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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PALEO from Leuven, company number BE0756986614, closed financial year 2025 with a result of € -5.2 million after tax. For that financial year PALEO recorded a gross margin of € 1.5 million and equity of € 2.5 million. Compared with financial year 2024, the result moved from € -3.8 million to € -5.2 million. The company made a loss. The buffer shrank hard: equity is 68 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 2.5 million
▼ 68% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.2 million
▼ 35 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.2 million.
People and assets in 2025
20.4
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▲ 33% vs 2024
€ 126,100 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.
€ 7,467
▼ 67% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 203,900
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 421,083
▲ 163% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -331,827 | € -464,683 | € 897,776 | € 1,454,705 | ▲ 62% |
| Profit after taxes | € -664,659 | € -1,571,253 | € -3,828,204 | € -5,169,578 | ▼ € 1.3 million |
| Equity | € 1,014,716 | € 5,448,462 | € 7,625,258 | € 2,455,680 | ▼ 68% |
| Total debts | € 109,080 | € 247,719 | € 503,408 | € 624,983 | ▲ 24% |
| Cash | € 318,403 | € 141,429 | € 740,913 | € 1,217,663 | ▲ 64% |
| Retained profit | € -941,284 | € -2,512,538 | € -6,340,742 | € -5,169,578 | ▲ € 1.2 million |
| Bank debt | € 0 | € 3,744 | € 0 | € 0 | |
| Balance sheet total | € 1,123,796 | € 5,696,181 | € 8,128,666 | € 3,080,663 | ▼ 62% |
| Employees (FTE) | 3.4 | 11.5 | 20.6 | 20.4 | ▼ 0.2 |
Key figures of PALEO, 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 PALEO?
What happened at PALEO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 5.2 million. Source: NBB ↗
- Luc Celis became a director. NBB
- Hugin & Munin BV became a director. NBB
- Jan Christoph Gras became a director. NBB
- Inno Tune BV stepped down as director. NBB
- Faustina CommV stepped down as director. NBB
- Philip Patrick Mertens stepped down as director. NBB
- Inno Tune BV became a director. NBB
In short
From € 664,659 loss in 2022 to € 5.2 million loss in 2025.
On average € 71,300 of value added per employee in 2025.
Management
Behind PALEO are Hugin & Munin BV, Jan Christoph Gras and Luc Celis.
Directors
According to the 2025 annual accounts
Managing director · represented by Hermes Sanctorum
since 2026
Jan Christoph Gras
Director
since 2026
Luc Celis
Director
since 2026
since 2025 · until 2026
since 2023 · until 2026
Philip Patrick Mertens
Director
since 2023 · until 2026
Establishments
Establishment units
Physical locations of this company
Gaston Geenslaan 1
3001 Leuven
Meilrijk 98
3290 Diest
Active since 26 October 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →reMYND
€ -217,249 gross margin · 2025
DName-iT
€ -71,430 gross margin · 2025
miDiagnostics
€ 24,934 revenue · 2025
Pledge Therapeutics
€ -644,682 gross margin · 2025
Fishway
€ 413,084 gross margin · 2025
+14 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
- 0756.986.614
- VAT number
- BE 0756.986.614
- Registered office
- Gaston Geenslaan 1, 3001 Leuven
- Names & denominations
- PALEO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 October 2020
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
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Vervaardiging van andere voedingsmiddelen, neg
Markt- en opinieonderzoek
Verwerking en conservering van groenten, exclusief productie van diepgevroren groenten
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