PALASHOP
ActiveSummary
The computed 12-month bankruptcy probability of PALASHOP is 1.6% (moderate). The 2025 annual accounts show equity of €60,774 and a net result of -€3,430. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 43% of 18537 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-2
Solvency50▼-50
Growth68=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.32 against 9.07 in 2024; short-term debt: 74.6% and cash: 3.9% of total assets), and 74.6% 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
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
Retail trade (NACE 47)
about 45% more 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
25.4%
Return on assets
-1.4%
Age of the figures
15 mo
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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-04-2026, 68 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
68 d late
2024
32 d late
2023
on the day
2022
21 d early
2021
on the day
2020
66 d early
2019
116 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Turnover
€2.4m▲ 43.3%
2019 · €1.7m
EBIT margin
0.1%▼ 0.4pp
2019 · 0.5%
Net result
-€3,430▼ 705%
2024 · -€426
Working capital
€57,364▼ 5.6%
2024 · €60,794
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€16,658▲ 643%€15,200▼ 8.8%€5,294▼ 65.2%€4,060▼ 23.3%€1,779▼ 56.2%
Net result€15,100€14,645▼ 3.0%€4,552▼ 68.9%-€426-€3,430▼ 705%
EBIT margin
Equity€45,433▲ 49.8%€60,078▲ 32.2%€64,630▲ 7.6%€64,204▼ 0.7%€60,774▼ 5.3%
Total assets€69,084▲ 34.3%€66,723▼ 3.4%€94,298▲ 41.3%€71,740▼ 23.9%€239,425▲ 234%
Debt€23,651▲ 12.1%€6,645▼ 71.9%€29,668▲ 346%€7,536▼ 74.6%€178,651▲ 2,271%
Working capital€42,023▲ 61.0%€56,668▲ 34.9%€61,220▲ 8.0%€60,794▼ 0.7%€57,364▼ 5.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 56% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €239,425
Fixed assets
€3,410 =
Current assets
€236,015 ▲ 245%
Equity and liabilities €239,425
Equity
€60,774 ▼ 5.3%
Debt
€178,651 ▲ 2,271%
Debt's share of the balance-sheet total rises from 10.5% to 74.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.32▼
2024 · 9.07
Quick ratio
1.18▼
2024 · 6.16
Debt to equity
2.94▲
2024 · 0.12
ROE
-5.6%▼
2024 · -0.7%
ROA
-1.4%▼
2024 · -0.6%
Debt ≤ 1 year
€178,651▲
2024 · €7,536
Income taxes
€1,000▼
2024 · €2,160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,164 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.2%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,164 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €15,302 | €19,376 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €634 | - | - | - | - | - |
| Other operating charges640/8 | - | €49,217 | €32,440 | €37,787 | €2,094 | ▼ 94.5% |
| Gross operating margin9900 | €114,516 | €79,720 | €57,109 | €41,847 | €3,872 | ▼ 90.7% |
| Operating profit (loss)9901 | €16,658 | €15,200 | €5,294 | €4,060 | €1,779 | ▼ 56.2% |
| Financial charges65/66B | - | €555 | €742 | €2,326 | €4,209 | ▲ 81.0% |
| Recurring financial charges65 | €633 | €555 | €742 | €2,326 | €4,209 | ▲ 81.0% |
| Profit (loss) for the period before taxes9903 | €16,025 | €14,645 | €4,552 | €1,734 | -€2,430 | ▼ 240% |
| Income taxes67/77 | €925 | - | - | €2,160 | €1,000 | ▼ 53.7% |
| Profit (loss) for the period9904 | €15,100 | €14,645 | €4,552 | -€426 | -€3,430 | ▼ 705% |
| Profit (loss) for the period to be appropriated9905 | €15,100 | €14,645 | €4,552 | -€426 | -€3,430 | ▼ 705% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €69,084 | €66,723 | €94,298 | €71,740 | €239,425 | ▲ 234% |
| Fixed assets21/28 | €3,410 | €3,410 | €3,410 | €3,410 | €3,410 | = |
| Intangible fixed assets21 | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €3,410 | €3,410 | €3,410 | €3,410 | €3,410 | = |
| Current assets29/58 | €65,674 | €63,313 | €90,888 | €68,330 | €236,015 | ▲ 245% |
| Stocks and contracts in progress3 | €14,361 | €9,351 | €21,051 | €21,893 | €24,643 | ▲ 12.6% |
| Stocks30/36 | - | €9,351 | €21,051 | €21,893 | €24,643 | ▲ 12.6% |
| Amounts receivable within one year40/41 | €1,996 | €188 | €54,427 | €18,662 | €202,098 | ▲ 983% |
| Trade receivables40 | - | - | - | - | €40,000 | - |
| Other amounts receivable41 | - | €188 | €54,427 | €18,662 | €162,098 | ▲ 769% |
| Cash at bank and in hand54/58 | €49,245 | €53,774 | €15,411 | €27,775 | €9,274 | ▼ 66.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €69,084 | €66,723 | €94,298 | €71,740 | €239,425 | ▲ 234% |
| Equity10/15 | €45,433 | €60,078 | €64,630 | €64,204 | €60,774 | ▼ 5.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | - | - | - |
| Other1109/19 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €24,973 | €39,618 | €44,170 | €43,744 | €40,314 | ▼ 7.8% |
| Amounts payable17/49 | €23,651 | €6,645 | €29,668 | €7,536 | €178,651 | ▲ 2,271% |
| Amounts payable within one year42/48 | €23,651 | €6,645 | €29,668 | €7,536 | €178,651 | ▲ 2,271% |
| Trade debts44 | €19,386 | €1,870 | €6,583 | €40 | €173,313 | ▲ 432,749% |
| Suppliers440/4 | - | €1,870 | €6,583 | €40 | €173,313 | ▲ 432,749% |
| Taxes, remuneration and social security45 | - | €4,617 | €23,084 | €7,496 | €5,338 | ▼ 28.8% |
| Taxes450/3 | - | €3,677 | €4,536 | €5,572 | €3,415 | ▼ 38.7% |
| Remuneration and social security454/9 | - | €940 | €18,548 | €1,923 | €1,923 | = |
| Other amounts payable47/48 | - | €157 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,100 | €14,645 | €4,552 | -€426 | -€3,430 | ▼ 705% |
| + Depreciation and write-downs630 | €634 | - | - | - | - | - |
| Operating cash flow (approximation) | €15,734 | €14,645 | €4,552 | -€426 | -€3,430 | ▼ 705% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €4,529 | -€38,364 | €12,364 | -€18,501 | ▼ 250% |
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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 68 days late
2025
30-06
Financial
Weakest financial yearnet -€3,430
Net result drops to -€3,430, the lowest in the series.
04-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
30-06
Financial
Liquidity triplescurrent ratio 9.07
Current ratio from 3.06 to 9.07; short-term debt falls from €29,668 to €7,536.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity triplescurrent ratio 9.53
Current ratio from 2.78 to 9.53; short-term debt falls from €23,651 to €6,645.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €15,100
Net result €15,100 after one loss-making year.
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
02-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Schaarbeek · 1 establishment unit since 2013
Ground area
79 m²
Building footprint
68 m²
Volume, LiDAR
1,210 m³
Parcel 21906D0220/00V000, Brussels · tallest building 20.2 m, ±6 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
PALASHOP
since 20132.223.732.423
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0220/00V000 | Brussels | 79 m² | 1 · 68 m² | 20.2 m · 6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.223.732.423
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,662 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
Founded30-10-2013
Fiscal year end30-06
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47621Retail sale of newspapers and periodicals
47242Retail sale of chocolate and confectionery
47260Retail trade
61100Wired, wireless and satellite telecommunications
61200Telecommunications resale and intermediation services
92000Gambling and betting activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0541548426
Also
9925:BE0541548426
Registered
28-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.