PATRICK LIMPENS
ActiveSummary
PATRICK LIMPENS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €388,472 and a net result of €14,687. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 77.46 against 75.79 in 2024; short-term debt: 1.2% and cash: 22.9% of total assets), and 1.2% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
98.8%
Return on assets
3.7%
Age of the figures
9 mo
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
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
48 d early
2023
40 d early
2022
21 d late
2021
11 d late
2020
16 d late
2019
17 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 7 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
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Financials · fiscal year 2025, abbreviated schema
Equity
€388,472▲ 3.9%
2024 · €373,785
Total assets
€393,212▲ 3.9%
2024 · €378,322
Net result
€14,687▲ 16.2%
2024 · €12,643
Working capital
€362,441▲ 6.8%
2024 · €339,334
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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€33,488▼ 35.7%€28,132▼ 16.0%€29,681▲ 5.5%€10,235▼ 65.5%€15,317▲ 49.7%
Net result€23,693within the sector's middle half▼ 36.4%€20,021within the sector's middle half▼ 15.5%€23,217within the sector's middle half▲ 16.0%€12,643within the sector's middle half▼ 45.5%€14,687within the sector's middle half▲ 16.2%
Equity€404,861within the sector's middle half▲ 6.2%€424,882within the sector's middle half▲ 4.9%€361,142within the sector's middle half▼ 15.0%€373,785within the sector's middle half▲ 3.5%€388,472within the sector's middle half▲ 3.9%
Total assets€411,532within the sector's middle half▲ 4.5%€435,727within the sector's middle half▲ 5.9%€366,445below the sector's middle half▼ 15.9%€378,322below the sector's middle half▲ 3.2%€393,212within the sector's middle half▲ 3.9%
Debt€6,671▼ 47.5%€10,845▲ 62.6%€5,303▼ 51.1%€4,537▼ 14.4%€4,740▲ 4.5%
Working capital€393,862▲ 7.9%€418,407▲ 6.2%€318,270▼ 23.9%€339,334▲ 6.6%€362,441▲ 6.8%
Solvency98.4%above the sector's middle half▲ 1.6pp97.5%above the sector's middle half▼ 0.9pp98.6%above the sector's middle half▲ 1.0pp98.8%above the sector's middle half▲ 0.2pp98.8%above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
The operating result recovers in 2025; 2025 is 50% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €393,212
Fixed assets
€26,031 ▼ 24.4%
Current assets
€367,181 ▲ 6.8%
Equity and liabilities €393,212
Equity
€388,472 ▲ 3.9%
Debt
€4,740 ▲ 4.5%
Debt's share of the balance-sheet total stays at 1.2%.
Key figures and ratios
EBITDA
€23,737▲
2024 · €18,656
Cash flow
€23,107▲
2024 · €21,064
Current ratio
77.46▲
2024 · 75.79
Debt to equity
0.01▲
2024 · 0.01
ROE
3.8%▲
2024 · 3.4%
ROA
3.7%▲
2024 · 3.3%
Interest coverage
285.99▲
2024 · 245.47
Debt ≤ 1 year
€4,740▲
2024 · €4,537
Income taxes
€5,645▲
2024 · €4,910
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
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 0.1% 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 497,058 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% | 1.6% |
| 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 74% 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 10,891 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,017 | €4,524 | €8,096 | €8,421 | €8,420 | = |
| Other operating charges640/8 | €789 | €761 | €854 | €837 | €787 | ▼ 6.0% |
| Gross operating margin9900 | €39,294 | €33,417 | €38,631 | €19,493 | €24,524 | ▲ 25.8% |
| Operating profit (loss)9901 | €33,488 | €28,132 | €29,681 | €10,235 | €15,317 | ▲ 49.7% |
| Financial income75/76B | - | - | €2,009 | €7,394 | €5,098 | ▼ 31.1% |
| Recurring financial income75 | - | - | €2,009 | €7,394 | €5,098 | ▼ 31.1% |
| Financial charges65/66B | €64 | €69 | €76 | €76 | €83 | ▲ 9.2% |
| Recurring financial charges65 | €64 | €69 | €76 | €76 | €83 | ▲ 9.2% |
| Profit (loss) for the period before taxes9903 | €33,424 | €28,063 | €31,614 | €17,553 | €20,332 | ▲ 15.8% |
| Income taxes67/77 | €9,731 | €8,042 | €8,397 | €4,910 | €5,645 | ▲ 15.0% |
| Profit (loss) for the period9904 | €23,693 | €20,021 | €23,217 | €12,643 | €14,687 | ▲ 16.2% |
| Profit (loss) for the period to be appropriated9905 | €23,693 | €20,021 | €23,217 | €12,643 | €14,687 | ▲ 16.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €411,532 | €435,727 | €366,445 | €378,322 | €393,212 | ▲ 3.9% |
| Fixed assets21/28 | €10,999 | €6,475 | €42,872 | €34,451 | €26,031 | ▼ 24.4% |
| Tangible fixed assets22/27 | €10,932 | €6,408 | €42,805 | €34,384 | €25,964 | ▼ 24.5% |
| Furniture and vehicles24 | €10,932 | €6,408 | €42,805 | €34,384 | €25,964 | ▼ 24.5% |
| Financial fixed assets28 | €67 | €67 | €67 | €67 | €67 | = |
| Current assets29/58 | €400,533 | €429,252 | €323,573 | €343,871 | €367,181 | ▲ 6.8% |
| Amounts receivable within one year40/41 | €14,165 | €226 | €469 | €10,063 | €807 | ▼ 92.0% |
| Trade receivables40 | €10,648 | - | - | €8,785 | - | - |
| Other amounts receivable41 | €3,517 | €226 | €469 | €1,278 | €807 | ▼ 36.9% |
| Current investments50/53 | - | - | €225,000 | €250,000 | €275,000 | ▲ 10.0% |
| Cash at bank and in hand54/58 | €385,765 | €428,498 | €97,131 | €82,786 | €90,194 | ▲ 8.9% |
| Deferred charges and accrued income490/1 | €603 | €528 | €973 | €1,022 | €1,180 | ▲ 15.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €411,532 | €435,727 | €366,445 | €378,322 | €393,212 | ▲ 3.9% |
| Equity10/15 | €404,861 | €424,882 | €361,142 | €373,785 | €388,472 | ▲ 3.9% |
| Contributions10/11 | €97,957 | €97,957 | €11,000 | €11,000 | €11,000 | = |
| Reserves13 | €237,170 | €256,691 | €279,408 | €291,551 | €305,738 | ▲ 4.9% |
| Non-distributable reserves130/1 | €10,555 | €10,555 | €10,555 | €10,555 | €10,555 | = |
| Reserves not available under the articles1311 | €10,555 | €10,555 | €10,555 | €10,555 | €10,555 | = |
| Distributable reserves133 | €226,615 | €246,136 | €268,853 | €280,996 | €295,183 | ▲ 5.0% |
| Profit (loss) carried forward14 | €69,734 | €70,234 | €70,734 | €71,234 | €71,734 | ▲ 0.7% |
| Amounts payable17/49 | €6,671 | €10,845 | €5,303 | €4,537 | €4,740 | ▲ 4.5% |
| Amounts payable within one year42/48 | €6,671 | €10,845 | €5,303 | €4,537 | €4,740 | ▲ 4.5% |
| Trade debts44 | €1,437 | €1,593 | €66 | €188 | €188 | = |
| Suppliers440/4 | €1,437 | €1,593 | €66 | €188 | €188 | = |
| Taxes, remuneration and social security45 | €5,234 | €9,252 | €5,237 | €4,349 | €4,552 | ▲ 4.7% |
| Taxes450/3 | €5,234 | €5,422 | €5,237 | €4,349 | €4,552 | ▲ 4.7% |
| Remuneration and social security454/9 | €0 | €3,830 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,693 | €20,021 | €23,217 | €12,643 | €14,687 | ▲ 16.2% |
| + Depreciation and write-downs630 | €5,017 | €4,524 | €8,096 | €8,421 | €8,420 | = |
| Operating cash flow (approximation) | €28,710 | €24,545 | €31,313 | €21,064 | €23,107 | ▲ 9.7% |
| Investment in fixed assets (approximation) | - | €0 | -€44,493 | €0 | €0 | - |
| Change in cash | - | €42,733 | -€331,367 | -€14,345 | €7,408 | ▲ 152% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €12,643 ▼45.5%
Net result drops to €12,643, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 60.04
Current ratio from 29.71 to 60.04; short-term debt falls from €12,717 to €6,671.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 16 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 17 days late
2019
31-12
Financial
Highest result since 2018net €39,255 ▲142%
Operating result €54,744, net result €39,255, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
15-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 15 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
Financial milestoneNBB 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.
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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, Middelkerke · 1 establishment unit since 2008
Ground area
693 m²
Building footprint
192 m²
Volume, LiDAR
1,002 m³
Parcel 35022A0133/00Z000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hofstraat 60, 8434 Middelkerke
since 20082.173.282.921
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0133/00Z000 | Flanders | 693 m² | 1 · 191 m² | 8.5 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 82,642 companies in sector 70200 we hold annual accounts for 52,589. 36,583 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
Founded04-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806136514
Also
9925:BE0806136514
Registered
10-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.