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PATCH

Active
Public limited companyfounded 1984active for 41 yearsKortrijkstraat 121, 8770 Ingelmunster, BelgiumKBO/BCE: BE 0426.450.996
Summary

PATCH has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€200,494) and a net result of €102,784. Equity is shrinking by about 13% per year across the filed financial years. Its solvency ranks better than 17% of 13,626 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow ReportCompare
PATCHActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
NACE 46160Retail sale of footwear NACE 47721
1 site
Size
€1.8mtotal assets 2025
Equity
-€200,494
Profit
€102,784
Turnover not published (micro format)
Financial health
55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
2025 accounts 1 day early2 of 6 deeds summarised
Why 55raises riskCapped at 59: negative equityNegative equity -€200,494Figures for financial year 2025 (filed 31-10-2025)Sector: Wholesale trade (NACE 46)lowers riskSize: total assets €1.8mShow the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 45% of its sector peers (NACE 46, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 14+5
equity -11.2% of total assets
Liquidity 19+2
short-term debt 63.6% · cash 2.1%
Profitability 76+5
return on assets 5.8%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,871 companies, NACE 46, micro)
Last 24 months 11-2024: 0.8%highest value 12-2024: 0.3%▼ -0.5 percentage points vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.4%▲ +0.1 percentage points vs 08-2025 10-2025: 0.5%▲ +0.1 percentage points vs 09-2025 11-2025: 0.3%▼ -0.2 percentage points vs 10-2025lowest value 12-2025: 0.3%● unchanged vs 11-2025lowest value 01-2026: 0.3%● unchanged vs 12-2025lowest value 02-2026: 0.3%● unchanged vs 01-2026lowest value 03-2026: 0.3%● unchanged vs 02-2026lowest value 04-2026: 0.3%● unchanged vs 03-2026lowest value 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.4%▲ +0.1 percentage points vs 08-2026 10-2026: 0.7%▲ +0.3 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.07, compared with 0.09 in 2024, below 1; short-term debt: 63.6% and cash: 2.1% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 14% on solvency, 18% on liquidity, 65% on profitability and 83% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €1.8m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€200,494
NBB · annual accounts
raises risk · Figures for financial year 2025 (filed 31-10-2025)
NBB · annual accounts
raises risk · Sector: Wholesale trade (NACE 46)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 13626 sector peers (2025).
NBB · sector comparison
Position among 13626 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
2 days early
2023
4 days early
2022
9 days late
2021
9 days late
2020
30 days late
2019
1 day 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 6 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 30 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-03-2026 year end25-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Cnudde Patrick (director)Reappointment: Verstraete Lisbet (statutory director)…
  2. Annual accounts filedfinancial year 2025 · micro…
  3. Highest result from 2019 to 2025net €102,784 ▲175%

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€200,494 View
  • Positive: Result rose in 2025from €37,417 to €102,784 ▲ 175% View
  • Caution: Among the weakest 5% on equitysector median €56,579 · 13,656 companies -€200,494 View
  • Caution: A director leftlatest change 07-05-2026 · 1 in office 1 left View

By topic

Financials

Financial year
2025
Total assets
€1.8m
Profit
€102,784
Solvency
-11.2%
Total assets▼ 3.8%
Net result
20192025
Go to Financials

Timeline

Events
44
Since
1987
Next accounts
by 31-10-2026
  1. 29-10-2024Annual accounts filed
  2. 31-03-2024Back to profit
  3. 10-11-2023Purpose · Amendment of the articles
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Agents in the wholesale of textiles, clothing, fur…NACE 46160
Founded
07-11-1984
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
34
Who signs
The sole director
Annual meeting
First Saturday of September at 11:00
Purpose
“De groot- en kleinhandel en vertegenwoordiging in marokijnwaren, reisartikelen en…” (deed in Dutch)
Go to Articles of association

Key facts about PATCH

What is the company number of PATCH?
0426.450.996. In Belgium the VAT number is the company number with BE in front: BE 0426.450.996.
Where is PATCH based?
The registered office is at Kortrijkstraat 121, 8770 Ingelmunster.Company details
What does PATCH do?
According to the KBO register, the main activity is agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160).
What is the legal form of PATCH?
Public limited company (NV).
When was PATCH founded?
On 07-11-1984.
Is PATCH still active?
Yes, PATCH is an active enterprise in the KBO register.
How many employees does PATCH have?
On average 3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of PATCH?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is PATCH profitable?
In financial year 2025, PATCH made a profit of €102,784.
Where can I find the annual accounts of PATCH?
PATCH filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PATCH due?
By 31-10-2026, for financial year 2026.Timeline

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