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't Palletje

Active
Private limited companyfounded 2004active for 22 yearsMorellestraat 1, 8750 Wingene, BelgiumKBO/BCE: BE 0863.163.507
Summary

't Palletje has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €461,729 and a net result of €22,674. Equity has been shrinking by about 2.9% per year since 2018. Its solvency ranks better than 80% of 15,439 sector peers (NACE 46, financial year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Official details

Source: KBO
Status
Active since 03-02-2004 Normal situation
Activity
Wholesale of timber NACE 46832and 1 other
Joint committees
126 Paritair Comité voor de stoffering en de houtbewerking
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2022
Establishment unit
2.135.425.207 8750 Wingene, since 17-02-2004
Financial year end
31 December
Peppol
Reachable since 07-03-2024

Board and ownership

Board
  • DE COCK PIETER - SERVICESDirector · since 13-10-2019 · permanent representative DE COCK,Pieter Johan Maria
  • BISELCODirector · permanent representative DE COCK,Bert Roger
Shareholders
  • Marnix Roosannual accounts 2017
  • BISELCO· score 512024 annual accounts of BISELCO
  • DE COCK PIETER - SERVICES2025 annual accounts of DE COCK PIETER - SERVICES

Financial position

57 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.2%
Annual accounts 2024
Gross margin
€41,509
▼ 22.4%
Turnover
≈ €270,000
estimated
Profit
€22,674
▼ 22.5%
Equity
€461,729
▲ 0.6%
Total assets
€603,180
▼ 1.1%
  • 2025 accounts not filed, 93 days past the deadline
Filed on 31-08-2025
Score breakdownraises riskCapped at 59: a confirmed filing finding1 change of registered office in 24 monthsFigures for financial year 2024 (filed on 05-09-2025)lowers riskFounded in 2004Liquidity: current ratio 8.68, cash €172,854Show the evidence

Checked score

Score 2024
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 70% of micro companies in wholesale trade (NACE 46)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2023
Strong
Solvency 100=
equity 76.5% of total assets
Liquidity 86+15
short-term debt 10.1% · cash 28.7%
Profitability 73-2
return on assets 3.8%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▲ +0.1 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.1%▼ -0.3 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026lowest value 07-2026: 0.3%▲ +0.2 percentage points vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.7%▲ +0.2 percentage points vs 08-2026 10-2026: 1.2%▲ +0.5 percentage points vs 09-2026highest value 11-2026: 1.2%● unchanged vs 10-2026highest value
Credit of up to €25,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 8.68 (9.08 in 2023), above the usual 1.5. Short-term debt is 10.1% and cash 28.7% of total assets. 23.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 86% on liquidity, 60% on profitability and 43% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Figures for financial year 2024 (filed on 05-09-2025)
NBB · annual accounts
lowers risk · Founded in 2004
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 8.68, cash €172,854
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
raises risk · 2024 accounts filed 31 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
31 days late
2023
98 days late
2022
31 days late
2021
30 days late
2020
24 days late
2019
140 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 59 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More equity than 91% of companies in wholesale tradesector median €56,414 · 15,474 companies €461,729 View

Comparable companies

These companies have the same main activity as 't Palletje: wholesale of timber (NACE 46832). They are comparable in size and age: total assets between €400,000 and €977,000, founded between 1999 and 2007.

CompanyTotal assetsGross margin
't Palletje Wingene€603,180€41,509
NEXIM Zonhoven€690,008€41,751
T.T.B. HOUT Merchtem€661,744€41,990
Hout-Zagerij Van De Walle Zulte€653,575€47,665
JO COLEMONT Nieuwerkerken (Limb.)€441,171€36,127
DOUR VANCAU Dour€976,860€48,192
HOUTHANDEL CLAESEN Tongeren-Borgloon€399,820€54,560
Full comparison

Key facts about 't Palletje

What is the company number of 't Palletje?
The company number of 't Palletje is 0863.163.507. The VAT number is the same number with BE in front: BE 0863.163.507.
Where is 't Palletje based?
The registered office is at Morellestraat 1, 8750 Wingene.Company details
What does 't Palletje do?
According to the KBO register, the main activity is wholesale of timber (NACE 46832).
What is the legal form of 't Palletje?
The legal form of 't Palletje is Private limited company (BV).
When was 't Palletje founded?
't Palletje was founded on 03-02-2004.
Is 't Palletje still active?
Yes, 't Palletje is an active enterprise in the KBO register.
How many employees does 't Palletje have?
't Palletje had an average of 1 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
Which joint committee does 't Palletje fall under?
In its 2022 annual accounts, 't Palletje states joint committees 126 (Paritair Comité voor de stoffering en de houtbewerking) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of 't Palletje?
The turnover in financial year 2024 is ≈ €270,000. This figure is estimated from the gross margin of €41,509 and 94 comparable companies (NACE 46). It probably lies between €140,000 and €510,000.
Is 't Palletje profitable?
In financial year 2024, 't Palletje made a profit of €22,674.
Where can I find the annual accounts of 't Palletje?
't Palletje filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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