PATELEC
ActivePATELEC has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176k and a net result of €15k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 94% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+23
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 7.88 against 6.79 in 2024; short-term debt: 8.7% and cash: 22.6% of total assets), and 8.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
91.3%
Return on assets
8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
27 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
60 d late
2019
90 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€176k▲ 9.6%
2024 · €161k
2018: €64k
2019: €77k
2020: €105k
2021: €134k
2022: €154k
2023: €162k
2024: €161k
2018 → 2025
Total assets
€193k▲ 7.9%
2024 · €179k
2018: €215k
2019: €200k
2020: €184k
2021: €193k
2022: €200k
2023: €183k
2024: €179k
2018 → 2025
Net result
€15k
2024 · €-235
2018: €21k
2019: €14k
2020: €28k
2021: €31k
2022: €20k
2023: €8k
2024: €-235
2018 → 2025
Working capital
€116k▲ 10.2%
2024 · €105k
2018: €46k
2019: €25k
2020: €48k
2021: €88k
2022: €104k
2023: €109k
2024: €105k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€134k-€154k▲ 14.2%€162k▲ 5.2%€161k▼ 0.6%€176k▲ 9.6%
Operating result€44k-€29k▼ 33.4%€12k▼ 58.8%€1k▼ 88.2%€23k▲ 1,496%
Net result€31k-€20k▼ 35.6%€8k▼ 59.6%€-235€15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,496% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193k
Fixed assets
€60k▲ 8.4%
Current assets
€133k▲ 7.7%
Equity and liabilities €193k
Equity
€176k▲ 9.6%
Debt
€17k▼ 7.2%
The debt ratio falls from 10.2% to 8.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2024 · €6k
Cash flow
€23k▲
2024 · €4k
Solvency
91.3%▲
2024 · 89.8%
Current ratio
7.88▲
2024 · 6.79
Quick ratio
7.88▲
2024 · 6.79
Debt / equity
0.10▼
2024 · 0.11
ROE
8.8%▲
2024 · -0.1%
ROA
8.0%▲
2024 · -0.1%
Interest coverage
36.26▲
2024 · 4.51
Debt
€17k▼
2024 · €18k
Debt ≤ 1 year
€17k▼
2024 · €18k
Income taxes
€7k▲
2024 · €673
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€179k€193k▲
Fixed assets21/28€55k€60k▲
Tangible fixed assets22/27€55k€60k▲
Land and buildings22€48k€44k▼
Furniture and vehicles24€8k€16k▲
Current assets29/58€123k€133k▲
Amounts receivable within one year40/41€86k€89k▲
Trade receivables40€72k€77k▲
Other amounts receivable41€15k€12k▼
Cash at bank and in hand54/58€37k€44k▲
Deferred charges and accrued income490/1€709€756▲
Equity and liabilities
Total equity and liabilities10/49€179k€193k▲
Equity10/15€161k€176k▲
Contributions10/11€11k€11k=
Reserves13€86k€101k▲
Distributable reserves133€86k€101k▲
Profit (loss) carried forward14€64k€64k=
Amounts payable17/49€18k€17k▼
Amounts payable within one year42/48€18k€17k▼
Financial debts43€3k€3k▼
Credit institutions430/8€3k€3k▼
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€3k€7k▲
Taxes450/3€3k€7k▲
Other amounts payable47/48€4k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€7k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€8k€31k▲
Operating profit (loss)9901€1k€23k▲
Financial income75/76B€321€208▼
Recurring financial income75€321€208▼
Financial charges65/66B€1k€820▼
Recurring financial charges65€1k€820▼
Profit (loss) for the period before taxes9903€438€22k▲
Income taxes67/77€673€7k▲
Profit (loss) for the period9904€-235€15k▲
Profit (loss) for the period to be appropriated9905€-235€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€64k€79k▲
Profit (loss) brought forward from the previous period14P€64k€64k▼
Transfer to equity691/2-€15k
To other reserves6921-€15k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €-235 ▼103%
Net result drops to €-235, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150kEq €154k ▲14.2%
5 profitable years in a row build equity to €154k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €31k ▲10.5%
Operating result €44k, net result €31k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Equity above €100kEq €105k ▲36.3%
3 profitable years in a row build equity to €105k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oudergem · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Albert Meunierstraat 521160 OudergemGround area
205 m²
Building footprint
104 m²
Volume, LiDAR
711 m³
Parcel 21332C0017/00F014, Brussels · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PATELEC
since 19962.076.316.276
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332C0017/00F014 | Brussels | 205 m² | 1 · 104 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
NOBIS
BE 0667.552.911
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Jens Eelbode
BE 0759.741.612
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TACKTIMO
BE 0787.927.436
Deinze · Eq €176k
MARES ELEKTRICITEITSWERKEN
BE 0460.713.277
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JOMA
BE 0846.105.957
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,438 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-1995
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.