Panorama-sur-Semois
ActiveThe computed 12-month bankruptcy probability of Panorama-sur-Semois is 2.8% (moderate). The 2025 annual accounts show equity of €537k and a net result of €-112k. Its solvency ranks better than 49% of 688 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▼-13
Solvency51▼-5
Growth32
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days only on tighter terms
Liquidity short (current ratio 0.39 against 0.47 in 2024; short-term debt: 49.5% and cash: 5.8% of total assets), and 74.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2425
2024 to 2025 · latest year €-112k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
1 d early
2024
19 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-112k▼ 65.3%
2024 · €-68k
2024: €-68k
2024 → 2025
Working capital
€-630k▼ 32.8%
2024 · €-474k
2024: €-474k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€667k-€537k▼ 19.5%
Operating result€-59k-€-96k▼ 62.2%
Net result€-68k-€-112k▼ 65.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €96k in 2025 against €59k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.07M
Fixed assets
€1.68M▼ 0.7%
Current assets
€397k▼ 7.2%
Equity and liabilities €2.07M
Equity
€537k▼ 19.5%
Provisions
€18k▼ 7.8%
Debt
€1.52M▲ 6.2%
The debt ratio rises from 67.6% to 73.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32k▼
2024 · €79k
Cash flow
€16k▼
2024 · €70k
Solvency
25.9%▼
2024 · 31.5%
Current ratio
0.39▼
2024 · 0.47
Quick ratio
0.36▼
2024 · 0.43
Debt / equity
2.83▲
2024 · 2.15
ROE
-20.8%▼
2024 · -10.1%
ROA
-5.4%▼
2024 · -3.2%
Interest coverage
0.89▼
2024 · 2.06
Debt
€1.52M▲
2024 · €1.43M
Debt ≤ 1 year
€1.03M▲
2024 · €902k
Debt > 1 year
€494k▼
2024 · €529k
Staff costs
€644k▼
2024 · €758k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.12M€2.07M▼
Formation expenses20€0€0=
Fixed assets21/28€1.69M€1.68M▼
Intangible fixed assets21€150k€132k▼
Tangible fixed assets22/27€1.54M€1.54M▲
Land and buildings22€1.17M€1.13M▼
Plant, machinery and equipment23€174k€220k▲
Furniture and vehicles24€199k€198k▼
Financial fixed assets28€282€282=
Current assets29/58€428k€397k▼
Stocks and contracts in progress3€41k€28k▼
Stocks30/36€41k€28k▼
Amounts receivable within one year40/41€315k€249k▼
Trade receivables40€24k€47k▲
Other amounts receivable41€291k€201k▼
Cash at bank and in hand54/58€72k€121k▲
Equity and liabilities
Total equity and liabilities10/49€2.12M€2.07M▼
Equity10/15€667k€537k▼
Contributions10/11€500k€500k=
Profit (loss) carried forward14€-68k€-179k▼
Investment grants15€234k€216k▼
Provisions and deferred taxes16€19k€18k▼
Deferred taxes168€19k€18k▼
Amounts payable17/49€1.43M€1.52M▲
Amounts payable after more than one year17€529k€494k▼
Financial debts170/4€523k€494k▼
Trade debts175€6k-
Amounts payable within one year42/48€902k€1.03M▲
Current portion of amounts payable after more than one year42€44k€53k▲
Trade debts44€38k€55k▲
Suppliers440/4€38k€55k▲
Advances received on contracts in progress46€8k€9k▲
Taxes, remuneration and social security45€143k€105k▼
Taxes450/3€26k€11k▼
Remuneration and social security454/9€117k€94k▼
Other amounts payable47/48€670k€805k▲
Income statement
Code20242025
Remuneration, social security and pensions62€758k€644k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€138k€128k▼
Other operating charges640/8€16k€20k▲
Gross operating margin9900€853k€696k▼
Operating profit (loss)9901€-59k€-96k▼
Financial income75/76B€28k€18k▼
Recurring financial income75€28k€18k▼
Financial charges65/66B€38k€36k▼
Recurring financial charges65€38k€36k▼
Profit (loss) for the period before taxes9903€-70k€-113k▼
Transfer from deferred taxes780€2k€1k▼
Profit (loss) for the period9904€-68k€-112k▼
Profit (loss) for the period to be appropriated9905€-68k€-112k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-68k€-179k▼
Profit (loss) brought forward from the previous period14P-€-68k
Social balance
Average headcount (FTE)90879.89.5▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 19 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Horizonlaan 321150 Sint-Pieters-WoluweGround area
2,250 m²
Building footprint
710 m²
Volume, LiDAR
10,013 m³
2 parcels, Brussels, Wallonia · tallest building 19.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Hôtel Panorama Bouillon
since 20232.347.860.749
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84010A0269/00R000 | Wallonia | 1,602 m² | 1 · 452 m² | 19.8 m · 6 fl. |
| 21019A0167/00T000 | Brussels | 648 m² | 1 · 258 m² | 13.0 m · 4 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBouillon2.347.860.749
Similar companies · same sector, comparable size
Citybox Brussels
BE 0793.236.801
Sint-Gillis (bij-Brussel) · Eq €537k
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BE 0864.762.126
Jette · Eq €538k
GROUP HOTEL
BE 0831.757.776
Anderlecht · Eq €535k
GRAND HOTEL MONTGOMERY BRUXELLES
BE 0880.126.134
Sint-Pieters-Woluwe · Eq €538k
WHITE HAWK REAL ESTATE
BE 0786.351.086
La Roche-en-Ardenne · Eq €539k
Of 2,395 companies in sector 55100 we hold annual accounts for 1,517. 1,091 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2023
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
5 entriesE-mail:adriandevos01@gmail.com
Phone:+32474486636
Website:www.panoramahotel.be
E-mail:info@panoramahotel.be
Phone:+3261466138