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 7 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
IL PALIO from Kortrijk, company number BE0543667875, closed financial year 2025 with a result of € 18,100 after tax. For that financial year IL PALIO recorded a gross margin of € 77,700 and equity of € 112,277. Compared with financial year 2024, the result moved from € 18,933 to € 18,100. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 112,277
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,100
▼ 4% vs 2024
Profit after tax over the fiscal year.
€ 23,680
▲ 48% 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 € 93,677.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 11,562
▲ 6% 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 | |
|---|---|---|---|---|---|
| Gross margin | € 58,877 | € 46,862 | € 76,385 | € 77,700 | ▲ 2% |
| Profit after taxes | € -2,085 | € -13,690 | € 18,933 | € 18,100 | ▼ 4% |
| Equity | € 88,933 | € 75,243 | € 94,177 | € 112,277 | ▲ 19% |
| Total debts | € 560,402 | € 528,897 | € 488,348 | € 449,890 | ▼ 8% |
| Cash | € 16,814 | € 5,673 | € 16,021 | € 23,680 | ▲ 48% |
| Land & buildings | € 628,302 | € 593,717 | € 561,044 | € 529,601 | ▼ 6% |
| Retained profit | € 70,333 | € 56,643 | € 75,577 | € 93,677 | ▲ 24% |
| Balance sheet total | € 649,335 | € 604,141 | € 582,524 | € 562,167 | ▼ 3% |
Key figures of IL PALIO, 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 IL PALIO?
What happened at IL PALIO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,100 (▼ 4% vs 2024). Source: NBB ↗
- Ward SNOECK became a director. NBB
- Ine SNOECK became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
- Anja VANDENBOGAERDE became a director. NBB
- Hugo SNOECK became a director. NBB
In short
From € 2,085 loss in 2022 to € 18,100 profit in 2025.
Best year ever: 2024, with € 18,933 profit.
A new publication or filing at IL PALIO? 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 IL PALIO are Anja VANDENBOGAERDE, Hugo SNOECK, Ward SNOECK and Ine SNOECK. The same people are also behind B & M and 07 Projects. Anja VANDENBOGAERDE is also behind CIG Nestel. Hugo SNOECK is also behind VK STUDIO ARCHITECTS, PLANNERS AND DESIGNERS and arteum architects.
Directors
According to the 2025 annual accounts
since 2013
Hugo SNOECK
Managing director
Also active at: B & M, VK STUDIO ARCHITECTS, PLANNERS AND DESIGNERS, 07 Projects, arteum architects
since 2013
since 2022
since 2022
Establishments
Establishment units
Physical locations of this company
Ter Duinenstraat(Mar) 26
8510 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0543.667.875
- VAT number
- BE 0543.667.875
- Registered office
- Ter Duinenstraat(Mar) 26, 8510 Kortrijk
- Names & denominations
- IL PALIO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 2013
- Peppol
- Not registered