PATSY COACH
ActiveSummary
PATSY COACH has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €316,592. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 78% of 2,309 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 9.8 FTE
- Equity
- €1.4m
- Profit
- €316,592
- ATventuresDirector · permanent representative Jan Van der Beke
- WARTEL PHILIPPEDirector
Why 96raises riskSector: Land transport and transport via pipelines (NACE 49)lowers riskLiquidity: current ratio 3.12, cash €1.1mEquity €1.4m (65.1% of total assets)Figures for financial year 2025 (filed 16-06-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro): better than 76% on solvency, 93% on liquidity, 77% on profitability and 73% on growth.
The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 17 days before the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignation: Patsy Tournoy (director)Appointments: Wartel Philippe BV (director)…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 38% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,472 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% | 1.8% |
| 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 34,695 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.5m | €0.7m | €0.8m | €0.8m | ▲ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.06m | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.001m | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €0.006m | €0.01m | €0.009m | €0.01m | €0.008m | ▼ 22.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.1m | - |
| Gross operating margin9900 | €0.9m | €1.0m | €0.2m | €0.4m | €1.0m | €1.4m | €1.9m | €1.7m | ▼ 9.4% |
| Operating profit (loss)9901 | -€0.05m | -€0.02m | -€0.04m | -€0.2m | €0.3m | €0.5m | €0.8m | €0.5m | ▼ 38.2% |
| Financial income75/76B | - | - | - | €0.003m | €0.001m | €0.002m | €0.01m | €0.007m | ▼ 30.5% |
| Recurring financial income75 | €0.02m | €0.01m | €0.005m | €0.003m | €0.001m | €0.002m | €0.01m | €0.007m | ▼ 30.5% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.02m | €0.06m | €0.03m | ▼ 42.2% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.06m | €0.03m | ▼ 42.2% |
| Profit (loss) for the period before taxes9903 | -€0.06m | -€0.03m | -€0.05m | -€0.3m | €0.2m | €0.5m | €0.7m | €0.4m | ▼ 37.8% |
| Income taxes67/77 | €0.001m | €0.001m | €0.001m | €497 | €386 | €0.04m | €0.2m | €0.1m | ▼ 23.6% |
| Profit (loss) for the period9904 | -€0.06m | -€0.03m | -€0.06m | -€0.3m | €0.2m | €0.4m | €0.5m | €0.3m | ▼ 41.9% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | -€0.03m | -€0.06m | -€0.3m | €0.2m | €0.4m | €0.5m | €0.3m | ▼ 41.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.4m | €1.3m | €1.4m | €0.9m | €1.1m | €1.3m | €2.1m | €2.1m | ▼ 0.7% |
| Fixed assets21/28 | €0.9m | €0.8m | €1.0m | €0.6m | €0.5m | €0.4m | €1.0m | €0.8m | ▼ 25.0% |
| Tangible fixed assets22/27 | €0.9m | €0.7m | €1.0m | €0.6m | €0.5m | €0.4m | €1.0m | €0.8m | ▼ 25.2% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.001m | €0.001m | €0 | €0.005m | - |
| Furniture and vehicles24 | - | - | - | €0.4m | €0.4m | €0.3m | €1.0m | €0.8m | ▼ 25.3% |
| Leasing and similar rights25 | - | - | - | €0.2m | €0.1m | €0.06m | €0.004m | €0 | ▼ 100% |
| Assets under construction and advance payments27 | - | - | - | - | - | €0.02m | €0 | - | - |
| Financial fixed assets28 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 7.1% |
| Current assets29/58 | €0.5m | €0.6m | €0.4m | €0.3m | €0.6m | €0.9m | €1.1m | €1.3m | ▲ 23.2% |
| Amounts receivable after more than one year29 | - | - | - | €0.03m | €0.02m | €0.03m | €0 | - | - |
| Other amounts receivable291 | - | - | - | €0.03m | €0.02m | €0.03m | €0 | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.08m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 6.3% |
| Trade receivables40 | - | - | - | €0.08m | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 7.4% |
| Other amounts receivable41 | - | - | - | €0.05m | €0.03m | €0.03m | €0.03m | €0.03m | ▲ 0.7% |
| Current investments50/53 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Cash at bank and in hand54/58 | €0.06m | €0.03m | €0.3m | €0.1m | €0.3m | €0.6m | €0.8m | €1.1m | ▲ 27.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | €0.003m | €0.004m | €0.006m | ▲ 72.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €1.4m | €0.9m | €1.1m | €1.3m | €2.1m | €2.1m | ▼ 0.7% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | -€0.1m | €0.1m | €0.5m | €1.0m | €1.4m | ▲ 30.5% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Distributable reserves133 | - | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | -€0.04m | -€0.07m | -€0.1m | -€0.4m | -€0.2m | €0.3m | €0.8m | €1.1m | ▲ 41.8% |
| Amounts payable17/49 | €1.2m | €1.1m | €1.2m | €1.0m | €1.0m | €0.7m | €1.1m | €0.7m | ▼ 31.4% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.9m | €0.5m | €0.4m | €0.2m | €0.5m | €0.3m | ▼ 33.5% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.2m | €0.5m | €0.3m | ▼ 33.5% |
| Amounts payable within one year42/48 | €0.5m | €0.6m | €0.3m | €0.5m | €0.6m | €0.5m | €0.6m | €0.4m | ▼ 29.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.4m | €0.5m | €0.3m | €0.4m | €0.2m | ▼ 54.7% |
| Trade debts44 | €0.1m | €0.1m | €0.07m | €0.08m | €0.06m | €0.08m | €0.07m | €0.09m | ▲ 38.7% |
| Suppliers440/4 | - | - | - | €0.08m | €0.06m | €0.08m | €0.07m | €0.09m | ▲ 38.7% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.02m | €0 | €0.003m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.04m | €0.06m | €0.08m | €0.1m | ▲ 74.0% |
| Taxes450/3 | - | - | - | €0.005m | €0.004m | €0.02m | €0.03m | €0.09m | ▲ 198% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.04m | €0.03m | €0.05m | €0.05m | ▲ 3.4% |
| Other amounts payable47/48 | - | - | - | €0.005m | €0.004m | €0.003m | €0.05m | €0.003m | ▼ 94.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€62,045 | -€28,277 | -€55,011 | -€265,447 | €230,866 | €421,765 | €544,867 | €316,592 | ▼ 41.9% |
| + Depreciation and write-downs630 | €417,396 | €413,772 | €58,362 | €332,289 | €234,615 | €253,382 | €308,223 | €260,163 | ▼ 15.6% |
| Operating cash flow (approximation) | €355,350 | €385,495 | €3,352 | €66,841 | €465,481 | €675,147 | €853,090 | €576,755 | ▼ 32.4% |
| Investment in fixed assets (approximation) | - | -€301,212 | -€268,000 | €25,048 | -€147,946 | -€110,000 | -€973,374 | -€557 | ▲ 99.9% |
| Change in cash | - | -€35,131 | €227,003 | -€137,421 | €183,686 | €341,876 | €206,455 | €232,394 | ▲ 12.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €1,740 awarded · €1,740 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €675 |
| 2024 | 1 | €1,515 | €840 |
| 2023 | 1 | €0 | €225 |
| 2022 | 1 | €225 | €0 |
Public contracts: not fully processed yet. The notices from April 2018 to September 2026 are still being read.
Directors
Board 2
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ATventures |
|
| WARTEL PHILIPPE |
|
| Patsy Tournoy |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 connected companiesHistory
Acts, filings and financial milestones
14-11
Gazette deed
Resignation: Patsy Tournoy (director)Appointments: Wartel Philippe BV (director) and ATventures BV (director) · Permanent representatives: Philippe Wartel and Jan Van der Beke · Director discharge7 facts ▸
- General meeting, 29-10-2025
- Director resignation, Patsy Tournoy (director)
- Director discharge, Patsy Tournoy (director)
- Director appointment, Wartel Philippe BV (director)
- Director appointment, ATventures BV (director)
- Permanent representative, Philippe Wartel
- Permanent representative, Jan Van der Beke
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 10 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23050D0053/00N002 | Flanders | 609 m² | 1 · 272 m² | 6.1 m · 2 |