ACTIVE

PALAE

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Financial year 2025 · closed on 31/12/2025

Net result

161 k €

+204.4% YoY

Gross margin

405,3 k €

+31.6% YoY

Equity

607,7 k €

+36.0% YoY

Workforce

3,9 ETP

-18.8% YoY

What does PALAE do?

PALAE is a Private limited company incorporated in 2013. Its main activity is: Retail sale of other household equipment in specialised stores. Its registered office is in Walcourt. It employs on average 3,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0540.555.462

Incorporation

29/06/2013

Legal form

Private limited company

Registered office

Route de Philippeville(Tar) 92
5651 Walcourt · WallonieSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

3,9 ETP

Activities (NACE)

47551Retail sale of other household equipment in specialised stores· main 47591Retail sale of furniture, lighting equipment and other household articles in specialised stores 47540Retail sale of electrical household appliances in specialised stores 47540Retail sale of electrical household appliances in specialised stores

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	405,3 k €	+31.6%	308 k €	-31.6%	450,1 k €	-31.0%	652,1 k €	+7.9%	604,4 k €	+34.2%	450,5 k €	+1.8%	442,7 k €	+4.9%	422,2 k €	+16.4%	362,7 k €	-15.0%	427 k €	+13.9%	374,9 k €	+11.9%	335,1 k €
EBITDA	216,5 k €	+277%	57,4 k €	-71.8%	203,3 k €	-38.9%	332,5 k €	+10.8%	300,2 k €	+25.0%	240,2 k €	+11.6%	215,2 k €	+20.3%	178,9 k €	+73.4%	103,2 k €	-43.3%	181,9 k €	+43.0%	127,2 k €	+5.3%	120,8 k €
Operating result	180 k €	+539%	28,2 k €	-83.1%	166,7 k €	-43.4%	294,2 k €	+13.0%	260,3 k €	+36.9%	190,1 k €	+19.8%	158,7 k €	+25.3%	126,7 k €	+166%	47,7 k €	-61.7%	124,5 k €	+34.7%	92,4 k €	+14.7%	80,6 k €
Net result	161 k €	+204%	52,9 k €	-65.7%	154 k €	-43.2%	271,1 k €	+15.4%	235 k €	+30.4%	180,2 k €	+21.3%	148,5 k €	+20.0%	123,8 k €	+104%	60,7 k €	-43.8%	107,9 k €	+37.0%	78,7 k €	+0.1%	78,7 k €
Balance sheet
Equity	607,7 k €	+36.0%	446,8 k €	+13.4%	393,9 k €	-19.0%	486 k €	+126%	214,9 k €	+161%	82,5 k €	0.0%	82,5 k €	-54.1%	179,6 k €	-20.5%	225,9 k €	-26.0%	305,2 k €	+54.6%	197,4 k €	+66.3%	118,7 k €
Total assets	1 M €	+6.9%	943,9 k €	+1.9%	926,6 k €	-22.2%	1,2 M €	+7.4%	1,1 M €	+30.1%	852,3 k €	-5.6%	902,8 k €	+0.1%	902,1 k €	-3.4%	934 k €	+2.6%	910,2 k €	+34.6%	676,3 k €	+40.8%	480,5 k €
Cash	502,7 k €	+1325%	35,3 k €	-92.8%	491,5 k €	-4.5%	514,8 k €	+50.6%	341,8 k €	+4.6%	326,9 k €	+0.2%	326,3 k €	-4.3%	340,9 k €	-15.6%	403,8 k €	+0.6%	401,5 k €	+36.1%	295,1 k €	+261%	81,7 k €
Debts	400,9 k €	-19.4%	497,2 k €	+0.9%	492,5 k €	-23.7%	645,4 k €	-23.5%	843,8 k €	+22.1%	691 k €	-5.1%	727,8 k €	+8.1%	673,2 k €	-2.3%	689,2 k €	+18.7%	580,4 k €	+25.1%	464 k €	+28.3%	361,7 k €
Other
Workforce	3,9 ETP	-18.8%	4,8 ETP	-4.0%	5,0 ETP	-13.8%	5,8 ETP	+5.5%	5,5 ETP	+34.1%	4,1 ETP	+10.8%	3,7 ETP	-5.1%	3,9 ETP	-9.3%	4,3 ETP	-4.4%	4,5 ETP	+4.7%	4,3 ETP	0.0%	4,3 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 · 1 active · 2 ended

Active mandates

VINCENT MERTENS

Director

Active

Ended mandates

Vincent MERTENS

Manager · since 01 octobre 2013

Ended

VINCENT MERTENS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
PALAE INVEST● Active	0699.933.489

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	24/07/2025	29/08/2024	31/08/2023	31/07/2022	17/08/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	24/07/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	26/05/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	31/07/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	17/08/2021	French	PDF
Abridged model	31/12/2019	29/05/2020	26/08/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	12/07/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	27/07/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	03/08/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	28/08/2015	French	PDF

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 · 1 active · 2 ended

Active mandates

VINCENT MERTENS

Director

Active

Ended mandates

Vincent MERTENS

Manager · since 01 octobre 2013

Ended

VINCENT MERTENS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/12/2023
MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares17/02/2016
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other05/01/2015
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Other29/10/2013
DIVERS
PDF
Other16/10/2013
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

2025
Annual accounts 2025161 k €↑
2024
Annual accounts 202452,9 k €↓
2023
Annual accounts 2023154 k €↓
2022
Annual accounts 2022271,1 k €↑
2021
Annual accounts 2021235 k €↑
2020
Annual accounts 2020180,2 k €↑
2019
Annual accounts 2019148,5 k €↑
2018
Annual accounts 2018123,8 k €↑
2017
Annual accounts 201760,7 k €↓
2016
Annual accounts 2016107,9 k €↑
2015
Annual accounts 201578,7 k €↑
2014
Annual accounts 201478,7 k €
29/06/2013
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PALAE

Overview

What does PALAE do?

Trend over 12 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline