Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
T. PALM from Theux, company number BE0416451583, closed financial year 2025 with a result of € 50,193 after tax. For that financial year T. PALM recorded revenue of € 29.2 million and equity of € 5.1 million. Compared with financial year 2024, the result moved from € -410,270 to € 50,193. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 5.1 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 50,193
▲ still € 410,270 loss in 2024
Profit after tax over the fiscal year.
€ 736,084
▲ € 574,449 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 € -1.1 million.
People and assets in 2025
170
▼ 8.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 9.3 million
▲ 3% vs 2024
€ 54,700 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.
€ 43,921
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 14.3 million
▲ 9% vs 2024
€ 717,232 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 5.5 million
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 94 days on average.
€ 1 million
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 33,602,391 | € 34,384,179 | € 33,989,180 | € 29,155,528 | ▼ 14% |
| Profit after taxes | € 954,161 | € 437,723 | € -410,270 | € 50,193 | ▲ € 460,463 |
| Equity | € 4,257,186 | € 4,677,388 | € 4,267,118 | € 5,127,311 | ▲ 20% |
| Total debts | € 26,124,501 | € 23,745,633 | € 20,194,694 | € 21,878,164 | ▲ 8% |
| Cash | € 2,219,234 | € 943,706 | € 161,635 | € 736,084 | ▲ € 574,449 |
| Land & buildings | € 8,632,462 | € 8,214,401 | € 7,798,852 | € 7,382,573 | ▼ 5% |
| Retained profit | € -4,208,370 | € -3,788,168 | € -4,198,438 | € -1,148,245 | ▲ € 3.1 million |
| Bank debt | € 12,026,103 | € 10,647,594 | € 13,130,646 | € 14,299,626 | ▲ 9% |
| Balance sheet total | € 32,458,116 | € 30,103,918 | € 25,879,177 | € 28,228,815 | ▲ 9% |
| Employees (FTE) | 208.4 | 187 | 178.3 | 170 | ▼ 8.3 |
Key figures of T. 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 T. PALM?
What happened at T. PALM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- OLDICO SRL stepped down as director. NBB
- D.A.R.E. CONSULTING SRL stepped down as director. NBB
- SPARAXIS SA stepped down as director. NBB
- IMMO 5.0 SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 50,193. Source: NBB ↗
- D.A.R.E. CONSULTING SRL became a director. NBB
- OLDICO SRL became a director. NBB
- IMMO 5.0 SRL became a director. NBB
In short
From € 954,161 profit in 2022 to € 50,193 profit in 2025.
Paid € 61,782 in corporate taxes since 2022.
Best year ever: 2022, with € 954,161 profit.
Pays suppliers within 94 days on average.
A new publication or filing at T. PALM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of T. PALM MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
T. PALMThe shares are held by T. PALM MANAGEMENT (100%).
Directors
According to the 2025 annual accounts
Director · represented by Olivier SERVAIS
Also active at: Metal Deploye Belge, Moyens Industriels pour le Contrôle de l'Environnement, DALEMANS S.A., PHIMA, T. PALM INTERNATIONAL LUXEMBOURG, T. PALM MANAGEMENT, T.PALM HOLDING, H84 +2 more
since 2024 · until 2029
Director · represented by Frédéric Tiberghien-Dumolein
Also active at: FOUNTAIN, T. PALM MANAGEMENT, REALCO, Javry, CIKISI, BIOCAP & CO, POY GROUP
since 2024 · until 2029
Director · represented by Frédéric PETITJEAN
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +223 more
since 2023 · until 2029
Managing director · represented by Thami LARAKI
Also active at: PHIMA, T. PALM INTERNATIONAL LUXEMBOURG, T. PALM MANAGEMENT, T.PALM HOLDING, H84
since 2024 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Armand Enkart 38
4910 Theux
Rue Armand Enkart 40
4910 Theux
Active since 1 November 1976
Recogne,Rue de Neufchâteau 46
6800 Libramont-Chevigny
Active since 1 January 1992
Chaussée de Huy 312
1325 Chaumont-Gistoux
Active since 1 January 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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.
Details
- Company number
- 0416.451.583
- VAT number
- BE 0416.451.583
- Registered office
- Rue Armand Enkart 38, 4910 Theux
- Names & denominations
- T. PALM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 October 1976
- Peppol
- Active · Active since 8 Oct 2025
- Activities · NACE
Algemene bouw van residentiële gebouwen
Bouwen van individuele huizen
Dakwerkzaamheden
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Overige gespecialiseerde bouwactiviteiten, neg
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2
+7