Financials
Financial year 2025
Worth noting
- Little cash and receivables against the short-term debts.
- Figures corrected afterwards (2022).
Gross margin
€ 1.9 million
Profit
Caution€ -3.7 million
▼ 266% vs 2024
Debts
High€ 30 million
▼ 6% vs 2024
PALM REAL ESTATE DEVELOPMENT from Knokke-Heist, company number BE0506692762, closed financial year 2025 with a result of € -3.7 million after tax. For that financial year PALM REAL ESTATE DEVELOPMENT recorded a gross margin of € 1.9 million and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 2.3 million to € -3.7 million. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 27, 2026.
What happened at PALM REAL ESTATE DEVELOPMENT?
What happened at PALM REAL ESTATE DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3.7 million (▼ 266% vs 2024). Source: NBB ↗
- Eric Geerts became a director. NBB
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.2 million profit in 2022 to € 3.7 million loss in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2022, with € 3.2 million profit.
On average € 2.7 million of value added per employee in 2023.
A new publication or filing at PALM REAL ESTATE DEVELOPMENT? We notify you, reason included.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
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Management
Behind PALM REAL ESTATE DEVELOPMENT are Eric Geerts and Philippe Verellen. It owns 100% of Werchter Sint Jans-Rochus OG, 100% of Star Immo, 100% of Boortside, 100% of Bedrus Invest, 100% of Poort van Emblem and 99.8% of De Poort van Berlaar itself.
Directors
According to the 2025 annual accounts
since 2024
Philippe Verellen
Managing director
Also active at: Wolf Oil Corporation, POORT VAN EMBLEM, INTERCAN +10 more
Establishments
Establishment units
Physical locations of this company
Cottagepad 5
8300 Knokke-Heist
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
POORT VAN EMBLEM same network
€ -4,999 gross margin · 2025
BOORTSIDE same network
€ 1.3 million gross margin · 2025
DE POORT VAN BERLAAR same network
€ -3,644 gross margin · 2025
STAR IMMO same network
€ -7,962 gross margin · 2025
Werchter Sint Jans-Rochus OG same network
€ -10,327 gross margin · 2025
+7 more
Details
- Company number
- 0506.692.762
- VAT number
- BE 0506.692.762
- Registered office
- Cottagepad 5, 8300 Knokke-Heist
- Names & denominations
- PALM REAL ESTATE DEVELOPMENT · Palm RED
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 December 2014
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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