Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
PALGO from Ukkel, company number BE0781743586, closed financial year 2024 with a result of € -242,875 after tax. For that financial year PALGO recorded revenue of € 1.1 million and equity of € -241,695. Compared with financial year 2023, the result moved from € 180 to € -242,875. 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 January 21, 2025.
€ -241,695
▼ € 242,875 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -242,875
▼ still € 180 profit in 2023
Profit after tax over the fiscal year.
€ 27,312
▼ 62% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -242,695.
People and assets in 2024
€ 504,212
▲ 104% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,412
▼ 4% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 448,896
▲ € 416,842 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 16,610
▼ 86% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|
| Revenue | € 761,230 | € 1,067,981 | ▲ 40% |
| Gross margin | € 256,084 | € 261,484 | ▲ 2% |
| Profit after taxes | € 180 | € -242,875 | ▼ € 243,055 |
| Equity | € 1,180 | € -241,695 | ▼ € 242,875 |
| Total debts | € 152,177 | € 465,506 | ▲ 206% |
| Cash | € 72,424 | € 27,312 | ▼ 62% |
| Retained profit | € 180 | € -242,695 | ▼ € 242,875 |
| Balance sheet total | € 153,357 | € 223,812 | ▲ 46% |
Key figures of PALGO, fiscal years 2023 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 30 April 2026.
What happened to PALGO?
What happened at PALGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
PALGO is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 242,875 (▼ € 243,055 vs 2023). Source: NBB ↗
- New establishment in Ukkel. KBO
- Start of the company according to the CBE. KBO
In short
From € 180 profit in 2023 to € 242,875 loss in 2024.
Paid € 1,348 in corporate taxes since 2023.
Best year ever: 2023, with € 180 profit.
A new publication or filing at PALGO? 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
Establishments
Establishment units
Physical locations of this company
Alsembergsesteenweg 842
1180 Ukkel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →HDS Corporate Solutions
€ -44,089 gross margin · 2024
European Real Estate Promotion
€ -2,538 gross margin · 2025
Old Establis. Zavieh Import-Export
€ 170,868 gross margin · 2025
WELL STORE
€ 10,028 gross margin · 2025
LIGUE FRANCOPHONE CONTRE L'EPILEPSIE
+10 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
- 0781.743.586
- VAT number
- BE 0781.743.586
- Registered office
- Alsembergsesteenweg 842, 1180 Ukkel
- Names & denominations
- PALGO
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Opening faillissement
- Start date
- 8 February 2022
- Peppol
- Not registered