ACTIVE

PALMYRA BRANDS

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Financial year 2023 · closed on 31/12/2023

Net result

-49,6 M €

-7235.9% YoY

Revenue

712 k €

+120.0% YoY

Equity

88,7 M €

-35.9% YoY

Workforce

4,5 ETP

-2.2% YoY

What does PALMYRA BRANDS do?

PALMYRA BRANDS is a Public limited company incorporated in 2009. Its main activity is: Activities of holding companies. Its registered office is in Wommelgem. It employs on average 4,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0819.977.424

Incorporation

22/10/2009

Legal form

Public limited company

Registered office

Selsaetenstraat 50 B
2160 Wommelgem · FlandreSee on map

Contributed capital

82 200 000,00 €

Latest accounts

31/12/2023

Average workforce

4,5 ETP

Activities (NACE)

64210Activities of holding companies· main 70200Management consultancy activities 70220Business and other management consultancy activities 64200Activities of holding companies 64210Activities of holding companies 68100Buying and selling of own real estate+1

Joint committees (3)

Signals

Solid equityLow riskHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2012		2010
Income statement
Revenue	712 k €	+120%	323,6 k €	+183%	114,5 k €	-63.6%	315 k €	-20.7%	397,1 k €	-63.3%	1,1 M €	-20.5%	1,4 M €	+21.6%	1,1 M €	-97.3%	42,1 M €	+3849%	1,1 M €	+66.1%	641,4 k €	+301%	159,8 k €	-67.4%	490,3 k €	+26999%	1,8 k €
EBITDA	-1,1 M €	-139%	2,9 M €	+348%	-1,2 M €	-109%	12,5 M €	+579%	-2,6 M €	-16.9%	-2,2 M €	-80.3%	-1,2 M €	-16.7%	-1,1 M €	-103%	40,1 M €	+4282%	915,9 k €	+444%	-266,1 k €	+51.0%	-543,5 k €	-419%	-104,7 k €	-9.9%	-95,3 k €
Operating result	-1,3 M €	-146%	2,8 M €	+310%	-1,3 M €	-111%	12,3 M €	+550%	-2,7 M €	-14.6%	-2,4 M €	-76.4%	-1,4 M €	-24.8%	-1,1 M €	-103%	40,1 M €	+4365%	898,5 k €	+420%	-281 k €	+49.0%	-550,9 k €	-407%	-108,7 k €	-3.9%	-104,6 k €
Net result	-49,6 M €	-7236%	695,3 k €	-98.2%	38,2 M €	+709%	4,7 M €	+135%	-13,7 M €	-83.5%	-7,4 M €	-80.5%	-4,1 M €	-170%	-1,5 M €	-104%	37,8 M €	+12961%	289,6 k €	+38.1%	209,7 k €	-78.3%	965,5 k €	+559%	-210,4 k €	-361185%	58,3 €
Balance sheet
Equity	88,7 M €	-35.9%	138,3 M €	+0.5%	137,6 M €	+38.4%	99,4 M €	-7.1%	107 M €	-11.3%	120,7 M €	-5.8%	128,1 M €	-3.1%	132,2 M €	-1.0%	133,6 M €	+39.5%	95,8 M €	+0.3%	95,5 M €	+0.2%	95,3 M €	+13.5%	84 M €	+282%	22 M €
Total assets	128,4 M €	-28.8%	180,4 M €	+1.0%	178,7 M €	+5.4%	169,5 M €	-31.6%	247,9 M €	+9.2%	227 M €	-2.8%	233,6 M €	+21.8%	191,8 M €	+4.9%	182,9 M €	+41.1%	129,7 M €	+5.4%	123 M €	+3.4%	118,9 M €	-1.0%	120,2 M €	+176%	43,6 M €
Cash	13,8 k €	-99.6%	3,6 M €	-3.8%	3,7 M €	+963%	347,1 k €	+152%	137,6 k €	-94.5%	2,5 M €	-89.5%	24 M €	+2409%	955,3 k €	+105%	466,5 k €	-80.8%	2,4 M €	+1099%	202,3 k €	-16.1%	241,3 k €	+18.4%	203,8 k €	+3494%	5,7 k €
Debts	38,1 M €	-8.8%	41,8 M €	+8.6%	38,5 M €	-44.4%	69,2 M €	-50.8%	140,6 M €	+33.6%	105,2 M €	+0.4%	104,8 M €	+78.9%	58,6 M €	+20.8%	48,5 M €	+53.6%	31,6 M €	+26.1%	25 M €	+13.1%	22,1 M €	-36.6%	34,9 M €	+65.9%	21 M €
Other
Workforce	4,5 ETP	-2.2%	4,6 ETP	-22.0%	5,9 ETP	-50.8%	12,0 ETP	+8.1%	11,1 ETP	+0.9%	11,0 ETP	+27.9%	8,6 ETP	-17.3%	10,4 ETP	-2.8%	10,7 ETP	+64.6%	6,5 ETP	+62.5%	4,0 ETP	-16.7%	4,8 ETP	+380%	1,0 ETP	0.0%	1,0 ETP

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 31/12/2023 · 3 active · 34 ended

Active mandates

IRIDA

Managing director · since 30 juin 2021 · until 30 juin 2027 · 0897.851.992

Represented by Lodewijk Van den Brande

Active

POEKA

Director · since 30 juin 2021 · until 30 juin 2027 · 0826.845.024

Represented by Jan Van den Brande

Active

VALRICHE

Director · since 30 juin 2021 · until 30 juin 2027 · 0758.392.520

Represented by Dirk Van den Brande

Active

Ended mandates

IRIDA

Managing director · since 30 juin 2021 · until 30 juin 2027 · 0897.851.992

Represented by Lodewijk VAN DEN BRANDE

Ended

VALRICHE

Director · since 16 décembre 2020 · until 15 décembre 2026 · 0758.392.520

Represented by Dirk Van den Brande

Ended

VYVEY & C°, BEDRIJFSREVISOREN

Auditor · since 08 mai 2020 · until 30 juin 2023 · 0859.596.677

Represented by Steven (A01917) Vyvey

Ended

Dirk Van den Brande

Director · since 11 mai 2018 · until 16 décembre 2020

Ended

At this address

Other companies at this address

Company	CBE no.
ORELIA ZORG● Active	0810.196.557

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Consolidated accounts	Consolidated accounts
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/09/2025	28/11/2024	31/07/2023	29/07/2022	04/08/2021	01/08/2020
General meeting	10/09/2025	08/11/2024	31/07/2023	30/06/2022	30/07/2021	31/07/2020
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

28 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	10/09/2025	11/09/2025	Dutch	PDF
Full model	31/12/2023	08/11/2024	28/11/2024	Dutch	PDF
Consolidated accounts	31/12/2023	20/12/2024	23/12/2024	Dutch	PDF
Full model	31/12/2022	31/07/2023	31/07/2023	Dutch	PDF
Consolidated accountsCorrection	31/12/2022	31/07/2023	23/12/2024	Dutch	PDF
Consolidated accounts	31/12/2022	31/07/2023	31/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Consolidated accounts	31/12/2021	30/06/2022	31/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	29/07/2021	Dutch	PDF
Consolidated accounts	31/12/2020	30/07/2021	04/08/2021	Dutch	PDF
Full model	31/12/2019	22/06/2020	30/07/2020	Dutch	PDF
Consolidated accounts	31/12/2019	31/07/2020	01/08/2020	Dutch	PDF
Full model	31/12/2018	21/06/2019	01/07/2019	Dutch	PDF
Consolidated accounts	31/12/2018	21/06/2019	26/07/2019	Dutch	PDF
Full model	31/12/2017	22/06/2018	05/07/2018	Dutch	PDF
Consolidated accounts	31/12/2017	22/06/2018	16/07/2018	Dutch	PDF
Full model	31/12/2016	12/05/2017	26/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	30/06/2017	24/07/2017	Dutch	PDF
Full model	31/12/2015	31/07/2016	29/08/2016	Dutch	PDF
Consolidated accounts	31/12/2015	30/09/2016	24/10/2016	Dutch	PDF
Full model	31/12/2014	31/07/2015	31/08/2015	Dutch	PDF
Consolidated accounts	31/12/2014	30/09/2015	30/09/2015	Dutch	PDF
Full model	31/12/2013	29/09/2014	30/09/2014	Dutch	PDF
Consolidated accounts	31/12/2013	28/11/2014	11/12/2014	Dutch	PDF

View all 28 filings

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 31/12/2023 · 3 active · 34 ended

Active mandates

IRIDA

Managing director · since 30 juin 2021 · until 30 juin 2027 · 0897.851.992

Represented by Lodewijk Van den Brande

Active

POEKA

Director · since 30 juin 2021 · until 30 juin 2027 · 0826.845.024

Represented by Jan Van den Brande

Active

VALRICHE

Director · since 30 juin 2021 · until 30 juin 2027 · 0758.392.520

Represented by Dirk Van den Brande

Active

Ended mandates

IRIDA

Managing director · since 30 juin 2021 · until 30 juin 2027 · 0897.851.992

Represented by Lodewijk VAN DEN BRANDE

Ended

VALRICHE

Director · since 16 décembre 2020 · until 15 décembre 2026 · 0758.392.520

Represented by Dirk Van den Brande

Ended

VYVEY & C°, BEDRIJFSREVISOREN

Auditor · since 08 mai 2020 · until 30 juin 2023 · 0859.596.677

Represented by Steven (A01917) Vyvey

Ended

Dirk Van den Brande

Director · since 11 mai 2018 · until 16 décembre 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates01/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/12/2018
ONTSLAGEN - BENOEMINGEN
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

22/10/2025
nominationPoeka BV — gedelegeerd bestuurder
2023
Annual accounts 2023-49,6 M €↓
01/01/2023
reconductionVyvey & Co — commissaris
2022
Annual accounts 2022695,3 k €↓
2021
Annual accounts 202138,2 M €↑
2020
Annual accounts 20204,7 M €↑
2019
Annual accounts 2019-13,7 M €↓
2018
Annual accounts 2018-7,4 M €↓
2017
Annual accounts 2017-4,1 M €↓
2016
Annual accounts 2016-1,5 M €↓
2015
Annual accounts 201537,8 M €↑
2014
Annual accounts 2014289,6 k €↑
2013
Annual accounts 2013209,7 k €↓
2012
Annual accounts 2012965,5 k €↑
2012
Annual accounts 2012-210,4 k €↓
2012
Name changePalmyra Brands
2010
Annual accounts 201058,3 €
2010
Name changePALMINVEST
22/10/2009
IncorporationPublic 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

PALMYRA BRANDS

Overview

What does PALMYRA BRANDS do?

Trend over 14 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