ACTIVE

PANORAMA

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Financial year 2025 · closed on 30/06/2025

Net result

547,2 k €

+332.0% YoY

Gross margin

1 M €

+149.3% YoY

Equity

2,7 M €

+25.1% YoY

What does PANORAMA do?

PANORAMA is a Public limited company incorporated in 1992. Its main activity is: Activities of holding companies. Its registered office is in Leuven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.937.891

Incorporation

18/03/1992

Legal form

Public limited company

Registered office

Refugehof 9 box 9.01
3000 Leuven · FlandreSee on map

Contributed capital

1 500 149,75 €

Latest accounts

30/06/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1 M €	+149%	405 k €	-2.0%	413,2 k €	+108%	199 k €	-7.7%	215,6 k €	+15.2%	187,2 k €	+5.8%	177 k €	-13.2%	204 k €	+32.5%	154 k €	+47.4%	104,5 k €	-6.5%	111,7 k €	+11.5%	100,1 k €	+33.2%	75,1 k €	-70.5%	254,9 k €	+511%	41,7 k €	-57.4%	97,7 k €	+5.4%	92,8 k €	-62.7%	249 k €
EBITDA	990,6 k €	+162%	377,5 k €	-4.7%	396,1 k €	+117%	182,3 k €	-8.0%	198,2 k €	+12.4%	176,4 k €	+7.0%	164,8 k €	-14.1%	191,9 k €	+34.9%	142,3 k €	+51.9%	93,6 k €	-7.3%	101 k €	+0.4%	100,6 k €	+65.0%	60,9 k €	-74.9%	243,1 k €	+754%	28,5 k €	-69.2%	92,5 k €	+12.8%	82,1 k €	-65.4%	237 k €
Operating result	870,6 k €	+242%	254,2 k €	-6.1%	270,8 k €	+445%	49,7 k €	-24.4%	65,8 k €	+150%	26,3 k €	+529%	4,2 k €	-94.8%	80 k €	+137%	33,8 k €	+305%	-16,5 k €	-80.1%	-9,1 k €	+43.3%	-16,1 k €	+82.1%	-90 k €	-204%	86,2 k €	+182%	-105,5 k €	-142%	-43,6 k €	+18.1%	-53,3 k €	-185%	62,5 k €
Net result	547,2 k €	+332%	126,7 k €	-22.4%	163,2 k €	+5062%	3,2 k €	-85.6%	22 k €	+15439%	141,6 €	-98.1%	7,6 k €	-83.5%	45,8 k €	+17042%	267 €	-95.8%	6,4 k €	+109%	-68,6 k €	-170%	97,9 k €	+532%	-22,6 k €	-409%	7,3 k €	-93.2%	107,3 k €	+201%	-106 k €	-2778%	4 k €	-95.3%	84,9 k €
Balance sheet
Equity	2,7 M €	+25.1%	2,2 M €	+6.2%	2,1 M €	+8.6%	1,9 M €	-0.3%	1,9 M €	+1.2%	1,9 M €	+0.0%	1,9 M €	+0.4%	1,9 M €	+2.5%	1,8 M €	+0.0%	1,8 M €	+0.4%	1,8 M €	-3.6%	1,9 M €	+5.5%	1,8 M €	-1.3%	1,8 M €	+0.4%	1,8 M €	+6.3%	1,7 M €	-5.9%	1,8 M €	+0.2%	1,8 M €
Total assets	5,4 M €	+30.3%	4,1 M €	+14.6%	3,6 M €	+7.2%	3,4 M €	+1.3%	3,3 M €	+1.0%	3,3 M €	-5.4%	3,5 M €	+8.2%	3,2 M €	-4.5%	3,3 M €	-1.7%	3,4 M €	-2.2%	3,5 M €	-14.3%	4,1 M €	-0.1%	4,1 M €	-1.5%	4,1 M €	+54.1%	2,7 M €	-8.7%	2,9 M €	-11.4%	3,3 M €	-2.6%	3,4 M €
Cash	418,1 k €	+269%	113,3 k €	-77.6%	506,8 k €	+130%	220,8 k €	+0.1%	220,6 k €	+106%	106,9 k €	-30.9%	154,8 k €	+79.5%	86,2 k €	-44.7%	155,9 k €	+135%	66,4 k €	-25.7%	89,4 k €	-81.1%	473,4 k €	+1956%	23 k €	-68.3%	72,7 k €	-10.1%	80,8 k €	-57.1%	188,4 k €	+450%	34,3 k €		–
Debts	2,3 M €	+27.2%	1,8 M €	+22.8%	1,5 M €	+1.8%	1,5 M €	+3.5%	1,4 M €	+0.9%	1,4 M €	-11.7%	1,6 M €	+19.1%	1,3 M €	-12.9%	1,5 M €	-3.7%	1,6 M €	-4.9%	1,7 M €	-23.2%	2,2 M €	-3.5%	2,2 M €	-1.8%	2,3 M €	+168%	852,3 k €	-29.8%	1,2 M €	-18.2%	1,5 M €	-5.9%	1,6 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 8 ended

Active mandates

Freddy Schroeders

Managing director

Active

Monique Vicca

Director

Active

Sofie Schroeders

Director

Active

Ended mandates

FREDDY SCHROEDERS

Managing director · since 26 juin 2023 · until 26 juin 2029

Ended

MONIQUE VICCA

Director · since 26 juin 2023 · until 26 juin 2029

Ended

SOFIE SCHROEDERS

Director · since 26 juin 2023 · until 26 juin 2029

Ended

FREDDY SCHROEDERS

Managing director · since 21 août 2017 · until 21 août 2023

Ended

At this address

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Luture● Active	1008.257.095
MENDEL● Active	0734.791.529
Notenkraker - Abbeyfieldhuis vzw● Active	0685.601.740
SOUFFLEUR● Active	0744.686.717
VME Garagecomplex Fase II in residentie Mendel te Leuven, Refugehof 9.● Active	0564.761.615
VME "Residentie Mendel" te Leuven, Refugehof 9.● Active	0563.929.690

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/12/2025	20/12/2024	04/12/2023	12/12/2022	20/12/2021	08/01/2021
General meeting	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	30/11/2025	10/12/2025	Dutch	PDF
Abridged model	30/06/2024	30/11/2024	20/12/2024	Dutch	PDF
Abridged model	30/06/2023	30/11/2023	04/12/2023	Dutch	PDF
Abridged model	30/06/2022	30/11/2022	12/12/2022	Dutch	PDF
Abridged model	30/06/2021	30/11/2021	20/12/2021	Dutch	PDF
Abridged model	30/06/2020	30/11/2020	08/01/2021	Dutch	PDF
Abridged model	30/06/2019	30/11/2019	19/12/2019	Dutch	PDF
Abridged model	30/06/2018	30/11/2018	07/01/2019	Dutch	PDF
Abridged model	30/06/2017	30/06/2017	22/01/2018	Dutch	PDF
Abridged model	30/06/2016	30/11/2016	22/12/2016	Dutch	PDF
Abridged model	30/06/2015	27/11/2015	21/01/2016	Dutch	PDF
Abridged model	30/06/2014	28/11/2014	06/01/2015	Dutch	PDF
Abridged model	30/06/2013	30/11/2013	08/01/2014	Dutch	PDF
Abridged model	30/06/2012	30/11/2012	07/01/2013	Dutch	PDF
Abridged model	30/06/2011	30/11/2011	30/12/2011	Dutch	PDF
Abridged model	30/06/2010	30/11/2010	30/12/2010	Dutch	PDF
Abridged model	30/06/2009	26/11/2009	05/01/2010	Dutch	PDF
Abridged model	30/06/2008	01/12/2008	22/01/2009	Dutch	PDF
Abridged model	30/06/2007	30/11/2007	28/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 8 ended

Active mandates

Freddy Schroeders

Managing director

Active

Monique Vicca

Director

Active

Sofie Schroeders

Director

Active

Ended mandates

FREDDY SCHROEDERS

Managing director · since 26 juin 2023 · until 26 juin 2029

Ended

MONIQUE VICCA

Director · since 26 juin 2023 · until 26 juin 2029

Ended

SOFIE SCHROEDERS

Director · since 26 juin 2023 · until 26 juin 2029

Ended

FREDDY SCHROEDERS

Managing director · since 21 août 2017 · until 21 août 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/11/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/10/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/03/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/02/2009
ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/02/2008
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares20/07/2004
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/04/2003
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025547,2 k €↑
2024
Annual accounts 2024126,7 k €↓
2023
Annual accounts 2023163,2 k €↑
2022
Annual accounts 20223,2 k €↓
2020
Annual accounts 202022 k €↑
2019
Annual accounts 2019141,6 €↓
2018
Annual accounts 20187,6 k €↓
2017
Annual accounts 201745,8 k €↑
2016
Annual accounts 2016267 €↓
2015
Annual accounts 20156,4 k €↑
2014
Annual accounts 2014-68,6 k €↓
2013
Annual accounts 201397,9 k €↑
2012
Annual accounts 2012-22,6 k €↓
2011
Annual accounts 20117,3 k €↓
2010
Annual accounts 2010107,3 k €↑
2009
Annual accounts 2009-106 k €↓
2008
Annual accounts 20084 k €↓
2007
Annual accounts 200784,9 k €
18/03/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PANORAMA

Overview

What does PANORAMA do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline