PATCH PHARMA
Open bankruptcyA bankruptcy procedure is open for PATCH PHARMA according to publications in the Belgian State Gazette; curator: RODOLPHE DE SAN.
Summary
The file additionally contains 1 judicial reorganisation and 1 administrative flag. The 2018 annual accounts show negative equity (-€1.7m) and a net result of €156,956.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Walloon Brabant
- Declared bankrupt
- 10 February 2020
- Supervising judge
- Olivier Bottequin
- Official Gazette
- 14-02-2020 (pdf) ↗search the document for 2020/106819
Deadlines
- Appeal or third-party opposition until
- passed on 29 February 2020Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 11 March 2020art. XX.104 and XX.155 CEL
- First verification report
- passed on 23 March 2020Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 10 February 2021Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Rodolphe De SanRue Charlier 1, 1380 Lasnerds@dsv-law.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 29-05-2019, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Wholesale of pharmaceutical and medical goods sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2018, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€156,956
Working capital
-€1.5m
Balance-sheet composition
Assets €1.1m
Fixed assets
€50,306
Current assets
€1.1m
Key figures and ratios
EBITDA
€298,928
Cash flow
€197,890
Solvency
-156.6%
Current ratio
0.41
Quick ratio
0.29
Debt to equity
-0.14
ROA
14.1%
Debt
€2.8m
Debt ≤ 1 year
€2.6m
Debt > 1 year
€239,968
Income taxes
€2,279
Annual accounts
| Line | 2018 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,934 |
| Gross operating margin9900 | €1.4m |
| Operating profit (loss)9901 | €257,994 |
| Recurring financial income75 | €3,129 |
| Recurring financial charges65 | €101,888 |
| Profit (loss) for the period before taxes9903 | €159,235 |
| Income taxes67/77 | €2,279 |
| Profit (loss) for the period9904 | €156,956 |
| Profit (loss) for the period to be appropriated9905 | €156,956 |
| Line | 2018 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1.1m | |
| Fixed assets21/28 | €50,306 | |
| Intangible fixed assets21 | €21,016 | |
| Tangible fixed assets22/27 | €25,523 | |
| Financial fixed assets28 | €3,767 | |
| Current assets29/58 | €1.1m | |
| Stocks and contracts in progress3 | €311,992 | |
| Amounts receivable within one year40/41 | €568,892 | |
| Cash at bank and in hand54/58 | €164,839 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1.1m | |
| Equity10/15 | -€1.7m | |
| Contributions10/11 | €92,960 | |
| Reserves13 | €46,796 | |
| Profit (loss) carried forward14 | -€1.9m | |
| Provisions and deferred taxes16 | €25,000 | |
| Amounts payable17/49 | €2.8m | |
| Amounts payable after more than one year17 | €239,968 | |
| Amounts payable within one year42/48 | €2.6m | |
| Trade debts44 | €1.2m | |
| Line | 2018 |
|---|---|
| Profit (loss) for the period9904 | €156,956 |
| + Depreciation and write-downs630 | €40,934 |
| Operating cash flow (approximation) | €197,890 |
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
2025
21-02
KBO administration
Address struck
2020
14-02
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 10-02-2020
2019
13-11
Judicial reorganisation
Opening
Tribunal de l’entreprise du Brabant wallon · court-supervised transfer · event 04-11-2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 35 days late
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
19-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
15-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 46 days late
2013
06-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
31-05
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
09-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
10-06
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
SignalNBB filing
0 of 23 acts read
About the unread acts
We know of 23 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
23 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, Waterloo · 1 establishment unit since 1997
Ground area
1.5 ha
Building footprint
2,561 m²
Volume, LiDAR
46,110 m³
2 parcels, Wallonia · tallest building 22.9 m, ±6 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
Establishment
since 19972.079.927.547
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0621/00F000indicative | Wallonia | 1.0 ha | 1 · 1,772 m² | 22.9 m · 6 fl. |
| 25763M0600/00R000 | Wallonia | 4,633 m² | 1 · 788 m² | 18.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | RODOLPHE DE SAN RUE CHARLIER 1, 1380 LASNE- |
10-02-2020 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaterloo2.079.927.547
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Of 1,903 companies in sector 46460 we hold annual accounts for 1,126. 646 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-01-1997
Fiscal year end31-12
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.