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PATTYN

Active
Private limited companyfounded 198937 yrs activePiste 2, 8790 Waregem, BelgiumKBO/BCE: BE 0436.580.370
Summary

PATTYN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €269,735 and a net result of -€25,303. Equity remains stable across the filed fiscal years (±1.1% per year). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability64▼-5
Solvency65▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 0.0; short-term debt: 46.9% and cash: 0.1% of total assets), and 60.3% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 37 years 0 40 y
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 2024
Solvency, return and age of the figures
Solvency
39.7%
Return on assets
-3.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
39 d early
2024
44 d early
2023
41 d early
2022
34 d early
2021
45 d early
2020
38 d early
2019
32 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 39 days before 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 21 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 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

On 23 January 1989, PATTYN was incorporated.1 Total assets went from EUR 679,726 in 2018 to EUR 678,965 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema, 2025 accounts filed, figures not processed yet

Equity
€269,735▼ 8.6%
2023 · €295,038
Total assets
€678,965▼ 6.4%
2023 · €725,080
Net result
-€25,303
2023 · €3,555
Working capital
-€318,281▲ 9.1%
2021 · -€350,149
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€8,228€12,121€25,090▲ 107%€9,917▼ 60.5%-€19,819
Net result-€12,039€9,159€11,219▲ 22.5%€3,555▼ 68.3%-€25,303
Equity€271,105▼ 4.3%€280,263▲ 3.4%€291,483▲ 4.0%€295,038▲ 1.2%€269,735▼ 8.6%
Total assets€752,289▲ 23.0%€765,049▲ 1.7%€763,210▼ 0.2%€725,080▼ 5.0%€678,965▼ 6.4%
Debt€481,185▲ 46.4%€484,786▲ 0.7%€471,727▼ 2.7%€430,042▼ 8.8%€409,230▼ 4.8%
Working capital-€331,950▼ 63.2%-€350,149▼ 5.5%-€318,281
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2020: -€8,228-€8,228Net result 2020: -€12,039-€12,039Operating result 2021: €12,121€12,121Net result 2021: €9,159€9,159Operating result 2022: €25,090€25,090Net result 2022: €11,219€11,219Operating result 2023: €9,917€9,917Net result 2023: €3,555€3,555Operating result 2024: -€19,819-€19,819Net result 2024: -€25,303-€25,30320202021202220232024-€40,000-€20,000€0€20,000Operating result 2022: €25,090€25,100Net result 2022: €11,219€11,200Operating result 2023: €9,917€9,920Net result 2023: €3,555€3,550Operating result 2024: -€19,819-€19,800Net result 2024: -€25,303-€25,300202220232024
The operating result turns negative in 2024: a loss of €19,819 after €9,917 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €678,965
Fixed assets €678,616
Current assets €349
Equity and liabilities €678,965
Equity €269,735 ▼ 8.6%
Debt €409,230 ▼ 4.8%
Debt's share of the balance-sheet total rises from 59.3% to 60.3%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€41,918▼
2023 · €51,847
Cash flow
€36,434▼
2023 · €45,485
Current ratio
0.00
Debt to equity
1.52▲
2023 · 1.46
ROE
-9.4%▼
2023 · 1.2%
ROA
-3.7%▼
2023 · 0.5%
Interest coverage
7.64▼
2023 · 10.24
Debt ≤ 1 year
€318,629▼
2023 · €324,784
Debt > 1 year
€88,100▼
2023 · €102,759
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,612 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.1% stopped otherwise
94% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 8,612 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 · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€725,080€678,965▼
Fixed assets21/28€725,080€678,616▼
Tangible fixed assets22/27€725,080€678,616▼
Land and buildings22€333,942€333,942=
Plant, machinery and equipment23€391,138€344,674▼
Current assets29/58-€349
Cash at bank and in hand54/58-€349
Equity and liabilities
Total equity and liabilities10/49€725,080€678,965▼
Equity10/15€295,038€269,735▼
Contributions10/11€125,000€125,000=
Reserves13€170,038€144,735▼
Tax-exempt reserves132€5,930€5,930=
Distributable reserves133€164,108€138,805▼
Amounts payable17/49€430,042€409,230▼
Amounts payable after more than one year17€102,759€88,100▼
Financial debts170/4€102,759€88,100▼
Amounts payable within one year42/48€324,784€318,629▼
Current portion of amounts payable after more than one year42€14,502€14,422▼
Financial debts43€1,481-
Credit institutions430/8€1,481-
Taxes, remuneration and social security45€1,308€1,308=
Taxes450/3€1,308€1,308=
Other amounts payable47/48€307,493€302,899▼
Accrued charges and deferred income492/3€2,500€2,500=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41,930€61,737▲
Other operating charges640/8€6,881€6,663▼
Gross operating margin9900€58,728€48,581▼
Operating profit (loss)9901€9,917-€19,819▼
Financial charges65/66B€5,062€5,484▲
Recurring financial charges65€5,062€5,484▲
Profit (loss) for the period before taxes9903€4,855-€25,303▼
Income taxes67/77€1,300-
Profit (loss) for the period9904€3,555-€25,303▼
Profit (loss) for the period to be appropriated9905€3,555-€25,303▼
Appropriation of the result
Profit (loss) to be appropriated9906€3,555-€25,303▼
Transfer from equity791/2-€25,303
Transfer to equity691/2€3,555-
To other reserves6921€3,555-

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€41,930€61,737▲ 47.2%
Other operating charges640/8-€18,503€5,063€6,881€6,663▼ 3.2%
Gross operating margin9900€24,241€30,625€30,153€58,728€48,581▼ 17.3%
Operating profit (loss)9901-€8,228€12,121€25,090€9,917-€19,819▼ 300%
Recurring financial income75€1-----
Financial charges65/66B-€2,963€12,720€5,062€5,484▲ 8.3%
Recurring financial charges65€3,811€2,963€12,720€5,062€5,484▲ 8.3%
Profit (loss) for the period before taxes9903-€12,039€9,159€12,369€4,855-€25,303▼ 621%
Income taxes67/77--€1,150€1,300--
Profit (loss) for the period9904-€12,039€9,159€11,219€3,555-€25,303▼ 812%
Profit (loss) for the period to be appropriated9905-€12,039€9,159€11,219€3,555-€25,303▼ 812%
Line20202021202220232024Change
Assets
Total assets20/58€752,289€765,049€763,210€725,080€678,965▼ 6.4%
Fixed assets21/28€750,685€763,210€763,210€725,080€678,616▼ 6.4%
Tangible fixed assets22/27€750,685€763,210€763,210€725,080€678,616▼ 6.4%
Land and buildings22-€333,942€333,942€333,942€333,942=
Plant, machinery and equipment23-€429,268€429,268€391,138€344,674▼ 11.9%
Current assets29/58€1,604€1,839--€349-
Cash at bank and in hand54/58€1,257€1,839--€349-
Equity and liabilities
Total equity and liabilities10/49€752,289€765,049€763,210€725,080€678,965▼ 6.4%
Equity10/15€271,105€280,263€291,483€295,038€269,735▼ 8.6%
Contributions10/11-€125,000€125,000€125,000€125,000=
Reserves13€146,105€155,263€166,483€170,038€144,735▼ 14.9%
Tax-exempt reserves132-€5,930€5,930€5,930€5,930=
Distributable reserves133-€149,334€160,553€164,108€138,805▼ 15.4%
Amounts payable17/49€481,185€484,786€471,727€430,042€409,230▼ 4.8%
Amounts payable after more than one year17€146,130€131,297€116,187€102,759€88,100▼ 14.3%
Financial debts170/4-€131,297€116,187€102,759€88,100▼ 14.3%
Amounts payable within one year42/48€333,554€351,988€344,111€324,784€318,629▼ 1.9%
Current portion of amounts payable after more than one year42-€14,773€15,110€14,502€14,422▼ 0.6%
Financial debts43--€3,108€1,481--
Credit institutions430/8--€3,108€1,481--
Taxes, remuneration and social security45--€1,150€1,308€1,308=
Taxes450/3--€1,150€1,308€1,308=
Other amounts payable47/48-€337,215€324,742€307,493€302,899▼ 1.5%
Accrued charges and deferred income492/3-€1,500€11,429€2,500€2,500=
Line20202021202220232024Change
Profit (loss) for the period9904-€12,039€9,159€11,219€3,555-€25,303▼ 812%
+ Depreciation and write-downs630---€41,930€61,737▲ 47.2%
Operating cash flow (approximation)-€12,039€9,159€11,219€45,485€36,434▼ 19.9%
Investment in fixed assets (approximation)--€12,525€0-€3,800-€15,273▼ 302%
Change in cash-€582----

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
22-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet -€25,303
Net result drops to -€25,303, the lowest in the series.
20-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Back to profitnet €9,159
Net result €9,159 after one loss-making year.
23-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Back to profitnet €15,864
Net result €15,864 after one loss-making year.
02-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
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 4 acts read
About the unread acts

We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1989
seat establishment The establishment unit on the map
Ground area
3,414 m²
Building footprint
231 m²
Volume, LiDAR
1,057 m³
Parcel 34452A0380/00D000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PATTYN NV
Piste 2, 8790 WaregemHoldings
since 19892.042.013.217
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34452A0380/00D000 Flanders 3,414 m² 1 · 231 m² 7.7 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. JOLIMI 100%
  2. PATTYN

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

Owners 1

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.

Company details

Identification
Legal formPrivate limited company
Founded23-01-1989
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.