PATCHWORK - LE PATCH
ActiveSummary
The computed 12-month bankruptcy probability of PATCHWORK - LE PATCH is 1.9% (moderate). The 2025 annual accounts show equity of €70,525 and a net result of -€12,223. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 68% of 13560 sector peers (fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-37
Solvency76▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.46 in 2024; short-term debt: 34.2% and cash: 7.2% of total assets), and 49.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
50.9%
Return on assets
-8.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
on the day
2021
3 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€70,525▼ 14.8%
2024 · €82,748
Total assets
€138,616▼ 12.6%
2024 · €158,539
Net result
-€12,223
2024 · €3,910
Working capital
-€20,236▲ 49.9%
2024 · -€40,364
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€20,082▲ 57.5%€51,130▲ 155%€85▼ 99.8%€6,214▲ 7,211%-€7,424
Net result€16,928within the sector's middle half▲ 72.6%€43,006above the sector's middle half▲ 154%-€1,869within the sector's middle half€3,910within the sector's middle half-€12,223below the sector's middle half
Equity€37,701within the sector's middle half▲ 81.5%€80,707above the sector's middle half▲ 114%€78,838within the sector's middle half▼ 2.3%€82,748within the sector's middle half▲ 5.0%€70,525within the sector's middle half▼ 14.8%
Total assets€72,226within the sector's middle half▲ 53.1%€134,112within the sector's middle half▲ 85.7%€133,801within the sector's middle half▼ 0.2%€158,539within the sector's middle half▲ 18.5%€138,616within the sector's middle half▼ 12.6%
Debt€34,525▲ 30.7%€53,405▲ 54.7%€54,963▲ 2.9%€75,791▲ 37.9%€68,091▼ 10.2%
Working capital€25,362▲ 1,145%€1,550▼ 93.9%-€21,642-€40,364▼ 86.5%-€20,236▲ 49.9%
Solvency52.2%within the sector's middle half▲ 8.2pp60.2%above the sector's middle half▲ 8.0pp58.9%above the sector's middle half▼ 1.3pp52.2%within the sector's middle half▼ 6.7pp50.9%within the sector's middle half▼ 1.3pp
Staff (FTE)4.1▲ 64.0%6.1▲ 48.8%6.1=7.8▲ 27.9%8.3▲ 6.4%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 2025: a loss of €7,424 after €6,214 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,616
Fixed assets
€111,414 ▼ 10.1%
Current assets
€27,202 ▼ 21.4%
Equity and liabilities €138,616
Equity
€70,525 ▼ 14.8%
Debt
€68,091 ▼ 10.2%
Debt's share of the balance-sheet total rises from 47.8% to 49.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14,063▼
2024 · €22,655
Cash flow
€9,264▼
2024 · €20,351
Current ratio
0.57▲
2024 · 0.46
Quick ratio
0.34▲
2024 · 0.32
Debt to equity
0.97▲
2024 · 0.92
ROE
-17.3%▼
2024 · 4.7%
ROA
-8.8%▼
2024 · 2.5%
Interest coverage
3.24▼
2024 · 17.43
Debt ≤ 1 year
€47,438▼
2024 · €74,977
Debt > 1 year
€19,287▲
2024 · €814
Income taxes
€556▼
2024 · €1,442
Staff costs
€100,798▼
2024 · €123,095
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,304 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €94,254 | €103,728 | €123,095 | €100,798 | ▼ 18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,889 | €7,213 | €9,895 | €16,441 | €21,487 | ▲ 30.7% |
| Other operating charges640/8 | - | €3,917 | €3,873 | €1,830 | €2,864 | ▲ 56.5% |
| Gross operating margin9900 | €74,054 | €156,514 | €117,581 | €147,580 | €117,725 | ▼ 20.2% |
| Operating profit (loss)9901 | €20,082 | €51,130 | €85 | €6,214 | -€7,424 | ▼ 219% |
| Financial income75/76B | - | €307 | €170 | €438 | €99 | ▼ 77.4% |
| Recurring financial income75 | €11 | €307 | €170 | €438 | €99 | ▼ 77.4% |
| Financial charges65/66B | - | €3,386 | €2,218 | €1,300 | €4,342 | ▲ 234% |
| Recurring financial charges65 | €2,916 | €3,386 | €2,218 | €1,300 | €4,342 | ▲ 234% |
| Profit (loss) for the period before taxes9903 | €17,177 | €48,051 | -€1,963 | €5,352 | -€11,667 | ▼ 318% |
| Income taxes67/77 | €249 | €5,045 | -€94 | €1,442 | €556 | ▼ 61.4% |
| Profit (loss) for the period9904 | €16,928 | €43,006 | -€1,869 | €3,910 | -€12,223 | ▼ 413% |
| Profit (loss) for the period to be appropriated9905 | €16,928 | €43,006 | -€1,869 | €3,910 | -€12,223 | ▼ 413% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,226 | €134,112 | €133,801 | €158,539 | €138,616 | ▼ 12.6% |
| Fixed assets21/28 | €25,711 | €88,547 | €105,794 | €123,926 | €111,414 | ▼ 10.1% |
| Tangible fixed assets22/27 | €25,634 | €88,469 | €105,716 | €123,848 | €111,336 | ▼ 10.1% |
| Plant, machinery and equipment23 | - | €30,995 | €38,382 | €34,594 | €28,306 | ▼ 18.2% |
| Furniture and vehicles24 | - | €2,474 | €1,567 | €2,627 | €5,522 | ▲ 110% |
| Other tangible fixed assets26 | - | - | - | €86,627 | €77,508 | ▼ 10.5% |
| Assets under construction and advance payments27 | - | €55,000 | €65,767 | €0 | - | - |
| Financial fixed assets28 | €77 | €78 | €78 | €78 | €78 | = |
| Current assets29/58 | €46,515 | €45,565 | €28,007 | €34,613 | €27,202 | ▼ 21.4% |
| Stocks and contracts in progress3 | €8,121 | €7,308 | €8,028 | €10,402 | €11,119 | ▲ 6.9% |
| Stocks30/36 | - | €7,308 | €8,028 | €10,402 | €11,119 | ▲ 6.9% |
| Amounts receivable within one year40/41 | €7,549 | €7,667 | €9,883 | €7,811 | €4,307 | ▼ 44.9% |
| Trade receivables40 | - | €5,712 | €7,301 | €5,263 | €4,307 | ▼ 18.2% |
| Other amounts receivable41 | - | €1,955 | €2,582 | €2,548 | - | - |
| Cash at bank and in hand54/58 | €30,461 | €30,590 | €8,853 | €15,953 | €9,998 | ▼ 37.3% |
| Deferred charges and accrued income490/1 | - | - | €1,243 | €447 | €1,778 | ▲ 298% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,226 | €134,112 | €133,801 | €158,539 | €138,616 | ▼ 12.6% |
| Equity10/15 | €37,701 | €80,707 | €78,838 | €82,748 | €70,525 | ▼ 14.8% |
| Contributions10/11 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €29,292 | €29,292 | €29,292 | €29,292 | €29,292 | = |
| Non-distributable reserves130/1 | - | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | - | - | - | - |
| Distributable reserves133 | - | €27,433 | €29,292 | €29,292 | €29,292 | = |
| Profit (loss) carried forward14 | €2,212 | €45,218 | €43,349 | €47,259 | €35,036 | ▼ 25.9% |
| Amounts payable17/49 | €34,525 | €53,405 | €54,963 | €75,791 | €68,091 | ▼ 10.2% |
| Amounts payable after more than one year17 | €13,372 | €9,390 | €5,314 | €814 | €19,287 | ▲ 2,269% |
| Financial debts170/4 | - | €9,390 | €5,314 | €814 | - | - |
| Other amounts payable178/9 | - | - | - | - | €19,287 | - |
| Amounts payable within one year42/48 | €21,153 | €44,015 | €49,649 | €74,977 | €47,438 | ▼ 36.7% |
| Current portion of amounts payable after more than one year42 | - | €3,981 | €4,076 | €4,175 | €1,139 | ▼ 72.7% |
| Trade debts44 | - | €21,483 | €23,016 | €37,061 | €26,715 | ▼ 27.9% |
| Suppliers440/4 | - | €21,483 | €23,016 | €37,061 | €26,715 | ▼ 27.9% |
| Taxes, remuneration and social security45 | - | €14,677 | €14,813 | €20,406 | €19,181 | ▼ 6.0% |
| Taxes450/3 | - | €49 | €772 | €7,559 | €4,186 | ▼ 44.6% |
| Remuneration and social security454/9 | - | €14,628 | €14,041 | €12,847 | €14,995 | ▲ 16.7% |
| Other amounts payable47/48 | - | €3,874 | €7,744 | €13,335 | €403 | ▼ 97.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,366 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,928 | €43,006 | -€1,869 | €3,910 | -€12,223 | ▼ 413% |
| + Depreciation and write-downs630 | €12,889 | €7,213 | €9,895 | €16,441 | €21,487 | ▲ 30.7% |
| Operating cash flow (approximation) | €29,817 | €50,219 | €8,026 | €20,351 | €9,264 | ▼ 54.5% |
| Investment in fixed assets (approximation) | - | -€70,049 | -€27,142 | -€34,573 | -€8,975 | ▲ 74.0% |
| Change in cash | - | €129 | -€21,737 | €7,100 | -€5,955 | ▼ 184% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€12,223
Net result drops to -€12,223, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €3,910
Net result €3,910 after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €43,006 ▲154%
Operating result €51,130, net result €43,006, both a record.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity doublescurrent ratio 2.20
Current ratio from 1.10 to 2.20.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €9,809
Net result €9,809 after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Verviers · 2 establishment units since 1992
Ground area
1,555 m²
Building footprint
253 m²
Volume, LiDAR
1,339 m³
2 parcels, Wallonia · tallest building 23.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Chaussée de Heusy 173, 4800 Verviers
since 19922.058.678.114
PATCHWORK SRL LE PATCH
since 20252.375.046.186
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63036A0194/00F002 | Wallonia | 1,296 m² | 1 · 148 m² | 23.4 m · 3 fl. |
| 63572C0171/00H000 | Wallonia | 259 m² | 1 · 104 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesVerviers2.058.678.114
Verviers2.375.046.186
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 9,838 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-07-1992
Fiscal year end30-06
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447934221
Registered
26-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.