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Patsy

Active
Private limited company (pre-2019)founded 201214 yrs activeBierbeekstraat 3, 3360 Bierbeek, BelgiumKBO/BCE: BE 0849.428.307
Summary

The computed 12-month bankruptcy probability of Patsy is 2.1% (moderate). The 2025 annual accounts show negative equity (-€141,503) and a net result of -€3,043. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.07 in 2024; cash: 1.2% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Return on assets
-29.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€141,503
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
25 d late
2024
29 d late
2023
30 d late
2022
3 d early
2021
12 d early
2020
30 d late
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 19 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 25 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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

Patsy was incorporated on 1 September 2012.1 Total assets fell from EUR 21,351 in 2018 to EUR 10,275 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€141,503▼ 2.2%
2024 · -€138,460
Total assets
€10,275▼ 6.2%
2024 · €10,955
Net result
-€3,043▼ 13.6%
2024 · -€2,679
Working capital
-€141,503▼ 2.2%
2024 · -€138,460
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-€5,210▼ 166%-€16,314▼ 213%-€110,429▼ 577%-€2,618▲ 97.6%-€2,998▼ 14.5%
Net result-€5,277▲ 72.7%-€16,353▼ 210%-€110,468▼ 576%-€2,679▲ 97.6%-€3,043▼ 13.6%
Equity-€8,961▼ 143%-€25,313▼ 182%-€135,781▼ 436%-€138,460▼ 2.0%-€141,503▼ 2.2%
Total assets€12,084▲ 1.4%€88,103▲ 629%€11,494▼ 87.0%€10,955▼ 4.7%€10,275▼ 6.2%
Debt€21,045▲ 34.9%€113,416▲ 439%€147,275▲ 29.9%€149,415▲ 1.5%€151,779▲ 1.6%
Working capital-€8,961▼ 143%-€25,313▼ 182%-€135,781▼ 436%-€138,460▼ 2.0%-€141,503▼ 2.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0Operating result 2021: -€5,210-€5,210Net result 2021: -€5,277-€5,277Operating result 2022: -€16,314-€16,314Net result 2022: -€16,353-€16,353Operating result 2023: -€110,429-€110,429Net result 2023: -€110,468-€110,468Operating result 2024: -€2,618-€2,618Net result 2024: -€2,679-€2,679Operating result 2025: -€2,998-€2,998Net result 2025: -€3,043-€3,04320212022202320242025-€150,000-€100,000-€50,000€0Operating result 2023: -€110,429-€110,000Net result 2023: -€110,468-€110,000Operating result 2024: -€2,618-€2,620Net result 2024: -€2,679-€2,680Operating result 2025: -€2,998-€3,000Net result 2025: -€3,043-€3,040202320242025
The operating result stays negative: a loss of €2,998 in 2025 against €2,618 in 2024; the loss grows.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.07▼
2024 · 0.07
Debt to equity
-1.07▲
2024 · -1.08
ROA
-29.6%▼
2024 · -24.5%
Debt ≤ 1 year
€151,779▲
2024 · €149,415
A ratio outside any meaningful range has been withheld (balance sheet total €10,275, equity -€141,503).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
5.5% went bankrupt
8.0% stopped otherwise
85% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,662 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 6,940 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 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€10,955€10,275▼
Current assets29/58€10,955€10,275▼
Amounts receivable within one year40/41€10,150€10,150=
Other amounts receivable41€10,150€10,150=
Cash at bank and in hand54/58€804€125▼
Equity and liabilities
Total equity and liabilities10/49€10,955€10,275▼
Equity10/15-€138,460-€141,503▼
Contributions10/11€18,550€18,550=
Reserves13€2,972€2,972=
Non-distributable reserves130/1€1,855€1,855=
Reserves not available under the articles1311€1,855€1,855=
Tax-exempt reserves132€850€850=
Distributable reserves133€267€267=
Profit (loss) carried forward14-€159,982-€163,025▼
Amounts payable17/49€149,415€151,779▲
Amounts payable within one year42/48€149,415€151,779▲
Trade debts44€1,368€3,732▲
Suppliers440/4€1,368€3,732▲
Other amounts payable47/48€148,047€148,047=
Income statement Code20242025
Other operating charges640/8€800-
Gross operating margin9900-€1,818-€2,998▼
Operating profit (loss)9901-€2,618-€2,998▼
Financial charges65/66B€61€45▼
Recurring financial charges65€61€45▼
Profit (loss) for the period before taxes9903-€2,679-€3,043▼
Profit (loss) for the period9904-€2,679-€3,043▼
Profit (loss) for the period to be appropriated9905-€2,679-€3,043▼
Appropriation of the result
Profit (loss) to be appropriated9906-€159,982-€163,025▼
Profit (loss) brought forward from the previous period14P-€157,303-€159,982▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€348€9,465€98,430€800--
Gross operating margin9900-€4,863-€6,849-€11,999-€1,818-€2,998▼ 64.9%
Operating profit (loss)9901-€5,210-€16,314-€110,429-€2,618-€2,998▼ 14.5%
Financial charges65/66B€67€39€39€61€45▼ 25.7%
Recurring financial charges65€67€39€39€61€45▼ 25.7%
Profit (loss) for the period before taxes9903-€5,277-€16,353-€110,468-€2,679-€3,043▼ 13.6%
Profit (loss) for the period9904-€5,277-€16,353-€110,468-€2,679-€3,043▼ 13.6%
Profit (loss) for the period to be appropriated9905-€5,277-€16,353-€110,468-€2,679-€3,043▼ 13.6%
Line20212022202320242025Change
Assets
Total assets20/58€12,084€88,103€11,494€10,955€10,275▼ 6.2%
Current assets29/58€12,084€88,103€11,494€10,955€10,275▼ 6.2%
Amounts receivable within one year40/41€11,557€87,729€10,150€10,150€10,150=
Other amounts receivable41€11,557€87,729€10,150€10,150€10,150=
Cash at bank and in hand54/58€527€373€1,344€804€125▼ 84.5%
Equity and liabilities
Total equity and liabilities10/49€12,084€88,103€11,494€10,955€10,275▼ 6.2%
Equity10/15-€8,961-€25,313-€135,781-€138,460-€141,503▼ 2.2%
Contributions10/11€18,550€18,550€18,550€18,550€18,550=
Reserves13€2,972€2,972€2,972€2,972€2,972=
Non-distributable reserves130/1€1,855€1,855€1,855€1,855€1,855=
Reserves not available under the articles1311€1,855€1,855€1,855€1,855€1,855=
Tax-exempt reserves132€850€850€850€850€850=
Distributable reserves133€267€267€267€267€267=
Profit (loss) carried forward14-€30,482-€46,835-€157,303-€159,982-€163,025▼ 1.9%
Amounts payable17/49€21,045€113,416€147,275€149,415€151,779▲ 1.6%
Amounts payable within one year42/48€21,045€113,416€147,275€149,415€151,779▲ 1.6%
Trade debts44-€121€1,729€1,368€3,732▲ 173%
Suppliers440/4-€121€1,729€1,368€3,732▲ 173%
Other amounts payable47/48€21,045€113,295€145,547€148,047€148,047=
Line20212022202320242025Change
Profit (loss) for the period9904-€5,277-€16,353-€110,468-€2,679-€3,043▼ 13.6%
Operating cash flow (approximation)-€5,277-€16,353-€110,468-€2,679-€3,043▼ 13.6%
Change in cash--€154€970-€540-€679▼ 25.9%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
25-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial Weakest financial yearnet -€110,468
Net result drops to -€110,468, the lowest in the series; recovery starts the following year.
28-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial Highest result since 2018net €1,357 ▲1,623%
Operating result €1,852, net result €1,357, both a record.
30-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
27-09
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
22-03
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 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
8 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, Bierbeek · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
1,909 m²
Building footprint
1,156 m²
Volume, LiDAR
12,181 m³
2 parcels, Flanders · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Patribel Syndicus
Frederik Lintsstraat 15, 3000 LeuvenProperty management for co-owned buildings (syndics)
since 20122.213.796.950
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24053B0194/00W000indicative Flanders 1,734 m² 1 · 1,064 m² 16.6 m · 4 fl.
24502C0146/00W004 Flanders 176 m² 1 · 92 m² 15.8 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

2 owners

Chain of control

  1. SYNDIX 100%
  2. Patsy

Highest known parent: SYNDIX. The sources do not say who stands above it.

Owners 2

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

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded01-09-2012
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0849428307
Also 9925:BE0849428307

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.