ACTIVE

PALIMO

Financial year 2025 · closed on 31/12/2025
Net result
3,4 k €
-82.5% YoY
Gross margin
138,9 k €
-14.3% YoY
Equity
1,2 M €
+0.3% YoY

What does PALIMO do?

PALIMO is a Public limited company incorporated in 1989. Its main activity is: Other financial service activities, except insurance and pension funding n.e.c.. Its registered office is in Uccle.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0437.546.214
Incorporation
18/05/1989
Legal form
Public limited company
Registered office
Avenue des Narcisses 2a
1180 Uccle · BruxellesSee on map
Contributed capital
489 589,71 €
Latest accounts
31/12/2025
Joint committees (1)
  • 323
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920072006
Income statement
Gross margin138,9 k €162 k €195,9 k €155,2 k €223,2 k €113,1 k €186,7 k €196,4 k €223,1 k €229,7 k €142,6 k €97,3 k €121 k €69,5 k €30,1 k €-30,5 k €1,9 M €64,1 k €55 k €
EBITDA130,8 k €151,4 k €190,7 k €146,1 k €217,5 k €107 k €180,6 k €190,4 k €216,9 k €215,3 k €138,3 k €88,8 k €116,7 k €65,2 k €24,1 k €-83,2 k €1,8 M €37,1 k €46,4 k €
Operating result55,4 k €78,9 k €113,6 k €83,4 k €135 k €29,5 k €108,6 k €120,7 k €148,3 k €149,3 k €72,6 k €24,6 k €54,8 k €2,1 k €-38,2 k €-83,2 k €1,8 M €-37,3 k €22 k €
Net result3,4 k €19,5 k €51,4 k €70,3 k €84,2 k €-35,2 k €61,8 k €71,2 k €87,4 k €111,8 k €63,8 k €19,8 k €54,5 k €2 k €-54,9 k €-101,6 k €1,5 M €-96 k €-18,4 k €
Balance sheet
Equity1,2 M €1,1 M €1,2 M €1,1 M €1,1 M €1 M €1,1 M €1,1 M €1 M €970,7 k €908,9 k €895,1 k €895,3 k €856,8 k €854,8 k €909,7 k €1 M €-446 k €-350,1 k €
Total assets1,9 M €1,8 M €1,9 M €1,8 M €1,8 M €1,8 M €1,9 M €1,9 M €2 M €2 M €2 M €2 M €2 M €2 M €2,1 M €2,4 M €3 M €1,1 M €532,1 k €
Cash349,8 k €297,4 k €274,2 k €237,1 k €142,6 k €101,1 k €166,2 k €139,8 k €179,1 k €141 k €86,7 k €60,8 k €49,3 k €4,6 k €5,9 k €11,5 k €5,3 k €7 k €
Debts91,6 k €19,3 k €48,5 k €671,1 k €708,4 k €758,7 k €824,5 k €872,4 k €973,5 k €1 M €1,1 M €1,1 M €1,1 M €1,2 M €1,2 M €1,5 M €2 M €1,5 M €605,5 k €
Other
Workforce1,0 ETP1,0 ETP0,6 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

George Forrest

Managing director · since 17 février 2017

Active
Leza Forrest

Director

Active

Ended mandates

george andrew forrest

Director · since 09 mars 2011

Ended
George Andrew Forrest

Managing director · since 09 mars 2011

Ended
leza forrest

Director · since 09 mars 2011

Ended
Claude Desseille

Director · since 12 décembre 2006

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/08/202629/08/202517/09/202429/09/202322/11/202231/08/2021
General meeting21/08/202626/08/202511/09/202428/09/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202521/08/202629/08/2026FrenchPDF
Micro model31/12/202426/08/202529/08/2025FrenchPDF
Micro model31/12/202311/09/202417/09/2024FrenchPDF
Micro model31/12/202228/09/202329/09/2023FrenchPDF
Micro model31/12/202124/06/202222/11/2022FrenchPDF
Micro model31/12/202025/06/202131/08/2021FrenchPDF
Micro model31/12/201908/09/202027/10/2020FrenchPDF
Micro model31/12/201828/06/201929/08/2019FrenchPDF
Micro model31/12/201729/06/201821/08/2018FrenchPDF
Micro model31/12/201630/06/201730/08/2017FrenchPDF
Abridged model31/12/201527/06/201618/08/2016FrenchPDF
Abridged model31/12/201426/06/201527/08/2015FrenchPDF
Abridged model31/12/201326/06/201429/08/2014FrenchPDF
Abridged model31/12/201226/06/201326/08/2013FrenchPDF
Abridged model31/12/201126/06/201229/08/2012FrenchPDF
Abridged model31/05/201021/10/201001/12/2010FrenchPDF
Abridged model31/05/200919/10/200920/10/2009FrenchPDF
Abridged model31/12/200703/06/200803/07/2008FrenchPDF
Abridged model31/12/200630/06/200714/08/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

George Forrest

Managing director · since 17 février 2017

Active
Leza Forrest

Director

Active

Ended mandates

george andrew forrest

Director · since 09 mars 2011

Ended
George Andrew Forrest

Managing director · since 09 mars 2011

Ended
leza forrest

Director · since 09 mars 2011

Ended
Claude Desseille

Director · since 12 décembre 2006

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other19/02/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates08/05/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office15/02/2021
    SIEGE SOCIAL
    PDF
  • Mandates18/03/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Other05/04/2011
    ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates21/03/2011
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Other23/01/2009
    ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates31/01/2007
    DEMISSIONS, NOMINATIONS
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20253,4 k €
  2. 2024
    Annual accounts 202419,5 k €
  3. 2023
    Annual accounts 202351,4 k €
  4. 2022
    Annual accounts 202270,3 k €
  5. 2021
    Annual accounts 202184,2 k €
  6. 2020
    Annual accounts 2020-35,2 k €
  7. 2019
    Annual accounts 201961,8 k €
  8. 2018
    Annual accounts 201871,2 k €
  9. 2017
    Annual accounts 201787,4 k €
  10. 2016
    Annual accounts 2016111,8 k €
  11. 2015
    Annual accounts 201563,8 k €
  12. 2014
    Annual accounts 201419,8 k €
  13. 2013
    Annual accounts 201354,5 k €
  14. 2012
    Annual accounts 20122 k €
  15. 2011
    Annual accounts 2011-54,9 k €
  16. 2010
    Annual accounts 2010-101,6 k €
  17. 2009
    Annual accounts 20091,5 M €
  18. 2007
    Annual accounts 2007-96 k €
  19. 2006
    Annual accounts 2006-18,4 k €
  20. 18/05/1989
    IncorporationPublic limited company