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Patsan

Active
Private limited companyfounded 20233 yrs activeFlor Alpaertsstraat 75, 2600 Antwerpen, BelgiumKBO/BCE: BE 0804.448.219
Summary

The computed 12-month bankruptcy probability of Patsan is 2.5% (moderate). The 2025 annual accounts show equity of €50,722 and a net result of €45,722. Its solvency ranks better than 53% of 28254 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability100
Solvency75
Growth-
Track record79
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.66; short-term debt: 39.7% and cash: 50% of total assets), but 50.2% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
49.8%
Return on assets
44.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-01-2026, 25 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
25 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 1 August 2023, Patsan was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€50,722
Total assets
€101,779
Net result
€45,722
Working capital
€26,488

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €101,779
Fixed assets €34,856
Current assets €66,924
Equity and liabilities €101,779
Equity €50,722
Debt €51,058
Debt finances 50.2% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€86,192
Cash flow
€66,064
Current ratio
1.66
Debt to equity
1.01
ROE
90.1%
ROA
44.9%
Interest coverage
32.52
Debt ≤ 1 year
€40,436
Debt > 1 year
€10,622
Income taxes
€17,491

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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
Filed annual accounts As filed with the NBB · 2025 · 40 lines
Balance sheet Code2025
Assets
Total assets20/58€101,779
Fixed assets21/28€34,856
Tangible fixed assets22/27€34,856
Furniture and vehicles24€34,856
Current assets29/58€66,924
Amounts receivable within one year40/41€15,611
Trade receivables40€14,312
Other amounts receivable41€1,299
Cash at bank and in hand54/58€50,920
Deferred charges and accrued income490/1€393
Equity and liabilities
Total equity and liabilities10/49€101,779
Equity10/15€50,722
Contributions10/11€5,000
Reserves13€45,722
Distributable reserves133€45,722
Amounts payable17/49€51,058
Amounts payable after more than one year17€10,622
Financial debts170/4€10,622
Amounts payable within one year42/48€40,436
Current portion of amounts payable after more than one year42€21,021
Trade debts44€2,628
Suppliers440/4€2,628
Taxes, remuneration and social security45€16,345
Taxes450/3€16,345
Other amounts payable47/48€442
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,342
Other operating charges640/8€986
Gross operating margin9900€87,178
Operating profit (loss)9901€65,850
Financial income75/76B€14
Recurring financial income75€14
Financial charges65/66B€2,651
Recurring financial charges65€2,651
Profit (loss) for the period before taxes9903€63,213
Income taxes67/77€17,491
Profit (loss) for the period9904€45,722
Profit (loss) for the period to be appropriated9905€45,722
Appropriation of the result
Profit (loss) to be appropriated9906€45,722
Transfer to equity691/2€45,722
To other reserves6921€45,722

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,342
Other operating charges640/8€986
Gross operating margin9900€87,178
Operating profit (loss)9901€65,850
Financial income75/76B€14
Recurring financial income75€14
Financial charges65/66B€2,651
Recurring financial charges65€2,651
Profit (loss) for the period before taxes9903€63,213
Income taxes67/77€17,491
Profit (loss) for the period9904€45,722
Profit (loss) for the period to be appropriated9905€45,722
Line2025
Assets
Total assets20/58€101,779
Fixed assets21/28€34,856
Tangible fixed assets22/27€34,856
Furniture and vehicles24€34,856
Current assets29/58€66,924
Amounts receivable within one year40/41€15,611
Trade receivables40€14,312
Other amounts receivable41€1,299
Cash at bank and in hand54/58€50,920
Deferred charges and accrued income490/1€393
Equity and liabilities
Total equity and liabilities10/49€101,779
Equity10/15€50,722
Contributions10/11€5,000
Reserves13€45,722
Distributable reserves133€45,722
Amounts payable17/49€51,058
Amounts payable after more than one year17€10,622
Financial debts170/4€10,622
Amounts payable within one year42/48€40,436
Current portion of amounts payable after more than one year42€21,021
Trade debts44€2,628
Suppliers440/4€2,628
Taxes, remuneration and social security45€16,345
Taxes450/3€16,345
Other amounts payable47/48€442
Line2025
Profit (loss) for the period9904€45,722
+ Depreciation and write-downs630€20,342
Operating cash flow (approximation)€66,064

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
06-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
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, Antwerpen · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
601 m²
Building footprint
472 m²
Volume, LiDAR
2,740 m³
Parcel 11003A0347/00T000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Patsan loodgieterij
Flor Alpaertsstraat 75, 2600 AntwerpenPlumbing work
since 20232.348.708.708
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11003A0347/00T000 Flanders 601 m² 1 · 472 m² 11.7 m · 2 fl.
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.

Public money · subsidies and aid

Flemish government

2023 · 1 entry · 179 EUR awarded · 179 EUR paid
Year Entries awardedpaid
2023 1 179 EUR179 EUR
Schemes
1 entry · 179 EUR · 179 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 7,044 companies in sector 43221 we hold annual accounts for 3,477. 2,971 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded01-08-2023
Fiscal year end30-06
Activities, NACEBEL 2025
43221Plumbing work
Contact
Website www.patsan.be/Antwerpen
E-mail info@patsan.beAntwerpen
Phone +32 471 76 39 75Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID 0208:0804448219
Also 9925:BE0804448219
Registered 17-11-2025

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.