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.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
88 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PAL MRS from Brussel, company number BE0749491086, closed financial year 2025 with a result of € -588,728 after tax. For that financial year PAL MRS recorded a gross margin of € 764,963 and equity of € 6.2 million. Compared with financial year 2024, the result moved from € -294,443 to € -588,728. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 20, 2026.
€ 6.2 million
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -588,728
▼ 100 % more loss than in 2024
Profit after tax over the fiscal year.
€ 259,490
▼ 44% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
Debts at end 2025
€ 13.1 million
▲ 10% vs 2024
Loans from banks and other lenders, long and short.
€ 73,954
▼ 94% 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 | € -35,344 | € 882,688 | € 990,040 | € 764,963 | ▼ 23% |
| Profit after taxes | € -36,649 | € -103,120 | € -294,443 | € -588,728 | ▼ € 294,285 |
| Equity | € 942,551 | € 7,039,431 | € 6,744,988 | € 6,156,260 | ▼ 9% |
| Total debts | € 17,188,712 | € 12,468,636 | € 13,894,239 | € 13,413,478 | ▼ 3% |
| Cash | € 111,453 | € 24,477 | € 460,887 | € 259,490 | ▼ 44% |
| Land & buildings | € 804,469 | € 18,488,474 | € 19,167,021 | € 18,430,702 | ▼ 4% |
| Retained profit | € -107,449 | € -210,569 | € -505,012 | € -1,093,740 | ▼ € 588,728 |
| Bank debt | € 499,048 | € 11,700,000 | € 11,900,000 | € 13,100,000 | ▲ 10% |
| Balance sheet total | € 18,131,263 | € 19,508,067 | € 20,639,227 | € 19,569,738 | ▼ 5% |
Key figures of PAL MRS, 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 PAL MRS?
What happened at PAL MRS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 588,728. Source: NBB ↗
- AMAND BENOÎT D'HONDT SRL stepped down as director. NBB
- Marc KRAMER stepped down as director. NBB
- Nicolas DE BLIECK stepped down as director. NBB
- Christophe MIGNOT stepped down as director. NBB
- Nicolas DE BLIECK became a director. NBB
- Marc KRAMER became a director. NBB
- New establishment in Brussel. KBO
In short
From € 36,649 loss in 2022 to € 588,728 loss in 2025.
A new publication or filing at PAL MRS? 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
The stake of PARC DE L'ALLIANCE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PAL MRSThe shares are held by PARC DE L'ALLIANCE (100%).
Directors
According to the 2025 annual accounts
Director · represented by Amand Benoît D'HONDT
Also active at: AG REAL ESTATE, INTERPARKING, L'INVESTISSEMENT FONCIER BOULEVARD DE WATERLOO, AG Real Estate Asset Management, ANIMA, AG HEYLEN WAREHOUSES, AMPLA HOUSE PROPERTIES, AIRPORT DEVELOPMENT +10 more
since 2020 · until 2026
since 2024 · until 2026
since 2025 · until 2026
Christophe MIGNOT
Director
Also active at: TRANSGA, ROYAWYN, EVERE SQUARE, PARC DE L'ALLIANCE, LEX 65, INSTRUCTION, L-PARK, WATER-LEAU +1 more
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kunstlaan 58
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 88 companies are registered at this address.
All companies at this address →LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT
€ 1.1 million gross margin · 2025
AG REAL ESTATE same network
€ 33.7 million revenue · 2025
Le Patrimoine immobilier - Het Onroerende Vermogen
€ -67,550 gross margin · 2025
Thilly Reinsurance Services
Citymo
€ 14 million revenue · 2025
+83 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
- 0749.491.086
- VAT number
- BE 0749.491.086
- Registered office
- Kunstlaan 58, 1000 Brussel
- Names & denominations
- PAL MRS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 2020
- Peppol
- Active · Active since 1 Jan 2001