COUPE PATRICK
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 5 November 2026.
Annual accounts 2024 filed on 11-12-2025 PDF all 22 filings
Turnover
≈ €130,000
Estimated: probably between €100,000 and €160,000
Total assets
€62,116▲ 32.9%
2023 · €46,724
Net result
-€1,741▲ 96.0%
2023 · -€43,100
Working capital
€14,326▼ 7.9%
2023 · €15,560
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€641
2024
20182024
Net result
-€1,741
▲ 96.0%
2024
middle half of the sector
20182024
Equity
€16,256
▼ 9.7%
2024
middle half of the sector
20182024
Total assets
€62,116
▲ 32.9%
2024
middle half of the sector
20182024
Debt
€45,859
▲ 59.6%
2024
20182024
Working capital
€14,326
▼ 7.9%
2024
middle half of the sector
20182024
Solvency
26.2%
▼ 12.3pp
2024
middle half of the sector
20182024
Current ratio
1.31
▼ 0.23
2024
middle half of the sector
20182024
Return on assets (ROA)
-2.8%
▲ 89.4pp
2024
middle half of the sector
20182024
Staff (FTE)
1
▼ 47.4%
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€2,839-€15,520€27,468▲ 77.0%€46,573▲ 69.6%-€6,577-€41,201▼ 526%€641
Net result-€4,559-€11,820€24,267above the sector's middle half▲ 105%€39,728above the sector's middle half▲ 63.7%-€5,037within the sector's middle half-€43,100below the sector's middle half▼ 756%-€1,741within the sector's middle half▲ 96.0%
Equity-€9,680-€2,140€26,406within the sector's middle half▲ 12×€66,134above the sector's middle half▲ 150%€61,097within the sector's middle half▼ 7.6%€17,997within the sector's middle half▼ 70.5%€16,256within the sector's middle half▼ 9.7%
Total assets€10,607-€71,748▲ 576%€94,410within the sector's middle half▲ 31.6%€108,838within the sector's middle half▲ 15.3%€113,859within the sector's middle half▲ 4.6%€46,724within the sector's middle half▼ 59.0%€62,116within the sector's middle half▲ 32.9%
Debt€20,287-€69,609▲ 243%€68,004▼ 2.3%€42,704▼ 37.2%€52,762▲ 23.6%€28,727▼ 45.6%€45,859▲ 59.6%
Working capital-€10,534--€3,056▲ 71.0%€21,014within the sector's middle half€60,027above the sector's middle half▲ 186%€57,204above the sector's middle half▼ 4.7%€15,560within the sector's middle half▼ 72.8%€14,326within the sector's middle half▼ 7.9%
Solvency-91.3%-3.0%▲ 94.2pp28.0%within the sector's middle half▲ 25.0pp60.8%above the sector's middle half▲ 32.8pp53.7%within the sector's middle half▼ 7.1pp38.5%within the sector's middle half▼ 15.1pp26.2%within the sector's middle half▼ 12.3pp
Current ratio0.08-0.95▲ 0.871.34within the sector's middle half▲ 0.392.47above the sector's middle half▲ 1.132.08within the sector's middle half▼ 0.381.54within the sector's middle half▼ 0.541.31within the sector's middle half▼ 0.23
Return on assets (ROA)-43.0%-16.5%▲ 59.5pp25.7%above the sector's middle half▲ 9.2pp36.5%above the sector's middle half▲ 10.8pp-4.4%within the sector's middle half▼ 40.9pp-92.2%below the sector's middle half▼ 87.8pp-2.8%within the sector's middle half▲ 89.4pp
Staff (FTE)7.55.7above the sector's middle half▼ 24.0%2.1▼ 63.2%1.9▼ 9.5%1.9=1▼ 47.4%
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a profit of €641, after a loss of €41,201 in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €62,116
Fixed assets
€1,930 ▼ 20.8%
Current assets
€60,186 ▲ 35.9%
Equity and liabilities €62,116
Equity
€16,256 ▼ 9.7%
Debt
€45,859 ▲ 59.6%
Debt's share of the balance-sheet total rises from 61.5% to 73.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,148▲
2023 · -€38,694
Cash flow
-€1,233▲
2023 · -€40,593
Quick ratio
1.25▼
2023 · 1.27
Debt to equity
2.82▲
2023 · 1.60
ROE
-10.7%▲
2023 · -239.5%
Interest coverage
0.45▲
2023 · -20.01
Debt ≤ 1 year
€45,859▲
2023 · €28,727
Income taxes
€2
Staff costs
€53,154▼
2023 · €76,944
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 1 |
| full-time | 1 | 1 | 1 | 1 |
| part-time | 1 | 1 | 1 | - |
| in full-time equivalents | 1.8 | 1.8 | 1.8 | 1 |
| Average over the year, in full-time equivalents | 2.1 | 1.9 | 1.9 | 1 |
| On a permanent contract | 2 | 2 | 2 | 1 |
| Joined | 0 | - | - | - |
| Left | 2 | - | - | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €1,353 | €265 | €941 | - |
| Financial fixed assets | - | - | €110 | - |
| Depreciation and write-downs of the year | €4,840 | €4,266 | €2,507 | €507 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €30,049 | €68,890 | €76,944 | €53,154 | ▼ 30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,413 | €4,510 | €4,598 | €4,840 | €4,266 | €2,507 | €507 | ▼ 79.8% |
| Other operating charges640/8 | - | - | - | €910 | €9,999 | €4,941 | €1,664 | ▼ 66.3% |
| Gross operating margin9900 | €7,346 | €166,819 | €119,107 | €82,372 | €76,578 | €43,191 | €55,966 | ▲ 29.6% |
| Operating profit (loss)9901 | -€2,839 | €15,520 | €27,468 | €46,573 | -€6,577 | -€41,201 | €641 | - |
| Financial income75/76B | - | - | - | €3,268 | €4,634 | €36 | €154 | ▲ 333% |
| Recurring financial income75 | €1 | €484 | €2,784 | €3,268 | €4,634 | €36 | €154 | ▲ 333% |
| Financial charges65/66B | - | - | - | €2,084 | €3,094 | €1,934 | €2,533 | ▲ 31.0% |
| Recurring financial charges65 | €1,635 | €4,185 | €3,022 | €2,084 | €3,094 | €1,934 | €2,533 | ▲ 31.0% |
| Profit (loss) for the period before taxes9903 | -€4,473 | €11,820 | €27,230 | €47,757 | -€5,037 | -€43,100 | -€1,739 | ▲ 96.0% |
| Income taxes67/77 | €86 | - | €2,963 | €8,029 | - | - | €2 | - |
| Profit (loss) for the period9904 | -€4,559 | €11,820 | €24,267 | €39,728 | -€5,037 | -€43,100 | -€1,741 | ▲ 96.0% |
| Profit (loss) for the period to be appropriated9905 | -€4,559 | €11,820 | €24,267 | €39,728 | -€5,037 | -€43,100 | -€1,741 | ▲ 96.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €10,607 | €71,748 | €94,410 | €108,838 | €113,859 | €46,724 | €62,116 | ▲ 32.9% |
| Fixed assets21/28 | €9,653 | €15,097 | €11,381 | €7,894 | €3,893 | €2,437 | €1,930 | ▼ 20.8% |
| Tangible fixed assets22/27 | €9,653 | €14,936 | €11,220 | €7,733 | €3,732 | €2,166 | €1,659 | ▼ 23.4% |
| Plant, machinery and equipment23 | - | - | - | €2,329 | €2,134 | €1,961 | €1,495 | ▼ 23.8% |
| Furniture and vehicles24 | - | - | - | €287 | €246 | €205 | €164 | ▼ 20.0% |
| Leasing and similar rights25 | - | - | - | €5,117 | €1,352 | - | - | - |
| Financial fixed assets28 | - | €161 | €161 | €161 | €161 | €271 | €271 | = |
| Current assets29/58 | €953 | €56,651 | €83,029 | €100,944 | €109,966 | €44,287 | €60,186 | ▲ 35.9% |
| Stocks and contracts in progress3 | - | €7,835 | €7,835 | €7,835 | €7,835 | €7,835 | €2,910 | ▼ 62.9% |
| Stocks30/36 | - | - | - | €7,835 | €7,835 | €7,835 | €2,910 | ▼ 62.9% |
| Amounts receivable within one year40/41 | €281 | €19,436 | €38,353 | €65,755 | €67,861 | €3,407 | €3,266 | ▼ 4.1% |
| Trade receivables40 | - | - | - | - | €32 | €2,696 | €3,266 | ▲ 21.2% |
| Other amounts receivable41 | - | - | - | €65,755 | €67,828 | €712 | - | - |
| Cash at bank and in hand54/58 | €673 | €29,380 | €36,841 | €27,354 | €34,270 | €32,949 | €53,801 | ▲ 63.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €95 | €209 | ▲ 120% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €10,607 | €71,748 | €94,410 | €108,838 | €113,859 | €46,724 | €62,116 | ▲ 32.9% |
| Equity10/15 | -€9,680 | €2,140 | €26,406 | €66,134 | €61,097 | €17,997 | €16,256 | ▼ 9.7% |
| Contributions10/11 | €25,000 | €25,000 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | - | - | €1,406 | €41,134 | €36,097 | €1,406 | €1,406 | = |
| Non-distributable reserves130/1 | - | - | - | €1,406 | €1,406 | €1,406 | €1,406 | = |
| Reserves not available under the articles1311 | - | - | - | €1,406 | €1,406 | €1,406 | €1,406 | = |
| Distributable reserves133 | - | - | - | €39,728 | €34,691 | - | - | - |
| Profit (loss) carried forward14 | -€34,680 | -€22,860 | - | - | - | -€8,409 | -€10,150 | ▼ 20.7% |
| Amounts payable17/49 | €20,287 | €69,609 | €68,004 | €42,704 | €52,762 | €28,727 | €45,859 | ▲ 59.6% |
| Amounts payable after more than one year17 | €8,800 | €9,902 | €5,989 | €1,787 | - | - | - | - |
| Financial debts170/4 | - | - | - | €1,787 | - | - | - | - |
| Amounts payable within one year42/48 | €11,487 | €59,707 | €62,015 | €40,917 | €52,762 | €28,727 | €45,859 | ▲ 59.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,202 | €1,556 | - | - | - |
| Financial debts43 | - | - | - | - | €7,632 | - | €6,577 | - |
| Credit institutions430/8 | - | - | - | - | €7,632 | - | €6,577 | - |
| Trade debts44 | €204 | €28,149 | €6,308 | €10,514 | €6,885 | €8,124 | €11,925 | ▲ 46.8% |
| Suppliers440/4 | - | - | - | €10,514 | €6,885 | €8,124 | €11,925 | ▲ 46.8% |
| Taxes, remuneration and social security45 | - | - | - | €26,202 | €36,690 | €19,268 | €22,130 | ▲ 14.8% |
| Taxes450/3 | - | - | - | €22,143 | €27,585 | €2,904 | €9,227 | ▲ 218% |
| Remuneration and social security454/9 | - | - | - | €4,059 | €9,104 | €16,364 | €12,903 | ▼ 21.2% |
| Other amounts payable47/48 | - | - | - | - | - | €1,334 | €5,228 | ▲ 292% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,559 | €11,820 | €24,267 | €39,728 | -€5,037 | -€43,100 | -€1,741 | ▲ 96.0% |
| + Depreciation and write-downs630 | €2,413 | €4,510 | €4,598 | €4,840 | €4,266 | €2,507 | €507 | ▼ 79.8% |
| Operating cash flow (approximation) | -€2,146 | €16,330 | €28,865 | €44,568 | -€771 | -€40,593 | -€1,233 | ▲ 97.0% |
| Investment in fixed assets (approximation) | - | -€9,954 | -€882 | -€1,353 | -€265 | -€1,051 | €0 | - |
| Change in cash | - | €28,708 | €7,460 | -€9,487 | €6,917 | -€1,321 | €20,851 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,450 companies had the same profile as COUPE PATRICK has now. Two years later, 93.3% were still going and 1.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
93.3%
was still going
5.1%
stopped otherwise
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of COUPE PATRICK itself is higher: 3.1% within 12 months. It rests on far more data about COUPE PATRICK than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,450 companies, not a prediction for COUPE PATRICK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 11-12-2025 | 2025-00582037 | |
| 31-12-2023 | micro format | 22-09-2025 | 2025-00497786 | |
| 31-12-2022 | micro format | 26-10-2023 | 2023-00495055 | |
| 31-12-2021 | micro format | 28-11-2022 | 2022-20527543 | |
| 31-12-2020 | micro format | 17-11-2021 | 2021-77500097 | |
| 31-12-2019 | micro format | 25-11-2020 | 2020-71800480 | |
| 31-12-2018 | micro format | 20-08-2019 | 2019-47800533 | |
| 31-12-2017 | micro format | 26-06-2018 | 2018-23300004 | |
| 31-12-2016 | micro format | 23-06-2017 | 2017-21300480 | |
| 31-12-2015 | abbreviated format | 14-06-2016 | 2016-18400229 |