PATCOUS
ActiveSummary
PATCOUS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €936,432 and a net result of €199,964. Equity is shrinking by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-1
Solvency72▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.47 in 2024; short-term debt: 22.2% and cash: 0.7% of total assets), and 53.1% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.9%
Return on assets
10%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €936,432
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
3 d early
2023
21 d late
2022
21 d early
2021
21 d early
2020
23 d early
2019
51 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 11 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€199,964▼ 24.0%
2024 · €263,155
Working capital
-€295,870▼ 33.0%
2024 · -€222,508
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
Line20212022202320242025
Operating result€293,444▲ 15.4%€93,119▼ 68.3%€76,758▼ 17.6%€100,659▲ 31.1%€93,709▼ 6.9%
Net result€410,362above the sector's middle half▲ 51.4%€266,752above the sector's middle half▼ 35.0%€177,801within the sector's middle half▼ 33.3%€263,155above the sector's middle half▲ 48.0%€199,964within the sector's middle half▼ 24.0%
Equity€1.7mabove the sector's middle half▼ 32.0%€845,512above the sector's middle half▼ 49.6%€823,313within the sector's middle half▼ 2.6%€886,468above the sector's middle half▲ 7.7%€936,432within the sector's middle half▲ 5.6%
Total assets€3.2mabove the sector's middle half▲ 6.3%€2.3mabove the sector's middle half▼ 28.0%€2.2mwithin the sector's middle half▼ 3.5%€2.1mabove the sector's middle half▼ 6.6%€2.0mwithin the sector's middle half▼ 4.7%
Debt€1.5m▲ 201%€1.4m▼ 3.9%€1.4m▼ 3.3%€1.2m▼ 14.5%€1.0m▼ 11.5%
Working capital-€221,940below the sector's middle half-€1.0mbelow the sector's middle half▼ 354%€31,272within the sector's middle half-€222,508below the sector's middle half-€295,870below the sector's middle half▼ 33.0%
Solvency52.1%within the sector's middle half▼ 29.3pp36.4%within the sector's middle half▼ 15.6pp36.7%within the sector's middle half▲ 0.3pp42.4%within the sector's middle half▲ 5.6pp46.9%within the sector's middle half▲ 4.6pp
Current ratio0.85within the sector's middle half▼ 2.730.30below the sector's middle half▼ 0.551.08within the sector's middle half▲ 0.790.47below the sector's middle half▼ 0.610.33below the sector's middle half▼ 0.14
Return on assets (ROA)12.7%within the sector's middle half▲ 3.8pp11.5%within the sector's middle half▼ 1.2pp7.9%within the sector's middle half▼ 3.6pp12.6%within the sector's middle half▲ 4.6pp10.0%within the sector's middle half▼ 2.6pp
Staff (FTE)1within the sector's middle half▼ 41.2%0below the sector's middle half
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.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.8m ▼ 2.3%
Current assets
€146,334 ▼ 27.0%
Equity and liabilities €2.0m
Equity
€936,432 ▲ 5.6%
Provisions
€11,875 ▼ 49.9%
Debt
€1.0m ▼ 11.5%
Debt's share of the balance-sheet total falls from 56.5% to 52.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€163,674=
2024 · €163,622
Cash flow
€269,929▼
2024 · €326,118
Debt to equity
1.12▼
2024 · 1.33
ROE
21.4%▼
2024 · 29.7%
Interest coverage
5.68▲
2024 · 5.47
Debt ≤ 1 year
€442,203▲
2024 · €422,958
Debt > 1 year
€604,283▼
2024 · €759,380
Income taxes
€26,764▲
2024 · €25,562
Staff costs
€0▼
2024 · €287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €13,575 | €6,612 | - | - | - | - |
| Remuneration, social security and pensions62 | €30,074 | €869 | €306 | €287 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,750 | €63,083 | €63,083 | €62,964 | €69,965 | ▲ 11.1% |
| Other operating charges640/8 | €16,842 | €46,207 | €15,613 | €16,212 | €16,772 | ▲ 3.5% |
| Gross operating margin9900 | €403,110 | €203,277 | €155,760 | €180,121 | €180,446 | ▲ 0.2% |
| Operating profit (loss)9901 | €293,444 | €93,119 | €76,758 | €100,659 | €93,709 | ▼ 6.9% |
| Financial income75/76B | €201,069 | €200,000 | €150,000 | €206,110 | €150,000 | ▼ 27.2% |
| Recurring financial income75 | €199,900 | €200,000 | €150,000 | €206,110 | €150,000 | ▼ 27.2% |
| Non-recurring financial income76B | €1,169 | - | - | - | - | - |
| Financial charges65/66B | €15,348 | €4,812 | €41,667 | €29,892 | €28,822 | ▼ 3.6% |
| Recurring financial charges65 | €14,311 | €4,812 | €41,667 | €29,892 | €28,822 | ▼ 3.6% |
| Non-recurring financial charges66B | €1,037 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €479,165 | €288,307 | €185,091 | €276,876 | €214,887 | ▼ 22.4% |
| Transfer from deferred taxes780 | €11,841 | €11,841 | €11,841 | €11,841 | €11,841 | = |
| Income taxes67/77 | €80,644 | €33,396 | €19,131 | €25,562 | €26,764 | ▲ 4.7% |
| Profit (loss) for the period9904 | €410,362 | €266,752 | €177,801 | €263,155 | €199,964 | ▼ 24.0% |
| Transfer from tax-exempt reserves789 | €28,989 | €28,989 | €28,989 | €28,989 | €28,989 | = |
| Profit (loss) for the period to be appropriated9905 | €439,351 | €295,741 | €206,790 | €292,144 | €228,953 | ▼ 21.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €2.3m | €2.2m | €2.1m | €2.0m | ▼ 4.7% |
| Fixed assets21/28 | €2.0m | €1.9m | €1.8m | €1.9m | €1.8m | ▼ 2.3% |
| Tangible fixed assets22/27 | €813,067 | €749,984 | €686,901 | €741,836 | €698,223 | ▼ 5.9% |
| Land and buildings22 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Plant, machinery and equipment23 | €1,523 | €882 | €241 | €114,197 | €108,463 | ▼ 5.0% |
| Furniture and vehicles24 | €698 | €388 | €79 | €0 | €24,574 | - |
| Leasing and similar rights25 | €310,846 | €248,714 | €186,582 | €127,639 | €65,186 | ▼ 48.9% |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €1.3m | €422,417 | €404,222 | €200,450 | €146,334 | ▼ 27.0% |
| Amounts receivable within one year40/41 | €58,136 | €40,017 | €27,757 | €29,826 | €33,975 | ▲ 13.9% |
| Trade receivables40 | €12,000 | - | €14,604 | €15,196 | €16,882 | ▲ 11.1% |
| Other amounts receivable41 | €46,136 | €40,017 | €13,153 | €14,630 | €17,093 | ▲ 16.8% |
| Current investments50/53 | €300,000 | €300,000 | €300,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €892,697 | €79,635 | €73,561 | €120,023 | €14,754 | ▼ 87.7% |
| Deferred charges and accrued income490/1 | €11,096 | €2,765 | €2,904 | €50,600 | €97,604 | ▲ 92.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €2.3m | €2.2m | €2.1m | €2.0m | ▼ 4.7% |
| Equity10/15 | €1.7m | €845,512 | €823,313 | €886,468 | €936,432 | ▲ 5.6% |
| Contributions10/11 | €129,455 | €129,455 | €129,455 | €129,455 | €129,455 | = |
| Capital10 | €129,455 | €129,455 | €129,455 | €129,455 | €129,455 | = |
| Issued capital100 | €141,850 | €141,850 | €141,150 | €141,150 | €141,150 | = |
| Uncalled capital101 | €12,395 | €12,395 | €11,695 | €11,695 | €11,695 | = |
| Reserves13 | €1.5m | €716,057 | €693,858 | €757,013 | €806,977 | ▲ 6.6% |
| Non-distributable reserves130/1 | €19,375 | €19,375 | €19,375 | €19,375 | €19,375 | = |
| Legal reserve130 | €19,375 | €19,375 | €19,375 | €19,375 | €19,375 | = |
| Tax-exempt reserves132 | €145,028 | €116,039 | €87,050 | €58,061 | €29,072 | ▼ 49.9% |
| Distributable reserves133 | €1.4m | €580,644 | €587,433 | €679,577 | €758,529 | ▲ 11.6% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €59,237 | €47,396 | €35,556 | €23,715 | €11,875 | ▼ 49.9% |
| Deferred taxes168 | €59,237 | €47,396 | €35,556 | €23,715 | €11,875 | ▼ 49.9% |
| Amounts payable17/49 | €1.5m | €1.4m | €1.4m | €1.2m | €1.0m | ▼ 11.5% |
| Amounts payable after more than one year17 | - | - | €1.0m | €759,380 | €604,283 | ▼ 20.4% |
| Financial debts170/4 | - | - | €759,539 | €759,380 | €604,283 | ▼ 20.4% |
| Other amounts payable178/9 | - | - | €250,000 | €0 | - | - |
| Amounts payable within one year42/48 | €1.5m | €1.4m | €372,950 | €422,958 | €442,203 | ▲ 4.6% |
| Current portion of amounts payable after more than one year42 | €215,781 | €10,000 | €132,924 | €150,159 | €155,098 | ▲ 3.3% |
| Trade debts44 | €5,591 | €2,190 | €3,159 | €66,389 | €3,931 | ▼ 94.1% |
| Suppliers440/4 | €5,591 | €2,190 | €3,159 | €66,389 | €3,931 | ▼ 94.1% |
| Taxes, remuneration and social security45 | €36,791 | €34,254 | €27,287 | €5,580 | €12,344 | ▲ 121% |
| Taxes450/3 | €30,791 | €34,254 | €27,287 | €5,580 | €12,344 | ▲ 121% |
| Remuneration and social security454/9 | €6,000 | - | - | - | - | - |
| Other amounts payable47/48 | €1.2m | €1.4m | €209,580 | €200,830 | €270,831 | ▲ 34.9% |
| Accrued charges and deferred income492/3 | €3,365 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €410,362 | €266,752 | €177,801 | €263,155 | €199,964 | ▼ 24.0% |
| + Depreciation and write-downs630 | €62,750 | €63,083 | €63,083 | €62,964 | €69,965 | ▲ 11.1% |
| Operating cash flow (approximation) | €473,112 | €329,835 | €240,884 | €326,118 | €269,929 | ▼ 17.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€117,899 | -€26,352 | ▲ 77.6% |
| Change in cash | - | -€813,062 | -€6,074 | €46,462 | -€105,269 | ▼ 327% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 18 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 1.08
Current ratio from 0.30 to 1.08; short-term debt falls from €1.4m to €372,950.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €410,362 ▲51.4%
Operating result €293,444, net result €410,362, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €2mEq €2.5m ▲35.2%
3 profitable years in a row build equity to €2.5m.
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
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 10 acts read
About the unread acts
We know of 10 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
10 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, Ukkel · 1 establishment unit since 2020
Ground area
965 m²
Building footprint
227 m²
Volume, LiDAR
5,670 m³
Parcel 21612C0003/00T018, Brussels · tallest building 28.2 m, ±8 floors. Linked by address, not a title deed.
22
companies at this address
See who is registered here
1 establishment unit
PATCOUS
since 20202.309.460.429
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0003/00T018 | Brussels | 965 m² | 1 · 227 m² | 28.2 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 · 1 holdingChain of control
- IDENTIC HOLDING
- PATCOUS
Highest known parent: IDENTIC HOLDING. The sources do not say who stands above it.
Owners 1
- IDENTIC HOLDINGparent100%
Holdings 1
-
99.95%
According to the 2025 annual accounts of PATCOUS 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. 28,579 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-08-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464044337
Registered
06-08-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.