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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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PALCO from Oostende, company number BE0765980888, closed financial year 2025 with a result of € -79,709 after tax. For that financial year PALCO recorded a gross margin of € -54,965 and equity of € -334,458. Compared with financial year 2024, the result moved from € -231,540 to € -79,709. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 21, 2025.
€ -334,458
▼ € 79,709 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -79,709
▲ 66 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,645
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -384,458.
People and assets in 2025
€ 20,218
▼ 23% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 12,911
▲ € 12,406 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 70,000
Loans from banks and other lenders, long and short.
€ 18,518
▲ € 18,382 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,686
▼ 68% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 28,714 | € -11,348 | € -54,965 | ▼ € 43,617 |
| Profit after taxes | € -73,208 | € -231,540 | € -79,709 | ▲ € 151,831 |
| Equity | € -23,208 | € -254,749 | € -334,458 | ▼ € 79,709 |
| Total debts | € 266,760 | € 840,250 | € 1,393,697 | ▲ 66% |
| Cash | € 12,109 | € 7,870 | € 3,645 | ▼ 54% |
| Retained profit | € -73,208 | € -304,749 | € -384,458 | ▼ € 79,709 |
| Bank debt | € 70,000 | € 70,000 | € 70,000 | |
| Balance sheet total | € 243,551 | € 585,501 | € 1,059,239 | ▲ 81% |
Key figures of PALCO, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to PALCO?
What happened at PALCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 79,709. filed late Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 73,208 loss in 2023 to € 79,709 loss in 2025.
Establishments
Establishment units
Physical locations of this company
17 Oktoberstraat 3 box 13.02
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0765.980.888
- VAT number
- BE 0765.980.888
- Registered office
- 17 Oktoberstraat 3 bus 13.02, 8400 Oostende
- Names & denominations
- PALCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 2021
- Peppol
- Active · Active since 29 May 2026
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