Checked.be
Active
BE 0434.055.105Public limited company
PATRIMONIALE ORBAN
Boulevard Frère-Orban 18 ·4000 Liège, Belgium· 38 yrs active
Sector: Development of residential building projects
(68121)
Conclusion
PATRIMONIALE ORBAN has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.87M and a net result of €16k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 76% of 4440 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €2.87M |
| Net result | €16k |
| Better than sector | 76% |
| Active | 38 yrs |
Financial profile
79
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
92
Profitability
53
Solvency
87
Growth
62
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1988, 38 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
92
/ 100
Excellent
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€25k
estimate, not credit advice
Score history
96
2021
89
2022
89
2023
84
2024
92
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.40 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.40 (≥ 1.0)
+5
Leverage
Debt/equity 0.35 (< 1.0)
+10
Profitability
ROE 1%
+3
EBITDA margin
EBITDA-marge 26% (≥ 10%)
+8
Interest coverage
Interest coverage 2.4×
+3
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 16-06-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±0.9%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 72.9% | 38.4% | |
| Net result | €16k | €23k | |
| Equity | €2.87M | €918k | |
| Total assets | €3.94M | €3.36M |
€248k
+0.9%
21-25
€66k
+0.9%
21-25
€16k
+23.0%
21-25
€49k
+3.3%
21-25
€3.94M
-1.6%
21-25
€2.87M
+0.6%
21-25
€200k
+30.2%
21-25
€8k
-5.2%
21-25
€559k
-
21-25
€993k
-7.3%
21-25
€493k
-7.3%
21-25
€498k
-6.8%
21-25
1.40
+9.1%
21-25
1.40
+9.1%
21-25
72.9%
+2.2%
21-25
0.35
-7.8%
21-25
0.6%
+22.3%
21-25
0.4%
+25.0%
21-25
6.5%
+21.9%
21-25
26.4%
0.0%
21-25
2.43
-0.7%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | full schema |
| Revenue | €248k | €246k | €219k | €248k | €143k |
| EBITDA | €66k | €65k | €85k | €60k | €96k |
| Net profit | €16k | €13k | €33k | €41k | €612k |
| Cash flow | €49k | €48k | €66k | €53k | €626k |
| Staff costs | - | - | - | - | - |
| Income taxes | €8k | €8k | €14k | €13k | €22k |
| Dividends | - | - | - | - | €559k |
| Total assets | €3.94M | €4.00M | €4.32M | €4.29M | €3.18M |
| Equity | €2.87M | €2.85M | €2.84M | €2.81M | €2.77M |
| Debt | €993k | €1.07M | €1.41M | €1.40M | €329k |
| of which ≤ 1y | €493k | €532k | €834k | €801k | €324k |
| of which > 1y | €498k | €534k | €568k | €596k | €5k |
| Working capital | €200k | €153k | €147k | €142k | €125k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.40 | 1.29 | 1.18 | 1.18 | 1.38 |
| Quick ratio | 1.40 | 1.29 | 1.18 | 1.18 | 1.38 |
| Working capital ratio | 5.1% | 3.8% | 3.4% | 3.3% | 3.9% |
| Solvency | 72.9% | 71.3% | 65.7% | 65.5% | 87.0% |
| Debt / equity | 0.35 | 0.38 | 0.49 | 0.50 | 0.12 |
| Long-term debt ratio | 0.17 | 0.19 | 0.20 | 0.21 | 0.00 |
| Interest coverage | 2.43 | 2.45 | 3.10 | 16.61 | 631.58 |
| Gross margin | - | - | - | - | - |
| Net margin | 6.5% | 5.3% | 15.0% | 16.5% | 426.4% |
| ROA | 0.4% | 0.3% | 0.8% | 1.0% | 19.2% |
| ROE | 0.6% | 0.5% | 1.2% | 1.5% | 22.1% |
| EBITDA margin | 26.4% | 26.4% | 38.9% | 24.3% | 67.2% |
| Days sales outstanding | 113d | 163d | 587d | 142d | 66d |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3.94M | €4.00M | €4.32M | €4.29M | €3.18M |
| Fixed assets | 21/28 | €3.24M | €3.32M | €3.34M | €3.34M | €2.73M |
| Intangible fixed assets | 21 | €23k | €34k | €46k | €57k | - |
| Tangible fixed assets | 22/27 | €661k | €721k | €744k | €733k | €177k |
| Financial fixed assets | 28 | €2.56M | €2.56M | €2.55M | €2.55M | €2.55M |
| Current assets | 29/58 | €693k | €685k | €981k | €942k | €449k |
| Amounts receivable within one year | 40/41 | €309k | €309k | €612k | €255k | €108k |
| Investments | 50/53 | €335k | €335k | €335k | €335k | €335k |
| Cash & bank | 54/58 | €9k | €10k | €12k | €339k | €423 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.94M | €4.00M | €4.32M | €4.29M | €3.18M |
| Equity | 10/15 | €2.87M | €2.85M | €2.84M | €2.81M | €2.77M |
| Contributions / capital | 10/11 | €234k | €234k | €234k | €234k | €234k |
| Reserves | 13 | €2.64M | €2.62M | €2.61M | €1.52M | €1.52M |
| Accumulated profits (losses) | 14 | - | - | - | €1.05M | €1.01M |
| Provisions & deferred taxes | 16 | €75k | €77k | €79k | €82k | €83k |
| Amounts payable | 17/49 | €993k | €1.07M | €1.41M | €1.40M | €329k |
| Amounts payable after one year | 17 | €498k | €534k | €568k | €596k | €5k |
| Amounts payable within one year | 42/48 | €493k | €532k | €834k | €801k | €324k |
| Trade debts payable within one year | 44 | €30k | €30k | €458k | €469k | €9k |
| Income statement | ||||||
| Turnover | 70 | €248k | €246k | €219k | €248k | €143k |
| Operating result | 9901 | €32k | €30k | €52k | €48k | €82k |
| Financial income | 75 | €17k | €19k | €21k | €9k | €552k |
| Financial charges | 65 | €28k | €31k | €28k | €4k | €958 |
| Result before taxes | 9903 | €22k | €19k | €44k | €53k | €633k |
| Income taxes | 67/77 | €8k | €8k | €14k | €13k | €22k |
| Net result for the period | 9904 | €16k | €13k | €33k | €41k | €612k |
| Result to be appropriated | 9905 | €20k | €18k | €38k | €42k | €613k |
Legal Structure
| NACE primary | Development of residential building projects(68121) |
| Legal form | Public limited company(014) |
| Incorporation | 22-04-1988 |
| Status | Active |
| Postal code | 4000 |
Establishment units
Boulevard Frère-Orban 50, 4000 Liège
since 19882.040.227.823
Updates
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 71 days late
2024
31-12
Financial
Weakest financial yearnet €13k ▼60.3%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 78 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 92 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 41 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 14 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Development of residential building projects6812170111Renting and operating of own or leased non-residential real estate, excluding land6820370203
Names & trade names
| Legal nameFR | PATRIMONIALE ORBAN |
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