PALACE D'OR
ActiveSummary
PALACE D'OR has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €971k and a net result of €787k. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+18
Solvency84▲+36
Growth75=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 1.34 in 2024; short-term debt: 36.2% and cash: 15.9% of total assets), and 40.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.5%
Return on assets
48.2%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
28 d late
2023
9 d early
2022
2 d late
2021
30 d late
2020
80 d late
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.35M▲ 23.1%
2018 · €1.09M
2018: €1.09M
2018 → 2020
EBIT margin
6.1%▲ 4.5pp
2018 · 1.5%
2018: 1.5%
2018 → 2020
Net result
€787k▲ 802%
2024 · €87k
2018: €13k
2019: €-31k
2020: €75k
2021: €52k
2022: €5k
2023: €-167
2024: €87k
2018 → 2025
Working capital
€928k▲ 436%
2024 · €173k
2018: €14k
2019: €-1k
2020: €49k
2021: €104k
2022: €130k
2023: €76k
2024: €173k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€118k-€123k▲ 4.5%€105k▼ 15.2%€184k▲ 76.1%€971k▲ 428%
Operating result€72k-€10k▼ 86.3%€19k▲ 91.7%€126k▲ 565%€1.08M▲ 757%
Net result€52k-€5k▼ 89.8%€-167€87k€787k▲ 802%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 757% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.63M
Fixed assets
€114k ▼ 3.5%
Current assets
€1.52M ▲ 121%
Equity and liabilities €1.63M
Equity
€971k ▲ 428%
Debt
€662k ▲ 6.5%
Debt's share of the balance-sheet total falls from 77.2% to 40.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.10M▲
2024 · €160k
Cash flow
€806k▲
2024 · €122k
Current ratio
2.57▲
2024 · 1.34
Quick ratio
0.59▼
2024 · 0.68
Debt to equity
0.68▼
2024 · 3.38
ROE
81.1%▲
2024 · 47.4%
ROA
48.2%▲
2024 · 10.8%
Interest coverage
220.40▲
2024 · 40.58
Debt ≤ 1 year
€591k▲
2024 · €515k
Debt > 1 year
€71k▼
2024 · €107k
Income taxes
€289k▲
2024 · €35k
Staff costs
€135k▲
2024 · €89k
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 · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€806k€1.63M▲
Fixed assets21/28€118k€114k▼
Tangible fixed assets22/27€117k€113k▼
Plant, machinery and equipment23€33k€33k=
Furniture and vehicles24€85k€81k▼
Financial fixed assets28€430€430=
Current assets29/58€688k€1.52M▲
Amounts receivable after more than one year29€29k€50k▲
Trade receivables290€29k€50k▲
Stocks and contracts in progress3€338k€1.17M▲
Stocks30/36€338k€1.17M▲
Amounts receivable within one year40/41€117k€41k▼
Trade receivables40€110k-
Other amounts receivable41€6k€41k▲
Cash at bank and in hand54/58€204k€260k▲
Deferred charges and accrued income490/1€96-
Equity and liabilities
Total equity and liabilities10/49€806k€1.63M▲
Equity10/15€184k€971k▲
Reserves13€79k€79k=
Distributable reserves133€79k€79k=
Profit (loss) carried forward14€105k€892k▲
Amounts payable17/49€622k€662k▲
Amounts payable after more than one year17€107k€71k▼
Financial debts170/4€107k€71k▼
Amounts payable within one year42/48€515k€591k▲
Current portion of amounts payable after more than one year42€356k€58k▼
Trade debts44€102k€89k▼
Suppliers440/4€102k€89k▼
Taxes, remuneration and social security45€34k€404k▲
Taxes450/3€26k€340k▲
Remuneration and social security454/9€9k€63k▲
Other amounts payable47/48€22k€40k▲
Income statement
Code20242025
Non-recurring operating income76A-€19k
Remuneration, social security and pensions62€89k€135k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€18k▼
Other operating charges640/8€31k€3k▼
Gross operating margin9900€280k€1.24M▲
Operating profit (loss)9901€126k€1.08M▲
Financial income75/76B€61€2k▲
Recurring financial income75€61€2k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€122k€1.08M▲
Income taxes67/77€35k€289k▲
Profit (loss) for the period9904€87k€787k▲
Profit (loss) for the period to be appropriated9905€87k€787k▲
Appropriation of the result
Profit (loss) to be appropriated9906€192k€892k▲
Profit (loss) brought forward from the previous period14P€105k€105k▼
Transfer to equity691/2€87k-
To other reserves6921€87k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Highest result since 2018net €787k ▲802%
Operating result €1.08M, net result €787k, both a record.
31-12
Financial
Equity above €500kEq €971k ▲428%
2 profitable years in a row build equity to €971k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €87k
Net result €87k after one loss-making year.
31-12
Financial
Equity above €150kEq €184k ▲76.1%
Equity rises from €105k to €184k.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €100kEq €118k ▲79.5%
2 profitable years in a row build equity to €118k.
19-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 80 days late
2020
31-12
Financial
Back to profitnet €75k
Net result €75k after one loss-making year.
Show earlier events
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Weakest financial yearnet €-31k ▼339%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Liège · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Pont-d'Avroy 344000 LiègeGround area
62 m²
Building footprint
39 m²
Volume, LiDAR
509 m³
Parcel 62803A1303/00A000, Wallonia · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PALACE D'OR
since 20142.234.071.039
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1303/00A000 | Wallonia | 62 m² | 1 · 39 m² | 16.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GOLD CONCEPT
BE 0436.411.710
Sint-Pieters-Woluwe · Eq €983,626
TDJ
BE 0831.773.614
Wavre · Eq €987,706
CHOICE JUWELEN
BE 0454.040.667
Antwerpen · Eq €988,211
SHANIA
BE 0896.980.378
Lasne · Eq €942,114
COBIMO
BE 0453.613.174
Elsene · Eq €1,007,824
Of 2,017 companies in sector 47770 we hold annual accounts for 898. 532 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.