Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
THE PALM BEACH from Vorst, company number BE0423051840, closed financial year 2024 with a result of € 81,952 after tax. For that financial year THE PALM BEACH recorded a gross margin of € 124,730 and equity of € -663,131. Compared with financial year 2023, the result moved from € 100,368 to € 81,952. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ -663,131
▲ € 81,952 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 81,952
▼ 18% vs 2023
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -718,907.
People and assets in 2024
€ 34,204
▲ 22% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 6,233
▼ 51% vs 2023
Of which on lease € 6,052.
Debts at end 2024
€ 1,614
▼ 78% vs 2023
Loans from banks and other lenders, long and short.
€ 4,280
▼ 22% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 7,385
▲ 20% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 112,190 | € 133,966 | € 136,770 | € 124,730 | ▼ 9% |
| Profit after taxes | € 84,454 | € 95,053 | € 100,368 | € 81,952 | ▼ 18% |
| Equity | € -940,504 | € -845,451 | € -745,082 | € -663,131 | ▲ € 81,952 |
| Total debts | € 978,375 | € 874,725 | € 802,715 | € 690,875 | ▼ 14% |
| Cash | € 678 | € 0 | € 1,242 | € 0 | ▼ 100% |
| Retained profit | € -996,280 | € -901,227 | € -800,858 | € -718,907 | ▲ € 81,952 |
| Bank debt | € 19,037 | € 13,288 | € 7,478 | € 1,614 | ▼ 78% |
| Balance sheet total | € 37,871 | € 29,274 | € 57,632 | € 27,744 | ▼ 52% |
Key figures of THE PALM BEACH, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to THE PALM BEACH?
What happened at THE PALM BEACH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 81,952 (▼ 18% vs 2023). filed late Source: NBB ↗
- Antoine Vandewiele became a director. NBB
- Etienne VANDEWIELE became a director. NBB
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 84,454 profit in 2021 to € 81,952 profit in 2024.
Paid € 488 in corporate taxes since 2021.
Best year ever: 2023, with € 100,368 profit.
A new publication or filing at THE PALM BEACH? 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
Behind THE PALM BEACH are Etienne VANDEWIELE and Antoine Vandewiele.
Directors
According to the 2024 annual accounts
Etienne VANDEWIELE
Director
since 2020
Antoine Vandewiele
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Meyerbeerstraat 61
1190 Vorst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.051.840
- VAT number
- BE 0423.051.840
- Registered office
- Meyerbeerstraat 61, 1190 Vorst
- Names & denominations
- THE PALM BEACH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 October 1982
- Peppol
- Active · Active since 2 Feb 2026
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