PALMAS
ActiveThe file of PALMAS contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 3.3% (moderate). The 2025 annual accounts show equity of €65,939 and a net result of €159,495. Its solvency ranks better than 73% of 13604 sector peers (fiscal year 2025).
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Signals
This company filed its last 2 accounts on average 101 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 26,970 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €33,053 | €1,623 | ▼ 95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,220 | - | - |
| Other operating charges640/8 | €840 | €41,836 | ▲ 4,880% |
| Gross operating margin9900 | €80,932 | €246,632 | ▲ 205% |
| Operating profit (loss)9901 | -€1,181 | €203,172 | ▲ 17,302% |
| Financial income75/76B | - | €3,217 | - |
| Recurring financial income75 | - | €3,217 | - |
| Financial charges65/66B | €8,346 | €340 | ▼ 95.9% |
| Recurring financial charges65 | €8,346 | €340 | ▼ 95.9% |
| Profit (loss) for the period before taxes9903 | -€9,527 | €206,049 | ▲ 2,263% |
| Income taxes67/77 | - | €46,554 | - |
| Profit (loss) for the period9904 | -€9,527 | €159,495 | ▲ 1,774% |
| Profit (loss) for the period to be appropriated9905 | -€9,527 | €159,495 | ▲ 1,774% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €479,634 | €116,115 | ▼ 75.8% |
| Fixed assets21/28 | €444,852 | - | - |
| Tangible fixed assets22/27 | €444,489 | - | - |
| Land and buildings22 | €219,439 | - | - |
| Plant, machinery and equipment23 | €216,478 | - | - |
| Furniture and vehicles24 | €8,572 | - | - |
| Financial fixed assets28 | €363 | - | - |
| Current assets29/58 | €34,782 | €116,115 | ▲ 234% |
| Stocks and contracts in progress3 | €500 | - | - |
| Stocks30/36 | €500 | - | - |
| Amounts receivable within one year40/41 | €33,302 | €116,003 | ▲ 248% |
| Trade receivables40 | €33,302 | €21,908 | ▼ 34.2% |
| Other amounts receivable41 | - | €94,094 | - |
| Cash at bank and in hand54/58 | €980 | €113 | ▼ 88.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €479,634 | €116,115 | ▼ 75.8% |
| Equity10/15 | -€93,556 | €65,939 | ▲ 170% |
| Reserves13 | - | €65,939 | - |
| Distributable reserves133 | - | €65,939 | - |
| Profit (loss) carried forward14 | -€93,556 | - | - |
| Amounts payable17/49 | €573,190 | €50,176 | ▼ 91.2% |
| Amounts payable after more than one year17 | €248,730 | - | - |
| Financial debts170/4 | €248,730 | - | - |
| Amounts payable within one year42/48 | €324,460 | €50,176 | ▼ 84.5% |
| Current portion of amounts payable after more than one year42 | €25,614 | - | - |
| Trade debts44 | €23,952 | €3,623 | ▼ 84.9% |
| Suppliers440/4 | €23,952 | €3,623 | ▼ 84.9% |
| Taxes, remuneration and social security45 | €6,588 | €46,554 | ▲ 607% |
| Taxes450/3 | €1,892 | €46,554 | ▲ 2,361% |
| Remuneration and social security454/9 | €4,696 | - | - |
| Other amounts payable47/48 | €268,306 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€9,527 | €159,495 | ▲ 1,774% |
| + Depreciation and write-downs630 | €48,220 | - | - |
| Operating cash flow (approximation) | €38,693 | €159,495 | ▲ 312% |
| Change in cash | - | -€867 | - |
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
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0261/00A011 | Flanders | 305 m² | 1 · 236 m² | 11.8 m · 2 fl. |
Linked by address, not proof of ownership
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DIETER DE FAUW KOUDE KEUKENSTRAAT 13,
8200 02 BRUGGE (SINT-ANDRIES) |
16-02-2026 → 15-06-2026 |
Similar companies · same sector, comparable size
Identification & contact
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.