PALIFLAM
ActiveSummary
PALIFLAM has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130k and a net result of €-14k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 56% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-6
Solvency78▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.62 in 2024; short-term debt: 40.7% and cash: 37.5% of total assets), and 47.4% 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 · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-14k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
29 d late
2023
92 d late
2022
70 d late
2021
29 d late
2020
23 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€563k
EBIT margin
0.3%
Net result
€-14k▼ 932%
2024 · €-1k
2018: €7k
2019: €-5k▼ -168% vs 2018
2020: €43k▲ +960% vs 2019
2021: €122▼ -99.7% vs 2020
2022: €90k▲ +74025% vs 2021highest in 8 years
2023: €2k▼ -97.7% vs 2022
2024: €-1k▼ -165% vs 2023
2025: €-14k▼ -932% vs 2024lowest in 8 years
2018 → 2025
Working capital
€74k▼ 1.2%
2024 · €75k
2018: €30k
2019: €29k▼ -2.3% vs 2018lowest in 8 years
2020: €67k▲ +134% vs 2019
2021: €59k▼ -12.6% vs 2020
2022: €68k▲ +15.9% vs 2021
2023: €79k▲ +15.6% vs 2022highest in 8 years
2024: €75k▼ -4.9% vs 2023
2025: €74k▼ -1.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€563k-
Equity€98k-€144k▲ 46.3%€146k▲ 1.5%€144k▼ 0.9%€130k▼ 9.8%
2021: €98klowest in 5 years
2022: €144k▲ +46.3% vs 2021
2023: €146k▲ +1.5% vs 2022highest in 5 years
2024: €144k▼ -0.9% vs 2023
2025: €130k▼ -9.8% vs 2024
Operating result€1k-€122k▲ 8,184%€6k▼ 94.7%€3k▼ 53.8%€-12k
2021: €1k
2022: €122k▲ +8184% vs 2021highest in 5 years
2023: €6k▼ -94.7% vs 2022
2024: €3k▼ -53.8% vs 2023
2025: €-12k▼ -519% vs 2024lowest in 5 years
Net result€122-€90k▲ 74,025%€2k▼ 97.7%€-1k€-14k▼ 932%
2021: €122
2022: €90k▲ +74025% vs 2021highest in 5 years
2023: €2k▼ -97.7% vs 2022
2024: €-1k▼ -165% vs 2023
2025: €-14k▼ -932% vs 2024lowest in 5 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 €12k after €3k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247k
Fixed assets
€72k ▼ 28.6%
Current assets
€175k ▼ 11.2%
Equity and liabilities €247k
Equity
€130k ▼ 9.8%
Debt
€117k ▼ 23.9%
Debt's share of the balance-sheet total falls from 51.6% to 47.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€24k▼
2024 · €37k
Cash flow
€22k▼
2024 · €33k
Current ratio
1.74▲
2024 · 1.62
Quick ratio
1.23▲
2024 · 1.15
Debt to equity
0.90▼
2024 · 1.07
ROE
-10.9%▼
2024 · -1.0%
ROA
-5.7%▼
2024 · -0.5%
Interest coverage
10.23▼
2024 · 22.79
Debt ≤ 1 year
€101k▼
2024 · €122k
Debt > 1 year
€16k▼
2024 · €32k
Income taxes
€281▼
2024 · €3k
Staff costs
€69k▲
2024 · €56k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€298k€247k▼
Fixed assets21/28€101k€72k▼
Tangible fixed assets22/27€101k€72k▼
Land and buildings22€550€2k▲
Plant, machinery and equipment23€17k€15k▼
Furniture and vehicles24€84k€55k▼
Financial fixed assets28€364€364=
Current assets29/58€197k€175k▼
Stocks and contracts in progress3€57k€51k▼
Stocks30/36€57k€51k▼
Amounts receivable within one year40/41€29k€27k▼
Trade receivables40€23k€22k▼
Other amounts receivable41€6k€5k▼
Cash at bank and in hand54/58€106k€93k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€298k€247k▼
Equity10/15€144k€130k▼
Contributions10/11€31k€31k=
Reserves13€35k€35k=
Distributable reserves133€35k€35k=
Profit (loss) carried forward14€78k€64k▼
Amounts payable17/49€154k€117k▼
Amounts payable after more than one year17€32k€16k▼
Financial debts170/4€32k€16k▼
Amounts payable within one year42/48€122k€101k▼
Current portion of amounts payable after more than one year42€15k€16k▲
Trade debts44€36k€37k▲
Suppliers440/4€36k€37k▲
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€3k€539▼
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48€63k€41k▼
Income statement
Code20242025
Remuneration, social security and pensions62€56k€69k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€36k▲
Other operating charges640/8€1k€4k▲
Gross operating margin9900€94k€97k▲
Operating profit (loss)9901€3k€-12k▼
Financial income75/76B€301€848▲
Recurring financial income75€301€848▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€2k€-14k▼
Income taxes67/77€3k€281▼
Profit (loss) for the period9904€-1k€-14k▼
Profit (loss) for the period to be appropriated9905€-1k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€78k€64k▼
Profit (loss) brought forward from the previous period14P€80k€78k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €563k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €68k | €80k | €87k | €56k | €69k | ▲ 23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €16k | €28k | €34k | €36k | ▲ 6.6% |
| Other operating charges640/8 | €1k | €4k | €3k | €1k | €4k | ▲ 218% |
| Gross operating margin9900 | €92k | €222k | €124k | €94k | €97k | ▲ 3.1% |
| Operating profit (loss)9901 | €1k | €122k | €6k | €3k | €-12k | ▼ 519% |
| Financial income75/76B | €2k | €2k | €1k | €301 | €848 | ▲ 182% |
| Recurring financial income75 | €2k | €2k | €1k | €301 | €848 | ▲ 182% |
| Financial charges65/66B | €480 | €711 | €1k | €2k | €2k | ▲ 43.9% |
| Recurring financial charges65 | €480 | €711 | €1k | €2k | €2k | ▲ 43.9% |
| Profit (loss) for the period before taxes9903 | €3k | €124k | €6k | €2k | €-14k | ▼ 948% |
| Income taxes67/77 | €2k | €33k | €4k | €3k | €281 | ▼ 90.7% |
| Profit (loss) for the period9904 | €122 | €90k | €2k | €-1k | €-14k | ▼ 932% |
| Profit (loss) for the period to be appropriated9905 | €122 | €90k | €2k | €-1k | €-14k | ▼ 932% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €228k | €340k | €384k | €298k | €247k | ▼ 17.1% |
| Fixed assets21/28 | €50k | €103k | €114k | €101k | €72k | ▼ 28.6% |
| Tangible fixed assets22/27 | €50k | €102k | €114k | €101k | €72k | ▼ 28.7% |
| Land and buildings22 | €880 | €770 | €660 | €550 | €2k | ▲ 263% |
| Plant, machinery and equipment23 | €4k | €12k | €10k | €17k | €15k | ▼ 10.5% |
| Furniture and vehicles24 | €46k | €89k | €103k | €84k | €55k | ▼ 34.2% |
| Financial fixed assets28 | €365 | €364 | €364 | €364 | €364 | = |
| Current assets29/58 | €177k | €238k | €270k | €197k | €175k | ▼ 11.2% |
| Stocks and contracts in progress3 | €54k | €83k | €108k | €57k | €51k | ▼ 11.4% |
| Stocks30/36 | €54k | €83k | €108k | €57k | €51k | ▼ 11.4% |
| Amounts receivable within one year40/41 | €27k | €34k | €38k | €29k | €27k | ▼ 5.6% |
| Trade receivables40 | €16k | €27k | €28k | €23k | €22k | ▼ 1.1% |
| Other amounts receivable41 | €11k | €7k | €10k | €6k | €5k | ▼ 22.1% |
| Cash at bank and in hand54/58 | €93k | €118k | €120k | €106k | €93k | ▼ 12.6% |
| Deferred charges and accrued income490/1 | €3k | €3k | €4k | €5k | €4k | ▼ 10.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €228k | €340k | €384k | €298k | €247k | ▼ 17.1% |
| Equity10/15 | €98k | €144k | €146k | €144k | €130k | ▼ 9.8% |
| Contributions10/11 | €31k | €31k | €31k | €31k | €31k | = |
| Reserves13 | €35k | €35k | €35k | €35k | €35k | = |
| Distributable reserves133 | €35k | €35k | €35k | €35k | €35k | = |
| Profit (loss) carried forward14 | €32k | €78k | €80k | €78k | €64k | ▼ 18.1% |
| Amounts payable17/49 | €130k | €197k | €238k | €154k | €117k | ▼ 23.9% |
| Amounts payable after more than one year17 | €10k | €27k | €47k | €32k | €16k | ▼ 48.9% |
| Financial debts170/4 | €10k | €27k | €47k | €32k | €16k | ▼ 48.9% |
| Amounts payable within one year42/48 | €118k | €169k | €191k | €122k | €101k | ▼ 17.3% |
| Current portion of amounts payable after more than one year42 | €14k | €14k | €16k | €15k | €16k | ▲ 2.5% |
| Trade debts44 | €43k | €36k | €57k | €36k | €37k | ▲ 3.5% |
| Suppliers440/4 | €43k | €36k | €57k | €36k | €37k | ▲ 3.5% |
| Taxes, remuneration and social security45 | €15k | €35k | €43k | €8k | €7k | ▼ 13.0% |
| Taxes450/3 | €8k | €35k | €37k | €3k | €539 | ▼ 82.1% |
| Remuneration and social security454/9 | €6k | €291 | €6k | €5k | €7k | ▲ 26.1% |
| Other amounts payable47/48 | €47k | €84k | €75k | €63k | €41k | ▼ 34.6% |
| Accrued charges and deferred income492/3 | €1k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122 | €90k | €2k | €-1k | €-14k | ▼ 932% |
| + Depreciation and write-downs630 | €20k | €16k | €28k | €34k | €36k | ▲ 6.6% |
| Operating cash flow (approximation) | €21k | €107k | €30k | €33k | €22k | ▼ 32.3% |
| Investment in fixed assets (approximation) | - | €-68k | €-39k | €-21k | €-7k | ▲ 65.4% |
| Change in cash | - | €24k | €2k | €-14k | €-13k | ▲ 2.3% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Highest result since 2018net €90k ▲74,025%
Operating result €122k, net result €90k, both a record.
31-12
Financial
Equity above €100kEq €144k ▲46.3%
3 profitable years in a row build equity to €144k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 113 days late
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 41 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
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, Paliseul · 1 establishment unit since 1992
Ground area
691 m²
Building footprint
218 m²
Volume, LiDAR
1,768 m³
Parcel 84050A0268/00E000, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Chaffour 4 A, 6850 Paliseul
since 19922.056.752.663
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84050A0268/00E000 | Wallonia | 691 m² | 1 · 218 m² | 10.1 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 495 companies in sector 43223 we hold annual accounts for 114. 97 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)
Founded02-01-1992
Fiscal year end31-12
Activities, NACEBEL 2025
43223Specialised construction activities
47529Retail trade
43350Other building finishing work
47712Retail trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Contact
Phone
0475-487347
Scores and ratios are computed by Checked and are not a credit decision.