Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2020 to 2025 closed with a loss. 2023 was the heaviest.
In July 2024, 6,909 companies had the same profile as Patsy has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,909 companies, not a prediction for Patsy. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Patsy files the micro format. That format states no turnover. The gross margin fell from €127,936 in 2014 to -€2,998 in 2025.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
10,275 | 10,955 | 11,494 | 88,103 | 12,084 | 11,914 | 21,671 | 21,351 | 19,214 | 20,961 | 55,176 | 104,717 | |
21/28 |
- | - | - | - | - | - | - | - | - | 2,073 | 726 | 51,085 | |
21 |
- | - | - | - | - | - | - | - | - | - | 726 | 28,725 | |
22/27 |
- | - | - | - | - | - | - | - | - | 2,073 | - | 22,360 | |
24 |
- | - | - | - | - | - | - | - | - | 2,073 | - | 10,550 | |
26 |
- | - | - | - | - | - | - | - | - | - | - | 11,811 | |
29/58 |
10,275 | 10,955 | 11,494 | 88,103 | 12,084 | 11,914 | 21,671 | 21,351 | 19,214 | 18,888 | 54,450 | 53,631 | |
40/41 |
10,150 | 10,150 | 10,150 | 87,729 | 11,557 | 11,557 | 17,622 | 17,760 | 16,420 | 15,869 | 36,881 | 49,637 | |
40 |
- | - | - | - | - | - | 15,943 | 16,081 | 14,741 | 14,190 | 9,187 | 31,493 | |
41 |
10,150 | 10,150 | 10,150 | 87,729 | 11,557 | 11,557 | 1,679 | 1,679 | 1,679 | 1,679 | 27,694 | 18,143 | |
54/58 |
125 | 804 | 1,344 | 373 | 527 | 357 | 4,050 | 3,591 | 2,794 | 3,019 | 17,569 | 3,396 | |
490/1 |
- | - | - | - | - | - | - | - | - | - | - | 599 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
10,275 | 10,955 | 11,494 | 88,103 | 12,084 | 11,914 | 21,671 | 21,351 | 19,214 | 20,961 | 55,176 | 104,717 | |
10/15 |
-141,503 | -138,460 | -135,781 | -25,313 | -8,961 | -3,684 | 15,647 | 14,290 | 14,211 | 9,506 | -1,100 | -12,526 | |
10/11 |
18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 6,483 | 6,483 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | - | - | - | - | 12,067 | 12,067 | |
13 |
2,972 | 2,972 | 2,972 | 2,972 | 2,972 | 2,972 | 2,972 | 2,972 | 2,972 | 2,972 | 1,711 | 1,711 | |
130/1 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,855 | 1,855 | 1,855 | 1,855 | 594 | 594 | |
1311 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | |
132 |
850 | 850 | 850 | 850 | 850 | 850 | 850 | 850 | 850 | 850 | 850 | 850 | |
133 |
267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | |
14 |
-163,025 | -159,982 | -157,303 | -46,835 | -30,482 | -25,206 | -5,874 | -7,232 | -7,310 | -12,016 | -9,294 | -20,719 | |
17/49 |
151,779 | 149,415 | 147,275 | 113,416 | 21,045 | 15,598 | 6,024 | 7,061 | 5,003 | 11,455 | 56,276 | 117,243 | |
42/48 |
151,779 | 149,415 | 147,275 | 113,416 | 21,045 | 15,598 | 6,024 | 7,061 | 5,003 | 11,455 | 56,276 | 117,243 | |
42 |
- | - | - | - | - | - | - | - | - | - | 7,769 | - | |
43 |
- | - | - | - | - | - | - | - | - | - | 66 | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | 66 | - | |
44 |
3,732 | 1,368 | 1,729 | 121 | - | - | - | 2,796 | 738 | - | 18,861 | 36,382 | |
440/4 |
3,732 | 1,368 | 1,729 | 121 | - | - | - | 2,796 | 738 | - | 18,861 | 36,382 | |
45 |
- | - | - | - | - | 275 | 275 | - | - | 1,695 | 28,441 | 27,413 | |
450/3 |
- | - | - | - | - | 275 | 275 | - | - | 152 | 6,152 | 864 | |
454/9 |
- | - | - | - | - | - | - | - | - | 1,543 | 22,288 | 26,549 | |
47/48 |
148,047 | 148,047 | 145,547 | 113,295 | 21,045 | 15,323 | 5,749 | 4,265 | 4,265 | 9,760 | 1,139 | 53,447 | |
| Income statement | |||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | 40,711 | - | |
9900 |
-2,998 | -1,818 | -11,999 | -6,849 | -4,863 | -1,610 | 1,852 | 450 | 6,908 | 54,388 | 196,473 | 127,936 | |
62 |
- | - | - | - | - | - | - | - | - | 43,184 | 213,654 | 131,810 | |
630 |
- | - | - | - | - | - | - | - | 1,036 | 1,762 | 2,070 | 14,590 | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | -2,500 | |
640/8 |
- | 800 | 98,430 | 9,465 | 348 | 348 | - | 348 | - | - | 5,828 | 3,975 | |
66A |
- | - | - | - | - | 16,901 | - | - | 1,036 | - | - | - | |
9901 |
-2,998 | -2,618 | -110,429 | -16,314 | -5,210 | -1,958 | 1,852 | 103 | 4,836 | 9,442 | -25,079 | -19,940 | |
75/76B |
- | - | - | - | - | - | - | - | 0 | 420 | 302 | 91 | |
75 |
- | - | - | - | - | - | - | - | 0 | 420 | 302 | 91 | |
65/66B |
45 | 61 | 39 | 39 | 67 | 17,126 | 219 | 24 | 130 | 569 | 4,365 | 848 | |
65 |
45 | 61 | 39 | 39 | 67 | 225 | 219 | 24 | 130 | 569 | 4,365 | 848 | |
66B |
- | - | - | - | - | 16,901 | - | - | - | - | - | - | |
9903 |
-3,043 | -2,679 | -110,468 | -16,353 | -5,277 | -19,084 | 1,632 | 79 | 4,706 | 9,293 | 11,569 | -20,697 | |
67/77 |
- | - | - | - | - | 248 | 275 | - | - | 16 | 144 | 22 | |
9904 |
-3,043 | -2,679 | -110,468 | -16,353 | -5,277 | -19,331 | 1,357 | 79 | 4,706 | 9,277 | 11,426 | -20,719 | |
9905 |
-3,043 | -2,679 | -110,468 | -16,353 | -5,277 | -19,331 | 1,357 | 79 | 4,706 | 9,277 | 11,426 | -20,719 | |
| Appropriation of the result | |||||||||||||
9906 |
-163,025 | -159,982 | -157,303 | -46,835 | -30,482 | -25,206 | -5,874 | -7,232 | -7,310 | -10,755 | -9,294 | -20,719 | |
14P |
-159,982 | -157,303 | -46,835 | -30,482 | -25,206 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 1,261 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | 1,261 | - | - | |
| Social balance sheet | |||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | 1 | 4.5 | 3.3 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | 1,756 | 7,957 | 5,280 | |
| Document | |||||||||||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-08-2026.
2025 annual accounts filed 25 days after the deadline. Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00420347.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-08-2026 | 2026-00420347 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00434058 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00408946 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00285421 | |
| 31-12-2021 | micro format | 19-07-2022 | 2022-20198667 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-59800496 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-48700500 | |
| 31-12-2018 | abbreviated format | 30-09-2019 | 2019-67200130 | |
| 31-12-2017 | abbreviated format | 27-09-2018 | 2018-65900481 | |
| 31-12-2016 | abbreviated format | 22-03-2017 | 2017-07000588 | |
| 31-12-2015 | abbreviated format | 08-03-2016 | 2016-05900474 | |
| 31-12-2014 | abbreviated format | 11-02-2016 | 2016-04300424 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | 5,872 | 11,204 | -23,008 | -5,350 | ||
| - | - | - | - | - | - | - | - | 5,742 | 11,039 | 13,496 | -6,129 | ||
| - | - | - | - | - | - | - | - | -1,037 | 3,109 | -48,289 | 26,966 | ||
| -679 | -540 | 970 | -154 | 170 | -3,693 | 459 | 797 | -225 | -14,550 | 14,173 | - | ||
| -141,503 | -138,460 | -135,781 | -25,313 | -8,961 | -3,684 | 15,647 | 14,290 | 14,211 | 7,433 | -1,826 | -63,611 | ||
| - | - | - | -28.7% | -74.2% | -30.9% | 72.2% | 66.9% | 74.0% | 45.4% | -2.0% | -12.0% | ||
| 0.07 | 0.07 | 0.08 | 0.78 | 0.57 | 0.76 | 3.60 | 3.02 | 3.84 | 1.65 | 0.97 | 0.46 | ||
| - | - | - | - | - | - | 0.38 | 0.49 | 0.35 | 1.21 | - | - | ||
| - | - | - | - | - | - | 8.7% | 0.6% | 33.1% | 97.6% | - | - | ||
| -29.6% | -24.5% | -961.1% | -18.6% | -43.7% | -162.3% | 6.3% | 0.4% | 24.5% | 44.3% | 20.7% | -19.8% |
A ratio outside any meaningful range has been withheld (balance sheet total €10,275, equity -€141,503).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is a loss of €2,998, larger than the loss of €2,618 in 2024.
Equity is negative. Debt (€151,779) exceeds the balance-sheet total (€10,275).
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2021 accounts of . Every holding stands with its own latest accounts.
| Smetsilicious
registered office since 01-07-2011 |
founded in 2011 0837.514.826 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Bierbeekstraat 3 registered office 3360 Bierbeek | ||
| Patribel Syndicus Frederik Lintsstraat 15, 3000 Leuven 6832101 Property management for co-owned buildings (syndics) | 09-10-2012 | 2.213.796.950 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24053B0194/00W000indicative | 1,734 m² | 1 · 1,064 m² | 16.6 m · 4 |
| 24502C0146/00W004 | 176 m² | 1 · 92 m² | 15.8 m · 4 |
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