Patrick CHARLES
ActiveSummary
Patrick CHARLES has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,478 and a net result of €9,769. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+15
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 17.57 against 5.1 in 2024; short-term debt: 4.7% and cash: 20.4% of total assets), and 4.7% of the assets are financed with debt.
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Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
95.3%
Return on assets
15.4%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 09-07-2026, 22 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
22 d early
2024
60 d late
2023
28 d late
2022
28 d late
2021
30 d late
2020
90 d late
2019
122 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 48 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 29 August (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€60,478▲ 23.6%
2024 · €48,942
Total assets
€63,431▲ 12.0%
2024 · €56,624
Net result
€9,769▲ 458%
2024 · €1,752
Working capital
€48,925▲ 55.2%
2024 · €31,519
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€31,827▲ 146%€29,949▼ 5.9%-€7,378€3,612€16,438▲ 355%
Net result€17,949within the sector's middle half▲ 342%€24,549within the sector's middle half▲ 36.8%-€9,943below the sector's middle half€1,752within the sector's middle half€9,769within the sector's middle half▲ 458%
Equity€32,584within the sector's middle half▲ 123%€57,133within the sector's middle half▲ 75.3%€47,190within the sector's middle half▼ 17.4%€48,942within the sector's middle half▲ 3.7%€60,478within the sector's middle half▲ 23.6%
Total assets€50,850below the sector's middle half▲ 11.8%€70,243within the sector's middle half▲ 38.1%€53,783below the sector's middle half▼ 23.4%€56,624below the sector's middle half▲ 5.3%€63,431below the sector's middle half▲ 12.0%
Debt€18,266▼ 40.8%€13,110▼ 28.2%€6,592▼ 49.7%€7,682▲ 16.5%€2,953▼ 61.6%
Working capital€13,940within the sector's middle half€27,180within the sector's middle half▲ 95.0%€23,652within the sector's middle half▼ 13.0%€31,519within the sector's middle half▲ 33.3%€48,925within the sector's middle half▲ 55.2%
Solvency64.1%within the sector's middle half▲ 31.9pp81.3%above the sector's middle half▲ 17.3pp87.7%above the sector's middle half▲ 6.4pp86.4%above the sector's middle half▼ 1.3pp95.3%above the sector's middle half▲ 8.9pp
Current ratio1.78within the sector's middle half▲ 0.963.63above the sector's middle half▲ 1.854.59above the sector's middle half▲ 0.965.10above the sector's middle half▲ 0.5217.57above the sector's middle half▲ 12.46
Return on assets (ROA)35.3%above the sector's middle half▲ 26.4pp34.9%above the sector's middle half▼ 0.3pp-18.5%below the sector's middle half▼ 53.4pp3.1%within the sector's middle half▲ 21.6pp15.4%within the sector's middle half▲ 12.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 2023 the operating result has climbed two years in a row; 2025 is 355% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63,431
Fixed assets
€11,553 ▼ 33.7%
Current assets
€51,878 ▲ 32.3%
Equity and liabilities €63,431
Equity
€60,478 ▲ 23.6%
Debt
€2,953 ▼ 61.6%
Debt's share of the balance-sheet total falls from 13.6% to 4.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,294▲
2024 · €12,152
Cash flow
€18,625▲
2024 · €10,292
Debt to equity
0.05▼
2024 · 0.16
ROE
16.2%▲
2024 · 3.6%
Interest coverage
16.71▲
2024 · 7.33
Debt ≤ 1 year
€2,953▼
2024 · €7,682
Income taxes
€5,547▲
2024 · €203
Staff costs
€27
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €900 | - | - |
| Remuneration, social security and pensions62 | - | - | €75 | - | €27 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,515 | €8,278 | €9,197 | €8,541 | €8,856 | ▲ 3.7% |
| Other operating charges640/8 | €3,629 | €2,824 | €1,583 | €895 | €2,137 | ▲ 139% |
| Gross operating margin9900 | €38,971 | €41,051 | €3,477 | €13,047 | €27,459 | ▲ 110% |
| Operating profit (loss)9901 | €31,827 | €29,949 | -€7,378 | €3,612 | €16,438 | ▲ 355% |
| Financial income75/76B | €66 | - | €32 | - | €391 | - |
| Recurring financial income75 | €66 | - | €32 | - | €391 | - |
| Financial charges65/66B | €1,346 | €458 | €1,584 | €1,657 | €1,513 | ▼ 8.7% |
| Recurring financial charges65 | €1,346 | €458 | €1,584 | €1,657 | €1,513 | ▼ 8.7% |
| Profit (loss) for the period before taxes9903 | €30,548 | €29,491 | -€8,930 | €1,954 | €15,316 | ▲ 684% |
| Income taxes67/77 | €12,598 | €4,942 | €1,013 | €203 | €5,547 | ▲ 2,638% |
| Profit (loss) for the period9904 | €17,949 | €24,549 | -€9,943 | €1,752 | €9,769 | ▲ 458% |
| Profit (loss) for the period to be appropriated9905 | €17,949 | €24,549 | -€9,943 | €1,752 | €9,769 | ▲ 458% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50,850 | €70,243 | €53,783 | €56,624 | €63,431 | ▲ 12.0% |
| Fixed assets21/28 | €19,013 | €32,735 | €23,538 | €17,423 | €11,553 | ▼ 33.7% |
| Tangible fixed assets22/27 | €19,013 | €32,735 | €23,538 | €17,423 | €11,553 | ▼ 33.7% |
| Plant, machinery and equipment23 | €19,013 | €15,316 | €11,619 | €10,022 | €7,524 | ▼ 24.9% |
| Furniture and vehicles24 | - | €17,419 | €11,919 | €7,401 | €4,029 | ▼ 45.6% |
| Current assets29/58 | €31,837 | €37,508 | €30,245 | €39,201 | €51,878 | ▲ 32.3% |
| Amounts receivable within one year40/41 | €26,170 | €37,424 | €29,776 | €32,549 | €37,946 | ▲ 16.6% |
| Trade receivables40 | €1,448 | €625 | €2,765 | €4,160 | €2,251 | ▼ 45.9% |
| Other amounts receivable41 | €24,722 | €36,800 | €27,011 | €28,389 | €35,695 | ▲ 25.7% |
| Cash at bank and in hand54/58 | €5,667 | €84 | €225 | €5,943 | €12,913 | ▲ 117% |
| Deferred charges and accrued income490/1 | - | - | €244 | €709 | €1,020 | ▲ 43.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50,850 | €70,243 | €53,783 | €56,624 | €63,431 | ▲ 12.0% |
| Equity10/15 | €32,584 | €57,133 | €47,190 | €48,942 | €60,478 | ▲ 23.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €17,620 | €41,620 | €41,620 | €41,620 | €51,120 | ▲ 22.8% |
| Non-distributable reserves130/1 | €620 | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | €620 | €620 | €620 | €620 | €620 | = |
| Distributable reserves133 | €17,000 | €41,000 | €41,000 | €41,000 | €50,500 | ▲ 23.2% |
| Profit (loss) carried forward14 | €8,764 | €9,313 | -€630 | €1,122 | €3,158 | ▲ 181% |
| Amounts payable17/49 | €18,266 | €13,110 | €6,592 | €7,682 | €2,953 | ▼ 61.6% |
| Amounts payable after more than one year17 | - | €2,782 | - | - | - | - |
| Other amounts payable178/9 | - | €2,782 | - | - | - | - |
| Amounts payable within one year42/48 | €17,897 | €10,328 | €6,592 | €7,682 | €2,953 | ▼ 61.6% |
| Financial debts43 | - | - | €1,765 | - | - | - |
| Credit institutions430/8 | - | - | €1,765 | - | - | - |
| Trade debts44 | €2,086 | €967 | €1,614 | €7,682 | €1,253 | ▼ 83.7% |
| Suppliers440/4 | €2,086 | €967 | €1,614 | €7,682 | €1,253 | ▼ 83.7% |
| Advances received on contracts in progress46 | €564 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €15,247 | €9,362 | €3,213 | - | €1,700 | - |
| Taxes450/3 | €15,247 | €9,362 | €3,213 | - | €1,700 | - |
| Accrued charges and deferred income492/3 | €369 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,949 | €24,549 | -€9,943 | €1,752 | €9,769 | ▲ 458% |
| + Depreciation and write-downs630 | €3,515 | €8,278 | €9,197 | €8,541 | €8,856 | ▲ 3.7% |
| Operating cash flow (approximation) | €21,464 | €32,827 | -€746 | €10,292 | €18,625 | ▲ 81.0% |
| Investment in fixed assets (approximation) | - | -€22,000 | €0 | -€2,426 | -€2,986 | ▼ 23.1% |
| Change in cash | - | -€5,583 | €141 | €5,718 | €6,969 | ▲ 21.9% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 17.57
Current ratio from 5.10 to 17.57; short-term debt falls from €7,682 to €2,953.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €1,752
Net result €1,752 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€9,943
Net result drops to -€9,943, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Highest result since 2019net €24,549 ▲36.8%
Net result €24,549, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.63
Current ratio from 1.78 to 3.63; short-term debt falls from €17,897 to €10,328.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 1.78
Current ratio from 0.82 to 1.78; short-term debt falls from €30,835 to €17,897.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Boussu · 1 establishment unit since 2018
Ground area
500 m²
Building footprint
111 m²
Volume, LiDAR
605 m³
Parcel 53041C0630/02D002, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Patrick CHARLES
since 20182.275.714.624
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53041C0630/02D002 | Wallonia | 500 m² | 1 · 111 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,697 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formGeneral partnership
Founded03-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0694761411
Also
9925:BE0694761411
Registered
22-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.