PATRICK SALES (0444.549.515): financials and annual accounts

PATRICK SALES

Heist-op-den-Berg ·KBO/BCE: BE 0444.549.515

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	289,568	285,428	280,569	270,125	174,261	151,268	215,564	238,854	223,756	235,147	257,919	223,508	214,000	235,264	222,116	232,135	284,203	162,179	190,062	215,542
Fixed assets`21/28`	75,664	107,355	134,848	97,565	66,529	90,406	94,792	106,570	87,081	111,591	138,488	154,453	145,835	164,767	158,004	191,909	230,127	131,635	144,332	182,527
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	130	260	390	520	-	-	-	-
Tangible fixed assets`22/27`	74,425	106,116	133,608	96,325	65,290	89,031	93,393	105,171	85,681	110,191	137,223	153,189	144,441	163,242	156,350	190,125	228,862	130,371	143,068	181,262
Plant, machinery and equipment`23`	16,872	21,568	18,956	11,022	13,733	22,265	27,045	21,569	20,823	32,079	30,906	33,089	39,308	24,911	38,656	38,912	47,396	38,481	31,834	42,632
Furniture and vehicles`24`	34,859	55,437	76,437	55,700	16,110	26,296	33,859	43,674	15,571	25,664	43,593	61,561	30,256	46,617	31,714	48,741	66,652	25,321	39,988	58,179
Other tangible fixed assets`26`	22,694	29,111	38,215	29,604	35,446	40,471	32,489	39,928	49,288	52,448	62,724	58,539	74,878	91,714	85,980	102,472	114,814	66,279	69,915	77,358
Financial fixed assets`28`	1,239	1,239	1,239	1,239	1,239	1,374	1,399	1,399	1,399	1,399	1,264	1,264	1,264	1,264	1,264	1,264	1,264	1,264	1,264	1,264
Current assets`29/58`	213,903	178,072	145,721	172,560	107,732	60,863	120,772	132,284	136,675	123,556	119,431	69,055	68,164	70,497	64,111	40,225	54,076	30,544	45,729	33,016
Stocks and contracts in progress`3`	51,823	46,870	60,348	68,771	32,356	37,071	46,652	59,246	64,522	61,147	57,958	25,420	27,840	33,578	21,778	18,717	21,170	21,520	19,695	7,957
Stocks`30/36`	51,823	46,870	60,348	68,771	32,356	37,071	46,652	59,246	64,522	61,147	57,958	25,420	27,840	33,578	21,778	18,717	21,170	21,520	19,695	7,957
Amounts receivable within one year`40/41`	23,881	13,526	14,843	6,023	12,114	3,827	13,561	23,468	18,314	15,681	10,571	14,171	5,690	6,471	7,261	10,579	16,211	6,604	10,725	15,079
Trade receivables`40`	18,605	4,214	7,690	3,258	9,913	1,881	10,386	14,509	8,385	7,642	8,091	6,085	3,602	4,414	2,762	5,402	11,011	508	1,879	1,808
Other amounts receivable`41`	5,276	9,312	7,154	2,765	2,201	1,946	3,175	8,959	9,929	8,039	2,480	8,086	2,088	2,057	4,499	5,177	5,200	6,096	8,846	13,271
Current investments`50/53`	75,334	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	53,285	104,669	51,340	88,974	52,966	17,235	52,684	37,074	45,564	32,172	43,027	17,841	26,760	22,574	27,948	638	4,628	342	13,665	7,590
Deferred charges and accrued income`490/1`	9,580	13,007	19,190	8,792	10,296	2,730	7,875	12,496	8,275	14,557	7,875	11,622	7,875	7,875	7,125	10,291	12,067	2,078	1,644	2,389
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	289,568	285,428	280,569	270,125	174,261	151,268	215,564	238,854	223,756	235,147	257,919	223,508	214,000	235,264	222,116	232,135	284,203	162,179	190,062	215,542
Equity`10/15`	244,120	231,139	221,918	202,073	129,174	51,511	105,999	80,335	85,823	92,762	94,604	80,552	90,220	81,473	66,944	19,877	31,113	56,184	58,734	54,523
Contributions`10/11`	43,600	43,600	43,600	43,600	43,600	43,600	43,600	43,600	43,600	43,600	43,600	43,600	43,600	43,600	43,600	18,592	18,592	18,592	18,592	18,592
Issued capital`100`	-	-	-	-	-	-	43,600	43,600	43,600	43,600	43,600	43,600	43,600	43,600	43,600	18,592	18,592	18,592	18,592	18,592
Reserves`13`	132,242	140,397	131,647	91,647	51,647	51,647	51,647	50,647	50,647	50,647	50,647	41,643	41,643	40,142	40,142	40,142	40,142	40,142	40,142	36,344
Non-distributable reserves`130/1`	4,360	4,360	4,360	4,360	4,360	4,360	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	4,360	3,360	3,360	3,360	3,360	3,360	3,360	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Reserves not available under the articles`1311`	4,360	4,360	4,360	4,360	4,360	4,360	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	127,882	136,037	127,287	87,287	47,287	47,287	47,287	47,287	47,287	47,287	47,287	38,283	38,283	38,283	38,283	38,283	38,283	38,283	38,283	34,485
Profit (loss) carried forward`14`	68,277	47,143	46,672	66,826	33,927	-43,736	10,752	-13,912	-8,424	-1,484	357	-4,691	4,977	-2,269	-16,799	-38,857	-27,621	-2,550	-	-413
Amounts payable`17/49`	45,448	54,288	58,651	68,052	45,088	99,757	109,565	158,520	137,933	142,385	163,315	142,956	123,780	153,791	155,172	212,257	253,089	105,995	131,328	161,019
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	2,797	11,410	-	10,105	43,177	88,836	135,966	569	5,781	37,603
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	2,797	11,410	-	10,105	43,177	88,836	135,966	569	5,781	37,603
Amounts payable within one year`42/48`	44,919	53,221	57,061	66,313	39,570	66,680	105,062	152,164	132,867	136,632	153,591	125,087	118,931	134,694	102,212	119,946	115,456	102,092	123,463	113,833
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	2,797	22,464	14,914	10,105	49,561	45,660	47,130	48,787	12,422	31,822	46,018
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,295	2,118	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,295	2,118	-	-
Trade debts`44`	23,716	14,486	24,621	22,895	4,231	14,238	26,849	38,030	37,111	29,938	25,729	26,102	23,472	10,095	12,767	16,235	10,095	9,843	19,629	14,384
Suppliers`440/4`	23,716	14,486	24,621	22,895	4,231	14,238	26,849	38,030	37,111	29,938	25,729	26,102	23,472	10,095	12,767	16,235	10,095	9,843	19,629	14,384
Taxes, remuneration and social security`45`	13,557	13,885	13,002	21,114	5,442	9,235	37,562	35,916	41,363	50,673	40,701	22,673	32,890	30,190	17,688	25,423	21,687	28,826	35,460	31,205
Taxes`450/3`	2,614	3,917	2,194	9,259	4,495	6,598	11,849	6,600	9,141	12,022	17,437	8,186	13,013	16,249	3,279	12,112	10,855	8,764	6,033	7,688
Remuneration and social security`454/9`	10,943	9,968	10,808	11,856	947	2,637	25,713	29,316	32,222	38,651	23,265	14,487	19,878	13,941	14,409	13,310	10,833	20,062	29,427	23,517
Other amounts payable`47/48`	7,646	24,850	19,438	22,303	29,898	43,207	40,651	78,218	54,393	53,224	64,697	61,398	52,463	44,848	26,098	31,158	32,592	48,882	36,553	22,225
Accrued charges and deferred income`492/3`	529	1,067	1,590	1,739	5,518	33,077	4,503	6,355	5,067	5,753	6,927	6,458	4,849	8,992	9,783	3,475	1,667	3,333	2,083	9,583
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	545,000	516,416	-	-	-	-	-
Non-recurring operating income`76A`	-	-	-	-	1,000	826	6,306	8,008	600	-	-	850	702	9,608	-	-	16,820	11,636	1,145	1,180
Gross operating margin`9900`	144,076	184,561	179,946	202,921	137,715	19,600	274,744	260,363	295,015	279,659	198,623	156,493	171,792	161,023	158,917	144,904	135,302	148,796	166,183	145,689
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	395,775	366,395	-	-	-	-	-
Remuneration, social security and pensions`62`	80,811	99,301	102,021	82,243	25,116	42,471	203,761	227,964	240,208	208,915	101,911	105,164	85,248	73,501	68,086	87,709	99,060	87,361	93,381	74,589
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	35,191	36,711	39,179	36,000	30,136	30,013	27,321	34,627	49,565	58,878	54,207	46,544	53,776	61,501	50,978	53,380	63,411	67,676	58,551	61,950
Other operating charges`640/8`	7,462	8,333	8,959	5,677	2,717	4,319	7,065	6,860	7,612	7,078	6,652	8,571	8,310	9,197	8,404	6,163	5,106	3,436	3,703	5,864
Non-recurring operating charges`66A`	-	-	522	-	-	-	-	248	-	-	5,546	2,525	-	-	3,633	-	-	-	-	-
Operating profit (loss)`9901`	20,612	40,216	29,265	79,001	79,746	-57,202	36,597	-9,335	-2,369	4,788	35,853	-3,786	24,459	16,824	31,448	-2,349	-32,275	-9,676	10,549	3,285
Financial income`75/76B`	477	0	6	33	6	2	45	8,270	600	95	35	50	355	84	81	90	36	67	94	64
Recurring financial income`75`	477	0	6	33	6	2	45	262	0	95	35	50	355	84	81	90	36	67	94	64
Non-recurring financial income`76B`	-	-	-	-	-	-	-	8,008	600	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	1,445	1,960	2,927	2,135	2,089	2,387	3,289	4,423	4,322	3,915	5,546	4,113	4,897	6,547	5,142	8,977	9,593	4,048	5,391	5,689
Recurring financial charges`65`	1,445	1,960	2,927	2,135	2,089	2,387	3,289	4,423	4,322	3,915	5,546	4,113	4,897	6,547	5,142	8,977	9,593	4,048	5,391	5,689
Profit (loss) for the period before taxes`9903`	19,644	38,255	26,344	76,899	77,663	-59,587	33,354	-5,488	-6,091	968	24,797	-9,523	20,618	19,968	22,754	-11,236	-25,012	-2,021	6,397	-1,159
Income taxes`67/77`	6,664	12,784	6,498	4,000	-	-5,099	7,689	-0	849	2,809	10,745	145	6,871	5,439	696	-	60	529	2,186	320
Profit (loss) for the period`9904`	12,980	25,471	19,846	72,899	77,663	-54,488	25,664	-5,488	-6,940	-1,841	14,052	-9,668	13,747	14,529	22,059	-11,236	-25,071	-2,550	4,211	-1,480
Profit (loss) for the period to be appropriated`9905`	12,980	25,471	19,846	72,899	77,663	-54,488	25,664	-5,488	-6,940	-1,841	14,052	-9,668	13,747	14,529	22,059	-11,236	-25,071	-2,550	4,211	-1,480
Appropriation of the result
Profit (loss) to be appropriated`9906`	80,277	72,143	86,672	106,826	33,927	-43,736	11,752	-13,912	-8,424	-1,484	9,361	-4,691	11,478	-2,269	-16,799	-38,857	-27,621	-2,550	3,798	-413
Profit (loss) brought forward from the previous period`14P`	67,297	46,672	66,826	33,927	-43,736	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	16,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	12,000	25,000	40,000	40,000	-	-	1,000	-	-	-	9,004	-	1,501	-	-	-	-	-	3,798	-
To the legal reserve`6920`	-	-	-	-	-	-	1,000	-	-	-	-	-	1,501	-	-	-	-	-	-	-
To other reserves`6921`	12,000	25,000	40,000	40,000	-	-	-	-	-	-	9,004	-	-	-	-	-	-	-	3,798	-
Profit to be distributed`694/7`	-	16,250	-	-	-	-	-	-	-	-	-	-	5,000	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	16,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	-	-	-	-	-	5,000	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	1.9	4.5	3.3	3.3	0.2	3.1	9.1	10.1	10.7	9.6	5.2	4.6	4.1	4	4.5	3.9	4.8	5.1	9.5	10.8
Hours worked`1013`	4,045	6,581	7,888	7,113	2,260	2,309	10,504	12,002	12,709	10,927	4,777	4,677	3,407	3,150	3,333	4,181	4,936	5,414	5,324	4,506
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	18-06-2026	2026-00177661	PDF
31-12-2024	abbreviated format	23-06-2025	2025-00177664	PDF
31-12-2023	abbreviated format	28-06-2024	2024-00191850	PDF
31-12-2022	abbreviated format	29-06-2023	2023-00185350	PDF
31-12-2021	abbreviated format	27-06-2022	2022-20140406	PDF
31-12-2020	abbreviated format	25-06-2021	2021-24800051	PDF
31-12-2019	abbreviated format	10-07-2020	2020-29700130	PDF
31-12-2018	abbreviated format	20-06-2019	2019-20300585	PDF
31-12-2017	abbreviated format	29-06-2018	2018-25400199	PDF
31-12-2016	abbreviated format	29-06-2017	2017-23600077	PDF
31-12-2015	abbreviated format	04-07-2016	2016-26800049	PDF
31-12-2014	abbreviated format	16-06-2015	2015-18000187	PDF
31-12-2013	abbreviated format	25-06-2014	2014-21800577	PDF
31-12-2012	abbreviated format	09-07-2013	2013-28900181	PDF
31-12-2011	abbreviated format	30-08-2012	2012-53600036	PDF
31-12-2010	abbreviated format	25-07-2011	2011-32200025	PDF
31-12-2009	abbreviated format	26-07-2010	2010-33400203	PDF
31-12-2008	abbreviated format	19-06-2009	2009-24700300	PDF
31-12-2007	abbreviated format	02-06-2008	2008-17100294	PDF
31-12-2006	abbreviated format	25-05-2007	2007-15700282	PDF
31-12-2005	abbreviated format	23-05-2006	2006-16301266	PDF
31-12-2004	abbreviated format	31-05-2005	2005-18701655	PDF
31-12-2003	abbreviated format	14-06-2004	2004-24201271	PDF
31-12-2002	abbreviated format	08-07-2003	2003-41202080	PDF
31-12-2001	abbreviated format	30-07-2002	2002-44001525	PDF
31-12-2000	abbreviated format	02-07-2001	2001-31700905	PDF
31-12-1999	abbreviated format	14-06-2000	2000-21801715	PDF
31-12-1998	abbreviated format	11-06-1999	1999-17301575	PDF
31-12-1997	abbreviated format	15-06-1998	1998-17500706	PDF
31-12-1996	abbreviated format	12-06-1997	1997-14804354	PDF
31-12-1995	abbreviated format	10-06-1996	1996-14500001	PDF
31-12-1994	abbreviated format	29-06-1995	1995-32004226	PDF
31-12-1993	abbreviated format	20-06-1994	1994-17100982	PDF
31-12-1992	abbreviated format	09-07-1993	1993-25002261	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	55,803	76,927	68,444	115,001	109,882	-27,190	63,918	25,292	47,196	63,665	90,060	42,758	78,234	78,325	82,426	51,031	31,136	57,999	69,100	65,235
Cash flow	48,171	62,182	59,024	108,900	107,799	-24,476	52,985	29,139	42,625	57,036	68,259	36,876	67,523	76,031	73,036	42,144	38,340	65,126	62,762	60,470
Investment in fixed assets	3,500	9,219	77,042	67,036	6,395	25,651	15,543	67,942	23,240	31,981	43,787	60,687	34,845	68,263	27,206	15,163	161,903	54,978	20,357	45,085
Change in cash	-51,384	53,329	-37,633	36,008	35,732	-35,450	15,611	-8,490	13,392	-10,855	25,186	-8,919	4,186	-5,375	27,311	-3,990	4,286	-13,323	6,076	-
Working capital	168,985	124,851	88,661	106,247	68,162	-5,817	15,709	-19,880	3,809	-13,075	-34,160	-56,033	-50,766	-64,197	-38,100	-79,721	-61,380	-71,548	-77,734	-80,817
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	3.1%	6.1%	-	-	-	-	-
Solvency	84.3%	81.0%	79.1%	74.8%	74.1%	34.1%	49.2%	33.6%	38.4%	39.4%	36.7%	36.0%	42.2%	34.6%	30.1%	8.6%	10.9%	34.6%	30.9%	25.3%
Current ratio	4.76	3.35	2.55	2.60	2.72	0.91	1.15	0.87	1.03	0.90	0.78	0.55	0.57	0.52	0.63	0.34	0.47	0.30	0.37	0.29
Quick ratio	3.61	2.47	1.50	1.57	1.90	0.36	0.71	0.48	0.54	0.46	0.40	0.35	0.34	0.27	0.41	0.18	0.29	0.09	0.21	0.22
Debt to equity	0.19	0.23	0.26	0.34	0.35	1.94	1.03	1.97	1.61	1.53	1.73	1.77	1.37	1.89	2.32	10.68	8.13	1.89	2.24	2.95
ROE	5.3%	11.0%	8.9%	36.1%	60.1%	-105.8%	24.2%	-6.8%	-8.1%	-2.0%	14.9%	-12.0%	15.2%	17.8%	33.0%	-56.5%	-80.6%	-4.5%	7.2%	-2.7%
ROA	4.5%	8.9%	7.1%	27.0%	44.6%	-36.0%	11.9%	-2.3%	-3.1%	-0.8%	5.4%	-4.3%	6.4%	6.2%	9.9%	-4.8%	-8.8%	-1.6%	2.2%	-0.7%
Interest coverage	38.61	39.24	23.38	53.87	52.60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	3 days	2 days	-	-	-	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	9 days	13 days	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	15	22	20	24	-
full-time	15	22	20	24	-
in full-time equivalents	15	22	20	24	-
Average over the year, in full-time equivalents	1.9	4.5	3.3	3.3	0.2
On a permanent contract	-	21	18	23	-
Joined	698	866	1,038	936	297
Left	683	864	1,042	912	298

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€3,500	€9,219	€77,042	€67,036	€6,395
Depreciation and write-downs of the year	€35,191	€36,711	€39,179	€36,000	€30,136

PATRICK SALES

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency84.3%

Current ratio4.76

Return on assets4.5%

Staff

Staff cost per FTE€42,532

Joined and left+15

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022, 2 entries, €27,845 awarded, €27,845 paid

Key figures and ratios

Social balance sheet

Investments

Insights on PATRICK SALES

Next steps