PALAE
ActivePALAE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €608k and a net result of €161k. Equity is growing by ~29% per year across the filed fiscal years. Its solvency ranks better than 73% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+13
Solvency85▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.34 against 1.7 in 2024; short-term debt: 39.7% and cash: 49.8% of total assets), and 39.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
60.3%
Return on assets
16%
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 31-08-2026, 31 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
31 d late
2024
7 d early
2023
29 d late
2022
31 d late
2021
on the day
2020
17 d late
2019
26 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€161k▲ 204%
2024 · €53k
2018: €124k
2019: €149k
2020: €180k
2021: €235k
2022: €271k
2023: €154k
2024: €53k
2018 → 2025
Working capital
€537k▲ 53.4%
2024 · €350k
2018: €136k
2019: €26k
2020: €48k
2021: €168k
2022: €461k
2023: €383k
2024: €350k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€215k-€486k▲ 126%€394k▼ 19.0%€447k▲ 13.4%€608k▲ 36.0%
Operating result€260k-€294k▲ 13.0%€167k▼ 43.4%€28k▼ 83.1%€180k▲ 539%
Net result€235k-€271k▲ 15.4%€154k▼ 43.2%€53k▼ 65.7%€161k▲ 204%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 539% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.01M
Fixed assets
€71k▼ 26.7%
Current assets
€938k▲ 10.7%
Equity and liabilities €1.01M
Equity
€608k▲ 36.0%
Debt
€401k▼ 19.4%
The debt ratio falls from 52.7% to 39.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€216k▲
2024 · €57k
Cash flow
€197k▲
2024 · €82k
Solvency
60.3%▲
2024 · 47.3%
Current ratio
2.34▲
2024 · 1.70
Quick ratio
2.04▲
2024 · 1.39
Debt / equity
0.66▼
2024 · 1.11
ROE
26.5%▲
2024 · 11.8%
ROA
16.0%▲
2024 · 5.6%
Interest coverage
45.46▲
2024 · 16.77
Debt
€401k▼
2024 · €497k
Debt ≤ 1 year
€401k▼
2024 · €497k
Income taxes
€77k▲
2024 · €25k
Staff costs
€174k▼
2024 · €238k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€944k€1.01M▲
Formation expenses20€0€0=
Fixed assets21/28€97k€71k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€96k€71k▼
Land and buildings22€18k€7k▼
Plant, machinery and equipment23€74k€55k▼
Furniture and vehicles24€5k€8k▲
Financial fixed assets28€498€498=
Current assets29/58€847k€938k▲
Stocks and contracts in progress3€155k€122k▼
Stocks30/36€155k€122k▼
Amounts receivable within one year40/41€216k€173k▼
Trade receivables40€175k€161k▼
Other amounts receivable41€42k€12k▼
Current investments50/53€432k€132k▼
Cash at bank and in hand54/58€35k€503k▲
Deferred charges and accrued income490/1€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€944k€1.01M▲
Equity10/15€447k€608k▲
Contributions10/11€100k€100k=
Reserves13€347k€508k▲
Distributable reserves133€347k€508k▲
Amounts payable17/49€497k€401k▼
Amounts payable within one year42/48€497k€401k▼
Trade debts44€76k€58k▼
Suppliers440/4€76k€58k▼
Advances received on contracts in progress46€379k€297k▼
Taxes, remuneration and social security45€41k€44k▲
Taxes450/3€13k€17k▲
Remuneration and social security454/9€28k€27k▼
Other amounts payable47/48€321€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€238k€174k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€36k▲
Other operating charges640/8€13k€15k▲
Gross operating margin9900€308k€405k▲
Operating profit (loss)9901€28k€180k▲
Financial income75/76B€53k€62k▲
Recurring financial income75€53k€62k▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€78k€238k▲
Income taxes67/77€25k€77k▲
Profit (loss) for the period9904€53k€161k▲
Profit (loss) for the period to be appropriated9905€53k€161k▲
Appropriation of the result
Profit (loss) to be appropriated9906€53k€161k▲
Transfer to equity691/2€53k€161k▲
To other reserves6921€53k€161k▲
Social balance
Average headcount (FTE)90874.83.9▼
The notes to these accounts (8 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €500kEq €608k ▲36%
8 profitable years in a row build equity to €608k.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €53k ▼65.7%
Net result drops to €53k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €271k ▲15.4%
Operating result €294k, net result €271k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200kEq €215k ▲161%
4 profitable years in a row build equity to €215k.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
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, Walcourt · 1 establishment unit since 2013
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.
Route de Philippeville(Tar) 925651 WalcourtGround area
286 m²
Building footprint
77 m²
Parcel 93076D0034/00W002, Wallonia. Linked by address, not a title deed.
1 establishment unit
PALAE
since 20132.222.863.381
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93076D0034/00W002indicative | Wallonia | 286 m² | 1 · 77 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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
MEUBELS DECLERCK
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BE 0737.739.636
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DEPOT DESIGN
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MENUISERIE RIBOUX
BE 0408.188.569
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DONUM ORIGINALS
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Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 1,182 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2013
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.