PATROBA
ActiveSummary
PATROBA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.8m and a net result of €2.2m. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 85% of 663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
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History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.3% 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 20,134 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €13.8m | €14.2m | €14.2m | €16.5m | €17.7m | ▲ 7.4% |
| Turnover70 | €13.7m | €14.1m | €14.1m | €16.4m | €17.6m | ▲ 7.3% |
| Other operating income74 | €92,335 | €109,365 | €31,165 | €16,773 | €34,407 | ▲ 105% |
| Non-recurring operating income76A | €0 | €28,000 | €2,500 | €2,500 | €2,896 | ▲ 15.8% |
| Operating charges60/66A | €13.3m | €13.8m | €14.0m | €15.7m | €15.6m | ▼ 1.1% |
| Goods for resale, raw materials and consumables60 | €5.6m | €5.9m | €5.9m | €8.5m | €9.1m | ▲ 6.6% |
| Purchases600/8 | €5.7m | €6.7m | €5.5m | €8.6m | €9.0m | ▲ 5.0% |
| Change in stocks: decrease (increase)609 | -€85,187 | -€792,667 | €437,324 | -€45,654 | €82,090 | ▲ 280% |
| Services and other goods61 | €3.3m | €3.7m | €3.9m | €3.4m | €3.5m | ▲ 2.6% |
| Remuneration, social security and pensions62 | €1.2m | €1.2m | €1.4m | €1.4m | €1.7m | ▲ 16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3.1m | €2.7m | €2.6m | €2.3m | €1.2m | ▼ 49.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | €1,340 | €0 | - | - | - |
| Other operating charges640/8 | €24,985 | €32,088 | €32,053 | €49,000 | €35,878 | ▼ 26.8% |
| Non-recurring operating charges66A | €0 | €348,839 | €71,578 | €0 | €99,019 | - |
| Operating profit (loss)9901 | €400,407 | €372,165 | €208,521 | €709,308 | €2.1m | ▲ 197% |
| Financial income75/76B | €185,181 | €388,984 | €389,511 | €423,396 | €972,528 | ▲ 130% |
| Recurring financial income75 | €185,181 | €388,984 | €389,511 | €423,396 | €972,528 | ▲ 130% |
| Income from financial fixed assets750 | €90,707 | €101,940 | €94,088 | €83,343 | €121,666 | ▲ 46.0% |
| Income from current assets751 | €3,375 | €22,769 | €184,723 | €240,636 | €801,966 | ▲ 233% |
| Other financial income752/9 | €91,099 | €264,275 | €110,700 | €99,417 | €48,896 | ▼ 50.8% |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €32,881 | €288,343 | €16,153 | €161,384 | €169,464 | ▲ 5.0% |
| Recurring financial charges65 | €32,881 | €288,343 | €16,153 | €161,384 | €169,464 | ▲ 5.0% |
| Debt charges650 | €96,345 | €87,020 | €84,300 | €84,323 | €107,914 | ▲ 28.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | -€64,872 | €193,926 | -€71,065 | €73,081 | €56,959 | ▼ 22.1% |
| Other financial charges652/9 | €1,408 | €7,397 | €2,918 | €3,981 | €4,592 | ▲ 15.3% |
| Profit (loss) for the period before taxes9903 | €552,707 | €472,806 | €581,879 | €971,320 | €2.9m | ▲ 200% |
| Income taxes67/77 | €76,306 | €86,060 | €155,328 | €223,259 | €733,209 | ▲ 228% |
| Taxes670/3 | €76,306 | €86,060 | €171,093 | €250,593 | €750,417 | ▲ 199% |
| Tax adjustments and reversals of tax provisions77 | - | - | €15,765 | €27,335 | €17,207 | ▼ 37.0% |
| Profit (loss) for the period9904 | €476,400 | €386,747 | €426,550 | €748,061 | €2.2m | ▲ 191% |
| Transfer from tax-exempt reserves789 | €749,999 | €749,999 | €0 | - | €959 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €959 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €1.2m | €1.1m | €426,550 | €747,102 | €2.2m | ▲ 192% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23.6m | €22.6m | €21.6m | €16.6m | €17.1m | ▲ 2.5% |
| Fixed assets21/28 | €12.8m | €10.4m | €8.0m | €6.0m | €4.9m | ▼ 19.3% |
| Intangible fixed assets21 | €17,047 | €8,962 | €1,682 | €371 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €12.8m | €10.4m | €8.0m | €6.0m | €4.9m | ▼ 19.3% |
| Land and buildings22 | €3.3m | €3.1m | €3.0m | €2.8m | €2.6m | ▼ 6.2% |
| Plant, machinery and equipment23 | €7.8m | €5.5m | €3.3m | €1.6m | €837,953 | ▼ 47.6% |
| Furniture and vehicles24 | €171,172 | €381,157 | €421,694 | €435,305 | €362,080 | ▼ 16.8% |
| Other tangible fixed assets26 | €1.6m | €1.4m | €1.3m | €1.2m | €1.0m | ▼ 12.9% |
| Current assets29/58 | €10.8m | €12.2m | €13.6m | €10.6m | €12.2m | ▲ 14.8% |
| Stocks and contracts in progress3 | €383,955 | €1.2m | €739,297 | €784,951 | €702,861 | ▼ 10.5% |
| Stocks30/36 | €383,955 | €1.2m | €739,297 | €784,951 | €702,861 | ▼ 10.5% |
| Raw materials and consumables30/31 | €333,535 | €1.1m | €553,161 | €686,829 | €620,810 | ▼ 9.6% |
| Goods purchased for resale34 | €50,419 | €119,748 | €186,136 | €98,122 | €82,051 | ▼ 16.4% |
| Amounts receivable within one year40/41 | €2.5m | €2.0m | €2.3m | €2.2m | €2.3m | ▲ 6.4% |
| Trade receivables40 | €2.3m | €1.8m | €1.9m | €1.7m | €2.0m | ▲ 17.9% |
| Other amounts receivable41 | €210,130 | €214,895 | €416,009 | €453,671 | €283,309 | ▼ 37.6% |
| Current investments50/53 | €2.6m | €5.0m | €9.7m | €3.4m | €7.0m | ▲ 105% |
| Other investments51/53 | €2.6m | €5.0m | €9.7m | €3.4m | €7.0m | ▲ 105% |
| Cash at bank and in hand54/58 | €5.3m | €4.0m | €798,849 | €4.1m | €2.0m | ▼ 51.0% |
| Deferred charges and accrued income490/1 | €6,198 | €9,928 | €64,170 | €146,611 | €142,633 | ▼ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23.6m | €22.6m | €21.6m | €16.6m | €17.1m | ▲ 2.5% |
| Equity10/15 | €14.5m | €14.5m | €10.8m | €10.8m | €12.8m | ▲ 18.6% |
| Contributions10/11 | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | = |
| Capital10 | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | = |
| Issued capital100 | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | = |
| Reserves13 | €10.6m | €10.6m | €7.0m | €7.1m | €9.1m | ▲ 28.7% |
| Non-distributable reserves130/1 | €372,500 | €372,500 | €372,500 | €372,500 | €372,500 | = |
| Legal reserve130 | €372,500 | €372,500 | €372,500 | €372,500 | €372,500 | = |
| Tax-exempt reserves132 | €749,999 | €0 | - | €959 | €0 | ▼ 100% |
| Distributable reserves133 | €9.5m | €10.2m | €6.7m | €6.7m | €8.7m | ▲ 30.3% |
| Investment grants15 | €147,666 | €162,675 | €80,640 | €14,292 | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €2,975 | €2,975 | €2,975 | €2,975 | €2,975 | = |
| Provisions for liabilities and charges160/5 | €2,975 | €2,975 | €2,975 | €2,975 | €2,975 | = |
| Pensions and similar obligations160 | €2,975 | €2,975 | €2,975 | €2,975 | €2,975 | = |
| Amounts payable17/49 | €9.1m | €8.2m | €10.8m | €5.8m | €4.2m | ▼ 27.6% |
| Amounts payable after more than one year17 | €5.6m | €4.2m | €2.7m | €1.3m | €0 | ▼ 100% |
| Financial debts170/4 | €5.6m | €4.2m | €2.7m | €1.3m | €0 | ▼ 100% |
| Credit institutions173 | €5.6m | €4.2m | €2.7m | €1.3m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €3.5m | €4.0m | €7.9m | €4.4m | €4.0m | ▼ 10.6% |
| Current portion of amounts payable after more than one year42 | €1.4m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 8.3% |
| Trade debts44 | €983,246 | €1.4m | €1.3m | €1.6m | €1.6m | ▲ 2.6% |
| Suppliers440/4 | €983,246 | €1.4m | €1.3m | €1.6m | €1.6m | ▲ 2.6% |
| Taxes, remuneration and social security45 | €163,171 | €177,838 | €202,115 | €183,140 | €323,508 | ▲ 76.6% |
| Taxes450/3 | €5,265 | €11,405 | €20,601 | €10,498 | €146,450 | ▲ 1,295% |
| Remuneration and social security454/9 | €157,906 | €166,432 | €181,514 | €172,642 | €177,058 | ▲ 2.6% |
| Other amounts payable47/48 | €936,877 | €936,444 | €5.0m | €1.3m | €719,603 | ▼ 42.6% |
| Accrued charges and deferred income492/3 | €8,031 | €36,845 | €78,104 | €82,969 | €258,723 | ▲ 212% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €476,400 | €386,747 | €426,550 | €748,061 | €2.2m | ▲ 191% |
| + Depreciation and write-downs630 | €3.1m | €2.7m | €2.6m | €2.3m | €1.2m | ▼ 49.5% |
| Operating cash flow (approximation) | €3.6m | €3.0m | €3.1m | €3.1m | €3.4m | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | -€256,973 | -€214,771 | -€340,759 | -€18,285 | ▲ 94.6% |
| Change in cash | - | -€1.3m | -€3.2m | €3.3m | -€2.1m | ▼ 163% |
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
10-02
State Gazette act
Reappointment: BV VGD Bedrijfsrevisoren (statutory auditor)Permanent representative: Bart Roose · Resignation: Patrick Vandenbogaerde (director) · Auditor mandate duration5 facts ▸
- General meeting, 16-12-2025
- Auditor reappointment, BV VGD Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Bart Roose
- Director resignation, Patrick Vandenbogaerde (director)
- Auditor mandate duration, onmiddellijk na de gewone algemene vergadering te houden in 2028 die zich zal dienen uit te spreken over de goedkeuring van de jaarrekening voor het boekjaar af…
13-12
State Gazette act
Resignations: SICCARD Nathalie, LOTAR and 2 othersReappointments: SICCARD Nathalie, LOTAR and Vandenbogaerde Patrick · Permanent representatives: SICCARD Gustaaf and SICCARD Nathalie · Statutes amendment23 facts ▸
- General meeting, 07-12-2023
- Statutes amendment
- Capital, €3.725.000
- Director resignation, SICCARD Nathalie (director)
- Director resignation, LOTAR (director)
- Director resignation, Vandenbogaerde Patrick (director)
- Director reappointment, SICCARD Nathalie (non-statutory director)
- Director reappointment, LOTAR (non-statutory director)
- Director reappointment, Vandenbogaerde Patrick (non-statutory director)
- Permanent representative, SICCARD Gustaaf
- Director discharge, SICCARD Nathalie
- Director discharge, LOTAR
- +11 further facts in this act
03-08
State Gazette act
Resignation: Eddy Walraevens (director)Reappointments: Lotar NV, Nathalie Siccard and 2 others · Permanent representative: Gustaaf Siccard7 facts ▸
- General meeting, 30-06-2022
- Director resignation, Eddy Walraevens (director)
- Director reappointment, Lotar NV (director)
- Permanent representative, Gustaaf Siccard
- Director reappointment, Nathalie Siccard (director)
- Director reappointment, Patrick Vandenbogaerde (director)
- Auditor reappointment, VGD Bedrijfsrevisoren BV (statutory auditor)
Show earlier events
19-11
State Gazette act
Resignation: Gustaaf Siccard (director)Appointment: Lotar (managing director) · Permanent representative: Gustaaf Siccard6 facts ▸
- General meeting, 13-10-2020
- Board meeting, 13-10-2020
- Director resignation, Gustaaf Siccard (director)
- Director resignation, Gustaaf Siccard (managing director)
- Director appointment, Lotar (managing director)
- Permanent representative, Gustaaf Siccard
02-10
State Gazette act
Appointment: Eddy Walraevens (director)2 facts ▸
- General meeting, 23-06-2020
- Director appointment, Eddy Walraevens (director)
09-01
State Gazette act
Resignation: Maarten Jansen (director)Appointment: VGD Bedrijfsrevisoren CVBA (statutory auditor)3 facts ▸
- General meeting, 18-11-2019
- Director resignation, Maarten Jansen (director)
- Auditor appointment, VGD Bedrijfsrevisoren CVBA (statutory auditor)
28-05
State Gazette act
Permanent representative: Dirk Van den Broeck1 fact ▸
- Permanent representative, Dirk Van den Broeck
07-06
State Gazette act
Reappointments: Nathalie Siccard, Lotar NV and 3 othersPermanent representative: Gustaaf Siccard9 facts ▸
- General meeting, 25-03-2016
- Director reappointment, Nathalie Siccard (director)
- Director reappointment, Lotar NV (director)
- Permanent representative, Gustaaf Siccard
- Director reappointment, Maarten Jansen (director)
- Director reappointment, Patrick Vandenbogaerde (director)
- Auditor reappointment, Grant Thornton Bedrijfsrevisoren CVBA (statutory auditor)
- Board meeting, 25-03-2016
- Director reappointment, Nathalie Siccard (managing director)
12-11
State Gazette act
Resignation: Christiare De Smedt (director)2 facts ▸
- General meeting, 31-03-2014
- Director resignation, Christiare De Smedt (director)
04-08
State Gazette act
Reappointment: Gustaaf Siccard (director)3 facts ▸
- General meeting, 28-03-2014
- Director reappointment, Gustaaf Siccard (director)
- Director reappointment, Gustaaf Siccard (managing director)
04-11
State Gazette act
Reappointment: Grant Thornton Bedrijfsrevisoren CVBA (statutory auditor)2 facts ▸
- General meeting, 29-03-2013
- Auditor reappointment, Grant Thornton Bedrijfsrevisoren CVBA
04-11
State Gazette act
Reappointment: Maarten Jansen (director)2 facts ▸
- General meeting, 29-03-2013
- Director reappointment, Maarten Jansen (director)
04-05
State Gazette act
Appointment: Maarten Jansen (director)2 facts ▸
- General meeting, 30-03-2012
- Director appointment, Maarten Jansen (director)
19-03
State Gazette act
Appointment: Christiane De Smedt (director)Mandate compensation3 facts ▸
- General meeting, 28-02-2012
- Director appointment, Christiane De Smedt (director)
- Mandate compensation, Christiane De Smedt
16-01
State Gazette act
Appointment: Lotar (director)Permanent representative: Gustaaf Siccard · Mandate compensation4 facts ▸
- General meeting, 14-11-2011
- Director appointment, Lotar (director)
- Permanent representative, Gustaaf Siccard
- Mandate compensation, Lotar
09-01
State Gazette act
Capital & sharesStatutes amendment2 facts ▸
- General meeting, 19-12-2011
- Statutes amendment
25-03
State Gazette act
Resignation: Didier Emst (director)Appointments: Nathalie Siccard, Patrick Vandenbogaerde and François Villers · Mandate compensation9 facts ▸
- General meeting, 25-01-2011
- Director resignation, Didier Emst (director)
- Director appointment, Nathalie Siccard (director)
- Director appointment, Patrick Vandenbogaerde (director)
- Mandate compensation, Nathalie Siccard
- Mandate compensation, Patrick Vandenbogaerde
- Board meeting, 25-01-2011
- Director appointment, Nathalie Siccard (managing director)
- Director appointment, François Villers (algemeen directeur)
20-05
State Gazette act
Reappointment: PKF bedrijfsrevisoren (statutory auditor)Permanent representative: Geert Lefebvre3 facts ▸
- General meeting, 26/03/2010
- Auditor reappointment, PKF bedrijfsrevisoren
- Permanent representative, Geert Lefebvre
14-04
State Gazette act
Reappointments: Gustaaf Siccard (director) and Didier Ernst (director)Mandate compensation7 facts ▸
- General meeting, 28-03-2008
- Director reappointment, Gustaaf Siccard (director)
- Director reappointment, Didier Ernst (director)
- Mandate compensation, Gustaaf Siccard
- Mandate compensation, Didier Ernst
- Board meeting, 28-03-2008
- Director reappointment, Gustaaf Siccard (managing director)
Directors · office · real estate
Board 2
3 not recently confirmed
Day-to-day management 2
Permanent representatives 1
Statutory auditor 1
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11372A0312/00L000 | Flanders | 5,100 m² | 1 · 2,520 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Nathalie Siccard |
|
| LOTAR |
|
| VGD Bedrijfsrevisoren |
|
| Didier Ernst |
|
| Christiane De Smedt |
|
| Lotar NV |
|
| Patrick Vandenbogaerde |
|
| VILLERS François |
|
| Eddy Walraevens |
|
| SICCARD Gustaaf |
|
| Grant Thornton, Bedrijfsrevisoren CVBA |
|
| Maarten Jansen |
|
| Christiare De Smedt |
|
| PKF bedrijfsrevisoren |
|
| Didier Emst |
|
Articles of association
Full purpose
De fabricatie, de aan- en verkoop, in 't groot of in 't klein, de vertegenwoordiging, het vervoer, het bedrijf en de consumptie van en in alle voedingswaren, eetwaren en dranken, meer in het bijzonder van brood, pasteigebak, confiserie en alle artikelen die behoren tot de banketbakkerij, en al wat hiermede rechtstreeks of onrechtstreeks verband houdt of erbij behoort. Het verwerven, vervreemden, beheren, uitbaten, valoriseren, verkavelen, huren en verhuren, het doen bouwen of verbouwen van onroerende goederen, evenals welkdanige onroerende transacties en verrichtingen in de meest ruime zin. De vennootschap mag voor eigen rekening en/of voor rekening van derden eventueel als tussenpersoon alle commerciële, industriële, financiële, roerende en onroerende handelingen verrichten, die rechtstreeks of onrechtstreeks, geheel of gedeeltelijk verband houdend met haar voorwerp en die van aard zouden zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden. Zij mag deelnemen bij wijze van inbreng, versmelting, inschrijving of andere tussenkomst, aan alle bestaande of op te richten vennootschappen, zowel in België als in het buitenland en waarvan het voorwerp gelijkaardig of aanverwant is aan het hare. Deze opsomming is verklarend en niet beperkend en moet verstaan worden in de meest uitgebreide zin. Zij kan de functie of het mandaat van bestuurder of vereffenaar van andere vennootschappen uitoefenen. Zij kan borg staan, onder om het even welke vorm, ten voordele van haar eigen bestuurders, aandeelhouders en andere vennootschappen.
Structure & network
Owners and holdings
2 ownersChain of control
- LOTAR
- PATROBA
Highest known parent: LOTAR. The sources do not say who stands above it.
Owners 2
- LOTARparent99.99%
- Gustaaf Siccardnatural personSourceown accounts 20250.01%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of PATROBA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
3 connected companiesCapital and shareholders
- 13-12-2023 Capital stated in the act · 3,725,000 EUR · 150,000 shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 5,577 EUR awarded · 6,393 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,689 EUR | 4,827 EUR |
| 2024 | 1 | 858 EUR | 1,536 EUR |
| 2022 | 1 | 30 EUR | 30 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteDual-learning approval
7 endedLegal Entity Identifier
Similar companies · same sector, comparable size
Identification & contact
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.