.2% +258% vs sector
Debt ≤ 1y
€215k
+1183.4% far above sector median
Debt > 1y
€71k
+610.4% 18-23
Current ratio
0.08
-97.5% -97% vs sector
Quick ratio
0.08
-97.5% -97% vs sector
Solvency
-51.5%
- far below sector median
Debt / equity
-2.94
- far below sector median
ROE
176.2%
- far above sector median
ROA
-90.8%
-963.1% far below sector median
Interest coverage
-5.04
- +98% vs sector
Figures by fiscal year
Fiscal year2023
Revenue-
EBITDA€-88k
Net profit€-171k
Cash flow€-106k
Staff costs€174k
Income taxes-
Dividends-
Total assets€189k
Equity€-97k
Debt€286k
of which ≤ 1y€215k
of which > 1y€71k
Working capital€-197k
Employees (FTE)19.7
Ratios (computed)
2023
Current ratio0.08
Quick ratio0.08
Working capital ratio-104.4%
Solvency-51.5%
Debt / equity-2.94
Long-term debt ratio-0.73
Interest coverage-5.04
Gross margin-
Net margin-
ROA-90.8%
ROE176.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€189k
Fixed assets 21/28€171k
Tangible fixed assets 22/27€167k
Financial fixed assets 28€4k
Current assets 29/58€18k
Amounts receivable within one year 40/41€15k
Cash & bank 54/58€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€189k
Equity 10/15€-97k
Contributions / capital 10/11€20k
Reserves 13€62k
Accumulated profits (losses) 14€-180k
Amounts payable 17/49€286k
Amounts payable after one year 17€71k
Amounts payable within one year 42/48€215k
Trade debts payable within one year 44€40k
Income statement
Gross operating margin 9900€87k
Operating result 9901€-154k
Financial charges 65€17k
Result before taxes 9903€-171k
Net result for the period 9904€-171k
Result to be appropriated 9905€-171k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 5 directors
Current directors & mandates
  • BV YSLegal entity
    Director· perm. rep.: Yves Sylverans
    State Gazette act 24083337 (03-06-2024)
    Current
    01-04-2024 → present
  • BV Bama ManagementLegal entity
    Director· perm. rep.: Mathias Baeten
    State Gazette act 21102003 (25-08-2021)
    Current
    01-07-2021 → present
  • BV Phibo ManagementLegal entity
    Director· perm. rep.: Philippe Boermans
    State Gazette act 21102003 (25-08-2021)
    Current
    01-07-2021 → present
Former directors (2)
  • Mathias Baeten
    Director
    State Gazette act 21102003 (25-08-2021)
    Former
    - → 01-07-2021
  • Philippe Boermans
    Director
    State Gazette act 21102003 (25-08-2021)
    Former
    - → 01-07-2021
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary 90391
Legal form Private limited company (pre-2019)(015)
Incorporation22-02-2018
StatusActive
Postal code2300
Connections & network 1 connected companies
Network connections
KOLLEKTIV PRODUCTIONS
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Establishment units 1 location
Panorama Zomerbar
Uitbreidingstraat 2, 2300 TurnhoutCafés en bars
since 20232.340.277.527
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13040B0943/00G000 Flanders 1,263 m² 1 · 198 m² 6.5 m · 1 fl.
13453T0133/00Y002 Flanders 230 m² 1 · 100 m² 11.0 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
27-03-2026
State Gazette act Registered office
Board meeting · Registered-office move · Power of attorney
2024
31-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
26-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
27-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
02-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
02-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
08-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
Belgisch Staatsblad, acts 6 acts
Address history · 2
27-03-2026
Registered-office move
27-06-2019
v3.2
All acts · 6 updated 4 months ago
2026
27-03-2026 Registered office moved within Turnhout Registered-office change
  • Zegeplein 14, 2300 Turnhout → Driezenstraat 34, 2300 Turnhout
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Driezenstraat 34, 2300 Turnhout",
        "city": "Turnhout",
        "region": "vlaams_gewest",
        "street": "Driezenstraat",
        "country": "BE",
        "postcode": "2300",
        "box_number": null,
        "street_number": "34",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Zegeplein 14, 2300 Turnhout",
        "city": "Turnhout",
        "region": "vlaams_gewest",
        "street": "Zegeplein",
        "country": "BE",
        "postcode": "2300",
        "box_number": null,
        "street_number": "14",
        "locality_suffix": null
      },
      "effective_date": "2026-03-05",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2026-03-27",
    "filing_date": "2026-03-19",
    "act_kind_objet": "Zetel (zetelverplaatsing)"
  },
  "decision": {
    "body": "enige_bestuurder",
    "date": "2025-03-05",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0690.885.270",
    "name_full": "PANORAMA",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": "0707.550.167",
    "org_name": "BV HB Accountants",
    "person_name": "Bart Huybrechts",
    "org_rep_person_name": "Bart Huybrechts",
    "person_role_at_subject": "vaste vertegenwoordiger"
  },
  "co_filed_documents": [
    "de notulen van de bestuursvergadering dd. 05/03/2025"
  ]
}
2024
02-08-2024 BV YS resigns as director Director changes
  • BV YS, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BV YS",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2024-07-01",
      "evidence_quote": "De algemene vergadering beslist tot het ontslag van BV YS, met zetel te 2300 Turnhout Herentalsstraat 31/5, als niet-statutaire bestuurder, en dit met ingang op 01/07/2024. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
      "discharge_granted": true
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0690.885.270",
    "name_full": "PANORAMA",
    "legal_form": "BV"
  }
}
03-06-2024 1 director appointed, 1 resigning Director changes
  • Yves Sylverans, Bestuurder
  • BV BAMA MANAGEMENT, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BV BAMA MANAGEMENT",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2024-04-01",
      "evidence_quote": "De algemene vergadering beslist tot het ontslag van BV BAMA MANAGEMENT als niet-statutaire bestuurder, en dit met ingang op 01/04/2024. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
      "discharge_granted": true
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Yves Sylverans",
        "address": null,
        "birth_date": null
      },
      "via_org": {
        "kbo": null,
        "name": "BV YS",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "effective_date": "2024-04-01",
      "evidence_quote": "De algemene vergadering beslist tot de benoeming van BV YS als niet-statutaire bestuurder, met dhr Yves Sylverans als vaste vertegenwoordiger, en dit met ingang op 01/04/2024."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0690.885.270",
    "name_full": "PANORAMA",
    "legal_form": "BV"
  }
}
2021
25-08-2021 2 directors appointed, 2 resigning Director changes
  • Mathias Baeten, Bestuurder
  • Philippe Boermans, Bestuurder
  • Philippe Boermans, Bestuurder
  • Mathias Baeten, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Philippe Boermans",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2021-07-01",
      "evidence_quote": "Er wordt met \u00E9\u00E9nparigheid van stemmen beslist om de Heer Boermans Philippe en de Heer Baeten Mathias te ontslaan als bestuurders en dit vanaf heden, 01 juli 2021. Er wordt d\u00E9charge verleend voor hun ambt tot op heden.",
      "discharge_granted": true
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Mathias Baeten",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2021-07-01",
      "evidence_quote": "Er wordt met \u00E9\u00E9nparigheid van stemmen beslist om de Heer Boermans Philippe en de Heer Baeten Mathias te ontslaan als bestuurders en dit vanaf heden, 01 juli 2021. Er wordt d\u00E9charge verleend voor hun ambt tot op heden.",
      "discharge_granted": true
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Mathias Baeten",
        "address": null,
        "birth_date": null
      },
      "via_org": {
        "kbo": null,
        "name": "BV Bama Management",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "effective_date": "2021-07-01",
      "evidence_quote": "Er wordt met \u00E9\u00E9nparigheid van stemmen beslist om de BV Bama Management, vertegenwoordigd door haar vaste vertegenwoordiger, de Heer Baeten Mathias en de BV Phibo Management, vertegenwoordigd door haar vaste vertegenwoordiger, de Heer Boermans Philippe te benoemen tot bestuurders, en dit vanaf heden "
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Philippe Boermans",
        "address": null,
        "birth_date": null
      },
      "via_org": {
        "kbo": null,
        "name": "BV Phibo Management",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "effective_date": "2021-07-01",
      "evidence_quote": "Er wordt met \u00E9\u00E9nparigheid van stemmen beslist om de BV Bama Management, vertegenwoordigd door haar vaste vertegenwoordiger, de Heer Baeten Mathias en de BV Phibo Management, vertegenwoordigd door haar vaste vertegenwoordiger, de Heer Boermans Philippe te benoemen tot bestuurders, en dit vanaf heden "
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0690.885.270",
    "name_full": "PANORAMA",
    "legal_form": "BVBA"
  }
}
2019
27-06-2019 Registered office moved from Vosselaar to Turnhout Registered-office change
  • Koolhof 32, 2350 Vosselaar → Engelenstraat 35, 2300 Turnhout
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Turnhout",
        "region": null,
        "street": "Engelenstraat",
        "country": "BE",
        "postcode": "2300",
        "box_number": null,
        "street_number": "35"
      },
      "old_address": {
        "city": "Vosselaar",
        "region": null,
        "street": "Koolhof",
        "country": "BE",
        "postcode": "2350",
        "box_number": "2",
        "street_number": "32"
      },
      "effective_date": "2019-06-12",
      "evidence_quote": "beslist om de maatschappelijke zetel te verplaatsen van Koolhof 32 bus 2 te 2350 Vosselaar naar Swat Engelenstraat 35 te 2300 Turnhout en dit met ingang vanaf heden, 12 juni 2019."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0690.885.270",
    "name_full": "PANORAMA",
    "legal_form": "BVBA"
  }
}
2018
07-03-2018 Incorporation of a new BV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "2350 Vosselaar, Koolhof 32/2",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "Philippe Ernest Leen Boermans",
        "niss": null,
        "address": "2300 Turnhout, Corbeelsstraat 10"
      },
      "share_class": null,
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 9300,
      "holder_person_name": "Philippe Ernest Leen Boermans",
      "is_subscriber_only": false,
      "n_shares_subscribed": null,
      "amount_subscribed_eur": 9300,
      "is_anonymous_silent_partner": false
    },
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "Mathias Baeten",
        "niss": null,
        "address": "2340 Beerse, Oostmalseweg 107"
      },
      "share_class": null,
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 9300,
      "holder_person_name": "Mathias Baeten",
      "is_subscriber_only": false,
      "n_shares_subscribed": null,
      "amount_subscribed_eur": 9300,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 18600,
  "subject_company": {
    "kbo": "0690.885.270",
    "name_full": "Panorama",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2018-02-22",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Cafés en bars56301Cafés en bars56301Promotie en organisatie van uitvoerende kunstevenementen90021Promotie en organisatie van scheppende en uitvoerende kunstevenementen90391Cafés en bars56301Cafés en bars56301
Primary activity highlighted.
Names & trade names
Legal nameNL PANORAMA
Registered office
Driezenstraat 34
2300 Turnhout, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative