PATCH SERVICES

Inactive KBO/BCE: BE 0896.132.916

PATCH SERVICES

Follow Report

Overview

Lifetime

10 annual accounts with figures on one time axis

Turnoverpeak €1.3m (2009)

-not published

Resultlowest -€1.8m (2013)

€87,141▲ €1.3m

Equitypeak €4.3m (2010)

-€2.1m▲ €87,141

Debts

€2.1m▼ 3.9%

Owners3 names in the annual accounts

49.97%EIFEL DEVELOPMENT and 2 others

Documentsfilings and deeds

30-04-2019on the last day

2018financial year

Gross margin from €184,517 to €123,469Back to profit: €87,141Cash from €1,825 to €4,863

Key points

from the 2018 annual accounts, the last ones filed

Equity

-€2.1m from €4.3m in 2010

Equity fell below zero in 2016.

Debts

€2.1m 2,367% of the balance sheet

After one year 73%Within one year 27%

Of this, €562,733 falls due within a year.

Filings

10 annual accounts 2 late

The 2017 accounts came latest: 42 days after the end of the period.

No score

Recent changes

11-01-2022

Bankruptcy closure (by liquidation) Enterprise Court of Walloon Brabant · judgment of 03-01-2022 · Bankruptcy

14-02-2020

Bankruptcy published Enterprise Court of Walloon Brabant · judgment of 10-02-2020 · Bankruptcy

07-07-2014

Deed on the end the last of 2 in the Belgian Official Gazette · Gazette deed

12-03-2008

Incorporation 18 publications in the Belgian Official Gazette, the last on 08-07-2019 · Gazette deed

All 16 events

Official details

Source: KBO

Status: Inactivedeed of incorporation of 12-03-2008 · bankruptcy closed on 03-01-2022
Activity: No activity registered in the KBO
Financial year end: 30 September
Peppol: Not found in the Peppol Directory

Company details

Annual accounts to 30-09-2018

Gross margin: €123,469▼ 33.1%
Turnover: ≈ €310,000estimated
Profit: €87,141
Equity: -€2.1m▲ 4.0%
Total assets: €87,363▲ 3.6%
Filing: Filed on 30-04-2019

Financials

Insights on PATCH SERVICES

PATCH SERVICES reached its highest turnover in 2009: €1.3m. A year later it was €894,415, and in 2011 still €615,127.

Equity fell from €4.3m in 2010 to -€2.1m in 2018.

On 10 February 2020 the court declared PATCH SERVICES bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2018

full format, filed on 30-04-2019, on the day of the deadline

Gross margin

€123,469

▼ 33.1%

Operating result

€122,546

▼ 33.3%

EBITDA

Cash flow

Solvency

Current ratio

0.16

▼ 0.18

Money flows

no detail for 2018

Balance sheet

balance sheet total €87,363 on 30-09-2018

What the company ownsHow it is paid for

Change in equityin €m

Change in cashin euro

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
Total assets`20/58`	87,363	84,325	1.5m	2.7m	2.7m	2.7m	4.5m	5.0m	6.9m	6.8m
Fixed assets`21/28`	1	1	1.4m	2.6m	2.6m	2.6m	4.5m	5.0m	6.6m	6.6m
Financial fixed assets`28`	1	1	1.4m	2.6m	2.6m	2.6m	4.5m	5.0m	6.6m	6.6m
Affiliated companies`280/1`	-	-	-	-	2.6m	2.6m	4.5m	5.0m	6.6m	6.6m
Participating interests`280`	-	-	-	-	2.6m	2.6m	4.5m	5.0m	6.6m	6.6m
Amounts receivable`281`	-	-	-	-	-	-	-	0	-	-
Current assets`29/58`	87,362	84,324	118,688	62,726	70,829	62,661	69,913	54,007	247,801	180,254
Amounts receivable within one year`40/41`	82,499	82,499	102,464	37,931	65,133	61,556	49,735	51,302	205,008	166,210
Trade receivables`40`	-	-	19,965	-	-	-	-	-	195,000	153,000
Other amounts receivable`41`	82,499	82,499	82,499	37,931	65,133	61,556	49,735	51,302	10,008	13,210
Cash at bank and in hand`54/58`	4,863	1,825	16,224	24,795	5,696	1,105	20,178	2,705	42,793	14,044
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	87,363	84,325	1.5m	2.7m	2.7m	2.7m	4.5m	5.0m	6.9m	6.8m
Equity`10/15`	-2.1m	-2.2m	-950,470	298,112	345,051	475,874	2.3m	2.8m	4.3m	3.9m
Contributions`10/11`	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m
Issued capital`100`	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m
Reserves`13`	65,652	65,652	65,652	65,652	65,652	65,652	65,652	65,652	65,652	43,185
Legal reserve`130`	65,652	65,652	65,652	65,652	65,652	65,652	65,652	65,652	65,652	43,185
Profit (loss) carried forward`14`	-5.2m	-5.3m	-4.0m	-2.8m	-2.7m	-2.6m	-760,462	-222,279	1.2m	820,512
Provisions and deferred taxes`16`	121,037	121,037	121,037	121,037	40,000	-	-	-	-	-
Provisions for liabilities and charges`160/5`	121,037	121,037	121,037	121,037	40,000	-	-	-	-	-
Other liabilities and charges`164/5`	121,037	121,037	121,037	-	40,000	-	-	-	-	-
Amounts payable`17/49`	2.1m	2.2m	2.3m	2.3m	2.3m	2.2m	2.2m	2.2m	2.6m	2.9m
Amounts payable after more than one year`17`	1.5m	1.9m	2.0m	1.9m	2.1m	576,402	821,900	1.2m	1.7m	2.3m
Financial debts`170/4`	-	451,206	507,268	463,604	540,395	576,402	821,900	1.2m	1.7m	2.3m
Subordinated loans`170`	-	-	-	-	284,206	158,589	216,923	131,250	189,583	247,917
Credit institutions`173`	-	-	-	-	256,189	408,813	577,977	1.1m	1.5m	2.0m
Other loans`174`	-	-	-	-	-	9,000	27,000	-	-	-
Trade debts`175`	96,807	65,824	92,812	-	-	-	-	-	-	-
Other amounts payable`178/9`	1.4m	1.4m	1.4m	1.4m	1.5m	-	-	-	-	-
Amounts payable within one year`42/48`	562,733	250,613	326,130	425,153	264,206	1.7m	1.4m	973,833	819,053	667,521
Current portion of amounts payable after more than one year`42`	-	92,062	194,548	319,123	152,879	245,497	251,081	533,329	533,329	533,329
Trade debts`44`	84,708	131,386	105,762	93,002	97,715	27,498	338,031	363,842	267,521	117,222
Suppliers`440/4`	84,708	131,386	105,762	93,002	97,715	27,498	183,331	100,150	72,755	117,222
Bills of exchange payable`441`	-	-	-	-	-	-	154,700	263,692	194,767	-
Taxes, remuneration and social security`45`	14,320	10,307	1,469	691	-	-	454	66	18,202	16,970
Taxes`450/3`	14,320	10,307	1,469	691	-	-	454	66	18,202	16,970
Other amounts payable`47/48`	463,705	16,858	24,351	12,337	13,613	1.4m	797,000	76,596	-	-
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	23,164	14	-	-
Income statement
Operating income`70/76A`	-	-	-	-	150,396	605,358	533,275	615,127	894,415	1.3m
Turnover`70`	-	-	-	109,750	150,396	605,358	533,275	615,127	894,415	1.3m
Gross operating margin`9900`	123,469	184,517	61,531	117,179	-	-	-	-	-	-
Operating charges`60/66A`	-	-	-	-	161,464	516,325	470,382	619,797	694,725	1.1m
Goods, raw materials, services and sundry goods`60/61`	-	-	-	17,512	-	-	-	-	-	-
Services and other goods`61`	-	-	-	-	121,414	516,225	470,331	619,746	694,725	1.1m
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	105,979	40,000	-	-	-	-	-
Other operating charges`640/8`	923	923	55	2,185	50	100	50	50	-	-
Non-recurring operating charges`66A`	-	1.4m	1.3m	-	-	1.8m	496,323	1.7m	143,000	-
Operating profit (loss)`9901`	122,546	183,594	61,476	9,015	-11,068	89,033	62,893	-4,669	199,690	256,150
Financial income`75/76B`	-	-	841	-	17	457	35	300,291	520,057	874,725
Recurring financial income`75`	-	-	841	-	17	457	35	300,291	520,057	874,725
Income from financial fixed assets`750`	-	-	-	-	-	-	-	300,000	520,000	874,316
Income from current assets`751`	-	-	-	-	17	457	35	90	57	409
Other financial income`752/9`	-	-	-	-	-	-	-	201	0	-
Financial charges`65/66B`	24,905	1.4m	1.3m	55,440	119,772	99,811	104,800	110,855	129,985	250,160
Recurring financial charges`65`	24,905	45,206	39,294	55,440	119,772	99,811	104,800	110,855	129,985	250,160
Debt charges`650`	-	-	-	-	119,772	99,811	103,235	109,548	128,972	246,715
Other financial charges`652/9`	-	-	-	-	-	-	1,565	1,307	1,013	3,445
Non-recurring financial charges`66B`	-	1.4m	1.3m	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	97,641	-1.2m	-1.2m	-46,425	-130,823	-1.8m	-538,195	-1.5m	446,763	880,714
Income taxes`67/77`	10,500	-	-	513	-	-5	-12	26	-2,582	17,018
Taxes`670/3`	-	-	-	-	-	-	5	26	-	17,018
Tax adjustments and reversals of tax provisions`77`	-	-	-	-	-	5	17	-	2,582	-
Profit (loss) for the period`9904`	87,141	-1.2m	-1.2m	-46,938	-130,823	-1.8m	-538,183	-1.5m	449,344	863,697
Profit (loss) for the period to be appropriated`9905`	87,141	-1.2m	-1.2m	-46,938	-130,823	-1.8m	-538,183	-1.5m	449,344	863,697
Appropriation of the result
Profit (loss) to be appropriated`9906`	-5.2m	-5.3m	-4.0m	-2.8m	-2.7m	-2.6m	-760,462	-222,279	1.3m	863,697
Transfer to equity`691/2`	-	-	-	-	-	-	-	0	22,467	43,185
To the legal reserve`6920`	-	-	-	-	-	-	-	0	22,467	43,185
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Source: Annual accounts 2018 (PDF), filed on 30-04-2019.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-09-2018	full format	30-04-2019	2019-12600042	PDF
30-09-2017	full format	11-06-2018	2018-18500365	PDF
30-09-2016	full format	30-04-2017	2017-10900462	PDF
30-09-2015	full format	01-04-2016	2016-08800201	PDF
30-09-2014	full format	09-03-2015	2015-05900121	PDF
30-09-2013	full format	09-05-2014	2014-11900210	PDF
30-09-2012	full format	14-04-2013	2013-08900487	PDF
30-09-2011	full format	30-03-2012	2012-07600594	PDF
30-09-2010	full format	29-03-2011	2011-07100160	PDF
30-09-2009	full format	28-04-2010	2010-10300419	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Investment in fixed assets	-	-	-	-	-	-	-	-	-	6.6m
Change in cash	3,038	-14,399	-8,571	19,099	4,591	-19,073	17,474	-40,088	28,749	-
Working capital	-475,371	-166,289	-207,442	-362,427	-193,377	-1.6m	-1.3m	-919,826	-571,252	-487,267
EBIT margin	-	-	-	8.2%	-7.4%	14.7%	11.8%	-0.8%	22.3%	19.1%
Solvency	-	-	-63.6%	11.0%	12.7%	17.6%	50.8%	56.7%	62.8%	56.8%
Current ratio	0.16	0.34	0.36	0.15	0.27	0.04	0.05	0.06	0.30	0.27
Debt to equity	-	-	-	7.69	6.76	4.70	0.97	0.76	0.59	0.76
ROE	-	-	-	-15.7%	-37.9%	-384.4%	-23.3%	-51.7%	10.4%	22.4%
ROA	99.7%	-	-83.5%	-1.7%	-4.8%	-67.5%	-11.9%	-29.3%	6.5%	12.7%
Customer credit	-	-	-	126 days	158 days	37 days	34 days	30 days	80 days	42 days
Supplier credit	-	-	-	1938 days	294 days	19 days	262 days	214 days	141 days	39 days

A ratio outside any meaningful range has been withheld (balance sheet total €87,363, equity -€2.1m).

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on PATCH SERVICES

The operating result for 2018 is 33% lower than in 2017.

Equity is negative. Debt (€2.1m) exceeds the balance-sheet total (€87,363).

Board & ownership

Curator

1 mandate

Antoine Braun

Curator, Vieux Chemin Du Poete 11, 1301 Bierges

from 10-02-2020 to 03-01-2022

Also on 114 other cases

Control

Shareholder in 2019

EIFEL DEVELOPMENT

49.97%

This company

PATCH SERVICES

Equity -€2.1m

Profit €87,141 in 2018

Capital

Capital: €3,000,000
Source: 2018 annual accounts

Owners through the years

as the annual accounts name them

EIFEL DEVELOPMENT

49.97%

SOCIETE D'INVESTISSEMENT ET DE FINANCEMENT DU BRABANT WALLON

20%

MARIGNY

15%7.53%

7.53%

Owners as a list

EIFEL DEVELOPMENT
- 2013 to 2019: 49.97%
SOCIETE D'INVESTISSEMENT ET DE FINANCEMENT DU BRABANT WALLON
- 2008 to 2019: 20%
MARIGNY
- 2010 to 2011: 15%
- 2012 to 2019: 7.53%

Source: lists of holdings in the owners' accounts

Office holders in the KBO →

Network & group

Holdings

own accounts to 30-09-2018

This companyPATCH SERVICES1 holding, 1 country accounts to 30-09-2018

Belgium 1 Equity Result

BE PATCH PHARMA99.95%open bankruptcy -€1.7m result €156,956

Source: list of holdings in its own 30-09-2018 accounts. Every holding stands with its own latest accounts.

Holdings through the years

2009 to 2018

Holdings through the years
Name	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018
PATCH PHARMA 2009 to 2018: 99.95%	99.95%

Source: list of holdings in its own accounts

Connections & network

See the function holders in the KBO register.

Timeline

16 events since 2008

Filings

Financial

End and insolvency

2008201020122014201620182020202220242026

2022

11-01-2022

Bankruptcy closure (by liquidation) Enterprise Court of Walloon Brabant · judgment of 03-01-2022

2020

14-02-2020

Bankruptcy published Enterprise Court of Walloon Brabant · judgment of 10-02-2020

2019

30-04-2019

Annual accounts 2018 filed PDFfull format · on the deadline day

2018

30-09-2018

Back to profit net €87,141 The net result is €87,141, after 7 loss-making years.

11-06-2018

Annual accounts 2017 filed PDFfull format · 42 days late

2017

30-04-2017

Annual accounts 2016 filed PDFfull format · on the deadline day

2016

01-04-2016

Annual accounts 2015 filed PDFfull format · 29 days before the deadline

2015

09-03-2015

Annual accounts 2014 filed PDFfull format · 52 days before the deadline

2014

07-07-2014

Deed on the end the last of 2 in the Belgian Official Gazette

09-05-2014

Annual accounts 2013 filed PDFfull format · 9 days late

2013

30-09-2013

Weakest financial year net -€1.8m The net result drops to -€1.8m, the lowest from 2009 to 2018.

14-04-2013

Annual accounts 2012 filed PDFfull format · 16 days before the deadline

2012

30-03-2012

Annual accounts 2011 filed PDFfull format · 31 days before the deadline

2011

29-03-2011

Annual accounts 2010 filed PDFfull format · 32 days before the deadline

2010

28-04-2010

Annual accounts 2009 filed PDFfull format · 2 days before the deadline

2008

12-03-2008

Incorporation PDF18 publications in the Belgian Official Gazette, the last on 08-07-2019

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

Total assets fell from €2.7m in 2014 to €87,363 in 2018.¹ The bankruptcy of PATCH SERVICES was declared on 10 February 2020 and closed on 3 January 2022.²³

Company details

Inactive

PATCH SERVICES is no longer in the KBO register.

Last annual accounts: financial year to 30 September 2018
Last registered office: Dreve Richelle 161, Bte 57, 1410 Waterlooas published on 8 July 2019
Legal form: Public limited company
First annual accounts: financial year 2009

Official KBO record