PATRIBAT
ActivePATRIBAT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.76M and a net result of €1.10M. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 9690 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
100
/ 100
Excellent▲ +7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-8
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days acceptable
Liquidity ample (current ratio 6.44 against 5.9 in 2023), and 19% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Sector 68
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 2024Solvency, return and age of the figures
Solvency
81%
Return on assets
11.4%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
51 d late
2022
7 d early
2021
30 d late
2020
8 d early
2019
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€7.76M▲ 14.4%
2023 · €6.79M
2018: €2.95M
2019: €3.49M
2020: €3.99M
2021: €4.68M
2022: €6.09M
2023: €6.79M
2018 → 2024
Total assets
€9.59M▲ 10.3%
2023 · €8.70M
2018: €2.99M
2019: €3.56M
2020: €4.77M
2021: €6.27M
2022: €7.89M
2023: €8.70M
2018 → 2024
Net result
€1.10M▲ 2.9%
2023 · €1.07M
2018: €122k
2019: €543k
2020: €503k
2021: €978k
2022: €1.41M
2023: €1.07M
2018 → 2024
Working capital
€4.86M▲ 22.8%
2023 · €3.95M
2018: €317k
2019: €330k
2020: €708k
2021: €1.37M
2022: €3.31M
2023: €3.95M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3.99M-€4.68M▲ 17.1%€6.09M▲ 30.2%€6.79M▲ 11.5%€7.76M▲ 14.4%
Operating result€-49k-€86k€447k▲ 421%€3k▼ 99.3%€16k▲ 369%
Net result€503k-€978k▲ 94.5%€1.41M▲ 44.3%€1.07M▼ 24.4%€1.10M▲ 2.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 369% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.59M
Fixed assets
€3.84M▼ 2.4%
Current assets
€5.75M▲ 20.7%
Equity and liabilities €9.59M
Equity
€7.76M▲ 14.4%
Provisions
€79k▼ 7.5%
Debt
€1.75M▼ 4.2%
The debt ratio falls from 21.0% to 18.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€147k▲
2023 · €135k
Cash flow
€1.23M▲
2023 · €1.20M
Solvency
81.0%▲
2023 · 78.0%
Current ratio
6.44▲
2023 · 5.90
Quick ratio
6.44▲
2023 · 5.90
Debt / equity
0.23▼
2023 · 0.27
ROE
14.1%▼
2023 · 15.7%
ROA
11.4%▼
2023 · 12.3%
Interest coverage
12.46▲
2023 · 4.15
Debt
€1.75M▼
2023 · €1.82M
Debt ≤ 1 year
€893k▲
2023 · €808k
Debt > 1 year
€847k▼
2023 · €1.02M
Income taxes
€123k▲
2023 · €112k
Staff costs
€182▼
2023 · €23k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€8.70M€9.59M▲
Fixed assets21/28€3.93M€3.84M▼
Tangible fixed assets22/27€1.78M€1.68M▼
Land and buildings22€965k€938k▼
Plant, machinery and equipment23€811k€742k▼
Furniture and vehicles24-€2k
Financial fixed assets28€2.16M€2.16M=
Current assets29/58€4.76M€5.75M▲
Amounts receivable within one year40/41€3.27M€4.23M▲
Other amounts receivable41€3.27M€4.23M▲
Current investments50/53€1.48M€1.50M▲
Cash at bank and in hand54/58€2k€8k▲
Deferred charges and accrued income490/1€11k€9k▼
Equity and liabilities
Total equity and liabilities10/49€8.70M€9.59M▲
Equity10/15€6.79M€7.76M▲
Contributions10/11€2.16M€2.16M=
Reserves13€4.62M€5.60M▲
Tax-exempt reserves132€256k€237k▼
Distributable reserves133€4.37M€5.36M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€85k€79k▼
Deferred taxes168€85k€79k▼
Amounts payable17/49€1.82M€1.75M▼
Amounts payable after more than one year17€1.02M€847k▼
Financial debts170/4€1.02M€847k▼
Amounts payable within one year42/48€808k€893k▲
Current portion of amounts payable after more than one year42€183k€184k▲
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€118k€110k▼
Taxes450/3€115k€110k▼
Remuneration and social security454/9€3k-
Other amounts payable47/48€503k€598k▲
Accrued charges and deferred income492/3-€8k
Income statement
Code20232024
Remuneration, social security and pensions62€23k€182▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€132k€132k▼
Other operating charges640/8€6k€7k▲
Gross operating margin9900€164k€154k▼
Operating profit (loss)9901€3k€16k▲
Financial income75/76B€1.20M€1.21M▲
Recurring financial income75€1.20M€1.21M▲
Financial charges65/66B€33k€12k▼
Recurring financial charges65€33k€12k▼
Profit (loss) for the period before taxes9903€1.17M€1.21M▲
Transfer from deferred taxes780€6k€6k=
Income taxes67/77€112k€123k▲
Profit (loss) for the period9904€1.07M€1.10M▲
Transfer from tax-exempt reserves789€19k€19k=
Profit (loss) for the period to be appropriated9905€1.09M€1.12M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.09M€1.12M▲
Profit (loss) brought forward from the previous period14P€0€0=
Transfer from equity791/2€365k€122k▼
Transfer to equity691/2€1.09M€1.12M▲
To other reserves6921€1.09M€1.12M▲
Profit to be distributed694/7€365k€122k▼
Return on contributions (dividend)694€365k€122k▼
Social balance
Average headcount (FTE)90870.5-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 51 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €1.41M ▲44.3%
Operating result €447k, net result €1.41M, both a record.
31-12
Financial
Equity above €5MEq €6.09M ▲30.2%
5 profitable years in a row build equity to €6.09M.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortrijk · 1 establishment unit since 2005
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.
Meensestraat(Kor) 438500 KortrijkGround area
755 m²
Building footprint
294 m²
Volume, LiDAR
2,500 m³
Parcel 34352F0232/00G000, Flanders · tallest building 15.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PATRIBAT bvba
since 20052.147.081.340
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352F0232/00G000 | Flanders | 755 m² | 1 · 294 m² | 15.7 m · 2 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
Legal Entity Identifier
875500C7EVLBPEBYX159
Similar companies · same sector, comparable size
TRADING CORPORATION
BE 0427.722.389
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XL INVEST
BE 0840.936.451
Waregem · Eq €7.74M
TRISINVEST
BE 0442.771.742
Lummen · Eq €7.79M
FOJO
BE 0804.560.758
Maarkedal · Eq €7.82M
DIONYSIUS
BE 0451.608.145
Gent · Eq €7.83M
Of 11,974 companies in sector 68203 we hold annual accounts for 5,947. 2,140 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-2005
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.