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PATIGNY

Active
Public limited companyfounded 198045 yrs activeKortrijksesteenweg 157, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0421.116.293
Summary

PATIGNY has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.1m and a net result of €543,702. Equity is shrinking by ~18.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability92▲+3
Solvency83▲+17
Growth50=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.24 in 2023; short-term debt: 26% and cash: 38% of total assets), and 41.6% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 45 years 0 50 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
58.4%
Return on assets
15.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
9 d early
2023
30 d early
2022
13 d early
2021
23 d early
2020
27 d late
2019
66 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 3 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
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

PATIGNY was incorporated on 24 December 1980.1 The registered office was moved to Sint-Martens-Latem in 2026.2 Revenue went from EUR 1.1 million in 2022 to EUR 1.1 million in 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 01-09-2026
  3. 3National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€1.1m▲ 0.3%
2023 · €1.1m
EBIT margin
61.1%▼ 15.5pp
2023 · 76.6%
Net result
€543,702▼ 20.8%
2023 · €686,421
Working capital
€620,596▼ 7.9%
2023 · €673,792
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
Line20202021202220232024
Turnover€1.1m€1.1m▲ 0.5%€1.1m▲ 0.3%
Operating result€450,370▼ 9.3%€616,883▲ 37.0%€784,020▲ 27.1%€857,601▲ 9.4%€686,095▼ 20.0%
Net result€110,478▼ 49.6%€372,107▲ 237%€573,155▲ 54.0%€686,421▲ 19.8%€543,702▼ 20.8%
EBIT margin70.4%76.6%▲ 6.2pp61.1%▼ 15.5pp
Equity€6.9m▲ 3.0%€7.3m▲ 5.4%€4.4m▼ 40.1%€2.3m▼ 47.4%€2.1m▼ 10.1%
Total assets€8.1m▲ 1.1%€8.1m▼ 0.3%€8.5m▲ 5.7%€5.6m▼ 34.1%€3.5m▼ 37.2%
Debt€745,924▲ 5.0%€411,208▼ 44.9%€3.8m▲ 830%€3.0m▼ 21.4%€1.2m▼ 61.2%
Working capital€1.4m▲ 46.6%€5.4m▲ 283%€2.6m▼ 51.5%€673,792▼ 74.1%€620,596▼ 7.9%
Why a figure moved sharply
  • 2022 Net result +54% on 2021. The accounts now follow the full schema, last year the abbreviated schema.
  • 2021 Net result +237% on 2020. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
€0€250,000€500,000€750,000Operating result 2020: €450,370€450,370Net result 2020: €110,478€110,478Operating result 2021: €616,883€616,883Net result 2021: €372,107€372,107Operating result 2022: €784,020€784,020Net result 2022: €573,155€573,155Operating result 2023: €857,601€857,601Net result 2023: €686,421€686,421Operating result 2024: €686,095€686,095Net result 2024: €543,702€543,70220202021202220232024€0€250,000€500,000€750,000Operating result 2022: €784,020€784,000Net result 2022: €573,155€573,000Operating result 2023: €857,601€858,000Net result 2023: €686,421€686,000Operating result 2024: €686,095€686,000Net result 2024: €543,702€544,000202220232024
The operating result falls in 2024; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.5m
Fixed assets €2.0m ▼ 7.8%
Current assets €1.5m ▼ 55.5%
Equity and liabilities €3.5m
Equity €2.1m ▼ 10.1%
Provisions €304,455 ▼ 6.4%
Debt €1.2m ▼ 61.2%
Debt's share of the balance-sheet total falls from 53.4% to 33.0%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€855,353▼
2023 · €1.0m
Cash flow
€712,960▼
2023 · €869,170
Current ratio
1.68▲
2023 · 1.24
Debt to equity
0.57▼
2023 · 1.31
ROE
26.3%▼
2023 · 29.9%
ROA
15.4%▲
2023 · 12.2%
Interest coverage
2756.09▲
2023 · 591.98
Debt ≤ 1 year
€918,040▼
2023 · €2.8m
Income taxes
€199,646▼
2023 · €239,479
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 20,082 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 · 2024 against 2023 · 68 lines
Balance sheet Code20232024
Assets
Total assets20/58€5.6m€3.5m▼
Fixed assets21/28€2.2m€2.0m▼
Tangible fixed assets22/27€2.2m€2.0m▼
Land and buildings22€2.2m€2.0m▼
Plant, machinery and equipment23€233€0▼
Current assets29/58€3.5m€1.5m▼
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€115,222€107,313▼
Trade receivables40€28,001€32,016▲
Other amounts receivable41€87,221€75,297▼
Current investments50/53€3.1m€0▼
Other investments51/53€3.1m€0▼
Cash at bank and in hand54/58€240,855€1.3m▲
Deferred charges and accrued income490/1€5,409€86,365▲
Equity and liabilities
Total equity and liabilities10/49€5.6m€3.5m▼
Equity10/15€2.3m€2.1m▼
Contributions10/11€700,000€700,000=
Capital10€700,000€700,000=
Issued capital100€700,000€700,000=
Reserves13€853,281€1.2m▲
Non-distributable reserves130/1€340,708€340,708=
Legal reserve130€340,708€340,708=
Tax-exempt reserves132€507,133€828,870▲
Distributable reserves133€5,440€5,440=
Profit (loss) carried forward14€742,528€189,492▼
Provisions and deferred taxes16€325,217€304,455▼
Provisions for liabilities and charges160/5€182,942€182,942=
Environmental obligations163€182,942€182,942=
Deferred taxes168€142,275€121,512▼
Amounts payable17/49€3.0m€1.2m▼
Amounts payable within one year42/48€2.8m€918,040▼
Current portion of amounts payable after more than one year42€19,109€0▼
Trade debts44€12,309€139,797▲
Suppliers440/4€12,309€139,797▲
Taxes, remuneration and social security45€1,207€3,243▲
Taxes450/3€1,207€3,243▲
Other amounts payable47/48€2.8m€775,000▼
Accrued charges and deferred income492/3€219,725€249,331▲
Income statement Code20232024
Operating income70/76A€1.2m€1.1m▼
Turnover70€1.1m€1.1m▲
Other operating income74€73,044€5,817▼
Operating charges60/66A€335,224€442,573▲
Services and other goods61€104,380€202,223▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€182,749€169,258▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€39,375
Other operating charges640/8€48,095€31,717▼
Operating profit (loss)9901€857,601€686,095▼
Financial income75/76B€48,099€38,266▼
Recurring financial income75€48,099€38,266▼
Income from current assets751€48,099€38,266▼
Other financial income752/9-€0
Financial charges65/66B€5,102€1,775▼
Recurring financial charges65€5,102€1,775▼
Debt charges650€1,757€310▼
Other financial charges652/9€3,345€1,465▼
Profit (loss) for the period before taxes9903€900,597€722,585▼
Transfer from deferred taxes780€25,303€20,763▼
Income taxes67/77€239,479€199,646▼
Taxes670/3€239,624€199,646▼
Tax adjustments and reversals of tax provisions77€145€0▼
Profit (loss) for the period9904€686,421€543,702▼
Transfer from tax-exempt reserves789€49,139€40,322▼
Transfer to tax-exempt reserves689-€362,060
Profit (loss) for the period to be appropriated9905€735,560€221,964▼
Appropriation of the result
Profit (loss) to be appropriated9906€790,517€964,492▲
Profit (loss) brought forward from the previous period14P€54,957€742,528▲
Profit to be distributed694/7€47,989€775,000▲
Return on contributions (dividend)694€47,989€775,000▲

The notes to these accounts (35 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A--€1.1m€1.2m€1.1m▼ 5.4%
Turnover70--€1.1m€1.1m€1.1m▲ 0.3%
Other operating income74--€17,730€73,044€5,817▼ 92.0%
Operating charges60/66A--€347,863€335,224€442,573▲ 32.0%
Services and other goods61--€93,032€104,380€202,223▲ 93.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€349,938€309,494€226,440€182,749€169,258▼ 7.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€39,375-
Provisions for liabilities and charges: additions (uses and reversals)635/8--€23,631----
Other operating charges640/8-€30,128€28,392€48,095€31,717▼ 34.1%
Gross operating margin9900€832,321€932,874----
Operating profit (loss)9901€450,370€616,883€784,020€857,601€686,095▼ 20.0%
Financial income75/76B-€4,045€0€48,099€38,266▼ 20.4%
Recurring financial income75€8,793€4,045€0€48,099€38,266▼ 20.4%
Income from current assets751---€48,099€38,266▼ 20.4%
Other financial income752/9--€0-€0-
Financial charges65/66B-€131,373€26,327€5,102€1,775▼ 65.2%
Recurring financial charges65€317,730€131,373€26,327€5,102€1,775▼ 65.2%
Debt charges650--€24,130€1,757€310▼ 82.3%
Other financial charges652/9--€2,197€3,345€1,465▼ 56.2%
Profit (loss) for the period before taxes9903€141,433€489,556€757,692€900,597€722,585▼ 19.8%
Transfer from deferred taxes780-€25,303€25,303€25,303€20,763▼ 17.9%
Income taxes67/77€73,300€142,751€209,840€239,479€199,646▼ 16.6%
Taxes670/3--€209,840€239,624€199,646▼ 16.7%
Tax adjustments and reversals of tax provisions77---€145€0▼ 100%
Profit (loss) for the period9904€110,478€372,107€573,155€686,421€543,702▼ 20.8%
Transfer from tax-exempt reserves789-€49,139€49,139€49,139€40,322▼ 17.9%
Transfer to tax-exempt reserves689----€362,060-
Profit (loss) for the period to be appropriated9905€237,510€421,246€622,294€735,560€221,964▼ 69.8%
Line20202021202220232024Change
Assets
Total assets20/58€8.1m€8.1m€8.5m€5.6m€3.5m▼ 37.2%
Fixed assets21/28€6.2m€2.6m€2.3m€2.2m€2.0m▼ 7.8%
Intangible fixed assets21€144,361€40,333----
Tangible fixed assets22/27€2.2m€2.5m€2.3m€2.2m€2.0m▼ 7.8%
Land and buildings22-€2.5m€2.3m€2.2m€2.0m▼ 7.8%
Plant, machinery and equipment23-€5,222€600€233€0▼ 100%
Financial fixed assets28€3.9m-----
Current assets29/58€1.9m€5.5m€6.2m€3.5m€1.5m▼ 55.5%
Stocks and contracts in progress3----€0-
Amounts receivable within one year40/41€1.8m€96,475€116,120€115,222€107,313▼ 6.9%
Trade receivables40-€30,576€40,633€28,001€32,016▲ 14.3%
Other amounts receivable41-€65,899€75,486€87,221€75,297▼ 13.7%
Current investments50/53---€3.1m€0▼ 100%
Other investments51/53---€3.1m€0▼ 100%
Cash at bank and in hand54/58€93,828€5.4m€6.1m€240,855€1.3m▲ 458%
Deferred charges and accrued income490/1-€3,464€2,146€5,409€86,365▲ 1,497%
Equity and liabilities
Total equity and liabilities10/49€8.1m€8.1m€8.5m€5.6m€3.5m▼ 37.2%
Equity10/15€6.9m€7.3m€4.4m€2.3m€2.1m▼ 10.1%
Contributions10/11€3.4m€3.4m€3.4m€700,000€700,000=
Capital10-€3.4m€3.4m€700,000€700,000=
Issued capital100-€3.4m€3.4m€700,000€700,000=
Reserves13€2.6m€2.6m€902,420€853,281€1.2m▲ 37.7%
Non-distributable reserves130/1-€340,708€340,708€340,708€340,708=
Legal reserve130-€340,708€340,708€340,708€340,708=
Tax-exempt reserves132-€605,411€556,272€507,133€828,870▲ 63.4%
Distributable reserves133-€1.6m€5,440€5,440€5,440=
Profit (loss) carried forward14€911,417€1.3m€54,957€742,528€189,492▼ 74.5%
Provisions and deferred taxes16€440,511€375,823€350,520€325,217€304,455▼ 6.4%
Provisions for liabilities and charges160/5-€182,942€182,942€182,942€182,942=
Environmental obligations163-€182,942€182,942€182,942€182,942=
Deferred taxes168-€192,880€167,578€142,275€121,512▼ 14.6%
Amounts payable17/49€745,924€411,208€3.8m€3.0m€1.2m▼ 61.2%
Amounts payable after more than one year17€80,708€50,649€19,109---
Financial debts170/4-€50,649€19,109---
Credit institutions173--€19,109---
Amounts payable within one year42/48€497,141€159,892€3.6m€2.8m€918,040▼ 67.1%
Current portion of amounts payable after more than one year42-€30,059€28,969€19,109€0▼ 100%
Trade debts44€10,393€13,782€20,346€12,309€139,797▲ 1,036%
Suppliers440/4-€13,782€20,346€12,309€139,797▲ 1,036%
Taxes, remuneration and social security45-€116,051€38,540€1,207€3,243▲ 169%
Taxes450/3-€116,051€38,540€1,207€3,243▲ 169%
Other amounts payable47/48--€3.5m€2.8m€775,000▼ 71.9%
Accrued charges and deferred income492/3-€200,667€217,627€219,725€249,331▲ 13.5%
Line20202021202220232024Change
Profit (loss) for the period9904€110,478€372,107€573,155€686,421€543,702▼ 20.8%
+ Depreciation and write-downs630€349,938€309,494€226,440€182,749€169,258▼ 7.4%
Operating cash flow (approximation)€460,416€681,601€799,594€869,170€712,960▼ 18.0%
Investment in fixed assets (approximation)-€3.3m-€17,317€0€0-
Change in cash-€5.3m€652,032-€5.8m€1.1m▲ 119%

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

Download as CSV

Timeline · acts, filings and financial milestones

2026
01-09
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 16-07-2026
  • Registered-office move, Kortrijksesteenweg 157, 9830 Sint-Martens-Latem, België
2025
22-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Highest result since 2018net €686,421 ▲19.8%
Operating result €857,601, net result €686,421, both a record.
18-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
08-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Liquidity times 9current ratio 34.52
Current ratio from 3.81 to 34.52; short-term debt falls from €497,141 to €159,892.
27-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial Weakest financial yearnet €110,478 ▼49.6%
Net result drops to €110,478, the lowest in the series; recovery starts the following year.
05-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
27-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
26-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 57 days late
2016
30-09
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 26 acts read
About the unread acts

Of the 26 Belgian State Gazette acts we know for this company, 1 has been read. The other 25 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
26 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 1981
seat establishment The establishment unit on the map
Ground area
1.8 ha
Building footprint
702 m²
Volume, LiDAR
11,488 m³
2 parcels, Flanders · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
37 companies at this address See who is registered here
1 establishment unit
Rijvisschestraat 122, 9052 Gent
Renting and operating of own or leased non-residential real estate, excluding land
since 19812.018.715.795
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44082A0011/00H000 Flanders 1.1 ha 1 · 701 m² 19.7 m · 6 fl.
44064B0716/00S000 Flanders 7,565 m² - -
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.

Articles of association

Power of attorney
Lauren Willen
1 more provision on this in the deed

Structure & network

Part of the group STRACO PE 16 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. STRACO 100%
  2. PATIGNY

Highest known parent: STRACO. The sources do not say who stands above it.

Owners 2

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.

Recognitions · licences · registrations

Legal Entity Identifier

549300NQJ6VVCZ4JXD08
no longer live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded24-12-1980
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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