Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PALLAS REAL ESTATE from Etterbeek, company number BE0897434595, closed financial year 2025 with a result of € 9,361 after tax. For that financial year PALLAS REAL ESTATE recorded a gross margin of € 70,951 and equity of € 152,564. Compared with financial year 2024, the result moved from € 17,329 to € 9,361. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 28, 2026.
€ 152,564
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,361
▼ 46% vs 2024
Profit after tax over the fiscal year.
€ 2,080
▼ 60% 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 € 132,564.
Debts at end 2025
€ 319,389
▼ 15% vs 2024
€ 55,254 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 14,122
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,969
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 | |
|---|---|---|---|---|---|
| Gross margin | € 83,763 | € 92,274 | € 80,848 | € 70,951 | ▼ 12% |
| Profit after taxes | € 12,101 | € 26,360 | € 17,329 | € 9,361 | ▼ 46% |
| Equity | € 99,514 | € 125,874 | € 143,203 | € 152,564 | ▲ 7% |
| Total debts | € 544,031 | € 470,343 | € 459,904 | € 413,633 | ▼ 10% |
| Cash | € 31,426 | € 10,597 | € 5,211 | € 2,080 | ▼ 60% |
| Land & buildings | € 565,364 | € 541,395 | € 533,750 | € 509,274 | ▼ 5% |
| Retained profit | € 79,514 | € 105,874 | € 123,203 | € 132,564 | ▲ 8% |
| Bank debt | € 474,577 | € 426,511 | € 376,200 | € 319,389 | ▼ 15% |
| Balance sheet total | € 643,545 | € 596,217 | € 603,106 | € 566,197 | ▼ 6% |
Key figures of PALLAS REAL ESTATE, fiscal years 2022 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 PALLAS REAL ESTATE?
What happened at PALLAS REAL ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9,361 (▼ 46% vs 2024). Source: NBB ↗
- Martin Fitzgerald became a director. NBB
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,101 profit in 2022 to € 9,361 profit in 2025.
Paid € 22,311 in corporate taxes since 2022.
Best year ever: 2023, with € 26,360 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
Behind PALLAS REAL ESTATE is Martin Fitzgerald.
Directors
According to the 2025 annual accounts
Martin Fitzgerald
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Belliardstraat 201
1040 Etterbeek
Belliardstraat 201 box 19
1040 Etterbeek
Active since 5 May 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Wereldbeweging van Christelijke Arbeiders
IMMOBEL
EUROPE-RECHERCHE-INFORMATION-CONSEIL - EUROPE-RESEARCH-INFORMATION-COUNSEL
EXCELLENT
€ -3,955 gross margin · 2025
MULTIMOD(E) - GEIE
+3 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
- 0897.434.595
- VAT number
- BE 0897.434.595
- Registered office
- Belliardstraat 201, 1040 Etterbeek
- Names & denominations
- PALLAS REAL ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 April 2008
- Peppol
- Active · Active since 23 Oct 2025
- Activities · NACE
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Diverse administratieve activiteiten ten behoeve van kantoren
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen