PALOGYC SERVICE
ActivePALOGYC SERVICE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €224k and a net result of €-10k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 1895 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▲+13
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
short-term debt: 0.7% and cash: 52.7% of total assets, and 0.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← fewer bankruptcies
more bankruptcies →
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 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-10k
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 13-03-2026, 140 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
140 d early
2024
143 d early
2023
48 d early
2022
48 d early
2021
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€224k▼ 4.3%
2024 · €234k
2021: €122k
2022: €197k
2023: €292k
2024: €234k
2021 → 2025
Total assets
€225k▼ 4.8%
2024 · €236k
2021: €245k
2022: €240k
2023: €297k
2024: €236k
2021 → 2025
Net result
€-10k▲ 82.7%
2024 · €-59k
2021: €119k
2022: €75k
2023: €95k
2024: €-59k
2021 → 2025
Working capital
€221k▼ 4.4%
2024 · €231k
2021: €153k
2022: €177k
2023: €291k
2024: €231k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€122k-€197k▲ 61.4%€292k▲ 48.3%€234k▼ 20.1%€224k▼ 4.3%
Operating result€156k-€105k▼ 32.5%€110k▲ 4.2%€-51k€-16k▲ 69.2%
Net result€119k-€75k▼ 37.0%€95k▲ 26.9%€-59k€-10k▲ 82.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €51k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €225k
Fixed assets
€2k▲ 1.3%
Current assets
€223k▼ 4.9%
Equity and liabilities €225k
Equity
€224k▼ 4.3%
Debt
€2k▼ 44.1%
The debt ratio falls from 1.2% to 0.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-15k▲
2024 · €-50k
Cash flow
€-9k▲
2024 · €-58k
Solvency
99.3%▲
2024 · 98.8%
Debt / equity
0.01▼
2024 · 0.01
ROE
-4.5%▲
2024 · -25.1%
ROA
-4.5%▲
2024 · -24.8%
Interest coverage
-4.83▲
2024 · -7.11
Debt
€2k▼
2024 · €3k
Debt ≤ 1 year
€2k▼
2024 · €3k
Income taxes
€86▼
2024 · €236
A ratio outside any meaningful range has been withheld (balance sheet total €225k, equity €224k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€236k€225k▼
Fixed assets21/28€2k€2k▲
Tangible fixed assets22/27€2k€2k▲
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€829€1k▲
Current assets29/58€234k€223k▼
Amounts receivable within one year40/41€746€10k▲
Other amounts receivable41€746€10k▲
Current investments50/53€94k€94k=
Cash at bank and in hand54/58€138k€119k▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€236k€225k▼
Equity10/15€234k€224k▼
Contributions10/11€3k€3k=
Reserves13€231k€221k▼
Distributable reserves133€231k€221k▼
Amounts payable17/49€3k€2k▼
Amounts payable within one year42/48€3k€2k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€236€0▼
Taxes450/3€236€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€1k€544▼
Gross operating margin9900€-49k€-14k▲
Operating profit (loss)9901€-51k€-16k▲
Financial income75/76B€0€9k▲
Recurring financial income75€0€9k▲
Financial charges65/66B€7k€3k▼
Recurring financial charges65€7k€3k▼
Profit (loss) for the period before taxes9903€-58k€-10k▲
Income taxes67/77€236€86▼
Profit (loss) for the period9904€-59k€-10k▲
Profit (loss) for the period to be appropriated9905€-59k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-59k€-10k▲
Transfer from equity791/2€59k€10k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-59k ▼162%
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 13current ratio 66.20
Current ratio from 5.14 to 66.20; short-term debt falls from €43k to €4k.
31-12
Financial
Equity above €200kEq €292k ▲48.3%
3 profitable years in a row build equity to €292k.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €197k ▲61.4%
2 profitable years in a row build equity to €197k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bornem · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
't Hoogste(BOR) 472880 BornemGround area
1,592 m²
Building footprint
434 m²
Volume, LiDAR
1,958 m³
2 parcels, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PALOGYC SERVICE
since 20212.311.541.969
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12362E0437/00B003 | Flanders | 809 m² | 1 · 163 m² | 6.9 m · 2 fl. |
| 11056A0315/00W000 | Flanders | 784 m² | 1 · 271 m² | 7.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,152 companies in sector 63920 we hold annual accounts for 1,522. 1,163 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-2021
Fiscal year end31-12
Activities, NACEBEL
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:paul.logghe@outlook.com