PALS
ActiveSummary
PALS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €507,674 and a net result of €74,240. Equity is growing by ~7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.5% (low).
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Signals
This company filed its last 7 accounts on average 33 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 17,792 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €15,000 | €1,500 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,654 | €14,114 | €11,662 | €12,502 | €15,100 | ▲ 20.8% |
| Other operating charges640/8 | - | €1,616 | €740 | €424 | €861 | ▲ 103% |
| Gross operating margin9900 | €147,579 | €133,508 | €103,295 | €86,389 | €100,576 | ▲ 16.4% |
| Operating profit (loss)9901 | €132,635 | €117,778 | €90,892 | €73,462 | €84,614 | ▲ 15.2% |
| Financial income75/76B | - | €19,000 | €17,091 | €20,488 | €26,641 | ▲ 30.0% |
| Recurring financial income75 | €16,799 | €19,000 | €17,091 | €20,488 | €26,641 | ▲ 30.0% |
| Financial charges65/66B | - | €2,984 | €1,258 | €3,339 | €2,121 | ▼ 36.5% |
| Recurring financial charges65 | €1,596 | €2,984 | €1,258 | €3,339 | €2,121 | ▼ 36.5% |
| Profit (loss) for the period before taxes9903 | €147,838 | €133,794 | €106,725 | €90,611 | €109,135 | ▲ 20.4% |
| Income taxes67/77 | €46,200 | €47,435 | €29,898 | €28,755 | €34,895 | ▲ 21.4% |
| Profit (loss) for the period9904 | €101,638 | €86,359 | €76,827 | €61,856 | €74,240 | ▲ 20.0% |
| Profit (loss) for the period to be appropriated9905 | €101,638 | €86,359 | €76,827 | €61,856 | €74,240 | ▲ 20.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €635,086 | €665,666 | €678,995 | €737,881 | €761,629 | ▲ 3.2% |
| Fixed assets21/28 | €40,809 | €27,974 | €52,205 | €78,854 | €63,753 | ▼ 19.1% |
| Tangible fixed assets22/27 | €20,809 | €7,974 | €32,205 | €58,854 | €43,753 | ▼ 25.7% |
| Plant, machinery and equipment23 | - | €1,412 | €1,166 | €1,998 | €1,459 | ▼ 27.0% |
| Furniture and vehicles24 | - | €6,563 | €31,040 | €56,855 | €42,294 | ▼ 25.6% |
| Financial fixed assets28 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Current assets29/58 | €594,277 | €637,692 | €626,789 | €659,027 | €697,875 | ▲ 5.9% |
| Amounts receivable after more than one year29 | - | €546,464 | €548,964 | €446,500 | €446,500 | = |
| Trade receivables290 | - | €546,464 | - | - | €446,500 | - |
| Other amounts receivable291 | - | - | €548,964 | €446,500 | - | - |
| Amounts receivable within one year40/41 | €23,016 | €62,695 | €60,814 | €206,295 | €223,145 | ▲ 8.2% |
| Other amounts receivable41 | - | €62,695 | €60,814 | €206,295 | €223,145 | ▲ 8.2% |
| Cash at bank and in hand54/58 | €22,202 | €27,381 | €13,407 | €1,338 | €13,377 | ▲ 900% |
| Deferred charges and accrued income490/1 | - | €1,152 | €3,604 | €4,895 | €14,853 | ▲ 203% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €635,086 | €665,666 | €678,995 | €737,881 | €761,629 | ▲ 3.2% |
| Equity10/15 | €446,376 | €448,108 | €524,935 | €526,791 | €507,674 | ▼ 3.6% |
| Contributions10/11 | - | €19,840 | €19,840 | €19,840 | €19,840 | = |
| Outside capital11 | - | - | €19,840 | €19,840 | €19,840 | = |
| Other1109/19 | - | - | €19,840 | €19,840 | €19,840 | = |
| Reserves13 | €426,536 | €428,268 | €505,095 | €506,951 | €487,834 | ▼ 3.8% |
| Non-distributable reserves130/1 | - | €5,580 | €5,580 | €5,580 | €5,580 | = |
| Legal reserve130 | - | - | €5,580 | €5,580 | €5,580 | = |
| Reserves not available under the articles1311 | - | €5,580 | - | - | - | - |
| Distributable reserves133 | - | €422,688 | €499,515 | €501,371 | €482,254 | ▼ 3.8% |
| Provisions and deferred taxes16 | €37,537 | €37,537 | €37,537 | €37,537 | €37,537 | = |
| Provisions for liabilities and charges160/5 | - | €37,537 | €37,537 | €37,537 | €37,537 | = |
| Pensions and similar obligations160 | - | €37,537 | €37,537 | €37,537 | €37,537 | = |
| Amounts payable17/49 | €151,173 | €180,021 | €116,522 | €173,553 | €216,418 | ▲ 24.7% |
| Amounts payable after more than one year17 | €9,318 | €1,085 | - | €50,943 | €28,515 | ▼ 44.0% |
| Financial debts170/4 | - | €1,085 | - | €50,943 | €28,515 | ▼ 44.0% |
| Amounts payable within one year42/48 | €141,855 | €178,936 | €116,522 | €122,610 | €187,903 | ▲ 53.3% |
| Current portion of amounts payable after more than one year42 | - | €49,519 | €79,925 | €7,400 | €37,484 | ▲ 407% |
| Trade debts44 | €3,921 | €6,542 | €3,858 | €2,419 | €5,128 | ▲ 112% |
| Suppliers440/4 | - | €6,542 | €3,858 | €2,419 | €5,128 | ▲ 112% |
| Taxes, remuneration and social security45 | - | €11,865 | €7,683 | €32,427 | €35,443 | ▲ 9.3% |
| Taxes450/3 | - | €11,865 | €7,683 | €32,427 | €35,443 | ▲ 9.3% |
| Other amounts payable47/48 | - | €111,011 | €25,057 | €80,364 | €109,849 | ▲ 36.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101,638 | €86,359 | €76,827 | €61,856 | €74,240 | ▲ 20.0% |
| + Depreciation and write-downs630 | €13,654 | €14,114 | €11,662 | €12,502 | €15,100 | ▲ 20.8% |
| Operating cash flow (approximation) | €115,292 | €100,473 | €88,490 | €74,358 | €89,340 | ▲ 20.1% |
| Investment in fixed assets (approximation) | - | -€1,279 | -€35,893 | -€39,150 | €0 | ▲ 100% |
| Change in cash | - | €5,179 | -€13,974 | -€12,069 | €12,040 | ▲ 200% |
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
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.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0117/00Y027 | Brussels | 143 m² | 1 · 67 m² | 12.5 m · 4 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the annual accounts to 30-06-2025 of PALS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.