PATAOR
ActiveSummary
PATAOR has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €18,377. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-1
Solvency51▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.28 in 2024; short-term debt: 61% and cash: 0.1% of total assets), and 73.6% 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 · 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
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
26.4%
Return on assets
0.4%
Age of the figures
15 mo
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 30-06-2025 was due by 31-01-2026 and was filed on 16-01-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
18 d early
2023
15 d early
2022
4 d early
2021
14 d early
2020
13 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 16 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€1.6m
EBIT margin
17.2%
Net result
€18,377▼ 69.5%
2024 · €60,350
Working capital
-€2.2m▼ 1.6%
2024 · -€2.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.6m
Operating result€266,906▼ 7.3%€154,078▼ 42.3%-€138,813€88,957€26,864▼ 69.8%
Net result€147,321within the sector's middle half▲ 15.4%€103,864within the sector's middle half▼ 29.5%-€108,839below the sector's middle half€60,350within the sector's middle half€18,377within the sector's middle half▼ 69.5%
EBIT margin17.2%
Equity€744,603within the sector's middle half▲ 24.7%€848,466within the sector's middle half▲ 13.9%€1.3mabove the sector's middle half▲ 54.9%€1.3mabove the sector's middle half=€1.3mabove the sector's middle half▲ 1.4%
Total assets€2.3mwithin the sector's middle half▲ 2.2%€2.1mwithin the sector's middle half▼ 7.4%€5.3mabove the sector's middle half▲ 150%€5.2mabove the sector's middle half▼ 2.1%€5.1mabove the sector's middle half▼ 3.0%
Debt€1.6m▼ 5.9%€1.3m▼ 17.6%€3.9m▲ 207%€3.8m▼ 2.6%€3.7m▼ 4.3%
Working capital-€584,142below the sector's middle half▲ 17.2%-€340,744below the sector's middle half▲ 41.7%-€2.1mbelow the sector's middle half▼ 526%-€2.2mbelow the sector's middle half▼ 3.0%-€2.2mbelow the sector's middle half▼ 1.6%
Solvency32.4%within the sector's middle half▲ 5.8pp39.9%within the sector's middle half▲ 7.5pp24.7%within the sector's middle half▼ 15.2pp25.2%within the sector's middle half▲ 0.5pp26.4%within the sector's middle half▲ 1.1pp
Current ratio0.60below the sector's middle half▲ 0.040.72below the sector's middle half▲ 0.120.28below the sector's middle half▼ 0.440.28below the sector's middle half=0.28below the sector's middle half▼ 0.01
Return on assets (ROA)6.4%within the sector's middle half▲ 0.7pp4.9%within the sector's middle half▼ 1.5pp-2.0%below the sector's middle half▼ 6.9pp1.2%within the sector's middle half▲ 3.2pp0.4%within the sector's middle half▼ 0.8pp
Staff (FTE)1.4below the sector's middle half▲ 16.7%1.2below the sector's middle half▼ 14.3%0.7below the sector's middle half▼ 41.7%0.9below the sector's middle half▲ 28.6%1.4within the sector's middle half▲ 55.6%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€4.2m ▼ 3.1%
Current assets
€848,197 ▼ 2.0%
Equity and liabilities €5.1m
Equity
€1.3m ▲ 1.4%
Provisions
€69,373 ▼ 11.2%
Debt
€3.7m ▼ 4.3%
Debt's share of the balance-sheet total falls from 73.3% to 72.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€166,667▼
2024 · €240,437
Cash flow
€158,180▼
2024 · €211,830
Quick ratio
0.21▲
2024 · 0.20
Debt to equity
2.74▼
2024 · 2.90
ROE
1.4%▼
2024 · 4.6%
Interest coverage
3.08▼
2024 · 3.15
Debt ≤ 1 year
€3.1m▲
2024 · €3.1m
Debt > 1 year
€570,725▼
2024 · €752,797
Income taxes
€4,252▲
2024 · €3,163
Staff costs
€72,622▲
2024 · €54,421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 3,984 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €1.6m | - | - | - | - | - |
| Non-recurring operating income76A | - | €1,350 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €64,439 | €37,504 | €54,421 | €72,622 | ▲ 33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,393 | €16,799 | €181,857 | €151,480 | €139,803 | ▼ 7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €45,000 | -€30,000 | €0 | - | - |
| Other operating charges640/8 | - | €362 | €15,438 | €21,753 | €18,484 | ▼ 15.0% |
| Non-recurring operating charges66A | - | - | €1,071 | €0 | - | - |
| Gross operating margin9900 | €362,064 | €280,677 | €67,057 | €316,611 | €257,774 | ▼ 18.6% |
| Operating profit (loss)9901 | €266,906 | €154,078 | -€138,813 | €88,957 | €26,864 | ▼ 69.8% |
| Financial income75/76B | - | €35,451 | €141,095 | €42,122 | €41,109 | ▼ 2.4% |
| Recurring financial income75 | €15,100 | €35,451 | €141,095 | €42,122 | €41,109 | ▼ 2.4% |
| Financial charges65/66B | - | €43,831 | €119,771 | €76,342 | €54,121 | ▼ 29.1% |
| Recurring financial charges65 | €93,660 | €43,831 | €119,771 | €76,342 | €54,121 | ▼ 29.1% |
| Profit (loss) for the period before taxes9903 | €188,346 | €145,697 | -€117,490 | €54,736 | €13,852 | ▼ 74.7% |
| Transfer from deferred taxes780 | - | - | €8,777 | €8,777 | €8,777 | = |
| Income taxes67/77 | €41,025 | €41,833 | €127 | €3,163 | €4,252 | ▲ 34.4% |
| Profit (loss) for the period9904 | €147,321 | €103,864 | -€108,839 | €60,350 | €18,377 | ▼ 69.5% |
| Transfer from tax-exempt reserves789 | - | - | €17,046 | €17,046 | €17,046 | = |
| Transfer to tax-exempt reserves689 | - | €55 | €40,814 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €147,217 | €103,809 | -€132,608 | €77,395 | €35,423 | ▼ 54.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.1m | €5.3m | €5.2m | €5.1m | ▼ 3.0% |
| Fixed assets21/28 | €1.4m | €1.2m | €4.5m | €4.3m | €4.2m | ▼ 3.1% |
| Intangible fixed assets21 | €24,500 | €21,000 | €17,500 | €14,000 | €10,500 | ▼ 25.0% |
| Tangible fixed assets22/27 | €102,815 | €89,515 | €2.4m | €2.3m | €2.1m | ▼ 5.9% |
| Land and buildings22 | - | - | €2.4m | €2.2m | €2.1m | ▼ 5.9% |
| Furniture and vehicles24 | - | €749 | €6,209 | €4,714 | €3,516 | ▼ 25.4% |
| Other tangible fixed assets26 | - | €88,766 | €0 | - | - | - |
| Financial fixed assets28 | €1.3m | €1.1m | €2.1m | €2.1m | €2.1m | = |
| Current assets29/58 | €891,292 | €882,376 | €832,729 | €865,862 | €848,197 | ▼ 2.0% |
| Stocks and contracts in progress3 | €302,284 | €269,350 | €277,458 | €245,686 | €211,979 | ▼ 13.7% |
| Stocks30/36 | - | €269,350 | €277,458 | €245,686 | €211,979 | ▼ 13.7% |
| Amounts receivable within one year40/41 | €379,962 | €601,852 | €515,382 | €610,961 | €630,999 | ▲ 3.3% |
| Trade receivables40 | - | €290,294 | €231,965 | €277,961 | €203,810 | ▼ 26.7% |
| Other amounts receivable41 | - | €311,558 | €283,417 | €333,000 | €427,189 | ▲ 28.3% |
| Cash at bank and in hand54/58 | €208,417 | €10,545 | €8,203 | €7,650 | €3,608 | ▼ 52.8% |
| Deferred charges and accrued income490/1 | - | €630 | €31,685 | €1,564 | €1,611 | ▲ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.1m | €5.3m | €5.2m | €5.1m | ▼ 3.0% |
| Equity10/15 | €744,603 | €848,466 | €1.3m | €1.3m | €1.3m | ▲ 1.4% |
| Contributions10/11 | - | €268,600 | €459,619 | €459,619 | €459,619 | = |
| Reserves13 | €41,258 | €41,313 | €129,112 | €129,461 | €147,838 | ▲ 14.2% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €19,820 | €84,403 | €67,357 | €50,311 | ▼ 25.3% |
| Distributable reserves133 | - | €21,493 | €44,709 | €62,104 | €97,527 | ▲ 57.0% |
| Profit (loss) carried forward14 | €434,744 | €538,553 | €725,767 | €725,767 | €725,767 | = |
| Provisions and deferred taxes16 | - | - | €86,928 | €78,151 | €69,373 | ▼ 11.2% |
| Deferred taxes168 | - | - | €86,928 | €78,151 | €69,373 | ▼ 11.2% |
| Amounts payable17/49 | €1.6m | €1.3m | €3.9m | €3.8m | €3.7m | ▼ 4.3% |
| Amounts payable after more than one year17 | €75,826 | €54,961 | €952,973 | €752,797 | €570,725 | ▼ 24.2% |
| Financial debts170/4 | - | €54,961 | €952,973 | €752,797 | €570,725 | ▼ 24.2% |
| Amounts payable within one year42/48 | €1.5m | €1.2m | €3.0m | €3.1m | €3.1m | ▲ 0.6% |
| Current portion of amounts payable after more than one year42 | - | €20,865 | €205,178 | €200,176 | €182,072 | ▼ 9.0% |
| Financial debts43 | - | €547,537 | €551,056 | €506,481 | €500,000 | ▼ 1.3% |
| Credit institutions430/8 | - | €547,537 | €551,056 | €506,481 | €500,000 | ▼ 1.3% |
| Trade debts44 | €9,238 | €161,774 | €108,195 | €96,028 | €25,387 | ▼ 73.6% |
| Suppliers440/4 | - | €161,774 | €108,195 | €96,028 | €25,387 | ▼ 73.6% |
| Taxes, remuneration and social security45 | - | €20,236 | €38,842 | €24,453 | €20,454 | ▼ 16.4% |
| Taxes450/3 | - | €11,192 | €35,132 | €18,777 | €14,450 | ▼ 23.0% |
| Remuneration and social security454/9 | - | €9,044 | €3,711 | €5,676 | €6,004 | ▲ 5.8% |
| Other amounts payable47/48 | - | €472,708 | €2.1m | €2.2m | €2.4m | ▲ 5.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €147,321 | €103,864 | -€108,839 | €60,350 | €18,377 | ▼ 69.5% |
| + Depreciation and write-downs630 | €17,393 | €16,799 | €181,857 | €151,480 | €139,803 | ▼ 7.7% |
| Operating cash flow (approximation) | €164,714 | €120,663 | €73,018 | €211,830 | €158,180 | ▼ 25.3% |
| Investment in fixed assets (approximation) | - | €143,600 | -€3.4m | -€7,244 | -€3,235 | ▲ 55.3% |
| Change in cash | - | -€197,872 | -€2,341 | -€553 | -€4,042 | ▼ 631% |
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
16-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
13-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Back to profitnet €60,350
Net result €60,350 after one loss-making year.
16-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet -€108,839
Net result drops to -€108,839, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €1mEq €1.3m ▲54.9%
Equity rises from €848,466 to €1.3m.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Equity above €500,000Eq €597,281 ▲27.2%
2 profitable years in a row build equity to €597,281.
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
10-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
15-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Ardooie · 2 establishment units since 2002
Ground area
1.6 ha
Building footprint
8,418 m²
Volume, LiDAR
64,583 m³
2 parcels, Flanders, Wallonia · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Ter Vlucht 20, 8850 Ardooie
since 20022.095.525.345
Blauwe Ras van België straat 18, 7700 Mouscron
since 20212.311.508.317
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001E0966/00D000 | Flanders | 8,080 m² | 1 · 4,228 m² | 12.1 m · 3 fl. |
| 54007B0155/00R000 | Wallonia | 7,483 m² | 1 · 4,191 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 2
-
50%
-
50%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
50%
According to the annual accounts to 30-06-2025 of PATAOR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 3,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,000 EUR | 3,000 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300FTKZ2M7IE7M081
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Of 31 companies in sector 46240 we hold annual accounts for 23. 15 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-12-2001
Fiscal year end30-06
Activities, NACEBEL 2025
46240Wholesale trade
46190Agents in non-specialised wholesale trade
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476199328
Registered
31-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.