Turnover
≈ €340,000 estimated
The micro format states no turnover.
PATCHWORK - LE PATCH
Lifetime
19 annual accounts with figures on one time axis, 33 filings since 1993peak €156,514 (2022)
€117,725▼ 20.2%
lowest -€16,148 (2007)
-€12,223▼ €16,133
peak €82,748 (2024)
€70,525▼ 14.8%
€68,091▼ 10.2%
peak 4.1 FTE (2021)
-not published
Board1 name since 1992
1 director
Documentsfilings and deeds
30-01-20261 day before the deadline
2025micro format
Gross margin from €147,580 to €117,725Loss of €12,223Equity from €82,748 to €70,5251 establishment registeredCash from €15,953 to €9,998
Key points
from the 2025 annual accountsFilings
33 annual accounts since 1993
The last five annual accounts were filed 0 to 3 days before the end of the period.
Position in the sector
-€12,223
Lower net result than 81% of companies in food and beverage service. Sector median €4,667 · 18,538 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 12,344 companies had the same profile as PATCHWORK - LE PATCH has now. Each dot stands for 31 companies, two years later.
90.1%
were still trading
8.7%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 12,344 companies, not a prediction for PATCHWORK - LE PATCH. 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.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0447934221
New establishment in Verviers
PATCHWORK SRL LE PATCH, Avenue du Chêne 219
Company renamed from PATCHWORK - RESTAURANT LE PATCH to PATCHWORK - LE PATCH
Change of role: , from manager to director · “L'exploitation de restaurants,établissements de restauration sous toute ses formes,de salons de…” (deed in French) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 17-04-2023 · Gazette deed
First establishment
Chaussée de Heusy 173, Verviers
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PATCHWORK - LE PATCH Verviers | €138,616 | €117,725 | 50.9% | - |
| LE GRECO HANNUT Hannut | €130,464 | €130,902 | 77.3% | - |
| Den Bruel Gavere | €133,021 | €112,567 | 54.9% | - |
| KASTEEL FRUITHOF - RESTAURANT ONZEA Boechout | €136,633 | €115,379 | 76.7% | - |
| De Zwaan Aarschot | €140,578 | €127,357 | 70.4% | - |
| LA COTE DE BEAUNE Uccle | €137,247 | €112,264 | 15.6% | - |
| CSM CIAO ITALIA Leuven | €133,051 | €128,637 | 64.5% | - |
These companies have the same main activity as PATCHWORK - LE PATCH: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €130,000 and €141,000, founded between 1988 and 1994.
Official details
Source: KBO- Status
- Active since 17-07-1992Normal situation
- Activity
- Full-service restaurantsNACE 56111and 1 other
- Establishment units
- 2.058.678.1144800 Verviers, since 01-09-1992
- 2.375.046.1864802 Verviers, since 16-06-2025
- Financial year end
- 30 June
- Peppol
- Reachable since 26-01-2026
Annual accounts to 30-06-2025
- €138,616▼ 12.6%
- Employeeson 30-06-2025
- 6=
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on PATCHWORK - LE PATCH
PATCHWORK - LE PATCH files the micro format. That format states no turnover. The gross margin rose from €38,162 in 2007 to €117,725 in 2025.
The balance sheet grew most from 2021 to 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PATCHWORK - LE PATCH
- What is the company number of PATCHWORK - LE PATCH?
- The company number of PATCHWORK - LE PATCH is 0447.934.221. The VAT number is the same number with BE in front: BE 0447.934.221.
- Where is PATCHWORK - LE PATCH based?
- The registered office is at Chaussée de Heusy 173, 4800 Verviers.Company details
- What does PATCHWORK - LE PATCH do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of PATCHWORK - LE PATCH?
- PATCHWORK - LE PATCH is a private limited company (BV).
- When was PATCHWORK - LE PATCH founded?
- PATCHWORK - LE PATCH was founded on 17-07-1992.
- Is PATCHWORK - LE PATCH still active?
- Yes, PATCHWORK - LE PATCH is an active enterprise in the KBO register.
- How many employees does PATCHWORK - LE PATCH have?
- PATCHWORK - LE PATCH had an average of 8.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PATCHWORK - LE PATCH?
- The turnover in financial year 2025 is ≈ €340,000. This figure is estimated from the gross margin of €117,725 and 93 comparable companies (NACE 56111). It probably lies between €290,000 and €410,000.
- Is PATCHWORK - LE PATCH profitable?
- In financial year 2025, PATCHWORK - LE PATCH made a loss of €12,223.
- Where can I find the annual accounts of PATCHWORK - LE PATCH?
- PATCHWORK - LE PATCH filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PATCHWORK - LE PATCH due?
- PATCHWORK - LE PATCH must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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