Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Emil Palm from Büllingen, company number BE0414299074, closed financial year 2025 with a result of € 387 after tax. For that financial year Emil Palm recorded a gross margin of € 3 million and equity of € 1.3 million. Compared with financial year 2024, the result moved from € -7,114 to € 387. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 1.3 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 387
▲ still € 7,114 loss in 2024
Profit after tax over the fiscal year.
€ 158,289
▼ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 721,726.
People and assets in 2025
45
▼ 3.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▼ 4% vs 2024
€ 58,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 185,052
▲ 110% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.2 million
▲ 14% vs 2024
€ 198,550 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 995,181
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 308,995
▼ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,375,229 | € 3,017,668 | € 3,122,146 | € 2,984,085 | ▼ 4% |
| Profit after taxes | € 1,580 | € 16,373 | € -7,114 | € 387 | ▲ € 7,501 |
| Equity | € 1,334,274 | € 1,386,298 | € 1,351,049 | € 1,341,848 | ▼ 1% |
| Total debts | € 3,466,633 | € 3,791,034 | € 3,438,704 | € 3,544,753 | ▲ 3% |
| Cash | € 226,403 | € 11,186 | € 439,478 | € 158,289 | ▼ 64% |
| Land & buildings | € 945,991 | € 1,060,499 | € 1,024,611 | € 909,916 | ▼ 11% |
| Retained profit | € 627,941 | € 672,360 | € 693,293 | € 721,726 | ▲ 4% |
| Bank debt | € 2,214,212 | € 2,246,345 | € 1,959,185 | € 2,239,317 | ▲ 14% |
| Balance sheet total | € 4,800,906 | € 5,177,331 | € 4,789,752 | € 4,886,602 | ▲ 2% |
| Employees (FTE) | 41.4 | 44.1 | 48.8 | 45 | ▼ 3.8 |
Key figures of Emil Palm, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Emil Palm?
What happened at Emil Palm in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PASSYST PgmbH PGmbH stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 387. Source: NBB ↗
- New establishment in Büllingen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,580 profit in 2022 to € 387 profit in 2025.
Paid € 86,862 in corporate taxes since 2022.
Best year ever: 2023, with € 16,373 profit.
On average € 66,300 of value added per employee in 2025.
Management
The stake of BOPACO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Emil PalmThe shares are held by BOPACO (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Stephan PALM
Also active at: MOBELHAUS PALM, ID4CARE, BOPACO
· until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Morsheck 2
4760 Büllingen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Domain
Domain
wood-interior.eu
Registrar
EuroDNS S.A.
Website info
Features
Security
Details
- Company number
- 0414.299.074
- VAT number
- BE 0414.299.074
- Registered office
- Morsheck 2, 4760 Büllingen
- Names & denominations
- Emil Palm
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1974
- Peppol
- Active · Active since 4 Dec 2025
- Contact
- wood-interior.eu
- Activities · NACE
Schrijnwerk
Schrijnwerk van hout of van kunststof
Vervaardiging van eetkamer-, zitkamer- en slaapkamermeubelen
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen
Dakbedekking en bouw van dakconstructies
Detailhandel in meubels
Stukadoorswerk
Dakwerkzaamheden
+4