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.
-
Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Palmer from Elsene, company number BE0447739033, closed financial year 2025 with a result of € 0 after tax. Compared with financial year 2024, the result moved from € 0 to € 0. Around break-even. 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 31, 2026.
€ -2 million
▼ € 320,747 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 0
Profit after tax over the fiscal year.
€ 11,514
▲ 235% 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 € -2.5 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 17,805
▼ 26% vs 2024
Loans from banks and other lenders, long and short.
€ 24,383
▲ 245% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,275
▼ 52% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -85,345 | € -86,314 | - | - | |
| Profit after taxes | € -135,910 | € -134,467 | € 0 | € 0 | |
| Equity | € -1,517,053 | € -1,651,520 | € -1,651,520 | € -1,972,267 | ▼ € 320,747 |
| Total debts | € 2,061,287 | € 2,165,984 | € 2,165,984 | € 2,236,643 | ▲ 3% |
| Cash | € 4,911 | € 3,436 | € 3,436 | € 11,514 | ▲ 235% |
| Retained profit | € -2,087,208 | € -2,221,675 | € -2,221,675 | € -2,542,422 | ▼ € 320,747 |
| Bank debt | € 50,000 | € 24,100 | € 24,100 | € 17,805 | ▼ 26% |
| Balance sheet total | € 544,234 | € 514,464 | € 514,464 | € 264,375 | ▼ 49% |
Key figures of Palmer, 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 Palmer?
What happened at Palmer in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 0. filed late Source: NBB ↗
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 135,910 loss in 2022 to € 0 profit in 2025.
Management
Behind Palmer is Marcel VAN HULLE. Marcel VAN HULLE is also behind Sky Immo, SENIOR IMMOB, MILLÉSIMES, MILVI and DIWEL.
Directors
According to the 2025 annual accounts
Marcel VAN HULLE
Director
Also active at: Sky Immo, SENIOR IMMOB, MILLÉSIMES, MILVI, DIWEL, Le Pré Saint-Germain
Establishments
Establishment units
Physical locations of this company
Armand Campenhoutstraat 72 box 10
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Maison Emile Bernheim
Fédération des anciens combattants Polonais
BATICO
€ 82,000 gross margin · 2025
LE SAINT - AULAYE
€ 9,432 gross margin · 2025
Foire du Livre de Bruxelles
+4 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
- 0447.739.033
- VAT number
- BE 0447.739.033
- Registered office
- Armand Campenhoutstraat 72 bus 10, 1050 Elsene
- Names & denominations
- Palmer
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 June 1992
- Peppol
- Active · Active since 2 Jan 2026
- Activities · NACE
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