Result
€159,495 €159,495
Back in profit in 2025, after a loss of €9,527 in 2024.
PALMAS
Lifetime
2 annual accounts with figures on one time axispeak €246,632 (2025)
€246,632▲ 205%
lowest -€9,527 (2024)
€159,495▲ €169,023
peak €65,939 (2025)
€65,939▲ €159,495
€50,176▼ 91.2%
Board2 names since 2021
1 director
Documentsfilings and deeds
23-02-202623 days late
2025micro format
Gross margin from €80,932 to €246,632Back to profit: €159,495Equity from -€93,556 to €65,939Debts from €573,190 to €50,176Cash from €980 to €113
Key points
from the 2025 annual accountsLiquidity
2.31 was 0.11 in 2024
Short-term debts fell from €324,460 to €50,176.
Position in the sector
€159,495
Higher net result than 95% of companies in food and beverage service. Sector median €4,675 · 18,476 companies.
2025 accounts filed 23 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,973 companies had the same profile as PALMAS has now. Each dot stands for 68 companies, two years later.
94.8%
were still trading
3.5%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,973 companies, not a prediction for PALMAS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 05-03-2021
- 100 sharesdeed of 09-03-2021
- 100 sharesdeed of 09-03-2021
Recent changes
Bankruptcy reversal
Enterprise Court of Ghent, Bruges division · judgment of 15-06-2026 · Bankruptcy
Bankruptcy published
Enterprise Court of Ghent, Bruges division · judgment of 16-02-2026 · Bankruptcy
Resignation: (director)
General meeting of 31-12-2021 · Gazette deed
Incorporation
Founding capital of €5,000, 200 shares · Founders: and · Appointments: (director) and (director) · published on 09-03-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PALMAS Bruges | €116,115 | €246,632 | 56.8% | - |
| LE GRILL DES AMIS Namur | €110,903 | €240,367 | 18.8% | - |
| SNADA Brussels | €121,978 | €223,856 | 27.3% | - |
| AGGAP1 Tervuren | €118,437 | €220,892 | 14.8% | - |
| AUM Scherpenheuvel-Zichem | €115,663 | €218,167 | 19.8% | - |
| SAKURA Geel | €121,103 | €220,282 | 52.4% | - |
| CHEZ LAURETTE SPA Spa | €115,616 | €210,991 | 35.9% | - |
These companies have the same main activity as PALMAS: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €111,000 and €122,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 05-03-2021Normal situation
- Activity
- Full-service restaurantsNACE 56111and 2 others
- Establishment unit
- 2.314.844.1278200 Bruges, since 05-03-2021
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-06-2025
- ≈ €720,000estimated
- €116,115▼ 75.8%
- ≈ 0.1 FTEestimated
- Filing
- Filed on 23-02-2026
Insights on PALMAS
The file of PALMAS contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette. The 2025 annual accounts show equity of €65,939 and a net result of €159,495.
Its solvency ranks better than 73% of 18,509 sector peers (NACE 56, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PALMAS
- What is the company number of PALMAS?
- The company number of PALMAS is 0764.704.349. The VAT number is the same number with BE in front: BE 0764.704.349.
- Where is PALMAS based?
- The registered office is at Gistelse Steenweg 381, 8200 Bruges.Company details
- What does PALMAS do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of PALMAS?
- PALMAS is a private limited company (BV).
- When was PALMAS founded?
- PALMAS was founded on 05-03-2021.
- Is PALMAS still active?
- Yes, PALMAS is an active enterprise in the KBO register.
- What is the turnover of PALMAS?
- The turnover in financial year 2025 is ≈ €720,000. This figure is estimated from the gross margin of €246,632 and 87 comparable companies (NACE 56111). It probably lies between €600,000 and €870,000.Financials
- Is PALMAS profitable?
- In financial year 2025, PALMAS made a profit of €159,495.
- Where can I find the annual accounts of PALMAS?
- PALMAS filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PALMAS due?
- PALMAS must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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