PALIT
ActiveSummary
The computed 12-month bankruptcy probability of PALIT is 5.3% (elevated). The 2024 annual accounts show equity of €78,025 and a net result of €57. Equity is growing by ~49.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 6720 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-1
Solvency77▲+15
Growth52=
Track record100
Bankruptcy probability, 12 months
5.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.84 against 1.38 in 2023; short-term debt: 47.7% and cash: 5.9% of total assets), and 47.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52.3%
Return on assets
0%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
78 d late
2022
66 d late
2021
46 d late
2020
121 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 76 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€78,025▲ 0.1%
2023 · €77,968
Total assets
€149,284▼ 28.6%
2023 · €209,076
Net result
€57▼ 96.4%
2023 · €1,574
Working capital
€60,040▲ 20.8%
2023 · €49,708
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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€16,035-€8,450▼ 47.3%€4,094▼ 51.6%€23,008▲ 462%€2,078▼ 91.0%
Net result€15,619within the sector's middle half-€5,385within the sector's middle half▼ 65.5%€870within the sector's middle half▼ 83.8%€1,574within the sector's middle half▲ 80.8%€57within the sector's middle half▼ 96.4%
Equity€16,619within the sector's middle half-€22,004within the sector's middle half▲ 32.4%€22,874within the sector's middle half▲ 4.0%€77,968within the sector's middle half▲ 241%€78,025within the sector's middle half▲ 0.1%
Total assets€150,132within the sector's middle half-€151,649within the sector's middle half▲ 1.0%€146,397within the sector's middle half▼ 3.5%€209,076within the sector's middle half▲ 42.8%€149,284within the sector's middle half▼ 28.6%
Debt€133,513-€129,645▼ 2.9%€123,523▼ 4.7%€131,107▲ 6.1%€71,259▼ 45.6%
Working capital-€48,000below the sector's middle half--€24,707below the sector's middle half▲ 48.5%-€4,377within the sector's middle half▲ 82.3%€49,708within the sector's middle half€60,040above the sector's middle half▲ 20.8%
Solvency11.1%below the sector's middle half-14.5%below the sector's middle half▲ 3.4pp15.6%within the sector's middle half▲ 1.1pp37.3%within the sector's middle half▲ 21.7pp52.3%within the sector's middle half▲ 15.0pp
Current ratio0.64below the sector's middle half-0.81below the sector's middle half▲ 0.170.96within the sector's middle half▲ 0.161.38within the sector's middle half▲ 0.411.84within the sector's middle half▲ 0.46
Return on assets (ROA)10.4%within the sector's middle half-3.6%within the sector's middle half▼ 6.9pp0.6%within the sector's middle half▼ 3.0pp0.8%within the sector's middle half▲ 0.2pp0.0%within the sector's middle half▼ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
The operating result falls in 2024; 2024 is 91% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €149,284
Fixed assets
€17,985 ▼ 36.4%
Current assets
€131,299 ▼ 27.4%
Equity and liabilities €149,284
Equity
€78,025 ▲ 0.1%
Debt
€71,259 ▼ 45.6%
Debt's share of the balance-sheet total falls from 62.7% to 47.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,353▼
2023 · €33,799
Cash flow
€10,332▼
2023 · €12,365
Quick ratio
0.25▼
2023 · 0.46
Debt to equity
0.91▼
2023 · 1.68
ROE
0.1%▼
2023 · 2.0%
Interest coverage
7.23▼
2023 · 10.56
Debt ≤ 1 year
€71,259▼
2023 · €131,107
Income taxes
€314▼
2023 · €18,236
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 5,049 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €19,468 | €11,652 | €1,781 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,916 | €19,457 | €19,460 | €10,791 | €10,275 | ▼ 4.8% |
| Other operating charges640/8 | - | €5,923 | €8,308 | €300 | €614 | ▲ 105% |
| Gross operating margin9900 | €36,820 | €53,298 | €43,513 | €35,880 | €12,967 | ▼ 63.9% |
| Operating profit (loss)9901 | €16,035 | €8,450 | €4,094 | €23,008 | €2,078 | ▼ 91.0% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | - | €3,066 | €3,223 | €3,200 | €1,708 | ▼ 46.6% |
| Recurring financial charges65 | €416 | €3,066 | €3,223 | €3,200 | €1,708 | ▼ 46.6% |
| Profit (loss) for the period before taxes9903 | €15,619 | €5,385 | €870 | €19,810 | €370 | ▼ 98.1% |
| Income taxes67/77 | - | - | - | €18,236 | €314 | ▼ 98.3% |
| Profit (loss) for the period9904 | €15,619 | €5,385 | €870 | €1,574 | €57 | ▼ 96.4% |
| Profit (loss) for the period to be appropriated9905 | €15,619 | €5,385 | €870 | €1,574 | €57 | ▼ 96.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €150,132 | €151,649 | €146,397 | €209,076 | €149,284 | ▼ 28.6% |
| Fixed assets21/28 | €64,619 | €46,711 | €27,251 | €28,260 | €17,985 | ▼ 36.4% |
| Tangible fixed assets22/27 | €64,619 | €46,711 | €27,251 | €16,460 | €6,185 | ▼ 62.4% |
| Plant, machinery and equipment23 | - | €10,928 | €9,175 | €7,422 | €6,185 | ▼ 16.7% |
| Furniture and vehicles24 | - | €9,628 | €640 | €320 | - | - |
| Leasing and similar rights25 | - | €26,154 | €17,436 | €8,718 | - | - |
| Financial fixed assets28 | - | - | - | €11,800 | €11,800 | = |
| Current assets29/58 | €85,512 | €104,938 | €119,146 | €180,816 | €131,299 | ▼ 27.4% |
| Stocks and contracts in progress3 | €73,246 | €95,551 | €94,151 | €119,901 | €113,355 | ▼ 5.5% |
| Stocks30/36 | - | €95,551 | €94,151 | €119,901 | €113,355 | ▼ 5.5% |
| Amounts receivable within one year40/41 | €76 | €5,321 | €6,794 | €4,887 | €9,092 | ▲ 86.0% |
| Other amounts receivable41 | - | €5,321 | €6,794 | €4,887 | €9,092 | ▲ 86.0% |
| Cash at bank and in hand54/58 | €11,252 | €780 | €15,878 | €53,508 | €8,853 | ▼ 83.5% |
| Deferred charges and accrued income490/1 | - | €3,287 | €2,324 | €2,519 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €150,132 | €151,649 | €146,397 | €209,076 | €149,284 | ▼ 28.6% |
| Equity10/15 | €16,619 | €22,004 | €22,874 | €77,968 | €78,025 | ▲ 0.1% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Outside capital11 | - | €1,000 | €1,000 | - | - | - |
| Other1109/19 | - | €1,000 | €1,000 | - | - | - |
| Reserves13 | - | - | - | €53,520 | €53,520 | = |
| Tax-exempt reserves132 | - | - | - | €53,520 | €53,520 | = |
| Profit (loss) carried forward14 | €15,619 | €21,004 | €21,874 | €23,448 | €23,505 | ▲ 0.2% |
| Amounts payable17/49 | €133,513 | €129,645 | €123,523 | €131,107 | €71,259 | ▼ 45.6% |
| Amounts payable within one year42/48 | €133,513 | €129,645 | €123,523 | €131,107 | €71,259 | ▼ 45.6% |
| Trade debts44 | €76,731 | €72,804 | €93,783 | €130,210 | €69,978 | ▼ 46.3% |
| Suppliers440/4 | - | €72,804 | €93,783 | €130,210 | €69,978 | ▼ 46.3% |
| Taxes, remuneration and social security45 | - | €1,595 | €955 | €891 | €499 | ▼ 44.0% |
| Taxes450/3 | - | €1,089 | €955 | €676 | €284 | ▼ 58.0% |
| Remuneration and social security454/9 | - | €507 | - | €215 | €215 | = |
| Other amounts payable47/48 | - | €55,246 | €28,785 | €7 | €782 | ▲ 11,505% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,619 | €5,385 | €870 | €1,574 | €57 | ▼ 96.4% |
| + Depreciation and write-downs630 | €19,916 | €19,457 | €19,460 | €10,791 | €10,275 | ▼ 4.8% |
| Operating cash flow (approximation) | €35,536 | €24,842 | €20,330 | €12,365 | €10,332 | ▼ 16.4% |
| Investment in fixed assets (approximation) | - | -€1,548 | €0 | -€11,800 | €0 | ▲ 100% |
| Change in cash | - | -€10,472 | €15,098 | €37,631 | -€44,656 | ▼ 219% |
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
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
31-12
Financial
Weakest financial yearnet €57 ▼96.4%
Net result drops to €57, the lowest in the series.
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 78 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Schaarbeek
Ground area
567 m²
Building footprint
567 m²
Volume, LiDAR
4,912 m³
Parcel 21910E0036/00Z025, Brussels · tallest building 18.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0036/00Z025 | Brussels | 567 m² | 1 · 567 m² | 18.2 m · 2 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 12,584 companies in sector 49410 we hold annual accounts for 8,203. 6,270 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
Founded03-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
47110Non-specialised retail sale with food, beverages or tobacco predominating
Contact
E-mail
palit1030@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742818674
Registered
18-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.