PALAS

Active

Private limited companyfounded 20215 yrs activeHooirt 218, 9220 Hamme (Vl.), BelgiumKBO/BCE: BE 0762.458.701

The computed 12-month bankruptcy probability of PALAS is 3.3% (moderate). The 2024 annual accounts show equity of €25k and a net result of €-12k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 70% of 36373 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

47 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability8▼-92

Solvency90▼-3

Growth52=

Track record94

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity ample (current ratio 1.9 against 2.17 in 2023; short-term debt: 35.3% and cash: 5.9% of total assets), and 35.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

64.7%

Return on assets

-30.2%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

33 d early

2023

32 d early

2022

136 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€173k

EBIT margin

12.0%

Net result

€-12k

2023 · €17k

2022: €20k 2023: €17k

2022 → 2024

Working capital

€13k▼ 36.1%

2023 · €20k

2022: €12k 2023: €20k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Turnover€173k-

Equity€25k-€37k▲ 49.7%€25k▼ 31.8%

Operating result€21k-€22k▲ 7.6%€-7k

Net result€20k-€17k▼ 16.3%€-12k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €7k after €22k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €39k

32.8%

67.2%

Fixed assets €13k▼ 30.7%

Current assets €26k▼ 27.2%

Equity and liabilities €39k

64.7%

35.3%

Equity €25k▼ 31.8%

Debt €14k▼ 21.2%

The debt ratio rises from 32.1% to 35.3%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€278▼

2023 · €29k

Cash flow

€-5k▼

2023 · €24k

Solvency

64.7%▼

2023 · 67.9%

Current ratio

1.90▼

2023 · 2.17

Quick ratio

1.90▼

2023 · 2.17

Debt / equity

0.55▲

2023 · 0.47

ROE

-46.7%▼

2023 · 44.7%

ROA

-30.2%▼

2023 · 30.4%

Interest coverage

1.00▼

2023 · 65.73

Debt

€14k▼

2023 · €18k

Debt ≤ 1 year

€14k▼

2023 · €17k

Income taxes

€5k▼

2023 · €5k

Staff costs

€33k▲

2023 · €18k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€55k€39k▼

Fixed assets21/28€19k€13k▼

Tangible fixed assets22/27€18k€12k▼

Plant, machinery and equipment23€1k€2k▲

Furniture and vehicles24€16k€10k▼

Financial fixed assets28€910€910=

Current assets29/58€36k€26k▼

Amounts receivable within one year40/41€22k€24k▲

Trade receivables40€19k€17k▼

Other amounts receivable41€3k€7k▲

Cash at bank and in hand54/58€14k€2k▼

Deferred charges and accrued income490/1-€237

Equity and liabilities

Total equity and liabilities10/49€55k€39k▼

Equity10/15€37k€25k▼

Contributions10/11€5k€5k=

Profit (loss) carried forward14€32k€20k▼

Amounts payable17/49€18k€14k▼

Amounts payable after more than one year17€922-

Financial debts170/4€922-

Amounts payable within one year42/48€17k€14k▼

Current portion of amounts payable after more than one year42€5k€922▼

Trade debts44€3k€9k▲

Suppliers440/4€3k€9k▲

Taxes, remuneration and social security45€5k€4k▼

Taxes450/3€3k-

Remuneration and social security454/9€2k€4k▲

Other amounts payable47/48€3k-

Income statement Code20232024

Remuneration, social security and pensions62€18k€33k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲

Other operating charges640/8€529€1k▲

Gross operating margin9900€48k€35k▼

Operating profit (loss)9901€22k€-7k▼

Financial income75/76B€0€0▼

Recurring financial income75€0€0▼

Financial charges65/66B€445€277▼

Recurring financial charges65€445€277▼

Profit (loss) for the period before taxes9903€22k€-7k▼

Income taxes67/77€5k€5k▼

Profit (loss) for the period9904€17k€-12k▼

Profit (loss) for the period to be appropriated9905€17k€-12k▼

Appropriation of the result

Profit (loss) to be appropriated9906€37k€20k▼

Profit (loss) brought forward from the previous period14P€20k€32k▲

Profit to be distributed694/7€4k-

Return on contributions (dividend)694€4k-

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

28-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-12k ▼171%

Net result drops to €-12k, the lowest in the series.

29-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

17-03

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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

Registered office, Hamme (Vl.) · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Hooirt 2189220 Hamme (Vl.)

Ground area

1,437 m²

Building footprint

145 m²

Volume, LiDAR

587 m³

Parcel 42452B1265/00G000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

PALAS

Hooirt 218, 9220 Hamme (Vl.)General construction of buildings

since 20212.312.648.858

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42452B1265/00G000	Flanders	1,437 m²	1 · 145 m²	5.9 m · 1 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.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 2 entries · 1,009 EUR awarded · 1,009 EUR paid

Year	Entries	awarded	paid
2025	1	273 EUR	273 EUR
2023	1	736 EUR	736 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 1,009 EUR · 1,009 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

2 categories

PALAS BV42221

category C2, class 1 · category P1, class 1

decision 13-09-2022

Similar companies · same sector, comparable size

Nazareth-De Pinte · Eq €26k

Sint-Pieters-Leeuw · Eq €26k

Of 7,294 companies in sector 43350 we hold annual accounts for 2,361. 1,859 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded25-01-2021

Fiscal year end31-12

Activities, NACEBEL

43120Site preparation

43350Other building finishing work

43211General electrical installation work

43222Installation of electric heating, air conditioning, cooling and ventilation

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.