Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 6 to 4.9.
Financials
Financial year 2025
PALACE from Aalst, company number BE0467008181, closed financial year 2025 with a result of € 77,712 after tax. For that financial year PALACE recorded a gross margin of € 368,489 and equity of € 12,195. Compared with financial year 2024, the result moved from € -9,507 to € 77,712. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 12,195
▲ € 77,712 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 77,712
▲ still € 9,507 loss in 2024
Profit after tax over the fiscal year.
€ 27,527
▲ 64% 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 € -349,805.
People and assets in 2025
4.9
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 237,458
▲ 2% vs 2024
€ 48,500 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.
€ 11,538
▲ 261% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 59,561
▼ 40% vs 2024
€ 33,706 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 67,280
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,979
▲ 3% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 224,393 | € 287,838 | € 277,797 | € 368,489 | ▲ 33% |
| Profit after taxes | € -67,422 | € -44,400 | € -9,507 | € 77,712 | ▲ € 87,220 |
| Equity | € -11,610 | € -56,010 | € -65,518 | € 12,195 | ▲ € 77,712 |
| Total debts | € 209,885 | € 220,986 | € 202,054 | € 142,224 | ▼ 30% |
| Cash | € 9,056 | € 4,965 | € 16,762 | € 27,527 | ▲ 64% |
| Land & buildings | € 44,393 | € 40,947 | € 37,262 | € 34,750 | ▼ 7% |
| Retained profit | € -373,610 | € -418,010 | € -427,518 | € -349,805 | ▲ € 77,712 |
| Bank debt | € 98,494 | € 134,082 | € 98,902 | € 59,561 | ▼ 40% |
| Balance sheet total | € 198,275 | € 164,976 | € 136,536 | € 154,418 | ▲ 13% |
| Employees (FTE) | 6 | 6 | 5.1 | 4.9 | ▼ 0.2 |
Key figures of PALACE, 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 PALACE?
What happened at PALACE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 77,712. Source: NBB ↗
- New establishment in Aalst. KBO
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 67,422 loss in 2022 to € 77,712 profit in 2025.
Best year ever: 2025, with € 77,712 profit.
On average € 75,200 of value added per employee in 2025.
Management
Behind PALACE are Tony Staels, Feestpaleis and RITA VAN DEN BORRE.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Vlaanderenstraat 26
9300 Aalst
Bert Van Hoorickstraat 4
9300 Aalst
Active since 22 November 1999
Vlaanderenstraat 24
9300 Aalst
Active since 22 November 1999
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0467.008.181
- VAT number
- BE 0467.008.181
- Registered office
- Vlaanderenstraat 26, 9300 Aalst
- Names & denominations
- PALACE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 October 1999
- Peppol
- Active · Active since 25 Sept 2024
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