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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
PALMO from Opwijk, company number BE0436818912, closed financial year 2025 with a result of € -11,880 after tax. For that financial year PALMO recorded revenue of € 14,456 and equity of € 34,093. Compared with financial year 2024, the result moved from € -77,247 to € -11,880. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 34,093
▼ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,880
▲ 85 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,398
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4,346.
People and assets in 2025
€ 1,580
▲ € 1,406 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,794
▲ € 1,744 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 45,805 | - | € 20,243 | € 14,456 | ▼ 29% |
| Gross margin | € 18,775 | € 1,286 | € -2,499 | € -6,955 | ▼ € 4,456 |
| Profit after taxes | € 8,501 | € -7,233 | € -77,247 | € -11,880 | ▲ € 65,367 |
| Equity | € 130,453 | € 123,220 | € 45,973 | € 34,093 | ▼ 26% |
| Total debts | € 12,322 | € 5,733 | € 50 | € 1,794 | ▲ € 1,744 |
| Cash | € 16,591 | - | € 10,101 | € 1,398 | ▼ 86% |
| Retained profit | € 100,706 | € 93,473 | € 16,225 | € 4,346 | ▼ 73% |
| Dividend | € 1,500 | € 0 | € 0 | € 0 | |
| Bank debt | € 0 | € 1,094 | € 0 | € 0 | |
| Balance sheet total | € 142,775 | € 128,953 | € 46,023 | € 35,887 | ▼ 22% |
Key figures of PALMO, 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 PALMO?
What happened at PALMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11,880. Source: NBB ↗
- New establishment in Opwijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,501 profit in 2022 to € 11,880 loss in 2025.
Paid € 2,942 in corporate taxes since 2022.
Best year ever: 2022, with € 8,501 profit.
Paid out € 1,500 in dividends to the owners in total.
Establishments
Establishment units
Physical locations of this company
Bunderstraat 62
1745 Opwijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.818.912
- VAT number
- BE 0436.818.912
- Registered office
- Bunderstraat 62, 1745 Opwijk
- Names & denominations
- PALMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 March 1989
- Peppol
- Active · Active since 2 Apr 2026
- Activities · NACE
Schrijnwerk
Schrijnwerk van hout of van kunststof
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen
Vervaardiging van eetkamer-, zitkamer- en slaapkamermeubelen