ACTIVE

MARCELLIS PANORAMA

Financial year 2025 · closed on 31/12/2025
Net result
-141 k €
+4.8% YoY
Gross margin
-15,9 k €
+75.8% YoY
Equity
-386,1 k €
-57.5% YoY

What does MARCELLIS PANORAMA do?

MARCELLIS PANORAMA is a Private limited company incorporated in 2023. Its main activity is: Development of building projects. Its registered office is in Liège.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0797.016.138
Incorporation
11/01/2023
Legal form
Private limited company
Registered office
Avenue Blonden 31
4000 Liège · WallonieSee on map
Contributed capital
25 000,00 €
Latest accounts
31/12/2025
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin-15,9 k €-66 k €-86 k €
EBITDA-16,6 k €-66,6 k €-86,4 k €
Operating result-16,6 k €-66,6 k €-87,4 k €
Net result-141 k €-148,1 k €-121,9 k €
Balance sheet
Equity-386,1 k €-245,1 k €-96,9 k €
Total assets4,2 M €2 M €776,9 k €
Cash10 k €44,3 k €81,5 k €
Debts4,6 M €2,2 M €873,6 k €
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 2 ended

Active mandates

Alexandre ROTH

Director · since 11 janvier 2023

Active
FLOW CONSULTING

Director · since 11 janvier 2023 · 0645.598.643

Represented by WOLF Jeremy

Active
ZEEV

Director · since 11 janvier 2023 · 0468.660.250

Represented by WOLF Guy

Active

Ended mandates

FLOW CONSULTING

Director · since 11 janvier 2023 · 0645.598.643

Represented by WOLF JEREMY

Ended
ZEEV

Director · since 11 janvier 2023 · 0468.660.250

Represented by WOLF GUY

Ended
At this address

Other companies at this address

CompanyCBE no.
MILOWActive
0757.553.469
ROME 2Active
0535.919.654
SG PARKActive
0774.295.570
ZEEVActive
0468.660.250
Annual accounts

Full financial information

202520242023
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/2023
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months12 months
Filing date11/06/202611/06/202526/06/2024
General meeting05/06/202606/06/202507/06/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202611/06/2026FrenchPDF
Abridged model31/12/202406/06/202511/06/2025FrenchPDF
Abridged model31/12/202307/06/202426/06/2024FrenchPDF
Estimate

Indicative valuation

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 31/12/2025 · 3 active · 2 ended

Active mandates

Alexandre ROTH

Director · since 11 janvier 2023

Active
FLOW CONSULTING

Director · since 11 janvier 2023 · 0645.598.643

Represented by WOLF Jeremy

Active
ZEEV

Director · since 11 janvier 2023 · 0468.660.250

Represented by WOLF Guy

Active

Ended mandates

FLOW CONSULTING

Director · since 11 janvier 2023 · 0645.598.643

Represented by WOLF JEREMY

Ended
ZEEV

Director · since 11 janvier 2023 · 0468.660.250

Represented by WOLF GUY

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other13/01/2023
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025-141 k €
  2. 2024
    Annual accounts 2024-148,1 k €
  3. 2023
    Annual accounts 2023-121,9 k €
  4. 11/01/2023
    IncorporationPrivate limited company