PALM
The computed 12-month bankruptcy probability of PALM is 3.7% (moderate). The 2024 annual accounts show negative equity (€-55k) and a net result of €-18k. Equity is shrinking by ~28.5% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-55k |
| Net result | €-18k |
| Active | 5 yrs |
| Board | 1 |
Mixed profile: strong on stability, weaker on health.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
Show 13 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | €343k |
| EBITDA | €43k |
| Net profit | €-18k |
| Cash flow | €-2k |
| Staff costs | €71k |
| Income taxes | €39k |
| Dividends | - |
| Total assets | €139k |
| Equity | €-55k |
| Debt | €194k |
| of which ≤ 1y | €193k |
| of which > 1y | - |
| Working capital | €-140k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.27 |
| Quick ratio | 0.25 |
| Working capital ratio | -100.6% |
| Solvency | -39.5% |
| Debt / equity | -3.53 |
| Long-term debt ratio | - |
| Interest coverage | 8.17 |
| Gross margin | 34.4% |
| Net margin | -5.3% |
| ROA | -13.0% |
| ROE | 33.0% |
| EBITDA margin | 12.4% |
| Days sales outstanding | 14d |
| Days payable outstanding | 26d |
| Inventory turnover | 43.80 |
| Days inventory (DSI) | 8d |
Full annual accounts (25 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €139k |
| Fixed assets | 21/28 | €86k |
| Intangible fixed assets | 21 | €58k |
| Tangible fixed assets | 22/27 | €13k |
| Financial fixed assets | 28 | €15k |
| Current assets | 29/58 | €53k |
| Stocks & contracts in progress | 3 | €5k |
| Amounts receivable within one year | 40/41 | €13k |
| Cash & bank | 54/58 | €15k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €139k |
| Equity | 10/15 | €-55k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €-57k |
| Amounts payable | 17/49 | €194k |
| Amounts payable within one year | 42/48 | €193k |
| Trade debts payable within one year | 44 | €16k |
| Income statement | ||
| Turnover | 70 | €343k |
| Gross operating margin | 9900 | €128k |
| Operating result | 9901 | €27k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €5k |
| Result before taxes | 9903 | €21k |
| Income taxes | 67/77 | €39k |
| Net result for the period | 9904 | €-18k |
| Result to be appropriated | 9905 | €-18k |
-
Mitil MehmetDirectorState Gazette act 22047726 (14-04-2022)Current01-04-2022 → present
Former directors (1)
-
Akmemisoglu LeventDirectorState Gazette act 22094955 (09-08-2022)Former- → 30-06-2022
| NACE primary | Activiteiten van eetgelegenheden met volledige bediening(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 10-09-2020 |
| Status | Active |
| Postal code | 1640 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62063B0802/00A000 ProtectedMonument |
Wallonia | 443 m² | 1 · 96 m² | 21.5 m · 7 fl. |
| 22004C0269/00E005 | Flanders | 211 m² | 1 · 207 m² | 10.0 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
30-01-2025 Registered office moved from LIEGE to Rhode-Saint-Genèse
- Place du Marché 41 - 4000 LIEGE → Rue du Tilleul 109 à 1640 Rhode-Saint-Genèse
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Rue du Tilleul 109 \u00E0 1640 Rhode-Saint-Gen\u00E8se",
"city": "Rhode-Saint-Gen\u00E8se",
"region": "vlaams_gewest",
"street": "Rue du Tilleul",
"country": "BE",
"postcode": "1640",
"box_number": null,
"street_number": "109",
"locality_suffix": null
},
"old_address": {
"raw": "Place du March\u00E9 41 - 4000 LIEGE",
"city": "LIEGE",
"region": "vlaams_gewest",
"street": null,
"country": "BE",
"postcode": "2501",
"box_number": null,
"street_number": null,
"locality_suffix": null
},
"effective_date": "2025-01-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-01-30",
"filing_date": "2025-01-21",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2025-01-01",
"unanimous": true
},
"subject_company": {
"kbo": "0753.931.213",
"name_full": "PALM",
"legal_form": "SRL",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Mitil Mehmet",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur"
},
"co_filed_documents": [
"Mod DOC 19.01"
]
}09-08-2022 Akmemisoglu Levent resigns as director
- Akmemisoglu Levent, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": "98.05.04-419.02",
"name": "Akmemisoglu Levent",
"address": null,
"birth_date": "1999-05-04",
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2022-06-30",
"evidence_quote": "Monsieur Akmemisoglu Levent, n\u00E9 le 04 mai 19998 (NN 98.05.04-419.02), d\u00E9missionne de son poste d\u0027administrateur et d\u0027associ\u00E9 \u00E0 dater du 30-06-2022",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2022-08-09",
"filing_date": "2022-06-30",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2022-06-30",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0753.931.213",
"name_full": "PALM SRL",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Akmemisoglu Levent",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur"
},
"co_filed_documents": [
"PV d\u0027Assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire du 30 juin 2022"
],
"corrected_publication_numac": null
}14-04-2022 Transaction in capital or shares
Technical details
{
"events": [],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Li\u00E8ge",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "1970-01-10",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2022-04-01",
"unanimous": null,
"under_authorized_capital": false,
"underlying_resolution_date": "2022-04-01"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0753.931.213",
"name_full": "PALM SRL",
"legal_form": "Soci\u00E9t\u00E9 \u00E0 Responsabilit\u00E9 Limit\u00E9e",
"is_foreign_registered": true
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"PV d\u0027Assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire du. 1 avril 2022"
],
"shareholders_after": [
{
"kbo": null,
"pct": 5.0,
"kind": "person",
"name": "Levent Akmemisoglu",
"role": null,
"n_shares": null,
"share_class": null
},
{
"kbo": null,
"pct": 95.0,
"kind": "person",
"name": "Mitil Mehmet",
"role": null,
"n_shares": null,
"share_class": null
}
],
"share_classes_after": []
}| Legal nameFR | PALM |