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).
Overview
- Equity
- €7.3m
- Profit
- €4,982
- Holdings
- 1
Why 93- Liquidity: current ratio 0.01, cash €79,892+ Size: total assets €15.4m+ Figures for FY 2025 (filed 02-07-2026)+ Equity €7.3m (47.2% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Size: total assets €15.4m lowers the probability for this profile
- Liquidity: current ratio 0.01, cash €79,892 raises the probability
- Figures for FY 2025 (filed 02-07-2026) lowers the probability
- Equity €7.3m (47.2% of total assets) lowers the probability
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, medium-sized). Better than this share of them on solvency 35%, liquidity 16%, profitability 76%, growth against the median 42%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
This company filed its last 7 accounts on average 1 day after 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)
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €4,982
- Annual accounts filedfiscal year 2024 · micro…
Financials · fiscal year 2025, micro schema
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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
| 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.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
31%
According to the 2025 annual accounts of PATCH and those of the other companies, the acts in the Belgian Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Companies Code and the parent companies that consolidate it. 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
The board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
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.
Register details
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 5 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0019/00P004 | Brussels | 1,012 m² | 1 · 149 m² | 5.1 m · 1 fl. |