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PARTOOL

Active
Public limited companyfounded 197649 yrs activeTorhoutsesteenweg 607, 8400 Oostende, BelgiumKBO/BCE: BE 0416.626.084
Summary

PARTOOL has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.91M and a net result of €91k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 59% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability47▲+6
Solvency78▲+4
Growth68=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity ample (current ratio 2.13 against 1.98 in 2024; short-term debt: 46% and cash: 1% of total assets), and 47.3% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 49 years 0 50 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
52.7%
Return on assets
1.2%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
66 d early
2024
14 d early
2023
23 d early
2022
59 d late
2021
46 d early
2020
26 d late
2019
102 d early
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover
€11.56M▲ 4.1%
2023 · €11.10M
2022: €10.57Mlowest in 3 years 2023: €11.10M▲ +5.1% vs 2022 2024: €11.56M▲ +4.1% vs 2023highest in 3 years
2022 → 2024
EBIT margin
1.1%=
2023 · 1.1%
2022: -1.2%lowest in 3 years 2023: 1.1%▲ +190% vs 2022highest in 3 years 2024: 1.1%▼ -1.1% vs 2023
2022 → 2024
Net result
€91k▲ 11.7%
2024 · €81k
2018: €-34k 2019: €699▲ +102% vs 2018 2020: €-48k▼ -6912% vs 2019 2021: €10k▲ +120% vs 2020 2022: €-117k▼ -1320% vs 2021lowest in 8 years 2023: €83k▲ +171% vs 2022 2024: €81k▼ -2.7% vs 2023 2025: €91k▲ +11.7% vs 2024highest in 8 years
2018 → 2025
Working capital
€3.87M▲ 4.7%
2024 · €3.70M
2018: €980klowest in 8 years 2019: €1.04M▲ +6.6% vs 2018 2020: €3.30M▲ +216% vs 2019 2021: €3.37M▲ +2.1% vs 2020 2022: €3.32M▼ -1.5% vs 2021 2023: €3.64M▲ +9.7% vs 2022 2024: €3.70M▲ +1.6% vs 2023 2025: €3.87M▲ +4.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€10.57M€11.10M▲ 5.1%€11.56M▲ 4.1% 2022: €10.57Mlowest in 3 years 2023: €11.10M▲ +5.1% vs 2022 2024: €11.56M▲ +4.1% vs 2023highest in 3 years
Equity€3.64M-€3.52M▼ 3.2%€3.74M▲ 6.1%€3.82M▲ 2.2%€3.91M▲ 2.4% 2021: €3.64M 2022: €3.52M▼ -3.2% vs 2021lowest in 5 years 2023: €3.74M▲ +6.1% vs 2022 2024: €3.82M▲ +2.2% vs 2023 2025: €3.91M▲ +2.4% vs 2024highest in 5 years
Operating result€12k-€-130k€122k€126k▲ 3.0%€128k▲ 1.9% 2021: €12k 2022: €-130k▼ -1222% vs 2021lowest in 5 years 2023: €122k▲ +194% vs 2022 2024: €126k▲ +3.0% vs 2023 2025: €128k▲ +1.9% vs 2024highest in 5 years
Net result€10k-€-117k€83k€81k▼ 2.7%€91k▲ 11.7% 2021: €10k 2022: €-117k▼ -1320% vs 2021lowest in 5 years 2023: €83k▲ +171% vs 2022 2024: €81k▼ -2.7% vs 2023 2025: €91k▲ +11.7% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
€-200k€-100k€0€100kOperating result 2021: €12k€12kNet result 2021: €10k€10kOperating result 2022: €-130k€-130kNet result 2022: €-117k€-117kOperating result 2023: €122k€122kNet result 2023: €83k€83kOperating result 2024: €126k€126kNet result 2024: €81k€81kOperating result 2025: €128k€128kNet result 2025: €91k€91k20212022202320242025€0€50k€100k€150kOperating result 2023: €122k€122kNet result 2023: €83k€83kOperating result 2024: €126k€126kNet result 2024: €81k€81kOperating result 2025: €128k€128kNet result 2025: €91k€91k202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.42M
Fixed assets €138k ▼ 42.8%
Current assets €7.28M ▼ 2.6%
Equity and liabilities €7.42M
Equity €3.91M ▲ 2.4%
Debt €3.51M ▼ 9.9%
Debt's share of the balance-sheet total falls from 50.5% to 47.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€249k▲
2024 · €222k
Cash flow
€212k▲
2024 · €177k
Current ratio
2.13▲
2024 · 1.98
Quick ratio
0.50▼
2024 · 0.56
Debt to equity
0.90▼
2024 · 1.02
ROE
2.3%▲
2024 · 2.1%
ROA
1.2%▲
2024 · 1.1%
Interest coverage
3.18▼
2024 · 3.39
Debt ≤ 1 year
€3.41M▼
2024 · €3.78M
Debt > 1 year
€88k▼
2024 · €120k
Income taxes
€52k▲
2024 · €51k
Staff costs
€1.09M▼
2024 · €1.14M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 78 lines
Balance sheet Code20242025
Assets
Total assets20/58€7.71M€7.42M▼
Fixed assets21/28€242k€138k▼
Intangible fixed assets21€3k€0▼
Tangible fixed assets22/27€239k€138k▼
Plant, machinery and equipment23€85k€56k▼
Furniture and vehicles24€26k€23k▼
Other tangible fixed assets26€128k€59k▼
Financial fixed assets28€149€149=
Other financial fixed assets284/8€149-
Amounts receivable and cash guarantees285/8€149-
Current assets29/58€7.47M€7.28M▼
Stocks and contracts in progress3€5.38M€5.59M▲
Stocks30/36€5.38M€5.59M▲
Goods purchased for resale34€5.38M-
Amounts receivable within one year40/41€2.01M€1.61M▼
Trade receivables40€2.00M€1.60M▼
Other amounts receivable41€11k€8k▼
Cash at bank and in hand54/58€88k€78k▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€7.71M€7.42M▼
Equity10/15€3.82M€3.91M▲
Contributions10/11€278k€278k=
Capital10€278k€278k=
Issued capital100€278k€278k=
Reserves13€3.54M€3.63M▲
Non-distributable reserves130/1€28k€28k=
Legal reserve130€28k€28k=
Tax-exempt reserves132€60k€60k=
Distributable reserves133€3.45M€3.54M▲
Amounts payable17/49€3.90M€3.51M▼
Amounts payable after more than one year17€120k€88k▼
Financial debts170/4€32k€0▼
Credit institutions173€32k-
Other amounts payable178/9€88k€88k=
Amounts payable within one year42/48€3.78M€3.41M▼
Current portion of amounts payable after more than one year42€33k€32k▼
Financial debts43€839k€1.12M▲
Credit institutions430/8€839k€1.12M▲
Trade debts44€1.22M€708k▼
Suppliers440/4€1.22M€708k▼
Taxes, remuneration and social security45€249k€194k▼
Taxes450/3€110k€73k▼
Remuneration and social security454/9€139k€122k▼
Other amounts payable47/48€1.43M€1.36M▼
Accrued charges and deferred income492/3€1k€12k▲
Income statement Code20242025
Operating income70/76A€11.62M-
Turnover70€11.56M-
Own construction capitalised72€5k-
Other operating income74€55k-
Non-recurring operating income76A€0-
Operating charges60/66A€11.50M-
Goods for resale, raw materials and consumables60€8.69M-
Purchases600/8€8.84M-
Change in stocks: decrease (increase)609€-147k-
Services and other goods61€1.55M-
Remuneration, social security and pensions62€1.14M€1.09M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€121k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€20k€15k▼
Non-recurring operating charges66A€0€355▲
Gross operating margin9900-€1.35M
Operating profit (loss)9901€126k€128k▲
Financial income75/76B€99k€93k▼
Recurring financial income75€99k€93k▼
Other financial income752/9€99k-
Financial charges65/66B€93k€78k▼
Recurring financial charges65€93k€78k▼
Debt charges650€65k-
Other financial charges652/9€27k-
Profit (loss) for the period before taxes9903€132k€142k▲
Income taxes67/77€51k€52k▲
Taxes670/3€51k-
Profit (loss) for the period9904€81k€91k▲
Profit (loss) for the period to be appropriated9905€81k€91k▲
Appropriation of the result
Profit (loss) to be appropriated9906€81k€91k▲
Transfer to equity691/2€81k€91k▲
To other reserves6921€81k€91k▲
Social balance
Average headcount (FTE)908722.821.6▼

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Operating income70/76A-€10.64M€11.19M€11.62M--
Turnover70-€10.57M€11.10M€11.56M--
Own construction capitalised72---€5k--
Other operating income74-€72k€67k€55k--
Non-recurring operating income76A--€23k€0--
Operating charges60/66A-€10.77M€11.07M€11.50M--
Goods for resale, raw materials and consumables60-€8.05M€8.21M€8.69M--
Purchases600/8-€8.10M€8.82M€8.84M--
Change in stocks: decrease (increase)609-€-44k€-617k€-147k--
Services and other goods61-€1.45M€1.60M€1.55M--
Remuneration, social security and pensions62€1.22M€1.10M€1.08M€1.14M€1.09M▼ 4.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136k€119k€105k€96k€121k▲ 25.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€33k€35k€0--
Other operating charges640/8€18k€12k€26k€20k€15k▼ 25.0%
Non-recurring operating charges66A--€13k€0€355-
Gross operating margin9900€1.38M---€1.35M-
Operating profit (loss)9901€12k€-130k€122k€126k€128k▲ 1.9%
Financial income75/76B€58k€58k€115k€99k€93k▼ 6.2%
Recurring financial income75€58k€58k€115k€99k€93k▼ 6.2%
Other financial income752/9-€58k€115k€99k--
Financial charges65/66B€33k€45k€85k€93k€78k▼ 15.6%
Recurring financial charges65€33k€45k€85k€93k€78k▼ 15.6%
Debt charges650-€22k€56k€65k--
Other financial charges652/9-€23k€29k€27k--
Profit (loss) for the period before taxes9903€37k€-116k€151k€132k€142k▲ 8.1%
Income taxes67/77€27k€866€68k€51k€52k▲ 2.4%
Taxes670/3-€866€68k€51k--
Profit (loss) for the period9904€10k€-117k€83k€81k€91k▲ 11.7%
Profit (loss) for the period to be appropriated9905€10k€-117k€83k€81k€91k▲ 11.7%
Line20212022202320242025Change
Assets
Total assets20/58€7.01M€7.18M€7.85M€7.71M€7.42M▼ 3.8%
Fixed assets21/28€404k€306k€253k€242k€138k▼ 42.8%
Intangible fixed assets21-€8k€5k€3k€0▼ 100%
Tangible fixed assets22/27€404k€297k€247k€239k€138k▼ 42.2%
Plant, machinery and equipment23€244-€2k€85k€56k▼ 33.6%
Furniture and vehicles24€40k€17k€37k€26k€23k▼ 10.9%
Other tangible fixed assets26€364k€281k€208k€128k€59k▼ 54.2%
Financial fixed assets28€149€149€149€149€149=
Other financial fixed assets284/8-€149€149€149--
Amounts receivable and cash guarantees285/8-€149€149€149--
Current assets29/58€6.60M€6.87M€7.60M€7.47M€7.28M▼ 2.6%
Stocks and contracts in progress3€4.41M€4.45M€5.23M€5.38M€5.59M▲ 4.0%
Stocks30/36€4.41M€4.45M€5.23M€5.38M€5.59M▲ 4.0%
Goods purchased for resale34-€4.45M€5.23M€5.38M--
Amounts receivable within one year40/41€2.06M€2.34M€2.23M€2.01M€1.61M▼ 19.7%
Trade receivables40€2.03M€2.28M€2.20M€2.00M€1.60M▼ 19.6%
Other amounts receivable41€29k€56k€29k€11k€8k▼ 21.2%
Cash at bank and in hand54/58€129k€63k€139k€88k€78k▼ 11.2%
Deferred charges and accrued income490/1€5k€17k€2k€2k€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€7.01M€7.18M€7.85M€7.71M€7.42M▼ 3.8%
Equity10/15€3.64M€3.52M€3.74M€3.82M€3.91M▲ 2.4%
Contributions10/11€278k€278k€278k€278k€278k=
Capital10€278k€278k€278k€278k€278k=
Issued capital100€278k€278k€278k€278k€278k=
Reserves13€3.36M€3.24M€3.46M€3.54M€3.63M▲ 2.6%
Non-distributable reserves130/1€28k€28k€28k€28k€28k=
Legal reserve130€28k€28k€28k€28k€28k=
Tax-exempt reserves132€60k€60k€60k€60k€60k=
Distributable reserves133€3.27M€3.16M€3.37M€3.45M€3.54M▲ 2.6%
Amounts payable17/49€3.37M€3.66M€4.12M€3.90M€3.51M▼ 9.9%
Amounts payable after more than one year17€100k€100k€154k€120k€88k▼ 26.7%
Financial debts170/4--€66k€32k€0▼ 100%
Credit institutions173--€66k€32k--
Other amounts payable178/9€100k€100k€88k€88k€88k=
Amounts payable within one year42/48€3.24M€3.56M€3.96M€3.78M€3.41M▼ 9.6%
Current portion of amounts payable after more than one year42€66k-€32k€33k€32k▼ 4.0%
Financial debts43€429k€1.17M€1.15M€839k€1.12M▲ 33.4%
Credit institutions430/8€429k€1.17M€1.15M€839k€1.12M▲ 33.4%
Trade debts44€1.48M€940k€1.19M€1.22M€708k▼ 42.1%
Suppliers440/4€1.48M€940k€1.19M€1.22M€708k▼ 42.1%
Taxes, remuneration and social security45€218k€259k€264k€249k€194k▼ 21.9%
Taxes450/3€84k€154k€133k€110k€73k▼ 34.0%
Remuneration and social security454/9€134k€105k€131k€139k€122k▼ 12.3%
Other amounts payable47/48€1.04M€1.18M€1.32M€1.43M€1.36M▼ 5.2%
Accrued charges and deferred income492/3€33k€2k€2k€1k€12k▲ 937%
Line20212022202320242025Change
Profit (loss) for the period9904€10k€-117k€83k€81k€91k▲ 11.7%
+ Depreciation and write-downs630€136k€119k€105k€96k€121k▲ 25.8%
Operating cash flow (approximation)€146k€1k€188k€177k€212k▲ 19.3%
Investment in fixed assets (approximation)-€-20k€-52k€-85k€-18k▲ 79.4%
Change in cash-€-65k€75k€-51k€-10k▲ 80.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-09
State Gazette act Resignations: Paul Verhelst (director) and Yvan Verhelst (director)
Reappointments: Filip Verhelst (director) and Berfin (director) · Permanent representative: Bernard Verhelst · Director discharge8 facts ▸
  • General meeting, 25-06-2026
  • Director resignation, Paul Verhelst (director)
  • Director resignation, Yvan Verhelst (director)
  • Director discharge, Paul Verhelst
  • Director discharge, Yvan Verhelst
  • Director reappointment, Filip Verhelst (director)
  • Director reappointment, Berfin (director)
  • Permanent representative, Bernard Verhelst
26-05
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Highest result since 2018net €91k ▲11.7%
Operating result €128k, net result €91k, both a record.
17-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Back to profitnet €83k
Net result €83k after one loss-making year.
28-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 59 days late
2022
31-12
Financial Weakest financial yearnet €-117k
Net result drops to €-117k, the lowest in the series; recovery starts the following year.
15-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Back to profitnet €10k
Net result €10k after one loss-making year.
26-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial Equity above €2MEq €3.63M ▲183%
Equity rises from €1.28M to €3.63M.
Show earlier events
20-04
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Back to profitnet €699
Net result €699 after one loss-making year.
19-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts

Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 directors, last change in 2026
BERFIN
Director · since 25-06-2026 · Private limited company · perm. rep.: Bernard Verhelst
Current
Filip Verhelst
Director · since 25-06-2026
Current
25-06-2026 BERFIN: Mandate renewed as Director
25-06-2026 Filip Verhelst: Mandate renewed as Director
25-06-2026 Paul Verhelst: Resigned as Director
25-06-2026 Yvan Verhelst: Resigned as Director
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oostende · 3 establishment units since 1982
seat establishment All 3 establishment units on the map
Ground area
2.2 ha
Building footprint
8,448 m²
Volume, LiDAR
52,280 m³
3 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
3 establishment units
PARTOOL NV
Torhoutsesteenweg 607, 8400 OostendeManufacture of machinery and equipment not elsewhere classified
since 19822.063.405.081
PARTOOL
Brugse Steenweg 7, 9940 EvergemManufacture of metal structures and parts of structures
since 20212.315.478.882
PARTOOL
Petrus Basteleusstraat 2, 1600 Sint-Pieters-LeeuwManufacture of metal structures and parts of structures
since 20212.315.478.981
3 parcels
Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35020A0154/00E000 Flanders 1.2 ha 1 · 3,742 m² 7.8 m · 2 fl.
23582E0358/00M000 Flanders 1.0 ha 1 · 4,706 m² 7.8 m · 2 fl.
44302E1468/00P002 Flanders 108 m² - -
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Public money · subsidies and aid

Flemish government

2022 to 2025 · 6 entries · 8,394 EUR awarded · 8,292 EUR paid
Year Entries awardedpaid
2025 1 204 EUR438 EUR
2024 1 1,246 EUR910 EUR
2023 2 1,427 EUR1,619 EUR
2022 2 5,517 EUR5,325 EUR
Schemes
Vlaams opleidingsverlof (VOV)
2 entries · 6,752 EUR · 6,752 EUR paid · Departement Werk en Sociale Economie
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
4 entries · 1,642 EUR · 1,540 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 2,503 companies in sector 46649 we hold annual accounts for 1,755. 1,006 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded18-12-1976
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46841Wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)

Scores and ratios are computed by Checked and are not a credit decision.