PATINCO
ActivePATINCO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.39M and a net result of €1.94M. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 8592 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
98
/ 100
Excellent▲ +15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+6
Solvency100=
Growth85=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 9.8 against 31.77 in 2024), and 10.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 70
lower
← 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
89.8%
Return on assets
27.2%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
8 d early
2023
9 d early
2022
14 d early
2021
16 d early
2020
37 d early
2019
38 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€4.31M▲ 42.7%
2019 · €3.02M
2018: €530k
2019: €3.02M
2018 → 2020
EBIT margin
95.0%▲ 6.4pp
2019 · 88.6%
2018: 44.3%
2019: 88.6%
2018 → 2020
Net result
€1.94M▲ 18.6%
2024 · €1.63M
2018: €171k
2019: €1.89M
2020: €2.97M
2021: €432k
2022: €1.19M
2023: €254k
2024: €1.63M
2018 → 2025
Working capital
€6.38M▼ 26.2%
2024 · €8.64M
2018: €74k
2019: €1.94M
2020: €4.90M
2021: €5.58M
2022: €6.77M
2023: €7.01M
2024: €8.64M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5.58M-€6.77M▲ 21.2%€7.02M▲ 3.7%€8.66M▲ 23.2%€6.39M▼ 26.1%
Operating result€619k-€1.63M▲ 164%€162k▼ 90.1%€2.16M▲ 1,237%€2.65M▲ 22.6%
Net result€432k-€1.19M▲ 174%€254k▼ 78.6%€1.63M▲ 544%€1.94M▲ 18.6%
Turnover and EBIT margin not published: the abbreviated 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 23% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.12M
Fixed assets
€11k▼ 2.1%
Current assets
€7.11M▼ 20.4%
Equity and liabilities €7.12M
Equity
€6.39M▼ 26.1%
Debt
€726k▲ 158%
The debt ratio rises from 3.1% to 10.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€2.65M▲
2024 · €2.16M
Cash flow
€1.94M▲
2024 · €1.63M
Solvency
89.8%▼
2024 · 96.9%
Current ratio
9.80▼
2024 · 31.77
Quick ratio
9.80▼
2024 · 31.77
Debt / equity
0.11▲
2024 · 0.03
ROE
30.3%▲
2024 · 18.9%
ROA
27.2%▲
2024 · 18.3%
Interest coverage
166.26▲
2024 · -328.25
Debt
€726k▲
2024 · €281k
Debt ≤ 1 year
€726k▲
2024 · €281k
Income taxes
€932k▲
2024 · €808k
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€8.94M€7.12M▼
Fixed assets21/28€12k€11k▼
Tangible fixed assets22/27€12k€11k▼
Furniture and vehicles24€809€565▼
Other tangible fixed assets26€11k€11k=
Current assets29/58€8.93M€7.11M▼
Amounts receivable after more than one year29€5.28M€7.00M▲
Other amounts receivable291€5.28M€7.00M▲
Amounts receivable within one year40/41€3.63M€83k▼
Trade receivables40€19k-
Other amounts receivable41€3.61M€83k▼
Current investments50/53€5k€5k=
Cash at bank and in hand54/58€6k€18k▲
Equity and liabilities
Total equity and liabilities10/49€8.94M€7.12M▼
Equity10/15€8.66M€6.39M▼
Contributions10/11€45k€45k=
Reserves13€4.39M€6.32M▲
Non-distributable reserves130/1€4.38M€6.31M▲
Other1319€4.38M€6.31M▲
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€4.22M€31k▼
Amounts payable17/49€281k€726k▲
Amounts payable within one year42/48€281k€726k▲
Current portion of amounts payable after more than one year42-€293k
Trade debts44€345-
Suppliers440/4€345-
Taxes, remuneration and social security45€281k€432k▲
Taxes450/3€281k€432k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€416€244▼
Other operating charges640/8€10k€1k▼
Gross operating margin9900€2.17M€2.65M▲
Operating profit (loss)9901€2.16M€2.65M▲
Financial income75/76B€275k€238k▼
Recurring financial income75€275k€238k▼
Financial charges65/66B€-7k€16k▲
Recurring financial charges65€-7k€16k▲
Profit (loss) for the period before taxes9903€2.44M€2.87M▲
Income taxes67/77€808k€932k▲
Profit (loss) for the period9904€1.63M€1.94M▲
Profit (loss) for the period to be appropriated9905€1.63M€1.94M▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.85M€6.16M▲
Profit (loss) brought forward from the previous period14P€4.22M€4.22M▲
Transfer to equity691/2€1.63M€1.93M▲
To other reserves6921€1.63M€1.93M▲
Profit to be distributed694/7-€4.20M
Directors or managers695-€4.20M
The notes to these accounts (4 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 56.44
Current ratio from 24.86 to 56.44; short-term debt falls from €284k to €126k.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 6current ratio 82.70
Current ratio from 12.75 to 82.70; short-term debt falls from €417k to €68k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €2.97M ▲57.7%
Operating result €4.09M, net result €2.97M, both a record.
31-12
Financial
Equity above €5MEq €5.15M ▲137%
3 profitable years in a row build equity to €5.15M.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 7.33
Current ratio from 2.97 to 7.33.
31-12
Financial
Equity above €2MEq €2.18M ▲649%
2 profitable years in a row build equity to €2.18M.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wingene · 1 establishment unit since 2002
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.
Heremeersstraat 2A8750 WingeneGround area
7,472 m²
Building footprint
507 m²
Volume, LiDAR
2,736 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hubert d'Ydewallestraat 17, 8730 Beernem
since 20022.112.270.020
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018A0689/00P000 | Flanders | 6,884 m² | 1 · 323 m² | 8.2 m · 2 fl. |
| 31003G0054/00A006 | Flanders | 588 m² | 1 · 185 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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DeLaere.eu
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VIAMAR
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BEVIZION
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TIME ZONE
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 9,431 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-11-1990
Fiscal year end31-12
Activities, NACEBEL
51421
70200Business and other management consultancy
70220Business consulting
46423Wholesale of clothing, excluding workwear and underwear
46425Wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
52421
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.