PATRIVAST
ActiveSummary
The computed 12-month bankruptcy probability of PATRIVAST is 2.3% (moderate). The 2025 annual accounts show equity of €1.31M and a net result of €-452k. Equity remains stable across the filed fiscal years (±1.7% per year). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability51▼-20
Solvency41▼-26
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.14 in 2024; short-term debt: 22% and cash: 2.1% of total assets), and 83.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
16.5%
Return on assets
-5.7%
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 13-07-2026, 18 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
18 d early
2024
18 d late
2023
2 d early
2022
39 d early
2021
19 d early
2020
37 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, micro schema
Equity
€1.31M▼ 25.7%
2024 · €1.76M
Total assets
€7.92M▲ 91.5%
2024 · €4.14M
Net result
€-452k
2024 · €80k
Working capital
€-1.53M▼ 179%
2024 · €-549k
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€69k€36k▼ 48.5%€89k▲ 151%€160k▲ 78.5%€-391k
Net result€45k€10k▼ 76.8%€35k▲ 240%€80k▲ 127%€-452k
Equity€1.63M▲ 2.8%€1.64M▲ 0.6%€1.68M▲ 2.2%€1.76M▲ 4.8%€1.31M▼ 25.7%
Total assets€3.32M▲ 4.0%€4.35M▲ 31.0%€4.21M▼ 3.2%€4.14M▼ 1.6%€7.92M▲ 91.5%
Debt€1.68M▲ 5.3%€2.70M▲ 60.5%€2.53M▼ 6.4%€2.38M▼ 5.9%€6.62M▲ 178%
Working capital€-315k▼ 14.0%€-574k▼ 82.4%€-588k▼ 2.4%€-549k▲ 6.6%€-1.53M▼ 179%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €391k after €160k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.92M
Fixed assets
€7.72M ▲ 90.4%
Current assets
€208k ▲ 141%
Equity and liabilities €7.92M
Equity
€1.31M ▼ 25.7%
Debt
€6.62M ▲ 178%
Debt's share of the balance-sheet total rises from 57.5% to 83.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€286k▼
2024 · €319k
Cash flow
€225k▼
2024 · €239k
Current ratio
0.12▼
2024 · 0.14
Debt to equity
5.07▲
2024 · 1.35
ROE
-34.6%▼
2024 · 4.6%
ROA
-5.7%▼
2024 · 1.9%
Interest coverage
4.72▼
2024 · 8.10
Debt ≤ 1 year
€1.74M▲
2024 · €636k
Debt > 1 year
€4.88M▲
2024 · €1.74M
Income taxes
€388▼
2024 · €40k
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 | €165k | €184k | €163k | €159k | €677k | ▲ 325% |
| Other operating charges640/8 | €15k | €50k | €101k | €72k | €72k | ▲ 0.9% |
| Gross operating margin9900 | €249k | €269k | €353k | €391k | €359k | ▼ 8.2% |
| Operating profit (loss)9901 | €69k | €36k | €89k | €160k | €-391k | ▼ 345% |
| Financial income75/76B | €0 | - | €377 | €0 | €17 | - |
| Recurring financial income75 | €0 | - | €377 | €0 | €17 | - |
| Financial charges65/66B | €16k | €22k | €42k | €39k | €61k | ▲ 54.1% |
| Recurring financial charges65 | €16k | €22k | €42k | €39k | €61k | ▲ 54.1% |
| Profit (loss) for the period before taxes9903 | €53k | €13k | €48k | €120k | €-451k | ▼ 476% |
| Income taxes67/77 | €8k | €3k | €12k | €40k | €388 | ▼ 99.0% |
| Profit (loss) for the period9904 | €45k | €10k | €35k | €80k | €-452k | ▼ 664% |
| Profit (loss) for the period to be appropriated9905 | €45k | €10k | €35k | €80k | €-452k | ▼ 664% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.32M | €4.35M | €4.21M | €4.14M | €7.92M | ▲ 91.5% |
| Fixed assets21/28 | €3.26M | €4.29M | €4.15M | €4.05M | €7.72M | ▲ 90.4% |
| Tangible fixed assets22/27 | €3.26M | €4.29M | €4.15M | €4.05M | €7.72M | ▲ 90.4% |
| Land and buildings22 | €3.26M | €4.28M | €4.15M | €3.99M | €7.67M | ▲ 92.1% |
| Furniture and vehicles24 | €2k | €995 | €130 | €62k | €51k | ▼ 17.7% |
| Current assets29/58 | €60k | €61k | €61k | €86k | €208k | ▲ 141% |
| Amounts receivable within one year40/41 | - | €12k | €5k | €15k | €25k | ▲ 65.6% |
| Trade receivables40 | - | €7k | €0 | €15k | €15k | ▲ 0.9% |
| Other amounts receivable41 | - | €5k | €5k | €0 | €10k | - |
| Cash at bank and in hand54/58 | €60k | €47k | €55k | €47k | €170k | ▲ 265% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €25k | €13k | ▼ 48.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.32M | €4.35M | €4.21M | €4.14M | €7.92M | ▲ 91.5% |
| Equity10/15 | €1.63M | €1.64M | €1.68M | €1.76M | €1.31M | ▼ 25.7% |
| Contributions10/11 | €244k | €244k | €244k | €244k | €244k | = |
| Revaluation surpluses12 | €853k | €853k | €853k | €853k | €853k | = |
| Reserves13 | €513k | €513k | €513k | €593k | €210k | ▼ 64.6% |
| Non-distributable reserves130/1 | €24k | €24k | €24k | €24k | €24k | = |
| Reserves not available under the articles1311 | €24k | €24k | €24k | €24k | €24k | = |
| Distributable reserves133 | €489k | €489k | €489k | €569k | €185k | ▼ 67.4% |
| Profit (loss) carried forward14 | €22k | €33k | €68k | €68k | €0 | ▼ 100% |
| Amounts payable17/49 | €1.68M | €2.70M | €2.53M | €2.38M | €6.62M | ▲ 178% |
| Amounts payable after more than one year17 | €1.30M | €2.06M | €1.87M | €1.74M | €4.88M | ▲ 181% |
| Financial debts170/4 | €1.30M | €2.06M | €1.87M | €1.74M | €4.87M | ▲ 180% |
| Other amounts payable178/9 | - | - | - | - | €12k | - |
| Amounts payable within one year42/48 | €375k | €635k | €650k | €636k | €1.74M | ▲ 174% |
| Current portion of amounts payable after more than one year42 | €139k | €192k | €188k | €185k | €368k | ▲ 98.9% |
| Trade debts44 | €22k | €0 | €209 | €2k | €39k | ▲ 2,293% |
| Suppliers440/4 | €22k | €0 | €209 | €2k | €39k | ▲ 2,293% |
| Taxes, remuneration and social security45 | €8k | €0 | €4k | €28k | €0 | ▼ 100% |
| Taxes450/3 | €8k | €0 | €4k | €28k | €0 | ▼ 100% |
| Other amounts payable47/48 | €206k | €444k | €457k | €421k | €1.33M | ▲ 217% |
| Accrued charges and deferred income492/3 | €12k | €12k | €12k | €9k | €879 | ▼ 90.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €10k | €35k | €80k | €-452k | ▼ 664% |
| + Depreciation and write-downs630 | €165k | €184k | €163k | €159k | €677k | ▲ 325% |
| Operating cash flow (approximation) | €210k | €194k | €199k | €239k | €225k | ▼ 5.9% |
| Investment in fixed assets (approximation) | - | €-1.21M | €-24k | €-66k | €-4.34M | ▼ 6,528% |
| Change in cash | - | €-12k | €8k | €-8k | €124k | ▲ 1,578% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-452k
Net result drops to €-452k, the lowest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Highest result since 2020net €80k ▲127%
Operating result €160k, net result €80k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Deerlijk · 1 establishment unit since 2020
Ground area
2,268 m²
Building footprint
580 m²
Volume, LiDAR
2,889 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
PATRIVAST
since 20202.301.155.744
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34009B0241/00P000 | Flanders | 1,923 m² | 1 · 435 m² | 9.6 m · 2 fl. |
| 34322B0322/00F014 | Flanders | 345 m² | 1 · 145 m² | 7.4 m · 2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded28-01-2020
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.