Normandie Patrick
ActiveNormandie Patrick has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €106k and a net result of €20k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 58% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability64▼-2
Solvency79▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 1.63 against 2.76 in 2023; short-term debt: 19.6% and cash: 11.4% of total assets), and 46% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-12-2025, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
152 d late
2023
90 d late
2022
32 d late
2021
60 d late
2020
4 d early
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€106k▲ 24.0%
2023 · €85k
2018: €37k
2019: €44k
2020: €49k
2021: €77k
2022: €96k
2023: €85k
2018 → 2024
Total assets
€196k▲ 13.0%
2023 · €173k
2018: €166k
2019: €152k
2020: €137k
2021: €157k
2022: €224k
2023: €173k
2018 → 2024
Net result
€20k
2023 · €-4k
2018: €-1k
2019: €6k
2020: €5k
2021: €28k
2022: €20k
2023: €-4k
2018 → 2024
Working capital
€24k▼ 44.6%
2023 · €44k
2018: €21k
2019: €32k
2020: €32k
2021: €57k
2022: €50k
2023: €44k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€49k-€77k▲ 57.6%€96k▲ 25.5%€85k▼ 11.4%€106k▲ 24.0%
Operating result€8k-€39k▲ 386%€23k▼ 41.7%€-1k€30k
Net result€5k-€28k▲ 483%€20k▼ 30.3%€-4k€20k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €30k after a loss of €1k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €196k
Fixed assets
€133k▲ 27.5%
Current assets
€63k▼ 8.9%
Equity and liabilities €196k
Equity
€106k▲ 24.0%
Debt
€90k▲ 2.4%
The debt ratio falls from 50.8% to 46.0%. Equity and debt are higher.
Key figures and ratios
Solvency
54.0%▲
2023 · 49.2%
Current ratio
1.63▼
2023 · 2.76
Quick ratio
1.44▼
2023 · 2.19
Debt / equity
0.85▼
2023 · 1.03
ROE
19.4%▲
2023 · -5.0%
ROA
10.4%▲
2023 · -2.5%
Debt
€90k▲
2023 · €88k
Debt ≤ 1 year
€38k▲
2023 · €25k
Debt > 1 year
€52k▼
2023 · €63k
Income taxes
€6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€173k€196k▲
Fixed assets21/28€104k€133k▲
Intangible fixed assets21€4k€4k=
Tangible fixed assets22/27€100k€129k▲
Plant, machinery and equipment23€45k€73k▲
Furniture and vehicles24€3k€3k=
Leasing and similar rights25€52k€52k=
Current assets29/58€69k€63k▼
Stocks and contracts in progress3€14k€7k▼
Stocks30/36€14k€7k▼
Amounts receivable within one year40/41€40k€30k▼
Trade receivables40€6k€1k▼
Other amounts receivable41€34k€29k▼
Cash at bank and in hand54/58€12k€22k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€173k€196k▲
Equity10/15€85k€106k▲
Contributions10/11€19k€19k=
Reserves13€53k€73k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€51k€71k▲
Profit (loss) carried forward14€14k€14k=
Amounts payable17/49€88k€90k▲
Amounts payable after more than one year17€63k€52k▼
Financial debts170/4€63k€52k▼
Amounts payable within one year42/48€25k€38k▲
Current portion of amounts payable after more than one year42€18k€13k▼
Trade debts44€2k€17k▲
Suppliers440/4€2k€17k▲
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€8k▲
Other amounts payable47/48-€371
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k-
Other operating charges640/8€396€472▲
Gross operating margin9900€32k€30k▼
Operating profit (loss)9901€-1k€30k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-4k€27k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€-4k€20k▲
Profit (loss) for the period to be appropriated9905€-4k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€35k▲
Profit (loss) brought forward from the previous period14P€18k€14k▼
Transfer to equity691/2-€20k
To other reserves6921-€20k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 152 days late
2024
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-12
Financial
Equity above €100kEq €106k ▲24%
Equity rises from €85k to €106k.
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
31-12
Financial
Weakest financial yearnet €-4k ▼122%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Highest result since 2018net €28k ▲483%
Operating result €39k, net result €28k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lede · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grotesteenweg 3569340 Lede1 establishment unit
Normandie Patrick
since 20092.184.313.603
Similar companies · same sector, comparable size
MVD International
BE 0746.740.444
Antwerpen · Eq €106k
LE PEINTRE
BE 0876.027.190
Anderlecht · Eq €105k
RENOVA PARKET
BE 0667.888.847
Ingelmunster · Eq €105k
QUERCUS P.R.
BE 0818.102.849
Houthalen-Helchteren · Eq €104k
R.P. INTERIEUR
BE 0480.045.872
Linter · Eq €103k
Of 746 companies in sector 43332 we hold annual accounts for 411. 354 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2009
Fiscal year end31-12
Activities, NACEBEL
43332Laying of wooden floor and wall coverings
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filings
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.