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PatCorp

Active
Private limited companyfounded 20233 yrs activeWaterloosesteenweg 920, 1000 Brussel, BelgiumKBO/BCE: BE 0804.300.838
Summary

The computed 12-month bankruptcy probability of PatCorp is 1.8% (moderate). The 2025 annual accounts show negative equity (-€44,833) and a net result of €18,121. Its solvency ranks better than 11% of 7997 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability42▲+42
Solvency18▲+1
Growth78
Track record94
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 0.48 in 2024; short-term debt: 21% and cash: 0% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 7997 sector peers (2025).
NBB · sector comparison
Position among 7997 sector peers
Solvency
better than 11%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
12 d late
2024
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 26 July 2023, PatCorp was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€44,833▲ 28.8%
2024 · -€62,954
Total assets
€688,380▼ 8.1%
2024 · €749,007
Net result
€18,121
2024 · -€155,454
Working capital
-€112,742▼ 36.9%
2024 · -€82,350
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€125,384-€43,322
Net result-€155,454below the sector's middle half-€18,121within the sector's middle half
Equity-€62,954below the sector's middle half--€44,833below the sector's middle half▲ 28.8%
Total assets€749,007above the sector's middle half-€688,380above the sector's middle half▼ 8.1%
Debt€811,961-€733,213▼ 9.7%
Working capital-€82,350below the sector's middle half--€112,742below the sector's middle half▼ 36.9%
Solvency-8.4%below the sector's middle half--6.5%below the sector's middle half▲ 1.9pp
Current ratio0.48below the sector's middle half-0.22below the sector's middle half▼ 0.26
Return on assets (ROA)-20.8%below the sector's middle half-2.6%within the sector's middle half▲ 23.4pp
above within below the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
-€200,000-€150,000-€100,000-€50,000€0€50,000Operating result 2024: -€125,384-€125,384Net result 2024: -€155,454-€155,454Operating result 2025: €43,322€43,322Net result 2025: €18,121€18,12120242025-€200,000-€150,000-€100,000-€50,000€0€50,000Operating result 2024: -€125,384-€125,000Net result 2024: -€155,454-€155,000Operating result 2025: €43,322€43,300Net result 2025: €18,121€18,10020242025
The operating result returns to profit in 2025: €43,322 after a loss of €125,384 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €688,380
Fixed assets €656,432 ▼ 2.4%
Current assets €31,948 ▼ 58.1%
Equity and liabilities
Equity-€44,833
Debt€733,213
Equity is negative: debt (€733,213) exceeds the balance-sheet total (€688,380).
Key figures and ratios
2025 value · change against 2024
EBITDA
€59,901▲
2024 · -€43,579
Cash flow
€34,700▲
2024 · -€73,649
Interest coverage
2.40▲
2024 · -1.47
Debt ≤ 1 year
€144,690▼
2024 · €158,606
Debt > 1 year
€588,348▼
2024 · €622,788
Income taxes
€203▼
2024 · €546
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 262 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a profit under 5% of the balance sheet
1.1% went bankrupt
0.8% stopped otherwise
97% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.8% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 262 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€749,007€688,380▼
Fixed assets21/28€672,751€656,432▼
Tangible fixed assets22/27€672,751€656,172▼
Land and buildings22€668,668€652,826▼
Plant, machinery and equipment23€2,030€1,864▼
Furniture and vehicles24€2,053€1,481▼
Financial fixed assets28-€260
Current assets29/58€76,256€31,948▼
Stocks and contracts in progress3€1,541-
Stocks30/36€1,541-
Amounts receivable within one year40/41€64,340€30,566▼
Trade receivables40€64,334€30,241▼
Other amounts receivable41€6€325▲
Cash at bank and in hand54/58€5,969€0▼
Deferred charges and accrued income490/1€4,407€1,383▼
Equity and liabilities
Total equity and liabilities10/49€749,007€688,380▼
Equity10/15-€62,954-€44,833▲
Contributions10/11€92,500€92,500=
Profit (loss) carried forward14-€155,454-€137,333▲
Amounts payable17/49€811,961€733,213▼
Amounts payable after more than one year17€622,788€588,348▼
Financial debts170/4€622,788€588,348▼
Amounts payable within one year42/48€158,606€144,690▼
Current portion of amounts payable after more than one year42€23,740€45,923▲
Financial debts43-€633
Credit institutions430/8-€633
Trade debts44€63,972€23,831▼
Suppliers440/4€63,972€23,831▼
Taxes, remuneration and social security45€487-
Taxes450/3€487-
Other amounts payable47/48€70,407€74,303▲
Accrued charges and deferred income492/3€30,567€175▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81,805€16,579▼
Other operating charges640/8€3,450€3,208▼
Gross operating margin9900-€40,129€63,110▲
Operating profit (loss)9901-€125,384€43,322▲
Financial income75/76B€23€2▼
Recurring financial income75€23€2▼
Financial charges65/66B€29,548€25,000▼
Recurring financial charges65€29,548€25,000▼
Profit (loss) for the period before taxes9903-€154,909€18,324▲
Income taxes67/77€546€203▼
Profit (loss) for the period9904-€155,454€18,121▲
Profit (loss) for the period to be appropriated9905-€155,454€18,121▲
Appropriation of the result
Profit (loss) to be appropriated9906-€155,454-€137,333▲
Profit (loss) brought forward from the previous period14P--€155,454

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81,805€16,579▼ 79.7%
Other operating charges640/8€3,450€3,208▼ 7.0%
Gross operating margin9900-€40,129€63,110▲ 257%
Operating profit (loss)9901-€125,384€43,322▲ 135%
Financial income75/76B€23€2▼ 91.3%
Recurring financial income75€23€2▼ 91.3%
Financial charges65/66B€29,548€25,000▼ 15.4%
Recurring financial charges65€29,548€25,000▼ 15.4%
Profit (loss) for the period before taxes9903-€154,909€18,324▲ 112%
Income taxes67/77€546€203▼ 62.8%
Profit (loss) for the period9904-€155,454€18,121▲ 112%
Profit (loss) for the period to be appropriated9905-€155,454€18,121▲ 112%
Line20242025Change
Assets
Total assets20/58€749,007€688,380▼ 8.1%
Fixed assets21/28€672,751€656,432▼ 2.4%
Tangible fixed assets22/27€672,751€656,172▼ 2.5%
Land and buildings22€668,668€652,826▼ 2.4%
Plant, machinery and equipment23€2,030€1,864▼ 8.2%
Furniture and vehicles24€2,053€1,481▼ 27.9%
Financial fixed assets28-€260-
Current assets29/58€76,256€31,948▼ 58.1%
Stocks and contracts in progress3€1,541--
Stocks30/36€1,541--
Amounts receivable within one year40/41€64,340€30,566▼ 52.5%
Trade receivables40€64,334€30,241▼ 53.0%
Other amounts receivable41€6€325▲ 5,747%
Cash at bank and in hand54/58€5,969€0▼ 100%
Deferred charges and accrued income490/1€4,407€1,383▼ 68.6%
Equity and liabilities
Total equity and liabilities10/49€749,007€688,380▼ 8.1%
Equity10/15-€62,954-€44,833▲ 28.8%
Contributions10/11€92,500€92,500=
Profit (loss) carried forward14-€155,454-€137,333▲ 11.7%
Amounts payable17/49€811,961€733,213▼ 9.7%
Amounts payable after more than one year17€622,788€588,348▼ 5.5%
Financial debts170/4€622,788€588,348▼ 5.5%
Amounts payable within one year42/48€158,606€144,690▼ 8.8%
Current portion of amounts payable after more than one year42€23,740€45,923▲ 93.4%
Financial debts43-€633-
Credit institutions430/8-€633-
Trade debts44€63,972€23,831▼ 62.7%
Suppliers440/4€63,972€23,831▼ 62.7%
Taxes, remuneration and social security45€487--
Taxes450/3€487--
Other amounts payable47/48€70,407€74,303▲ 5.5%
Accrued charges and deferred income492/3€30,567€175▼ 99.4%
Line20242025Change
Profit (loss) for the period9904-€155,454€18,121▲ 112%
+ Depreciation and write-downs630€81,805€16,579▼ 79.7%
Operating cash flow (approximation)-€73,649€34,700▲ 147%
Investment in fixed assets (approximation)--€260-
Change in cash--€5,969-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
12-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
31-12
Financial Back to profitnet €18,121
Net result €18,121 after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
2,717 m²
Building footprint
906 m²
Volume, LiDAR
9,904 m³
2 parcels, Brussels · tallest building 21.9 m, ±5 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Waterloosesteenweg 715, 1180 Ukkel
Renting and operating of own or leased non-residential real estate, excluding land
since 20232.350.314.255
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21612C0001/00B055 Brussels 2,498 m² 1 · 796 m² 21.9 m · 2 fl.
21822R0283/00P002 Brussels 219 m² 1 · 110 m² 17.0 m · 5 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

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,494 companies in this sector we hold annual accounts for 9,420. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded26-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0804300838
Registered 26-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.