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PALMO

Active
Private limited companyfounded 1989active for 37 yearsBunderstraat 62, 1745 Opwijk, BelgiumKBO/BCE: BE 0436.818.912
Summary

PALMO has been active since 1989 and the Belgian Official Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €34,093 and a net result of -€11,880. Equity is shrinking by about 17% per year across the filed financial years. Its solvency ranks better than 95% of 9,615 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
Joinery installation
NACE 43320
#9 oldest company in Opwijk, Construction sector1 site
Size
€14,456turnover 2025
Equity
€34,093
Loss
-€11,880
Financial health
68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Accounts 8 days early0 of 1 deed read
Why 68raises riskSector: Specialised construction activities (NACE 43)Loss of €11,880, the second in a row (financial year 2025)lowers riskFounded in 1989Equity €34,093 (95.0% of total assets)Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 40% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Average
Solvency 100=
equity 95.0% of total assets
Liquidity 55-22
short-term debt 5.0% · cash 3.9%
Profitability 0=
return on assets -33.1%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,541 companies, NACE 43, micro)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.2%▲ +0.2 percentage points vs 06-2025 08-2025: 1.8%▲ +0.6 percentage points vs 07-2025highest value 09-2025: 0.4%▼ -1.4 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.5%▲ +0.1 percentage points vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.4%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 0.5%▲ +0.1 percentage points vs 06-2026 08-2026: 0.8%▲ +0.3 percentage points vs 07-2026 09-2026: 0.8%● unchanged vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity ample (current ratio 19.12; short-term debt: 5% and cash: 3.9% of total assets), and 5% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 90% on solvency, 51% on liquidity, 4% on profitability and 16% on growth.

The bankruptcy probability was computed on 10-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Loss of €11,880, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 1989
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Equity €34,093 (95.0% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€11,880
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
8 days early
2024
15 days late
2023
19 days late
2022
22 days late
2021
128 days early
2020
95 days late
2019
459 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 68 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Strikeout initial
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Weakest financial yearnet -€77,247

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€11,880 View
  • Positive: Result rose in 2025from -€77,247 to -€11,880 ▲ 84.6% View
  • Caution: Among the weakest 14% on net resultsector median €27,560 · 9,608 companies -€11,880 View

By topic

Financials

Financial year
2025
Turnover
€14,456
Loss
-€11,880
Solvency
95.0%
Turnover▼ 28.6%
Net result
20222025
Go to Financials

Timeline

Events
15
Since
1990
Next accounts
by 31-07-2027
  1. 31-12-2024Liquidity more than 35 times
  2. 19-08-2024Annual accounts filed
  3. 31-12-2023Liquidity more than doubles
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
01-03-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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