PALWIN
InactiveOverview
Overview
Official details
Source: KBO- Status
- Inactive Normal situation
- Legal form
- Private limited company
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Reachable since 13-01-2025
Board and ownership
Last known board
- PALMANS JelleDirector · until 2026
- WINTERS EstherDirector · until 2026
Financial position
No score
Annual accounts 2025
- Gross margin
- €23,268
- ▼ 67.4%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €10,306
- ▼ 80.4%
- Equity
- €78,957
- ▼ 2.1%
- Total assets
- €91,696
- ▼ 17.7%
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 16-03-2026 PDF all 3 filings
Turnover
≈ €180,000
Estimated: probably between €81,000 and €430,000
Total assets
€91,696▼ 17.7%
2024 · €111,366
Net result
€10,306▼ 80.4%
2024 · €52,505
Working capital
€67,836▲ 3.9%
2024 · €65,284
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€9,959
▼ 85.0%
2025
20232025
Net result
€10,306
▼ 80.4%
2025
20232025
Equity
€78,957
▼ 2.1%
2025
20232025
Total assets
€91,696
▼ 17.7%
2025
20232025
Debt
€12,740
▼ 58.5%
2025
20232025
Working capital
€67,836
▲ 3.9%
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€71,087-€66,574▼ 6.3%€9,959▼ 85.0%
Net result€56,147-€52,505▼ 6.5%€10,306▼ 80.4%
Equity€28,147-€80,651▲ 187%€78,957▼ 2.1%
Total assets€64,258-€111,366▲ 73.3%€91,696▼ 17.7%
Debt€36,111-€30,715▼ 14.9%€12,740▼ 58.5%
Working capital€11,873-€65,284▲ 450%€67,836▲ 3.9%
The operating result for 2025 is 85% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91,696
Fixed assets
€11,121 ▼ 27.6%
Current assets
€80,575 ▼ 16.1%
Equity and liabilities €91,696
Equity
€78,957 ▼ 2.1%
Debt
€12,740 ▼ 58.5%
Debt's share of the balance-sheet total falls from 27.6% to 13.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14,205▼
2024 · €70,310
Cash flow
€14,552▼
2024 · €56,240
Current ratio
6.32▲
2024 · 3.13
Debt to equity
0.16▼
2024 · 0.38
ROE
13.1%▼
2024 · 65.1%
ROA
11.2%▼
2024 · 47.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€12,740▼
2024 · €30,715
Income taxes
€357▼
2024 · €14,216
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €18,402 | €2,829 | - |
| Depreciation and write-downs of the year | €2,127 | €3,736 | €4,246 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,127 | €3,736 | €4,246 | ▲ 13.7% |
| Other operating charges640/8 | €1,162 | €1,042 | €798 | ▼ 23.4% |
| Non-recurring operating charges66A | - | - | €8,264 | - |
| Gross operating margin9900 | €74,376 | €71,352 | €23,268 | ▼ 67.4% |
| Operating profit (loss)9901 | €71,087 | €66,574 | €9,959 | ▼ 85.0% |
| Financial income75/76B | €9 | €218 | €705 | ▲ 223% |
| Recurring financial income75 | €9 | €218 | €705 | ▲ 223% |
| Financial charges65/66B | €49 | €71 | €1 | ▼ 98.1% |
| Recurring financial charges65 | €49 | €71 | €1 | ▼ 98.1% |
| Profit (loss) for the period before taxes9903 | €71,047 | €66,721 | €10,662 | ▼ 84.0% |
| Income taxes67/77 | €14,900 | €14,216 | €357 | ▼ 97.5% |
| Profit (loss) for the period9904 | €56,147 | €52,505 | €10,306 | ▼ 80.4% |
| Profit (loss) for the period to be appropriated9905 | €56,147 | €52,505 | €10,306 | ▼ 80.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €64,258 | €111,366 | €91,696 | ▼ 17.7% |
| Fixed assets21/28 | €16,274 | €15,367 | €11,121 | ▼ 27.6% |
| Tangible fixed assets22/27 | €16,274 | €15,367 | €11,121 | ▼ 27.6% |
| Plant, machinery and equipment23 | €11,743 | €11,836 | €8,590 | ▼ 27.4% |
| Furniture and vehicles24 | €4,532 | €3,532 | €2,532 | ▼ 28.3% |
| Current assets29/58 | €47,984 | €95,999 | €80,575 | ▼ 16.1% |
| Amounts receivable after more than one year29 | - | - | €76,247 | - |
| Other amounts receivable291 | - | - | €76,247 | - |
| Amounts receivable within one year40/41 | €15,134 | €64,705 | €2,187 | ▼ 96.6% |
| Trade receivables40 | €15,125 | €28,940 | €0 | ▼ 100% |
| Other amounts receivable41 | €9 | €35,765 | €2,187 | ▼ 93.9% |
| Cash at bank and in hand54/58 | €32,081 | €30,489 | €852 | ▼ 97.2% |
| Deferred charges and accrued income490/1 | €768 | €805 | €1,289 | ▲ 60.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €64,258 | €111,366 | €91,696 | ▼ 17.7% |
| Equity10/15 | €28,147 | €80,651 | €78,957 | ▼ 2.1% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €27,147 | €79,651 | €77,957 | ▼ 2.1% |
| Distributable reserves133 | €27,147 | €79,651 | €77,957 | ▼ 2.1% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €36,111 | €30,715 | €12,740 | ▼ 58.5% |
| Amounts payable within one year42/48 | €36,111 | €30,715 | €12,740 | ▼ 58.5% |
| Trade debts44 | €1,719 | €11,420 | €399 | ▼ 96.5% |
| Suppliers440/4 | €1,719 | €11,420 | €399 | ▼ 96.5% |
| Taxes, remuneration and social security45 | €31,017 | €19,294 | €340 | ▼ 98.2% |
| Taxes450/3 | €31,017 | €16,794 | €340 | ▼ 98.0% |
| Remuneration and social security454/9 | - | €2,500 | €0 | ▼ 100% |
| Other amounts payable47/48 | €3,375 | €0 | €12,000 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,147 | €52,505 | €10,306 | ▼ 80.4% |
| + Depreciation and write-downs630 | €2,127 | €3,736 | €4,246 | ▲ 13.7% |
| Operating cash flow (approximation) | €58,274 | €56,240 | €14,552 | ▼ 74.1% |
| Investment in fixed assets (approximation) | - | -€2,829 | €0 | - |
| Change in cash | - | -€1,592 | -€29,637 | ▼ 1,761% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
No change since 2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 31-01-2023Owners and capital
Shareholders
At incorporation
act of 31-01-2023 ↗
- PALMANS Jelle 50 shares (50%) · €500
- WINTERS Esther 50 shares (50%) · €500
Capital transactions
Capital over time
- 31-01-2023 Incorporation · €1,000 · 100 shares
Mandate history
2 people, 0 in office
- Board
| Name | Functions and periods |
|---|---|
| PALMANS Jelle |
|
| WINTERS Esther |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 31-01-2023 (in Dutch)
Network & group
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
WINPAL
Shared director
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
27-07
Gazette deed
Dissolution with immediate closure of the liquidationResignations: PALMANS Jelle (director) and WINTERS Esther (director) · Permanent representative: VYNCKE Filip · Auditor report14 points ▸
Gazette deed
Dissolution with immediate closure of the liquidation
Resignations: PALMANS Jelle (director) and WINTERS Esther (director) · Permanent representative: VYNCKE Filip · Auditor report14 points ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Other provision, “approval of board report”, 23-06-2026 (deed in Dutch)
- Auditor report, “A01312”, 1006.702.028 (deed in Dutch)
- Dissolution, “eenparigheid van stemmen, in één akte” (deed in Dutch)
- Director resignation, PALMANS Jelle (director)
- Director resignation, WINTERS Esther (director)
- Other provision, “debts repaid or consigned” (deed in Dutch)
- Asset distribution, “van rechtswege, pro rata hun aandelenbezit” (deed in Dutch)
- Liquidation closure, “vennootschap ophoudt te bestaan, afgesloten” (deed in Dutch)
- Power of attorney, PALMANS Jelle
- Power of attorney, WINTERS Esther
- Power of attorney, CONVIRIBUS
- The act holds 2 more points.
16-03
micro format · 137 days before the deadline
2025
31-12
Financial
Weakest financial yearnet €10,306 ▼80.4%
The net result drops to €10,306, the lowest from 2023 to 2025.
31-12
Financial
Liquidity doublescurrent ratio 6.32
The current ratio rises from 3.13 to 6.32. Short-term debt falls from €30,715 to €12,740.
27-08
micro format · 27 days late
2024
31-12
Financial
Liquidity more than doubledcurrent ratio 3.13
The current ratio rises from 1.33 to 3.13. Short-term debt falls from €36,111 to €30,715.
30-08
micro format · 30 days late
2023
31-01
Gazette deed
IncorporationStarting capital €1,000 · Appointments: PALMANS Jelle (director) and WINTERS Esther (director) · Founder16 points ▸
Gazette deed
Incorporation
Starting capital €1,000 · Appointments: PALMANS Jelle (director) and WINTERS Esther (director) · Founder16 points ▸
- Incorporation, “PALWIN” (deed in Dutch)
- Founder, PALMANS Jelle
- Founder, WINTERS Esther
- Founding capital, €1,000
- Bank account, “bijzondere rekening, besloten vennootschap in oprichting” (deed in Dutch)
- Other provision, 25-01-2023
- Other provision, “vaststelling statuten” (deed in Dutch)
- Registered office clause, “Vlaamse Gewest, 3990 Peer,Grotstraat 36” (deed in Dutch)
- Board rule, 2
- Director appointment, PALMANS Jelle (director (not named in the articles))
- Director appointment, WINTERS Esther (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- The act holds 4 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Inactive since July 2026
PALWIN has not been in the KBO register since 16 July 2026.
- Status
- Inactiveout of the register since 16 July 2026
- Last annual accounts
- financial year to 31 December 2025
- Last registered office
- Grotstraat 36, 3990 Peeras published on 27 July 2026
- Legal form
- Private limited company
- Active since
- 27 January 2023
Purpose, financial year and meetings according to the articles of association
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaamse Gewest, overbrenging naar om het even welke plaats in tweetalig gebied Brussel Hoofdstad of Nederlands taalgebied door eenvoudige…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Tuesday of June at 15:00
Articles of association, deed of 31-01-2023 (in Dutch)
Sites & property
Location
Buildings and parcels at the address
Ground area
855 m²
Building footprint
159 m²
Building volume
1,075 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72030E0447/00X000 | Flanders | 855 m² | 1 · 159 m² | 10.7 m · 2 |