Pallen Properties
ActivePallen Properties has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.17M and a net result of €156k. Equity is growing by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 44% of 9150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-2
Solvency51=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.27 in 2024; short-term debt: 70.4% and cash: 0.3% of total assets), and 74.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
25.7%
Return on assets
1.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-12-2025, 134 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
134 d early
2024
69 d early
2023
139 d early
2022
83 d early
2021
128 d early
2020
135 d early
2019
153 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.17M▲ 7.8%
2024 · €2.01M
2018: €-28k
2019: €-79k
2020: €1.13M
2021: €1.21M
2022: €1.29M
2023: €1.75M
2024: €2.01M
2018 → 2025
Total assets
€8.44M▲ 8.2%
2024 · €7.80M
2018: €505k
2019: €1.55M
2020: €2.76M
2021: €2.76M
2022: €2.69M
2023: €2.22M
2024: €7.80M
2018 → 2025
Net result
€156k▼ 40.1%
2024 · €261k
2018: €-34k
2019: €-51k
2020: €1.21M
2021: €79k
2022: €78k
2023: €465k
2024: €261k
2018 → 2025
Working capital
€1.59M▲ 8.5%
2024 · €1.46M
2018: €-24k
2019: €384k
2020: €1.55M
2021: €1.56M
2022: €1.03M
2023: €1.06M
2024: €1.46M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.21M-€1.29M▲ 6.4%€1.75M▲ 36.1%€2.01M▲ 14.9%€2.17M▲ 7.8%
Operating result€126k-€124k▼ 1.9%€631k▲ 410%€374k▼ 40.7%€217k▼ 42.0%
Net result€79k-€78k▼ 1.5%€465k▲ 496%€261k▼ 43.8%€156k▼ 40.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.44M
Fixed assets
€915k▼ 3.3%
Current assets
€7.52M▲ 9.7%
Equity and liabilities €8.44M
Equity
€2.17M▲ 7.8%
Debt
€6.27M▲ 8.3%
The debt ratio rises from 74.2% to 74.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€248k▼
2024 · €405k
Cash flow
€188k▼
2024 · €292k
Solvency
25.7%▼
2024 · 25.8%
Current ratio
1.27▼
2024 · 1.27
Quick ratio
0.07▲
2024 · 0.05
Debt / equity
2.89▲
2024 · 2.87
ROE
7.2%▼
2024 · 13.0%
ROA
1.9%▼
2024 · 3.3%
Interest coverage
15.73▲
2024 · 15.16
Debt
€6.27M▲
2024 · €5.79M
Debt ≤ 1 year
€5.94M▲
2024 · €5.39M
Debt > 1 year
€329k▼
2024 · €392k
Income taxes
€54k▼
2024 · €96k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7.80M€8.44M▲
Fixed assets21/28€946k€915k▼
Tangible fixed assets22/27€946k€915k▼
Land and buildings22€943k€912k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€6.85M€7.52M▲
Amounts receivable after more than one year29€176k€345k▲
Other amounts receivable291€176k€345k▲
Stocks and contracts in progress3€6.59M€7.09M▲
Stocks30/36€6.59M€7.09M▲
Amounts receivable within one year40/41€60k€56k▼
Trade receivables40€60k€53k▼
Other amounts receivable41-€3k
Cash at bank and in hand54/58€27k€27k▲
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€7.80M€8.44M▲
Equity10/15€2.01M€2.17M▲
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€1.94M€2.10M▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€1.93M€2.09M▲
Amounts payable17/49€5.79M€6.27M▲
Amounts payable after more than one year17€392k€329k▼
Financial debts170/4€178k€66k▼
Other amounts payable178/9€214k€264k▲
Amounts payable within one year42/48€5.39M€5.94M▲
Current portion of amounts payable after more than one year42€5.27M€113k▼
Financial debts43€5k€5.16M▲
Credit institutions430/8€5k€5.16M▲
Trade debts44€23k€427▼
Suppliers440/4€23k€427▼
Advances received on contracts in progress46-€661k
Taxes, remuneration and social security45€91k€973▼
Taxes450/3€91k€973▼
Accrued charges and deferred income492/3€2k€815▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€47k
Other operating charges640/8€15k€5k▼
Gross operating margin9900€420k€301k▼
Operating profit (loss)9901€374k€217k▼
Financial income75/76B€9k€9k▲
Recurring financial income75€9k€9k▲
Financial charges65/66B€27k€16k▼
Recurring financial charges65€27k€16k▼
Profit (loss) for the period before taxes9903€357k€210k▼
Income taxes67/77€96k€54k▼
Profit (loss) for the period9904€261k€156k▼
Profit (loss) for the period to be appropriated9905€261k€156k▼
Appropriation of the result
Profit (loss) to be appropriated9906€261k€156k▼
Transfer to equity691/2€261k€156k▼
To other reserves6921€261k€156k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €2MEq €2.01M ▲14.9%
5 profitable years in a row build equity to €2.01M.
2023
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-09
Financial
Liquidity triplescurrent ratio 7.03
Current ratio from 2.56 to 7.03; short-term debt falls from €659k to €176k.
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-09
Financial
Back to profitnet €1.21M
Net result €1.21M after 2 loss-making years.
30-09
Financial
Liquidity triplescurrent ratio 10.36
Current ratio from 3.85 to 10.36.
30-09
Financial
Equity above €1MEq €1.13M
Equity rises from €-79k to €1.13M.
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
30-09
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 7current ratio 3.85
Current ratio from 0.57 to 3.85.
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Knokke-Heist · 1 establishment unit since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Duinenwater 28300 Knokke-HeistGround area
1.2 ha
Building footprint
2,286 m²
Volume, LiDAR
4,200 m³
Parcel 31013D0624/00C000, Flanders · tallest building 8.1 m. Linked by address, not a title deed.
1 establishment unit
Duinenwater 2, 8300 Knokke-Heist
since 19992.053.147.530
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013D0624/00C000 | Flanders | 1.2 ha | 1 · 2,286 m² | 8.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 9,695 companies in sector 68121 we hold annual accounts for 7,381. 2,887 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-01-1991
Fiscal year end30-09
Activities, NACEBEL
68121Development of residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.