PATRICK SALES
ActiveSummary
PATRICK SALES has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €231,139 and a net result of €25,471. Equity is growing by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 93% of 2937 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 3.35 against 2.55 in 2023; short-term debt: 18.6% and cash: 36.7% of total assets), and 19% 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+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
33 d early
2022
32 d early
2021
34 d early
2020
36 d early
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#6 company by equity in Heist-op-den-Berg, Accommodation and food service sector#6 oldest company in Heist-op-den-Berg, Accommodation and food service sector
Equity
€231,139▲ 4.2%
2023 · €221,918
Total assets
€285,428▲ 1.7%
2023 · €280,569
Net result
€25,471▲ 28.3%
2023 · €19,846
Working capital
€124,851▲ 40.8%
2023 · €88,661
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20202021202220232024
Operating result-€57,202€79,746€79,001▼ 0.9%€29,265▼ 63.0%€40,216▲ 37.4%
Net result-€54,488below the sector's middle half€77,663within the sector's middle half€72,899within the sector's middle half▼ 6.1%€19,846within the sector's middle half▼ 72.8%€25,471within the sector's middle half▲ 28.3%
Equity€51,511within the sector's middle half▼ 51.4%€129,174within the sector's middle half▲ 151%€202,073within the sector's middle half▲ 56.4%€221,918within the sector's middle half▲ 9.8%€231,139within the sector's middle half▲ 4.2%
Total assets€151,268within the sector's middle half▼ 29.8%€174,261within the sector's middle half▲ 15.2%€270,125within the sector's middle half▲ 55.0%€280,569within the sector's middle half▲ 3.9%€285,428within the sector's middle half▲ 1.7%
Debt€99,757▼ 9.0%€45,088▼ 54.8%€68,052▲ 50.9%€58,651▼ 13.8%€54,288▼ 7.4%
Working capital-€5,817€68,162€106,247▲ 55.9%€88,661▼ 16.6%€124,851▲ 40.8%
Solvency34.1%within the sector's middle half▼ 15.1pp74.1%above the sector's middle half▲ 40.1pp74.8%above the sector's middle half▲ 0.7pp79.1%above the sector's middle half▲ 4.3pp81.0%above the sector's middle half▲ 1.9pp
Staff (FTE)3.1within the sector's middle half▼ 65.9%0.2below the sector's middle half▼ 93.5%3.3within the sector's middle half▲ 1,550%3.3within the sector's middle half=4.5within the sector's middle half▲ 36.4%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 2024; 2024 is 37% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €285,428
Fixed assets
€107,355 ▼ 20.4%
Current assets
€178,072 ▲ 22.2%
Equity and liabilities €285,428
Equity
€231,139 ▲ 4.2%
Debt
€54,288 ▼ 7.4%
Debt's share of the balance-sheet total falls from 20.9% to 19.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€76,927▲
2023 · €68,444
Cash flow
€62,182▲
2023 · €59,024
Current ratio
3.35▲
2023 · 2.55
Quick ratio
2.47▲
2023 · 1.50
Debt to equity
0.23▼
2023 · 0.26
ROE
11.0%▲
2023 · 8.9%
ROA
8.9%▲
2023 · 7.1%
Interest coverage
39.24▲
2023 · 23.38
Debt ≤ 1 year
€53,221▼
2023 · €57,061
Income taxes
€12,784▲
2023 · €6,498
Staff costs
€99,301▼
2023 · €102,021
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.5% 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 31,349 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,000 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €25,116 | €82,243 | €102,021 | €99,301 | ▼ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,013 | €30,136 | €36,000 | €39,179 | €36,711 | ▼ 6.3% |
| Other operating charges640/8 | - | €2,717 | €5,677 | €8,959 | €8,333 | ▼ 7.0% |
| Non-recurring operating charges66A | - | - | - | €522 | - | - |
| Gross operating margin9900 | €19,600 | €137,715 | €202,921 | €179,946 | €184,561 | ▲ 2.6% |
| Operating profit (loss)9901 | -€57,202 | €79,746 | €79,001 | €29,265 | €40,216 | ▲ 37.4% |
| Financial income75/76B | - | €6 | €33 | €6 | €0 | ▼ 98.4% |
| Recurring financial income75 | €2 | €6 | €33 | €6 | €0 | ▼ 98.4% |
| Financial charges65/66B | - | €2,089 | €2,135 | €2,927 | €1,960 | ▼ 33.0% |
| Recurring financial charges65 | €2,387 | €2,089 | €2,135 | €2,927 | €1,960 | ▼ 33.0% |
| Profit (loss) for the period before taxes9903 | -€59,587 | €77,663 | €76,899 | €26,344 | €38,255 | ▲ 45.2% |
| Income taxes67/77 | -€5,099 | - | €4,000 | €6,498 | €12,784 | ▲ 96.7% |
| Profit (loss) for the period9904 | -€54,488 | €77,663 | €72,899 | €19,846 | €25,471 | ▲ 28.3% |
| Profit (loss) for the period to be appropriated9905 | -€54,488 | €77,663 | €72,899 | €19,846 | €25,471 | ▲ 28.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €151,268 | €174,261 | €270,125 | €280,569 | €285,428 | ▲ 1.7% |
| Fixed assets21/28 | €90,406 | €66,529 | €97,565 | €134,848 | €107,355 | ▼ 20.4% |
| Tangible fixed assets22/27 | €89,031 | €65,290 | €96,325 | €133,608 | €106,116 | ▼ 20.6% |
| Plant, machinery and equipment23 | - | €13,733 | €11,022 | €18,956 | €21,568 | ▲ 13.8% |
| Furniture and vehicles24 | - | €16,110 | €55,700 | €76,437 | €55,437 | ▼ 27.5% |
| Other tangible fixed assets26 | - | €35,446 | €29,604 | €38,215 | €29,111 | ▼ 23.8% |
| Financial fixed assets28 | €1,374 | €1,239 | €1,239 | €1,239 | €1,239 | = |
| Current assets29/58 | €60,863 | €107,732 | €172,560 | €145,721 | €178,072 | ▲ 22.2% |
| Stocks and contracts in progress3 | €37,071 | €32,356 | €68,771 | €60,348 | €46,870 | ▼ 22.3% |
| Stocks30/36 | - | €32,356 | €68,771 | €60,348 | €46,870 | ▼ 22.3% |
| Amounts receivable within one year40/41 | €3,827 | €12,114 | €6,023 | €14,843 | €13,526 | ▼ 8.9% |
| Trade receivables40 | - | €9,913 | €3,258 | €7,690 | €4,214 | ▼ 45.2% |
| Other amounts receivable41 | - | €2,201 | €2,765 | €7,154 | €9,312 | ▲ 30.2% |
| Cash at bank and in hand54/58 | €17,235 | €52,966 | €88,974 | €51,340 | €104,669 | ▲ 104% |
| Deferred charges and accrued income490/1 | - | €10,296 | €8,792 | €19,190 | €13,007 | ▼ 32.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €151,268 | €174,261 | €270,125 | €280,569 | €285,428 | ▲ 1.7% |
| Equity10/15 | €51,511 | €129,174 | €202,073 | €221,918 | €231,139 | ▲ 4.2% |
| Contributions10/11 | - | €43,600 | €43,600 | €43,600 | €43,600 | = |
| Reserves13 | €51,647 | €51,647 | €91,647 | €131,647 | €140,397 | ▲ 6.6% |
| Non-distributable reserves130/1 | - | €4,360 | €4,360 | €4,360 | €4,360 | = |
| Reserves not available under the articles1311 | - | €4,360 | €4,360 | €4,360 | €4,360 | = |
| Distributable reserves133 | - | €47,287 | €87,287 | €127,287 | €136,037 | ▲ 6.9% |
| Profit (loss) carried forward14 | -€43,736 | €33,927 | €66,826 | €46,672 | €47,143 | ▲ 1.0% |
| Amounts payable17/49 | €99,757 | €45,088 | €68,052 | €58,651 | €54,288 | ▼ 7.4% |
| Amounts payable within one year42/48 | €66,680 | €39,570 | €66,313 | €57,061 | €53,221 | ▼ 6.7% |
| Trade debts44 | €14,238 | €4,231 | €22,895 | €24,621 | €14,486 | ▼ 41.2% |
| Suppliers440/4 | - | €4,231 | €22,895 | €24,621 | €14,486 | ▼ 41.2% |
| Taxes, remuneration and social security45 | - | €5,442 | €21,114 | €13,002 | €13,885 | ▲ 6.8% |
| Taxes450/3 | - | €4,495 | €9,259 | €2,194 | €3,917 | ▲ 78.5% |
| Remuneration and social security454/9 | - | €947 | €11,856 | €10,808 | €9,968 | ▼ 7.8% |
| Other amounts payable47/48 | - | €29,898 | €22,303 | €19,438 | €24,850 | ▲ 27.8% |
| Accrued charges and deferred income492/3 | - | €5,518 | €1,739 | €1,590 | €1,067 | ▼ 32.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€54,488 | €77,663 | €72,899 | €19,846 | €25,471 | ▲ 28.3% |
| + Depreciation and write-downs630 | €30,013 | €30,136 | €36,000 | €39,179 | €36,711 | ▼ 6.3% |
| Operating cash flow (approximation) | -€24,476 | €107,799 | €108,900 | €59,024 | €62,182 | ▲ 5.4% |
| Investment in fixed assets (approximation) | - | -€6,260 | -€67,036 | -€76,462 | -€9,219 | ▲ 87.9% |
| Change in cash | - | €35,732 | €36,008 | -€37,633 | €53,329 | ▲ 242% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200,000Eq €202,073 ▲56.4%
2 profitable years in a row build equity to €202,073.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €77,663
Net result €77,663 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.72
Current ratio from 0.91 to 2.72; short-term debt falls from €66,680 to €39,570.
31-12
Financial
Equity above €100,000Eq €129,174 ▲151%
Equity rises from €51,511 to €129,174.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€54,488
Net result drops to -€54,488, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €25,664
Net result €25,664 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €100,000Eq €105,999 ▲31.9%
Equity rises from €80,335 to €105,999.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Heist-op-den-Berg · 2 establishment units since 1996
Ground area
1.3 ha
Building footprint
1,025 m²
Volume, LiDAR
4,672 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
PATRICK SALES
since 19962.053.505.044
MILLENNIUM
since 19982.053.505.143
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13013A0035/00R002 | Flanders | 7,483 m² | 1 · 678 m² | 5.9 m · 1 fl. |
| 12033C0376/00C000 | Flanders | 5,702 m² | 1 · 347 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 · 2 entries · 27,845 EUR awarded · 27,845 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 27,845 EUR | 27,845 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteHerselt2.053.505.143
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FORUM D'ORTHO
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DE HOEVE
BE 0449.801.569
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Of 333 companies in sector 56302 we hold annual accounts for 169. 116 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
Founded25-06-1991
Fiscal year end31-12
Activities, NACEBEL 2025
56302Nightclubs
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46494Wholesale of non-electrical household articles
46499Wholesale of other household goods
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444549515
Also
9925:BE0444549515
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.