PATRAS
ActiveSummary
PATRAS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.28M and a net result of €45k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 84% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-1
Solvency100=
Growth47=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 15.83 against 14.09 in 2024; short-term debt: 2.6% and cash: 2.5% of total assets), and 12.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
87.6%
Return on assets
1.7%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
22 d early
2023
42 d early
2022
31 d early
2021
6 d early
2020
5 d early
2019
20 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€47k▲ 7.3%
2022 · €44k
2018: €44k
2020: €44k
2021: €44k▼ -0.5% vs 2020lowest value
2022: €44k● 0.0% vs 2021lowest value
2023: €47k▲ +7.3% vs 2022highest value
2018 → 2023
EBIT margin
284.9%▲ 12.7pp
2022 · 272.2%
2018: 158.4%lowest value
2020: 209.6%
2021: 224.9%▲ +7.3% vs 2020
2022: 272.2%▲ +21.0% vs 2021
2023: 284.9%▲ +4.7% vs 2022highest value
2018 → 2023
Net result
€45k▼ 30.3%
2024 · €65k
2018: €67k
2020: €40klowest value
2021: €45k▲ +13.0% vs 2020
2022: €289k▲ +539% vs 2021highest value
2023: €72k▼ -75.0% vs 2022
2024: €65k▼ -10.4% vs 2023
2025: €45k▼ -30.3% vs 2024
2018 → 2025
Working capital
€989k▲ 6.0%
2024 · €934k
2018: €75klowest value
2020: €227k
2021: €303k▲ +33.4% vs 2020
2022: €1.11M▲ +267% vs 2021highest value
2023: €825k▼ -25.8% vs 2022
2024: €934k▲ +13.2% vs 2023
2025: €989k▲ +6.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€44k-€44k=€47k▲ 7.3%
2021: €44klowest in 3 years
2022: €44k● 0.0% vs 2021lowest in 3 years
2023: €47k▲ +7.3% vs 2022highest in 3 years
Equity€1.81M-€2.10M▲ 16.0%€2.17M▲ 3.4%€2.24M▲ 3.0%€2.28M▲ 2.0%
2021: €1.81Mlowest in 5 years
2022: €2.10M▲ +16.0% vs 2021
2023: €2.17M▲ +3.4% vs 2022
2024: €2.24M▲ +3.0% vs 2023
2025: €2.28M▲ +2.0% vs 2024highest in 5 years
Operating result€99k-€119k▲ 21.0%€134k▲ 12.3%€97k▼ 27.9%€69k▼ 28.6%
2021: €99k
2022: €119k▲ +21.0% vs 2021
2023: €134k▲ +12.3% vs 2022highest in 5 years
2024: €97k▼ -27.9% vs 2023
2025: €69k▼ -28.6% vs 2024lowest in 5 years
Net result€45k-€289k▲ 539%€72k▼ 75.0%€65k▼ 10.4%€45k▼ 30.3%
2021: €45klowest in 5 years
2022: €289k▲ +539% vs 2021highest in 5 years
2023: €72k▼ -75.0% vs 2022
2024: €65k▼ -10.4% vs 2023
2025: €45k▼ -30.3% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 29% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.60M
Fixed assets
€1.55M ▼ 8.0%
Current assets
€1.06M ▲ 5.1%
Equity and liabilities €2.60M
Equity
€2.28M ▲ 2.0%
Provisions
€140k ▼ 13.5%
Debt
€182k ▼ 37.1%
Debt's share of the balance-sheet total falls from 10.7% to 7.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€204k▼
2024 · €230k
Cash flow
€180k▼
2024 · €198k
Current ratio
15.83▲
2024 · 14.09
Debt to equity
0.08▼
2024 · 0.13
ROE
2.0%▼
2024 · 2.9%
ROA
1.7%▼
2024 · 2.4%
Interest coverage
11.54▲
2024 · 10.67
Debt ≤ 1 year
€67k▼
2024 · €71k
Debt > 1 year
€102k▼
2024 · €203k
Income taxes
€37k▼
2024 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.69M€2.60M▼
Fixed assets21/28€1.68M€1.55M▼
Tangible fixed assets22/27€1.63M€1.50M▼
Land and buildings22€1.63M€1.50M▼
Financial fixed assets28€54k€54k=
Current assets29/58€1.00M€1.06M▲
Amounts receivable within one year40/41€810k€839k▲
Trade receivables40€38k€0▼
Other amounts receivable41€772k€839k▲
Current investments50/53€150k€150k=
Cash at bank and in hand54/58€44k€66k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.69M€2.60M▼
Equity10/15€2.24M€2.28M▲
Contributions10/11€212k€212k=
Reserves13€2.03M€2.07M▲
Tax-exempt reserves132€496k€431k▼
Distributable reserves133€1.53M€1.64M▲
Provisions and deferred taxes16€162k€140k▼
Deferred taxes168€162k€140k▼
Amounts payable17/49€289k€182k▼
Amounts payable after more than one year17€203k€102k▼
Financial debts170/4€203k€102k▼
Amounts payable within one year42/48€71k€67k▼
Current portion of amounts payable after more than one year42€67k€67k=
Trade debts44€3k€50▼
Suppliers440/4€3k€50▼
Taxes, remuneration and social security45€1k€0▼
Taxes450/3€0-
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€15k€13k▼
Income statement
Code20242025
Non-recurring operating income76A€8k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€134k€135k▲
Other operating charges640/8€29k€30k▲
Gross operating margin9900€259k€233k▼
Operating profit (loss)9901€97k€69k▼
Financial income75/76B€11k€9k▼
Recurring financial income75€11k€9k▼
Financial charges65/66B€22k€18k▼
Recurring financial charges65€22k€18k▼
Profit (loss) for the period before taxes9903€86k€61k▼
Transfer from deferred taxes780€22k€22k=
Income taxes67/77€43k€37k▼
Profit (loss) for the period9904€65k€45k▼
Transfer from tax-exempt reserves789€65k€65k=
Profit (loss) for the period to be appropriated9905€130k€111k▼
Appropriation of the result
Profit (loss) to be appropriated9906€130k€111k▼
Transfer to equity691/2€130k€111k▼
To other reserves6921€130k€111k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €309k | €331k | €341k | - | - | - |
| Turnover70 | €44k | €44k | €47k | - | - | - |
| Other operating income74 | €265k | €275k | €294k | - | - | - |
| Non-recurring operating income76A | - | €12k | €0 | €8k | €0 | ▼ 100% |
| Operating charges60/66A | €210k | €212k | €207k | - | - | - |
| Services and other goods61 | €27k | €28k | €30k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €159k | €159k | €150k | €134k | €135k | ▲ 0.8% |
| Other operating charges640/8 | €25k | €25k | €28k | €29k | €30k | ▲ 2.7% |
| Gross operating margin9900 | - | - | - | €259k | €233k | ▼ 9.9% |
| Operating profit (loss)9901 | €99k | €119k | €134k | €97k | €69k | ▼ 28.6% |
| Financial income75/76B | €7k | €237k | €10k | €11k | €9k | ▼ 19.3% |
| Recurring financial income75 | €7k | €7k | €10k | €11k | €9k | ▼ 19.3% |
| Income from current assets751 | €7k | €7k | €7k | - | - | - |
| Other financial income752/9 | - | €0 | €3k | - | - | - |
| Non-recurring financial income76B | - | €230k | €0 | - | - | - |
| Financial charges65/66B | €38k | €38k | €42k | €22k | €18k | ▼ 18.2% |
| Recurring financial charges65 | €38k | €38k | €42k | €22k | €18k | ▼ 18.2% |
| Debt charges650 | €32k | €30k | €35k | - | - | - |
| Other financial charges652/9 | €5k | €8k | €7k | - | - | - |
| Profit (loss) for the period before taxes9903 | €68k | €318k | €102k | €86k | €61k | ▼ 30.0% |
| Transfer from deferred taxes780 | €22k | €23k | €22k | €22k | €22k | = |
| Income taxes67/77 | €45k | €51k | €52k | €43k | €37k | ▼ 14.4% |
| Taxes670/3 | €46k | €51k | €52k | - | - | - |
| Tax adjustments and reversals of tax provisions77 | €395 | €0 | €17 | - | - | - |
| Profit (loss) for the period9904 | €45k | €289k | €72k | €65k | €45k | ▼ 30.3% |
| Transfer from tax-exempt reserves789 | €67k | €68k | €66k | €65k | €65k | = |
| Profit (loss) for the period to be appropriated9905 | €112k | €357k | €138k | €130k | €111k | ▼ 15.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.04M | €3.24M | €2.80M | €2.69M | €2.60M | ▼ 3.1% |
| Fixed assets21/28 | €2.60M | €1.95M | €1.80M | €1.68M | €1.55M | ▼ 8.0% |
| Intangible fixed assets21 | €38k | €16k | €0 | - | - | - |
| Tangible fixed assets22/27 | €2.02M | €1.88M | €1.75M | €1.63M | €1.50M | ▼ 8.3% |
| Land and buildings22 | €2.02M | €1.88M | €1.75M | €1.63M | €1.50M | ▼ 8.3% |
| Financial fixed assets28 | €540k | €54k | €54k | €54k | €54k | = |
| Affiliated companies280/1 | €539k | €53k | €53k | - | - | - |
| Participating interests280 | €487k | €0 | - | - | - | - |
| Amounts receivable281 | €53k | €53k | €53k | - | - | - |
| Other financial fixed assets284/8 | €1k | €1k | €1k | - | - | - |
| Amounts receivable and cash guarantees285/8 | €1k | €1k | €1k | - | - | - |
| Current assets29/58 | €440k | €1.28M | €993k | €1.00M | €1.06M | ▲ 5.1% |
| Amounts receivable after more than one year29 | €100k | €0 | - | - | - | - |
| Other amounts receivable291 | €100k | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €41k | €870k | €503k | €810k | €839k | ▲ 3.6% |
| Trade receivables40 | €11k | €29k | €41k | €38k | €0 | ▼ 100% |
| Other amounts receivable41 | €30k | €841k | €462k | €772k | €839k | ▲ 8.7% |
| Current investments50/53 | - | - | €200k | €150k | €150k | = |
| Other investments51/53 | - | - | €200k | - | - | - |
| Cash at bank and in hand54/58 | €286k | €407k | €286k | €44k | €66k | ▲ 51.3% |
| Deferred charges and accrued income490/1 | €13k | €6k | €4k | €1k | €1k | ▼ 30.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.04M | €3.24M | €2.80M | €2.69M | €2.60M | ▼ 3.1% |
| Equity10/15 | €1.81M | €2.10M | €2.17M | €2.24M | €2.28M | ▲ 2.0% |
| Contributions10/11 | €212k | €212k | €212k | €212k | €212k | = |
| Reserves13 | €1.60M | €1.89M | €1.96M | €2.03M | €2.07M | ▲ 2.2% |
| Non-distributable reserves130/1 | €21k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €21k | €0 | - | - | - | - |
| Tax-exempt reserves132 | €695k | €627k | €561k | €496k | €431k | ▼ 13.2% |
| Distributable reserves133 | €883k | €1.26M | €1.40M | €1.53M | €1.64M | ▲ 7.2% |
| Provisions and deferred taxes16 | €228k | €206k | €184k | €162k | €140k | ▼ 13.5% |
| Deferred taxes168 | €228k | €206k | €184k | €162k | €140k | ▼ 13.5% |
| Amounts payable17/49 | €1.00M | €930k | €439k | €289k | €182k | ▼ 37.1% |
| Amounts payable after more than one year17 | €864k | €758k | €269k | €203k | €102k | ▼ 49.6% |
| Financial debts170/4 | €864k | €758k | €269k | €203k | €102k | ▼ 49.6% |
| Credit institutions173 | €364k | €258k | €155k | - | - | - |
| Other loans174 | €500k | €500k | €114k | - | - | - |
| Amounts payable within one year42/48 | €137k | €172k | €168k | €71k | €67k | ▼ 6.4% |
| Current portion of amounts payable after more than one year42 | €106k | €106k | €104k | €67k | €67k | = |
| Trade debts44 | €8k | €37k | €13k | €3k | €50 | ▼ 98.5% |
| Suppliers440/4 | €8k | €37k | €13k | €3k | €50 | ▼ 98.5% |
| Taxes, remuneration and social security45 | €2k | €8k | €12k | €1k | €0 | ▼ 100% |
| Taxes450/3 | €1k | €7k | €11k | €0 | - | - |
| Remuneration and social security454/9 | €1k | €1k | €1k | €1k | €0 | ▼ 100% |
| Other amounts payable47/48 | €20k | €20k | €38k | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | €980 | €15k | €13k | ▼ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €289k | €72k | €65k | €45k | ▼ 30.3% |
| + Depreciation and write-downs630 | €159k | €159k | €150k | €134k | €135k | ▲ 0.8% |
| Operating cash flow (approximation) | €204k | €448k | €223k | €198k | €180k | ▼ 9.4% |
| Investment in fixed assets (approximation) | - | €489k | €0 | €-15k | €0 | ▲ 100% |
| Change in cash | - | €121k | €-121k | €-242k | €22k | ▲ 109% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 14.09
Current ratio from 5.90 to 14.09; short-term debt falls from €168k to €71k.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €289k ▲539%
Net result €289k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 7.46
Current ratio from 3.22 to 7.46.
31-12
Financial
Equity above €2MEq €2.10M ▲16%
4 profitable years in a row build equity to €2.10M.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €40k ▼39.8%
Net result drops to €40k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
Show earlier events
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has 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
6 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, Harelbeke · 1 establishment unit since 2011
Ground area
1.4 ha
Building footprint
3,838 m²
Volume, LiDAR
29,200 m³
2 parcels, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PATRAS
since 20112.204.086.062
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0663/00T000 | Flanders | 9,176 m² | 1 · 3,626 m² | 10.3 m · 3 fl. |
| 34004A0013/00H000 | Flanders | 4,984 m² | 1 · 212 m² | 6.6 m · 1 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
549300Z8SOEOCI3WS882
Similar companies · same sector, comparable size
KATRIEN VERLINDEN
BE 0821.173.294
Schoten · Eq €2,277,696
EUROPEAN BUSINESS OPERATIONS & SERVICES HOLDING
BE 0818.168.571
Mouscron · Eq €2,293,949
HILMA INVEST
BE 0764.336.937
Moorslede · Eq €2,298,824
DON
BE 0832.512.396
Tielt-Winge · Eq €2,299,191
BODERCO
BE 0441.692.666
Kortrijk · Eq €2,301,787
Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 1,528 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
Founded27-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Contact
Phone
056/225252Kortrijk
Scores and ratios are computed by Checked and are not a credit decision.