Palverpan
ActiveSummary
The computed 12-month bankruptcy probability of Palverpan is 1.7% (moderate). The 2025 annual accounts show equity of €42k and a net result of €-30k. Equity is shrinking by ~22.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 32% of 13417 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-3
Solvency33▼-5
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.91 in 2024; short-term debt: 42% of total assets), and 91.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
8.5%
Return on assets
-5.9%
Age of the figures
12 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 €-30k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
1 d early
2021
3 d early
2020
on the day
2019
114 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▼ 41.1%
2024 · €72k
2018: €49k
2019: €184k▲ +278% vs 2018
2020: €203k▲ +10.2% vs 2019highest in 8 years
2021: €181k▼ -10.8% vs 2020
2022: €133k▼ -26.9% vs 2021
2023: €102k▼ -23.2% vs 2022
2024: €72k▼ -29.2% vs 2023
2025: €42k▼ -41.1% vs 2024lowest in 8 years
2018 → 2025
Total assets
€501k▼ 12.1%
2024 · €570k
2018: €352k
2019: €332k▼ -5.6% vs 2018lowest in 8 years
2020: €964k▲ +190% vs 2019highest in 8 years
2021: €805k▼ -16.5% vs 2020
2022: €720k▼ -10.6% vs 2021
2023: €643k▼ -10.7% vs 2022
2024: €570k▼ -11.4% vs 2023
2025: €501k▼ -12.1% vs 2024
2018 → 2025
Net result
€-30k▲ 0.4%
2024 · €-30k
2018: €2k
2019: €145k▲ +6410% vs 2018highest in 8 years
2020: €19k▼ -87.0% vs 2019
2021: €-22k▼ -217% vs 2020
2022: €-49k▼ -121% vs 2021lowest in 8 years
2023: €-31k▲ +37.0% vs 2022
2024: €-30k▲ +3.0% vs 2023
2025: €-30k▲ +0.4% vs 2024
2018 → 2025
Working capital
€-74k▼ 319%
2024 · €-18k
2018: €-273klowest in 8 years
2019: €-131k▲ +52.0% vs 2018
2020: €-214k▼ -63.5% vs 2019
2021: €80k▲ +137% vs 2020highest in 8 years
2022: €70k▼ -12.8% vs 2021
2023: €45k▼ -35.5% vs 2022
2024: €-18k▼ -139% vs 2023
2025: €-74k▼ -319% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€181k-€133k▼ 26.9%€102k▼ 23.2%€72k▼ 29.2%€42k▼ 41.1%
2021: €181khighest in 5 years
2022: €133k▼ -26.9% vs 2021
2023: €102k▼ -23.2% vs 2022
2024: €72k▼ -29.2% vs 2023
2025: €42k▼ -41.1% vs 2024lowest in 5 years
Operating result€-13k-€-42k▼ 209%€-23k▲ 44.1%€-19k▲ 17.3%€-22k▼ 13.1%
2021: €-13khighest in 5 years
2022: €-42k▼ -209% vs 2021lowest in 5 years
2023: €-23k▲ +44.1% vs 2022
2024: €-19k▲ +17.3% vs 2023
2025: €-22k▼ -13.1% vs 2024
Net result€-22k-€-49k▼ 121%€-31k▲ 37.0%€-30k▲ 3.0%€-30k▲ 0.4%
2021: €-22khighest in 5 years
2022: €-49k▼ -121% vs 2021lowest in 5 years
2023: €-31k▲ +37.0% vs 2022
2024: €-30k▲ +3.0% vs 2023
2025: €-30k▲ +0.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22k in 2025 against €19k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €501k
Fixed assets
€364k ▼ 8.0%
Current assets
€137k ▼ 21.3%
Equity and liabilities €501k
Equity
€42k ▼ 41.1%
Debt
€458k ▼ 7.9%
Debt's share of the balance-sheet total rises from 87.4% to 91.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▼
2024 · €20k
Cash flow
€5k▼
2024 · €10k
Current ratio
0.65▼
2024 · 0.91
Quick ratio
0.58▼
2024 · 0.84
Debt to equity
10.81▲
2024 · 6.91
ROE
-69.9%▼
2024 · -41.3%
ROA
-5.9%▼
2024 · -5.2%
Interest coverage
1.66▼
2024 · 1.92
Debt ≤ 1 year
€210k▲
2024 · €191k
Debt > 1 year
€243k▼
2024 · €302k
Income taxes
€3▲
2024 · €0
Staff costs
€31k▼
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€570k€501k▼
Fixed assets21/28€396k€364k▼
Intangible fixed assets21€40k€32k▼
Tangible fixed assets22/27€356k€332k▼
Land and buildings22€352k€329k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€493-
Financial fixed assets28€400€400=
Current assets29/58€174k€137k▼
Amounts receivable after more than one year29€29k€3k▼
Trade receivables290€29k€3k▼
Stocks and contracts in progress3€13k€15k▲
Stocks30/36€13k€15k▲
Amounts receivable within one year40/41€15k€3k▼
Trade receivables40€13k€2k▼
Other amounts receivable41€1k€980▼
Cash at bank and in hand54/58€3k-
Deferred charges and accrued income490/1€114k€115k▲
Equity and liabilities
Total equity and liabilities10/49€570k€501k▼
Equity10/15€72k€42k▼
Contributions10/11€30k€30k=
Reserves13€16k€16k=
Distributable reserves133€16k€16k=
Profit (loss) carried forward14€26k€-4k▼
Amounts payable17/49€498k€458k▼
Amounts payable after more than one year17€302k€243k▼
Financial debts170/4€302k€243k▼
Amounts payable within one year42/48€191k€210k▲
Current portion of amounts payable after more than one year42€80k€57k▼
Financial debts43€10k€26k▲
Credit institutions430/8€10k€26k▲
Trade debts44€24k€18k▼
Suppliers440/4€24k€18k▼
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€2k€3k▲
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€72k€105k▲
Accrued charges and deferred income492/3€4k€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€40k€31k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€35k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€63k€47k▼
Operating profit (loss)9901€-19k€-22k▼
Financial income75/76B€17€0▼
Recurring financial income75€17€0▼
Financial charges65/66B€11k€8k▼
Recurring financial charges65€11k€8k▼
Profit (loss) for the period before taxes9903€-30k€-30k▲
Income taxes67/77€0€3▲
Profit (loss) for the period9904€-30k€-30k▲
Profit (loss) for the period to be appropriated9905€-30k€-30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€-4k▼
Profit (loss) brought forward from the previous period14P€56k€26k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €32k | €43k | €32k | €40k | €31k | ▼ 23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €39k | €40k | €40k | €35k | ▼ 11.9% |
| Other operating charges640/8 | €1k | €3k | €3k | €3k | €3k | ▼ 1.5% |
| Gross operating margin9900 | €59k | €43k | €52k | €63k | €47k | ▼ 26.2% |
| Operating profit (loss)9901 | €-13k | €-42k | €-23k | €-19k | €-22k | ▼ 13.1% |
| Financial income75/76B | €277 | €695 | €17 | €17 | €0 | ▼ 99.9% |
| Recurring financial income75 | €277 | €695 | €17 | €17 | €0 | ▼ 99.9% |
| Financial charges65/66B | €9k | €8k | €7k | €11k | €8k | ▼ 25.1% |
| Recurring financial charges65 | €9k | €8k | €7k | €11k | €8k | ▼ 25.1% |
| Profit (loss) for the period before taxes9903 | €-22k | €-49k | €-31k | €-30k | €-30k | ▲ 0.4% |
| Income taxes67/77 | - | - | - | €0 | €3 | ▲ 10,033% |
| Profit (loss) for the period9904 | €-22k | €-49k | €-31k | €-30k | €-30k | ▲ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €-49k | €-31k | €-30k | €-30k | ▲ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €805k | €720k | €643k | €570k | €501k | ▼ 12.1% |
| Fixed assets21/28 | €509k | €475k | €436k | €396k | €364k | ▼ 8.0% |
| Intangible fixed assets21 | €64k | €56k | €48k | €40k | €32k | ▼ 20.0% |
| Tangible fixed assets22/27 | €445k | €419k | €387k | €356k | €332k | ▼ 6.7% |
| Land and buildings22 | €416k | €398k | €375k | €352k | €329k | ▼ 6.5% |
| Plant, machinery and equipment23 | €19k | €14k | €9k | €3k | €3k | ▼ 14.4% |
| Furniture and vehicles24 | €10k | €7k | €4k | €493 | - | - |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €296k | €245k | €207k | €174k | €137k | ▼ 21.3% |
| Amounts receivable after more than one year29 | €128k | €86k | €56k | €29k | €3k | ▼ 89.7% |
| Trade receivables290 | €128k | €86k | €56k | €29k | €3k | ▼ 89.7% |
| Stocks and contracts in progress3 | €8k | €13k | €13k | €13k | €15k | ▲ 11.5% |
| Stocks30/36 | €8k | €13k | €13k | €13k | €15k | ▲ 11.5% |
| Amounts receivable within one year40/41 | €23k | €16k | €16k | €15k | €3k | ▼ 76.5% |
| Trade receivables40 | €15k | €14k | €15k | €13k | €2k | ▼ 81.8% |
| Other amounts receivable41 | €8k | €1k | €1k | €1k | €980 | ▼ 15.8% |
| Cash at bank and in hand54/58 | €24k | €17k | €9k | €3k | - | - |
| Deferred charges and accrued income490/1 | €113k | €114k | €113k | €114k | €115k | ▲ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €805k | €720k | €643k | €570k | €501k | ▼ 12.1% |
| Equity10/15 | €181k | €133k | €102k | €72k | €42k | ▼ 41.1% |
| Contributions10/11 | €30k | €30k | €30k | €30k | €30k | = |
| Reserves13 | €16k | €16k | €16k | €16k | €16k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | €3k | - | - | - |
| Distributable reserves133 | €13k | €13k | €13k | €16k | €16k | = |
| Profit (loss) carried forward14 | €135k | €87k | €56k | €26k | €-4k | ▼ 114% |
| Amounts payable17/49 | €624k | €587k | €541k | €498k | €458k | ▼ 7.9% |
| Amounts payable after more than one year17 | €407k | €412k | €378k | €302k | €243k | ▼ 19.6% |
| Financial debts170/4 | €407k | €412k | €378k | €302k | €243k | ▼ 19.6% |
| Amounts payable within one year42/48 | €216k | €175k | €162k | €191k | €210k | ▲ 9.9% |
| Current portion of amounts payable after more than one year42 | €53k | €54k | €77k | €80k | €57k | ▼ 29.5% |
| Financial debts43 | - | - | - | €10k | €26k | ▲ 160% |
| Credit institutions430/8 | - | - | - | €10k | €26k | ▲ 160% |
| Trade debts44 | €49k | €35k | €29k | €24k | €18k | ▼ 26.0% |
| Suppliers440/4 | €49k | €35k | €29k | €24k | €18k | ▼ 26.0% |
| Taxes, remuneration and social security45 | €1k | €8k | €4k | €5k | €5k | ▼ 1.6% |
| Taxes450/3 | €1k | €5k | €2k | €2k | €3k | ▲ 42.5% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | €2k | ▼ 39.5% |
| Other amounts payable47/48 | €113k | €78k | €53k | €72k | €105k | ▲ 46.2% |
| Accrued charges and deferred income492/3 | €468 | €434 | €394 | €4k | €5k | ▲ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €-49k | €-31k | €-30k | €-30k | ▲ 0.4% |
| + Depreciation and write-downs630 | €39k | €39k | €40k | €40k | €35k | ▼ 11.9% |
| Operating cash flow (approximation) | €17k | €-9k | €9k | €10k | €5k | ▼ 46.8% |
| Investment in fixed assets (approximation) | - | €-6k | €0 | €0 | €-3k | - |
| Change in cash | - | €-7k | €-8k | €-6k | - | - |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-49k
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity quadruplescurrent ratio 1.37
Current ratio from 0.35 to 1.37; short-term debt falls from €328k to €216k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €200kEq €203k ▲10.2%
3 profitable years in a row build equity to €203k.
22-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 114 days late
2019
30-09
Financial
Highest result since 2018net €145k ▲6,410%
Operating result €47k, net result €145k, both a record.
30-09
Financial
Equity above €150kEq €184k ▲278%
2 profitable years in a row build equity to €184k.
Show earlier events
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
18-04
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 6 acts read
About the unread acts
We know of 6 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
6 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, Ieper · 1 establishment unit since 2020
Ground area
641 m²
Building footprint
194 m²
Volume, LiDAR
1,128 m³
Parcel 33026C0055/00K000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Boerenhof
since 20202.301.015.885
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33026C0055/00K000 | Flanders | 641 m² | 1 · 194 m² | 9.3 m · 2 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 siteIeper2.301.015.885
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,439 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
Founded16-05-2012
Fiscal year end30-09
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.