PALRACO
ActiveSummary
PALRACO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.3m and a net result of €86,232. Equity is growing by ~3.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 23.94 against 24.16 in 2023; short-term debt: 3.6% and cash: 67.4% of total assets), and 4.4% of the assets are financed with debt.
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Signals
Four 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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
95.6%
Return on assets
6.6%
Age of the figures
21 mo
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
44 d early
2023
42 d early
2022
40 d early
2021
41 d early
2020
46 d early
2019
44 d early
← 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 43 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#3 company by total assets in Wellen, Administrative and support services sector#3 oldest company in Wellen, Administrative and support services sector
Equity
€1.3m▲ 7.4%
2023 · €1.2m
Total assets
€1.3m▲ 2.9%
2023 · €1.3m
Net result
€86,232▲ 54.6%
2023 · €55,767
Working capital
€1.1m▼ 3.5%
2023 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€53,389▼ 54.1%€117,972▲ 121%€207,094▲ 75.5%€83,754▼ 59.6%€126,672▲ 51.2%
Net result€30,212within the sector's middle half▼ 58.7%€69,938within the sector's middle half▲ 131%€132,853within the sector's middle half▲ 90.0%€55,767within the sector's middle half▼ 58.0%€86,232within the sector's middle half▲ 54.6%
Equity€1.0mabove the sector's middle half▼ 1.2%€1.1mabove the sector's middle half▲ 1.9%€1.1mwithin the sector's middle half▲ 4.2%€1.2mwithin the sector's middle half▲ 5.0%€1.3mwithin the sector's middle half▲ 7.4%
Total assets€1.2mwithin the sector's middle half▲ 2.3%€1.2mwithin the sector's middle half▲ 0.9%€1.2mwithin the sector's middle half▼ 0.6%€1.3mwithin the sector's middle half▲ 7.7%€1.3mwithin the sector's middle half▲ 2.9%
Debt€132,381▲ 41.9%€122,813▼ 7.2%€71,332▼ 41.9%€106,404▲ 49.2%€57,620▼ 45.8%
Working capital€969,188above the sector's middle half▼ 2.1%€983,492above the sector's middle half▲ 1.5%€1.0mabove the sector's middle half▲ 3.6%€1.1mabove the sector's middle half▲ 11.3%€1.1mabove the sector's middle half▼ 3.5%
Solvency88.8%above the sector's middle half▼ 3.1pp89.7%above the sector's middle half▲ 0.9pp94.0%above the sector's middle half▲ 4.3pp91.7%above the sector's middle half▼ 2.3pp95.6%above the sector's middle half▲ 4.0pp
Current ratio9.03above the sector's middle half▼ 5.879.68above the sector's middle half▲ 0.6615.44above the sector's middle half▲ 5.7624.16above the sector's middle half▲ 8.7223.94above the sector's middle half▼ 0.22
Return on assets (ROA)2.6%within the sector's middle half▼ 3.8pp5.9%within the sector's middle half▲ 3.3pp11.2%above the sector's middle half▲ 5.3pp4.4%within the sector's middle half▼ 6.8pp6.6%within the sector's middle half▲ 2.2pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 51% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€170,862 ▲ 85.3%
Current assets
€1.1m ▼ 3.5%
Equity and liabilities €1.3m
Equity
€1.3m ▲ 7.4%
Debt
€57,620 ▼ 45.8%
Debt's share of the balance-sheet total falls from 8.3% to 4.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€139,381▲
2023 · €86,639
Cash flow
€98,940▲
2023 · €58,652
Quick ratio
20.67▼
2023 · 21.18
Debt to equity
0.05▼
2023 · 0.09
ROE
6.9%▲
2023 · 4.8%
Interest coverage
25.96▼
2023 · 30.24
Debt ≤ 1 year
€47,722▼
2023 · €48,991
Income taxes
€39,987▲
2023 · €26,964
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 20,134 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,954 | €2,697 | €12,915 | €2,885 | €12,708 | ▲ 341% |
| Other operating charges640/8 | - | €2,912 | €3,670 | €3,565 | €4,459 | ▲ 25.1% |
| Gross operating margin9900 | €59,025 | €123,581 | €223,679 | €90,203 | €143,840 | ▲ 59.5% |
| Operating profit (loss)9901 | €53,389 | €117,972 | €207,094 | €83,754 | €126,672 | ▲ 51.2% |
| Financial income75/76B | - | €1,889 | €4,041 | €1,843 | €4,916 | ▲ 167% |
| Recurring financial income75 | €4,770 | €1,889 | €4,041 | €1,843 | €4,916 | ▲ 167% |
| Financial charges65/66B | - | €6,746 | €5,839 | €2,865 | €5,370 | ▲ 87.4% |
| Recurring financial charges65 | €4,179 | €6,746 | €5,839 | €2,865 | €5,370 | ▲ 87.4% |
| Profit (loss) for the period before taxes9903 | €53,981 | €113,115 | €205,296 | €82,731 | €126,219 | ▲ 52.6% |
| Income taxes67/77 | €23,769 | €43,177 | €72,444 | €26,964 | €39,987 | ▲ 48.3% |
| Profit (loss) for the period9904 | €30,212 | €69,938 | €132,853 | €55,767 | €86,232 | ▲ 54.6% |
| Transfer from tax-exempt reserves789 | - | €37,500 | €71,200 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €107,712 | €107,438 | €204,053 | €55,767 | €86,232 | ▲ 54.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.3m | €1.3m | ▲ 2.9% |
| Fixed assets21/28 | €91,355 | €94,903 | €95,078 | €92,193 | €170,862 | ▲ 85.3% |
| Tangible fixed assets22/27 | €90,855 | €94,403 | €94,578 | €91,693 | €170,362 | ▲ 85.8% |
| Land and buildings22 | - | €86,520 | €86,520 | €86,520 | €86,520 | = |
| Plant, machinery and equipment23 | - | - | - | - | €3,561 | - |
| Furniture and vehicles24 | - | €7,883 | €8,058 | €5,173 | €74,986 | ▲ 1,349% |
| Other tangible fixed assets26 | - | - | - | - | €5,296 | - |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €1.1m | €1.1m | €1.1m | €1.2m | €1.1m | ▼ 3.5% |
| Amounts receivable after more than one year29 | - | €6,000 | €0 | - | - | - |
| Trade receivables290 | - | €6,000 | €0 | - | - | - |
| Stocks and contracts in progress3 | €206,099 | €171,425 | €148,930 | €145,800 | €155,925 | ▲ 6.9% |
| Stocks30/36 | - | €171,425 | €148,930 | €145,800 | €155,925 | ▲ 6.9% |
| Amounts receivable within one year40/41 | €163,408 | €263,630 | €132,484 | €98,099 | €65,739 | ▼ 33.0% |
| Trade receivables40 | - | €226,794 | €106,665 | €84,127 | €61,723 | ▼ 26.6% |
| Other amounts receivable41 | - | €36,836 | €25,819 | €13,972 | €4,016 | ▼ 71.3% |
| Cash at bank and in hand54/58 | €685,434 | €651,397 | €804,574 | €929,403 | €884,874 | ▼ 4.8% |
| Deferred charges and accrued income490/1 | - | €4,311 | €3,842 | €10,252 | €35,796 | ▲ 249% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.3m | €1.3m | ▲ 2.9% |
| Equity10/15 | €1.0m | €1.1m | €1.1m | €1.2m | €1.3m | ▲ 7.4% |
| Contributions10/11 | - | €222,130 | €134,000 | €134,000 | €134,000 | = |
| Reserves13 | €776,786 | €846,724 | €979,577 | €1.0m | €1.1m | ▲ 8.3% |
| Tax-exempt reserves132 | - | €71,200 | €0 | - | - | - |
| Distributable reserves133 | - | €775,524 | €979,577 | €1.0m | €1.1m | ▲ 8.3% |
| Amounts payable17/49 | €132,381 | €122,813 | €71,332 | €106,404 | €57,620 | ▼ 45.8% |
| Amounts payable after more than one year17 | €7,943 | - | - | - | - | - |
| Amounts payable within one year42/48 | €120,753 | €113,272 | €70,580 | €48,991 | €47,722 | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | - | €7,943 | €0 | - | - | - |
| Trade debts44 | €37,147 | €59,342 | €21,192 | €8,560 | €22,628 | ▲ 164% |
| Suppliers440/4 | - | €59,342 | €21,192 | €8,560 | €22,628 | ▲ 164% |
| Taxes, remuneration and social security45 | - | €43,693 | €45,518 | €36,791 | €24,108 | ▼ 34.5% |
| Taxes450/3 | - | €43,693 | €45,518 | €36,791 | €24,108 | ▼ 34.5% |
| Other amounts payable47/48 | - | €2,294 | €3,869 | €3,640 | €986 | ▼ 72.9% |
| Accrued charges and deferred income492/3 | - | €9,541 | €752 | €57,413 | €9,898 | ▼ 82.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,212 | €69,938 | €132,853 | €55,767 | €86,232 | ▲ 54.6% |
| + Depreciation and write-downs630 | €2,954 | €2,697 | €12,915 | €2,885 | €12,708 | ▲ 341% |
| Operating cash flow (approximation) | €33,166 | €72,635 | €145,768 | €58,652 | €98,940 | ▲ 68.7% |
| Investment in fixed assets (approximation) | - | -€6,245 | -€13,090 | €0 | -€91,377 | - |
| Change in cash | - | -€34,037 | €153,177 | €124,829 | -€44,529 | ▼ 136% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €30,212 ▼58.7%
Net result drops to €30,212, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1mEq €1.1m ▲7.4%
2 profitable years in a row build equity to €1.1m.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Wellen · 1 establishment unit since 2002
Ground area
1,367 m²
Building footprint
629 m²
Volume, LiDAR
1,955 m³
Parcel 73029A0013/00R000, Flanders · tallest building 10.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PALRACO
since 20022.096.002.724
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73029A0013/00R000 | Flanders | 1,367 m² | 1 · 629 m² | 10.8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWellen2.096.002.724
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Of 1,188 companies in sector 77399 we hold annual accounts for 711. 446 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
Founded07-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
46349Wholesale of beverages, general range
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477488735
Also
9925:BE0477488735
Registered
20-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.