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PALMIR

Active
Public limited companyfounded 200917 yrs activeSelsaetenstraat 50, 2160 Wommelgem, BelgiumKBO/BCE: BE 0817.371.488
Summary

PALMIR has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€8,121) and a net result of €156,564. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 226 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisWatch ReportCompare
PALMIRActiveChecked score 56/100
Risk analysis ReportCompare

Overview

Activity
Other research and development on natural sciences
NACE 72109NACE 72190
1 site
Size
€162,645turnover 2024
Equity
-€8,121
Profit
€156,564
Financial health
56 Fair Checked score 2024
Bankruptcy chance 12 m
0.5%
Structure
Parent
BEUKENWOUD · 100%
Accounts 63 d overdue0 of 7 deeds read
Why 56Capped at 59: negative equity- 1 financial year not filed after the legal deadline; latest accounts 39 days late; 1 of the last 3 late+ Liquidity: current ratio 0.00, cash €4, halved+ Founded in 2009+ Sector Scientific research and development (NACE 72)Show the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 54% of its sector peers (NACE 72, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 0=
equity -195206.3% of total assets
Liquidity 50+40
short-term debt 108205.3% · cash 100.0%
Profitability 100+100
return on assets 3763547.8%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (925 companies)
Last 19 months 04-2025: 0.7% 05-2025: 0.7%▼ -1.9% vs 04-2025 06-2025: 0.7%▼ -0.3% vs 05-2025 07-2025: 0.8%▲ +16.3% vs 06-2025 08-2025: 1.1%▲ +31.9% vs 07-2025 09-2025: 1.2%▲ +5.3% vs 08-2025highest value 10-2025: 0.3%▼ -75.5% vs 09-2025lowest value 11-2025: 0.3%● 0.0% vs 10-2025lowest value 12-2025: 0.3%● 0.0% vs 11-2025lowest value 01-2026: 0.3%▲ +2.4% vs 12-2025 02-2026: 0.3%▲ +1.4% vs 01-2026 03-2026: 0.3%▲ +2.7% vs 02-2026 04-2026: 0.3%▲ +7.5% vs 03-2026 05-2026: 0.3%▼ -3.0% vs 04-2026 06-2026: 0.3%▼ -5.0% vs 05-2026 07-2026: 0.3%▲ +9.8% vs 06-2026 08-2026: 0.4%▲ +9.9% vs 07-2026 09-2026: 0.4%▲ +7.6% vs 08-2026 10-2026: 0.5%▲ +18.9% vs 09-2026
  • Liquidity: current ratio 0.00, cash €4, halved lowers the probability
  • Founded in 2009 lowers the probability for this profile
  • Sector Scientific research and development (NACE 72) lowers the probability
  • 1 financial year not filed after the legal deadline; latest accounts 39 days late; 1 of the last 3 late raises the probability
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 72, micro). Better than this share of them on solvency 6%, liquidity 29%, profitability 90%, growth against the median 92%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 0.00, cash €4, halved
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 2009
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Sector Scientific research and development (NACE 72)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 39 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 226 sector peers (2024).
NBB · sector comparison
Position among 226 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-09-2025, 39 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
39 d late
2023
13 d early
2022
5 d early
2021
31 d late
2020
1 d early
2019
17 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · abbreviated…
  2. Back to profitnet €156,564
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€8,121 View
  • Positive: Equity rose in 2024from -€164,684 to -€8,121 ▲ 95.1% View
  • Caution: Among the weakest 5% on solvencysector median 45.7% · 226 companies -195206.3% View
  • Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
  • Controlled by BEUKENWOUDultimately: PALMYRA BRANDS 100% View

By topic

Financials

Fiscal year
2024
Turnover
€162,645
Profit
€156,564
Solvency
-195206.3%
Go to Financials

Timeline

Events
11
Since
2016
  1. 08-09-2025Annual accounts filed
  2. 31-12-2024Back to profit
  3. 18-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other research and development on natural sciencesNACE 72109
Founded
28-07-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

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