PATRICK HENS
ActiveSummary
PATRICK HENS has been active since 1961 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€16,397) and a net result of €2,897. Equity is shrinking by ~61.8% per year across the filed fiscal years. Its solvency ranks better than 11% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+8
Solvency24=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.21 against 1.23 in 2024; short-term debt: 71.8% and cash: 3.2% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 8160 sector peers (2025).
NBB · sector comparisonPosition among 8160 sector peers
Solvency
better than 11%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
17 d early
2023
34 d early
2022
45 d early
2021
75 d early
2020
74 d early
2019
72 d early
← 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 45 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€16,397▲ 15.0%
2024 · -€19,294
Total assets
€1.6m▲ 11.2%
2024 · €1.4m
Net result
€2,897
2024 · -€7,019
Working capital
€235,781▼ 7.8%
2024 · €255,713
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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-€746▲ 99.0%-€67,501▼ 8,953%-€23,208▲ 65.6%€25,168€30,672▲ 21.9%
Net result-€18,432below the sector's middle half▲ 80.8%-€91,326below the sector's middle half▼ 395%-€55,226below the sector's middle half▲ 39.5%-€7,019below the sector's middle half▲ 87.3%€2,897within the sector's middle half
Equity€134,277within the sector's middle half▼ 12.1%€42,951below the sector's middle half▼ 68.0%-€12,275below the sector's middle half-€19,294below the sector's middle half▼ 57.2%-€16,397below the sector's middle half▲ 15.0%
Total assets€1.4mwithin the sector's middle half▲ 4.1%€1.4mwithin the sector's middle half▲ 1.7%€1.4mwithin the sector's middle half▼ 1.5%€1.4mwithin the sector's middle half▲ 0.4%€1.6mwithin the sector's middle half▲ 11.2%
Debt€1.3m▲ 6.2%€1.4m▲ 9.2%€1.4m▲ 2.5%€1.4m▲ 0.9%€1.6m▲ 10.8%
Working capital€560,163within the sector's middle half▼ 10.8%€397,295within the sector's middle half▼ 29.1%€302,227within the sector's middle half▼ 23.9%€255,713within the sector's middle half▼ 15.4%€235,781within the sector's middle half▼ 7.8%
Solvency9.7%below the sector's middle half▼ 1.8pp3.0%below the sector's middle half▼ 6.6pp-0.9%below the sector's middle half▼ 3.9pp-1.4%below the sector's middle half▼ 0.5pp-1.1%below the sector's middle half▲ 0.3pp
Current ratio1.72within the sector's middle half▼ 0.251.41within the sector's middle half▼ 0.311.29within the sector's middle half▼ 0.121.23within the sector's middle half▼ 0.051.21within the sector's middle half▼ 0.02
Return on assets (ROA)-1.3%below the sector's middle half▲ 5.9pp-6.5%below the sector's middle half▼ 5.1pp-4.0%below the sector's middle half▲ 2.5pp-0.5%below the sector's middle half▲ 3.5pp0.2%within the sector's middle half▲ 0.7pp
Staff (FTE)3.9within the sector's middle half▼ 2.5%3within the sector's middle half▼ 23.1%3.2within the sector's middle half▲ 6.7%3.2within the sector's middle half=2within the sector's middle half▼ 37.5%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated 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 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€203,302 ▲ 298%
Current assets
€1.4m ▲ 0.3%
Key figures and ratios
EBITDA
€61,632▲
2024 · €43,495
Cash flow
€33,857▲
2024 · €11,308
Quick ratio
0.32▼
2024 · 0.32
Debt to equity
-95.92▼
2024 · -73.55
Interest coverage
2.33▲
2024 · 1.41
Debt ≤ 1 year
€1.1m▲
2024 · €1.1m
Debt > 1 year
€450,313▲
2024 · €320,000
Income taxes
€1,357▲
2024 · €1,333
Staff costs
€101,512▼
2024 · €148,416
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 1,448 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 | €2,902 | €6,333 | €0 | - | €4,000 | - |
| Remuneration, social security and pensions62 | €153,585 | €140,943 | €154,611 | €148,416 | €101,512 | ▼ 31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,143 | €18,371 | €18,276 | €18,327 | €30,960 | ▲ 68.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,197 | €0 | ▼ 100% |
| Other operating charges640/8 | €11,212 | €11,217 | €9,349 | €9,011 | €7,920 | ▼ 12.1% |
| Non-recurring operating charges66A | - | €617 | €0 | - | - | - |
| Gross operating margin9900 | €180,195 | €103,647 | €159,028 | €202,118 | €171,063 | ▼ 15.4% |
| Operating profit (loss)9901 | -€746 | -€67,501 | -€23,208 | €25,168 | €30,672 | ▲ 21.9% |
| Financial income75/76B | €3,362 | €113 | €499 | €0 | - | - |
| Recurring financial income75 | €3,362 | €113 | €499 | €0 | - | - |
| Financial charges65/66B | €19,904 | €22,718 | €31,228 | €30,854 | €26,418 | ▼ 14.4% |
| Recurring financial charges65 | €19,904 | €22,718 | €31,228 | €30,854 | €26,418 | ▼ 14.4% |
| Profit (loss) for the period before taxes9903 | -€17,288 | -€90,105 | -€53,937 | -€5,686 | €4,254 | ▲ 175% |
| Income taxes67/77 | €1,144 | €1,221 | €1,289 | €1,333 | €1,357 | ▲ 1.8% |
| Profit (loss) for the period9904 | -€18,432 | -€91,326 | -€55,226 | -€7,019 | €2,897 | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | -€18,432 | -€91,326 | -€55,226 | -€7,019 | €2,897 | ▲ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.4m | €1.4m | €1.4m | €1.6m | ▲ 11.2% |
| Fixed assets21/28 | €48,061 | €47,862 | €42,732 | €51,093 | €203,302 | ▲ 298% |
| Tangible fixed assets22/27 | €41,464 | €41,265 | €36,135 | €44,495 | €196,705 | ▲ 342% |
| Land and buildings22 | - | €14,279 | €10,709 | €7,139 | €3,570 | ▼ 50.0% |
| Plant, machinery and equipment23 | €10,407 | €7,710 | €17,932 | €36,791 | €34,378 | ▼ 6.6% |
| Furniture and vehicles24 | €31,057 | €19,276 | €7,494 | €565 | €158,757 | ▲ 27,997% |
| Financial fixed assets28 | €6,597 | €6,597 | €6,597 | €6,597 | €6,597 | = |
| Current assets29/58 | €1.3m | €1.4m | €1.4m | €1.3m | €1.4m | ▲ 0.3% |
| Stocks and contracts in progress3 | €996,409 | €989,712 | €996,709 | €996,709 | €994,530 | ▼ 0.2% |
| Stocks30/36 | €996,409 | €989,712 | €996,709 | €996,709 | €994,530 | ▼ 0.2% |
| Amounts receivable within one year40/41 | €289,291 | €320,915 | €312,308 | €310,831 | €284,271 | ▼ 8.5% |
| Trade receivables40 | €285,606 | €305,177 | €302,642 | €303,402 | €271,412 | ▼ 10.5% |
| Other amounts receivable41 | €3,685 | €15,737 | €9,666 | €7,429 | €12,858 | ▲ 73.1% |
| Cash at bank and in hand54/58 | €42,562 | €41,606 | €23,384 | €25,581 | €49,844 | ▲ 94.8% |
| Deferred charges and accrued income490/1 | €14,018 | €14,314 | €18,713 | €15,524 | €24,436 | ▲ 57.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €1.4m | €1.4m | €1.6m | ▲ 11.2% |
| Equity10/15 | €134,277 | €42,951 | -€12,275 | -€19,294 | -€16,397 | ▲ 15.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €115,685 | €24,359 | €0 | - | - | - |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Distributable reserves133 | €113,826 | €22,500 | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | -€30,867 | -€37,886 | -€34,989 | ▲ 7.6% |
| Amounts payable17/49 | €1.3m | €1.4m | €1.4m | €1.4m | €1.6m | ▲ 10.8% |
| Amounts payable after more than one year17 | €469,324 | €396,540 | €350,000 | €320,000 | €450,313 | ▲ 40.7% |
| Financial debts170/4 | €469,324 | €396,540 | €350,000 | €320,000 | €450,313 | ▲ 40.7% |
| Amounts payable within one year42/48 | €782,116 | €969,251 | €1.0m | €1.1m | €1.1m | ▲ 2.2% |
| Current portion of amounts payable after more than one year42 | €48,424 | €60,610 | €79,119 | €57,198 | €68,407 | ▲ 19.6% |
| Financial debts43 | €31,956 | €31,987 | €0 | - | - | - |
| Other loans439 | €31,956 | €31,987 | €0 | - | - | - |
| Trade debts44 | €247,580 | €363,976 | €286,032 | €264,188 | €246,441 | ▼ 6.7% |
| Suppliers440/4 | €247,580 | €363,976 | €286,032 | €264,188 | €246,441 | ▼ 6.7% |
| Taxes, remuneration and social security45 | €5,709 | €12,893 | €12,851 | €6,118 | €3,666 | ▼ 40.1% |
| Taxes450/3 | €5,579 | €5,893 | €5,374 | €3,734 | €2,507 | ▼ 32.9% |
| Remuneration and social security454/9 | €130 | €7,000 | €7,477 | €2,383 | €1,159 | ▼ 51.4% |
| Other amounts payable47/48 | €448,447 | €499,785 | €670,886 | €765,429 | €798,787 | ▲ 4.4% |
| Accrued charges and deferred income492/3 | €4,624 | €5,666 | €7,234 | €6,100 | €5,168 | ▼ 15.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,432 | -€91,326 | -€55,226 | -€7,019 | €2,897 | ▲ 141% |
| + Depreciation and write-downs630 | €16,143 | €18,371 | €18,276 | €18,327 | €30,960 | ▲ 68.9% |
| Operating cash flow (approximation) | -€2,288 | -€72,955 | -€36,950 | €11,308 | €33,857 | ▲ 199% |
| Investment in fixed assets (approximation) | - | -€18,172 | -€13,146 | -€26,687 | -€183,170 | ▼ 586% |
| Change in cash | - | -€956 | -€18,222 | €2,197 | €24,263 | ▲ 1,004% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €2,897
Net result €2,897 after 7 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€96,201
Net result drops to -€96,201, the lowest in the series; recovery starts the following year.
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Sint-Katelijne-Waver · 1 establishment unit since 1961
Ground area
446 m²
Building footprint
155 m²
Volume, LiDAR
1,046 m³
Parcel 12035B0718/00M002, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Mechelsesteenweg(CEN) 77, 2860 Sint-Katelijne-Waver
since 19612.006.264.856
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035B0718/00M002 | Flanders | 446 m² | 1 · 155 m² | 12.2 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 155 EUR awarded · 155 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 155 EUR | 155 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Katelijne-Waver2.006.264.856
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Of 1,424 companies in sector 46389 we hold annual accounts for 855. 486 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
Founded30-08-1961
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400827160
Also
9925:BE0400827160
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.