PATCHWORK
ActivePATCHWORK has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37k and a net result of €-4k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 15881 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-92
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 4.37 against 8.16 in 2023), and 20.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
79.8%
Return on assets
-7.9%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
34 d early
2022
32 d late
2021
31 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€37k▼ 9.0%
2023 · €41k
2018: €35k
2019: €28k
2020: €32k
2021: €39k
2022: €34k
2023: €41k
2018 → 2024
Total assets
€47k▲ 2.7%
2023 · €46k
2018: €62k
2019: €53k
2020: €47k
2021: €46k
2022: €39k
2023: €46k
2018 → 2024
Net result
€-4k
2023 · €8k
2018: €-8k
2019: €-7k
2020: €5k
2021: €7k
2022: €-5k
2023: €8k
2018 → 2024
Working capital
€30k▼ 1.8%
2023 · €30k
2018: €27k
2019: €22k
2020: €27k
2021: €34k
2022: €26k
2023: €30k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€32k-€39k▲ 20.3%€34k▼ 13.2%€41k▲ 22.6%€37k▼ 9.0%
Operating result€6k-€7k▲ 9.7%€-4k€12k€-2k
Net result€5k-€7k▲ 43.5%€-5k€8k€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €12k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47k
Fixed assets
€8k▼ 26.3%
Current assets
€39k▲ 11.8%
Equity and liabilities €47k
Equity
€37k▼ 9.0%
Debt
€9k▲ 109%
The debt ratio rises from 9.9% to 20.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€449▼
2023 · €14k
Cash flow
€-835▼
2023 · €10k
Solvency
79.8%▼
2023 · 90.1%
Current ratio
4.37▼
2023 · 8.16
Quick ratio
4.37▼
2023 · 8.16
Debt / equity
0.25▲
2023 · 0.11
ROE
-9.9%▼
2023 · 18.4%
ROA
-7.9%▼
2023 · 16.6%
Interest coverage
1.20▼
2023 · 48.78
Debt
€9k▲
2023 · €5k
Debt ≤ 1 year
€9k▲
2023 · €4k
Income taxes
€976▼
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€46k€47k▲
Fixed assets21/28€11k€8k▼
Intangible fixed assets21€1k€809▼
Tangible fixed assets22/27€10k€7k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€2k€713▼
Other tangible fixed assets26€2k€2k=
Current assets29/58€35k€39k▲
Amounts receivable within one year40/41€11k€15k▲
Trade receivables40€8k€12k▲
Other amounts receivable41€3k€3k▲
Current investments50/53€4k€4k=
Cash at bank and in hand54/58€20k€20k▲
Equity and liabilities
Total equity and liabilities10/49€46k€47k▲
Equity10/15€41k€37k▼
Contributions10/11€7k€7k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€33k€29k▼
Amounts payable17/49€5k€9k▲
Amounts payable within one year42/48€4k€9k▲
Trade debts44€288€1k▲
Suppliers440/4€288€1k▲
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€4k=
Remuneration and social security454/9€0€4k▲
Accrued charges and deferred income492/3€275€575▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€16k€2k▼
Operating profit (loss)9901€12k€-2k▼
Financial income75/76B€11€66▲
Recurring financial income75€11€66▲
Financial charges65/66B€296€374▲
Recurring financial charges65€296€374▲
Profit (loss) for the period before taxes9903€12k€-3k▼
Income taxes67/77€4k€976▼
Profit (loss) for the period9904€8k€-4k▼
Profit (loss) for the period to be appropriated9905€8k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€29k▼
Profit (loss) brought forward from the previous period14P€25k€33k▲
Transfer from equity791/2€0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Mortsel · 1 establishment unit since 2001
Ground area
541 m²
Building footprint
143 m²
Volume, LiDAR
937 m³
Parcel 11513C0055/00S005, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Van Peborghlei 39, 2640 Mortsel
since 20012.101.160.154
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0055/00S005 | Flanders | 541 m² | 1 · 143 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,738 companies in sector 46150 we hold annual accounts for 750. 549 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-08-2000
Fiscal year end31-12
Activities, NACEBEL
46150Agents in the wholesale of furniture, household goods and hardware
51150
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.