ACTIVE

PAL MRS

Financial year 2025 · closed on 31/12/2025
Net result
-588,7 k €
-99.9% YoY
Gross margin
765 k €
-22.7% YoY
Equity
6,2 M €
-8.7% YoY

What does PAL MRS do?

PAL MRS is a Public limited company incorporated in 2020. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0749.491.086
Incorporation
29/06/2020
Legal form
Public limited company
Registered office
Avenue des Arts 58
1000 Bruxelles · BruxellesSee on map
Contributed capital
7 250 000,00 €
Latest accounts
31/12/2025
Signals
Solid equityPositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin765 k €990 k €882,7 k €-35,3 k €-23,8 k €
EBITDA669,4 k €896,1 k €882,7 k €-36,3 k €-24,1 k €
Operating result-66,9 k €202,5 k €314,8 k €-36,3 k €-24,1 k €
Net result-588,7 k €-294,4 k €-103,1 k €-36,6 k €-24,5 k €
Balance sheet
Equity6,2 M €6,7 M €7 M €942,6 k €979,2 k €
Total assets19,6 M €20,6 M €19,5 M €18,1 M €9,1 M €
Cash259,5 k €460,9 k €24,5 k €111,5 k €164 k €
Debts13,2 M €13,2 M €11,8 M €17,2 M €8,2 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 2 ended

Active mandates

Nicolas DE BLIECK

Director · since 04 février 2025 · until 25 mars 2026

Active
Marc KRAMER

Director · since 26 mars 2024 · until 25 mars 2026

Active
Amand Benoît D'Hondt

Director · since 29 juin 2020 · until 25 mars 2026 · 0578.887.882

Represented by Amand Benoît D'HONDT

Active
Christophe MIGNOT

Director · since 29 juin 2020 · until 25 mars 2026

Active

Ended mandates

Armelle MOALIC

Director · since 31 mars 2021 · until 25 mars 2026

Ended
Carine VAN BENEDEN

Director · since 29 juin 2020 · until 25 mars 2026

Ended
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Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months12 months
Filing date20/04/202618/04/202515/04/202417/04/202319/04/2022
General meeting25/03/202626/03/202527/03/202422/03/202323/03/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202525/03/202620/04/2026FrenchPDF
Abridged model31/12/202426/03/202518/04/2025FrenchPDF
Abridged model31/12/202327/03/202415/04/2024FrenchPDF
Abridged model31/12/202222/03/202317/04/2023FrenchPDF
Abridged model31/12/202123/03/202219/04/2022FrenchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 2 ended

Active mandates

Nicolas DE BLIECK

Director · since 04 février 2025 · until 25 mars 2026

Active
Marc KRAMER

Director · since 26 mars 2024 · until 25 mars 2026

Active
Amand Benoît D'Hondt

Director · since 29 juin 2020 · until 25 mars 2026 · 0578.887.882

Represented by Amand Benoît D'HONDT

Active
Christophe MIGNOT

Director · since 29 juin 2020 · until 25 mars 2026

Active

Ended mandates

Armelle MOALIC

Director · since 31 mars 2021 · until 25 mars 2026

Ended
Carine VAN BENEDEN

Director · since 29 juin 2020 · until 25 mars 2026

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/04/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/06/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/04/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares21/02/2023
    CAPITAL, ACTIONS
    PDF
  • Mandates28/05/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Other26/03/2021
    DIVERS
    PDF
  • Other01/07/2020
    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

Timeline

  1. 2025
    Annual accounts 2025-588,7 k €
  2. 2024
    Annual accounts 2024-294,4 k €
  3. 2023
    Annual accounts 2023-103,1 k €
  4. 2022
    Annual accounts 2022-36,6 k €
  5. 2021
    Annual accounts 2021-24,5 k €
  6. 29/06/2020
    IncorporationPublic limited company