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 37 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
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 buffer shrank hard: equity is 66 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 27, 2026.
€ 1.9 million
▼ 66% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.7 million
▼ still € 2.3 million profit in 2024
Profit after tax over the fiscal year.
€ 677,447
▲ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.8 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 25.3 million
▼ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 938,350
▲ € 881,256 vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 2,483,743 | - | |
| Gross margin | € 6,353,974 | € 2,713,445 | - | € 1,890,762 | |
| Profit after taxes | € 3,160,774 | € -954,111 | € 2,251,884 | € -3,740,704 | ▼ € 6 million |
| Equity | € 4,350,919 | € 3,396,808 | € 5,648,693 | € 1,907,988 | ▼ 66% |
| Total debts | € 57,503,736 | € 48,512,678 | € 31,755,472 | € 29,970,687 | ▼ 6% |
| Cash | € 115,784 | € 134,726 | € 422,756 | € 677,447 | ▲ 60% |
| Retained profit | € 4,288,919 | € 3,334,808 | € 5,586,693 | € 1,845,988 | ▼ 67% |
| Bank debt | € 37,713,804 | € 31,931,913 | € 25,462,207 | € 25,307,628 | ▼ 1% |
| Balance sheet total | € 61,854,655 | € 51,909,486 | € 37,404,164 | € 31,878,675 | ▼ 15% |
| Employees (FTE) | 1 | 1 | 0 | 0 |
Key figures of PALM REAL ESTATE DEVELOPMENT, 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 April 2027.
What happened to 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 (▼ € 6 million 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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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
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, VIDEG, OILSCOPE, PHILCOTRANS, BOORTSIDE, CHAMPION CHEMICALS +5 more
Establishments
Establishment units
Physical locations of this company
Cottagepad 5
8300 Knokke-Heist
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies 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
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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
Handel in eigen onroerend goed