PATEL
ActiveSummary
The computed 12-month bankruptcy probability of PATEL is 2.0% (moderate). The 2025 annual accounts show negative equity (-€6,109) and a net result of €5,110. Equity is shrinking by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 18% of 18458 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-10
Solvency10▲+10
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87 against 0.71 in 2024; short-term debt: 114.9% and cash: 28.9% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-14.9%
Return on assets
12.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 18458 sector peers (2025).
NBB · sector comparisonPosition among 18458 sector peers
Solvency
better than 18%
← 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 17-08-2026, 17 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 · 7 filingsDeviation from the deadline
2025
17 d late
2024
28 d late
2023
24 d late
2022
78 d late
2021
31 d late
2020
23 d late
2019
60 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 37 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€285,866
EBIT margin
0.3%
Net result
€5,110▲ 581%
2024 · €750
Working capital
-€6,109▲ 55.5%
2024 · -€13,732
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€16,283€12,398-€14,780€1,099€8,531▲ 676%
Net result-€16,930▼ 8,265%€11,877-€15,184€750€5,110▲ 581%
EBIT margin
Equity-€8,661€3,215-€11,969-€11,219▲ 6.3%-€6,109▲ 45.5%
Total assets€60,829▲ 1.6%€77,542▲ 27.5%€54,804▼ 29.3%€35,543▼ 35.1%€40,971▲ 15.3%
Debt€69,491▲ 34.7%€74,327▲ 7.0%€66,773▼ 10.2%€46,762▼ 30.0%€47,080▲ 0.7%
Working capital-€24,055▼ 117%-€7,325▲ 69.6%-€18,326▼ 150%-€13,732▲ 25.1%-€6,109▲ 55.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 676% above 2024.
Key figures and ratios
EBITDA
€11,044▲
2024 · €6,842
Cash flow
€7,623▲
2024 · €6,493
Solvency
-14.9%▲
2024 · -31.6%
Current ratio
0.87▲
2024 · 0.71
Quick ratio
0.32▲
2024 · 0.26
Debt to equity
-7.71▼
2024 · -4.17
ROA
12.5%▲
2024 · 2.1%
Interest coverage
3.23▼
2024 · 19.60
Debt ≤ 1 year
€47,080▲
2024 · €46,762
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,910 | €7,897 | €7,343 | €5,743 | €2,513 | ▼ 56.2% |
| Other operating charges640/8 | €1,872 | €543 | €422 | €778 | €1,034 | ▲ 32.8% |
| Gross operating margin9900 | -€7,502 | €20,838 | -€7,015 | €7,620 | €12,077 | ▲ 58.5% |
| Operating profit (loss)9901 | -€16,283 | €12,398 | -€14,780 | €1,099 | €8,531 | ▲ 676% |
| Financial income75/76B | €0 | €0 | €37 | €0 | - | - |
| Recurring financial income75 | €0 | €0 | €37 | €0 | - | - |
| Financial charges65/66B | €648 | €521 | €441 | €349 | €3,421 | ▲ 880% |
| Recurring financial charges65 | €648 | €521 | €441 | €349 | €3,421 | ▲ 880% |
| Profit (loss) for the period before taxes9903 | -€16,930 | €11,877 | -€15,184 | €750 | €5,110 | ▲ 581% |
| Profit (loss) for the period9904 | -€16,930 | €11,877 | -€15,184 | €750 | €5,110 | ▲ 581% |
| Profit (loss) for the period to be appropriated9905 | -€16,930 | €11,877 | -€15,184 | €750 | €5,110 | ▲ 581% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,829 | €77,542 | €54,804 | €35,543 | €40,971 | ▲ 15.3% |
| Fixed assets21/28 | €23,497 | €15,599 | €8,256 | €2,513 | €0 | ▼ 100% |
| Intangible fixed assets21 | €5,000 | €3,000 | €1,000 | - | €0 | - |
| Tangible fixed assets22/27 | €18,497 | €12,599 | €7,256 | €2,513 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €4,402 | €2,485 | €1,121 | €357 | €0 | ▼ 100% |
| Furniture and vehicles24 | €14,094 | €10,115 | €6,135 | €2,156 | €0 | ▼ 100% |
| Current assets29/58 | €37,332 | €61,942 | €46,548 | €33,030 | €40,971 | ▲ 24.0% |
| Stocks and contracts in progress3 | €20,820 | €20,820 | €20,820 | €20,820 | €25,750 | ▲ 23.7% |
| Stocks30/36 | €20,820 | €20,820 | €20,820 | €20,820 | €25,750 | ▲ 23.7% |
| Amounts receivable within one year40/41 | €1,770 | €324 | €1,267 | €5,605 | €2,543 | ▼ 54.6% |
| Trade receivables40 | - | - | - | €872 | €478 | ▼ 45.2% |
| Other amounts receivable41 | €1,770 | €324 | €1,267 | €4,733 | €2,065 | ▼ 56.4% |
| Cash at bank and in hand54/58 | €14,352 | €40,091 | €24,461 | €6,606 | €11,849 | ▲ 79.4% |
| Deferred charges and accrued income490/1 | €390 | €707 | - | - | €830 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,829 | €77,542 | €54,804 | €35,543 | €40,971 | ▲ 15.3% |
| Equity10/15 | -€8,661 | €3,215 | -€11,969 | -€11,219 | -€6,109 | ▲ 45.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Other1109/19 | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Reserves13 | €200 | €200 | €200 | €200 | €200 | = |
| Non-distributable reserves130/1 | €200 | €200 | €200 | €200 | €200 | = |
| Reserves not available under the articles1311 | €200 | €200 | €200 | €200 | €200 | = |
| Profit (loss) carried forward14 | -€15,061 | -€3,185 | -€18,369 | -€17,619 | -€12,509 | ▲ 29.0% |
| Amounts payable17/49 | €69,491 | €74,327 | €66,773 | €46,762 | €47,080 | ▲ 0.7% |
| Amounts payable after more than one year17 | €8,103 | €5,060 | €1,900 | - | - | - |
| Financial debts170/4 | €8,103 | €5,060 | €1,900 | - | - | - |
| Amounts payable within one year42/48 | €61,387 | €69,267 | €64,873 | €46,762 | €47,080 | ▲ 0.7% |
| Current portion of amounts payable after more than one year42 | €2,931 | €3,044 | €3,160 | €1,900 | - | - |
| Trade debts44 | €4,801 | €8,558 | €12,107 | €6,446 | €6,422 | ▼ 0.4% |
| Suppliers440/4 | €4,801 | €8,558 | €12,107 | €6,446 | €6,422 | ▼ 0.4% |
| Taxes, remuneration and social security45 | €3,419 | €6,415 | €747 | €804 | €853 | ▲ 6.1% |
| Taxes450/3 | €3,419 | €6,415 | €747 | €804 | €853 | ▲ 6.1% |
| Other amounts payable47/48 | €50,236 | €51,251 | €48,859 | €37,612 | €39,805 | ▲ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,930 | €11,877 | -€15,184 | €750 | €5,110 | ▲ 581% |
| + Depreciation and write-downs630 | €6,910 | €7,897 | €7,343 | €5,743 | €2,513 | ▼ 56.2% |
| Operating cash flow (approximation) | -€10,021 | €19,774 | -€7,841 | €6,493 | €7,623 | ▲ 17.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €25,739 | -€15,630 | -€17,855 | €5,243 | ▲ 129% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €750
Net result €750 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 78 days late
2022
31-12
Financial
Back to profitnet €11,877
Net result €11,877 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€16,930
Net result drops to -€16,930, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 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
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, Gent · 1 establishment unit since 2019
Ground area
75 m²
Building footprint
68 m²
Volume, LiDAR
913 m³
Parcel 44021A1149/00G000, Flanders · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PATEL
since 20192.285.307.825
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A1149/00G000 | Flanders | 75 m² | 1 · 68 m² | 16.1 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.285.307.825
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Of 3,824 companies in sector 47210 we hold annual accounts for 965. 309 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 (pre-2019)
Founded23-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47210Retail sale of fruit and vegetables
47252Retail sale of beverages, general range
47260Retail trade
47271Retail trade
Contact
Phone
0491527690Gent
Scores and ratios are computed by Checked and are not a credit decision.