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PALAE

Active
Private limited companyfounded 2013active for 13 yearsRoute de Philippeville(Tar) 92, 5651 Walcourt, BelgiumKBO/BCE: BE 0540.555.462

From the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

PALAE has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €607,722 and a net result of €160,957. Equity is growing by about 29% per year across the filed financial years. Its solvency ranks better than 73% of 12,737 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
PALAEActiveChecked score 97/100
Risk analysis ReportCompare

Directors

Directors
1 director, last change in 2023
MERTENS Vincent Jean-Marie
Director (not named in the articles) · appointed in the act of 15-12-2023 · in the 2025 annual accounts, filed on 31-08-2026
Current
Office holders in the KBO →

Mandate history

1 person, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
MERTENS Vincent Jean-Marie
  • Manager, until 15-12-2023
  • Director (not named in the articles), appointed in the act of 15-12-2023, still in office
See the board, name and registered office on a given date →

How the board is organised

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Article 11 - Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
Board ruleHow the board is made up, meets and takes decisions.
“Organe d'administration, assemblee nommant fixe nombre,duree mandat et en cas pluralite pouvoirs”
“Remuneration des administrateurs, si remunere,assemblee majorite absolue voix ou actionnaire unique determine montant fixe ou…”

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Assemblée générale délibérant dans formes prévues pour modifications aux statuts, en tout temps”
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
One provision in the deed

Articles of association, deed of 15-12-2023

Owners and capital

Capital and shareholders

Capital over the years
  1. 15-12-2023 Converted to unavailable equity
  2. 15-12-2023 Capital increase of €25,000 · to €100,000 · 250 new shares

Shares according to the articles of association

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“1000, Article 5 - Apports”
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Cession d'actions, toutes cessions entre vifs onereux/gratuit volontaires/forcees (exclusion/retrait) en usufruit/nue-propriete/pleine…”

Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.

Other provision: “Compte de capitaux propres statutairement indisponible, 100000”
Other provision: “Appels de fonds, Article 6”
Other provision: “Nature des actions, titulaires peuvent prendre connaissance du registre relatif à leurs titres”
Other provision: “Droit de vote et convention, titres indivisibles”
Other provision: “Gestion journaliere, organe peut deleguer gestion journaliere et representation y afferente a un ou plusieurs membres titre…”
Other provision: “Controle de la societe-Discontinuite”
Other provision: “Tenue de l'assemblee generale, siege ou autre endroit fixe convocation”
Other provision: “Bureau de l'assemblée générale et procès-verbaux, administrateur,à défaut actionnaire présent détenant le plus d'actions,en cas de parité le…”
Other provision: “Une voix par action,sous réserve actions sans droit de vote ou à vote privilégié, procuration écrite par tout moyen à toute personne…”
Other provision: “Organe d'administration, 3 semaines”
Other provision: “Mise en réserve et distribution conformément à la loi et dispositions statuts sur droits attachés aux actions, répartition-réserves”
Liquidation distribution: “Actif net réparti entre actionnaires en proportion de leurs actions,biens conservés remis pour partage même proportion, en cas d'actions non…”
Other provision: “Élection de domicile, tout actionnaire,administrateur,commissaire,liquidateur ou porteur d'obligations domicilié à l'étranger”
Other provision: “Dispositions légales impératives réputées inscrites,clauses contraires censées non écrites, droit commun”
2 more provisions in the deed, see the deed of 15-12-2023

Articles of association, deed of 15-12-2023 (in French)

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