Palamau
ActiveSummary
Palamau has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,430 and a net result of €121,400. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 12860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency58▲+32
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 0.98 in 2024; short-term debt: 66.5% and cash: 94.1% of total assets), and 66.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
33.5%
Return on assets
93.6%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
27 d late
2024
87 d early
2023
93 d early
2022
126 d early
2021
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 65 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 5 May (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€43,430▲ 2,040%
2024 · €2,030
Total assets
€129,687▼ 45.3%
2024 · €236,919
Net result
€121,400▲ 30.2%
2024 · €93,227
Working capital
€36,302
2024 · -€3,862
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€24,274-€53,873▲ 122%€92,984▲ 72.6%€118,062▲ 27.0%€150,646▲ 27.6%
Net result€20,236within the sector's middle half-€42,574within the sector's middle half▲ 110%€68,493within the sector's middle half▲ 60.9%€93,227above the sector's middle half▲ 36.1%€121,400above the sector's middle half▲ 30.2%
Equity€15,736below the sector's middle half-€58,310within the sector's middle half▲ 271%€126,803within the sector's middle half▲ 117%€2,030below the sector's middle half▼ 98.4%€43,430within the sector's middle half▲ 2,040%
Total assets€30,578below the sector's middle half-€85,166below the sector's middle half▲ 179%€145,012within the sector's middle half▲ 70.3%€236,919within the sector's middle half▲ 63.4%€129,687within the sector's middle half▼ 45.3%
Debt€14,843-€26,856▲ 80.9%€18,209▼ 32.2%€234,890▲ 1,190%€86,258▼ 63.3%
Working capital€15,736within the sector's middle half-€57,706within the sector's middle half▲ 267%€119,752within the sector's middle half▲ 108%-€3,862below the sector's middle half€36,302within the sector's middle half
Solvency51.5%within the sector's middle half-68.5%within the sector's middle half▲ 17.0pp87.4%above the sector's middle half▲ 19.0pp0.9%below the sector's middle half▼ 86.6pp33.5%within the sector's middle half▲ 32.6pp
Current ratio2.06within the sector's middle half-3.15within the sector's middle half▲ 1.098.64above the sector's middle half▲ 5.500.98below the sector's middle half▼ 7.661.42within the sector's middle half▲ 0.44
Return on assets (ROA)66.2%above the sector's middle half-50.0%above the sector's middle half▼ 16.2pp47.2%above the sector's middle half▼ 2.8pp39.3%above the sector's middle half▼ 7.9pp93.6%above the sector's middle half▲ 54.3pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129,687
Fixed assets
€7,128 ▲ 21.0%
Current assets
€122,559 ▼ 47.0%
Equity and liabilities €129,687
Equity
€43,430 ▲ 2,040%
Debt
€86,258 ▼ 63.3%
Debt's share of the balance-sheet total falls from 99.1% to 66.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€154,600▲
2024 · €121,766
Cash flow
€125,354▲
2024 · €96,931
Debt to equity
1.99
ROE
279.5%
Interest coverage
1674.43▲
2024 · 275.65
Debt ≤ 1 year
€86,258▼
2024 · €234,890
Income taxes
€42,705▲
2024 · €24,394
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €142 | €2,089 | €3,704 | €3,953 | ▲ 6.7% |
| Other operating charges640/8 | €493 | €348 | €1,234 | €647 | €847 | ▲ 30.9% |
| Gross operating margin9900 | €24,766 | €54,362 | €96,307 | €122,414 | €155,447 | ▲ 27.0% |
| Operating profit (loss)9901 | €24,274 | €53,873 | €92,984 | €118,062 | €150,646 | ▲ 27.6% |
| Financial income75/76B | - | €1 | €0 | - | €13,551 | - |
| Recurring financial income75 | - | €1 | €0 | - | €13,551 | - |
| Financial charges65/66B | €9 | €151 | €800 | €442 | €92 | ▼ 79.1% |
| Recurring financial charges65 | €9 | €151 | €800 | €442 | €92 | ▼ 79.1% |
| Profit (loss) for the period before taxes9903 | €24,265 | €53,723 | €92,184 | €117,621 | €164,105 | ▲ 39.5% |
| Income taxes67/77 | €4,029 | €11,148 | €23,691 | €24,394 | €42,705 | ▲ 75.1% |
| Profit (loss) for the period9904 | €20,236 | €42,574 | €68,493 | €93,227 | €121,400 | ▲ 30.2% |
| Profit (loss) for the period to be appropriated9905 | €20,236 | €42,574 | €68,493 | €93,227 | €121,400 | ▲ 30.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,578 | €85,166 | €145,012 | €236,919 | €129,687 | ▼ 45.3% |
| Fixed assets21/28 | - | €604 | €9,595 | €5,891 | €7,128 | ▲ 21.0% |
| Tangible fixed assets22/27 | - | €604 | €9,595 | €5,891 | €7,128 | ▲ 21.0% |
| Furniture and vehicles24 | - | €604 | €9,595 | €5,891 | €6,050 | ▲ 2.7% |
| Other tangible fixed assets26 | - | - | - | - | €1,079 | - |
| Current assets29/58 | €30,578 | €84,562 | €135,417 | €231,028 | €122,559 | ▼ 47.0% |
| Amounts receivable within one year40/41 | €888 | €9,408 | €2,972 | €1,203 | €125 | ▼ 89.6% |
| Trade receivables40 | €888 | €4,111 | €2,959 | €1,042 | €19 | ▼ 98.2% |
| Other amounts receivable41 | - | €5,297 | €13 | €161 | €106 | ▼ 34.0% |
| Current investments50/53 | - | - | €74,010 | €106,275 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €28,836 | €74,743 | €57,824 | €122,664 | €122,062 | ▼ 0.5% |
| Deferred charges and accrued income490/1 | €855 | €411 | €611 | €885 | €372 | ▼ 58.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,578 | €85,166 | €145,012 | €236,919 | €129,687 | ▼ 45.3% |
| Equity10/15 | €15,736 | €58,310 | €126,803 | €2,030 | €43,430 | ▲ 2,040% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €14,736 | €57,310 | €125,803 | €1,030 | €42,430 | ▲ 4,020% |
| Amounts payable17/49 | €14,843 | €26,856 | €18,209 | €234,890 | €86,258 | ▼ 63.3% |
| Amounts payable within one year42/48 | €14,843 | €26,856 | €15,665 | €234,890 | €86,258 | ▼ 63.3% |
| Financial debts43 | - | €5,586 | €0 | - | - | - |
| Credit institutions430/8 | - | €5,586 | €0 | - | - | - |
| Trade debts44 | - | €961 | €149 | €960 | €4,906 | ▲ 411% |
| Suppliers440/4 | - | €961 | €149 | €960 | €4,906 | ▲ 411% |
| Taxes, remuneration and social security45 | €9,343 | €11,466 | €12,248 | €15,499 | €24,696 | ▲ 59.3% |
| Taxes450/3 | €9,343 | €11,466 | €12,248 | €15,499 | €24,696 | ▲ 59.3% |
| Other amounts payable47/48 | €5,500 | €8,843 | €3,268 | €218,431 | €56,656 | ▼ 74.1% |
| Accrued charges and deferred income492/3 | - | - | €2,544 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,236 | €42,574 | €68,493 | €93,227 | €121,400 | ▲ 30.2% |
| + Depreciation and write-downs630 | - | €142 | €2,089 | €3,704 | €3,953 | ▲ 6.7% |
| Operating cash flow (approximation) | €20,236 | €42,716 | €70,582 | €96,931 | €125,354 | ▲ 29.3% |
| Investment in fixed assets (approximation) | - | - | -€11,080 | €0 | -€5,190 | - |
| Change in cash | - | €45,907 | -€16,918 | €64,840 | -€602 | ▼ 101% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2021net €121,400 ▲30.2%
Operating result €150,646, net result €121,400, both a record.
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 8.64
Current ratio from 3.15 to 8.64; short-term debt falls from €26,856 to €15,665.
31-12
Financial
Equity above €100,000Eq €126,803 ▲117%
3 profitable years in a row build equity to €126,803.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Huldenberg · 2 establishment units since 2021
Ground area
4,943 m²
Building footprint
2,827 m²
Volume, LiDAR
103,082 m³
2 parcels, Brussels, Flanders · tallest building 101.4 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Palamau
since 20212.324.554.124
R. Borremansstraat 24A, 3040 Huldenberg
since 20252.376.083.195
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0089/00D007 | Brussels | 3,879 m² | 1 · 2,740 m² | 101.4 m · 7 fl. |
| 24045B0857/00F000 | Flanders | 1,064 m² | 1 · 87 m² | 5.4 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
6994001OYIZFU4BSTX77
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Of 22,075 companies in sector 69101 we hold annual accounts for 9,061. 7,114 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-11-2021
Fiscal year end31-12
Trade name NL
Advocatenkantoor Gillis Waelkens
Activities, NACEBEL 2025
69101Activities of lawyers
72200Scientific research and development
E-invoicing
Reachable via Peppol
Peppol ID
0208:0776908236
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.