PALOMAR
ActiveSummary
The annual accounts of PALOMAR for fiscal year 2025 show a net loss of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €14,397 and a net result of -€22,988. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 10485 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-9
Solvency29▼-8
Growth47▼-18
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.95 against 1.02 in 2024; short-term debt: 95.7% and cash: 6.4% of total assets), and 95.7% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.3%
Return on assets
-6.9%
Age of the figures
9 mo
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
1819202122232425
2018 to 2025 · latest year -€22,988
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 10485 sector peers (2025).
NBB · sector comparisonPosition among 10485 sector peers
Solvency
better than 15%
← weakest
strongest →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
19 d early
2023
1 d early
2022
37 d early
2021
11 d early
2020
19 d late
2019
27 d 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 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€377,535▼ 7.8%
2024 · €409,467
EBIT margin
-6.0%▼ 4.6pp
2024 · -1.4%
Net result
-€22,988▼ 226%
2024 · -€7,048
Working capital
-€14,654
2024 · €4,993
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
Line20212022202320242025
Turnover€541,793▲ 3.3%€360,571▼ 33.4%€372,383▲ 3.3%€409,467▲ 10.0%€377,535▼ 7.8%
Operating result€58,443▲ 446%-€14,315-€26,126▼ 82.5%-€5,746▲ 78.0%-€22,503▼ 292%
Net result€58,308▲ 450%-€29,449-€34,759▼ 18.0%-€7,048▲ 79.7%-€22,988▼ 226%
EBIT margin10.8%▲ 8.7pp-4.0%▼ 14.8pp-7.0%▼ 3.0pp-1.4%▲ 5.6pp-6.0%▼ 4.6pp
Equity€108,641▲ 116%€79,192▼ 27.1%€44,433▼ 43.9%€37,385▼ 15.9%€14,397▼ 61.5%
Total assets€551,694▲ 20.4%€255,942▼ 53.6%€314,008▲ 22.7%€306,564▼ 2.4%€331,495▲ 8.1%
Debt€443,053▲ 8.6%€176,750▼ 60.1%€269,576▲ 52.5%€269,179▼ 0.1%€317,098▲ 17.8%
Working capital€94,385▲ 163%€64,936▼ 31.2%€22,513▼ 65.3%€4,993▼ 77.8%-€14,654
Staff (FTE)1=1=
Why a figure moved sharply
- 2022 Total assets -54% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22,503 in 2025 against €5,746 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €331,495
Fixed assets
€29,051 ▼ 10.3%
Current assets
€302,444 ▲ 10.3%
Equity and liabilities €331,495
Equity
€14,397 ▼ 61.5%
Debt
€317,098 ▲ 17.8%
Debt's share of the balance-sheet total rises from 87.8% to 95.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€19,163▼
2024 · -€4,229
Cash flow
-€19,647▼
2024 · -€5,531
Current ratio
0.95▼
2024 · 1.02
Quick ratio
0.13▲
2024 · 0.13
Debt to equity
22.03▲
2024 · 7.20
ROE
-159.7%▼
2024 · -18.9%
ROA
-6.9%▼
2024 · -2.3%
Interest coverage
-39.57▼
2024 · -23.36
Debt ≤ 1 year
€317,098▲
2024 · €269,179
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.1%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 974 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €541,793 | €360,571 | €372,383 | €409,467 | €377,535 | ▼ 7.8% |
| Goods, raw materials, services and sundry goods60/61 | €455,776 | €347,630 | €389,216 | €407,046 | €393,747 | ▼ 3.3% |
| Remuneration, social security and pensions62 | €26,398 | €24,782 | €1,797 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €190 | - | - | €1,517 | €3,340 | ▲ 120% |
| Other operating charges640/8 | €987 | €2,473 | €7,496 | €6,650 | €2,951 | ▼ 55.6% |
| Gross operating margin9900 | €86,017 | €12,941 | -€16,833 | €2,421 | -€16,212 | ▼ 770% |
| Operating profit (loss)9901 | €58,443 | -€14,315 | -€26,126 | -€5,746 | -€22,503 | ▼ 292% |
| Financial charges65/66B | €135 | €1,230 | €953 | €181 | €484 | ▲ 168% |
| Recurring financial charges65 | €135 | €1,230 | €953 | €181 | €484 | ▲ 168% |
| Profit (loss) for the period before taxes9903 | €58,308 | -€15,544 | -€27,079 | -€5,927 | -€22,988 | ▼ 288% |
| Income taxes67/77 | - | €13,905 | €7,680 | €1,121 | - | - |
| Profit (loss) for the period9904 | €58,308 | -€29,449 | -€34,759 | -€7,048 | -€22,988 | ▼ 226% |
| Profit (loss) for the period to be appropriated9905 | €58,308 | -€29,449 | -€34,759 | -€7,048 | -€22,988 | ▼ 226% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €551,694 | €255,942 | €314,008 | €306,564 | €331,495 | ▲ 8.1% |
| Fixed assets21/28 | €14,256 | €14,256 | €21,920 | €32,391 | €29,051 | ▼ 10.3% |
| Tangible fixed assets22/27 | €3,521 | €3,521 | €11,185 | €19,156 | €15,816 | ▼ 17.4% |
| Land and buildings22 | - | - | €1,775 | €1,775 | €1,775 | = |
| Plant, machinery and equipment23 | - | - | - | €7,496 | €5,996 | ▼ 20.0% |
| Furniture and vehicles24 | €3,330 | €3,330 | €9,219 | €9,694 | €7,854 | ▼ 19.0% |
| Other tangible fixed assets26 | €191 | €191 | €191 | €191 | €191 | = |
| Financial fixed assets28 | €10,735 | €10,735 | €10,735 | €13,235 | €13,235 | = |
| Current assets29/58 | €537,438 | €241,685 | €292,088 | €274,173 | €302,444 | ▲ 10.3% |
| Stocks and contracts in progress3 | €215,517 | €171,677 | €211,832 | €238,601 | €260,406 | ▲ 9.1% |
| Stocks30/36 | €215,517 | €171,677 | €211,832 | €238,601 | €260,406 | ▲ 9.1% |
| Amounts receivable within one year40/41 | €28,045 | €6,622 | €5,322 | €13,890 | €17,739 | ▲ 27.7% |
| Trade receivables40 | €18,488 | €1,925 | €625 | €13,890 | €625 | ▼ 95.5% |
| Other amounts receivable41 | €9,558 | €4,696 | €4,696 | €0 | €17,113 | - |
| Cash at bank and in hand54/58 | €290,779 | €60,291 | €71,839 | €18,585 | €21,204 | ▲ 14.1% |
| Deferred charges and accrued income490/1 | €3,095 | €3,095 | €3,095 | €3,095 | €3,095 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €551,694 | €255,942 | €314,008 | €306,564 | €331,495 | ▲ 8.1% |
| Equity10/15 | €108,641 | €79,192 | €44,433 | €37,385 | €14,397 | ▼ 61.5% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Issued capital100 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €1,228 | €1,228 | €1,228 | €1,228 | €1,228 | = |
| Non-distributable reserves130/1 | €1,228 | €1,228 | €1,228 | €1,228 | €1,228 | = |
| Legal reserve130 | €1,228 | €1,228 | €1,228 | €1,228 | €1,228 | = |
| Profit (loss) carried forward14 | €87,413 | €57,964 | €23,205 | €16,157 | -€6,831 | ▼ 142% |
| Amounts payable17/49 | €443,053 | €176,750 | €269,576 | €269,179 | €317,098 | ▲ 17.8% |
| Amounts payable within one year42/48 | €443,053 | €176,750 | €269,576 | €269,179 | €317,098 | ▲ 17.8% |
| Current portion of amounts payable after more than one year42 | €0 | €0 | - | - | - | - |
| Trade debts44 | €424,863 | €172,209 | €259,272 | €262,818 | €310,789 | ▲ 18.3% |
| Suppliers440/4 | €424,863 | €172,209 | €259,272 | €262,818 | €310,789 | ▲ 18.3% |
| Taxes, remuneration and social security45 | €13,190 | €4,541 | €10,304 | €6,361 | €1,148 | ▼ 82.0% |
| Taxes450/3 | €0 | €4,100 | €8,712 | €4,119 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €13,190 | €441 | €1,592 | €2,243 | €1,148 | ▼ 48.8% |
| Other amounts payable47/48 | €5,000 | €0 | - | - | €5,161 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,308 | -€29,449 | -€34,759 | -€7,048 | -€22,988 | ▼ 226% |
| + Depreciation and write-downs630 | €190 | - | - | €1,517 | €3,340 | ▲ 120% |
| Operating cash flow (approximation) | €58,498 | -€29,449 | -€34,759 | -€5,531 | -€19,647 | ▼ 255% |
| Investment in fixed assets (approximation) | - | €0 | -€7,664 | -€11,988 | €0 | ▲ 100% |
| Change in cash | - | -€230,489 | €11,549 | -€53,254 | €2,619 | ▲ 105% |
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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€34,759
Net result drops to -€34,759, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €58,308 ▲450%
Operating result €58,443, net result €58,308, both a record.
31-12
Financial
Equity above €100,000Eq €108,641 ▲116%
3 profitable years in a row build equity to €108,641.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Back to profitnet €30,269
Net result €30,269 after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 2 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 49 days late
2017
19-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 80 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Schaarbeek · 1 establishment unit since 2001
Ground area
165 m²
Building footprint
164 m²
Volume, LiDAR
1,090 m³
Parcel 21908E0006/00P005, Brussels · tallest building 19.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Brabantstraat 126, 1030 Schaarbeek
since 20012.098.188.489
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21908E0006/00P005 | Brussels | 165 m² | 1 · 164 m² | 19.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PLUS
BE 0465.851.012
Tessenderlo-Ham · Eq €14,418
DE BLAUWE POEDEL
BE 0826.269.160
Gent · Eq €14,603
DE TAFEL VAN FELIZ
BE 0872.069.986
Leuven · Eq €13,861
TREND MEUBLES
BE 0550.495.784
Charleroi · Eq €15,841
MD-ULTIMATE EUROPE
BE 0836.063.685
Elsene · Eq €15,879
Of 765 companies in sector 47552 we hold annual accounts for 444. 191 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-05-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47552Retail sale of lighting equipment
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474820047
Also
9925:BE0474820047
Registered
05-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.