Financials
- Financial year
- 2025
- Total assets
- €3.1m
- Loss
- -€118,575
- Solvency
- 13.7%
Total assets▲ 1.2%
Net result
20182025
GVD PALEN
ActiveSummary
The computed 12-month bankruptcy probability of GVD PALEN is 1.8% (moderate). The 2025 annual accounts show equity of €422,097 and a net result of -€118,575. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 15% of 9,787 sector peers (NACE 43, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Other specialised construction activities
NACE 43990
1 site
Size
€3.1mtotal assets 2025
- Staff
- 14.3 FTE
- Equity
- €422,097
- Loss
- -€118,575
Turnover not published (abbreviated format)
Structure
- Largest shareholder
- NORMAN · 33.33%
- NORMANDirector · permanent representative SMET Tom Dominique Herman
- PYXISDirector · permanent representative SMET Nicolas Hilde Jean-François
- Samen TopManaging director · permanent representative AMELOOT Joeri Jean Gerard
Auditor: VGD Bedrijfsrevisoren BVAccounts 57 days early1 of 2 deeds read
Why 52raises riskLiquidity: current ratio 1.11, cash €8,880, halvedEquity €422,097 (13.7% of total assets)Sector: Specialised construction activities (NACE 43)lowers riskFigures for financial year 2025 (filed 06-06-2026)Show the evidence
Checked score
Score 2025
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 15% of its sector peers (NACE 43, small)
Financial strength · tick = 2024
Weak
Solvency
39-4
equity 13.7% of total assets
Liquidity
25-12
short-term debt 50.8% · cash 0.3%
Profitability
39-15
return on assets -3.9%
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.8%
12-2024: 0.8%● unchanged vs 11-2024
01-2025: 0.8%● unchanged vs 12-2024lowest value
02-2025: 0.8%● unchanged vs 01-2025lowest value
03-2025: 0.8%● unchanged vs 02-2025lowest value
04-2025: 0.9%▲ +0.1 percentage points vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 1.0%▲ +0.1 percentage points vs 05-2025
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.0%▼ -0.1 percentage points vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.1%▲ +0.1 percentage points vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.2%▲ +0.1 percentage points vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.8%▲ +0.6 percentage points vs 06-2026highest value
08-2026: 1.8%● unchanged vs 07-2026highest value
09-2026: 1.8%● unchanged vs 08-2026highest value
10-2026: 1.8%● unchanged vs 09-2026highest value
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.11, compared with 1.17 in 2024, below the usual 1.5; short-term debt: 50.8% and cash: 0.3% of total assets), and 86.3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small): better than 15% on solvency, 16% on liquidity, 16% on profitability and 11% on growth.
The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9787 sector peers (2025).
NBB · sector comparisonPosition among 9787 sector peers
Solvency
better than 15%
← weakest
strongest →
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 04-06-2026, 57 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
57 days early
2024
44 days early
2023
58 days early
2022
83 days early
2021
109 days early
2020
54 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 62 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€118,575
- Annual accounts filedfinancial year 2024 · abbreviated…
Key points
By topic
Board & ownership
- Board
- 3 members
- Largest shareholder
- NORMAN · 33.33%
- Auditor
- VGD Bedrijfsrevisoren BV
- NORMANDirector
- PYXISDirector
- Samen TopManaging director
Timeline
- Events
- 13
- Since
- 2019
- Next accounts
- by 31-07-2027
- 31-12-2024Equity above €500,000
- 03-06-2024Annual accounts filed
- 05-04-2024Appointments: VGD Bedrijfsrevisoren BV, PYXIS and 2…
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Other specialised construction activitiesNACE 43990
- Founded
- 30-11-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 11
- Annual meeting
- Last Friday of May at 14:00
- Purpose
- “Het uitvoeren van alle funderingswerken, bouwputbeschoeiingen en geothermie; Het bouwrijp…” (deed in Dutch)
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