ACTIVE

PALM REAL ESTATE DEVELOPMENT

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Financial year 2025 · Closed on 30/09/2025

Net result-3,7 M €-266,1 %over 1 year
Gross margin1,9 M €
Equity1,9 M €-66,2 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

PALM REAL ESTATE DEVELOPMENT is a Public limited company incorporated in 2014. Its main activity is: Buying and selling of own real estate. Its registered office is in Knokke-Heist.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0506.692.762
Incorporation
02/12/2014
Legal form
Public limited company
Registered office
Cottagepad 5
8300 Knokke-Heist · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
30/09/2025
Average workforce
0,0 ETP
Joint committees (1)
  • 20000
Signals
Good liquidityPositive EBITDAHealthy social debts

Financials

Source · NBB, 11 filings

Trend over 6 financial years

20252024202320222018
Income statement
Gross margin1,9 M €–2,7 M €6,4 M €1,3 M €
EBITDA1,7 M €2,5 M €2,6 M €6,1 M €1,1 M €
Operating result-1,7 M €2,5 M €2,6 M €6,1 M €1,1 M €
Net result-3,7 M €2,3 M €-954,1 k €3,2 M €27,2 k €
Balance sheet
Equity1,9 M €5,6 M €3,4 M €4,4 M €1,1 M €
Total assets31,9 M €37,4 M €51,9 M €61,9 M €54,1 M €
Cash677,4 k €422,8 k €134,7 k €115,8 k €1,1 M €
Debts29,9 M €30,4 M €47,5 M €56,8 M €52,9 M €
Other
Workforce0,0 ETP0,0 ETP1,0 ETP1,0 ETP1,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 10 ended

Active mandates

Eric Geerts

Director · since 03 octobre 2024

Active
Philippe Verellen

Managing director

Active

Ended mandates

PETER SMOLDERS

Managing director · since 26 août 2020 · until 26 août 2026 · 0841.387.995

Represented by Smolders Peter

Ended
PETER SMOLDERS

Managing director · since 26 août 2020 · until 26 août 2026 · 0841.387.995

Represented by Smolders Peter

Ended
Paul Van Den Heuvel

Director · since 31 mai 2016 · until 26 août 2020

Ended
Paul Van Den Heuvel

Director · since 31 mai 2016 · until 15 décembre 2022

Ended

Other companies at this address

Cottagepad 5 8300 Knokke-Heist
CompanyCBE no.
BEDRUS INVEST● Active
0731.588.054
BOORTSIDE● Active
0462.108.988
CODEMCO● Active
0848.172.156
Codemco & Partners III● Active
0723.546.556
Codemco & Partners IX● Active
0770.678.163
Codemco & Partners VIII● Active
0770.673.611
DE POORT VAN BERLAAR● Active
0535.802.858
POORT VAN EMBLEM● Active
0426.781.687
STAR IMMO● Active
0670.488.942
Vereniging van Mede-eigenaars Residentie Tou-La-Ho Knokke-Heist(Knokke) Cottagepad 5● Active
0897.538.921
V.M.E. RES. CAP FEIRAT● Active
0851.530.138
Werchter Sint Jans-Rochus OG● Active
0718.857.694

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelFull modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/09/202530/09/202430/09/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months15 months12 months12 months12 months
Filing date27/04/202629/03/202502/12/202402/12/202428/01/202222/01/2021
General meeting10/04/202621/03/202521/11/202421/11/202431/12/202118/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 11 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202510/04/202627/04/2026DutchPDF
Full model30/09/202421/03/202529/03/2025DutchPDF
Abridged model30/09/202321/11/202402/12/2024DutchPDF
Abridged modelCorrection30/06/202221/11/202402/12/2024DutchPDF
Abridged model30/06/202230/12/202226/01/2023DutchPDF
Abridged model30/06/202131/12/202128/01/2022DutchPDF
Abridged model30/06/202018/12/202022/01/2021DutchPDF
Abridged model30/06/201931/12/201929/01/2020DutchPDF
Abridged model30/06/201816/01/201905/02/2019DutchPDF
Abridged model30/06/201727/12/201726/01/2018DutchPDF
Abridged model30/09/201525/02/201622/03/2016DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 10 ended

Active mandates

Eric Geerts

Director · since 03 octobre 2024

Active
Philippe Verellen

Managing director

Active

Ended mandates

PETER SMOLDERS

Managing director · since 26 août 2020 · until 26 août 2026 · 0841.387.995

Represented by Smolders Peter

Ended
PETER SMOLDERS

Managing director · since 26 août 2020 · until 26 août 2026 · 0841.387.995

Represented by Smolders Peter

Ended
Paul Van Den Heuvel

Director · since 31 mai 2016 · until 26 août 2020

Ended
Paul Van Den Heuvel

Director · since 31 mai 2016 · until 15 décembre 2022

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/11/2024
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/12/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring28/12/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates05/11/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office25/04/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other09/11/2016
    ALGEMENE VERGADERING - BOEKJAAR
    PDF

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 2025-3,7 M €↓
  2. 03/10/2024
    nominationEric Geerts — bestuurder
  3. 2024
    Annual accounts 20242,3 M €↑
  4. 12/07/2024
    nominationPhilip Verellen — gedelegeerd bestuurder
  5. 2023
    Annual accounts 2023-954,1 k €↓
  6. 22/02/2023
    nominationGCV Peter Smolders — gedelegeerd-bestuurder
  7. 2022
    Annual accounts 20223,2 M €↑
  8. 2018
    Annual accounts 201827,2 k €↑
  9. 2015
    Annual accounts 2015-207,7 k €
  10. 02/12/2014
    IncorporationPublic limited company