Palumbo
ActiveSummary
Palumbo has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €485,879. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+13
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 15.03 against 24.62 in 2024; short-term debt: 6.3% and cash: 79.5% of total assets), and 6.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.7%
Return on assets
25%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
18 d late
2023
19 d late
2022
28 d late
2021
10 d late
2020
31 d late
2019
36 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 25 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by equity in Seraing, Construction sector#5 oldest company in Seraing, Construction sector#9 company by total assets in Seraing, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€485,879▲ 89.6%
2024 · €256,229
Working capital
€1.7m▲ 7.1%
2024 · €1.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20212022202320242025
Operating result€300,845▲ 26.7%€349,069▲ 16.0%€422,806▲ 21.1%€340,236▼ 19.5%€644,705▲ 89.5%
Net result€217,189above the sector's middle half▲ 16.6%€249,583above the sector's middle half▲ 14.9%€317,226above the sector's middle half▲ 27.1%€256,229above the sector's middle half▼ 19.2%€485,879above the sector's middle half▲ 89.6%
Equity€1.0mabove the sector's middle half▲ 26.9%€1.3mabove the sector's middle half▲ 24.3%€1.6mabove the sector's middle half▲ 23.9%€1.7mabove the sector's middle half▲ 9.9%€1.8mabove the sector's middle half▲ 4.9%
Total assets€1.3mwithin the sector's middle half▲ 33.2%€1.5mwithin the sector's middle half▲ 14.5%€1.7mwithin the sector's middle half▲ 10.0%€1.8mwithin the sector's middle half▲ 8.9%€1.9mabove the sector's middle half▲ 7.8%
Debt€289,539▲ 61.5%€230,952▼ 20.2%€75,848▼ 67.2%€67,598▼ 10.9%€121,919▲ 80.4%
Working capital€973,075above the sector's middle half▲ 31.1%€1.2mabove the sector's middle half▲ 26.6%€1.5mabove the sector's middle half▲ 22.0%€1.6mabove the sector's middle half▲ 6.3%€1.7mabove the sector's middle half▲ 7.1%
Solvency78.0%above the sector's middle half▼ 3.9pp84.7%above the sector's middle half▲ 6.7pp95.4%above the sector's middle half▲ 10.8pp96.3%above the sector's middle half▲ 0.8pp93.7%above the sector's middle half▼ 2.5pp
Current ratio4.45above the sector's middle half▼ 0.966.42above the sector's middle half▲ 1.9720.81above the sector's middle half▲ 14.3924.62above the sector's middle half▲ 3.8115.03above the sector's middle half▼ 9.59
Return on assets (ROA)16.5%above the sector's middle half▼ 2.3pp16.6%above the sector's middle half▲ 0.1pp19.2%above the sector's middle half▲ 2.6pp14.2%above the sector's middle half▼ 5.0pp25.0%above the sector's middle half▲ 10.8pp
Staff (FTE)6.9within the sector's middle half▼ 9.2%6.4within the sector's middle half▼ 7.2%7within the sector's middle half▲ 9.4%8within the sector's middle half▲ 14.3%7within the sector's middle half▼ 12.5%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +90% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 89% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€112,479 ▼ 19.6%
Current assets
€1.8m ▲ 10.1%
Equity and liabilities €1.9m
Equity
€1.8m ▲ 4.9%
Debt
€121,919 ▲ 80.4%
Debt's share of the balance-sheet total rises from 3.7% to 6.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€672,115▲
2024 · €367,646
Cash flow
€513,289▲
2024 · €283,639
Quick ratio
14.48▼
2024 · 23.56
Debt to equity
0.07▲
2024 · 0.04
ROE
26.7%▲
2024 · 14.8%
Interest coverage
3327.30▲
2024 · 115.14
Debt ≤ 1 year
€121,919▲
2024 · €67,598
Income taxes
€174,578▲
2024 · €83,994
Staff costs
€384,385▼
2024 · €391,218
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
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 497,662 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% | 1.7% |
| 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 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €366,211 | €344,743 | €382,964 | €391,218 | €384,385 | ▼ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,283 | €12,572 | €17,255 | €27,410 | €27,410 | = |
| Other operating charges640/8 | €10,594 | €10,427 | €12,653 | €14,015 | €13,200 | ▼ 5.8% |
| Gross operating margin9900 | €694,933 | €716,811 | €835,678 | €772,879 | €1.1m | ▲ 38.4% |
| Operating profit (loss)9901 | €300,845 | €349,069 | €422,806 | €340,236 | €644,705 | ▲ 89.5% |
| Financial income75/76B | €635 | €196 | €4,588 | €3,180 | €15,954 | ▲ 402% |
| Recurring financial income75 | €635 | €196 | €4,588 | €3,180 | €15,954 | ▲ 402% |
| Financial charges65/66B | €949 | €779 | €469 | €3,193 | €202 | ▼ 93.7% |
| Recurring financial charges65 | €949 | €779 | €469 | €3,193 | €202 | ▼ 93.7% |
| Profit (loss) for the period before taxes9903 | €300,531 | €348,486 | €426,925 | €340,223 | €660,457 | ▲ 94.1% |
| Income taxes67/77 | €83,342 | €98,903 | €109,699 | €83,994 | €174,578 | ▲ 108% |
| Profit (loss) for the period9904 | €217,189 | €249,583 | €317,226 | €256,229 | €485,879 | ▲ 89.6% |
| Profit (loss) for the period to be appropriated9905 | €217,189 | €249,583 | €317,226 | €256,229 | €485,879 | ▲ 89.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.5m | €1.7m | €1.8m | €1.9m | ▲ 7.8% |
| Fixed assets21/28 | €60,074 | €47,503 | €77,735 | €139,889 | €112,479 | ▼ 19.6% |
| Tangible fixed assets22/27 | €47,336 | €34,765 | €64,997 | €127,151 | €99,741 | ▼ 21.6% |
| Land and buildings22 | €27,007 | €27,007 | €27,007 | €27,007 | €27,007 | = |
| Furniture and vehicles24 | €12,050 | €3,618 | €37,990 | €100,144 | €72,734 | ▼ 27.4% |
| Leasing and similar rights25 | €8,279 | €4,140 | - | - | - | - |
| Financial fixed assets28 | €12,738 | €12,738 | €12,738 | €12,738 | €12,738 | = |
| Current assets29/58 | €1.3m | €1.5m | €1.6m | €1.7m | €1.8m | ▲ 10.1% |
| Stocks and contracts in progress3 | €58,790 | €48,843 | €61,693 | €71,840 | €66,219 | ▼ 7.8% |
| Stocks30/36 | €58,790 | €48,843 | €61,693 | €71,840 | €66,219 | ▼ 7.8% |
| Amounts receivable within one year40/41 | €236,163 | €268,181 | €338,520 | €350,918 | €219,656 | ▼ 37.4% |
| Trade receivables40 | €236,163 | €237,571 | €295,390 | €305,907 | €211,553 | ▼ 30.8% |
| Other amounts receivable41 | - | €30,610 | €43,130 | €45,011 | €8,103 | ▼ 82.0% |
| Cash at bank and in hand54/58 | €958,780 | €1.1m | €1.2m | €1.2m | €1.5m | ▲ 24.5% |
| Deferred charges and accrued income490/1 | €1,341 | €16,935 | €5,989 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.5m | €1.7m | €1.8m | €1.9m | ▲ 7.8% |
| Equity10/15 | €1.0m | €1.3m | €1.6m | €1.7m | €1.8m | ▲ 4.9% |
| Contributions10/11 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Reserves13 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Non-distributable reserves130/1 | €12,395 | €12,395 | - | - | - | - |
| Reserves not available under the articles1311 | €12,395 | €12,395 | - | - | - | - |
| Tax-exempt reserves132 | €57,093 | €57,093 | €57,093 | €57,093 | €57,093 | = |
| Distributable reserves133 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Profit (loss) carried forward14 | -€367,826 | -€118,243 | €186,872 | €343,101 | €428,980 | ▲ 25.0% |
| Amounts payable17/49 | €289,539 | €230,952 | €75,848 | €67,598 | €121,919 | ▲ 80.4% |
| Amounts payable after more than one year17 | €7,540 | €3,909 | - | - | - | - |
| Financial debts170/4 | €7,540 | €3,909 | - | - | - | - |
| Amounts payable within one year42/48 | €281,999 | €227,043 | €75,848 | €67,598 | €121,919 | ▲ 80.4% |
| Current portion of amounts payable after more than one year42 | €3,547 | €3,631 | €3,909 | - | - | - |
| Trade debts44 | €102,964 | €77,297 | €25,097 | €29,330 | €22,063 | ▼ 24.8% |
| Suppliers440/4 | €102,964 | €77,297 | €25,097 | €29,330 | €22,063 | ▼ 24.8% |
| Taxes, remuneration and social security45 | €166,568 | €135,463 | €25,911 | €24,914 | €83,965 | ▲ 237% |
| Taxes450/3 | €144,540 | €124,038 | €4,224 | €2,668 | €68,184 | ▲ 2,456% |
| Remuneration and social security454/9 | €22,028 | €11,425 | €21,687 | €22,246 | €15,781 | ▼ 29.1% |
| Other amounts payable47/48 | €8,920 | €10,652 | €20,931 | €13,354 | €15,891 | ▲ 19.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €217,189 | €249,583 | €317,226 | €256,229 | €485,879 | ▲ 89.6% |
| + Depreciation and write-downs630 | €17,283 | €12,572 | €17,255 | €27,410 | €27,410 | = |
| Operating cash flow (approximation) | €234,472 | €262,155 | €334,481 | €283,639 | €513,289 | ▲ 81.0% |
| Investment in fixed assets (approximation) | - | -€1 | -€47,487 | -€89,564 | €0 | ▲ 100% |
| Change in cash | - | €165,902 | €47,536 | €69,269 | €304,493 | ▲ 340% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €485,879 ▲89.6%
Operating result €644,705, net result €485,879, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 20.81
Current ratio from 6.42 to 20.81; short-term debt falls from €227,043 to €75,848.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 10 days late
2021
31-12
Financial
Equity above €1mEq €1.0m ▲26.9%
4 profitable years in a row build equity to €1.0m.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
05-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 36 days late
2019
31-12
Financial
Weakest financial yearnet €72,974 ▼0.3%
Net result drops to €72,974, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Seraing · 1 establishment unit since 1977
Ground area
1,784 m²
Building footprint
291 m²
Parcel 62019B0390/00C000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Mozart 43, 4100 Seraing
since 19772.013.548.566
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62019B0390/00C000 | Wallonia | 1,783 m² | 1 · 291 m² | - |
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
Recognised contractor
3 categoriesPalumbo SRL16713
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 2,198 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
Founded01-10-1976
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0416651523
Also
9925:BE0416651523
Registered
11-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.