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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PALAWEST from Oudergem, company number BE0428019428, closed financial year 2025 with a result of € -5,655 after tax. For that financial year PALAWEST recorded a gross margin of € -4,874 and equity of € -1.1 million. Compared with financial year 2024, the result moved from € -6,806 to € -5,655. The company made a loss. 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 April 3, 2026.
€ -1.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,655
▲ 17 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,780
▲ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2 million.
Debts at end 2025
€ 273,044
Loans from banks and other lenders, long and short.
€ 2,514
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -5,986 | € -5,476 | € -5,933 | € -4,874 | ▲ € 1,058 |
| Profit after taxes | € -6,729 | € -6,262 | € -6,806 | € -5,655 | ▲ € 1,151 |
| Equity | € -1,129,305 | € -1,135,567 | € -1,142,373 | € -1,148,028 | |
| Total debts | € 1,137,879 | € 1,137,432 | € 1,143,893 | € 1,149,808 | ▲ 1% |
| Cash | € 7,893 | € 1,187 | € 1,520 | € 1,780 | ▲ 17% |
| Retained profit | € -1,953,551 | € -1,959,813 | € -1,966,619 | € -1,972,274 | |
| Bank debt | € 272,683 | € 273,044 | € 273,044 | € 273,044 | |
| Balance sheet total | € 8,574 | € 1,865 | € 1,520 | € 1,780 | ▲ 17% |
Key figures of PALAWEST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to PALAWEST?
What happened at PALAWEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Catherine BLATON stepped down as director. NBB
- Dominique BLATON stepped down as director. NBB
- Philippe BLATON stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 5,655. filed late Source: NBB ↗
- Catherine BLATON became a director. NBB
- Dominique BLATON became a director. NBB
- Philippe BLATON became a director. NBB
- New establishment in Oudergem. KBO
In short
From € 6,729 loss in 2022 to € 5,655 loss in 2025.
Management
The stake of Conceptimo comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PALAWESTThe shares are held by Conceptimo (75%).
Directors
According to the 2025 annual accounts
Catherine BLATON
Director
Also active at: Conceptimo, FINANCIERE BELGE D'INVESTISSEMENT, CBL INVEST, CENTRAL BRUSSELS INVEST
since 2024 · until 2030
Dominique BLATON
Director
Also active at: Conceptimo, FINANCIERE BELGE D'INVESTISSEMENT, DAB SMART INVEST
since 2024 · until 2030
Philippe BLATON
Director
Also active at: Conceptimo, SOCIETE DE DEVELOPPEMENT DE BATIMENTS - MAATSCHAPPIJ VOOR ONTWIKKELING VAN GEBOUWEN, IMMOBILIER, BATIMENTS ET HABITATIONS, FINANCIERE BELGE D'INVESTISSEMENT, EUROPEAN PROPERTY & BUILDING
since 2024 · until 2030
Shareholders
75%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vorstlaan 165 box 15
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →COLGATE - PALMOLIVE BELGIUM
€ 70.3 million revenue · 2025
Conceptimo same network
€ -4,702 gross margin · 2025
EDENRED BELGIUM
€ 139.2 million revenue · 2024
FEDERATION EUROPEENNE DES AEROSOLS
HILL'S PET PRODUCTS (BENELUX)
€ 31 million revenue · 2025
+9 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.019.428
- VAT number
- BE 0428.019.428
- Registered office
- Vorstlaan 165 bus 15, 1160 Oudergem
- Names & denominations
- PALAWEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 1985
- Peppol
- Active · Active since 30 Jul 2026