Equity
€14,397 from €108,641 in 2021
Equity fell by 87% in 4 years.
PALOMAR
Lifetime
18 annual accounts with figures on one time axis, 23 filings since 2001peak €562,735 (2011)
€377,535▼ 7.8%
lowest -€47,311 (2017)
-€22,988▼ €15,940
peak €108,641 (2021)
€14,397▼ 61.5%
€317,098▲ 17.8%
peak 2 FTE (2009)
-not published
Board1 name since 2017
1 director
Documentsfilings and deeds
07-07-202624 days before the deadline
2025micro format
Gross margin from €2,421 to -€16,212Loss of €22,988Equity from €37,385 to €14,397Debts from €269,179 to €317,098
Key points
from the 2025 annual accountsLosses
-€94,244 in four years
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€317,098 96% of the balance sheet
Suppliers 98%Taxes and wages 0%Other 2%
Payment terms
288 days to suppliers
PALOMAR pays its suppliers 52 days later than in 2024. Customers pay 11 days earlier.
Filings
23 annual accounts since 2001
Five of the last ten came late. The 2016 accounts came latest: 80 days after the end of the period.
Position in the sector
-€22,988
Lower net result than 90% of companies in retail trade. Sector median €4,763 · 25,208 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 974 companies had the same profile as PALOMAR has now. Each dot stands for 3 companies, two years later.
92.9%
were still trading
4.4%
stopped another way
2.3%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 974 companies, not a prediction for PALOMAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0474820047
Change of role: , from manager to director
Director discharge: · General meeting of 24-05-2024 · Gazette deed
Resignation: (manager)
General meeting of 30-09-2017 · Gazette deed
First establishment
Brabantstraat 126, Schaerbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PALOMAR Schaerbeek | €331,495 | -€16,212 | 4.3% | - |
| TECHNO DESIGN Izegem | €254,739 | -€31,677 | 94.5% | - |
| P & S DECOR Bree | €366,479 | -€1,175 | 99.7% | - |
| NOSTALGIE Menen | €406,480 | -€5,602 | -84.5% | - |
| SB Interiors Diepenbeek | €630,931 | -€113,685 | 71.3% | - |
| 'T Koetshuys Ranst | €157,970 | -€13,820 | 88.8% | - |
| G.B.D. LIGHTING Fléron | €340,626 | -€1,028 | 48.3% | - |
These companies have the same main activity as PALOMAR: retail sale of lighting equipment (NACE 47552). They are comparable in size and age: total assets between €158,000 and €631,000, founded between 1995 and 2008.
Official details
Source: KBO- Status
- Active since 17-05-2001Normal situation
- Activity
- Retail sale of lighting equipmentNACE 47552and 1 other
- Joint committee
- 119Food trade · annual accounts 2022
- Establishment unit
- 2.098.188.4891030 Schaerbeek, since 22-06-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 05-03-2026
Annual accounts 2025
- €331,495▲ 8.1%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on PALOMAR
PALOMAR has existed since 2001. Turnover grew from €302,431 in 2006 to €377,535 in 2025.
Solvency fell in 2025 from 12.2% to 4.3% because of the loss and higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PALOMAR
- What is the company number of PALOMAR?
- The company number of PALOMAR is 0474.820.047. The VAT number is the same number with BE in front: BE 0474.820.047.
- Where is PALOMAR based?
- The registered office is at Brabantstraat 126, 1030 Schaerbeek.Company details
- What does PALOMAR do?
- According to the KBO register, the main activity is retail sale of lighting equipment (NACE 47552).
- What is the legal form of PALOMAR?
- PALOMAR is a private limited company (BV).
- When was PALOMAR founded?
- PALOMAR was founded on 17-05-2001.
- Is PALOMAR still active?
- Yes, PALOMAR is an active enterprise in the KBO register.
- How many employees does PALOMAR have?
- PALOMAR had an average of 1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does PALOMAR fall under?
- In its 2022 annual accounts, PALOMAR states joint committee 119 (Food trade).
- What is the turnover of PALOMAR?
- The turnover of PALOMAR was €377,535 in financial year 2025, according to the filed annual accounts.
- Is PALOMAR profitable?
- In financial year 2025, PALOMAR made a loss of €22,988.
- Where can I find the annual accounts of PALOMAR?
- PALOMAR filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PALOMAR due?
- PALOMAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.