ACTIVE

PANORAMA

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Financial year 2025 · closed on 31/12/2025

Net result

162,1 k €

+26.5% YoY

Gross margin

333,8 k €

+2.0% YoY

Equity

1 M €

+2.2% YoY

Workforce

1,0 ETP

-23.1% YoY

What does PANORAMA do?

PANORAMA is a Private limited company incorporated in 2008. Its main activity is: Real estate agencies. Its registered office is in Brugge. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0898.820.212

Incorporation

26/06/2008

Legal form

Private limited company

Registered office

Torhoutse Steenweg 344
8200 Brugge · FlandreSee on map

Contributed capital

19 797,95 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 64200Activities of holding companies 64210Activities of holding companies 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	333,8 k €	+2.0%	327,4 k €	-29.1%	462 k €	-35.7%	718 k €	-45.1%	1,3 M €	+43.3%	912 k €	-5.1%	961 k €	+9.6%	876,6 k €	+7.8%	812,8 k €	+143%	334,2 k €	-24.9%	444,9 k €	-7.3%	479,8 k €	-31.7%	702,8 k €	+5.4%	667,1 k €	+66.8%	400 k €	-36.0%	625,3 k €	+40.7%	444,3 k €
EBITDA	266,6 k €	+11.1%	240 k €	-41.7%	411,6 k €	-31.2%	598,3 k €	-48.0%	1,2 M €	+55.7%	739,5 k €	-4.8%	776,8 k €	+8.8%	713,8 k €	+6.1%	672,5 k €	+410%	131,8 k €	-37.4%	210,5 k €	+10.2%	191 k €	-47.8%	365,5 k €	-8.8%	400,6 k €	+48.3%	270,1 k €	-42.7%	471,7 k €	+24.4%	379,1 k €
Operating result	180,8 k €	+17.8%	153,6 k €	-52.7%	324,9 k €	-35.8%	505,8 k €	-51.6%	1 M €	+71.5%	609,1 k €	-6.2%	649,6 k €	+10.5%	588 k €	-2.7%	604,3 k €	+756%	70,6 k €	-48.8%	137,9 k €	+63.3%	84,5 k €	-72.3%	304,9 k €	-12.6%	349 k €	+58.7%	219,9 k €	-49.2%	432,9 k €	+62.4%	266,6 k €
Net result	162,1 k €	+26.5%	128,1 k €	-56.3%	293 k €	-39.3%	482,7 k €	-46.1%	895 k €	+54.2%	580,4 k €	-5.1%	611,6 k €	+14.5%	534,1 k €	+46.8%	363,9 k €	+1760%	19,6 k €	-66.1%	57,7 k €	+124%	25,8 k €	-86.1%	185,6 k €	-13.9%	215,6 k €	+66.2%	129,7 k €	-50.4%	261,3 k €	+27.0%	205,7 k €
Balance sheet
Equity	1 M €	+2.2%	1 M €	+1.8%	997,4 k €	+5.6%	944,4 k €	+2.0%	926,1 k €	+69.2%	547,4 k €	+3.9%	527 k €	+4.3%	505,4 k €	+32.6%	381,2 k €	+1.0%	377,3 k €	+0.7%	374,8 k €	+18.2%	317,1 k €	+8.8%	291,3 k €	-28.2%	405,7 k €	+113%	190,2 k €	+18.5%	160,5 k €	+112%	75,7 k €
Total assets	1,9 M €	-4.1%	1,9 M €	-6.4%	2,1 M €	-22.1%	2,7 M €	-20.9%	3,4 M €	+35.0%	2,5 M €	+5.0%	2,4 M €	-8.5%	2,6 M €	+7.6%	2,4 M €	+26.2%	1,9 M €	+11.9%	1,7 M €	-6.2%	1,8 M €	+10.8%	1,6 M €	+27.0%	1,3 M €	+15.3%	1,1 M €	+50.9%	741,6 k €	-2.9%	763,4 k €
Cash	813,2 k €	-10.9%	912,8 k €	-2.3%	934,7 k €	-18.4%	1,1 M €	-31.5%	1,7 M €	+58.1%	1,1 M €	+32.6%	796,7 k €	-27.1%	1,1 M €	-12.3%	1,2 M €	+161%	478,3 k €	-8.6%	523,5 k €	-13.7%	606,5 k €	-13.5%	701,4 k €	+23.1%	569,9 k €	+16.3%	490 k €	+197%	164,7 k €	+33.7%	123,2 k €
Debts	816,4 k €	-11.0%	917,6 k €	-13.9%	1,1 M €	-37.6%	1,7 M €	-29.3%	2,4 M €	+25.4%	1,9 M €	+5.8%	1,8 M €	-11.8%	2,1 M €	+2.8%	2 M €	+34.8%	1,5 M €	+14.2%	1,3 M €	-12.0%	1,5 M €	+10.2%	1,3 M €	+52.2%	883,3 k €	-4.8%	927,5 k €	+60.1%	579,2 k €	-14.9%	680,9 k €
Other
Workforce	1,0 ETP	-23.1%	1,3 ETP	+62.5%	0,8 ETP	-61.9%	2,1 ETP	-27.6%	2,9 ETP	-27.5%	4,0 ETP	+8.1%	3,7 ETP	+5.7%	3,5 ETP	+12.9%	3,1 ETP	-29.5%	4,4 ETP	-26.7%	6,0 ETP	-18.9%	7,4 ETP	+15.6%	6,4 ETP	+18.5%	5,4 ETP	+74.2%	3,1 ETP	+19.2%	2,6 ETP	+44.4%	1,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 14 ended

Active mandates

PANORAMAX

Director · since 15 novembre 2018 · 0640.997.873

Represented by Delobelle SEBASTIEN

Active

Ended mandates

PANORAMAX

Director · since 15 novembre 2018 · 0640.997.873

Represented by Delobelle SEBASTIEN

Ended

CONSEBT

Manager · since 01 mars 2009 · 0810.718.773

Represented by Sébastien Delobelle

Ended

CONSEBT

Manager · since 01 mars 2009 · 0810.718.773

Represented by Sébastien Delobelle

Ended

Bart Bracke

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
GESTIA● Active	0641.879.484
PANORAMA KORTRIJK● Active	0642.831.866
PANORAMAX● Active	0640.997.873
Panoramix● Active	0684.531.671

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/04/2026	27/06/2025	30/08/2024	05/07/2023	27/06/2022	24/06/2021
General meeting	02/04/2026	03/04/2025	31/07/2024	06/04/2023	07/04/2022	01/04/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/04/2026	16/04/2026	Dutch	PDF
Abridged model	31/12/2024	03/04/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/07/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	06/04/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/04/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	01/04/2021	24/06/2021	Dutch	PDF
Abridged model	31/12/2019	21/02/2020	12/03/2020	Dutch	PDF
Abridged model	31/12/2018	08/07/2019	12/07/2019	Dutch	PDF
Abridged model	31/12/2017	26/06/2018	27/06/2018	Dutch	PDF
Abridged model	31/12/2016	22/06/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/07/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	02/04/2015	17/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	23/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/07/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	09/07/2012	Dutch	PDF
Abridged model	31/12/2010	09/06/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	29/04/2010	09/06/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 1 active · 14 ended

Active mandates

PANORAMAX

Director · since 15 novembre 2018 · 0640.997.873

Represented by Delobelle SEBASTIEN

Active

Ended mandates

PANORAMAX

Director · since 15 novembre 2018 · 0640.997.873

Represented by Delobelle SEBASTIEN

Ended

CONSEBT

Manager · since 01 mars 2009 · 0810.718.773

Represented by Sébastien Delobelle

Ended

CONSEBT

Manager · since 01 mars 2009 · 0810.718.773

Represented by Sébastien Delobelle

Ended

Bart Bracke

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring13/07/2022
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/04/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates12/05/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2014
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/06/2009
ONTSLAGEN - BENOEMINGEN
PDF
Other30/06/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025162,1 k €↑
2024
Annual accounts 2024128,1 k €↓
2023
Annual accounts 2023293 k €↓
2022
Annual accounts 2022482,7 k €↓
2021
Annual accounts 2021895 k €↑
2020
Annual accounts 2020580,4 k €↓
2019
Annual accounts 2019611,6 k €↑
2018
Annual accounts 2018534,1 k €↑
2017
Annual accounts 2017363,9 k €↑
2016
Annual accounts 201619,6 k €↓
2015
Annual accounts 201557,7 k €↑
2014
Annual accounts 201425,8 k €↓
2013
Annual accounts 2013185,6 k €↓
2012
Annual accounts 2012215,6 k €↑
2011
Annual accounts 2011129,7 k €↓
2010
Annual accounts 2010261,3 k €↑
2009
Annual accounts 2009205,7 k €
26/06/2008
IncorporationPrivate 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 17 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