PATALTHO
ActiveSummary
PATALTHO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €485,093 and a net result of €44,181. Equity is growing by ~23% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-16
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 7.73 against 5.72 in 2024; short-term debt: 12.8% and cash: 42.9% of total assets), and 21.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.6%
Return on assets
7.2%
Age of the figures
9 mo
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
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 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 d early
2024
30 d late
2023
3 d late
2022
35 d early
2021
59 d early
2020
37 d early
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 25 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 26 June (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€44,181▼ 40.5%
2024 · €74,200
Working capital
€533,666▲ 10.0%
2024 · €485,276
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€114,348▲ 1.5%€256,304▲ 124%€226,393▼ 11.7%€146,292▼ 35.4%€126,924▼ 13.2%
Net result€81,391▲ 33.6%€139,513▲ 71.4%€125,236▼ 10.2%€74,200▼ 40.8%€44,181▼ 40.5%
Equity€248,964▲ 23.2%€388,476▲ 56.0%€513,712▲ 32.2%€500,912▼ 2.5%€485,093▼ 3.2%
Total assets€312,090▲ 15.5%€430,554▲ 38.0%€556,543▲ 29.3%€603,639▲ 8.5%€617,253▲ 2.3%
Debt€63,126▼ 7.4%€42,078▼ 33.3%€42,831▲ 1.8%€102,727▲ 140%€79,312▼ 22.8%
Working capital€232,339▲ 30.7%€375,842▲ 61.8%€496,135▲ 32.0%€485,276▼ 2.2%€533,666▲ 10.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €617,253
Fixed assets
€4,275 ▼ 72.7%
Current assets
€612,978 ▲ 4.2%
Equity and liabilities €617,253
Equity
€485,093 ▼ 3.2%
Provisions
€52,848
Debt
€79,312 ▼ 22.8%
Debt's share of the balance-sheet total falls from 17.0% to 12.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€139,978▼
2024 · €160,912
Cash flow
€57,235▼
2024 · €88,820
Current ratio
7.73▲
2024 · 5.72
Debt to equity
0.16▼
2024 · 0.21
ROE
9.1%▼
2024 · 14.8%
ROA
7.2%▼
2024 · 12.3%
Interest coverage
2.45▼
2024 · 3.55
Debt ≤ 1 year
€79,312▼
2024 · €102,727
Income taxes
€29,332▼
2024 · €29,719
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,732 | €14,697 | €14,895 | €14,621 | €13,054 | ▼ 10.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €52,848 | - |
| Other operating charges640/8 | €546 | €989 | €563 | €889 | €830 | ▼ 6.7% |
| Gross operating margin9900 | €129,626 | €271,990 | €241,851 | €161,802 | €193,656 | ▲ 19.7% |
| Operating profit (loss)9901 | €114,348 | €256,304 | €226,393 | €146,292 | €126,924 | ▼ 13.2% |
| Financial income75/76B | - | €683 | €1,125 | €2,936 | €3,634 | ▲ 23.8% |
| Recurring financial income75 | - | €683 | €1,125 | €2,936 | €3,634 | ▲ 23.8% |
| Financial charges65/66B | €1,139 | €57,726 | €49,249 | €45,309 | €57,045 | ▲ 25.9% |
| Recurring financial charges65 | €1,139 | €57,726 | €49,249 | €45,309 | €57,045 | ▲ 25.9% |
| Profit (loss) for the period before taxes9903 | €113,209 | €199,260 | €178,270 | €103,919 | €73,513 | ▼ 29.3% |
| Income taxes67/77 | €31,818 | €59,748 | €53,034 | €29,719 | €29,332 | ▼ 1.3% |
| Profit (loss) for the period9904 | €81,391 | €139,513 | €125,236 | €74,200 | €44,181 | ▼ 40.5% |
| Profit (loss) for the period to be appropriated9905 | €81,391 | €139,513 | €125,236 | €74,200 | €44,181 | ▼ 40.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €312,090 | €430,554 | €556,543 | €603,639 | €617,253 | ▲ 2.3% |
| Fixed assets21/28 | €54,604 | €40,917 | €26,022 | €15,636 | €4,275 | ▼ 72.7% |
| Tangible fixed assets22/27 | €54,604 | €40,917 | €26,022 | €15,636 | €4,275 | ▼ 72.7% |
| Plant, machinery and equipment23 | - | - | - | - | €1,542 | - |
| Furniture and vehicles24 | €54,604 | €40,917 | €26,022 | €15,636 | €2,733 | ▼ 82.5% |
| Current assets29/58 | €257,486 | €389,637 | €530,521 | €588,003 | €612,978 | ▲ 4.2% |
| Amounts receivable after more than one year29 | - | €38,000 | €56,000 | €84,600 | €15,150 | ▼ 82.1% |
| Other amounts receivable291 | - | €38,000 | €56,000 | €84,600 | €15,150 | ▼ 82.1% |
| Amounts receivable within one year40/41 | €18,850 | €200 | €371 | €24,943 | €58,160 | ▲ 133% |
| Other amounts receivable41 | €18,850 | €200 | €371 | €24,943 | €58,160 | ▲ 133% |
| Current investments50/53 | €40,000 | €38,999 | €117,133 | €314,270 | €153,999 | ▼ 51.0% |
| Cash at bank and in hand54/58 | €106,631 | €140,689 | €165,921 | €69,632 | €264,597 | ▲ 280% |
| Deferred charges and accrued income490/1 | €92,005 | €171,749 | €191,096 | €94,557 | €121,073 | ▲ 28.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €312,090 | €430,554 | €556,543 | €603,639 | €617,253 | ▲ 2.3% |
| Equity10/15 | €248,964 | €388,476 | €513,712 | €500,912 | €485,093 | ▼ 3.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €229,860 | €367,860 | €493,096 | €480,096 | €463,096 | ▼ 3.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | €228,000 | €366,000 | €491,236 | €478,236 | €463,096 | ▼ 3.2% |
| Profit (loss) carried forward14 | €504 | €2,016 | €2,016 | €2,216 | €3,397 | ▲ 53.3% |
| Provisions and deferred taxes16 | - | - | - | - | €52,848 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €52,848 | - |
| Other liabilities and charges164/5 | - | - | - | - | €52,848 | - |
| Amounts payable17/49 | €63,126 | €42,078 | €42,831 | €102,727 | €79,312 | ▼ 22.8% |
| Amounts payable after more than one year17 | €37,979 | €28,282 | €8,444 | - | - | - |
| Financial debts170/4 | €37,979 | €28,282 | €8,444 | - | - | - |
| Amounts payable within one year42/48 | €25,147 | €13,795 | €34,387 | €102,727 | €79,312 | ▼ 22.8% |
| Current portion of amounts payable after more than one year42 | - | - | €9,994 | €8,444 | - | - |
| Financial debts43 | - | - | - | - | €11,812 | - |
| Other loans439 | - | - | - | - | €11,812 | - |
| Trade debts44 | €871 | €1,068 | €536 | €383 | - | - |
| Suppliers440/4 | €871 | €1,068 | €536 | €383 | - | - |
| Taxes, remuneration and social security45 | - | €12,258 | €23,305 | €6,900 | €7,500 | ▲ 8.7% |
| Taxes450/3 | - | €12,258 | €23,305 | €6,900 | €7,500 | ▲ 8.7% |
| Other amounts payable47/48 | €24,276 | €469 | €551 | €87,000 | €60,000 | ▼ 31.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,391 | €139,513 | €125,236 | €74,200 | €44,181 | ▼ 40.5% |
| + Depreciation and write-downs630 | €14,732 | €14,697 | €14,895 | €14,621 | €13,054 | ▼ 10.7% |
| Operating cash flow (approximation) | €96,123 | €154,210 | €140,131 | €88,820 | €57,235 | ▼ 35.6% |
| Investment in fixed assets (approximation) | - | -€1,010 | €0 | -€4,235 | -€1,693 | ▲ 60.0% |
| Change in cash | - | €34,058 | €25,232 | -€96,289 | €194,964 | ▲ 302% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
03-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 3 days late
2023
31-12
Financial
Equity above €500,000Eq €513,712 ▲32.2%
5 profitable years in a row build equity to €513,712.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €139,513 ▲71.4%
Operating result €256,304, net result €139,513, both a record.
31-12
Financial
Liquidity triplescurrent ratio 28.24
Current ratio from 10.24 to 28.24; short-term debt falls from €25,147 to €13,795.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €202,073 ▲43.1%
2 profitable years in a row build equity to €202,073.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Back to profitnet €87,926
Net result €87,926 after one loss-making year.
Show earlier events
31-12
Financial
Liquidity quadruplescurrent ratio 7.98
Current ratio from 1.91 to 7.98; short-term debt falls from €57,779 to €19,944.
31-12
Financial
Equity above €100,000Eq €141,165 ▲165%
Equity rises from €53,239 to €141,165.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Braine-l'Alleud · 1 establishment unit since 2008
Ground area
658 m²
Building footprint
91 m²
Volume, LiDAR
586 m³
Parcel 25054B0151/00R000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PATALTHO
since 20082.187.152.139
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25054B0151/00R000 | Wallonia | 658 m² | 1 · 91 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300JJTNRQPRMK6955
Company details
Identification
Legal formPrivate limited company
Founded24-12-2008
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808676726
Also
9925:BE0808676726
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.