PATRICK PIRARD
ActiveSummary
PATRICK PIRARD has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,434 and a net result of €58,740. Equity is growing by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 22% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+86
Solvency45▲+17
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.82 in 2024; short-term debt: 52.9% and cash: 17.9% of total assets), and 79.5% 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 · 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 2025Solvency, return and age of the figures
Solvency
20.5%
Return on assets
18.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
30 d late
2022
18 d late
2021
31 d late
2020
51 d late
2019
94 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 40 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 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€848,941
EBIT margin
-0.4%
Net result
€58,740
2024 · -€24,199
Working capital
-€10,034▲ 67.3%
2024 · -€30,730
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
Turnover
Operating result€177,118▲ 222%€16,179▼ 90.9%-€59,259-€16,003▲ 73.0%€76,526
Net result€131,870above the sector's middle half▲ 271%€6,715within the sector's middle half▼ 94.9%-€63,804below the sector's middle half-€24,199below the sector's middle half▲ 62.1%€58,740above the sector's middle half
EBIT margin
Equity€87,982within the sector's middle half€94,697within the sector's middle half▲ 7.6%€30,893within the sector's middle half▼ 67.4%€6,694below the sector's middle half▼ 78.3%€65,434within the sector's middle half▲ 877%
Total assets€302,226above the sector's middle half▲ 152%€252,463within the sector's middle half▼ 16.5%€193,590within the sector's middle half▼ 23.3%€230,908within the sector's middle half▲ 19.3%€319,920above the sector's middle half▲ 38.5%
Debt€214,243▲ 35.1%€157,765▼ 26.4%€162,697▲ 3.1%€224,214▲ 37.8%€254,486▲ 13.5%
Working capital€65,463within the sector's middle half€53,561within the sector's middle half▼ 18.2%-€2,669below the sector's middle half-€30,730below the sector's middle half▼ 1,051%-€10,034below the sector's middle half▲ 67.3%
Solvency29.1%within the sector's middle half▲ 61.6pp37.5%within the sector's middle half▲ 8.4pp16.0%below the sector's middle half▼ 21.6pp2.9%below the sector's middle half▼ 13.1pp20.5%below the sector's middle half▲ 17.6pp
Current ratio1.32within the sector's middle half▲ 0.601.34within the sector's middle half▲ 0.020.98below the sector's middle half▼ 0.360.82below the sector's middle half▼ 0.160.94below the sector's middle half▲ 0.12
Return on assets (ROA)43.6%above the sector's middle half▲ 14.0pp2.7%within the sector's middle half▼ 41.0pp-33.0%below the sector's middle half▼ 35.6pp-10.5%below the sector's middle half▲ 22.5pp18.4%above the sector's middle half▲ 28.8pp
Staff (FTE)8.1=7.5▼ 7.4%7.3▼ 2.7%6.5▼ 11.0%6.5=
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
The operating result returns to profit in 2025: €76,526 after a loss of €16,003 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €319,920
Fixed assets
€160,744 ▲ 76.2%
Current assets
€159,176 ▲ 13.9%
Equity and liabilities €319,920
Equity
€65,434 ▲ 877%
Debt
€254,486 ▲ 13.5%
Debt's share of the balance-sheet total falls from 97.1% to 79.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€107,025▲
2024 · -€2,606
Cash flow
€89,238▲
2024 · -€10,802
Quick ratio
0.63▼
2024 · 0.63
Debt to equity
3.89▼
2024 · 33.49
ROE
89.8%▲
2024 · -361.5%
Interest coverage
8.30▲
2024 · -0.29
Debt ≤ 1 year
€169,209▼
2024 · €170,419
Debt > 1 year
€85,277▲
2024 · €53,795
Income taxes
€5,863▲
2024 · €417
Staff costs
€331,393▲
2024 · €315,650
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,053 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 | €41 | - | €1,000 | €2,645 | €18,135 | ▲ 586% |
| Remuneration, social security and pensions62 | €304,547 | €346,340 | €346,080 | €315,650 | €331,393 | ▲ 5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,703 | €10,304 | €10,171 | €13,398 | €30,499 | ▲ 128% |
| Other operating charges640/8 | €10,788 | €2,632 | €3,796 | €4,405 | €7,457 | ▲ 69.3% |
| Non-recurring operating charges66A | - | - | €5,486 | €0 | - | - |
| Gross operating margin9900 | €501,156 | €375,456 | €306,275 | €317,449 | €445,875 | ▲ 40.5% |
| Operating profit (loss)9901 | €177,118 | €16,179 | -€59,259 | -€16,003 | €76,526 | ▲ 578% |
| Financial income75/76B | €8,852 | €2,112 | €3,502 | €1,092 | €977 | ▼ 10.6% |
| Recurring financial income75 | €8,852 | €2,112 | €3,502 | €1,092 | €977 | ▼ 10.6% |
| Financial charges65/66B | €11,646 | €6,469 | €7,600 | €8,871 | €12,901 | ▲ 45.4% |
| Recurring financial charges65 | €5,713 | €6,469 | €7,600 | €8,871 | €12,901 | ▲ 45.4% |
| Non-recurring financial charges66B | €5,934 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €174,324 | €11,823 | -€63,357 | -€23,782 | €64,603 | ▲ 372% |
| Income taxes67/77 | €42,454 | €5,108 | €447 | €417 | €5,863 | ▲ 1,307% |
| Profit (loss) for the period9904 | €131,870 | €6,715 | -€63,804 | -€24,199 | €58,740 | ▲ 343% |
| Profit (loss) for the period to be appropriated9905 | €131,870 | €6,715 | -€63,804 | -€24,199 | €58,740 | ▲ 343% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €302,226 | €252,463 | €193,590 | €230,908 | €319,920 | ▲ 38.5% |
| Fixed assets21/28 | €30,945 | €41,137 | €47,498 | €91,219 | €160,744 | ▲ 76.2% |
| Tangible fixed assets22/27 | €30,945 | €41,137 | €47,498 | €91,219 | €160,744 | ▲ 76.2% |
| Plant, machinery and equipment23 | €2,380 | €8,944 | €14,519 | €15,462 | €11,808 | ▼ 23.6% |
| Furniture and vehicles24 | €28,565 | €32,193 | €12,645 | €8,636 | €7,773 | ▼ 10.0% |
| Leasing and similar rights25 | - | - | €20,334 | €45,407 | €76,673 | ▲ 68.9% |
| Other tangible fixed assets26 | - | - | - | €21,714 | €64,491 | ▲ 197% |
| Current assets29/58 | €271,280 | €211,326 | €146,092 | €139,689 | €159,176 | ▲ 13.9% |
| Stocks and contracts in progress3 | €17,830 | €12,015 | €32,572 | €32,572 | €53,291 | ▲ 63.6% |
| Stocks30/36 | €17,830 | €12,015 | €32,572 | €32,572 | €53,291 | ▲ 63.6% |
| Amounts receivable within one year40/41 | €99,287 | €52,256 | €59,550 | €43,000 | €42,090 | ▼ 2.1% |
| Trade receivables40 | €71,914 | €37,500 | €42,562 | €37,263 | €37,952 | ▲ 1.8% |
| Other amounts receivable41 | €27,373 | €14,757 | €16,988 | €5,737 | €4,138 | ▼ 27.9% |
| Cash at bank and in hand54/58 | €150,665 | €147,055 | €49,238 | €62,793 | €57,380 | ▼ 8.6% |
| Deferred charges and accrued income490/1 | €3,498 | - | €4,732 | €1,324 | €6,415 | ▲ 385% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €302,226 | €252,463 | €193,590 | €230,908 | €319,920 | ▲ 38.5% |
| Equity10/15 | €87,982 | €94,697 | €30,893 | €6,694 | €65,434 | ▲ 877% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €69,382 | €76,097 | €12,293 | -€11,906 | €46,834 | ▲ 493% |
| Amounts payable17/49 | €214,243 | €157,765 | €162,697 | €224,214 | €254,486 | ▲ 13.5% |
| Amounts payable after more than one year17 | €8,426 | - | €13,936 | €53,795 | €85,277 | ▲ 58.5% |
| Financial debts170/4 | €8,426 | - | €13,936 | €53,795 | €85,277 | ▲ 58.5% |
| Amounts payable within one year42/48 | €205,817 | €157,765 | €148,761 | €170,419 | €169,209 | ▼ 0.7% |
| Current portion of amounts payable after more than one year42 | €14,988 | €5,021 | €5,617 | €10,595 | €28,865 | ▲ 172% |
| Financial debts43 | €70,000 | €65,000 | €75,000 | €70,000 | €75,000 | ▲ 7.1% |
| Credit institutions430/8 | €70,000 | €65,000 | €75,000 | €70,000 | €75,000 | ▲ 7.1% |
| Trade debts44 | €61,037 | €41,754 | €46,683 | €28,247 | €48,319 | ▲ 71.1% |
| Suppliers440/4 | €61,037 | €41,754 | €46,683 | €28,247 | €48,319 | ▲ 71.1% |
| Advances received on contracts in progress46 | €443 | €443 | €443 | €35,122 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €59,299 | €45,390 | €20,354 | €26,003 | €16,540 | ▼ 36.4% |
| Taxes450/3 | €44,903 | €32,454 | €659 | €972 | €1,299 | ▲ 33.6% |
| Remuneration and social security454/9 | €14,396 | €12,936 | €19,695 | €25,031 | €15,242 | ▼ 39.1% |
| Other amounts payable47/48 | €51 | €157 | €664 | €451 | €484 | ▲ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €131,870 | €6,715 | -€63,804 | -€24,199 | €58,740 | ▲ 343% |
| + Depreciation and write-downs630 | €8,703 | €10,304 | €10,171 | €13,398 | €30,499 | ▲ 128% |
| Operating cash flow (approximation) | €140,574 | €17,019 | -€53,633 | -€10,802 | €89,238 | ▲ 926% |
| Investment in fixed assets (approximation) | - | -€20,496 | -€16,533 | -€57,119 | -€100,023 | ▼ 75.1% |
| Change in cash | - | -€3,610 | -€97,816 | €13,555 | -€5,414 | ▼ 140% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €58,740
Net result €58,740 after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€63,804
Net result drops to -€63,804, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €131,870 ▲271%
Operating result €177,118, net result €131,870, both a record.
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 94 days late
2019
31-12
Financial
Back to profitnet €2,661
Net result €2,661 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
26-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Aywaille · 1 establishment unit since 2008
Ground area
5,279 m²
Building footprint
271 m²
Volume, LiDAR
1,604 m³
Parcel 61026A0787/00B002, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Wenhister 11, 4920 Aywaille
since 20082.170.997.085
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61026A0787/00B002 | Wallonia | 5,279 m² | 1 · 271 m² | 7.6 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 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,743 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
Founded28-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43410Roofing work
Contact
Phone
04 388 32 95Aywaille
Fax
041 388 13 73Aywaille
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898197234
Also
9925:BE0898197234
Registered
24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.