PATCH
ActiveSummary
PATCH has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.3m and a net result of €4,982. Equity remains stable across the filed fiscal years (±1.9% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · fiscal year 2025, micro schema
Equity
€7.3m▲ 0.1%
2024 · €7.3m
Total assets
€15.4m▼ 1.2%
2024 · €15.6m
Net result
€4,982
2024 · -€34,369
Working capital
-€7.2m▲ 1.1%
2024 · -€7.3m
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result recovers in 2025; 2025 is 464% above 2024.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€0.02m
2025
Net result€0.005m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€15.4m
2025
Equity€7.3m
2025
Debt€8.1m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€7.2m
2025
Point at or tap 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
Line20182019202020212022202320242025
Operating result€0.1m-€0.06m▼ 40.3%€0.009m▼ 85.2%-€0.2m€0.03m€0.04m▲ 23.6%€0.004m▼ 89.4%€0.02m▲ 464%
Net result€0.2m-€0.08m▼ 51.7%-€0.01m-€0.06m▼ 353%€0.2m€0.09m▼ 63.3%-€0.03m€0.005m
Equity€5.5m-€5.6m▲ 1.5%€7.0m▲ 26.3%€7.0m▼ 0.8%€7.2m▲ 3.5%€7.3m▲ 1.2%€7.3m▼ 0.5%€7.3m▲ 0.1%
Total assets€14.2m-€14.1m▼ 1.1%€16.6m▲ 17.8%€16.5m▼ 0.3%€15.8m▼ 4.7%€15.7m▼ 0.6%€15.6m▼ 0.6%€15.4m▼ 1.2%
Debt€8.8m-€8.5m▼ 2.7%€9.6m▲ 12.2%€9.6m▲ 0.1%€8.5m▼ 11.2%€8.3m▼ 2.2%€8.2m▼ 0.7%€8.1m▼ 1.6%
Working capital-€7.5m--€7.3m▲ 1.8%-€6.9m▲ 6.3%-€7.6m▼ 11.0%-€7.7m▼ 0.6%-€7.4m▲ 2.9%-€7.3m▲ 2.0%-€7.2m▲ 1.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.4m
Fixed assets
€15.3m ▼ 0.9%
Current assets
€83,553 ▼ 31.7%
Equity and liabilities €15.4m
Equity
€7.3m ▲ 0.1%
Provisions
€0 ▼ 100%
Debt
€8.1m ▼ 1.6%
Debt's share of the balance-sheet total falls from 53.0% to 52.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€166,062▲
2024 · €147,073
Cash flow
€147,962▲
2024 · €108,610
Current ratio
0.01▼
2024 · 0.02
Debt to equity
1.12▼
2024 · 1.14
ROE
0.1%▲
2024 · -0.5%
ROA
0.0%▲
2024 · -0.2%
Interest coverage
4.23▲
2024 · 3.83
Debt ≤ 1 year
€7.3m▼
2024 · €7.4m
Debt > 1 year
€766,076▼
2024 · €779,643
Income taxes
€34,662▲
2024 · €74
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,409 | €74,045 | €110,899 | €154,159 | €144,364 | €143,256 | €142,980 | €142,980 | = |
| Other operating charges640/8 | - | - | - | €197,029 | €29,454 | €25,674 | €34,368 | €37,557 | ▲ 9.3% |
| Gross operating margin9900 | €206,884 | €159,666 | €224,526 | €199,686 | €205,198 | €207,707 | €181,441 | €203,619 | ▲ 12.2% |
| Operating profit (loss)9901 | €107,062 | €63,901 | €9,440 | -€151,502 | €31,380 | €38,778 | €4,093 | €23,082 | ▲ 464% |
| Financial income75/76B | - | - | - | €124,987 | €301,457 | €62,494 | €0 | €0 | ▲ 300% |
| Recurring financial income75 | €115,020 | €58,121 | - | €124,987 | €78,117 | €62,494 | €0 | €0 | ▲ 300% |
| Non-recurring financial income76B | - | - | - | - | €223,340 | - | - | - | - |
| Financial charges65/66B | - | - | - | €30,322 | €32,506 | €11,511 | €38,389 | €39,273 | ▲ 2.3% |
| Recurring financial charges65 | €23,429 | €22,398 | €21,998 | €30,322 | €32,506 | €11,511 | €38,389 | €39,273 | ▲ 2.3% |
| Profit (loss) for the period before taxes9903 | €198,653 | €99,625 | -€12,557 | -€56,837 | €300,332 | €89,761 | -€34,295 | -€16,191 | ▲ 52.8% |
| Transfer from deferred taxes780 | - | - | - | - | - | - | - | €55,835 | - |
| Transfer to deferred taxes680 | - | - | - | - | €55,835 | - | - | - | - |
| Income taxes67/77 | €26,481 | €16,487 | - | €33 | €72 | €70 | €74 | €34,662 | ▲ 46,665% |
| Profit (loss) for the period9904 | €172,172 | €83,138 | -€12,557 | -€56,870 | €244,425 | €89,691 | -€34,369 | €4,982 | ▲ 114% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | €167,505 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €167,505 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €172,172 | €83,138 | -€12,557 | -€56,870 | €76,919 | €89,691 | -€34,369 | €172,488 | ▲ 602% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €14.2m | €14.1m | €16.6m | €16.5m | €15.8m | €15.7m | €15.6m | €15.4m | ▼ 1.2% |
| Fixed assets21/28 | €14.1m | €14.0m | €15.8m | €16.5m | €15.7m | €15.6m | €15.4m | €15.3m | ▼ 0.9% |
| Tangible fixed assets22/27 | €2.5m | €2.4m | €4.1m | €4.8m | €4.1m | €4.0m | €3.8m | €3.7m | ▼ 3.7% |
| Land and buildings22 | - | - | - | €4.8m | €4.1m | €4.0m | €3.8m | €3.7m | ▼ 3.6% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.02m | €0.01m | €0.008m | €0.002m | ▼ 75.7% |
| Other tangible fixed assets26 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Financial fixed assets28 | €11.6m | €11.6m | €11.6m | €11.6m | €11.6m | €11.6m | €11.6m | €11.6m | = |
| Current assets29/58 | €0.2m | €0.06m | €0.8m | €0.08m | €0.03m | €0.07m | €0.1m | €0.08m | ▼ 31.7% |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | €0.7m | - | €0.001m | - | - | - | - |
| Trade receivables40 | - | - | - | - | €0.001m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.1m | €0.03m | €0.09m | €0.08m | €0.02m | €0.04m | €0.1m | €0.08m | ▼ 31.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €0.03m | €0.005m | €0.004m | ▼ 32.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €14.2m | €14.1m | €16.6m | €16.5m | €15.8m | €15.7m | €15.6m | €15.4m | ▼ 1.2% |
| Equity10/15 | €5.5m | €5.6m | €7.0m | €7.0m | €7.2m | €7.3m | €7.3m | €7.3m | ▲ 0.1% |
| Contributions10/11 | €4.9m | €4.9m | - | €6.4m | €6.4m | €6.4m | €6.4m | €6.4m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.2m | €0.2m | €0.2m | €0.03m | ▼ 83.8% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves not available under the articles1311 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | - | €0.2m | €0.2m | €0.2m | - | - |
| Profit (loss) carried forward14 | €0.5m | €0.6m | €0.6m | €0.5m | €0.6m | €0.7m | €0.7m | €0.9m | ▲ 25.4% |
| Provisions and deferred taxes16 | - | - | - | - | €0.06m | €0.06m | €0.06m | - | - |
| Deferred taxes168 | - | - | - | - | €0.06m | €0.06m | €0.06m | - | - |
| Amounts payable17/49 | €8.8m | €8.5m | €9.6m | €9.6m | €8.5m | €8.3m | €8.2m | €8.1m | ▼ 1.6% |
| Amounts payable after more than one year17 | €1.1m | €1.1m | €1.9m | €1.9m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 1.7% |
| Financial debts170/4 | - | - | - | €1.9m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 1.7% |
| Amounts payable within one year42/48 | €7.6m | €7.4m | €7.7m | €7.7m | €7.7m | €7.5m | €7.4m | €7.3m | ▼ 1.6% |
| Trade debts44 | €0.001m | €0.01m | €0.001m | €0.002m | €0.001m | €0.001m | €0.001m | - | - |
| Suppliers440/4 | - | - | - | €0.002m | €0.001m | €0.001m | €0.001m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €33 | €64 | €70 | €74 | €0.03m | ▲ 46,665% |
| Taxes450/3 | - | - | - | €33 | €64 | €70 | €74 | €0.03m | ▲ 46,665% |
| Other amounts payable47/48 | - | - | - | €7.7m | €7.7m | €7.5m | €7.4m | €7.3m | ▼ 2.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | - | - | €0.05m | €0.05m | ▲ 3.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.08m | -€0.01m | -€0.06m | €0.2m | €0.09m | -€0.03m | €0.005m | ▲ 114% |
| + Depreciation and write-downs630 | €0.07m | €0.07m | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Operating cash flow (approximation) | €0.2m | €0.2m | €0.1m | €0.1m | €0.4m | €0.2m | €0.1m | €0.1m | ▲ 36.2% |
| Investment in fixed assets (approximation) | - | -€0.01m | -€1.9m | -€0.8m | €0.6m | €0 | €0 | €0 | - |
| Change in cash | - | -€0.1m | €0.06m | -€0.02m | -€0.05m | €0.01m | €0.08m | -€0.04m | ▼ 146% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.