Palm Technology Services
ActiveSummary
Palm Technology Services has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €132k and a net result of €62k. Its solvency ranks better than 55% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes
Profitability100
Solvency92
Growth-
Track record79
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.04; short-term debt: 32.6% and cash: 77.1% of total assets), and 32.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 1 filingDeviation from the deadline
2024
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€132k
Total assets
€196k
Net result
€62k
Working capital
€130k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €196k
Fixed assets
€1k
Current assets
€194k
Equity and liabilities €196k
Equity
€132k
Debt
€64k
Debt finances 32.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€89k
Cash flow
€63k
Current ratio
3.04
Debt to equity
0.48
ROE
46.9%
ROA
31.6%
Interest coverage
89.39
Debt ≤ 1 year
€64k
Income taxes
€25k
Staff costs
€126k
Filed annual accounts As filed with the NBB · 2024 · 34 lines
Balance sheet
Code2024
Assets
Total assets20/58€196k
Fixed assets21/28€1k
Tangible fixed assets22/27€1k
Furniture and vehicles24€1k
Current assets29/58€194k
Amounts receivable within one year40/41€43k
Trade receivables40€43k
Cash at bank and in hand54/58€151k
Deferred charges and accrued income490/1€394
Equity and liabilities
Total equity and liabilities10/49€196k
Equity10/15€132k
Reserves13€132k
Distributable reserves133€132k
Amounts payable17/49€64k
Amounts payable within one year42/48€64k
Trade debts44€1k
Suppliers440/4€1k
Taxes, remuneration and social security45€56k
Taxes450/3€40k
Remuneration and social security454/9€16k
Other amounts payable47/48€7k
Income statement
Code2024
Remuneration, social security and pensions62€126k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€717
Gross operating margin9900€215k
Operating profit (loss)9901€88k
Financial charges65/66B€991
Recurring financial charges65€991
Profit (loss) for the period before taxes9903€87k
Income taxes67/77€25k
Profit (loss) for the period9904€62k
Profit (loss) for the period to be appropriated9905€62k
Appropriation of the result
Profit (loss) to be appropriated9906€62k
Transfer to equity691/2€62k
To other reserves6921€62k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 |
|---|---|
| Remuneration, social security and pensions62 | €126k |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €717 |
| Gross operating margin9900 | €215k |
| Operating profit (loss)9901 | €88k |
| Financial charges65/66B | €991 |
| Recurring financial charges65 | €991 |
| Profit (loss) for the period before taxes9903 | €87k |
| Income taxes67/77 | €25k |
| Profit (loss) for the period9904 | €62k |
| Profit (loss) for the period to be appropriated9905 | €62k |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €196k | |
| Fixed assets21/28 | €1k | |
| Tangible fixed assets22/27 | €1k | |
| Furniture and vehicles24 | €1k | |
| Current assets29/58 | €194k | |
| Amounts receivable within one year40/41 | €43k | |
| Trade receivables40 | €43k | |
| Cash at bank and in hand54/58 | €151k | |
| Deferred charges and accrued income490/1 | €394 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €196k | |
| Equity10/15 | €132k | |
| Reserves13 | €132k | |
| Distributable reserves133 | €132k | |
| Amounts payable17/49 | €64k | |
| Amounts payable within one year42/48 | €64k | |
| Trade debts44 | €1k | |
| Suppliers440/4 | €1k | |
| Taxes, remuneration and social security45 | €56k | |
| Taxes450/3 | €40k | |
| Remuneration and social security454/9 | €16k | |
| Other amounts payable47/48 | €7k | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €62k |
| + Depreciation and write-downs630 | €717 |
| Operating cash flow (approximation) | €63k |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
NBB filing
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, Etterbeek · 1 establishment unit since 2022
Ground area
1.3 ha
Building footprint
1.1 ha
Volume, LiDAR
121,616 m³
Parcel 21362B0253/02F000, Brussels · tallest building 34.4 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Palm Technology Services
since 20222.329.797.864
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0253/02F000 | Brussels | 1.3 ha | 1 · 1.1 ha | 34.4 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 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,424 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
Founded15-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.