Summary
PALIMO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.2m and a net result of €3,420. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 59% of 5565 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
29 d late
2023
48 d late
2022
60 d late
2021
114 d late
2020
31 d late
2019
88 d late
← 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 57 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.2m▲ 0.3%
2024 · €1.1m
Net result
€3,420▼ 82.5%
2024 · €19,516
Total assets
€1.9m▲ 3.9%
2024 · €1.8m
Solvency
61.2%▼ 2.2pp
2024 · 63.4%
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
Operating result€134,982▲ 358%€83,400▼ 38.2%€113,591▲ 36.2%€78,876▼ 30.6%€55,415▼ 29.7%
Net result€84,222€70,284▼ 16.5%€51,383▼ 26.9%€19,516▼ 62.0%€3,420▼ 82.5%
Equity€1.1m▲ 5.3%€1.1m▲ 6.6%€1.2m▲ 4.5%€1.1m▼ 3.5%€1.2m▲ 0.3%
Total assets€1.8m▲ 0.2%€1.8m▲ 3.3%€1.9m▲ 2.9%€1.8m▼ 4.0%€1.9m▲ 3.9%
Debt€708,439▼ 6.6%€697,066▼ 1.6%€48,505▼ 93.0%€19,300▼ 60.2%€91,597▲ 375%
Working capital€159,230▲ 92.4%€252,703▲ 58.7%€347,981▲ 37.7%€344,222▼ 1.1%€306,814▼ 10.9%
Solvency60.2%▲ 2.9pp62.0%▲ 1.9pp63.0%▲ 1.0pp63.4%▲ 0.3pp61.2%▼ 2.2pp
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 30% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.5m ▲ 2.5%
Current assets
€398,408 ▲ 9.6%
Equity and liabilities €1.9m
Equity
€1.2m ▲ 0.3%
Provisions
€640,266 ▼ 0.8%
Debt
€91,597 ▲ 375%
Debt's share of the balance-sheet total rises from 1.1% to 4.9%. Equity and debt are higher.
Key figures and ratios
ROE
0.3%▼
2024 · 1.7%
ROA
0.2%▼
2024 · 1.1%
Debt ≤ 1 year
€91,594▲
2024 · €19,300
Income taxes
€4,014▼
2024 · €10,890
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82,547 | €61,448 | €77,118 | €77,262 | €80,396 | ▲ 4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,210 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€4,736 | -€4,998 | ▼ 5.5% |
| Other operating charges640/8 | €5,641 | €9,125 | €5,187 | €6,696 | €8,115 | ▲ 21.2% |
| Non-recurring operating charges66A | - | - | - | €3,942 | - | - |
| Gross operating margin9900 | €223,170 | €155,183 | €195,895 | €162,040 | €138,927 | ▼ 14.3% |
| Operating profit (loss)9901 | €134,982 | €83,400 | €113,591 | €78,876 | €55,415 | ▼ 29.7% |
| Financial income75/76B | - | €1 | €751 | €48 | - | - |
| Recurring financial income75 | - | €1 | €751 | €48 | - | - |
| Financial charges65/66B | €29,260 | €27,015 | €48,592 | €48,518 | €47,981 | ▼ 1.1% |
| Recurring financial charges65 | €29,260 | €27,015 | €48,592 | €48,518 | €47,981 | ▼ 1.1% |
| Profit (loss) for the period before taxes9903 | €105,722 | €56,386 | €65,749 | €30,407 | €7,434 | ▼ 75.6% |
| Income taxes67/77 | €21,500 | -€13,899 | €14,367 | €10,890 | €4,014 | ▼ 63.1% |
| Profit (loss) for the period9904 | €84,222 | €70,284 | €51,383 | €19,516 | €3,420 | ▼ 82.5% |
| Profit (loss) for the period to be appropriated9905 | €84,222 | €70,284 | €51,383 | €19,516 | €3,420 | ▼ 82.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.8m | €1.9m | €1.8m | €1.9m | ▲ 3.9% |
| Fixed assets21/28 | €1.6m | €1.6m | €1.5m | €1.4m | €1.5m | ▲ 2.5% |
| Tangible fixed assets22/27 | €1.6m | €1.6m | €1.5m | €1.4m | €1.5m | ▲ 2.5% |
| Land and buildings22 | €1.6m | €1.5m | €1.5m | €1.4m | €1.5m | ▲ 2.4% |
| Plant, machinery and equipment23 | €1,544 | €5,178 | €3,482 | €2,324 | €5,749 | ▲ 147% |
| Furniture and vehicles24 | €0 | €5,569 | €3,769 | €1,969 | €691 | ▼ 64.9% |
| Other tangible fixed assets26 | - | €8,233 | €7,373 | €6,513 | €5,653 | ▼ 13.2% |
| Current assets29/58 | €167,669 | €273,769 | €396,486 | €363,523 | €398,408 | ▲ 9.6% |
| Amounts receivable within one year40/41 | €24,052 | €17,261 | €104,317 | €56,171 | €45,781 | ▼ 18.5% |
| Trade receivables40 | €23,645 | €13,685 | €65,073 | €35,488 | €23,185 | ▼ 34.7% |
| Other amounts receivable41 | €407 | €3,577 | €39,244 | €20,683 | €22,596 | ▲ 9.2% |
| Cash at bank and in hand54/58 | €142,647 | €237,074 | €274,242 | €297,375 | €349,790 | ▲ 17.6% |
| Deferred charges and accrued income490/1 | €970 | €19,434 | €17,927 | €9,977 | €2,837 | ▼ 71.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €1.9m | €1.8m | €1.9m | ▲ 3.9% |
| Equity10/15 | €1.1m | €1.1m | €1.2m | €1.1m | €1.2m | ▲ 0.3% |
| Contributions10/11 | €489,590 | €489,590 | €489,590 | €489,590 | €489,590 | = |
| Capital10 | €489,590 | €489,590 | €489,590 | €489,590 | €489,590 | = |
| Issued capital100 | €489,590 | €489,590 | €489,590 | €489,590 | €489,590 | = |
| Reserves13 | €164,956 | €164,956 | €164,956 | €122,181 | €125,601 | ▲ 2.8% |
| Non-distributable reserves130/1 | €48,959 | €48,959 | €48,959 | €48,959 | €48,959 | = |
| Legal reserve130 | €48,959 | €48,959 | €48,959 | €48,959 | €48,959 | = |
| Distributable reserves133 | €115,997 | €115,997 | €115,997 | €73,222 | €76,642 | ▲ 4.7% |
| Profit (loss) carried forward14 | €414,843 | €485,127 | €536,510 | €537,026 | €537,026 | = |
| Provisions and deferred taxes16 | - | - | €650,000 | €645,264 | €640,266 | ▼ 0.8% |
| Provisions for liabilities and charges160/5 | - | - | €650,000 | €645,264 | €640,266 | ▼ 0.8% |
| Environmental obligations163 | - | - | €650,000 | €645,264 | €640,266 | ▼ 0.8% |
| Amounts payable17/49 | €708,439 | €697,066 | €48,505 | €19,300 | €91,597 | ▲ 375% |
| Amounts payable after more than one year17 | €700,000 | €650,000 | - | - | - | - |
| Financial debts170/4 | €700,000 | €650,000 | - | - | - | - |
| Amounts payable within one year42/48 | €8,439 | €21,066 | €48,505 | €19,300 | €91,594 | ▲ 375% |
| Trade debts44 | €92 | €10,135 | €43,968 | €9,846 | €45,068 | ▲ 358% |
| Suppliers440/4 | €92 | €10,135 | €43,968 | €9,846 | €45,068 | ▲ 358% |
| Taxes, remuneration and social security45 | €8,248 | €2,846 | €4,537 | €3,089 | €2,355 | ▼ 23.8% |
| Taxes450/3 | €8,248 | €2,846 | €4,537 | €3,089 | €2,355 | ▼ 23.8% |
| Other amounts payable47/48 | €99 | €8,085 | - | €6,366 | €44,172 | ▲ 594% |
| Accrued charges and deferred income492/3 | - | €26,000 | - | - | €2 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84,222 | €70,284 | €51,383 | €19,516 | €3,420 | ▼ 82.5% |
| + Depreciation and write-downs630 | €82,547 | €61,448 | €77,118 | €77,262 | €80,396 | ▲ 4.1% |
| Operating cash flow (approximation) | €166,769 | €131,733 | €128,501 | €96,779 | €83,816 | ▼ 13.4% |
| Investment in fixed assets (approximation) | - | -€14,259 | -€7,223 | -€34,026 | -€116,228 | ▼ 242% |
| Change in cash | - | €94,427 | €37,168 | €23,133 | €52,415 | ▲ 127% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 18.84
Current ratio from 8.17 to 18.84; short-term debt falls from €48,505 to €19,300.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 114 days late
2021
31-12
Financial
Back to profitnet €84,222
Net result €84,222 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 19.87
Current ratio from 3.89 to 19.87; short-term debt falls from €28,675 to €8,439.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€35,157
Net result drops to -€35,157, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 6.10
Current ratio from 2.89 to 6.10; short-term debt falls from €72,353 to €39,517.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
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, Ukkel · 1 establishment unit since 1989
Ground area
625 m²
Building footprint
482 m²
Volume, LiDAR
5,050 m³
2 parcels, Brussels · tallest building 19.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PALLADIO
since 19892.046.142.744
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0219/00N000 | Brussels | 484 m² | 1 · 330 m² | 19.7 m · 4 fl. |
| 21614H0055/00L020 | Brussels | 140 m² | 1 · 152 m² | 15.0 m · 4 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.
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Of 806 companies in sector 64999 we hold annual accounts for 484. 254 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-05-1989
Fiscal year end31-12
Activities, NACEBEL 2025
64999Other financial services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437546214
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.