PALEK
ActiveSummary
PALEK has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €391,364 and a net result of €84,624. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 8969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+23
Solvency42▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 2.21 against 2.39 in 2023; short-term debt: 16.5% and cash: 1.7% of total assets), but 83% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 8969 sector peers (2024).
NBB · sector comparisonPosition among 8969 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
71 d late
2023
222 d late
2022
31 d late
2021
61 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 85 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€391,364▲ 121%
2023 · €177,152
Total assets
€2.3m▲ 0.3%
2023 · €2.3m
Net result
€84,624▲ 5,543%
2023 · €1,500
Working capital
€459,530▼ 28.3%
2023 · €640,645
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€347,688▲ 482%€109,408▼ 68.5%-€17,659€26,192€77,244▲ 195%
Net result€254,946above the sector's middle half▲ 486%€60,820above the sector's middle half▼ 76.1%-€31,906below the sector's middle half€1,500within the sector's middle half€84,624above the sector's middle half▲ 5,543%
Equity€322,932above the sector's middle half▲ 375%€207,558above the sector's middle half▼ 35.7%€175,652above the sector's middle half▼ 15.4%€177,152above the sector's middle half▲ 0.9%€391,364above the sector's middle half▲ 121%
Total assets€611,475above the sector's middle half▲ 408%€1.8mabove the sector's middle half▲ 196%€2.2mabove the sector's middle half▲ 22.3%€2.3mabove the sector's middle half▲ 3.7%€2.3mabove the sector's middle half▲ 0.3%
Debt€288,543▲ 451%€1.6m▲ 455%€2.0m▲ 27.2%€2.1m▲ 3.9%€1.9m▼ 9.8%
Working capital€294,556above the sector's middle half▲ 336%€862,707above the sector's middle half▲ 193%€1.1mabove the sector's middle half▲ 26.5%€640,645above the sector's middle half▼ 41.3%€459,530above the sector's middle half▼ 28.3%
Solvency52.8%within the sector's middle half▼ 3.7pp11.5%below the sector's middle half▼ 41.3pp7.9%below the sector's middle half▼ 3.5pp7.7%below the sector's middle half▼ 0.2pp17.0%below the sector's middle half▲ 9.3pp
Current ratio2.33within the sector's middle half▲ 0.047.18above the sector's middle half▲ 4.855.24above the sector's middle half▼ 1.952.39within the sector's middle half▼ 2.852.21within the sector's middle half▼ 0.18
Return on assets (ROA)41.7%above the sector's middle half▲ 5.5pp3.4%within the sector's middle half▼ 38.3pp-1.4%below the sector's middle half▼ 4.8pp0.1%within the sector's middle half▲ 1.5pp3.7%within the sector's middle half▲ 3.6pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 195% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.3m
Fixed assets
€1.5m ▲ 22.6%
Current assets
€838,861 ▼ 23.9%
Equity and liabilities €2.3m
Equity
€391,364 ▲ 121%
Debt
€1.9m ▼ 9.8%
Debt's share of the balance-sheet total falls from 92.3% to 83.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€181,622▲
2023 · €91,611
Cash flow
€189,002▲
2023 · €66,918
Debt to equity
4.88▼
2023 · 11.96
ROE
21.6%▲
2023 · 0.8%
Interest coverage
5.89▲
2023 · 3.63
Debt ≤ 1 year
€379,331▼
2023 · €461,397
Debt > 1 year
€1.5m▼
2023 · €1.7m
Income taxes
€55,911▲
2023 · €22,864
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 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% | 1.7% |
| 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 75% 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 4,105 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,307 | €29,739 | €48,858 | €65,418 | €104,377 | ▲ 59.6% |
| Other operating charges640/8 | - | €1,403 | €9,142 | €148,106 | €73,694 | ▼ 50.2% |
| Non-recurring operating charges66A | - | €96,883 | - | - | - | - |
| Gross operating margin9900 | €349,326 | €237,433 | €40,342 | €239,717 | €255,316 | ▲ 6.5% |
| Operating profit (loss)9901 | €347,688 | €109,408 | -€17,659 | €26,192 | €77,244 | ▲ 195% |
| Financial income75/76B | - | €5,027 | €9,591 | €23,402 | €50,953 | ▲ 118% |
| Recurring financial income75 | - | €5,027 | €9,591 | €23,402 | €50,953 | ▲ 118% |
| Financial charges65/66B | - | €27,451 | €23,417 | €25,231 | €30,858 | ▲ 22.3% |
| Recurring financial charges65 | €453 | €27,451 | €23,417 | €25,231 | €30,858 | ▲ 22.3% |
| Profit (loss) for the period before taxes9903 | €347,236 | €86,984 | -€31,485 | €24,363 | €97,339 | ▲ 300% |
| Transfer from deferred taxes780 | - | - | - | - | €43,196 | - |
| Income taxes67/77 | €92,289 | €26,164 | €421 | €22,864 | €55,911 | ▲ 145% |
| Profit (loss) for the period9904 | €254,946 | €60,820 | -€31,906 | €1,500 | €84,624 | ▲ 5,543% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €129,588 | - |
| Profit (loss) for the period to be appropriated9905 | €254,946 | €60,820 | -€31,906 | €1,500 | €214,212 | ▲ 14,184% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €611,475 | €1.8m | €2.2m | €2.3m | €2.3m | ▲ 0.3% |
| Fixed assets21/28 | €95,546 | €808,109 | €865,288 | €1.2m | €1.5m | ▲ 22.6% |
| Tangible fixed assets22/27 | €95,046 | €807,609 | €864,788 | €1.1m | €1.5m | ▲ 36.3% |
| Land and buildings22 | - | €750,224 | €770,663 | €1.0m | €1.4m | ▲ 41.4% |
| Furniture and vehicles24 | - | €57,385 | €91,684 | €59,725 | €29,363 | ▼ 50.8% |
| Other tangible fixed assets26 | - | - | €2,441 | €1,912 | €2,783 | ▲ 45.6% |
| Financial fixed assets28 | €500 | €500 | €500 | €120,500 | €500 | ▼ 99.6% |
| Current assets29/58 | €515,928 | €1.0m | €1.3m | €1.1m | €838,861 | ▼ 23.9% |
| Amounts receivable after more than one year29 | - | €456,853 | €456,853 | €456,853 | €578,950 | ▲ 26.7% |
| Trade receivables290 | - | €456,853 | €456,853 | €456,853 | €578,950 | ▲ 26.7% |
| Amounts receivable within one year40/41 | €489,887 | €476,163 | €333,687 | €576,964 | €150,466 | ▼ 73.9% |
| Trade receivables40 | - | €223,371 | - | €108,008 | €149,919 | ▲ 38.8% |
| Other amounts receivable41 | - | €252,792 | €333,687 | €468,956 | €547 | ▼ 99.9% |
| Current investments50/53 | - | - | - | - | €70,000 | - |
| Cash at bank and in hand54/58 | €24,079 | €69,106 | €558,302 | €66,876 | €37,984 | ▼ 43.2% |
| Deferred charges and accrued income490/1 | - | €112 | €281 | €1,348 | €1,460 | ▲ 8.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €611,475 | €1.8m | €2.2m | €2.3m | €2.3m | ▲ 0.3% |
| Equity10/15 | €322,932 | €207,558 | €175,652 | €177,152 | €391,364 | ▲ 121% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| 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 | €314,872 | €199,498 | €167,592 | €169,092 | €383,304 | ▲ 127% |
| Amounts payable17/49 | €288,543 | €1.6m | €2.0m | €2.1m | €1.9m | ▼ 9.8% |
| Amounts payable after more than one year17 | €67,170 | €1.5m | €1.8m | €1.7m | €1.5m | ▼ 7.6% |
| Financial debts170/4 | - | €1.5m | €1.8m | €1.7m | €1.5m | ▼ 7.6% |
| Amounts payable within one year42/48 | €221,373 | €139,526 | €257,701 | €461,397 | €379,331 | ▼ 17.8% |
| Current portion of amounts payable after more than one year42 | - | - | €130,341 | €124,053 | €106,756 | ▼ 13.9% |
| Trade debts44 | €96,522 | €85,381 | €100,991 | €314,481 | €186,747 | ▼ 40.6% |
| Suppliers440/4 | - | €85,381 | €100,991 | €314,481 | €186,747 | ▼ 40.6% |
| Taxes, remuneration and social security45 | - | €54,145 | €26,369 | €22,864 | €85,828 | ▲ 275% |
| Taxes450/3 | - | €54,145 | €26,369 | €22,864 | €85,828 | ▲ 275% |
| Accrued charges and deferred income492/3 | - | €13,258 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €254,946 | €60,820 | -€31,906 | €1,500 | €84,624 | ▲ 5,543% |
| + Depreciation and write-downs630 | €1,307 | €29,739 | €48,858 | €65,418 | €104,377 | ▲ 59.6% |
| Operating cash flow (approximation) | €256,253 | €90,559 | €16,953 | €66,918 | €189,002 | ▲ 182% |
| Investment in fixed assets (approximation) | - | -€742,302 | -€106,037 | -€393,642 | -€373,552 | ▲ 5.1% |
| Change in cash | - | €45,027 | €489,196 | -€491,426 | -€28,892 | ▲ 94.1% |
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 222 days late
2024
31-12
Financial
Equity above €200,000Eq €391,364 ▲121%
2 profitable years in a row build equity to €391,364.
2023
31-12
Financial
Back to profitnet €1,500
Net result €1,500 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€31,906
Net result drops to -€31,906, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 7.18
Current ratio from 2.33 to 7.18; short-term debt falls from €221,373 to €139,526.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €254,946 ▲486%
Operating result €347,688, net result €254,946, both a record.
31-12
Financial
Equity above €200,000Eq €322,932 ▲375%
3 profitable years in a row build equity to €322,932.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, La Hulpe · 1 establishment unit since 2014
Ground area
4,373 m²
Building footprint
400 m²
Volume, LiDAR
3,561 m³
2 parcels, Brussels, Wallonia · tallest building 20.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Bosstraat 8, 1050 Elsene
since 20142.233.957.114
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050F0015/00R012 | Wallonia | 4,195 m² | 1 · 294 m² | 17.3 m · 2 fl. |
| 21447B0182/00C003 | Brussels | 179 m² | 1 · 106 m² | 20.7 m · 5 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
254900W9ZFBSP5Y8U442
Similar companies · same sector, comparable size
JNC MANAGEMENT
BE 0755.392.745
Genk · Eq €391,419
PATENT
BE 0861.177.084
Sint-Pieters-Leeuw · Eq €391,432
PHARCOJAN
BE 0539.924.071
Leuven · Eq €391,149
VITA CONSULTING
BE 0560.994.352
La Hulpe · Eq €391,609
4 Efficiency Invest
BE 0686.996.758
Malmedy · Eq €391,664
Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 4,514 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 (pre-2019)
Founded19-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0548706630
Also
9925:BE0548706630
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.