PATNOR
ActivePATNOR has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83k and a net result of €11k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 1893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+25
Solvency69▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.45 in 2024; short-term debt: 55.8% and cash: 0.7% of total assets), but 55.8% 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
44.2%
Return on assets
5.9%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
27 d late
2023
54 d late
2022
66 d late
2021
73 d late
2020
106 d late
2019
122 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€83k▲ 15.5%
2024 · €72k
2018: €26k
2019: €25k
2020: €21k
2021: €26k
2022: €44k
2023: €73k
2024: €72k
2018 → 2025
Total assets
€188k▼ 15.4%
2024 · €223k
2018: €231k
2019: €194k
2020: €187k
2021: €171k
2022: €198k
2023: €174k
2024: €223k
2018 → 2025
Net result
€11k
2024 · €-1k
2018: €-1k
2019: €-2k
2020: €-4k
2021: €4k
2022: €19k
2023: €29k
2024: €-1k
2018 → 2025
Working capital
€76k▲ 11.0%
2024 · €69k
2018: €19k
2019: €19k
2020: €27k
2021: €25k
2022: €33k
2023: €67k
2024: €69k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€44k▲ 73.9%€73k▲ 65.1%€72k▼ 1.6%€83k▲ 15.5%
Operating result€8k-€33k▲ 293%€36k▲ 8.3%€8k▼ 78.9%€18k▲ 138%
Net result€4k-€19k▲ 326%€29k▲ 53.3%€-1k€11k
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 138% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188k
Fixed assets
€7k▲ 98.6%
Current assets
€181k▼ 17.3%
Equity and liabilities €188k
Equity
€83k▲ 15.5%
Debt
€105k▼ 30.2%
The debt ratio falls from 67.6% to 55.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▲
2024 · €15k
Cash flow
€16k▲
2024 · €6k
Solvency
44.2%▲
2024 · 32.4%
Current ratio
1.72▲
2024 · 1.45
Quick ratio
1.72▲
2024 · 1.45
Debt / equity
1.26▼
2024 · 2.09
ROE
13.4%▲
2024 · -1.6%
ROA
5.9%▲
2024 · -0.5%
Interest coverage
7.05▲
2024 · 3.97
Debt
€105k▼
2024 · €151k
Debt ≤ 1 year
€105k▼
2024 · €151k
Income taxes
€7k▼
2024 · €8k
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€223k€188k▼
Fixed assets21/28€4k€7k▲
Tangible fixed assets22/27€3k€7k▲
Plant, machinery and equipment23€3k€6k▲
Furniture and vehicles24-€1k
Financial fixed assets28€246€246=
Current assets29/58€219k€181k▼
Amounts receivable after more than one year29€87k€91k▲
Other amounts receivable291€87k€91k▲
Amounts receivable within one year40/41€126k€87k▼
Trade receivables40€115k€83k▼
Other amounts receivable41€11k€3k▼
Cash at bank and in hand54/58€2k€1k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€223k€188k▼
Equity10/15€72k€83k▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€58k€69k▲
Amounts payable17/49€151k€105k▼
Amounts payable within one year42/48€151k€105k▼
Financial debts43€6k€13k▲
Credit institutions430/8€6k€13k▲
Trade debts44€93k€82k▼
Suppliers440/4€93k€82k▼
Taxes, remuneration and social security45€51k€10k▼
Taxes450/3€34k€10k▼
Remuneration and social security454/9€17k€171▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€67
Gross operating margin9900€17k€25k▲
Operating profit (loss)9901€8k€18k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€7k€18k▲
Income taxes67/77€8k€7k▼
Profit (loss) for the period9904€-1k€11k▲
Profit (loss) for the period to be appropriated9905€-1k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€58k€69k▲
Profit (loss) brought forward from the previous period14P€59k€58k▼
The notes to these accounts (6 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Highest result since 2018net €29k ▲53.3%
Operating result €36k, net result €29k, both a record.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
14-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 106 days late
2020
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 78 days late
2017
23-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 115 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Etterbeek · 1 establishment unit since 2014
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.
Louis Schmidtlaan 1191040 EtterbeekGround area
1,253 m²
Building footprint
333 m²
Volume, LiDAR
7,526 m³
Parcel 21362B0292/00X006, Brussels · tallest building 29.8 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Louis Schmidtlaan 119, 1040 Etterbeek
since 20142.227.451.382
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0292/00X006 | Brussels | 1,253 m² | 1 · 333 m² | 29.8 m · 9 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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesPATNOR SRL42714
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Of 363 companies in sector 25210 we hold annual accounts for 281. 148 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-01-2014
Fiscal year end31-12
Activities, NACEBEL
25210Manufacture of fabricated metal products, except machinery and equipment
25300Manufacture of fabricated metal products, except machinery and equipment
33110Repair and maintenance of fabricated metal products
42130Civil engineering
42219Civil engineering
43120Site preparation
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.