Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Of this, €73,660 falls due within a year.
In 2025, 20 people joined and 19 left.
The 2024 accounts came latest: 60 days after the end of the period.
Less equity than 90% of companies in food and beverage service. Sector median €28,639 · 17,193 companies.
In July 2024, 1,017 companies had the same profile as PATCHAPA has now. Each dot stands for 3 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,017 companies, not a prediction for PATCHAPA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| PATCHAPA Brugelette | €53,458 | €53,773 | -87.6% | - |
| SEBONSAB Mons | €49,940 | €49,061 | 9.5% | - |
| KING 47 Ham-sur-Heure-Nalinnes | €57,268 | €52,904 | 41.3% | - |
| L'ITALIEN DU COIN Charleroi | €62,441 | €50,678 | 70.0% | - |
| LA MADONNINA Soignies | €56,883 | €50,781 | 53.9% | - |
| CHICAS & CRABS Waterloo | €51,644 | €49,137 | -156.0% | - |
| Big Four Happiness Begijnendijk | €45,997 | €50,778 | 72.2% | - |
These companies have the same main activity as PATCHAPA: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €46,000 and €62,400, founded between 2022 and 2023.
PATCHAPA files the micro format. That format states no turnover. The gross margin rose from -€17,900 in 2023 to €53,773 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €150,000 and €240,000.
Higher than 11% of 17,162 companies in 2025.
Higher than 17% of 16,586 companies in 2025.
Higher than 60% of 16,669 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 20 people joined and 19 left.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
53,458 | 57,536 | 52,768 | |
20 |
1,070 | 1,655 | 2,241 | |
21/28 |
26,195 | 38,395 | 38,934 | |
21 |
16,967 | 28,329 | 38,329 | |
22/27 |
9,228 | 10,066 | 605 | |
23 |
3,929 | 1,157 | 605 | |
24 |
5,299 | 8,909 | - | |
29/58 |
26,193 | 17,486 | 11,593 | |
3 |
5,438 | 4,162 | 275 | |
30/36 |
5,438 | 4,162 | 275 | |
40/41 |
9,500 | 2,572 | 822 | |
40 |
726 | 726 | 726 | |
41 |
8,774 | 1,846 | 96 | |
54/58 |
9,836 | 9,281 | 8,627 | |
490/1 |
1,419 | 1,471 | 1,870 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
53,458 | 57,536 | 52,768 | |
10/15 |
-46,819 | -51,380 | -32,321 | |
10/11 |
6,000 | 6,000 | 6,000 | |
14 |
-52,819 | -57,380 | -38,321 | |
17/49 |
100,277 | 108,916 | 85,090 | |
17 |
26,617 | 34,896 | 42,777 | |
170/4 |
26,617 | 34,896 | 42,777 | |
42/48 |
73,660 | 74,020 | 42,312 | |
42 |
8,279 | 7,881 | 7,502 | |
44 |
40,946 | 47,197 | 19,110 | |
440/4 |
40,946 | 47,197 | 19,110 | |
45 |
2,211 | 17,320 | 14,847 | |
450/3 |
89 | - | 551 | |
454/9 |
2,122 | 17,320 | 14,296 | |
47/48 |
22,224 | 1,622 | 854 | |
| Income statement | ||||
9900 |
53,773 | 23,902 | -17,900 | |
62 |
32,754 | 25,517 | 3,197 | |
630 |
13,958 | 11,324 | 12,415 | |
640/8 |
120 | 100 | 348 | |
9901 |
6,941 | -13,039 | -33,860 | |
75/76B |
13 | 2 | - | |
75 |
13 | 2 | - | |
65/66B |
2,392 | 6,022 | 4,462 | |
65 |
2,392 | 6,022 | 4,462 | |
9903 |
4,562 | -19,059 | -38,321 | |
67/77 |
1 | - | - | |
9904 |
4,561 | -19,059 | -38,321 | |
9905 |
4,561 | -19,059 | -38,321 | |
| Appropriation of the result | ||||
9906 |
-52,819 | -57,380 | -38,321 | |
14P |
-57,380 | -38,321 | - | |
| Social balance sheet | ||||
9087 |
4 | 2.2 | 1 | |
Hours worked1013 |
2,028 | - | 200 | |
| Document | ||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00463993.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 20,899 | -1,715 | -21,444 | ||
| 18,519 | -7,735 | -25,906 | ||
| 2,875 | 10,200 | 50,663 | ||
| 555 | 654 | - | ||
| -47,467 | -56,534 | -30,719 | ||
| -87.6% | -89.3% | -61.3% | ||
| 0.36 | 0.24 | 0.27 | ||
| 0.28 | 0.18 | 0.27 | ||
| 8.5% | -33.1% | -72.6% | ||
| 8.74 | -0.28 | -4.81 |
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.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 4 | 3 | 1 |
| part-time | 4 | 3 | 1 |
| in full-time equivalents | 1.1 | 1.1 | 0.4 |
| 2.2 | - | 0.4 | |
| On a permanent contract | 2 | - | - |
| Joined | 20 | 12 | 2 |
| Left | 19 | 10 | 1 |
Source: social balance sheet in the 2023 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €2,875 | €10,200 | €663 |
| Intangible fixed assets | - | - | €50,000 |
| €13,958 | €11,324 | €12,415 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €6,941, after a loss of €13,039 in 2024. It is the highest result since 2023.
Equity is negative. Debt (€100,277) exceeds the balance-sheet total (€53,458).
PATCHAPA has no parent and no holdings in its annual accounts. PATCHAPA shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Chemin de la Boutonnerie 1 registered office 7940 Brugelette | |||
| 100 PATATES Rue de la Sucrerie 1, 7940 Brugelette | 01-11-2022 | 2.339.058.394 | Chip shop |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 51012A0386/02P000 | 628 m² | 1 · 72 m² | 9.2 m · 3 |
If something looks wrong or is missing, please tell us.