PATRIVAN
ActiveSummary
PATRIVAN has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.7m and a net result of €30,405. Equity remains stable across the filed fiscal years (±2.4% per year). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69=
Solvency79▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500,000 at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.45 in 2024; short-term debt: 20.9% and cash: 0.6% of total assets), and 46.1% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.9%
Return on assets
0.2%
Age of the figures
9 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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
29 d late
2023
26 d early
2022
29 d late
2021
18 d late
2020
26 d late
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 12 days after 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 18 August (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€30,405▼ 27.0%
2024 · €41,671
Working capital
-€2.0m▼ 24.7%
2024 · -€1.6m
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€1.2m▲ 223%€175,723▼ 84.9%€64,825▼ 63.1%€146,509▲ 126%€123,241▼ 15.9%
Net result€875,112▲ 274%-€322,056-€13,880▲ 95.7%€41,671€30,405▼ 27.0%
Equity€7.8m▲ 13.7%€7.4m▼ 4.8%€7.4m▼ 0.2%€7.7m▲ 3.6%€7.7m▲ 0.4%
Total assets€12.9m▲ 10.8%€13.0m▲ 1.1%€13.8m▲ 6.1%€14.4m▲ 4.4%€14.3m▼ 1.2%
Debt€4.3m▲ 2.6%€4.8m▲ 12.6%€5.6m▲ 17.4%€5.9m▲ 5.5%€5.8m▼ 3.0%
Working capital€843,972€163,941▼ 80.6%-€1.2m-€1.6m▼ 36.7%-€2.0m▼ 24.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.3m
Fixed assets
€13.3m ▲ 0.9%
Current assets
€1.0m ▼ 23.0%
Equity and liabilities €14.3m
Equity
€7.7m ▲ 0.4%
Provisions
€805,376 ▼ 3.7%
Debt
€5.8m ▼ 3.0%
Debt's share of the balance-sheet total falls from 41.2% to 40.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€592,573▼
2024 · €594,699
Cash flow
€499,737▲
2024 · €489,862
Current ratio
0.34▼
2024 · 0.45
Quick ratio
0.12▼
2024 · 0.16
Debt to equity
0.75▼
2024 · 0.78
ROE
0.4%▼
2024 · 0.5%
ROA
0.2%▼
2024 · 0.3%
Interest coverage
7.46▲
2024 · 6.61
Debt ≤ 1 year
€3.0m▲
2024 · €2.9m
Debt > 1 year
€2.8m▼
2024 · €3.1m
Income taxes
€43,661▲
2024 · €40,489
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.1%
went bankrupt
2.0%
stopped otherwise
98%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,860 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1.2m | €3,203 | - | €100,477 | €194,071 | ▲ 93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €399,853 | €362,816 | €381,872 | €448,191 | €469,332 | ▲ 4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €38,070 | -€38,070 | - | - | -€2,496 | - |
| Other operating charges640/8 | €84,836 | €84,955 | €69,249 | €85,709 | €192,858 | ▲ 125% |
| Non-recurring operating charges66A | €1,169 | - | €267 | - | - | - |
| Gross operating margin9900 | €1.7m | €585,424 | €516,212 | €680,408 | €782,936 | ▲ 15.1% |
| Operating profit (loss)9901 | €1.2m | €175,723 | €64,825 | €146,509 | €123,241 | ▼ 15.9% |
| Financial income75/76B | €11 | €1 | €205 | - | €0 | - |
| Recurring financial income75 | €11 | €1 | €205 | - | €0 | - |
| Financial charges65/66B | €56,163 | €502,141 | €91,140 | €89,943 | €80,343 | ▼ 10.7% |
| Recurring financial charges65 | €56,163 | €82,327 | €91,140 | €89,943 | €79,483 | ▼ 11.6% |
| Non-recurring financial charges66B | - | €419,814 | - | - | €860 | - |
| Profit (loss) for the period before taxes9903 | €1.1m | -€326,417 | -€26,110 | €56,565 | €42,898 | ▼ 24.2% |
| Transfer from deferred taxes780 | €16,673 | €21,069 | €22,356 | €25,595 | €31,167 | ▲ 21.8% |
| Transfer to deferred taxes680 | €248,252 | - | - | - | - | - |
| Income taxes67/77 | €105 | €16,709 | €10,126 | €40,489 | €43,661 | ▲ 7.8% |
| Profit (loss) for the period9904 | €875,112 | -€322,056 | -€13,880 | €41,671 | €30,405 | ▼ 27.0% |
| Transfer from tax-exempt reserves789 | €32,929 | €47,789 | €52,810 | €66,358 | €88,648 | ▲ 33.6% |
| Transfer to tax-exempt reserves689 | €993,010 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€84,969 | -€274,267 | €38,930 | €108,029 | €119,053 | ▲ 10.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.9m | €13.0m | €13.8m | €14.4m | €14.3m | ▼ 1.2% |
| Fixed assets21/28 | €11.6m | €11.9m | €12.7m | €13.1m | €13.3m | ▲ 0.9% |
| Intangible fixed assets21 | €142,500 | €114,000 | €85,500 | €57,000 | €28,500 | ▼ 50.0% |
| Tangible fixed assets22/27 | €11.0m | €11.7m | €12.6m | €13.1m | €13.2m | ▲ 1.2% |
| Land and buildings22 | €10.9m | €11.7m | €12.6m | €13.1m | €13.2m | ▲ 1.2% |
| Plant, machinery and equipment23 | €1,848 | €1,118 | €957 | €795 | €795 | = |
| Furniture and vehicles24 | €1,106 | €839 | €306 | €306 | €39 | ▼ 87.1% |
| Financial fixed assets28 | €460,500 | - | - | - | - | - |
| Current assets29/58 | €1.3m | €1.2m | €1.2m | €1.3m | €1.0m | ▼ 23.0% |
| Stocks and contracts in progress3 | €644,800 | €852,800 | €852,800 | €852,800 | €644,800 | ▼ 24.4% |
| Stocks30/36 | €644,800 | €852,800 | €852,800 | €852,800 | €644,800 | ▼ 24.4% |
| Amounts receivable within one year40/41 | €4,349 | €163,855 | €268,845 | €268,845 | €268,878 | = |
| Trade receivables40 | €4,349 | €121,436 | €226,426 | €226,426 | €226,459 | = |
| Other amounts receivable41 | - | €42,419 | €42,419 | €42,419 | €42,419 | = |
| Cash at bank and in hand54/58 | €648,288 | €153,539 | €10,814 | €171,727 | €79,497 | ▼ 53.7% |
| Deferred charges and accrued income490/1 | €45,603 | €16,930 | €20,621 | €12,918 | €13,179 | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.9m | €13.0m | €13.8m | €14.4m | €14.3m | ▼ 1.2% |
| Equity10/15 | €7.8m | €7.4m | €7.4m | €7.7m | €7.7m | ▲ 0.4% |
| Contributions10/11 | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | = |
| Capital10 | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | = |
| Issued capital100 | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | = |
| Outside capital11 | €18,592 | - | - | - | - | - |
| Other1109/19 | €18,592 | - | - | - | - | - |
| Reserves13 | €3.2m | €3.1m | €3.1m | €3.4m | €3.4m | ▲ 0.9% |
| Non-distributable reserves130/1 | €429,984 | €428,125 | €428,125 | €428,125 | €428,125 | = |
| Legal reserve130 | €428,125 | €428,125 | €428,125 | €428,125 | €428,125 | = |
| Reserves not available under the articles1311 | €1,859 | - | - | - | - | - |
| Tax-exempt reserves132 | €2.6m | €2.5m | €2.5m | €2.7m | €2.6m | ▼ 3.3% |
| Distributable reserves133 | €163,391 | €132,284 | €171,215 | €279,244 | €398,297 | ▲ 42.6% |
| Profit (loss) carried forward14 | €296,101 | €21,833 | €21,833 | €21,833 | €21,833 | = |
| Provisions and deferred taxes16 | €848,551 | €827,482 | €805,126 | €836,543 | €805,376 | ▼ 3.7% |
| Deferred taxes168 | €848,551 | €827,482 | €805,126 | €836,543 | €805,376 | ▼ 3.7% |
| Amounts payable17/49 | €4.3m | €4.8m | €5.6m | €5.9m | €5.8m | ▼ 3.0% |
| Amounts payable after more than one year17 | €3.8m | €3.8m | €3.3m | €3.1m | €2.8m | ▼ 8.8% |
| Financial debts170/4 | €3.8m | €3.8m | €3.3m | €3.1m | €2.8m | ▼ 8.8% |
| Amounts payable within one year42/48 | €499,068 | €1.0m | €2.3m | €2.9m | €3.0m | ▲ 3.2% |
| Current portion of amounts payable after more than one year42 | €285,150 | €341,565 | €293,631 | €285,496 | €296,959 | ▲ 4.0% |
| Financial debts43 | €150,000 | €304,000 | €304,000 | €354,000 | €200,000 | ▼ 43.5% |
| Credit institutions430/8 | €150,000 | €304,000 | €304,000 | €354,000 | €200,000 | ▼ 43.5% |
| Trade debts44 | €22,666 | - | €17,246 | €28,715 | €238,756 | ▲ 731% |
| Suppliers440/4 | €22,666 | - | €17,246 | €28,715 | €238,756 | ▲ 731% |
| Taxes, remuneration and social security45 | €41,251 | €20,709 | €14,677 | €40,489 | €84,149 | ▲ 108% |
| Taxes450/3 | €39,033 | €18,490 | €12,459 | €40,489 | €84,149 | ▲ 108% |
| Remuneration and social security454/9 | €2,218 | €2,218 | €2,218 | - | - | - |
| Other amounts payable47/48 | - | €356,909 | €1.7m | €2.2m | €2.2m | ▼ 0.9% |
| Accrued charges and deferred income492/3 | €5,477 | €20,128 | €4,852 | €1,382 | €1,313 | ▼ 4.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €875,112 | -€322,056 | -€13,880 | €41,671 | €30,405 | ▼ 27.0% |
| + Depreciation and write-downs630 | €399,853 | €362,816 | €381,872 | €448,191 | €469,332 | ▲ 4.7% |
| Operating cash flow (approximation) | €1.3m | €40,760 | €367,992 | €489,862 | €499,737 | ▲ 2.0% |
| Investment in fixed assets (approximation) | - | -€660,409 | -€1.2m | -€904,569 | -€592,380 | ▲ 34.5% |
| Change in cash | - | -€494,749 | -€142,726 | €160,913 | -€92,230 | ▼ 157% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
26-03
State Gazette act
Reappointments: Van Mechelen Patrick, Van Mechelen Camille and Van Tricht Anne4 facts ▸
State Gazette act
Reappointments: Van Mechelen Patrick, Van Mechelen Camille and Van Tricht Anne
4 facts ▸
- General meeting, 31/05/2025
- Director reappointment, Van Mechelen Patrick (managing director)
- Director reappointment, Van Mechelen Camille (managing director)
- Director reappointment, Van Tricht Anne (director)
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €41,671
Net result €41,671 after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€322,056
Net result drops to -€322,056, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
31-12
Financial
Highest result since 2018net €875,112 ▲274%
Operating result €1.2m, net result €875,112, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.69
Current ratio from 0.85 to 2.69; short-term debt falls from €1.9m to €499,068.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 32 days late
Show earlier events
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 16 acts read
About the unread acts
Of the 16 Belgian State Gazette acts we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2025
This board is reconstructed from a single act (26042786). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 1
VAN TRICHT Anne
CurrentDirector · since 31-05-2025
Day-to-day management 2
VAN MECHELEN Camille
CurrentManaging director · since 31-05-2025
VAN MECHELEN Patrick
CurrentManaging director · since 31-05-2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
15 of this company's 16 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Herent · 1 establishment unit since 1993
Ground area
3,918 m²
Building footprint
1,753 m²
Parcel 24422F0315/00B000, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Patrivan
since 19932.266.581.281
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24422F0315/00B000 | Flanders | 3,918 m² | 1 · 1,753 m² | - |
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.
Mandate history
3 people since 2025, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| VAN TRICHT Anne |
|
| VAN MECHELEN Camille |
|
| VAN MECHELEN Patrick |
|
Structure & network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Identification & contact
Identification
Legal formPublic limited company
Founded02-06-1993
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450271129
Registered
26-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.