PALACE
ActiveSummary
PALACE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €76k and a net result of €933. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 6162 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38=
Solvency46▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity ample (current ratio 2.87 against 2.94 in 2023; short-term debt: 34.8% and cash: 5% of total assets), but 78.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 · 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
21.1%
Return on assets
0.3%
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 28-11-2025, 120 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
120 d late
2023
36 d late
2022
2 d late
2021
31 d late
2020
1 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€76k▲ 1.2%
2023 · €75k
2018: €-22klowest in 7 years
2019: €-14k▲ +35.3% vs 2018
2020: €88k▲ +712% vs 2019
2021: €90k▲ +2.0% vs 2020
2022: €94k▲ +3.8% vs 2021highest in 7 years
2023: €75k▼ -19.4% vs 2022
2024: €76k▲ +1.2% vs 2023
2018 → 2024
Total assets
€362k▼ 9.0%
2023 · €398k
2018: €526khighest in 7 years
2019: €463k▼ -12.0% vs 2018
2020: €522k▲ +12.6% vs 2019
2021: €500k▼ -4.2% vs 2020
2022: €444k▼ -11.1% vs 2021
2023: €398k▼ -10.5% vs 2022
2024: €362k▼ -9.0% vs 2023lowest in 7 years
2018 → 2024
Net result
€933▲ 8.9%
2023 · €857
2018: €8k
2019: €8k▲ +5.2% vs 2018
2020: €103k▲ +1202% vs 2019highest in 7 years
2021: €2k▼ -98.3% vs 2020
2022: €3k▲ +89.9% vs 2021
2023: €857▼ -74.7% vs 2022lowest in 7 years
2024: €933▲ +8.9% vs 2023
2018 → 2024
Working capital
€236k▼ 10.1%
2023 · €262k
2018: €-150klowest in 7 years
2019: €-147k▲ +2.0% vs 2018
2020: €350k▲ +339% vs 2019highest in 7 years
2021: €328k▼ -6.3% vs 2020
2022: €307k▼ -6.6% vs 2021
2023: €262k▼ -14.4% vs 2022
2024: €236k▼ -10.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€88k-€90k▲ 2.0%€94k▲ 3.8%€75k▼ 19.4%€76k▲ 1.2%
2020: €88k
2021: €90k▲ +2.0% vs 2020
2022: €94k▲ +3.8% vs 2021highest in 5 years
2023: €75k▼ -19.4% vs 2022lowest in 5 years
2024: €76k▲ +1.2% vs 2023
Operating result€154k-€16k▼ 89.8%€17k▲ 8.3%€12k▼ 28.8%€11k▼ 7.1%
2020: €154khighest in 5 years
2021: €16k▼ -89.8% vs 2020
2022: €17k▲ +8.3% vs 2021
2023: €12k▼ -28.8% vs 2022
2024: €11k▼ -7.1% vs 2023lowest in 5 years
Net result€103k-€2k▼ 98.3%€3k▲ 89.9%€857▼ 74.7%€933▲ 8.9%
2020: €103khighest in 5 years
2021: €2k▼ -98.3% vs 2020
2022: €3k▲ +89.9% vs 2021
2023: €857▼ -74.7% vs 2022lowest in 5 years
2024: €933▲ +8.9% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 7% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €362k
Equity
€76k ▲ 1.2%
Debt
€286k ▼ 11.3%
Debt's share of the balance-sheet total falls from 81.0% to 78.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.87▼
2023 · 2.94
Debt to equity
3.74▼
2023 · 4.27
ROE
1.2%▲
2023 · 1.1%
ROA
0.3%▲
2023 · 0.2%
Debt ≤ 1 year
€126k▼
2023 · €135k
Debt > 1 year
€160k▼
2023 · €187k
Income taxes
€652▲
2023 · €429
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€398k€362k▼
Current assets29/58€398k€362k▼
Amounts receivable after more than one year29€300k€300k=
Other amounts receivable291€300k€300k=
Amounts receivable within one year40/41€40k€44k▲
Trade receivables40€4k€9k▲
Other amounts receivable41€35k€35k=
Cash at bank and in hand54/58€58k€18k▼
Equity and liabilities
Total equity and liabilities10/49€398k€362k▼
Equity10/15€75k€76k▲
Reserves13€75k€76k▲
Distributable reserves133€75k€76k▲
Amounts payable17/49€322k€286k▼
Amounts payable after more than one year17€187k€160k▼
Financial debts170/4€187k€160k▼
Amounts payable within one year42/48€135k€126k▼
Current portion of amounts payable after more than one year42€26k€27k▲
Trade debts44€379€1k▲
Suppliers440/4€379€1k▲
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€2k€1k▼
Other amounts payable47/48€107k€96k▼
Income statement
Code20232024
Remuneration, social security and pensions62€313-
Other operating charges640/8€367€444▲
Gross operating margin9900€13k€12k▼
Operating profit (loss)9901€12k€11k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€1k€2k▲
Income taxes67/77€429€652▲
Profit (loss) for the period9904€857€933▲
Profit (loss) for the period to be appropriated9905€857€933▲
Appropriation of the result
Profit (loss) to be appropriated9906€857€933▲
Transfer to equity691/2€857€933▲
To other reserves6921€857€933▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €313 | - | - |
| Other operating charges640/8 | - | €712 | - | €367 | €444 | ▲ 21.0% |
| Gross operating margin9900 | €155k | €16k | €17k | €13k | €12k | ▼ 8.6% |
| Operating profit (loss)9901 | €154k | €16k | €17k | €12k | €11k | ▼ 7.1% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | €4 | - | - | - | €0 | - |
| Financial charges65/66B | - | €13k | €12k | €11k | €10k | ▼ 10.7% |
| Recurring financial charges65 | €15k | €13k | €12k | €11k | €10k | ▼ 10.7% |
| Profit (loss) for the period before taxes9903 | €139k | €3k | €5k | €1k | €2k | ▲ 23.3% |
| Income taxes67/77 | €37k | €872 | €2k | €429 | €652 | ▲ 52.0% |
| Profit (loss) for the period9904 | €103k | €2k | €3k | €857 | €933 | ▲ 8.9% |
| Profit (loss) for the period to be appropriated9905 | €103k | €2k | €3k | €857 | €933 | ▲ 8.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €522k | €500k | €444k | €398k | €362k | ▼ 9.0% |
| Current assets29/58 | €522k | €500k | €444k | €398k | €362k | ▼ 9.0% |
| Amounts receivable after more than one year29 | - | €300k | €300k | €300k | €300k | = |
| Other amounts receivable291 | - | €300k | €300k | €300k | €300k | = |
| Amounts receivable within one year40/41 | €37k | €43k | €37k | €40k | €44k | ▲ 11.5% |
| Trade receivables40 | - | €7k | €2k | €4k | €9k | ▲ 104% |
| Other amounts receivable41 | - | €35k | €35k | €35k | €35k | = |
| Cash at bank and in hand54/58 | €185k | €157k | €107k | €58k | €18k | ▼ 69.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €522k | €500k | €444k | €398k | €362k | ▼ 9.0% |
| Equity10/15 | €88k | €90k | €94k | €75k | €76k | ▲ 1.2% |
| Contributions10/11 | - | €19k | €19k | - | - | - |
| Reserves13 | €69k | €71k | €75k | €75k | €76k | ▲ 1.2% |
| Distributable reserves133 | - | €71k | €75k | €75k | €76k | ▲ 1.2% |
| Profit (loss) carried forward14 | €-41k | - | - | - | - | - |
| Amounts payable17/49 | €433k | €410k | €351k | €322k | €286k | ▼ 11.3% |
| Amounts payable after more than one year17 | €262k | €238k | €213k | €187k | €160k | ▼ 14.6% |
| Financial debts170/4 | - | €238k | €213k | €187k | €160k | ▼ 14.6% |
| Amounts payable within one year42/48 | €172k | €172k | €138k | €135k | €126k | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | - | €24k | €25k | €26k | €27k | ▲ 4.9% |
| Trade debts44 | €2k | €134 | €248 | €379 | €1k | ▲ 255% |
| Suppliers440/4 | - | €134 | €248 | €379 | €1k | ▲ 255% |
| Taxes, remuneration and social security45 | - | €38k | €3k | €2k | €1k | ▼ 40.5% |
| Taxes450/3 | - | €38k | €3k | €2k | €1k | ▼ 40.5% |
| Other amounts payable47/48 | - | €110k | €110k | €107k | €96k | ▼ 9.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103k | €2k | €3k | €857 | €933 | ▲ 8.9% |
| Operating cash flow (approximation) | €103k | €2k | €3k | €857 | €933 | ▲ 8.9% |
| Change in cash | - | €-27k | €-50k | €-49k | €-40k | ▲ 17.9% |
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
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
2024
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
31-12
Financial
Weakest financial yearnet €857 ▼74.7%
Net result drops to €857, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €103k ▲1,202%
Operating result €154k, net result €103k, both a record.
31-12
Financial
Liquidity times 13current ratio 3.04
Current ratio from 0.24 to 3.04; short-term debt falls from €193k to €172k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Diest · 1 establishment unit since 2005
Ground area
1,023 m²
Building footprint
257 m²
Volume, LiDAR
990 m³
Parcel 24046C0008/00H002, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PALACE
since 20052.148.754.094
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24046C0008/00H002 | Flanders | 1,023 m² | 1 · 257 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,742 companies in sector 96210 we hold annual accounts for 2,831. 1,918 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
Founded14-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.