PALA
ActiveSummary
PALA has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €109,218 and a net result of €13,433. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability59▼-15
Solvency57▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.27 against 1.12 in 2023; short-term debt: 68.2% and cash: 6.9% of total assets), and 68.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
31.8%
Return on assets
3.9%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
29 d late
2022
86 d late
2021
23 d late
2020
13 d late
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 50 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13,433▼ 39.1%
2023 · €22,060
Working capital
€64,406▲ 40.1%
2023 · €45,982
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€24,688▼ 32.6%€29,796▲ 20.7%-€8,155€31,202€19,913▼ 36.2%
Net result€3,242within the sector's middle half▼ 74.3%€7,766within the sector's middle half▲ 140%-€13,269below the sector's middle half€22,060above the sector's middle half€13,433within the sector's middle half▼ 39.1%
Equity€79,227within the sector's middle half▲ 4.3%€86,993within the sector's middle half▲ 9.8%€73,725within the sector's middle half▼ 15.3%€95,785within the sector's middle half▲ 29.9%€109,218within the sector's middle half▲ 14.0%
Total assets€611,225within the sector's middle half▲ 8.3%€593,665within the sector's middle half▼ 2.9%€542,583within the sector's middle half▼ 8.6%€498,520above the sector's middle half▼ 8.1%€343,455above the sector's middle half▼ 31.1%
Debt€531,997▲ 8.9%€506,671▼ 4.8%€468,858▼ 7.5%€402,736▼ 14.1%€234,237▼ 41.8%
Working capital€50,180within the sector's middle half▼ 14.5%€74,936within the sector's middle half▲ 49.3%€36,521within the sector's middle half▼ 51.3%€45,982within the sector's middle half▲ 25.9%€64,406within the sector's middle half▲ 40.1%
Solvency13.0%within the sector's middle half▼ 0.5pp14.7%within the sector's middle half▲ 1.7pp13.6%within the sector's middle half▼ 1.1pp19.2%within the sector's middle half▲ 5.6pp31.8%within the sector's middle half▲ 12.6pp
Current ratio1.12within the sector's middle half▼ 0.051.18within the sector's middle half▲ 0.061.08within the sector's middle half▼ 0.101.12within the sector's middle half▲ 0.031.27within the sector's middle half▲ 0.16
Return on assets (ROA)0.5%within the sector's middle half▼ 1.7pp1.3%within the sector's middle half▲ 0.8pp-2.4%below the sector's middle half▼ 3.8pp4.4%within the sector's middle half▲ 6.9pp3.9%within the sector's middle half▼ 0.5pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €343,455
Fixed assets
€44,811 ▼ 18.9%
Current assets
€298,644 ▼ 32.6%
Equity and liabilities €343,455
Equity
€109,218 ▲ 14.0%
Debt
€234,237 ▼ 41.8%
Debt's share of the balance-sheet total falls from 80.8% to 68.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,436▼
2023 · €43,558
Cash flow
€19,956▼
2023 · €34,416
Quick ratio
0.36▼
2023 · 0.41
Debt to equity
2.14▼
2023 · 4.20
ROE
12.3%▼
2023 · 23.0%
Interest coverage
4.19▼
2023 · 10.65
Debt ≤ 1 year
€234,237▼
2023 · €397,298
Debt > 1 year
€0▼
2023 · €5,437
Income taxes
€1,260▼
2023 · €5,050
Staff costs
€41,464▲
2023 · €6,778
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,597 | €1,933 | €95,623 | €2,884 | ▼ 97.0% |
| Remuneration, social security and pensions62 | - | €299 | -€299 | €6,778 | €41,464 | ▲ 512% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,170 | €33,431 | €21,877 | €12,356 | €6,523 | ▼ 47.2% |
| Other operating charges640/8 | - | €21,769 | €26,580 | €5,204 | €16,177 | ▲ 211% |
| Non-recurring operating charges66A | - | - | €7,697 | €40,483 | €948 | ▼ 97.7% |
| Gross operating margin9900 | €97,903 | €85,296 | €47,700 | €96,022 | €85,025 | ▼ 11.5% |
| Operating profit (loss)9901 | €24,688 | €29,796 | -€8,155 | €31,202 | €19,913 | ▼ 36.2% |
| Financial income75/76B | - | €319 | €1,239 | €0 | €1,088 | ▲ 10,875,900% |
| Recurring financial income75 | €551 | €319 | €1,239 | €0 | €1,088 | ▲ 10,875,900% |
| Financial charges65/66B | - | €11,791 | €5,882 | €4,092 | €6,307 | ▲ 54.1% |
| Recurring financial charges65 | €8,646 | €11,791 | €5,882 | €4,092 | €6,307 | ▲ 54.1% |
| Profit (loss) for the period before taxes9903 | €16,773 | €18,324 | -€12,798 | €27,110 | €14,693 | ▼ 45.8% |
| Income taxes67/77 | €13,530 | €10,558 | €471 | €5,050 | €1,260 | ▼ 75.0% |
| Profit (loss) for the period9904 | €3,242 | €7,766 | -€13,269 | €22,060 | €13,433 | ▼ 39.1% |
| Profit (loss) for the period to be appropriated9905 | €3,242 | €7,766 | -€13,269 | €22,060 | €13,433 | ▼ 39.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €611,225 | €593,665 | €542,583 | €498,520 | €343,455 | ▼ 31.1% |
| Fixed assets21/28 | €130,046 | €103,015 | €75,477 | €55,240 | €44,811 | ▼ 18.9% |
| Tangible fixed assets22/27 | €124,439 | €97,408 | €69,870 | €49,634 | €39,205 | ▼ 21.0% |
| Land and buildings22 | - | €21,861 | €18,255 | €16,359 | €29,873 | ▲ 82.6% |
| Plant, machinery and equipment23 | - | €398 | €199 | €0 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €69,330 | €40,483 | €23,608 | €932 | ▼ 96.1% |
| Other tangible fixed assets26 | - | €5,820 | €10,934 | €9,667 | €8,400 | ▼ 13.1% |
| Financial fixed assets28 | €5,606 | €5,606 | €5,606 | €5,606 | €5,606 | = |
| Current assets29/58 | €481,179 | €490,650 | €467,106 | €443,280 | €298,644 | ▼ 32.6% |
| Stocks and contracts in progress3 | €437,403 | €465,253 | €401,753 | €281,653 | €214,905 | ▼ 23.7% |
| Stocks30/36 | - | €465,253 | €401,753 | €281,653 | €214,905 | ▼ 23.7% |
| Amounts receivable within one year40/41 | €29,231 | €19,930 | €36,802 | €150,347 | €59,489 | ▼ 60.4% |
| Trade receivables40 | - | €16,478 | €17,480 | €139,212 | €38,990 | ▼ 72.0% |
| Other amounts receivable41 | - | €3,452 | €19,322 | €11,135 | €20,499 | ▲ 84.1% |
| Cash at bank and in hand54/58 | €5,616 | €4,053 | €27,709 | €10,628 | €23,789 | ▲ 124% |
| Deferred charges and accrued income490/1 | - | €1,414 | €843 | €652 | €461 | ▼ 29.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €611,225 | €593,665 | €542,583 | €498,520 | €343,455 | ▼ 31.1% |
| Equity10/15 | €79,227 | €86,993 | €73,725 | €95,785 | €109,218 | ▲ 14.0% |
| Contributions10/11 | €14,882 | €14,882 | €14,882 | €14,882 | €14,882 | = |
| Capital10 | - | €14,882 | €14,882 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €3,718 | €3,718 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €62,485 | €70,252 | €56,983 | €79,043 | €92,476 | ▲ 17.0% |
| Amounts payable17/49 | €531,997 | €506,671 | €468,858 | €402,736 | €234,237 | ▼ 41.8% |
| Amounts payable after more than one year17 | €100,999 | €90,957 | €38,273 | €5,437 | €0 | ▼ 100% |
| Financial debts170/4 | - | €90,957 | €38,273 | €5,437 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €430,999 | €415,714 | €430,585 | €397,298 | €234,237 | ▼ 41.0% |
| Current portion of amounts payable after more than one year42 | - | €72,924 | €56,405 | €54,252 | €30,124 | ▼ 44.5% |
| Financial debts43 | - | €28,074 | €5,187 | €43,651 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €28,074 | €5,187 | €43,651 | €0 | ▼ 100% |
| Trade debts44 | €260,354 | €295,814 | €262,656 | €247,321 | €166,282 | ▼ 32.8% |
| Suppliers440/4 | - | €295,814 | €262,656 | €247,321 | €166,282 | ▼ 32.8% |
| Taxes, remuneration and social security45 | - | €9,384 | €15,194 | €31,142 | €33,750 | ▲ 8.4% |
| Taxes450/3 | - | €5,209 | €5,162 | €26,243 | €8,614 | ▼ 67.2% |
| Remuneration and social security454/9 | - | €4,175 | €10,033 | €4,899 | €25,135 | ▲ 413% |
| Other amounts payable47/48 | - | €9,517 | €91,143 | €20,933 | €4,082 | ▼ 80.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,242 | €7,766 | -€13,269 | €22,060 | €13,433 | ▼ 39.1% |
| + Depreciation and write-downs630 | €58,170 | €33,431 | €21,877 | €12,356 | €6,523 | ▼ 47.2% |
| Operating cash flow (approximation) | €61,412 | €41,197 | €8,608 | €34,416 | €19,956 | ▼ 42.0% |
| Investment in fixed assets (approximation) | - | -€6,400 | €5,661 | €7,881 | €3,905 | ▼ 50.4% |
| Change in cash | - | -€1,563 | €23,656 | -€17,080 | €13,160 | ▲ 177% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-12
Financial
Equity above €100,000Eq €109,218 ▲14%
2 profitable years in a row build equity to €109,218.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €22,060
Net result €22,060 after one loss-making year.
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 86 days late
2022
31-12
Financial
Weakest financial yearnet -€13,269
Net result drops to -€13,269, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 13 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 60 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
16 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 2 establishment units since 1997
Ground area
1,874 m²
Building footprint
463 m²
Volume, LiDAR
5,071 m³
2 parcels, Brussels · tallest building 20.7 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Gallaitstraat 34, 1030 Schaarbeek
since 19972.081.808.258
PALA
since 20032.142.411.779
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0045/00C002 | Brussels | 1,545 m² | 1 · 290 m² | 19.0 m · 2 fl. |
| 21910E0045/00E002 | Brussels | 329 m² | 1 · 172 m² | 20.7 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 301 companies in sector 47525 we hold annual accounts for 207. 154 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-05-1997
Fiscal year end31-12
Activities, NACEBEL 2025
47525Retail trade
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460599154
Also
9925:BE0460599154
Registered
29-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.