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Checked.be
Complete company report
Generated 22-07-2026
Active BE 0459.743.277Public limited companyOpen bankruptcy

PATCH PHARMA

· 29 yrs active
Sector: Wholesale trade (46460)
Conclusion Checked

A bankruptcy procedure is open for PATCH PHARMA according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation and 1 administrative flag. The 2018 annual accounts show negative equity (€-1.75M) and a net result of €-1.89M.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €-1.75M
Net result €-1.89M
Staff (FTE) 14.5
Active 29 yrs
Snowflake analysis 5 axes · computed by Checked
Health0Profitability100Solvency33Growth50Stability0
37 / 100

Fragile profile, watch health in particular.

Health 0
Profitability 100
Solvency 33
Growth 50
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
63 / 100
High risk
Components
· 1 judicial reorganisation (+10)
· Open bankruptcy (+50)
· 1 administrative flag (+3)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 1 events
Address struck
Health barometer FY 2018 · computed
0 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 29-05-2019 with the NBB · fiscal year 2018 · volledig
Fiscal year2018
Revenue-
EBITDA€299k
Net profit€-1.89M
Cash flow€-1.84M
Staff costs-
Income taxes€2k
Dividends-
Total assets€1.11M
Equity€-1.75M
Debt€2.84M
of which ≤ 1y€2.60M
of which > 1y€240k
Working capital€-1.53M
Employees (FTE)14.5
Ratios (computed)
2018
Current ratio0.41
Quick ratio0.29
Working capital ratio-137.3%
Solvency-156.6%
Debt / equity-0.14
Long-term debt ratio-0.14
Interest coverage-
Gross margin-
Net margin-
ROA-169.1%
ROE108.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2018
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2018
Balance sheet, Assets
TOTAL ASSETS 20/58€1.11M
Fixed assets 21/28€50k
Intangible fixed assets 21€21k
Tangible fixed assets 22/27€26k
Financial fixed assets 28€4k
Current assets 29/58€1.06M
Stocks & contracts in progress 3€312k
Amounts receivable within one year 40/41€569k
Cash & bank 54/58€165k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.11M
Equity 10/15€-1.75M
Contributions / capital 10/11€93k
Reserves 13€47k
Accumulated profits (losses) 14€-1.89M
Provisions & deferred taxes 16€25k
Amounts payable 17/49€2.84M
Amounts payable after one year 17€240k
Amounts payable within one year 42/48€2.60M
Trade debts payable within one year 44€1.17M
Income statement
Gross operating margin 9900€1.36M
Operating result 9901€258k
Financial income 75€3k
Financial charges 65€102k
Result before taxes 9903€159k
Income taxes 67/77€2k
Net result for the period 9904€157k
Result to be appropriated 9905€157k
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator RODOLPHE DE SAN
RUE CHARLIER 1, 1380 LASNE-
 10-02-2020 → present Belgian State Gazette
Legal Structure
NACE primary Wholesale trade(46460)
Legal form Public limited company(014)
Incorporation10-01-1997
StatusActive
Postal code-
First BS signal 13-11-2019
Latest BS signal 14-02-2020
Company structure, linked entities1 linked entities
PATCH PHARMABE 0459.743.277RODOLPHE DE SANReceiver
Mandates
Establishment units 1 location
Establishment
Productie van legeringen van edele metalen
since 19972.079.927.547
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 29 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
21-02-2025
KBO administration Address struck
2020
14-02-2020
Bankruptcy Opening
Tribunal de l’entreprise du Brabant wallon · PATCH PHARMA SA DREVE RICHELLE 161M/57, 1410 WATERLOO · event 10-02-2020
2019
13-11-2019
Judicial reorganisation Opening
Tribunal de l’entreprise du Brabant wallon · transfert_judiciaire · event 04-11-2019
05-09-2019
State Gazette act Statutes amendment
v3.2
10-07-2019
State Gazette act Director changes
v3.2
14-06-2019
State Gazette act Director changes
v3.2
29-05-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
04-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
27-07-2018
State Gazette act Director changes
v3.2
27-07-2018
State Gazette act Registered-office change
CHRISTIAN ROZET
27-07-2018
State Gazette act Director changes
v3.2
28-03-2018
State Gazette act Director changes
v3.2
2017
30-06-2017
State Gazette act Director changes
v3.2
30-06-2017
State Gazette act Director changes
v3.2
01-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
08-08-2016
State Gazette act Director changes
v3.2
08-08-2016
State Gazette act Director changes
v3.2
16-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
03-08-2015
State Gazette act Director changes
v3.2
03-08-2015
State Gazette act Director changes
v3.2
26-06-2015
State Gazette act Director changes
v3.2
19-06-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
15-09-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
2013
06-06-2013
NBB filing Annual accounts filed
fiscal year 2012 · volledig
2012
31-05-2012
NBB filing Annual accounts filed
fiscal year 2011 · volledig
2011
09-06-2011
NBB filing Annual accounts filed
fiscal year 2010 · volledig
2010
10-06-2010
NBB filing Annual accounts filed
fiscal year 2009 · volledig
2008
26-05-2008
State Gazette act Director changes
v3.2
Lifecycle & Insolvency Signals 3 events
21-02-2025
KBO administration Address struck
 · Publications in State Gazette ↗
14-02-2020
Bankruptcy Opening
Date: 10-02-2020 · Tribunal de l’entreprise du Brabant wallon · PATCH PHARMA SA DREVE RICHELLE 161M/57, 1410 WATERLOO · Publications in State Gazette ↗
13-11-2019
Judicial reorganisation Opening
Date: 04-11-2019 · Tribunal de l’entreprise du Brabant wallon · transfert_judiciaire · Publications in State Gazette ↗
Time machine, BS events + macro context 2019, 2026
COVID lockdownEnergiecrisisECB hikes201920202021202220232024202520262019-11-13 · Judicial reorganisation · Opening2020-02-14 · Bankruptcy · Opening2025-02-21 · KBO administration · Address struck
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 15 acts
Address history · 1
27-07-2018
Registered-office move
All acts · 15 updated 6 years ago
2019
05-09-2019 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
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  "subject_company": {
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  "legal_form_change": {
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10-07-2019 Morısieur Robert Maurisser resigns as director Director changes
  • Morısieur Robert Maurisser, Bestuurder
Summary: v3.2
Technical details 
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14-06-2019 6 directors appointed Director changes
  • François Leplat, Président du conseil d'administration et administrateur délégué
  • Christian Rozet, Bestuurder
  • Isabelle Devos, Bestuurder
  • Johan Picard, Bestuurder
  • Pierre Schmidt, Bestuurder
  • Robert Maurissen, Bestuurder
Summary: v3.2
Technical details 
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    {
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      "person": {
        "rrn": null,
        "name": "Christian Rozet",
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        "birth_date": null
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    },
    {
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      "role": "Administrateur",
      "person": {
        "rrn": null,
        "name": "Isabelle Devos",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "Administrateur",
      "person": {
        "rrn": null,
        "name": "Johan Picard",
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    {
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        "name": "Robert Maurissen",
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2018
27-07-2018 Philippe Triest resigns as director Director changes
  • Philippe Triest, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "administrateur",
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        "name": "Philippe Triest",
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  "subject_company": {
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27-07-2018 Registered office moved from Wauthier-Braine to Waterloo Registered-office change·CHRISTIAN ROZET
  • Avenue Reine Astrid, 1- 1440 Wauthier-Braine → Drève Richelle, 161, boite 57, Waterloo Office Park, Batiment M à 1410 Waterloo
Notary: CHRISTIAN ROZET · Brabant Wallon
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Dr\u00E8ve Richelle, 161, boite 57, Waterloo Office Park, Batiment M \u00E0 1410 Waterloo",
        "city": "Waterloo",
        "region": "waals_gewest",
        "street": "Dr\u00E8ve Richelle",
        "country": "BE",
        "postcode": "1410",
        "box_number": "57",
        "street_number": "161",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Avenue Reine Astrid, 1- 1440 Wauthier-Braine",
        "city": "Wauthier-Braine",
        "region": "waals_gewest",
        "street": "Avenue Reine Astrid",
        "country": "BE",
        "postcode": "1440",
        "box_number": null,
        "street_number": "1",
        "locality_suffix": null
      },
      "effective_date": "2018-06-01",
      "evidence_quote": "L\u0027adresse actuelle (Avenue Reine Astrid, 1 \u00E0 1440 Wauthier-Braine) est par cons\u00E9quent remplac\u00E9e par l\u0027adresse suivante: Dr\u00E8ve Richelle, 161, boite 57, Waterloo Office Park, Batiment M \u00E0 1410 Waterloo.",
      "region_changed": false,
      "is_statute_change": false,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": "CHRISTIAN ROZET",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brabant Wallon",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2018-07-27",
    "filing_date": "2018-04-25",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
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    "date": "2018-04-25",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0459.743.277",
    "name_full": "PATCH PHARMA",
    "legal_form": "SA"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "CHRISTIAN ROZET",
    "org_rep_person_name": null,
    "person_role_at_subject": "ADMINISTRATEUR"
  },
  "co_filed_documents": [
    "Bijlagen bij het Belgisch Staatsblad"
  ]
}
27-07-2018 Etienne Hublet appointed as director Director changes
  • Etienne Hublet, Bestuurder
Summary: v3.2
Technical details 
{
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28-03-2018 2 directors appointed, 1 resigning Director changes
  • Eifel Development SPRL, Gedelegeerd bestuurder
  • François Leplat, Gedelegeerd bestuurder
  • Jean-Pierre Mans, Bestuurder
Summary: v3.2
Technical details 
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  }
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2017
30-06-2017 Jean-Pierre Mans appointed as director Director changes
  • Jean-Pierre Mans, Bestuurder
Summary: v3.2
Technical details 
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      "role": "Administrateur",
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30-06-2017 RSM InterAudit Sccrl appointed as auditor Director changes
  • RSM InterAudit Sccrl, Auditor
Summary: v3.2
Technical details 
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2016
08-08-2016 Smard BVBA resigns as director Director changes
  • Smard BVBA, Bestuurder
Summary: v3.2
Technical details 
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      "kind": "director_out",
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08-08-2016 3 directors appointed Director changes
  • Pierre Schmidt, Bestuurder
  • Robert Maurissen, Bestuurder
  • Philippe Triest, Bestuurder
Summary: v3.2
Technical details 
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2015
03-08-2015 1 director appointed, 10 resigning Director changes
  • Mme An De Mulder, Personne déléguée à la gestion journalière
  • M. François Leplat, Président du conseil d'administration
  • M. Pierre de Waha, Bestuurder
  • M. Christian Rozet, Bestuurder
  • Mme Christine Delaby, Bestuurder
  • M. Patrice Baudot, Bestuurder
  • M. Olivier Delaere, Bestuurder
  • M. Baudouin Lemaire, Bestuurder
Summary: v3.2
Technical details 
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      "kind": "director_out",
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      "person": {
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    {
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      "role": "Personne d\u00E9l\u00E9gu\u00E9e \u00E0 la Gestion Journali\u00E8re",
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        "rrn": null,
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    },
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        "rrn": null,
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    {
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        "rrn": null,
        "name": "M. Olivier Delaere",
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    },
    {
      "kind": "director_out",
      "role": "Administrateur",
      "person": {
        "rrn": null,
        "name": "M. Baudouin Lemaire",
        "address": null,
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    },
    {
      "kind": "director_out",
      "role": "Administrateur",
      "person": {
        "rrn": null,
        "name": "M. Geoffroy Falmagne",
        "address": null,
        "birth_date": null
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    },
    {
      "kind": "director_out",
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      "person": {
        "rrn": null,
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    },
    {
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      "person": {
        "rrn": null,
        "name": "Mr Jacques De Smet",
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        "birth_date": null
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    }
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  "schema": "v3.2",
  "act_meta": {
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  "subject_company": {
    "kbo": "0459.743.277",
    "name_full": "PATCH PHARMA"
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}
03-08-2015 2 directors appointed, 3 resigning Director changes
  • An De Mulder, Bestuurder
  • Johan Picard, Bestuurder
  • François Leplat, Président du conseil d'administration
  • Pierre de Waha, Bestuurder
  • Christian Rozet, Bestuurder
Summary: v3.2
Technical details 
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    "kbo": "0459.743.277",
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26-06-2015 RSM InterAudit Sccrl appointed as auditor Director changes
  • RSM InterAudit Sccrl, Auditor
Summary: v3.2
Technical details 
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  "events": [
    {
      "kind": "director_in",
      "role": "auditor",
      "person": {
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        "name": "RSM InterAudit Sccrl",
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  "subject_company": {
    "kbo": "0459.743.277",
    "name_full": "PATCH PHARMA"
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2008
26-05-2008 2 directors appointed Director changes
  • Jean-François CATS, Auditor
  • Luis LAPERAL, Auditor
Summary: v3.2
Technical details 
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      "kind": "director_in",
      "role": "auditor",
      "person": {
        "rrn": null,
        "name": "Jean-Fran\u00E7ois CATS",
        "address": null,
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    },
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      "kind": "director_in",
      "role": "auditor",
      "person": {
        "rrn": null,
        "name": "Luis LAPERAL",
        "address": null,
        "birth_date": null
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}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Groothandel in farmaceutische producten46460Groothandel in farmaceutische en medische artikelen46460
Primary activity highlighted.
Names & trade names
Legal nameFR PATCH PHARMA
Registration history
  1. 21-02-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative