PALAK
ActivePALAK has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-43k) and a net result of €3k. Equity is shrinking by ~47.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 17987 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency33=
Growth59=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 0.21 in 2024), and equity is negative.
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 · 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 2025Solvency, return and age of the figures
Solvency
-312.5%
Return on assets
21.2%
Age of the figures
17 mo
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 · 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 17987 sector peers (2025).
NBB · sector comparisonPosition among 17987 sector peers
Solvency
better than 5%
← weakest
strongest →
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 d early
2024
6 d early
2023
28 d late
2022
23 d late
2021
24 d late
2020
25 d late
2019
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close13-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€149k▲ 4.2%
2022 · €143k
2021: €127k
2022: €143k
2021 → 2023
EBIT margin
-14.4%▼ 7.8pp
2022 · -6.6%
2021: -19.0%
2022: -6.6%
2021 → 2023
Net result
€3k▼ 7.2%
2024 · €3k
2019: €-1k
2020: €-18k
2021: €-24k
2022: €-10k
2023: €-22k
2024: €3k
2019 → 2025
Working capital
€-43k▲ 6.6%
2024 · €-46k
2019: €20k
2020: €-227
2021: €-24k
2022: €-31k
2023: €-50k
2024: €-46k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€127k-€143k▲ 12.8%€149k▲ 4.2%
Equity€-18k-€-28k▼ 52.6%€-49k▼ 78.0%€-46k▲ 6.4%€-43k▲ 6.3%
Operating result€-24k-€-9k▲ 60.6%€-21k▼ 126%€3k€3k▼ 5.1%
Net result€-24k-€-10k▲ 60.9%€-22k▼ 126%€3k€3k▼ 7.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14k
Fixed assets
€100▼ 57.7%
Current assets
€14k▲ 10.1%
Key figures and ratios
EBITDA
€3k▼
2024 · €4k
Cash flow
€3k▼
2024 · €4k
Solvency
-312.5%▲
2024 · -363.2%
Current ratio
0.24▲
2024 · 0.21
Quick ratio
0.06▲
2024 · 0.03
Debt / equity
-1.32▼
2024 · -1.28
ROE
-6.8%▲
2024 · -6.8%
ROA
21.2%▼
2024 · 24.8%
Interest coverage
61.01
Debt
€57k▼
2024 · €59k
Debt ≤ 1 year
€57k▼
2024 · €59k
Income taxes
€84▲
2024 · €75
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€13k€14k▲
Fixed assets21/28€236€100▼
Tangible fixed assets22/27€236€0▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€236€0▼
Financial fixed assets28-€100
Current assets29/58€12k€14k▲
Stocks and contracts in progress3€10k€11k▲
Stocks30/36€10k€11k▲
Amounts receivable within one year40/41€5€1k▲
Trade receivables40-€1k
Other amounts receivable41€5€0▼
Cash at bank and in hand54/58€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€13k€14k▲
Equity10/15€-46k€-43k▲
Contributions10/11€19k€19k=
Reserves13€0-
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Profit (loss) carried forward14€-65k€-62k▲
Amounts payable17/49€59k€57k▼
Amounts payable within one year42/48€59k€57k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€2k€663▼
Suppliers440/4€2k€663▼
Taxes, remuneration and social security45€501€111▼
Taxes450/3€501€111▼
Remuneration and social security454/9€0-
Other amounts payable47/48€56k€56k▲
Income statement
Code20242025
Remuneration, social security and pensions62€13k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€355€236▼
Other operating charges640/8€897€3k▲
Gross operating margin9900€18k€7k▼
Operating profit (loss)9901€3k€3k▼
Financial charges65/66B-€54
Recurring financial charges65-€54
Profit (loss) for the period before taxes9903€3k€3k▼
Income taxes67/77€75€84▲
Profit (loss) for the period9904€3k€3k▼
Profit (loss) for the period to be appropriated9905€3k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-65k€-62k▲
Profit (loss) brought forward from the previous period14P€-68k€-65k▲
Transfer from equity791/2€177€0▼
The notes to these accounts (7 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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €3k
Net result €3k after 5 loss-making years.
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
31-03
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 29 days late
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
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.
Ground area
427 m²
Building footprint
233 m²
Volume, LiDAR
2,815 m³
Parcel 71326F0256/00S000, Flanders · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Panjabi Voeding
since 20132.218.858.568
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0256/00S000 | Flanders | 427 m² | 1 · 233 m² | 15.5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHasselt2.218.858.568
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Of 10,411 companies in sector 47110 we hold annual accounts for 5,786. 2,844 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2004
Fiscal year end31-03
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
52112
47210Retail sale of fruit and vegetables
47252Retail sale of beverages, general range
47260Retail trade
47279Other retail sale of food
47299Retail trade
47750Retail sale of cosmetics and toilet articles
52250Logistics services
52272
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:tegpreet@live.be