Palmatum
ActiveFrom the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
Summary
Palmatum has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,796 and a net result of -€24,204. Its solvency ranks better than 14% of 5,789 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 09-04-2025 Normal situation
- Legal form
- Public limited company
- Registered office
- Esplanade Oscar Van de Voorde 1, 9000 Gent
- Activity
- Buying and selling of own real estate NACE 68110
- Establishment unit
- 2.376.708.054 9000 Gent, since 09-04-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 27-08-2025
Board and ownership
Board
- MG RE InvestmentManaging director · permanent representative Ignace De Paepe
- MEA VOTA ONEDirector · since 09-04-2025 · permanent representative Anja Tackaert
- PRODITDirector · since 09-04-2025 · permanent representative Ignace Tytgat
- ScsDirector · since 09-04-2025
Shareholders
- MG Real Estate90%annual accounts 2025
- MG Real Estate Luxembourg10%annual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €185,313
- Turnover
- ≈ €360,000
- estimated
- Loss
- €24,204
- Equity
- €75,796
- Total assets
- €14.0m
2025 accounts filed 46 days before the deadline
Filed on 15-06-2026at the National Bank
Score breakdownraises riskLiquidity: current ratio 0.26, cash €216,550Equity €75,796 (0.5% of total assets)lowers riskSize: total assets €14.0mSector: Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 22% of medium-sized companies in real estate (NACE 68)
Financial strength
Weak
Solvency
26
equity 0.5% of total assets
Liquidity
39
short-term debt 31.1% · cash 1.5%
Profitability
27
return on assets -0.2%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
05-2026: 0.6%
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026highest value
10-2026: 0.1%▼ -0.5 percentage points vs 09-2026lowest value
Credit of up to €6,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is insufficient, with a current ratio of 0.26, below 1. Short-term debt is 31.1% and cash 1.5% of total assets. 99.5% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized). It does better than 16% of them on solvency, 30% on liquidity and 21% on profitability.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 5789 sector peers (2025).
NBB · sector comparisonPosition among 5789 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · Young company
Founded in 2025, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
46 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Key points
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 15-06-2026
Acts in the Belgian Official Gazette
- Resignations & appointmentsact of 11-08-2026
- Incorporationact of 11-04-2025
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about Palmatum
- What is the company number of Palmatum?
- The company number of Palmatum is 1022.176.102. The VAT number is the same number with BE in front: BE 1022.176.102.
- Where is Palmatum based?
- The registered office is at Esplanade Oscar Van de Voorde 1, 9000 Gent.Company details
- What does Palmatum do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of Palmatum?
- The legal form of Palmatum is Public limited company (NV).
- When was Palmatum founded?
- Palmatum was founded on 09-04-2025.
- Is Palmatum still active?
- Yes, Palmatum is an active enterprise in the KBO register.
- What is the turnover of Palmatum?
- The turnover in financial year 2025 is ≈ €360,000. This figure is estimated from the gross margin of €185,313 and 32 comparable companies (NACE 681). It probably lies between €250,000 and €740,000.Financials
- Is Palmatum profitable?
- In financial year 2025, Palmatum made a loss of €24,204.
- Where can I find the annual accounts of Palmatum?
- Palmatum filed 1 annual account with the National Bank of Belgium, for financial year 2025.Annual accounts at the National Bank
Companies linked to Palmatum
Comparable companies
These companies have the same main activity as Palmatum: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €8.2m and €18m, founded between 2023 and 2024.
| Company | Total assets | Gross margin |
|---|---|---|
| Palmatum Gent | €14.0m | €0.2m |
| FVI INVEST Knokke-Heist | €14.2m | €0.2m |
| D44 Capital Partners Elsene | €18.0m | €0.3m |
| MM Antwerp Land Deinze | €9.8m | €0.4m |
| SAKURA Staden | €10.6m | €0.3m |
| IMMO TEWOWI Deerlijk | €8.2m | €0.5m |
| RP-6 Gembloux | €11.9m | €0.1m |
Next steps
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