PATRIGEMA
ActiveSummary
PATRIGEMA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €296,485 and a net result of -€36,187. Equity is shrinking by ~3.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability16▼-19
Solvency91▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.05 against 27.74 in 2023; short-term debt: 12% and cash: 0.5% of total assets), and 34.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
65.8%
Return on assets
-8%
Age of the figures
21 mo
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
30 d early
2023
22 d late
2022
31 d early
2021
30 d late
2020
33 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 1 July (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€296,485▼ 10.9%
2023 · €332,672
Total assets
€450,590▼ 11.4%
2023 · €508,614
Net result
-€36,187▼ 59.4%
2023 · -€22,700
Working capital
-€51,640
2023 · €25,178
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
Line20202021202220232024
Operating result-€7,039-€10,710▼ 52.1%-€14,423▼ 34.7%-€15,903▼ 10.3%-€23,464▼ 47.5%
Net result-€3,766-€11,677▼ 210%-€15,493▼ 32.7%-€22,700▼ 46.5%-€36,187▼ 59.4%
Equity€382,542▼ 1.0%€370,865▼ 3.1%€355,372▼ 4.2%€332,672▼ 6.4%€296,485▼ 10.9%
Total assets€424,160▼ 3.8%€391,181▼ 7.8%€532,509▲ 36.1%€508,614▼ 4.5%€450,590▼ 11.4%
Debt€41,618▼ 24.0%€20,315▼ 51.2%€177,137▲ 772%€175,942▼ 0.7%€154,105▼ 12.4%
Working capital€68,145▼ 18.3%€20,017▼ 70.6%€21,527▲ 7.5%€25,178▲ 17.0%-€51,640
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,464 in 2024 against €15,903 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €450,590
Fixed assets
€448,124 ▼ 7.1%
Current assets
€2,465 ▼ 90.6%
Equity and liabilities €450,590
Equity
€296,485 ▼ 10.9%
Debt
€154,105 ▼ 12.4%
Debt's share of the balance-sheet total falls from 34.6% to 34.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10,905▼
2023 · €18,424
Cash flow
-€1,818▼
2023 · €11,627
Current ratio
0.05▼
2023 · 27.74
Debt to equity
0.52▼
2023 · 0.53
ROE
-12.2%▼
2023 · -6.8%
ROA
-8.0%▼
2023 · -4.5%
Interest coverage
0.85▼
2023 · 2.67
Debt ≤ 1 year
€54,105▲
2023 · €942
Debt > 1 year
€100,000▼
2023 · €175,000
Income taxes
€457▼
2023 · €472
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,621 | €24,475 | €29,098 | €34,327 | €34,369 | ▲ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €673 | - | - | - |
| Other operating charges640/8 | - | €3,579 | €2,068 | €3,931 | €3,936 | ▲ 0.1% |
| Gross operating margin9900 | €18,371 | €17,344 | €17,416 | €22,355 | €14,841 | ▼ 33.6% |
| Operating profit (loss)9901 | -€7,039 | -€10,710 | -€14,423 | -€15,903 | -€23,464 | ▼ 47.5% |
| Financial income75/76B | - | €2,265 | €293 | €584 | €497 | ▼ 15.0% |
| Recurring financial income75 | €7,582 | €2,265 | €293 | €584 | €497 | ▼ 15.0% |
| Financial charges65/66B | - | €2,330 | €893 | €6,910 | €12,764 | ▲ 84.7% |
| Recurring financial charges65 | €2,524 | €2,330 | €893 | €6,910 | €12,764 | ▲ 84.7% |
| Profit (loss) for the period before taxes9903 | -€1,981 | -€10,775 | -€15,023 | -€22,228 | -€35,731 | ▼ 60.7% |
| Income taxes67/77 | €1,784 | €902 | €470 | €472 | €457 | ▼ 3.2% |
| Profit (loss) for the period9904 | -€3,766 | -€11,677 | -€15,493 | -€22,700 | -€36,187 | ▼ 59.4% |
| Transfer from tax-exempt reserves789 | - | €7,615 | €7,615 | €7,615 | €7,615 | = |
| Profit (loss) for the period to be appropriated9905 | €3,849 | -€4,063 | -€7,878 | -€15,085 | -€28,573 | ▼ 89.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €424,160 | €391,181 | €532,509 | €508,614 | €450,590 | ▼ 11.4% |
| Fixed assets21/28 | €331,201 | €351,932 | €508,846 | €482,494 | €448,124 | ▼ 7.1% |
| Tangible fixed assets22/27 | €331,201 | €351,932 | €508,846 | €482,494 | €448,124 | ▼ 7.1% |
| Land and buildings22 | - | €229,322 | €394,757 | €376,928 | €351,080 | ▼ 6.9% |
| Plant, machinery and equipment23 | - | €122,610 | €114,088 | €105,566 | €97,044 | ▼ 8.1% |
| Current assets29/58 | €92,959 | €39,249 | €23,663 | €26,120 | €2,465 | ▼ 90.6% |
| Amounts receivable within one year40/41 | €69,885 | €2,279 | €6,207 | €15,905 | - | - |
| Other amounts receivable41 | - | €2,279 | €6,207 | €15,905 | - | - |
| Cash at bank and in hand54/58 | €23,074 | €36,970 | €17,456 | €10,214 | €2,465 | ▼ 75.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €424,160 | €391,181 | €532,509 | €508,614 | €450,590 | ▼ 11.4% |
| Equity10/15 | €382,542 | €370,865 | €355,372 | €332,672 | €296,485 | ▼ 10.9% |
| Contributions10/11 | €217,000 | €217,000 | €217,000 | €217,000 | €217,000 | = |
| Capital10 | - | €217,000 | €217,000 | €217,000 | €217,000 | = |
| Issued capital100 | - | €217,000 | €217,000 | €217,000 | €217,000 | = |
| Reserves13 | €165,542 | €153,865 | €138,372 | €115,672 | €108,057 | ▼ 6.6% |
| Non-distributable reserves130/1 | - | €21,700 | €21,700 | €21,700 | €21,700 | = |
| Legal reserve130 | - | €21,700 | €21,700 | €21,700 | €21,700 | = |
| Tax-exempt reserves132 | - | €101,125 | €93,510 | €85,895 | €78,281 | ▼ 8.9% |
| Distributable reserves133 | - | €31,040 | €23,162 | €8,077 | €8,077 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€28,573 | - |
| Amounts payable17/49 | €41,618 | €20,315 | €177,137 | €175,942 | €154,105 | ▼ 12.4% |
| Amounts payable after more than one year17 | €16,804 | €1,084 | €175,000 | €175,000 | €100,000 | ▼ 42.9% |
| Financial debts170/4 | - | €1,084 | €175,000 | €175,000 | €100,000 | ▼ 42.9% |
| Amounts payable within one year42/48 | €24,814 | €19,232 | €2,137 | €942 | €54,105 | ▲ 5,646% |
| Current portion of amounts payable after more than one year42 | - | €15,780 | - | - | - | - |
| Trade debts44 | €832 | €765 | €764 | - | - | - |
| Suppliers440/4 | - | €765 | €764 | - | - | - |
| Taxes, remuneration and social security45 | - | €2,687 | €1,372 | €942 | €929 | ▼ 1.4% |
| Taxes450/3 | - | €2,687 | €1,372 | €942 | €929 | ▼ 1.4% |
| Other amounts payable47/48 | - | - | - | - | €53,176 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,766 | -€11,677 | -€15,493 | -€22,700 | -€36,187 | ▼ 59.4% |
| + Depreciation and write-downs630 | €22,621 | €24,475 | €29,098 | €34,327 | €34,369 | ▲ 0.1% |
| Operating cash flow (approximation) | €18,855 | €12,798 | €13,605 | €11,627 | -€1,818 | ▼ 116% |
| Investment in fixed assets (approximation) | - | -€45,206 | -€186,012 | -€7,975 | €0 | ▲ 100% |
| Change in cash | - | €13,896 | -€19,514 | -€7,241 | -€7,749 | ▼ 7.0% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€36,187
Net result drops to -€36,187, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 27.74
Current ratio from 11.08 to 27.74; short-term debt falls from €2,137 to €942.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 5current ratio 11.08
Current ratio from 2.04 to 11.08; short-term debt falls from €19,232 to €2,137.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €117,567 ▲154,941%
Operating result €118,444, net result €117,567, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Menen · 1 establishment unit since 1987
Ground area
508 m²
Building footprint
196 m²
Volume, LiDAR
535 m³
Parcel 34027D0164/00S011, Flanders · tallest building 4.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PATRIGEMA
since 19872.030.828.226
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027D0164/00S011 | Flanders | 508 m² | 1 · 196 m² | 4.3 m · 1 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.
Identification & contact
Identification
Legal formPublic limited company
Founded07-07-1987
Fiscal year end31-12
Contact
E-mail
info@hoteldulac-dc.be
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.