Summary
PATRIMAR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €840k and a net result of €63k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 45% of 5547 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 05-07-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
34 d early
2023
15 d early
2022
47 d early
2021
125 d early
2020
114 d early
2019
108 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€840k▲ 8.1%
2024 · €777k
2018: €652klowest in 8 years
2019: €702k▲ +7.7% vs 2018
2020: €719k▲ +2.5% vs 2019
2021: €841k▲ +17.0% vs 2020highest in 8 years
2022: €772k▼ -8.2% vs 2021
2023: €766k▼ -0.8% vs 2022
2024: €777k▲ +1.4% vs 2023
2025: €840k▲ +8.1% vs 2024
2018 → 2025
Net result
€63k▲ 472%
2024 · €11k
2018: €140khighest in 8 years
2019: €60k▼ -57.1% vs 2018
2020: €18k▼ -70.5% vs 2019
2021: €122k▲ +591% vs 2020
2022: €-69k▼ -157% vs 2021lowest in 8 years
2023: €-6k▲ +91.5% vs 2022
2024: €11k▲ +287% vs 2023
2025: €63k▲ +472% vs 2024
2018 → 2025
Total assets
€1.86M▼ 1.5%
2024 · €1.88M
2018: €1.47M
2019: €1.11M▼ -24.0% vs 2018
2020: €1.02M▼ -8.7% vs 2019lowest in 8 years
2021: €1.91M▲ +88.2% vs 2020highest in 8 years
2022: €1.77M▼ -7.6% vs 2021
2023: €1.66M▼ -6.2% vs 2022
2024: €1.88M▲ +13.6% vs 2023
2025: €1.86M▼ -1.5% vs 2024
2018 → 2025
Solvency
45.3%▲ 4.0pp
2024 · 41.3%
2018: 44.5%
2019: 63.0%▲ +41.6% vs 2018
2020: 70.7%▲ +12.3% vs 2019highest in 8 years
2021: 44.0%▼ -37.8% vs 2020
2022: 43.7%▼ -0.7% vs 2021
2023: 46.2%▲ +5.8% vs 2022
2024: 41.3%▼ -10.7% vs 2023lowest in 8 years
2025: 45.3%▲ +9.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€841k-€772k▼ 8.2%€766k▼ 0.8%€777k▲ 1.4%€840k▲ 8.1%
2021: €841khighest in 5 years
2022: €772k▼ -8.2% vs 2021
2023: €766k▼ -0.8% vs 2022lowest in 5 years
2024: €777k▲ +1.4% vs 2023
2025: €840k▲ +8.1% vs 2024
Operating result€177k-€-48k€55k€41k▼ 24.8%€99k▲ 141%
2021: €177khighest in 5 years
2022: €-48k▼ -127% vs 2021lowest in 5 years
2023: €55k▲ +213% vs 2022
2024: €41k▼ -24.8% vs 2023
2025: €99k▲ +141% vs 2024
Net result€122k-€-69k€-6k▲ 91.5%€11k€63k▲ 472%
2021: €122khighest in 5 years
2022: €-69k▼ -157% vs 2021lowest in 5 years
2023: €-6k▲ +91.5% vs 2022
2024: €11k▲ +287% vs 2023
2025: €63k▲ +472% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 141% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.86M
Fixed assets
€1.30M ▼ 4.6%
Current assets
€556k ▲ 6.6%
Equity and liabilities €1.86M
Equity
€840k ▲ 8.1%
Debt
€1.02M ▼ 8.3%
Debt's share of the balance-sheet total falls from 58.7% to 54.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
7.5%▲
2024 · 1.4%
ROA
3.4%▲
2024 · 0.6%
Debt ≤ 1 year
€112k▲
2024 · €109k
Debt > 1 year
€888k▼
2024 · €983k
Income taxes
€9k▲
2024 · €1k
Staff costs
€4k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.88M€1.86M▼
Fixed assets21/28€1.36M€1.30M▼
Tangible fixed assets22/27€1.36M€1.30M▼
Land and buildings22€1.34M€1.28M▼
Furniture and vehicles24€26k€17k▼
Current assets29/58€522k€556k▲
Stocks and contracts in progress3€222k€222k=
Stocks30/36€222k€222k=
Amounts receivable within one year40/41€126€2k▲
Other amounts receivable41€126€2k▲
Current investments50/53€230k€230k=
Cash at bank and in hand54/58€64k€96k▲
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€1.88M€1.86M▼
Equity10/15€777k€840k▲
Contributions10/11€360k€360k=
Capital10€360k€360k=
Issued capital100€360k€360k=
Reserves13€418k€480k▲
Non-distributable reserves130/1€43k€43k=
Legal reserve130€43k€43k=
Distributable reserves133€374k€437k▲
Amounts payable17/49€1.11M€1.02M▼
Amounts payable after more than one year17€983k€888k▼
Financial debts170/4€778k€737k▼
Other amounts payable178/9€205k€151k▼
Amounts payable within one year42/48€109k€112k▲
Current portion of amounts payable after more than one year42€84k€91k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€6k€4k▼
Remuneration and social security454/9€327€5k▲
Other amounts payable47/48€13k€9k▼
Accrued charges and deferred income492/3€15k€16k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€5k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€64k▲
Other operating charges640/8€38k€38k▼
Gross operating margin9900€142k€205k▲
Operating profit (loss)9901€41k€99k▲
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€33k€31k▼
Recurring financial charges65€33k€31k▼
Profit (loss) for the period before taxes9903€12k€72k▲
Income taxes67/77€1k€9k▲
Profit (loss) for the period9904€11k€63k▲
Profit (loss) for the period to be appropriated9905€11k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€63k▲
Transfer from equity791/2€0-
Transfer to equity691/2€11k€63k▲
To other reserves6921€11k€63k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €113k | €0 | - | - |
| Remuneration, social security and pensions62 | - | €6k | €5k | €5k | €4k | ▼ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €128k | €50k | €58k | €64k | ▲ 9.8% |
| Other operating charges640/8 | - | €30k | €44k | €38k | €38k | ▼ 1.4% |
| Gross operating margin9900 | €240k | €115k | €153k | €142k | €205k | ▲ 44.2% |
| Operating profit (loss)9901 | €177k | €-48k | €55k | €41k | €99k | ▲ 141% |
| Financial income75/76B | - | €95 | €363 | €5k | €4k | ▼ 13.9% |
| Recurring financial income75 | €10 | €95 | €363 | €5k | €4k | ▼ 13.9% |
| Financial charges65/66B | - | €21k | €61k | €33k | €31k | ▼ 8.5% |
| Recurring financial charges65 | €7k | €21k | €61k | €33k | €31k | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | €170k | €-69k | €-6k | €12k | €72k | ▲ 491% |
| Income taxes67/77 | €48k | €263 | €-27 | €1k | €9k | ▲ 653% |
| Profit (loss) for the period9904 | €122k | €-69k | €-6k | €11k | €63k | ▲ 472% |
| Profit (loss) for the period to be appropriated9905 | €122k | €-69k | €-6k | €11k | €63k | ▲ 472% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.91M | €1.77M | €1.66M | €1.88M | €1.86M | ▼ 1.5% |
| Fixed assets21/28 | €1.46M | €1.33M | €1.31M | €1.36M | €1.30M | ▼ 4.6% |
| Tangible fixed assets22/27 | €1.46M | €1.33M | €1.31M | €1.36M | €1.30M | ▼ 4.6% |
| Land and buildings22 | - | €1.33M | €1.28M | €1.34M | €1.28M | ▼ 4.0% |
| Furniture and vehicles24 | - | - | €28k | €26k | €17k | ▼ 35.4% |
| Current assets29/58 | €454k | €437k | €347k | €522k | €556k | ▲ 6.6% |
| Stocks and contracts in progress3 | €222k | €222k | €222k | €222k | €222k | = |
| Stocks30/36 | - | €222k | €222k | €222k | €222k | = |
| Amounts receivable within one year40/41 | €142k | €117k | €0 | €126 | €2k | ▲ 1,429% |
| Trade receivables40 | - | €0 | - | - | - | - |
| Other amounts receivable41 | - | €117k | €0 | €126 | €2k | ▲ 1,429% |
| Current investments50/53 | €37k | €16k | €0 | €230k | €230k | = |
| Cash at bank and in hand54/58 | €48k | €77k | €119k | €64k | €96k | ▲ 49.8% |
| Deferred charges and accrued income490/1 | - | €6k | €6k | €6k | €7k | ▲ 10.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.91M | €1.77M | €1.66M | €1.88M | €1.86M | ▼ 1.5% |
| Equity10/15 | €841k | €772k | €766k | €777k | €840k | ▲ 8.1% |
| Contributions10/11 | €360k | €360k | €360k | €360k | €360k | = |
| Capital10 | - | €360k | €360k | €360k | €360k | = |
| Issued capital100 | - | €360k | €360k | €360k | €360k | = |
| Reserves13 | €481k | €412k | €407k | €418k | €480k | ▲ 15.1% |
| Non-distributable reserves130/1 | - | €43k | €43k | €43k | €43k | = |
| Legal reserve130 | - | €43k | €43k | €43k | €43k | = |
| Distributable reserves133 | - | €369k | €363k | €374k | €437k | ▲ 16.8% |
| Amounts payable17/49 | €1.07M | €997k | €892k | €1.11M | €1.02M | ▼ 8.3% |
| Amounts payable after more than one year17 | €984k | €853k | €800k | €983k | €888k | ▼ 9.7% |
| Financial debts170/4 | - | €618k | €565k | €778k | €737k | ▼ 5.3% |
| Other amounts payable178/9 | - | €235k | €235k | €205k | €151k | ▼ 26.3% |
| Amounts payable within one year42/48 | €73k | €120k | €78k | €109k | €112k | ▲ 2.7% |
| Current portion of amounts payable after more than one year42 | - | €52k | €53k | €84k | €91k | ▲ 8.5% |
| Trade debts44 | €4k | €4k | €5k | €5k | €2k | ▼ 59.7% |
| Suppliers440/4 | - | €4k | €5k | €5k | €2k | ▼ 59.7% |
| Taxes, remuneration and social security45 | - | €17k | €5k | €6k | €9k | ▲ 44.6% |
| Taxes450/3 | - | €10k | €4k | €6k | €4k | ▼ 33.2% |
| Remuneration and social security454/9 | - | €7k | €324 | €327 | €5k | ▲ 1,421% |
| Other amounts payable47/48 | - | €46k | €16k | €13k | €9k | ▼ 30.5% |
| Accrued charges and deferred income492/3 | - | €24k | €14k | €15k | €16k | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122k | €-69k | €-6k | €11k | €63k | ▲ 472% |
| + Depreciation and write-downs630 | €25k | €128k | €50k | €58k | €64k | ▲ 9.8% |
| Operating cash flow (approximation) | €147k | €59k | €44k | €69k | €127k | ▲ 83.2% |
| Investment in fixed assets (approximation) | - | €0 | €-29k | €-109k | €-700 | ▲ 99.4% |
| Change in cash | - | €29k | €43k | €-55k | €32k | ▲ 158% |
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
05-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-69k
Net result drops to €-69k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 8.42
Current ratio from 3.73 to 8.42; short-term debt falls from €104k to €38k.
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity triplescurrent ratio 3.73
Current ratio from 1.26 to 3.73; short-term debt falls from €563k to €104k.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 1989
Ground area
2,937 m²
Building footprint
782 m²
Volume, LiDAR
5,737 m³
2 parcels, Flanders · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Brusselsesteenweg 614, 9050 Gent
since 19892.042.333.416
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44363B0439/00W003 | Flanders | 2,624 m² | 1 · 470 m² | 8.5 m · 2 fl. |
| 44363B0439/00S003 | Flanders | 312 m² | 1 · 311 m² | 14.1 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 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,069 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-01-1989
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.