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 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PALAK from Hasselt, company number BE0865372830, closed financial year 2025 with a result of € 2,921 after tax. For that financial year PALAK recorded a gross margin of € 6,733 and equity of € -43,085. Compared with financial year 2024, the result moved from € 3,147 to € 2,921. The company is profitable. 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 October 13, 2025.
€ -43,085
▲ € 2,921 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,921
▼ 7% vs 2024
Profit after tax over the fiscal year.
€ 2,098
▲ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -61,685.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 663
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 111
▼ 78% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 142,912 | € 148,930 | - | - | |
| Gross margin | € -1,073 | € -2,119 | € 17,674 | € 6,733 | ▼ 62% |
| Profit after taxes | € -9,516 | € -21,542 | € 3,147 | € 2,921 | ▼ 7% |
| Equity | € -27,611 | € -49,153 | € -46,006 | € -43,085 | ▲ € 2,921 |
| Total debts | € 45,908 | € 64,253 | € 58,674 | € 56,871 | ▼ 3% |
| Cash | € 2,883 | € 3,367 | € 1,964 | € 2,098 | ▲ 7% |
| Retained profit | € -46,211 | € -67,753 | € -64,606 | € -61,685 | ▲ € 2,921 |
| Bank debt | € 0 | € 7 | € 0 | € 0 | |
| Balance sheet total | € 18,297 | € 15,100 | € 12,668 | € 13,786 | ▲ 9% |
Key figures of PALAK, 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 October 2026.
What happened to PALAK?
What happened at PALAK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,921 (▼ 7% vs 2024). Source: NBB ↗
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,516 loss in 2022 to € 2,921 profit in 2025.
Paid € 224 in corporate taxes since 2022.
Best year ever: 2024, with € 3,147 profit.
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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
Directors
According to the 2025 annual accounts
MANBIR KAUR
Director
Establishments
Establishment units
Physical locations of this company
Sint-Hubertusplein 17
3500 Hasselt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0865.372.830
- VAT number
- BE 0865.372.830
- Registered office
- Sint-Hubertusplein 17, 3500 Hasselt
- Names & denominations
- PALAK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 May 2004
- Peppol
- Active · Active since 5 Oct 2025
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Niet-gespecialiseerde detailhandel in algemene voedingsmiddelen (verkoopsoppervlakte minder dan 100 m2)
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
Overige detailhandel in voedingsmiddelen, neg
Detailhandel in dranken, algemeen assortiment
Detailhandel in cosmetica en toiletartikelen
Detailhandel in tabaksproducten
Detailhandel in groenten en fruit
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