PATCOR
ActiveSummary
PATCOR has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €6.3m and a net result of €1.1m. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 87% of 136 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability88▲+13
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550,000 at 30 days acceptable
Liquidity ample (current ratio 6.07 against 15.63 in 2025; short-term debt: 10.9% and cash: 17.1% of total assets), and 11% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
89%
Return on assets
15.7%
Age of the figures
5 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2026 was due by 30-11-2026 and was filed on 17-09-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
74 d early
2025
2 d late
2024
19 d late
2023
on the day
2022
on the day
2021
on the day
2020
17 d late
← 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 5 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-04-2027 and is due by 30-11-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-04-2027 close30-11-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
In the rankings
#2 company by equity in De Haan, Professional and technical services sector#3 company by total assets in De Haan, Professional and technical services sector
Equity
€6.3m▲ 6.9%
2025 · €5.9m
Total assets
€7.1m▲ 16.7%
2025 · €6.1m
Net result
€1.1m▲ 280%
2025 · €293,094
Working capital
€3.9m▲ 70.0%
2025 · €2.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20222023202420252026
Operating result€205,614▲ 54.3%€295,573▲ 43.8%€503,600▲ 70.4%€428,519▼ 14.9%€264,502▼ 38.3%
Net result€1.4mabove the sector's middle half▲ 1,427%€175,530above the sector's middle half▼ 87.7%€368,532above the sector's middle half▲ 110%€293,094above the sector's middle half▼ 20.5%€1.1m▲ 280%
Equity€5.2mabove the sector's middle half▲ 37.2%€5.4mabove the sector's middle half▲ 3.0%€5.6mabove the sector's middle half▲ 4.3%€5.9mabove the sector's middle half▲ 5.2%€6.3m▲ 6.9%
Total assets€5.3mabove the sector's middle half▲ 27.9%€5.4mabove the sector's middle half▲ 2.9%€5.8mabove the sector's middle half▲ 6.2%€6.1mabove the sector's middle half▲ 5.7%€7.1m▲ 16.7%
Debt€36,224▼ 88.2%€31,946▼ 11.8%€132,205▲ 314%€171,276▲ 29.6%€781,250▲ 356%
Working capital€1.6m▲ 1,119%€1.8m▲ 11.9%€2.0m▲ 13.7%€2.3m▲ 14.7%€3.9m▲ 70.0%
Solvency99.3%above the sector's middle half▲ 6.8pp99.4%above the sector's middle half▲ 0.1pp97.7%above the sector's middle half▼ 1.7pp97.2%above the sector's middle half▼ 0.5pp89.0%▼ 8.2pp
Staff (FTE)1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=1.5within the sector's middle half▲ 50.0%2▲ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2026 is 38% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €7.1m
Fixed assets
€2.4m ▼ 33.2%
Current assets
€4.7m ▲ 90.5%
Equity and liabilities €7.1m
Equity
€6.3m ▲ 6.9%
Debt
€781,250 ▲ 356%
Debt's share of the balance-sheet total rises from 2.8% to 11.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€265,761▼
2025 · €429,411
Cash flow
€1.1m▲
2025 · €293,986
Current ratio
6.07▼
2025 · 15.63
Debt to equity
0.12▲
2025 · 0.03
ROE
17.6%▲
2025 · 4.9%
ROA
15.7%▲
2025 · 4.8%
Interest coverage
55.37▲
2025 · 41.78
Debt ≤ 1 year
€772,550▲
2025 · €157,536
Income taxes
€172,863▲
2025 · €143,921
Staff costs
€158,200▲
2025 · €116,663
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €88,845 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €57,779 | €61,023 | €70,863 | €116,663 | €158,200 | ▲ 35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,664 | €29,664 | €728 | €892 | €1,259 | ▲ 41.1% |
| Other operating charges640/8 | €1,828 | €891 | €962 | €743 | €3,621 | ▲ 387% |
| Non-recurring operating charges66A | - | - | - | - | €11,924 | - |
| Gross operating margin9900 | €294,886 | €387,151 | €576,153 | €546,816 | €439,506 | ▼ 19.6% |
| Operating profit (loss)9901 | €205,614 | €295,573 | €503,600 | €428,519 | €264,502 | ▼ 38.3% |
| Financial income75/76B | €1.3m | - | €17,590 | €18,773 | €1.0m | ▲ 5,376% |
| Recurring financial income75 | €1.3m | - | €17,590 | €18,773 | €15,761 | ▼ 16.0% |
| Non-recurring financial income76B | - | - | - | - | €1.0m | - |
| Financial charges65/66B | €659 | €384 | €2,624 | €10,277 | €4,800 | ▼ 53.3% |
| Recurring financial charges65 | €659 | €384 | €2,624 | €10,277 | €4,800 | ▼ 53.3% |
| Profit (loss) for the period before taxes9903 | €1.5m | €295,189 | €518,565 | €437,015 | €1.3m | ▲ 195% |
| Income taxes67/77 | €66,511 | €119,658 | €150,033 | €143,921 | €172,863 | ▲ 20.1% |
| Profit (loss) for the period9904 | €1.4m | €175,530 | €368,532 | €293,094 | €1.1m | ▲ 280% |
| Transfer from tax-exempt reserves789 | - | €124,000 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €299,530 | €368,532 | €293,094 | €1.1m | ▲ 280% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.3m | €5.4m | €5.8m | €6.1m | €7.1m | ▲ 16.7% |
| Fixed assets21/28 | €3.7m | €3.6m | €3.6m | €3.6m | €2.4m | ▼ 33.2% |
| Tangible fixed assets22/27 | €29,664 | - | €1,948 | €1,056 | €2,390 | ▲ 126% |
| Furniture and vehicles24 | €29,664 | - | €1,948 | €1,056 | €2,390 | ▲ 126% |
| Financial fixed assets28 | €3.6m | €3.6m | €3.6m | €3.6m | €2.4m | ▼ 33.3% |
| Current assets29/58 | €1.6m | €1.8m | €2.1m | €2.5m | €4.7m | ▲ 90.5% |
| Amounts receivable after more than one year29 | - | - | - | €593,000 | €3.0m | ▲ 414% |
| Other amounts receivable291 | - | - | - | €593,000 | €3.0m | ▲ 414% |
| Stocks and contracts in progress3 | - | - | €454,194 | €0 | - | - |
| Stocks30/36 | - | - | €454,194 | €0 | - | - |
| Amounts receivable within one year40/41 | €729,890 | €647,661 | €434,617 | €185,101 | €418,020 | ▲ 126% |
| Trade receivables40 | €15,915 | €6,112 | €6,203 | €24,624 | €287,243 | ▲ 1,067% |
| Other amounts receivable41 | €713,975 | €641,548 | €428,414 | €160,478 | €130,777 | ▼ 18.5% |
| Cash at bank and in hand54/58 | €881,493 | €1.1m | €1.2m | €1.7m | €1.2m | ▼ 26.5% |
| Deferred charges and accrued income490/1 | €2,196 | €2,692 | €2,417 | €26,122 | €5,161 | ▼ 80.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.3m | €5.4m | €5.8m | €6.1m | €7.1m | ▲ 16.7% |
| Equity10/15 | €5.2m | €5.4m | €5.6m | €5.9m | €6.3m | ▲ 6.9% |
| Contributions10/11 | €2.8m | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Reserves13 | €2.4m | €2.6m | €2.8m | €3.1m | €3.5m | ▲ 13.1% |
| Non-distributable reserves130/1 | €62,729 | €62,729 | - | - | - | - |
| Reserves not available under the articles1311 | €62,729 | €62,729 | - | - | - | - |
| Tax-exempt reserves132 | €124,000 | - | - | - | - | - |
| Distributable reserves133 | €2.3m | €2.5m | €2.8m | €3.1m | €3.5m | ▲ 13.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €36,224 | €31,946 | €132,205 | €171,276 | €781,250 | ▲ 356% |
| Amounts payable within one year42/48 | €34,172 | €29,101 | €120,801 | €157,536 | €772,550 | ▲ 390% |
| Current portion of amounts payable after more than one year42 | €2,123 | - | - | - | - | - |
| Trade debts44 | €4,126 | €909 | €3,910 | €11,187 | €1,695 | ▼ 84.8% |
| Suppliers440/4 | €4,126 | €909 | €3,910 | €11,187 | €1,695 | ▼ 84.8% |
| Taxes, remuneration and social security45 | €27,123 | €27,392 | €34,857 | €108,059 | €118,017 | ▲ 9.2% |
| Taxes450/3 | €20,457 | €20,302 | €27,205 | €95,553 | €101,054 | ▲ 5.8% |
| Remuneration and social security454/9 | €6,666 | €7,090 | €7,652 | €12,505 | €16,963 | ▲ 35.6% |
| Other amounts payable47/48 | €800 | €800 | €82,034 | €38,290 | €652,838 | ▲ 1,605% |
| Accrued charges and deferred income492/3 | €2,052 | €2,845 | €11,404 | €13,740 | €8,700 | ▼ 36.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | €175,530 | €368,532 | €293,094 | €1.1m | ▲ 280% |
| + Depreciation and write-downs630 | €29,664 | €29,664 | €728 | €892 | €1,259 | ▲ 41.1% |
| Operating cash flow (approximation) | €1.5m | €205,194 | €369,261 | €293,986 | €1.1m | ▲ 280% |
| Investment in fixed assets (approximation) | - | €0 | -€2,676 | €0 | €1.2m | - |
| Change in cash | - | €264,565 | €92,073 | €419,204 | -€438,903 | ▼ 205% |
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 2027, expected by
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
02-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-04
Financial
Highest result since 2019net €1.4m ▲1,427%
Net result €1.4m, the highest in the series.
30-04
Financial
Liquidity times 33current ratio 47.22
Current ratio from 1.43 to 47.22; short-term debt falls from €303,101 to €34,172.
30-04
Financial
Equity above €5mEq €5.2m ▲37.2%
4 profitable years in a row build equity to €5.2m.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
30-04
Financial
Weakest financial yearnet €73,964 ▼80.3%
Net result drops to €73,964, the lowest in the series; recovery starts the following year.
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 2 days late
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · 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, De Haan · 1 establishment unit since 2010
Ground area
3,383 m²
Building footprint
1,083 m²
Volume, LiDAR
14,248 m³
2 parcels, Flanders · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
PATCOR
since 20102.194.630.344
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35385B0043/00C000 | Flanders | 2,319 m² | 1 · 1,061 m² | 19.4 m · 5 fl. |
| 35007A0371/00C003 | Flanders | 1,064 m² | 1 · 22 m² | 2.5 m · 1 fl. |
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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-04-2026 list no shareholders, and no other source names one.
Holdings 2
-
99.99%
-
25%
According to the annual accounts to 30-04-2026 of PATCOR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 9,541 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
Founded07-10-2010
Fiscal year end30-04
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830166382
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.