LE PALACE

Active

Private limited companyfounded 2021active for 5 yearsPetite Voie 173, 4040 Herstal, BelgiumKBO/BCE: BE 0771.284.117

Summary

The computed 12-month bankruptcy probability of LE PALACE is 7.3% (elevated). The 2024 annual accounts show negative equity (-€8,678) and a net result of €20,892. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 18,736 sector peers (NACE 56, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

LE PALACEActiveChecked score 37/100

Risk analysis Report Compare

Activity

Limited-service restaurants, excluding mobile food services

NACE 56112

1 site

Size

≈ €340,000turnover 2024, estimated

Staff: 2 FTE
Equity: -€8,678
Profit: €20,892

Turnover estimated from the gross margin

Financial health

37 Weak Checked score 2024

Bankruptcy probabilitywithin 12 months: 7.3%

Structure

2025 accounts not filed, 90 days past the deadline1 deed in the Belgian Official Gazette

Why 37raises risk1 financial year not filed after the legal deadline; last filed accounts filed 277 days late; 3 of the last 3 lateFounded in 2021Sector: Food and beverage service activities (NACE 56)lowers riskLiquidity: current ratio 0.60, cash €27,539Show the evidence

Checked score

Score 2024

37 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 61% of its sector peers (NACE 56, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Average

Solvency 2+2

equity -23.3% of total assets

Liquidity 50=

short-term debt 123.3% · cash 73.8%

Profitability 100+100

return on assets 56.0%

Bankruptcy probability, 12 months

7.3% Elevated

0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,767 companies, NACE 56, micro)

Last 24 months 11-2024: 6.4% 12-2024: 7.8%▲ +1.4 percentage points vs 11-2024 01-2025: 9.9%▲ +2.1 percentage points vs 12-2024 02-2025: 8.5%▼ -1.4 percentage points vs 01-2025 03-2025: 8.1%▼ -0.4 percentage points vs 02-2025 04-2025: 8.0%▼ -0.1 percentage points vs 03-2025 05-2025: 8.1%▲ +0.1 percentage points vs 04-2025 06-2025: 7.8%▼ -0.3 percentage points vs 05-2025 07-2025: 7.8%● unchanged vs 06-2025 08-2025: 8.5%▲ +0.7 percentage points vs 07-2025 09-2025: 8.9%▲ +0.4 percentage points vs 08-2025 10-2025: 9.8%▲ +0.9 percentage points vs 09-2025 11-2025: 9.1%▼ -0.7 percentage points vs 10-2025 12-2025: 10.9%▲ +1.8 percentage points vs 11-2025 01-2026: 13.3%▲ +2.4 percentage points vs 12-2025 02-2026: 13.3%● unchanged vs 01-2026 03-2026: 13.5%▲ +0.2 percentage points vs 02-2026highest value 04-2026: 12.5%▼ -1.0 percentage point vs 03-2026 05-2026: 12.5%● unchanged vs 04-2026 06-2026: 6.3%▼ -6.2 percentage points vs 05-2026 07-2026: 6.3%● unchanged vs 06-2026lowest value 08-2026: 6.7%▲ +0.4 percentage points vs 07-2026 09-2026: 7.1%▲ +0.4 percentage points vs 08-2026 10-2026: 7.3%▲ +0.2 percentage points vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.6, compared with 0.43 in 2023, below 1; short-term debt: 123.3% and cash: 73.8% of total assets), and equity is negative.

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 56, micro): better than 18% on solvency, 49% on liquidity, 93% on profitability and 85% on growth.

The bankruptcy probability was computed on 28-10-2026 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

Seven signals.

lowers riskraises risk

1 financial year not filed after the legal deadline; last filed accounts filed 277 days late; 3 of the last 3 late

NBB · filings

Liquidity: current ratio 0.60, cash €27,539

NBB · annual accounts

Founded in 2021

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

Sector: Food and beverage service activities (NACE 56)

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 18736 sector peers (2024).

NBB · sector comparison

Position among 18736 sector peers

Solvency

better than 19%

← weakest strongest →

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 90 days later.

NBB · 4 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline29-10-2026 today

2024 accounts filed 277 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-05-2026, 277 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 4 filings

Deviation from the deadline

2025

not filed

2024

277 days late

2023

167 days late

2022

116 days late

2021

114 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 169 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

04-05-2026 Annual accounts filedfinancial year 2024 · micro…
14-01-2025 Annual accounts filedfinancial year 2023 · micro…
31-12-2024 Back to profitnet €20,892

Key points

Risk: Negative equityfinancial year 2024: debts exceed assets -€8,678 View
Caution: 2025 accounts not fileddeadline was 31-07-2026 90 days past the deadline View
Caution: Among the weakest 20% on solvencysector median 29.2% · 18,736 companies -23.3% View

By topic

Financials

Financial year: 2024
Total assets: €37,319
Profit: €20,892
Solvency: -23.3%

Total assets▲ 45.2%

Net result

20212024

Go to Financials

Timeline

Events: 6
Since: 2022

31-12-2023Weakest financial year
24-11-2023Annual accounts filed
22-11-2022Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Limited-service restaurants, excluding mobile food servicesNACE 56112
Founded: 12-07-2021
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about LE PALACE

What is the company number of LE PALACE?: 0771.284.117. In Belgium the VAT number is the company number with BE in front: BE 0771.284.117.
Where is LE PALACE based?: The registered office is at Petite Voie 173, 4040 Herstal.Company details
What does LE PALACE do?: According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
What is the legal form of LE PALACE?: Private limited company (BV).
When was LE PALACE founded?: On 12-07-2021.
Is LE PALACE still active?: Yes, LE PALACE is an active enterprise in the KBO register.
How many employees does LE PALACE have?: On average 2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of LE PALACE?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is LE PALACE profitable?: In financial year 2024, LE PALACE made a profit of €20,892.
Where can I find the annual accounts of LE PALACE?: LE PALACE filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.