Summary
PATRIA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.2m and a net result of €117,528. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 36% of 8074 sector peers (fiscal year 2025). The company has been active since 1929 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.2m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
25 d late
2023
28 d late
2022
17 d late
2021
30 d late
2020
60 d late
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#3 oldest company in Elsene, Finance and insurance sector
Equity
€1.2m▲ 10.5%
2024 · €1.1m
Net result
€117,528▲ 117%
2024 · €54,182
Total assets
€3.6m▲ 108%
2024 · €1.7m
Solvency
34.2%▼ 30.1pp
2024 · 64.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€14,032€11,509▼ 18.0%€35,867▲ 212%€55,968▲ 56.0%€106,176▲ 89.7%
Net result€8,271within the sector's middle half€7,046within the sector's middle half▼ 14.8%€33,151within the sector's middle half▲ 370%€54,182within the sector's middle half▲ 63.4%€117,528above the sector's middle half▲ 117%
Equity€1.0mabove the sector's middle half▲ 8.6%€1.0mabove the sector's middle half▲ 0.7%€1.1mabove the sector's middle half▲ 3.2%€1.1mabove the sector's middle half▲ 5.1%€1.2mabove the sector's middle half▲ 10.5%
Total assets€1.3mabove the sector's middle half▲ 5.7%€1.3mabove the sector's middle half▲ 0.9%€1.7mabove the sector's middle half▲ 25.3%€1.7mabove the sector's middle half▲ 3.4%€3.6mabove the sector's middle half▲ 108%
Debt€307,756▼ 2.9%€312,974▲ 1.7%€620,126▲ 98.1%€622,955▲ 0.5%€2.4m▲ 283%
Working capital€680,618▼ 7.2%€632,040▼ 7.1%€617,075▼ 2.4%€875,765▲ 41.9%-€637,265
Solvency76.9%above the sector's middle half▲ 2.0pp76.8%within the sector's middle half▼ 0.2pp63.2%within the sector's middle half▼ 13.5pp64.3%within the sector's middle half▲ 1.0pp34.2%within the sector's middle half▼ 30.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 90% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.6m
Fixed assets
€2.8m ▲ 634%
Current assets
€863,422 ▼ 36.9%
Equity and liabilities €3.6m
Equity
€1.2m ▲ 10.5%
Debt
€2.4m ▲ 283%
Debt's share of the balance-sheet total rises from 35.7% to 65.8%. Equity and debt are higher.
Key figures and ratios
ROE
9.5%▲
2024 · 4.8%
ROA
3.2%▲
2024 · 3.1%
Debt ≤ 1 year
€1.5m▲
2024 · €491,556
Debt > 1 year
€886,112▲
2024 · €130,839
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €292 | €386 | €386 | €386 | €386 | = |
| Other operating charges640/8 | €869 | €868 | €960 | €32,364 | €998 | ▼ 96.9% |
| Gross operating margin9900 | €15,193 | €12,763 | €37,213 | €88,718 | €107,560 | ▲ 21.2% |
| Operating profit (loss)9901 | €14,032 | €11,509 | €35,867 | €55,968 | €106,176 | ▲ 89.7% |
| Financial income75/76B | €958 | - | €90 | €0 | €12,196 | - |
| Recurring financial income75 | €958 | - | €90 | €0 | €12,196 | - |
| Financial charges65/66B | €6,719 | €4,463 | €2,806 | €1,786 | €844 | ▼ 52.7% |
| Recurring financial charges65 | €6,719 | €4,463 | €2,806 | €1,786 | €844 | ▼ 52.7% |
| Profit (loss) for the period before taxes9903 | €8,271 | €7,046 | €33,151 | €54,182 | €117,528 | ▲ 117% |
| Profit (loss) for the period9904 | €8,271 | €7,046 | €33,151 | €54,182 | €117,528 | ▲ 117% |
| Profit (loss) for the period to be appropriated9905 | €8,271 | €7,046 | €33,151 | €54,182 | €117,528 | ▲ 117% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.7m | €1.7m | €3.6m | ▲ 108% |
| Fixed assets21/28 | €450,742 | €450,356 | €449,970 | €376,461 | €2.8m | ▲ 634% |
| Tangible fixed assets22/27 | €3,566 | €3,180 | €2,794 | €2,408 | €2,022 | ▼ 16.0% |
| Furniture and vehicles24 | €3,566 | €3,180 | €2,794 | €2,408 | €2,022 | ▼ 16.0% |
| Financial fixed assets28 | €447,176 | €447,176 | €447,176 | €374,053 | €2.8m | ▲ 638% |
| Current assets29/58 | €883,462 | €896,112 | €1.2m | €1.4m | €863,422 | ▼ 36.9% |
| Amounts receivable after more than one year29 | €597,914 | €600,064 | €327,257 | €945,826 | €455,932 | ▼ 51.8% |
| Other amounts receivable291 | €597,914 | €600,064 | €327,257 | €945,826 | €455,932 | ▼ 51.8% |
| Amounts receivable within one year40/41 | €284,706 | €295,596 | €909,544 | €421,184 | €407,191 | ▼ 3.3% |
| Trade receivables40 | €44,706 | €55,596 | €65,863 | €79,612 | €86,382 | ▲ 8.5% |
| Other amounts receivable41 | €240,000 | €240,000 | €843,681 | €341,572 | €320,809 | ▼ 6.1% |
| Cash at bank and in hand54/58 | €842 | €452 | - | €311 | €299 | ▼ 3.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.7m | €1.7m | €3.6m | ▲ 108% |
| Equity10/15 | €1.0m | €1.0m | €1.1m | €1.1m | €1.2m | ▲ 10.5% |
| Contributions10/11 | €312,220 | €312,220 | €312,220 | €312,220 | €312,220 | = |
| Reserves13 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Non-distributable reserves130/1 | €43,066 | €43,066 | - | - | - | - |
| Reserves not available under the articles1311 | €43,066 | €43,066 | - | - | - | - |
| Distributable reserves133 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Profit (loss) carried forward14 | -€500,787 | -€493,741 | -€460,590 | -€406,408 | -€288,880 | ▲ 28.9% |
| Amounts payable17/49 | €307,756 | €312,974 | €620,126 | €622,955 | €2.4m | ▲ 283% |
| Amounts payable after more than one year17 | €104,212 | €48,138 | - | €130,839 | €886,112 | ▲ 577% |
| Financial debts170/4 | €104,212 | €48,138 | - | €130,839 | €886,112 | ▲ 577% |
| Amounts payable within one year42/48 | €202,844 | €264,072 | €619,726 | €491,556 | €1.5m | ▲ 205% |
| Current portion of amounts payable after more than one year42 | €57,338 | €56,074 | €52,972 | - | - | - |
| Financial debts43 | - | - | - | - | €1.0m | - |
| Other loans439 | - | - | - | - | €1.0m | - |
| Trade debts44 | - | €1,146 | €1,345 | €2,045 | €126 | ▼ 93.8% |
| Suppliers440/4 | - | €1,146 | €1,345 | €2,045 | €126 | ▼ 93.8% |
| Taxes, remuneration and social security45 | €345 | €441 | €6,407 | €4,402 | €10,252 | ▲ 133% |
| Taxes450/3 | €345 | €441 | €6,407 | €4,402 | €10,252 | ▲ 133% |
| Other amounts payable47/48 | €145,161 | €206,411 | €559,002 | €485,109 | €490,309 | ▲ 1.1% |
| Accrued charges and deferred income492/3 | €700 | €764 | €400 | €560 | €455 | ▼ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,271 | €7,046 | €33,151 | €54,182 | €117,528 | ▲ 117% |
| + Depreciation and write-downs630 | €292 | €386 | €386 | €386 | €386 | = |
| Operating cash flow (approximation) | €8,563 | €7,432 | €33,537 | €54,568 | €117,914 | ▲ 116% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €73,123 | -€2.4m | ▼ 3,363% |
| Change in cash | - | -€390 | - | - | -€12 | - |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Highest result since 2018net €117,528 ▲117%
Operating result €106,176, net result €117,528, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €8,271
Net result €8,271 after 2 loss-making years.
31-12
Financial
Equity above €1mEq €1.0m ▲8.6%
Equity rises from €945,054 to €1.0m.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Weakest financial yearnet -€615,728
Net result drops to -€615,728, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
20-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
01-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
30-08
State Gazette act
General meeting · Director reappointment
Permanent representative · Officer restatement
2012
25-06
State Gazette act
General meeting · Share issue
Capital increase · Capital
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Elsene · 1 establishment unit since 1929
Ground area
1,583 m²
Building footprint
1,536 m²
Volume, LiDAR
20,112 m³
2 parcels, Brussels · tallest building 32.1 m, ±5 floors. Linked by address, not a title deed.
45
companies at this address
See who is registered here
1 establishment unit
Belliardstraat 23, 1040 Etterbeek
since 19292.003.061.183
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0129/00W003 | Brussels | 1,410 m² | 1 · 1,363 m² | 32.1 m · 1 fl. |
| 21805E0381/00B000 | Brussels | 173 m² | 1 · 173 m² | 20.3 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
Similar companies · same sector, comparable size
IMHO
BE 0429.145.915
Wevelgem · Eq €1.3m
VERSTE
BE 0442.856.270
Dessel · Eq €1.2m
PULIMMEX
BE 0439.640.919
Nieuwerkerken (Limb.) · Eq €1.4m
GREGOOR RENTING
BE 0463.452.637
Herentals · Eq €1.5m
PIFICO
BE 0440.980.113
Duffel · Eq €1.1m
Of 186 companies in sector 64910 we hold annual accounts for 134. 88 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded18-10-1929
Fiscal year end31-12
Activities, NACEBEL 2025
64910Financial service activities, except insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0403287891
Also
9925:BE0403287891
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.