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Pallite

Active
Private limited companyfounded 20232 yrs activeAtealaan(HRT) 34, 2200 Herentals, BelgiumKBO/BCE: BE 1002.348.312
Summary

The computed 12-month bankruptcy probability of Pallite is 2.2% (moderate). The 2025 annual accounts show negative equity (-€522,425) and a net result of €60,532. Its solvency ranks better than 5% of 48 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability77▲+77
Solvency0=
Growth78
Track record82
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 1.16 in 2024; short-term debt: 108.4% and cash: 16.2% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Manufacture of paper and paper products (NACE 17)
about 49% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
-54.1%
Return on assets
6.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 48 sector peers (2025).
NBB · sector comparison
Position among 48 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 2 filings
Deviation from the deadline
2025
27 d late
2024
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 34% 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 16 November 2023, Pallite was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€522,425▲ 10.4%
2024 · -€582,957
Total assets
€966,099▲ 54.4%
2024 · €625,835
Net result
€60,532
2024 · -€607,957
Working capital
-€336,114
2024 · €48,612
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 17, Manufacture of paper and paper products, 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
Line20242025
Operating result-€582,137-€62,534
Net result-€607,957below the sector's middle half-€60,532within the sector's middle half
Equity-€582,957below the sector's middle half--€522,425below the sector's middle half▲ 10.4%
Total assets€625,835below the sector's middle half-€966,099within the sector's middle half▲ 54.4%
Debt€1.2m-€1.5m▲ 23.1%
Working capital€48,612--€336,114
Solvency-93.1%below the sector's middle half--54.1%below the sector's middle half▲ 39.1pp
Staff (FTE)0below the sector's middle half-1below the sector's middle half
above within below the middle half (P25 to P75) of NACE 17, Manufacture of paper and paper products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€800,000-€600,000-€400,000-€200,000€0Operating result 2024: -€582,137-€582,137Net result 2024: -€607,957-€607,957Operating result 2025: €62,534€62,534Net result 2025: €60,532€60,53220242025-€800,000-€600,000-€400,000-€200,000€0Operating result 2024: -€582,137-€582,000Net result 2024: -€607,957-€608,000Operating result 2025: €62,534€62,500Net result 2025: €60,532€60,50020242025
The operating result returns to profit in 2025: €62,534 after a loss of €582,137 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €966,099
Fixed assets €254,775 ▼ 7.5%
Current assets €711,323 ▲ 103%
Key figures and ratios
2025 value · change against 2024
EBITDA
€92,151▲
2024 · -€563,006
Cash flow
€90,149▲
2024 · -€588,827
Current ratio
0.68▼
2024 · 1.16
Quick ratio
0.53▼
2024 · 0.99
Debt to equity
-2.85▼
2024 · -2.07
ROA
6.3%▲
2024 · -97.1%
Interest coverage
44.76▲
2024 · -21.80
Debt ≤ 1 year
€1.0m▲
2024 · €301,910
Debt > 1 year
€400,000▼
2024 · €861,969
Staff costs
€78,625
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,022 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
5.8% went bankrupt
4.1% stopped otherwise
89% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 1,022 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€625,835€966,099▲
Fixed assets21/28€275,312€254,775▼
Tangible fixed assets22/27€275,312€254,775▼
Plant, machinery and equipment23€242,702€216,698▼
Other tangible fixed assets26€32,611€38,078▲
Current assets29/58€350,522€711,323▲
Stocks and contracts in progress3€50,592€152,690▲
Stocks30/36€50,592€152,690▲
Amounts receivable within one year40/41€53,000€367,025▲
Trade receivables40€39,198€351,002▲
Other amounts receivable41€13,803€16,023▲
Cash at bank and in hand54/58€193,480€156,036▼
Deferred charges and accrued income490/1€53,450€35,573▼
Equity and liabilities
Total equity and liabilities10/49€625,835€966,099▲
Equity10/15-€582,957-€522,425▲
Contributions10/11€25,000€25,000=
Profit (loss) carried forward14-€607,957-€547,425▲
Amounts payable17/49€1.2m€1.5m▲
Amounts payable after more than one year17€861,969€400,000▼
Financial debts170/4€861,969€400,000▼
Amounts payable within one year42/48€301,910€1.0m▲
Trade debts44€301,910€1.0m▲
Suppliers440/4€301,910€1.0m▲
Taxes, remuneration and social security45-€21,888
Taxes450/3-€3,274
Remuneration and social security454/9-€18,614
Accrued charges and deferred income492/3€44,912€41,086▼
Income statement Code20242025
Remuneration, social security and pensions62-€78,625
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,131€29,617▲
Other operating charges640/8€118€120▲
Gross operating margin9900-€562,888€170,896▲
Operating profit (loss)9901-€582,137€62,534▲
Financial income75/76B-€57
Recurring financial income75-€57
Financial charges65/66B€25,821€2,059▼
Recurring financial charges65€25,821€2,059▼
Profit (loss) for the period before taxes9903-€607,957€60,532▲
Profit (loss) for the period9904-€607,957€60,532▲
Profit (loss) for the period to be appropriated9905-€607,957€60,532▲
Appropriation of the result
Profit (loss) to be appropriated9906-€607,957-€547,425▲
Profit (loss) brought forward from the previous period14P--€607,957
Social balance
Average headcount (FTE)90870.01.0▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62-€78,625-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,131€29,617▲ 54.8%
Other operating charges640/8€118€120▲ 1.7%
Gross operating margin9900-€562,888€170,896▲ 130%
Operating profit (loss)9901-€582,137€62,534▲ 111%
Financial income75/76B-€57-
Recurring financial income75-€57-
Financial charges65/66B€25,821€2,059▼ 92.0%
Recurring financial charges65€25,821€2,059▼ 92.0%
Profit (loss) for the period before taxes9903-€607,957€60,532▲ 110%
Profit (loss) for the period9904-€607,957€60,532▲ 110%
Profit (loss) for the period to be appropriated9905-€607,957€60,532▲ 110%
Line20242025Change
Assets
Total assets20/58€625,835€966,099▲ 54.4%
Fixed assets21/28€275,312€254,775▼ 7.5%
Tangible fixed assets22/27€275,312€254,775▼ 7.5%
Plant, machinery and equipment23€242,702€216,698▼ 10.7%
Other tangible fixed assets26€32,611€38,078▲ 16.8%
Current assets29/58€350,522€711,323▲ 103%
Stocks and contracts in progress3€50,592€152,690▲ 202%
Stocks30/36€50,592€152,690▲ 202%
Amounts receivable within one year40/41€53,000€367,025▲ 592%
Trade receivables40€39,198€351,002▲ 795%
Other amounts receivable41€13,803€16,023▲ 16.1%
Cash at bank and in hand54/58€193,480€156,036▼ 19.4%
Deferred charges and accrued income490/1€53,450€35,573▼ 33.4%
Equity and liabilities
Total equity and liabilities10/49€625,835€966,099▲ 54.4%
Equity10/15-€582,957-€522,425▲ 10.4%
Contributions10/11€25,000€25,000=
Profit (loss) carried forward14-€607,957-€547,425▲ 10.0%
Amounts payable17/49€1.2m€1.5m▲ 23.1%
Amounts payable after more than one year17€861,969€400,000▼ 53.6%
Financial debts170/4€861,969€400,000▼ 53.6%
Amounts payable within one year42/48€301,910€1.0m▲ 247%
Trade debts44€301,910€1.0m▲ 240%
Suppliers440/4€301,910€1.0m▲ 240%
Taxes, remuneration and social security45-€21,888-
Taxes450/3-€3,274-
Remuneration and social security454/9-€18,614-
Accrued charges and deferred income492/3€44,912€41,086▼ 8.5%
Line20242025Change
Profit (loss) for the period9904-€607,957€60,532▲ 110%
+ Depreciation and write-downs630€19,131€29,617▲ 54.8%
Operating cash flow (approximation)-€588,827€90,149▲ 115%
Investment in fixed assets (approximation)--€9,080-
Change in cash--€37,445-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial Back to profitnet €60,532
Net result €60,532 after one loss-making year.
29-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Herentals · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
17.8 ha
Building footprint
4.5 ha
Parcel 13302D0060/00S000, Flanders. Linked by address, not a title deed.
1 establishment unit
Pallite
Atealaan(HRT) 34, 2200 HerentalsManufacture of paper and paper products
since 20232.352.151.119
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13302D0060/00S000 Flanders 17.8 ha 1 · 4.5 ha -
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.

Similar companies · same sector, comparable size

Of 125 companies in sector 17120 we hold annual accounts for 92. 28 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded16-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
17120Manufacture of paper and paper products
52100Warehousing and storage
52250Logistics services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1002348312
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.