PALMIMMO
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2023 close30-04-2024 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 27-04-2023, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
3 d early
2021
on the day
2020
10 d late
2019
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 9 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€215,430▲ 121%
2021 · €97,526
Total assets
€1.0m▲ 48.8%
2021 · €684,442
Net result
€117,904▲ 829%
2021 · €12,689
Working capital
-€191,206▲ 12.5%
2021 · -€218,577
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€73,245-€26,859-€2,622€20,430€127,056▲ 522%
Net result-€90,983-€15,913-€11,082€12,689€117,904▲ 829%
Equity€80,006-€95,919▲ 19.9%€84,837▼ 11.6%€97,526▲ 15.0%€215,430▲ 121%
Total assets€902,648-€755,318▼ 16.3%€913,268▲ 20.9%€684,442▼ 25.1%€1.0m▲ 48.8%
Debt€822,642-€659,399▼ 19.8%€828,431▲ 25.6%€586,916▼ 29.2%€802,855▲ 36.8%
Working capital-€158,131--€224,904▼ 42.2%-€219,267▲ 2.5%-€218,577▲ 0.3%-€191,206▲ 12.5%
Staff (FTE)12.1▲ 110%0.9▼ 57.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result +829% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
- 2022 Equity +121% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 522% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.0m
Fixed assets
€512,343 ▼ 4.7%
Current assets
€505,943 ▲ 245%
Equity and liabilities €1.0m
Equity
€215,430 ▲ 121%
Debt
€802,855 ▲ 36.8%
Debt's share of the balance-sheet total falls from 85.8% to 78.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€153,092▲
2021 · €68,343
Cash flow
€143,940▲
2021 · €60,602
Current ratio
0.73▲
2021 · 0.40
Debt to equity
3.73▼
2021 · 6.02
ROE
54.7%▲
2021 · 13.0%
ROA
11.6%▲
2021 · 1.9%
Interest coverage
28.15▲
2021 · 8.83
Debt ≤ 1 year
€697,149▲
2021 · €365,360
Debt > 1 year
€102,167▼
2021 · €221,167
Income taxes
€3,741
Staff costs
-€454▼
2021 · €3,750
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €3,750 | -€454 | ▼ 112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €86,198 | €68,776 | €59,437 | €47,913 | €26,036 | ▼ 45.7% |
| Other operating charges640/8 | - | - | - | €7,122 | €7,635 | ▲ 7.2% |
| Gross operating margin9900 | €17,899 | €117,765 | €112,207 | €79,215 | €160,273 | ▲ 102% |
| Operating profit (loss)9901 | -€73,245 | €26,859 | -€2,622 | €20,430 | €127,056 | ▲ 522% |
| Financial income75/76B | - | - | - | - | €28 | - |
| Recurring financial income75 | - | €0 | €4 | - | €28 | - |
| Financial charges65/66B | - | - | - | €7,741 | €5,439 | ▼ 29.7% |
| Recurring financial charges65 | €17,737 | €10,946 | €8,464 | €7,741 | €5,439 | ▼ 29.7% |
| Profit (loss) for the period before taxes9903 | -€90,983 | €15,913 | -€11,082 | €12,689 | €121,645 | ▲ 859% |
| Income taxes67/77 | - | - | - | - | €3,741 | - |
| Profit (loss) for the period9904 | -€90,983 | €15,913 | -€11,082 | €12,689 | €117,904 | ▲ 829% |
| Profit (loss) for the period to be appropriated9905 | -€90,983 | €15,913 | -€11,082 | €12,689 | €117,904 | ▲ 829% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €902,648 | €755,318 | €913,268 | €684,442 | €1.0m | ▲ 48.8% |
| Fixed assets21/28 | €684,321 | €645,009 | €585,572 | €537,659 | €512,343 | ▼ 4.7% |
| Tangible fixed assets22/27 | €684,321 | €645,009 | €585,572 | €537,659 | €512,343 | ▼ 4.7% |
| Land and buildings22 | - | - | - | €537,061 | €511,719 | ▼ 4.7% |
| Plant, machinery and equipment23 | - | - | - | €598 | €624 | ▲ 4.4% |
| Current assets29/58 | €218,328 | €110,309 | €327,696 | €146,783 | €505,943 | ▲ 245% |
| Amounts receivable within one year40/41 | €192,663 | €105,026 | €320,685 | €129,404 | €492,227 | ▲ 280% |
| Trade receivables40 | - | - | - | €125,525 | €492,227 | ▲ 292% |
| Other amounts receivable41 | - | - | - | €3,879 | - | - |
| Cash at bank and in hand54/58 | €23,758 | €3,781 | €4,843 | €15,027 | €11,489 | ▼ 23.5% |
| Deferred charges and accrued income490/1 | - | - | - | €2,353 | €2,227 | ▼ 5.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €902,648 | €755,318 | €913,268 | €684,442 | €1.0m | ▲ 48.8% |
| Equity10/15 | €80,006 | €95,919 | €84,837 | €97,526 | €215,430 | ▲ 121% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | = |
| Reserves13 | €18,006 | €18,006 | €18,006 | €18,006 | €18,006 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | - | €11,806 | €11,806 | = |
| Profit (loss) carried forward14 | -€29,108 | €15,913 | €4,831 | €17,521 | €135,425 | ▲ 673% |
| Amounts payable17/49 | €822,642 | €659,399 | €828,431 | €586,916 | €802,855 | ▲ 36.8% |
| Amounts payable after more than one year17 | €443,167 | €324,167 | €280,667 | €221,167 | €102,167 | ▼ 53.8% |
| Financial debts170/4 | - | - | - | €221,167 | €102,167 | ▼ 53.8% |
| Amounts payable within one year42/48 | €376,458 | €335,212 | €546,963 | €365,360 | €697,149 | ▲ 90.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €113,667 | €119,000 | ▲ 4.7% |
| Trade debts44 | €129,350 | €27,897 | €33,015 | €46,444 | €151,612 | ▲ 226% |
| Suppliers440/4 | - | - | - | €46,444 | €151,612 | ▲ 226% |
| Taxes, remuneration and social security45 | - | - | - | €443 | €71,729 | ▲ 16,097% |
| Taxes450/3 | - | - | - | - | €71,729 | - |
| Remuneration and social security454/9 | - | - | - | €443 | - | - |
| Other amounts payable47/48 | - | - | - | €204,807 | €354,807 | ▲ 73.2% |
| Accrued charges and deferred income492/3 | - | - | - | €388 | €3,540 | ▲ 811% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€90,983 | €15,913 | -€11,082 | €12,689 | €117,904 | ▲ 829% |
| + Depreciation and write-downs630 | €86,198 | €68,776 | €59,437 | €47,913 | €26,036 | ▼ 45.7% |
| Operating cash flow (approximation) | -€4,784 | €84,689 | €48,356 | €60,602 | €143,940 | ▲ 138% |
| Investment in fixed assets (approximation) | - | -€29,464 | €0 | €0 | -€720 | - |
| Change in cash | - | -€19,977 | €1,062 | €10,184 | -€3,537 | ▼ 135% |
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
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €117,904 ▲829%
Operating result €127,056, net result €117,904, both a record.
30-09
Financial
Equity above €200,000Eq €215,430 ▲121%
2 profitable years in a row build equity to €215,430.
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €12,689
Net result €12,689 after one loss-making year.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
30-09
Financial
Back to profitnet €15,913
Net result €15,913 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
03-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
13-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
13-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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Structure & network
Owners and holdings
1 ownerChain of control
- LEVI
- PALMIMMO
Highest known parent: LEVI. The sources do not say who stands above it.
Owners 1
- LEVIparentSourceaccounts LEVI 30-06-202299.6%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.