PALASCIMMO
ActiveSummary
PALASCIMMO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €-3k. Equity is growing by ~45% per year across the filed fiscal years. Its solvency ranks better than 52% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-80
Solvency57▼-18
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 2.02 in 2024; short-term debt: 19.7% and cash: 22.5% of total assets), but 67.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
32.1%
Return on assets
-6.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-11-2025, 66 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
66 d early
2024
18 d early
2023
5 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€14k▼ 15.9%
2024 · €17k
2023: €1klowest in 3 years
2024: €17k▲ +1098% vs 2023highest in 3 years
2025: €14k▼ -15.9% vs 2024
2023 → 2025
Total assets
€43k▲ 32.1%
2024 · €33k
2023: €8klowest in 3 years
2024: €33k▲ +323% vs 2023
2025: €43k▲ +32.1% vs 2024highest in 3 years
2023 → 2025
Net result
€-3k
2024 · €15k
2023: €1k
2024: €15k▲ +1398% vs 2023highest in 3 years
2025: €-3k▼ -117% vs 2024lowest in 3 years
2023 → 2025
Working capital
€10k▼ 36.8%
2024 · €17k
2023: €1klowest in 3 years
2024: €17k▲ +1098% vs 2023highest in 3 years
2025: €10k▼ -36.8% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€1k-€17k▲ 1,098%€14k▼ 15.9%
2023: €1klowest in 3 years
2024: €17k▲ +1098% vs 2023highest in 3 years
2025: €14k▼ -15.9% vs 2024
Operating result€1k-€24k▲ 1,893%€-2k
2023: €1k
2024: €24k▲ +1893% vs 2023highest in 3 years
2025: €-2k▼ -107% vs 2024lowest in 3 years
Net result€1k-€15k▲ 1,398%€-3k
2023: €1k
2024: €15k▲ +1398% vs 2023highest in 3 years
2025: €-3k▼ -117% vs 2024lowest in 3 years
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 2025: a loss of €2k after €24k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43k
Fixed assets
€24k
Current assets
€19k
Equity and liabilities €43k
Equity
€14k ▼ 15.9%
Debt
€29k ▲ 81.0%
Debt's share of the balance-sheet total rises from 49.6% to 67.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€655
Cash flow
€-408
Current ratio
2.22▲
2024 · 2.02
Debt to equity
2.12▲
2024 · 0.98
ROE
-19.0%▼
2024 · 91.7%
ROA
-6.1%▼
2024 · 46.2%
Interest coverage
1.00
Debt ≤ 1 year
€9k▼
2024 · €16k
Debt > 1 year
€21k
Income taxes
€564▼
2024 · €8k
Staff costs
€29k▲
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€33k€43k▲
Fixed assets21/28-€24k
Tangible fixed assets22/27-€24k
Furniture and vehicles24-€24k
Current assets29/58€33k€19k▼
Amounts receivable within one year40/41€18k€9k▼
Trade receivables40€14k€7k▼
Other amounts receivable41€4k€1k▼
Cash at bank and in hand54/58€14k€10k▼
Deferred charges and accrued income490/1€390€546▲
Equity and liabilities
Total equity and liabilities10/49€33k€43k▲
Equity10/15€17k€14k▼
Contributions10/11€2k€2k=
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€21€-3k▼
Amounts payable17/49€16k€29k▲
Amounts payable after more than one year17-€21k
Financial debts170/4-€21k
Amounts payable within one year42/48€16k€9k▼
Current portion of amounts payable after more than one year42-€5k
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€15k€3k▼
Taxes450/3€13k€1k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€0-
Income statement
Code20242025
Remuneration, social security and pensions62€28k€29k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Other operating charges640/8-€469
Gross operating margin9900€52k€30k▼
Operating profit (loss)9901€24k€-2k▼
Financial income75/76B€117€155▲
Recurring financial income75€117€155▲
Financial charges65/66B€349€653▲
Recurring financial charges65€349€653▲
Profit (loss) for the period before taxes9903€23k€-2k▼
Income taxes67/77€8k€564▼
Profit (loss) for the period9904€15k€-3k▼
Profit (loss) for the period to be appropriated9905€15k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-3k▼
Profit (loss) brought forward from the previous period14P€-221€21▲
Transfer to equity691/2€15k-
To other reserves6921€15k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €28k | €29k | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2k | - |
| Other operating charges640/8 | - | - | €469 | - |
| Gross operating margin9900 | €1k | €52k | €30k | ▼ 41.5% |
| Operating profit (loss)9901 | €1k | €24k | €-2k | ▼ 107% |
| Financial income75/76B | - | €117 | €155 | ▲ 32.5% |
| Recurring financial income75 | - | €117 | €155 | ▲ 32.5% |
| Financial charges65/66B | €174 | €349 | €653 | ▲ 86.9% |
| Recurring financial charges65 | €174 | €349 | €653 | ▲ 86.9% |
| Profit (loss) for the period before taxes9903 | €1k | €23k | €-2k | ▼ 109% |
| Income taxes67/77 | - | €8k | €564 | ▼ 93.2% |
| Profit (loss) for the period9904 | €1k | €15k | €-3k | ▼ 117% |
| Profit (loss) for the period to be appropriated9905 | €1k | €15k | €-3k | ▼ 117% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €8k | €33k | €43k | ▲ 32.1% |
| Fixed assets21/28 | - | - | €24k | - |
| Tangible fixed assets22/27 | - | - | €24k | - |
| Furniture and vehicles24 | - | - | €24k | - |
| Current assets29/58 | €8k | €33k | €19k | ▼ 42.1% |
| Amounts receivable within one year40/41 | €5k | €18k | €9k | ▼ 53.0% |
| Trade receivables40 | €4k | €14k | €7k | ▼ 47.8% |
| Other amounts receivable41 | €605 | €4k | €1k | ▼ 69.3% |
| Cash at bank and in hand54/58 | €3k | €14k | €10k | ▼ 29.9% |
| Deferred charges and accrued income490/1 | €78 | €390 | €546 | ▲ 40.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €8k | €33k | €43k | ▲ 32.1% |
| Equity10/15 | €1k | €17k | €14k | ▼ 15.9% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | - | €15k | €15k | = |
| Distributable reserves133 | - | €15k | €15k | = |
| Profit (loss) carried forward14 | €-221 | €21 | €-3k | ▼ 12,411% |
| Amounts payable17/49 | €6k | €16k | €29k | ▲ 81.0% |
| Amounts payable after more than one year17 | - | - | €21k | - |
| Financial debts170/4 | - | - | €21k | - |
| Amounts payable within one year42/48 | €6k | €16k | €9k | ▼ 47.4% |
| Current portion of amounts payable after more than one year42 | - | - | €5k | - |
| Trade debts44 | €1k | €1k | - | - |
| Suppliers440/4 | €1k | €1k | - | - |
| Taxes, remuneration and social security45 | - | €15k | €3k | ▼ 78.1% |
| Taxes450/3 | - | €13k | €1k | ▼ 90.4% |
| Remuneration and social security454/9 | - | €2k | €2k | ▲ 23.9% |
| Other amounts payable47/48 | €5k | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €15k | €-3k | ▼ 117% |
| + Depreciation and write-downs630 | - | - | €2k | - |
| Operating cash flow (approximation) | €1k | €15k | €-408 | ▼ 103% |
| Change in cash | - | €11k | €-4k | ▼ 138% |
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
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
13-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2023net €15k ▲1,398%
Operating result €24k, net result €15k, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Colfontaine · 1 establishment unit since 2023
Ground area
224 m²
Building footprint
55 m²
Volume, LiDAR
417 m³
Parcel 53064B0720/00Y000, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PALASCIMMO
since 20232.345.252.934
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53064B0720/00Y000 | Wallonia | 224 m² | 1 · 55 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. 617 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
Founded01-07-2020
Fiscal year end30-06
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
joseph@palascino.be
E-mail
palascimmo@gmail.com
Phone
+32477483110
E-mail
guidimmoplus@gmail.comColfontaine
Phone
+32475115591Colfontaine
Scores and ratios are computed by Checked and are not a credit decision.