PATRICK BOONE
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 22-12-2025 PDF all 16 filings
Turnover
€1.1m
EBIT margin
58.4%
Net result
€505,400▼ 22.1%
2024 · €648,622
Working capital
€300,637▼ 66.3%
2024 · €893,415
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
€1.1m
2025
20192025
Operating result
€668,262
▼ 29.4%
2025
20192025
Net result
€505,400
▼ 22.1%
2025
highest quarter of the sector
20192025
EBIT margin
58.4%
2025
20192025
Equity
€1.7m
▼ 5.2%
2025
middle half of the sector
20192025
Total assets
€3.2m
▲ 6.1%
2025
middle half of the sector
20192025
Debt
€1.5m
▲ 23.2%
2025
20192025
Working capital
€300,637
▼ 66.3%
2025
middle half of the sector
20192025
Solvency
53.9%
▼ 6.4pp
2025
middle half of the sector
20192025
Current ratio
1.66
▼ 1.87
2025
middle half of the sector
20192025
Return on assets (ROA)
15.8%
▼ 5.7pp
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€1.1m
Operating result€0.02m-€0.3m▲ 13×€0.3m▲ 5.4%€1.0m▲ 200%€1.0m▲ 2.8%€0.9m▼ 9.5%€0.7m▼ 29.4%
Net result€0.02m-€0.2mabove the sector's middle half▲ 14×€0.3mabove the sector's middle half▲ 23.0%€0.8mabove the sector's middle half▲ 184%€0.8mabove the sector's middle half▼ 1.1%€0.6mabove the sector's middle half▼ 14.8%€0.5mabove the sector's middle half▼ 22.1%
EBIT margin58.4%
Equity€0.3m-€0.5mwithin the sector's middle half▲ 76.9%€0.7mwithin the sector's middle half▲ 47.6%€1.3mwithin the sector's middle half▲ 73.0%€1.6mwithin the sector's middle half▲ 22.8%€1.8mwithin the sector's middle half▲ 14.2%€1.7mwithin the sector's middle half▼ 5.2%
Total assets€1.1m-€1.2mwithin the sector's middle half▲ 4.1%€1.6mwithin the sector's middle half▲ 34.6%€2.1mwithin the sector's middle half▲ 32.4%€2.7mwithin the sector's middle half▲ 31.4%€3.0mwithin the sector's middle half▲ 10.8%€3.2mwithin the sector's middle half▲ 6.1%
Debt€0.8m-€0.7m▼ 21.1%€0.8m▲ 24.5%€0.8m▼ 4.9%€1.1m▲ 45.6%€1.2m▲ 5.9%€1.5m▲ 23.2%
Working capital€0.5m-€0.6mabove the sector's middle half▲ 27.3%€0.6mabove the sector's middle half▼ 1.7%€1.1mabove the sector's middle half▲ 68.8%€0.9mabove the sector's middle half▼ 14.0%€0.9mabove the sector's middle half▼ 3.3%€0.3mwithin the sector's middle half▼ 66.3%
Solvency25.7%-43.6%within the sector's middle half▲ 18.0pp47.8%within the sector's middle half▲ 4.2pp62.5%within the sector's middle half▲ 14.7pp58.4%within the sector's middle half▼ 4.1pp60.3%within the sector's middle half▲ 1.8pp53.9%within the sector's middle half▼ 6.4pp
Current ratio3.09-4.60above the sector's middle half▲ 1.514.16above the sector's middle half▼ 0.445.20above the sector's middle half▲ 1.043.30above the sector's middle half▼ 1.903.53above the sector's middle half▲ 0.231.66within the sector's middle half▼ 1.87
Return on assets (ROA)1.4%-19.0%above the sector's middle half▲ 17.5pp17.3%above the sector's middle half▼ 1.6pp37.1%above the sector's middle half▲ 19.8pp28.0%above the sector's middle half▼ 9.2pp21.5%above the sector's middle half▼ 6.4pp15.8%above the sector's middle half▼ 5.7pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 29% lower than in 2024. It is the second fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€2.4m ▲ 38.1%
Current assets
€758,038 ▼ 39.2%
Equity and liabilities €3.2m
Equity
€1.7m ▼ 5.2%
Debt
€1.5m ▲ 23.2%
Debt's share of the balance-sheet total rises from 39.7% to 46.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€773,089▼
2024 · €1.0m
Cash flow
€610,227▼
2024 · €732,711
Debt to equity
0.86▲
2024 · 0.66
ROE
29.3%▼
2024 · 35.7%
Interest coverage
20.50▼
2024 · 30.47
Debt ≤ 1 year
€457,401▲
2024 · €353,688
Debt > 1 year
€1.0m▲
2024 · €843,802
Income taxes
€142,349▼
2024 · €297,801
Customer credit
1 day
Supplier credit
6 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €63,027 | €708,070 | €455,503 | €777,616 |
| Depreciation and write-downs of the year | €48,472 | €49,545 | €84,089 | €104,827 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | €1.1m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €0.4m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.03m | €0.05m | €0.05m | €0.08m | €0.1m | ▲ 24.7% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.004m | €0.008m | €0.005m | ▼ 39.8% |
| Gross operating margin9900 | €0.06m | €0.4m | €0.4m | €1.1m | €1.1m | €1.0m | €0.8m | ▼ 25.1% |
| Operating profit (loss)9901 | €0.02m | €0.3m | €0.3m | €1.0m | €1.0m | €0.9m | €0.7m | ▼ 29.4% |
| Financial income75/76B | - | - | - | €0.02m | €0.04m | €0.03m | €0.02m | ▼ 48.7% |
| Recurring financial income75 | €0.02m | €0.02m | €0.02m | €0.02m | €0.04m | €0.03m | €0.02m | ▼ 48.7% |
| Non-recurring financial income76B | - | - | - | - | €0.005m | - | - | - |
| Financial charges65/66B | - | - | - | €0.01m | €0.02m | €0.03m | €0.04m | ▲ 11.5% |
| Recurring financial charges65 | €0.009m | €0.01m | €0.01m | €0.01m | €0.02m | €0.03m | €0.04m | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | €0.04m | €0.3m | €0.3m | €1.0m | €1.1m | €0.9m | €0.6m | ▼ 31.6% |
| Income taxes67/77 | €0.02m | €0.1m | €0.07m | €0.3m | €0.3m | €0.3m | €0.1m | ▼ 52.2% |
| Profit (loss) for the period9904 | €0.02m | €0.2m | €0.3m | €0.8m | €0.8m | €0.6m | €0.5m | ▼ 22.1% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.2m | €0.3m | €0.8m | €0.8m | €0.6m | €0.5m | ▼ 22.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.1m | €1.2m | €1.6m | €2.1m | €2.7m | €3.0m | €3.2m | ▲ 6.1% |
| Fixed assets21/28 | €0.4m | €0.3m | €0.7m | €0.7m | €1.4m | €1.8m | €2.4m | ▲ 38.1% |
| Tangible fixed assets22/27 | €0.4m | €0.3m | €0.7m | €0.7m | €1.4m | €1.8m | €2.4m | ▲ 38.1% |
| Land and buildings22 | - | - | - | €0.7m | €1.3m | €1.7m | €2.4m | ▲ 42.4% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.1m | €0.1m | €0.08m | ▼ 29.3% |
| Current assets29/58 | €0.8m | €0.8m | €0.8m | €1.3m | €1.3m | €1.2m | €0.8m | ▼ 39.2% |
| Amounts receivable after more than one year29 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Other amounts receivable291 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Amounts receivable within one year40/41 | €0.4m | €0.3m | €0.5m | €0.5m | €0.4m | €0.4m | €0.2m | ▼ 40.0% |
| Trade receivables40 | - | - | - | - | €0.003m | €0.002m | €0.002m | = |
| Other amounts receivable41 | - | - | - | €0.5m | €0.4m | €0.4m | €0.2m | ▼ 40.2% |
| Cash at bank and in hand54/58 | €0.1m | €0.4m | €0.2m | €0.6m | €0.8m | €0.6m | €0.3m | ▼ 50.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.6m | €2.1m | €2.7m | €3.0m | €3.2m | ▲ 6.1% |
| Equity10/15 | €0.3m | €0.5m | €0.7m | €1.3m | €1.6m | €1.8m | €1.7m | ▼ 5.2% |
| Contributions10/11 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Capital10 | - | - | - | €0.01m | - | - | €0.01m | - |
| Issued capital100 | - | - | - | €0.02m | - | - | €0.01m | - |
| Uncalled capital101 | - | - | - | €0.006m | - | - | - | - |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.3m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | - | - | €0.002m | - |
| Reserves not available under the articles1311 | - | - | - | - | €0.002m | €0.002m | - | - |
| Distributable reserves133 | - | - | - | - | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | €0.3m | €0.5m | €0.7m | €1.3m | €1.3m | €1.5m | €1.4m | ▼ 6.3% |
| Amounts payable17/49 | €0.8m | €0.7m | €0.8m | €0.8m | €1.1m | €1.2m | €1.5m | ▲ 23.2% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.6m | €0.5m | €0.7m | €0.8m | €1.0m | ▲ 20.7% |
| Financial debts170/4 | - | - | - | €0.5m | €0.7m | €0.8m | €1.0m | ▲ 20.7% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 29.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 9.0% |
| Trade debts44 | €0.002m | €0.008m | €0.004m | €0.004m | - | €0.006m | €0.007m | ▲ 30.1% |
| Suppliers440/4 | - | - | - | €0.004m | - | €0.006m | €0.007m | ▲ 30.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | €0.1m | €0.2m | ▲ 57.8% |
| Taxes450/3 | - | - | - | €0.1m | €0.2m | €0.1m | €0.2m | ▲ 57.8% |
| Other amounts payable47/48 | - | - | - | - | €0.003m | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,034 | €220,493 | €271,277 | €769,349 | €760,890 | €648,622 | €505,400 | ▼ 22.1% |
| + Depreciation and write-downs630 | €33,815 | €29,706 | €27,692 | €48,472 | €49,545 | €84,089 | €104,827 | ▲ 24.7% |
| Operating cash flow (approximation) | €49,849 | €250,199 | €298,969 | €817,821 | €810,435 | €732,711 | €610,227 | ▼ 16.7% |
| Investment in fixed assets (approximation) | - | €0 | -€419,164 | -€63,027 | -€704,258 | -€455,503 | -€777,616 | ▼ 70.7% |
| Change in cash | - | €234,781 | -€187,362 | €434,457 | €149,520 | -€126,180 | -€324,255 | ▼ 157% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,811 companies had the same profile as PATRICK BOONE has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.1%
stopped otherwise
0.3%
went bankrupt
That fits the bankruptcy probability of PATRICK BOONE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for PATRICK BOONE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 22-12-2025 | 2025-00587127 | |
| 30-06-2024 | full format | 24-12-2024 | 2024-00624165 | |
| 30-06-2023 | full format | 20-12-2023 | 2023-00532086 | |
| 30-06-2022 | full format | 22-12-2022 | 2022-20543309 | |
| 30-06-2021 | full format | 22-12-2021 | 2021-81700200 | |
| 30-06-2020 | full format | 17-12-2020 | 2020-77000600 | |
| 30-06-2019 | full format | 26-12-2019 | 2019-77500209 | |
| 30-06-2018 | full format | 23-12-2018 | 2018-75400152 | |
| 30-06-2017 | full format | 28-12-2017 | 2017-73100598 | |
| 30-06-2016 | full format | 26-12-2016 | 2016-71600337 |