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 3 of the last 3 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Palmares Projects from Koksijde, company number BE0785919140, closed financial year 2025 with a result of € -92,433 after tax. For that financial year Palmares Projects recorded a gross margin of € -72,245 and equity of € -128,176. Compared with financial year 2024, the result moved from € -15,497 to € -92,433. 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 20, 2026.
€ -128,176
▼ € 92,433 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -92,433
▼ 496 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -129,176.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 2
▼ € 278,998 vs 2024
Loans from banks and other lenders, long and short.
€ 25,296
▲ € 22,356 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,002
▼ 67% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -18,266 | € -3,429 | € -72,245 | ▼ € 68,816 |
| Profit after taxes | € -21,246 | € -15,497 | € -92,433 | ▼ € 76,936 |
| Equity | € -20,246 | € -35,743 | € -128,176 | ▼ € 92,433 |
| Total debts | € 187,393 | € 403,976 | € 133,828 | ▼ 67% |
| Cash | € 99 | € 19,690 | - | |
| Retained profit | € -21,246 | € -36,743 | € -129,176 | ▼ € 92,433 |
| Bank debt | € 117,390 | € 279,000 | € 2 | ▼ € 278,998 |
| Balance sheet total | € 167,147 | € 368,233 | € 5,652 | ▼ 98% |
Key figures of Palmares Projects, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Palmares Projects?
What happened at Palmares Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 92,433. Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 21,246 loss in 2023 to € 92,433 loss in 2025.
Management
Behind Palmares Projects is Pedro Vandenbussche.
Directors
According to the 2025 annual accounts
Pedro Vandenbussche
Director
Establishments
Establishment units
Physical locations of this company
Leopold II Laan(Odk) 24
8670 Koksijde
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
- 0785.919.140
- VAT number
- BE 0785.919.140
- Registered office
- Leopold II Laan(Odk) 24, 8670 Koksijde
- Names & denominations
- Palmares Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 May 2022
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Handel in eigen onroerend goed
Overige werkzaamheden in verband met de afwerking van gebouwen