Patrick & Vasile Construct
ActiveSummary
Patrick & Vasile Construct has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,253 and a net result of €7,859. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 23% of 1000 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+14
Solvency47▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.15 in 2024; short-term debt: 78% and cash: 10.9% of total assets), and 78% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1000 sector peers (2025).
NBB · sector comparisonPosition among 1000 sector peers
Solvency
better than 23%
← 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 18-08-2026, 18 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 · 7 filingsDeviation from the deadline
2025
18 d late
2024
1 d early
2023
23 d late
2022
25 d late
2021
2 d late
2020
32 d early
2019
90 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 18 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7,859▼ 14.9%
2024 · €9,240
Working capital
€6,703▼ 24.2%
2024 · €8,844
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,027▲ 14.5%€11,071▲ 83.7%€9,257▼ 16.4%€13,303▲ 43.7%€11,037▼ 17.0%
Net result€3,985▲ 4.5%€8,831▲ 122%€4,884▼ 44.7%€9,240▲ 89.2%€7,859▼ 14.9%
Equity€15,439▲ 34.8%€24,270▲ 57.2%€17,154▼ 29.3%€11,394▼ 33.6%€9,253▼ 18.8%
Total assets€20,763▲ 3.8%€70,005▲ 237%€74,324▲ 6.2%€72,184▼ 2.9%€41,989▼ 41.8%
Debt€5,324▼ 37.7%€45,735▲ 759%€57,170▲ 25.0%€60,790▲ 6.3%€32,736▼ 46.1%
Working capital€9,914▲ 153%€19,707▲ 98.8%€14,604▼ 25.9%€8,844▼ 39.4%€6,703▼ 24.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,989
Fixed assets
€2,550 =
Current assets
€39,439 ▼ 43.4%
Equity and liabilities €41,989
Equity
€9,253 ▼ 18.8%
Debt
€32,736 ▼ 46.1%
Debt's share of the balance-sheet total falls from 84.2% to 78.0%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.20▲
2024 · 1.15
Debt to equity
3.54▼
2024 · 5.34
ROE
84.9%▲
2024 · 81.1%
ROA
18.7%▲
2024 · 12.8%
Debt ≤ 1 year
€32,736▼
2024 · €60,790
Income taxes
€2,813▼
2024 · €3,350
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,013 | €2,013 | - | - | - | - |
| Other operating charges640/8 | €1,686 | €509 | €112 | - | - | - |
| Gross operating margin9900 | €9,725 | €13,592 | €9,369 | €13,303 | €11,037 | ▼ 17.0% |
| Operating profit (loss)9901 | €6,027 | €11,071 | €9,257 | €13,303 | €11,037 | ▼ 17.0% |
| Financial charges65/66B | €370 | €1,119 | €313 | €713 | €365 | ▼ 48.8% |
| Recurring financial charges65 | €370 | €1,119 | €313 | €713 | €365 | ▼ 48.8% |
| Profit (loss) for the period before taxes9903 | €5,657 | €9,951 | €8,944 | €12,590 | €10,672 | ▼ 15.2% |
| Income taxes67/77 | €1,672 | €1,121 | €4,060 | €3,350 | €2,813 | ▼ 16.0% |
| Profit (loss) for the period9904 | €3,985 | €8,831 | €4,884 | €9,240 | €7,859 | ▼ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €3,985 | €8,831 | €4,884 | €9,240 | €7,859 | ▼ 14.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,763 | €70,005 | €74,324 | €72,184 | €41,989 | ▼ 41.8% |
| Fixed assets21/28 | €5,525 | €4,563 | €2,550 | €2,550 | €2,550 | = |
| Tangible fixed assets22/27 | €4,025 | €2,013 | - | - | - | - |
| Furniture and vehicles24 | €4,025 | €2,013 | - | - | - | - |
| Financial fixed assets28 | €1,500 | €2,550 | €2,550 | €2,550 | €2,550 | = |
| Current assets29/58 | €15,238 | €65,442 | €71,774 | €69,634 | €39,439 | ▼ 43.4% |
| Amounts receivable within one year40/41 | €7,253 | €44,291 | €58,013 | €55,902 | €34,865 | ▼ 37.6% |
| Trade receivables40 | - | €39,600 | €42,600 | €42,600 | €19,175 | ▼ 55.0% |
| Other amounts receivable41 | €7,253 | €4,691 | €15,413 | €13,302 | €15,690 | ▲ 18.0% |
| Cash at bank and in hand54/58 | €7,985 | €21,151 | €13,761 | €13,732 | €4,574 | ▼ 66.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,763 | €70,005 | €74,324 | €72,184 | €41,989 | ▼ 41.8% |
| Equity10/15 | €15,439 | €24,270 | €17,154 | €11,394 | €9,253 | ▼ 18.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €9,239 | €18,070 | €10,954 | €5,194 | €3,053 | ▼ 41.2% |
| Non-distributable reserves130/1 | €620 | €620 | €620 | - | - | - |
| Reserves not available under the articles1311 | €620 | €620 | €620 | - | - | - |
| Distributable reserves133 | €8,619 | €17,450 | €10,334 | €5,194 | €3,053 | ▼ 41.2% |
| Amounts payable17/49 | €5,324 | €45,735 | €57,170 | €60,790 | €32,736 | ▼ 46.1% |
| Amounts payable within one year42/48 | €5,324 | €45,735 | €57,170 | €60,790 | €32,736 | ▼ 46.1% |
| Trade debts44 | €1,939 | €41,438 | €39,789 | €39,835 | €16,589 | ▼ 58.4% |
| Suppliers440/4 | €1,939 | €41,438 | €39,789 | €39,835 | €16,589 | ▼ 58.4% |
| Taxes, remuneration and social security45 | €1,583 | €4,150 | €7,181 | €8,205 | €7,647 | ▼ 6.8% |
| Taxes450/3 | €1,583 | €4,150 | €7,181 | €8,205 | €7,647 | ▼ 6.8% |
| Other amounts payable47/48 | €1,803 | €146 | €10,200 | €12,750 | €8,500 | ▼ 33.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,985 | €8,831 | €4,884 | €9,240 | €7,859 | ▼ 14.9% |
| + Depreciation and write-downs630 | €2,013 | €2,013 | - | - | - | - |
| Operating cash flow (approximation) | €5,997 | €10,843 | €4,884 | €9,240 | €7,859 | ▼ 14.9% |
| Investment in fixed assets (approximation) | - | -€1,050 | €2,013 | €0 | €0 | - |
| Change in cash | - | €13,166 | -€7,390 | -€29 | -€9,158 | ▼ 31,317% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €9,240 ▲89.2%
Operating result €13,303, net result €9,240, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 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, Koekelberg · 1 establishment unit since 2018
Ground area
159 m²
Building footprint
139 m²
Volume, LiDAR
1,919 m³
2 parcels, Brussels · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Generaal Dumonceaulaan 23, 1190 Vorst
since 20182.280.585.410
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0037/00S000 | Brussels | 81 m² | 1 · 64 m² | 18.5 m · 5 fl. |
| 21384D0250/00B008 | Brussels | 78 m² | 1 · 75 m² | 14.2 m · 4 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.
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Of 337 companies in sector 42219 we hold annual accounts for 149. 69 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
Founded26-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
42219Civil engineering
43120Site preparation
43130Specialised construction activities
43230Insulation installation
43350Other building finishing work
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.