PALARA
InactivePALARA was declared bankrupt on 12-12-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 17-03-2026, published in the Belgian State Gazette on 25-03-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-08-2023, 30 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
not confirmed
2024
not filed
2023
not filed
2022
30 d late
2021
60 d late
2020
61 d late
2019
49 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-15k▼ 14.3%
2021 · €-14k
2018: €6k
2019: €2k
2020: €-11k
2021: €-14k
2018 → 2022
Total assets
€4k▲ 2.6%
2021 · €4k
2018: €24k
2019: €4k
2020: €4k
2021: €4k
2018 → 2022
Net result
€-2k▲ 7.3%
2021 · €-2k
2018: €-8k
2019: €-4k
2020: €-11k
2021: €-2k
2018 → 2022
Working capital
€-15k▼ 14.3%
2021 · €-14k
2018: €6k
2019: €-297
2020: €-11k
2021: €-14k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€6k-€2k▼ 67.9%€-11k€-14k▼ 18.2%€-15k▼ 14.3%
Operating result€-5k-€-4k▲ 11.7%€-10k▼ 138%€-1k▲ 87.5%€-1k▲ 13.3%
Net result€-8k-€-4k▲ 45.4%€-11k▼ 156%€-2k▲ 81.3%€-2k▲ 7.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2022 against €1k in 2021; the loss shrinks.
Key figures and ratios
Debt
€19k▲
2021 · €17k
Debt ≤ 1 year
€19k▲
2021 · €17k
Ratios withheld: a balance sheet total of €4k is too small for a meaningful ratio.
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€4k€4k▲
Current assets29/58€4k€4k▲
Amounts receivable within one year40/41€4k€4k▲
Other amounts receivable41€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€4k€4k▲
Equity10/15€-14k€-15k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-22k€-24k▼
Amounts payable17/49€17k€19k▲
Amounts payable within one year42/48€17k€19k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€869€1k▲
Suppliers440/4€869€1k▲
Taxes, remuneration and social security45€1k€1k=
Taxes450/3€1k€1k=
Other amounts payable47/48€12k€14k▲
Income statement
Code20212022
Gross operating margin9900€-1k€-1k▲
Operating profit (loss)9901€-1k€-1k▲
Financial charges65/66B€781€802▲
Recurring financial charges65€781€802▲
Profit (loss) for the period before taxes9903€-2k€-2k▲
Profit (loss) for the period9904€-2k€-2k▲
Profit (loss) for the period to be appropriated9905€-2k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-24k▼
Profit (loss) brought forward from the previous period14P€-19k€-22k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
25-03
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · PALARA BV LOUIZA- LAAN 347/15, 1050 ELSENE · event 17-03-2026
2024
13-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · PALARA BV LOUIZA- LAAN 347/15, 1050 ELSENE · event 12-12-2023
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
2015
29-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 90 days late
31-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 365 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PATRICK SCHRUERS LUCHTHAVENLAAN 27 BUS 38,
1800 VILVOORDE |
12-12-2023 → present |