PATINÉ
ActiveSummary
PATINÉ has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151,132 and a net result of €33,943. Equity is growing by ~45.2% per year across the filed fiscal years. Its solvency ranks better than 66% of 2026 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-12
Solvency92▼-3
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 3.17 against 3.0 in 2024; short-term debt: 25.7% and cash: 56.5% of total assets), and 33% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
67%
Return on assets
15%
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 28-08-2026, 28 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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
14 d late
2023
19 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% 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. Usually files around 14 August (3 of the last 3 filed years within 32 days of that day).
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, micro schema
Equity
€151,132▲ 29.0%
2024 · €117,189
Total assets
€225,651▲ 34.2%
2024 · €168,133
Net result
€33,943▼ 52.8%
2024 · €71,924
Working capital
€125,848▲ 31.8%
2024 · €95,458
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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
Line202320242025
Operating result€39,720-€90,842▲ 129%€44,977▼ 50.5%
Net result€31,065above the sector's middle half-€71,924above the sector's middle half▲ 132%€33,943above the sector's middle half▼ 52.8%
Equity€45,265within the sector's middle half-€117,189within the sector's middle half▲ 159%€151,132above the sector's middle half▲ 29.0%
Total assets€88,976within the sector's middle half-€168,133within the sector's middle half▲ 89.0%€225,651within the sector's middle half▲ 34.2%
Debt€43,711-€50,944▲ 16.5%€74,519▲ 46.3%
Working capital€19,703within the sector's middle half-€95,458above the sector's middle half▲ 384%€125,848above the sector's middle half▲ 31.8%
Solvency50.9%within the sector's middle half-69.7%within the sector's middle half▲ 18.8pp67.0%within the sector's middle half▼ 2.7pp
Current ratio1.45within the sector's middle half-3.00within the sector's middle half▲ 1.553.17within the sector's middle half▲ 0.17
Return on assets (ROA)34.9%above the sector's middle half-42.8%above the sector's middle half▲ 7.9pp15.0%within the sector's middle half▼ 27.7pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €225,651
Fixed assets
€41,827 ▲ 67.1%
Current assets
€183,823 ▲ 28.5%
Equity and liabilities €225,651
Equity
€151,132 ▲ 29.0%
Debt
€74,519 ▲ 46.3%
Debt's share of the balance-sheet total rises from 30.3% to 33.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55,114▼
2024 · €98,431
Cash flow
€44,080▼
2024 · €79,513
Debt to equity
0.49▲
2024 · 0.43
ROE
22.5%▼
2024 · 61.4%
Interest coverage
25.21▼
2024 · 233.26
Debt ≤ 1 year
€57,976▲
2024 · €47,644
Debt > 1 year
€15,064
Income taxes
€8,868▼
2024 · €18,498
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 39,276 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
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,867 | €7,589 | €10,137 | ▲ 33.6% |
| Other operating charges640/8 | €948 | €1,794 | €1,505 | ▼ 16.1% |
| Gross operating margin9900 | €47,536 | €100,225 | €56,619 | ▼ 43.5% |
| Operating profit (loss)9901 | €39,720 | €90,842 | €44,977 | ▼ 50.5% |
| Financial income75/76B | €34 | €2 | €20 | ▲ 785% |
| Recurring financial income75 | €34 | €2 | €20 | ▲ 785% |
| Financial charges65/66B | €561 | €422 | €2,186 | ▲ 418% |
| Recurring financial charges65 | €561 | €422 | €2,186 | ▲ 418% |
| Profit (loss) for the period before taxes9903 | €39,194 | €90,423 | €42,811 | ▼ 52.7% |
| Income taxes67/77 | €8,129 | €18,498 | €8,868 | ▼ 52.1% |
| Profit (loss) for the period9904 | €31,065 | €71,924 | €33,943 | ▼ 52.8% |
| Profit (loss) for the period to be appropriated9905 | €31,065 | €71,924 | €33,943 | ▼ 52.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €88,976 | €168,133 | €225,651 | ▲ 34.2% |
| Fixed assets21/28 | €25,562 | €25,031 | €41,827 | ▲ 67.1% |
| Intangible fixed assets21 | €24,411 | €18,411 | €12,411 | ▼ 32.6% |
| Tangible fixed assets22/27 | €1,151 | €6,620 | €29,416 | ▲ 344% |
| Furniture and vehicles24 | €1,151 | €6,620 | €1,466 | ▼ 77.9% |
| Leasing and similar rights25 | - | - | €27,951 | - |
| Current assets29/58 | €63,414 | €143,103 | €183,823 | ▲ 28.5% |
| Amounts receivable within one year40/41 | €28,916 | €99,081 | €53,899 | ▼ 45.6% |
| Trade receivables40 | €28,734 | €90,067 | €42,600 | ▼ 52.7% |
| Other amounts receivable41 | €181 | €9,014 | €11,299 | ▲ 25.3% |
| Cash at bank and in hand54/58 | €26,557 | €42,871 | €127,517 | ▲ 197% |
| Deferred charges and accrued income490/1 | €7,942 | €1,151 | €2,407 | ▲ 109% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €88,976 | €168,133 | €225,651 | ▲ 34.2% |
| Equity10/15 | €45,265 | €117,189 | €151,132 | ▲ 29.0% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | €30,265 | €102,189 | €136,132 | ▲ 33.2% |
| Distributable reserves133 | €30,265 | €102,189 | €136,132 | ▲ 33.2% |
| Profit (loss) carried forward14 | €0 | €0 | - | - |
| Amounts payable17/49 | €43,711 | €50,944 | €74,519 | ▲ 46.3% |
| Amounts payable after more than one year17 | - | - | €15,064 | - |
| Financial debts170/4 | - | - | €15,064 | - |
| Amounts payable within one year42/48 | €43,711 | €47,644 | €57,976 | ▲ 21.7% |
| Current portion of amounts payable after more than one year42 | - | - | €4,104 | - |
| Trade debts44 | €10,617 | €17,386 | €9,942 | ▼ 42.8% |
| Suppliers440/4 | €10,617 | €17,386 | €9,942 | ▼ 42.8% |
| Taxes, remuneration and social security45 | €9,154 | €12,064 | €20,338 | ▲ 68.6% |
| Taxes450/3 | €9,154 | €12,064 | €20,338 | ▲ 68.6% |
| Other amounts payable47/48 | €23,941 | €18,194 | €23,591 | ▲ 29.7% |
| Accrued charges and deferred income492/3 | - | €3,300 | €1,479 | ▼ 55.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,065 | €71,924 | €33,943 | ▼ 52.8% |
| + Depreciation and write-downs630 | €6,867 | €7,589 | €10,137 | ▲ 33.6% |
| Operating cash flow (approximation) | €37,932 | €79,513 | €44,080 | ▼ 44.6% |
| Investment in fixed assets (approximation) | - | -€7,058 | -€26,934 | ▼ 282% |
| Change in cash | - | €16,314 | €84,646 | ▲ 419% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Equity above €150,000Eq €151,132 ▲29%
3 profitable years in a row build equity to €151,132.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Highest result since 2023net €71,924 ▲132%
Operating result €90,842, net result €71,924, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.00
Current ratio from 1.45 to 3.00.
31-12
Financial
Equity above €100,000Eq €117,189 ▲159%
2 profitable years in a row build equity to €117,189.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Brugge · 1 establishment unit since 2023
Ground area
201 m²
Building footprint
61 m²
Volume, LiDAR
508 m³
Parcel 31029C0622/00W006, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Patiné
since 20232.341.172.303
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31029C0622/00W006 | Flanders | 201 m² | 1 · 61 m² | 10.8 m · 3 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.
Similar companies · same sector, comparable size
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PINGPONG
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STAGE SOLUTIONS
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VERHELLE KURT
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Of 671 companies in sector 90392 we hold annual accounts for 207. 163 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
Founded26-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
90392Design and construction of stages and sets
59112Motion picture, video and television programme production, sound recording and music publishing activities
59113Video and film production, excluding cinema and television films
59114Motion picture, video and television programme production, sound recording and music publishing activities
74130Interior design
74140Other specialised design activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0797670887
Also
9925:BE0797670887
Registered
01-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.