Financials
- Financial year
- 2025
- Total assets
- €13,786
- Profit
- €2,921
- Solvency
- -312.5%
Turnover▲ 4.2%
Net result
20212023
PALAK
ActiveSummary
PALAK has been active since 2004 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show negative equity (-€43,085) and a net result of €2,921. Equity is shrinking by about 47% per year across the filed financial years. Its solvency ranks better than 5% of 533 sector peers (NACE 47, financial year 2026). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Activity
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110
1 site
Size
≈ €200,000turnover 2025, estimated
- Equity
- -€43,085
- Profit
- €2,921
Turnover estimated from the gross margin
Why 55raises riskCapped at 59: negative equityEx-officio strike-off in the KBONegative equity -€43,085lowers riskSize: total assets €13,786Founded in 2004Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 42% of its sector peers (NACE 47, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -312.5% of total assets
Liquidity
19=
short-term debt 412.5% · cash 15.2%
Profitability
95-5
return on assets 21.2%
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.9%
12-2024: 1.9%● unchanged vs 11-2024
01-2025: 1.9%● unchanged vs 12-2024
02-2025: 1.9%● unchanged vs 01-2025
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 1.9%● unchanged vs 03-2025
05-2025: 1.9%● unchanged vs 04-2025
06-2025: 1.9%● unchanged vs 05-2025
07-2025: 2.0%▲ +0.1 percentage points vs 06-2025
08-2025: 2.3%▲ +0.3 percentage points vs 07-2025
09-2025: 2.3%● unchanged vs 08-2025
10-2025: 2.8%▲ +0.5 percentage points vs 09-2025highest value
11-2025: 1.9%▼ -0.9 percentage points vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 0.8%▼ -1.1 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 0.7%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 1.2%▲ +0.5 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.24, compared with 0.21 in 2024, below 1; short-term debt: 412.5% and cash: 15.2% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 6% on solvency, 17% on liquidity, 89% on profitability and 54% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-10-2025, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 days early
2024
6 days early
2023
28 days late
2022
23 days late
2021
24 days late
2020
25 days late
2019
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Searched, nothing found (1)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 23 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-03-2026 year end30-10-2026 today31-10-2026 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Address struckevent 12-09-2023
Key points
By topic
Board & ownership
- Board
- 1 member
- Kaur ManbirDirector
Timeline
- Events
- 25
- Since
- 2006
- Next accounts
- by 31-10-2026
- 31-03-2024Back to profit
- 20-12-2023Registered office · Legal-form change · Resignations…
- 28-11-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Non-specialised retail sale with food, beverages or tobacco…NACE 47110
- Founded
- 18-05-2004
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 15
- Annual meeting
- Last Thursday of August at 14:00
Key facts about PALAK
- What is the company number of PALAK?
- 0865.372.830. In Belgium the VAT number is the company number with BE in front: BE 0865.372.830.
- What does PALAK do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of PALAK?
- Private limited company (BV).
- When was PALAK founded?
- On 18-05-2004.
- Is PALAK still active?
- Yes, PALAK is an active enterprise in the KBO register.Company details
- What is the turnover of PALAK?
- €148,930 in financial year 2023, according to the filed annual accounts.Financials
- Is PALAK profitable?
- In financial year 2025, PALAK made a profit of €2,921.
- Where can I find the annual accounts of PALAK?
- PALAK filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PALAK due?
- By 31-10-2026, for financial year 2026.Timeline
Companies related to PALAK
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