PALIMMO
ActiveSummary
PALIMMO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €665k and a net result of €57k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 64% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▲+24
Solvency81▼-8
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.98 against 0.15 in 2024; short-term debt: 38% and cash: 32.6% of total assets), and 44.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.7%
Return on assets
4.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
177 d early
2023
27 d early
2022
56 d early
2021
27 d early
2020
23 d early
2019
35 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 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, abbreviated schema
Turnover
€17k▲ 14.5%
2019 · €15k
EBIT margin
43.0%▲ 24.6pp
2019 · 18.4%
Net result
€57k▲ 3,038%
2024 · €2k
Working capital
€-10k▲ 95.3%
2024 · €-225k
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€36k▲ 396%€16k▼ 55.4%€29k▲ 79.0%€25k▼ 13.7%€82k▲ 230%
Net result€21k▲ 286%€5k▼ 74.7%€10k▲ 96.6%€2k▼ 82.7%€57k▲ 3,038%
EBIT margin
Equity€590k▲ 4,344%€596k▲ 0.9%€606k▲ 1.8%€608k▲ 0.3%€665k▲ 9.3%
Total assets€1.03M▲ 211%€1.00M▼ 2.9%€977k▼ 2.8%€955k▼ 2.3%€1.19M▲ 24.9%
Debt€444k▲ 39.1%€409k▼ 8.0%€371k▼ 9.3%€347k▼ 6.5%€528k▲ 52.2%
Working capital€-235k▼ 18.9%€-240k▼ 1.9%€-234k▲ 2.4%€-225k▲ 3.8%€-10k▲ 95.3%
Staff (FTE)0.81▲ 25.0%1=1=
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 230% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€750k ▼ 18.1%
Current assets
€442k ▲ 1,056%
Equity and liabilities €1.19M
Equity
€665k ▲ 9.3%
Debt
€528k ▲ 52.2%
Debt's share of the balance-sheet total rises from 36.3% to 44.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101k▲
2024 · €41k
Cash flow
€76k▲
2024 · €18k
Current ratio
0.98▲
2024 · 0.15
Debt to equity
0.79▲
2024 · 0.57
ROE
8.5%▲
2024 · 0.3%
ROA
4.8%▲
2024 · 0.2%
Interest coverage
4.32▲
2024 · 2.16
Debt ≤ 1 year
€453k▲
2024 · €263k
Debt > 1 year
€75k▼
2024 · €84k
Income taxes
€2k▼
2024 · €4k
Staff costs
€39k▼
2024 · €69k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €75k | €119k | €69k | €96k | €71k | ▼ 25.7% |
| Remuneration, social security and pensions62 | €56k | €71k | €74k | €69k | €39k | ▼ 43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €20k | €17k | €16k | €19k | ▲ 16.6% |
| Other operating charges640/8 | €9k | €10k | €10k | €11k | €5k | ▼ 54.6% |
| Gross operating margin9900 | €130k | €117k | €130k | €121k | €146k | ▲ 19.8% |
| Operating profit (loss)9901 | €36k | €16k | €29k | €25k | €82k | ▲ 230% |
| Financial income75/76B | €47 | €8 | - | €158 | €1 | ▼ 99.2% |
| Recurring financial income75 | €47 | €8 | - | €158 | €1 | ▼ 99.2% |
| Financial charges65/66B | €4k | €4k | €15k | €19k | €23k | ▲ 22.6% |
| Recurring financial charges65 | €4k | €4k | €15k | €19k | €23k | ▲ 22.6% |
| Profit (loss) for the period before taxes9903 | €32k | €12k | €14k | €6k | €59k | ▲ 898% |
| Income taxes67/77 | €11k | €7k | €4k | €4k | €2k | ▼ 51.6% |
| Profit (loss) for the period9904 | €21k | €5k | €10k | €2k | €57k | ▲ 3,038% |
| Profit (loss) for the period to be appropriated9905 | €21k | €5k | €10k | €2k | €57k | ▲ 3,038% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.03M | €1.00M | €977k | €955k | €1.19M | ▲ 24.9% |
| Formation expenses20 | €3k | - | - | - | - | - |
| Fixed assets21/28 | €966k | €949k | €933k | €916k | €750k | ▼ 18.1% |
| Tangible fixed assets22/27 | €796k | €779k | €763k | €746k | €750k | ▲ 0.5% |
| Land and buildings22 | €779k | €764k | €749k | €734k | €727k | ▼ 1.0% |
| Plant, machinery and equipment23 | €18k | €16k | €14k | €12k | €12k | ▼ 1.9% |
| Furniture and vehicles24 | - | - | - | - | €12k | - |
| Financial fixed assets28 | €170k | €170k | €170k | €170k | - | - |
| Current assets29/58 | €65k | €55k | €44k | €38k | €442k | ▲ 1,056% |
| Stocks and contracts in progress3 | - | €28k | - | - | - | - |
| Stocks30/36 | - | €28k | - | - | - | - |
| Amounts receivable within one year40/41 | €63k | €26k | €33k | €32k | €54k | ▲ 64.9% |
| Trade receivables40 | €63k | €26k | €33k | €32k | €54k | ▲ 64.9% |
| Cash at bank and in hand54/58 | €2k | €1k | €9k | €6k | €389k | ▲ 6,647% |
| Deferred charges and accrued income490/1 | €323 | €353 | €1k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.03M | €1.00M | €977k | €955k | €1.19M | ▲ 24.9% |
| Equity10/15 | €590k | €596k | €606k | €608k | €665k | ▲ 9.3% |
| Contributions10/11 | €37k | €37k | €37k | €37k | €37k | = |
| Capital10 | €37k | €37k | €37k | €37k | €37k | = |
| Issued capital100 | €37k | €37k | €37k | €37k | €37k | = |
| Revaluation surpluses12 | €466k | €466k | €466k | €466k | €466k | = |
| Reserves13 | €87k | €92k | €103k | €105k | €161k | ▲ 54.3% |
| Distributable reserves133 | €87k | €92k | €103k | €105k | €161k | ▲ 54.3% |
| Amounts payable17/49 | €444k | €409k | €371k | €347k | €528k | ▲ 52.2% |
| Amounts payable after more than one year17 | €144k | €114k | €93k | €84k | €75k | ▼ 10.1% |
| Financial debts170/4 | €144k | €114k | €93k | €84k | €75k | ▼ 10.1% |
| Amounts payable within one year42/48 | €301k | €295k | €278k | €263k | €453k | ▲ 72.1% |
| Current portion of amounts payable after more than one year42 | €47k | €42k | €21k | €9k | €8k | ▼ 9.3% |
| Financial debts43 | €3k | €1k | €1k | - | - | - |
| Credit institutions430/8 | €3k | €1k | €1k | - | - | - |
| Trade debts44 | €26k | €28k | €15k | €10k | €15k | ▲ 53.3% |
| Suppliers440/4 | €26k | €28k | €15k | €10k | €15k | ▲ 53.3% |
| Taxes, remuneration and social security45 | €11k | €9k | €18k | €15k | €21k | ▲ 42.1% |
| Taxes450/3 | €5k | €4k | €10k | €11k | €15k | ▲ 37.7% |
| Remuneration and social security454/9 | €6k | €5k | €8k | €4k | €6k | ▲ 54.3% |
| Other amounts payable47/48 | €213k | €213k | €222k | €229k | €407k | ▲ 78.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €5k | €10k | €2k | €57k | ▲ 3,038% |
| + Depreciation and write-downs630 | €29k | €20k | €17k | €16k | €19k | ▲ 16.6% |
| Operating cash flow (approximation) | €50k | €25k | €27k | €18k | €76k | ▲ 316% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €0 | €147k | - |
| Change in cash | - | €-1k | €8k | €-4k | €383k | ▲ 10,629% |
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
31-07
State Gazette act
Appointment: VERCHEVAL Simon (director)Resignation: VERCHEVAL Alain (director) · Registered-office move · Mandate compensation6 facts ▸
State Gazette act
Appointment: VERCHEVAL Simon (director)
Resignation: VERCHEVAL Alain (director) · Registered-office move · Mandate compensation6 facts ▸
- General meeting, 30/06/2026
- Registered-office move, rue des Ecoles 75 à 4600 Visé
- Director appointment, VERCHEVAL Simon (director)
- Mandate compensation, VERCHEVAL Simon
- Director resignation, VERCHEVAL Alain (director)
- Director resignation, VERCHEVAL Alain (permanent representative)
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €57k ▲3,038%
Operating result €82k, net result €57k, both a record.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500kEq €590k ▲4,344%
3 profitable years in a row build equity to €590k.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not 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
1 director, last change in 2026
VERCHEVAL Simon
CurrentDirector · since 30-06-2026
30-06-2026
VERCHEVAL Simon: Appointed as Director
30-06-2026
VERCHEVAL Alain: Resigned as Director
30-06-2026
VERCHEVAL Alain: Resigned as Permanent representative
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Visé · 1 establishment unit since 2002
Ground area
3,440 m²
Building footprint
558 m²
Volume, LiDAR
2,930 m³
2 parcels, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMO SICA
since 20022.136.026.706
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62108B0069/00V000 | Wallonia | 2,551 m² | 1 · 451 m² | 7.0 m · 2 fl. |
| 62108A0091/00L000 | Wallonia | 889 m² | 1 · 107 m² | - |
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.
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Similar companies · same sector, comparable size
VAN HEMELEN
BE 0445.901.080
Merksplas · Eq €664k
ARIMONT
BE 0479.189.601
Vielsalm · Eq €666k
DOBBELAERE INSTALLATIETECHNIEKEN
BE 0452.873.895
Sint-Laureins · Eq €668k
WACHTELAER
BE 0464.608.125
Ninove · Eq €661k
VERVER
BE 0449.143.355
Anzegem · Eq €669k
Of 7,044 companies in sector 43221 we hold annual accounts for 3,472. 2,064 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
Founded06-11-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
Contact
Phone
0495/29 22 40Visé
Scores and ratios are computed by Checked and are not a credit decision.