What does PALENCO do?

PALENCO is registered with the CBE as active in: Activiteiten van holdings. Public Limited, started on 29 June 1993, 1 establishment.

What is the address of PALENCO?

The registered office of PALENCO is located at Waalvest 15, 8930 Menen.

Is PALENCO still active?

Yes. According to the CBE (29 October 2026) PALENCO is active, legal situation “Normale toestand”, started on 29 June 1993.

Is PALENCO registered on Peppol?

Yes, PALENCO is registered on the Peppol network with ID 0208:0450395645.

What is the enterprise number of PALENCO?

The enterprise number of PALENCO is BE0450395645.

When was PALENCO founded?

PALENCO was founded on 29 June 1993.

Who are the directors of PALENCO?

According to the 2025 annual accounts, the directors of PALENCO are: Magalie D'HEYGERE, Sylvie VERCRUYSSE, Lorenz D'HEYGERE, Axelle D'HEYGERE.

Is PALENCO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 June 1993; 4 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did PALENCO make in 2025?

PALENCO recorded a loss after taxes of € 357,259 in financial year 2025.

What is the revenue of PALENCO?

As a small company, PALENCO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 35,001.

How much does an employee at PALENCO earn?

The average wage cost per full-time employee at PALENCO was € 40,900 in 2025: staff costs of € 40,930 for 1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does PALENCO have?

According to the 2025 annual accounts, PALENCO has 1 full-time equivalents (FTE).

PALENCO (Public Limited) - Menen - BE0450395645

Dossier PALENCO, printed on 29 October 2026 from databakkes.be/en/0450395645/palenco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

PALENCO from Menen, company number BE0450395645, closed financial year 2025 with a result of € -357,259 after tax. For that financial year PALENCO recorded a gross margin of € 35,001 and equity of € 5.9 million. Compared with financial year 2024, the result moved from € -364,084 to € -357,259. 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 14, 2026.

What it is worth Healthy

€ 5.9 million

▼ 6% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -357,259

▲ 2 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 6,060

▼ 81% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -7.3 million.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 40,930

▼ 4% vs 2024

€ 40,900 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.

Vehicles and equipment

€ 4,369

▲ 21% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 6 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.8 million

▼ 20% vs 2024

€ 152,974 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 92,502

▲ 75% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 14,880

▲ 10% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 241,196 Revenue 2022: € 241,196 First fiscal year in the series	-	-	-
Gross margin	-	€ -14,881 Gross margin 2023: € -14,881 First fiscal year in the series	€ 101,295 Gross margin 2024: € 101,295 ▲ € 116,176 vs 2023 (€ -14,881) Favourable step	€ 35,001 Gross margin 2025: € 35,001 ▼ 65% vs 2024 (€ 101,295) Unfavourable step	▼ 65%
Profit after taxes	€ -137,570 Profit after taxes 2022: € -137,570 First fiscal year in the series	€ -9,227,810 Profit after taxes 2023: € -9,227,810 ▼ € 9.1 million vs 2022 (€ -137,570) Unfavourable step	€ -364,084 Profit after taxes 2024: € -364,084 ▲ € 8.9 million vs 2023 (€ -9,227,810) Favourable step	€ -357,259 Profit after taxes 2025: € -357,259 ▲ € 6,825 vs 2024 (€ -364,084) Favourable step	▲ € 6,825
Equity	€ 9,880,850 Equity 2022: € 9,880,850 First fiscal year in the series	€ 6,590,510 Equity 2023: € 6,590,510 ▼ 33% vs 2022 (€ 9,880,850) Unfavourable step	€ 6,226,426 Equity 2024: € 6,226,426 ▼ 6% vs 2023 (€ 6,590,510) Unfavourable step	€ 5,869,167 Equity 2025: € 5,869,167 ▼ 6% vs 2024 (€ 6,226,426) Unfavourable step	▼ 6%
Total debts	€ 4,536,512 Total debts 2022: € 4,536,512 First fiscal year in the series	€ 7,965,861 Total debts 2023: € 7,965,861 ▲ 76% vs 2022 (€ 4,536,512) Unfavourable step	€ 8,260,165 Total debts 2024: € 8,260,165 ▲ 4% vs 2023 (€ 7,965,861) Unfavourable step	€ 8,465,563 Total debts 2025: € 8,465,563 ▲ 2% vs 2024 (€ 8,260,165) Unfavourable step	▲ 2%
Cash	€ 34,191 Cash 2022: € 34,191 First fiscal year in the series	€ 67 Cash 2023: € 67 ▼ € 34,123 vs 2022 (€ 34,191) Unfavourable step	€ 31,342 Cash 2024: € 31,342 ▲ € 31,274 vs 2023 (€ 67) Favourable step	€ 6,060 Cash 2025: € 6,060 ▼ 81% vs 2024 (€ 31,342) Unfavourable step	▼ 81%
Land & buildings	€ 8,650,126 Land & buildings 2022: € 8,650,126 First fiscal year in the series	€ 14,391,399 Land & buildings 2023: € 14,391,399 ▲ 66% vs 2022 (€ 8,650,126) Unchanged	€ 14,239,725 Land & buildings 2024: € 14,239,725 ▼ 1% vs 2023 (€ 14,391,399) Unchanged	€ 14,126,199 Land & buildings 2025: € 14,126,199 ▼ 1% vs 2024 (€ 14,239,725) Unchanged	▼ 1%
Retained profit	€ 2,610,428 Retained profit 2022: € 2,610,428 First fiscal year in the series	€ -6,617,382 Retained profit 2023: € -6,617,382 ▼ € 9.2 million vs 2022 (€ 2,610,428) Unfavourable step	€ -6,981,466 Retained profit 2024: € -6,981,466 ▼ € 364,084 vs 2023 (€ -6,617,382) Unfavourable step	€ -7,338,724 Retained profit 2025: € -7,338,724 ▼ € 357,259 vs 2024 (€ -6,981,466) Unfavourable step	▼ € 357,259
Bank debt	€ 3,125,089 Bank debt 2022: € 3,125,089 First fiscal year in the series	€ 5,626,400 Bank debt 2023: € 5,626,400 ▲ 80% vs 2022 (€ 3,125,089) Unfavourable step	€ 2,264,136 Bank debt 2024: € 2,264,136 ▼ 60% vs 2023 (€ 5,626,400) Favourable step	€ 1,808,509 Bank debt 2025: € 1,808,509 ▼ 20% vs 2024 (€ 2,264,136) Favourable step	▼ 20%
Balance sheet total	€ 14,417,362 Balance sheet total 2022: € 14,417,362 First fiscal year in the series	€ 14,556,371 Balance sheet total 2023: € 14,556,371 ▲ 1% vs 2022 (€ 14,417,362) Unchanged	€ 14,486,591 Balance sheet total 2024: € 14,486,591 Unchanged (€ 14,556,371) Unchanged	€ 14,334,730 Balance sheet total 2025: € 14,334,730 ▼ 1% vs 2024 (€ 14,486,591) Unchanged	▼ 1%
Employees (FTE)	-	0.9 Employees (FTE) 2023: 0.9 First fiscal year in the series	1 Employees (FTE) 2024: 1 ▲ 0.1 vs 2023 (0.9) Unchanged	1 Employees (FTE) 2025: 1 Unchanged (1) Unchanged

Key figures of PALENCO, 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 July 2027.

What happened to PALENCO?

What happened at PALENCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 14, 2026 New annual accounts for financial year 2025: loss of € 357,259. Source: NBB ↗
Jul 23, 1993 New establishment in Menen. KBO
Jun 29, 1993 Start of the company according to the CBE. KBO

In short

From € 137,570 loss in 2022 to € 357,259 loss in 2025.

Paid € 655 in corporate taxes since 2022.

On average € 35,000 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Magalie D'HEYGERE Sylvie VERCRUYSSE Lorenz D'HEYGERE Axelle D'HEYGERE

Tyger

PALENCO

HAX

Behind PALENCO are Magalie D'HEYGERE, Sylvie VERCRUYSSE, Lorenz D'HEYGERE and Axelle D'HEYGERE. Magalie D'HEYGERE is also behind Tyger. Axelle D'HEYGERE is also behind HAX.

Directors

According to the 2025 annual accounts

Magalie D'HEYGERE

Director

Also active at: Tyger

Sylvie VERCRUYSSE

Managing director

Lorenz D'HEYGERE

Director

Axelle D'HEYGERE

Director

Also active at: HAX

Establishments

Establishment units

Physical locations of this company

Registered office

Waalvest 15

8930 Menen

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

PHAMALOSY

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0450.395.645

VAT number

BE 0450.395.645

Registered office

Waalvest 15, 8930 Menen

Names & denominations

PALENCO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

29 June 1993

Peppol

Active · Active since 27 Mar 2026

Activities · NACE

Activiteiten van holdings

Managementactiviteiten van holdings

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Holdings

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗

PALENCO

Warning lights

Financials

What happened to PALENCO?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions