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 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
T. PALM MANAGEMENT from Theux, company number BE0440671790, closed financial year 2025 with a result of € 39,893 after tax. For that financial year T. PALM MANAGEMENT recorded revenue of € 871,911 and equity of € 6 million. Compared with financial year 2024, the result moved from € -45,075 to € 39,893. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 6 million
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 39,893
▲ still € 45,075 loss in 2024
Profit after tax over the fiscal year.
€ 72,096
▲ 148% 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 € -4.6 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 116,825
▲ 2% vs 2024
€ 116,800 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 261,449
▲ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 223 days on average.
€ 24,530
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 870,388 | € 885,608 | € 873,998 | € 871,911 | |
| Profit after taxes | € 118,704 | € 201,238 | € -45,075 | € 39,893 | ▲ € 84,968 |
| Equity | € 4,950,253 | € 5,151,491 | € 5,106,416 | € 5,956,309 | ▲ 17% |
| Total debts | € 7,122,161 | € 6,945,298 | € 6,822,926 | € 6,916,862 | ▲ 1% |
| Cash | € 3,314 | € 14,339 | € 29,016 | € 72,096 | ▲ 148% |
| Retained profit | € -4,763,263 | € -4,562,025 | € -4,607,101 | € -4,567,208 | ▲ € 39,893 |
| Balance sheet total | € 12,155,414 | € 12,159,056 | € 12,013,331 | € 12,957,161 | ▲ 8% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of T. PALM MANAGEMENT, 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 MANAGEMENT?
What happened at T. PALM MANAGEMENT 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 € 39,893. 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 € 118,704 profit in 2022 to € 39,893 profit in 2025.
Paid € 890 in corporate taxes since 2022.
Best year ever: 2023, with € 201,238 profit.
Management
The stake of T.PALM HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
T. PALM MANAGEMENTThe shares are held by T.PALM HOLDING (100%). It owns 100% of T.PALM, 100% of T.PALM-ELBO, 100% of PHIMA and 100% of T.P.I. LUXEMBOURG itself.
Directors
According to the 2025 annual accounts
Director · represented by Olivier SERVAIS
Also active at: Metal Deploye Belge, T. PALM, Moyens Industriels pour le Contrôle de l'Environnement, DALEMANS S.A., PHIMA, T. PALM INTERNATIONAL LUXEMBOURG, T.PALM HOLDING, H84 +2 more
since 2024 · until 2029
Director · represented by Frédéric Tiberghien-Dumolein
Also active at: FOUNTAIN, T. PALM, 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 +224 more
since 2023 · until 2029
Managing director · represented by Thami LARAKI
Also active at: T. PALM, PHIMA, T. PALM INTERNATIONAL LUXEMBOURG, T.PALM HOLDING, H84
since 2024 · until 2029
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Rue Armand Enkart 38
4910 Theux
Rue Armand Enkart 40
4910 Theux
Active since 21 September 1998
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
- 0440.671.790
- VAT number
- BE 0440.671.790
- Registered office
- Rue Armand Enkart 38, 4910 Theux
- Names & denominations
- T. PALM MANAGEMENT · T.P.M.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 April 1990
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
Ontwikkeling van niet-residentiële bouwprojecten
Projectontwikkeling voor infrastructuurwerken
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings