PALIN
PALIN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €324k and a net result of €13k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 30893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €324k |
| Net result | €13k |
| Better than sector | 48% |
| Active | 18 yrs |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.8% | 55.9% | |
| Net result | €13k | €27k | |
| Equity | €324k | €83k | |
| Gross operating margin | €94k | €54k | |
| Total assets | €601k | €186k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €92k | €122k | €117k | €96k | €75k |
| Net profit | €13k | €38k | €38k | €24k | €13k |
| Cash flow | €64k | €88k | €86k | €72k | €58k |
| Staff costs | - | - | - | - | - |
| Income taxes | €9k | €19k | €19k | €13k | €6k |
| Dividends | €2k | €2k | €2k | €2k | €2k |
| Total assets | €601k | €621k | €597k | €591k | €571k |
| Equity | €324k | €312k | €276k | €240k | €217k |
| Debt | €267k | €299k | €310k | €342k | €344k |
| of which ≤ 1y | €267k | €299k | €304k | €312k | €291k |
| of which > 1y | - | - | €6k | €30k | €53k |
| Working capital | €-104k | €-142k | €-212k | €-232k | €-239k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.61 | 0.52 | 0.30 | 0.26 | 0.18 |
| Quick ratio | 0.61 | 0.52 | 0.30 | 0.26 | 0.17 |
| Working capital ratio | -17.2% | -22.9% | -35.6% | -39.2% | -41.9% |
| Solvency | 53.8% | 50.3% | 46.3% | 40.5% | 38.1% |
| Debt / equity | 0.83 | 0.96 | 1.12 | 1.43 | 1.58 |
| Long-term debt ratio | - | - | 0.02 | 0.12 | 0.24 |
| Interest coverage | 4.75 | 7.98 | 10.20 | 8.39 | 6.54 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 2.1% | 6.1% | 6.4% | 4.0% | 2.2% |
| ROE | 4.0% | 12.1% | 13.9% | 10.0% | 5.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (27 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €601k | €621k | €597k | €591k | €571k |
| Fixed assets | 21/28 | €437k | €465k | €504k | €511k | €519k |
| Tangible fixed assets | 22/27 | €437k | €465k | €504k | €511k | €519k |
| Financial fixed assets | 28 | - | - | - | €31 | €31 |
| Current assets | 29/58 | €164k | €156k | €92k | €80k | €52k |
| Stocks & contracts in progress | 3 | - | - | - | €47 | €2k |
| Amounts receivable within one year | 40/41 | €18k | €13k | €19k | €24k | €11k |
| Investments | 50/53 | €0 | €120k | - | - | - |
| Cash & bank | 54/58 | €144k | €21k | €71k | €55k | €37k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €601k | €621k | €597k | €591k | €571k |
| Equity | 10/15 | €324k | €312k | €276k | €240k | €217k |
| Contributions / capital | 10/11 | €66k | €66k | €66k | €66k | €66k |
| Reserves | 13 | €258k | €246k | €201k | €163k | €141k |
| Accumulated profits (losses) | 14 | €0 | - | €9k | €11k | €11k |
| Provisions & deferred taxes | 16 | €10k | €10k | €10k | €10k | €10k |
| Amounts payable | 17/49 | €267k | €299k | €310k | €342k | €344k |
| Amounts payable after one year | 17 | - | - | €6k | €30k | €53k |
| Amounts payable within one year | 42/48 | €267k | €299k | €304k | €312k | €291k |
| Trade debts payable within one year | 44 | €2k | €3k | €1k | €11k | €4k |
| Income statement | ||||||
| Gross operating margin | 9900 | €94k | €124k | €119k | €98k | €77k |
| Operating result | 9901 | €41k | €72k | €69k | €48k | €30k |
| Financial income | 75 | €930 | €52 | €0 | €0 | €136 |
| Financial charges | 65 | €19k | €15k | €11k | €11k | €12k |
| Result before taxes | 9903 | €22k | €57k | €58k | €37k | €18k |
| Income taxes | 67/77 | €9k | €19k | €19k | €13k | €6k |
| Net result for the period | 9904 | €13k | €38k | €38k | €24k | €13k |
| Result to be appropriated | 9905 | €16k | €38k | €38k | €24k | €13k |
-
Angela BalcaenDirectorState Gazette act 23319372 (03-03-2023)Current03-03-2023 → present
-
Peter CastroDirectorState Gazette act 23319372 (03-03-2023)Current03-03-2023 → present
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 07-03-2008 |
| Status | Active |
| Postal code | 8790 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0034/00E000 | Flanders | 1,501 m² | 1 · 228 m² | 13.5 m · 1 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
03-03-2023 2 directors appointed
- Peter Castro, Bestuurder
- Angela Balcaen, Bestuurder
Technical details
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"notary": {
"name": "B\u00C9N\u00C9DICTE STROBBE",
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"een uitgifte van de akte",
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}| Legal nameNL | PALIN |