ACTIVE

Panorama Operations

Financial year 2025 · Closed on 31/12/2025

Net result1,3 M €
Revenue25 M €
Equity6,4 M €
Workforce21,0 ETP

Identity

Source · BCE/KBO

Panorama Operations is a Private limited company incorporated in 2025. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Lummen. It employs on average 21,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 1019.648.756
Incorporation
05/02/2025
Legal form
Private limited company
Registered office
Dorpsstraat 18
3560 Lummen · FlandreSee on map
Contributed capital
714 360,74 €
Latest accounts
31/12/2025
Average workforce
21,0 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 1 filing

Trend over 1 financial year

2025
Income statement
Revenue25 M €
EBITDA2 M €
Operating result1,8 M €
Net result1,3 M €
Balance sheet
Equity6,4 M €
Total assets9,7 M €
Cash158,5 k €
Debts3,3 M €
Other
Workforce21,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Healis Holding1020.331.023Represented by An De Mulder
Directorsince 04/06/2025
MANAGEMENT THYS0832.029.178Represented by Bert Thys
Directorsince 05/02/2025

Other companies at this address

Dorpsstraat 18 3560 Lummen
CompanyCBE no.
0424.919.584
0537.764.436

Full financial information

Source · NBB
2025
Type of accountFull model
Start of the financial year05/02/2025
Closing of the financial year31/12/2025
Length of the financial year11 months
Filing date30/07/2026
General meeting29/07/2026
Currency of the financial yearEUR
NBB quality labelSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 1 filing
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202529/07/202630/07/2026DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Healis Holding1020.331.023Represented by An De Mulder
Directorsince 04/06/2025
MANAGEMENT THYS0832.029.178Represented by Bert Thys
Directorsince 05/02/2025

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/07/2025
    Ontslag en benoeming bestuurders - Bijzondere volmacht
    PDF
  • Restructuring03/06/2025
    Statutenwijziging (partiële splitsing)
    PDF
  • Restructuring03/06/2025
    Statutenwijziging (partiële splitsing)
    PDF
  • Restructuring03/06/2025
    Statutenwijziging (partiële splitsing)
    PDF
  • Restructuring03/06/2025
    Statutenwijziging (partiële splitsing)
    PDF
  • Restructuring03/06/2025
    Statutenwijziging (partiële splitsing)
    PDF
  • Restructuring03/06/2025
    Statutenwijziging (partiële splitsing)
    PDF
  • Restructuring28/05/2025
    Statutenwijziging (partiële splitsing)
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings1 filing
Mandates
Healis Holding
MANAGEMENT THYS
20252026
Panorama Operations
Dorpsstraat 18, 3560 Lummen
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Dorpsstraat 18, 3560 LummenCurrent
accounts 2025
Accounts 2025 · 2026-00353608

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
Panorama OperationsCurrent
accounts 2025
Accounts 2025 · 2026-00353608

Events

  1. 2025
    Annual accounts 20251,3 M €
  2. 05/02/2025
    IncorporationPrivate limited company