PATS
ActiveSummary
PATS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€703,137) and a net result of -€1.6m. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 5% of 494 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 494 sector peers (2025).
NBB · sector comparisonPosition among 494 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-01-2026, 111 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
111 d early
2024
111 d early
2023
99 d early
2022
107 d early
2021
68 d early
2020
31 d early
2019
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 79 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 13 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#9 oldest company in Ostend, Finance and insurance sector
Equity
-€703,137
2024 · €927,868
Net result
-€1.6m▼ 2,031%
2024 · -€76,534
Total assets
€669,212▼ 92.1%
2024 · €8.4m
Solvency
-105.1%▼ 116.1pp
2024 · 11.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€8.5m€8.2m▼ 3.7%
Operating result€35,955▲ 183%€16,076▼ 55.3%€166,855▲ 938%-€67,680-€1.5m▼ 2,151%
Net result€24,492within the sector's middle half▲ 126%€8,990below the sector's middle half▼ 63.3%€127,875within the sector's middle half▲ 1,322%-€76,534below the sector's middle half-€1.6mbelow the sector's middle half▼ 2,031%
Equity€867,537within the sector's middle half▲ 2.9%€876,527within the sector's middle half▲ 1.0%€1.0mwithin the sector's middle half▲ 14.6%€927,868within the sector's middle half▼ 7.6%-€703,137below the sector's middle half
Total assets€989,202within the sector's middle half=€923,735within the sector's middle half▼ 6.6%€1.2mwithin the sector's middle half▲ 30.4%€8.4mabove the sector's middle half▲ 600%€669,212below the sector's middle half▼ 92.1%
Debt€121,664▼ 16.7%€47,207▼ 61.2%€199,734▲ 323%€7.5m▲ 3,653%€1.4m▼ 81.7%
Working capital€866,244above the sector's middle half▲ 2.9%€875,234above the sector's middle half▲ 1.0%€1.0mabove the sector's middle half▲ 15.0%€915,929above the sector's middle half▼ 9.0%-€469,659below the sector's middle half
Solvency87.7%above the sector's middle half▲ 2.5pp94.9%above the sector's middle half▲ 7.2pp83.4%above the sector's middle half▼ 11.5pp11.0%below the sector's middle half▼ 72.4pp-105.1%below the sector's middle half▼ 116.1pp
Current ratio8.12above the sector's middle half▲ 1.3619.54above the sector's middle half▲ 11.426.14above the sector's middle half▼ 13.401.12within the sector's middle half▼ 5.020.58below the sector's middle half▼ 0.54
Return on assets (ROA)2.5%within the sector's middle half▲ 1.4pp1.0%below the sector's middle half▼ 1.5pp10.6%within the sector's middle half▲ 9.6pp-0.9%below the sector's middle half▼ 11.5pp-243.7%below the sector's middle half▼ 242.8pp
Staff (FTE)2.9within the sector's middle half▲ 3.6%2.8within the sector's middle half▼ 3.4%6.7within the sector's middle half▲ 139%7.7within the sector's middle half▲ 14.9%6.9within the sector's middle half▼ 10.4%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.5m in 2025 against €67,680 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €669,212
Fixed assets
€8,189 ▼ 31.4%
Current assets
€661,023 ▼ 92.1%
Key figures and ratios
Debt ≤ 1 year
€1.1m▼
2024 · €7.5m
Income taxes
€1,047▲
2024 · €147
Staff costs
€636,009▼
2024 · €689,327
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €218,375 | €774,314 | €8.7m | €8.2m | ▼ 6.1% |
| Turnover70 | - | - | - | €8.5m | €8.2m | ▼ 3.7% |
| Other operating income74 | - | €218,375 | €774,314 | €252,577 | €14,646 | ▼ 94.2% |
| Non-recurring operating income76A | - | - | - | - | €17,431 | - |
| Operating charges60/66A | - | €202,299 | €607,459 | €8.8m | €9.7m | ▲ 10.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | €7.8m | €7.6m | ▼ 2.0% |
| Purchases600/8 | - | - | - | €7.8m | €7.6m | ▼ 2.0% |
| Services and other goods61 | - | €54,336 | €85,585 | €332,322 | €1.0m | ▲ 205% |
| Remuneration, social security and pensions62 | - | €146,092 | €520,893 | €689,327 | €636,009 | ▼ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €604 | €3,750 | ▲ 520% |
| Other operating charges640/8 | - | €1,870 | €980 | €1,491 | €242,762 | ▲ 16,185% |
| Non-recurring operating charges66A | - | - | - | - | €206,865 | - |
| Operating profit (loss)9901 | €35,955 | €16,076 | €166,855 | -€67,680 | -€1.5m | ▼ 2,151% |
| Financial income75/76B | - | - | €12,324 | €24,379 | €1,872 | ▼ 92.3% |
| Recurring financial income75 | €3 | - | €12,324 | €24,379 | €1,872 | ▼ 92.3% |
| Income from current assets751 | - | - | €12,324 | €24,377 | €1,872 | ▼ 92.3% |
| Other financial income752/9 | - | - | - | €3 | €0 | ▼ 98.9% |
| Financial charges65/66B | - | €1,063 | €1,409 | €33,086 | €108,452 | ▲ 228% |
| Recurring financial charges65 | €1,598 | €1,063 | €1,409 | €33,086 | €108,452 | ▲ 228% |
| Debt charges650 | €933 | €371 | €799 | €32,350 | €107,292 | ▲ 232% |
| Other financial charges652/9 | - | €692 | €610 | €736 | €1,161 | ▲ 57.7% |
| Profit (loss) for the period before taxes9903 | €34,360 | €15,013 | €177,770 | -€76,387 | -€1.6m | ▼ 2,034% |
| Income taxes67/77 | €9,868 | €6,023 | €49,895 | €147 | €1,047 | ▲ 611% |
| Taxes670/3 | - | €6,023 | €49,895 | €147 | €1,047 | ▲ 611% |
| Profit (loss) for the period9904 | €24,492 | €8,990 | €127,875 | -€76,534 | -€1.6m | ▼ 2,031% |
| Profit (loss) for the period to be appropriated9905 | €24,492 | €8,990 | €127,875 | -€76,534 | -€1.6m | ▼ 2,031% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €989,202 | €923,735 | €1.2m | €8.4m | €669,212 | ▼ 92.1% |
| Fixed assets21/28 | €1,293 | €1,293 | €1,293 | €11,939 | €8,189 | ▼ 31.4% |
| Intangible fixed assets21 | - | - | - | €10,646 | €6,896 | ▼ 35.2% |
| Financial fixed assets28 | €1,293 | €1,293 | €1,293 | €1,293 | €1,293 | = |
| Other financial fixed assets284/8 | - | €1,293 | €1,293 | €1,293 | €1,293 | = |
| Shares284 | - | €1,293 | €1,293 | €1,293 | €1,293 | = |
| Current assets29/58 | €987,908 | €922,442 | €1.2m | €8.4m | €661,023 | ▼ 92.1% |
| Amounts receivable within one year40/41 | €987,908 | €922,097 | €1.2m | €8.4m | €660,415 | ▼ 92.1% |
| Trade receivables40 | - | €78,061 | €42,915 | €8.3m | €541,994 | ▼ 93.5% |
| Other amounts receivable41 | - | €844,036 | €1.2m | €48,744 | €118,420 | ▲ 143% |
| Deferred charges and accrued income490/1 | - | €344 | €1,060 | €13,307 | €608 | ▼ 95.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €989,202 | €923,735 | €1.2m | €8.4m | €669,212 | ▼ 92.1% |
| Equity10/15 | €867,537 | €876,527 | €1.0m | €927,868 | -€703,137 | ▼ 176% |
| Contributions10/11 | €86,000 | €86,000 | €86,000 | €86,000 | €86,000 | = |
| Capital10 | - | €86,000 | €86,000 | €86,000 | €86,000 | = |
| Issued capital100 | - | €86,000 | €86,000 | €86,000 | €86,000 | = |
| Reserves13 | €9,356 | €9,356 | €9,356 | €9,356 | €9,356 | = |
| Non-distributable reserves130/1 | - | €8,600 | €8,600 | €8,600 | €8,600 | = |
| Legal reserve130 | - | €8,600 | €8,600 | €8,600 | €8,600 | = |
| Distributable reserves133 | - | €756 | €756 | €756 | €756 | = |
| Profit (loss) carried forward14 | €772,181 | €781,171 | €909,046 | €832,512 | -€798,493 | ▼ 196% |
| Amounts payable17/49 | €121,664 | €47,207 | €199,734 | €7.5m | €1.4m | ▼ 81.7% |
| Amounts payable within one year42/48 | €121,664 | €47,207 | €195,965 | €7.5m | €1.1m | ▼ 84.9% |
| Trade debts44 | €91,566 | €9,239 | €12,326 | €1.9m | €1.0m | ▼ 45.7% |
| Suppliers440/4 | - | €9,239 | €12,326 | €1.9m | €1.0m | ▼ 45.7% |
| Taxes, remuneration and social security45 | - | €37,968 | €183,639 | €144,399 | €95,135 | ▼ 34.1% |
| Taxes450/3 | - | €6,829 | €64,912 | €8,576 | €2 | ▼ 100.0% |
| Remuneration and social security454/9 | - | €31,140 | €118,727 | €135,823 | €95,133 | ▼ 30.0% |
| Other amounts payable47/48 | - | - | - | €5.4m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | €3,769 | - | €241,668 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,492 | €8,990 | €127,875 | -€76,534 | -€1.6m | ▼ 2,031% |
| + Depreciation and write-downs630 | - | - | - | €604 | €3,750 | ▲ 520% |
| Operating cash flow (approximation) | €24,492 | €8,990 | €127,875 | -€75,930 | -€1.6m | ▼ 2,043% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€11,250 | €0 | ▲ 100% |
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
28-09
State Gazette act
Resignation: Hans Van den Bossche (director)Appointments: Maximiliaan Vanheukelen (director) and Brianne Jegerings (director) · Director discharge · Power of attorney5 facts ▸
State Gazette act
Resignation: Hans Van den Bossche (director)
Appointments: Maximiliaan Vanheukelen (director) and Brianne Jegerings (director) · Director discharge · Power of attorney5 facts ▸
- Director resignation, Hans Van den Bossche (director)
- Director discharge, Hans Van den Bossche (director)
- Director appointment, Maximiliaan Vanheukelen (director)
- Director appointment, Brianne Jegerings (director)
- Power of attorney, Ellen Vande Kerkhove
09-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Weakest financial yearnet -€1.6m
Net result drops to -€1.6m, the lowest in the series.
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2018net €127,875 ▲1,322%
Operating result €166,855, net result €127,875, both a record.
30-09
Financial
Equity above €1mEq €1.0m ▲14.6%
6 profitable years in a row build equity to €1.0m.
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Liquidity doublescurrent ratio 19.54
Current ratio from 8.12 to 19.54; short-term debt falls from €121,664 to €47,207.
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
04-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 43 days late
2017
17-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 18 acts read
About the unread acts
Of the 18 Belgian State Gazette acts we know for this company, 2 have been read. The other 16 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Brianne Jegerings
CurrentDirector · since 31-07-2026
Maximiliaan Vanheukelen
CurrentDirector · since 31-07-2026
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
16 of this company's 18 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, Oostende · 2 establishment units since 1995
Ground area
2.1 ha
Building footprint
1.3 ha
Volume, LiDAR
285,843 m³
2 parcels, Flanders · tallest building 30.6 m, ±8 floors. Linked by address, not a title deed.
18
companies at this address
See who is registered here
2 establishment units
PATS NV
since 19952.041.665.304
PATS
since 20192.323.686.666
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094A0072/00G000 | Flanders | 1.4 ha | 1 · 1.0 ha | 30.6 m · 8 fl. |
| 35383C0191/00L000 | Flanders | 6,549 m² | 1 · 3,078 m² | 23.4 m · 5 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.
Mandate history
3 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Brianne Jegerings |
|
| Maximiliaan Vanheukelen |
|
| Hans Van den Bossche |
|
Structure & network
Part of the group
TUI AG
9 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- TUI AGDE
- TUI Belgium
- PATS
Highest known parent: TUI AG (Germany). The sources do not say who stands above it.
Owners 1
- TUI Belgiumparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 853 companies in sector 66210 we hold annual accounts for 511. 300 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
Founded02-12-1988
Fiscal year end30-09
Activities, NACEBEL 2025
79120Travel agency, tour operator and other reservation service and related activities
66210Risk and damage evaluation
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436072606
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.