Debts
€190,908 94% of the balance sheet
Suppliers 7%Taxes and wages 0%Other 93%
Of this, €190,676 falls due within a year.
RAES PATRICK & P.
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2002Gross marginpeak €122,415 (2020)
€54,319▼ 7.1%
Resultlowest -€33,096 (2021)
€25,608▲ €26,783
Equitypeak €48,291 (2008)
€11,624▲ €25,608
Debts
€190,908▲ 14.0%
Staffpeak 3 FTE (2011)
-not published
Board1 name since 2021
1 directorRAES Patrick
Documentsfilings and deeds
02-07-202629 days before the deadline
2025micro format
Back to profit: €25,608Equity from -€13,984 to €11,624
Key points
from the 2025 annual accountsFilings
24 annual accounts since 2002
Four of the last ten came late. The 2019 accounts came latest: 20 days after the end of the period.
Position in the sector
5.7%
Lower solvency than 84% of companies in construction of buildings. Sector median 42.9% · 9,415 companies.
Checked score
68
Healthy
Financially stronger than 46% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,457 companies (NACE 41, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.7%▼ -0.1 percentage points vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025lowest value
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 1.1%▲ +0.3 percentage points vs 07-2025
09-2025: 1.2%▲ +0.1 percentage points vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026highest value
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.8%▼ -0.4 percentage points vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Equity €11,624 (5.7% of total assets)
lowers risk
Founded in 2002
Size: total assets €202,532
Calculation
The band follows from the bankruptcy probability. 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 41, micro). It does better than 15% of them on solvency, 8% on liquidity, 68% on profitability and 94% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 931 companies had the same profile as RAES PATRICK & P. has now. Each dot stands for 3 companies, two years later.
93.2%
were still trading
4.5%
stopped another way
1.9%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RAES PATRICK & P. itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 931 companies, not a prediction for RAES PATRICK & P.. 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.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.03 (0.87 in 2024), below the usual 1.5. Short-term debt is 94.1% and cash 6% of total assets. 94.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9415 sector peers (2025).
NBB · sector comparisonPosition among 9415 sector peers
Solvency
better than 15%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 days early
2024
5 days late
2023
2 days early
2022
52 days early
2021
10 days late
2020
5 days late
2019
20 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476822801
Reappointment: RAES Patrick (director)
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 22-06-2022 · Gazette deed
First establishment
Gootjesstraat 29, Roosdaal
Incorporation
published on 19-02-2002 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| RAES PATRICK & P. Roosdaal | €202,532 | €54,319 | 5.7% | - |
| VAWE CONSTRUCT Aarschot | €201,616 | €56,966 | -27.3% | - |
| IMPERIUM CARE Aarschot | €179,209 | €57,776 | -2.0% | - |
| RUISDONK Londerzeel | €215,678 | €44,615 | 13.5% | - |
| BECA - BOUW Leuven | €252,521 | €55,449 | 87.8% | - |
| SALERNO Mattéo Flémalle | €217,435 | €52,568 | 61.0% | - |
| DHS CONSTRUCTIONS Walhain | €194,366 | €57,015 | 44.6% | - |
These companies have the same main activity as RAES PATRICK & P.: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €179,000 and €253,000, founded between 1999 and 2004.
Official details
Source: KBO- Status
- Active since 05-02-2002Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.095.692.8191760 Roosdaal, since 25-02-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Annual accounts 2025
- Turnover
- ≈ €280,000estimated
- Total assets
- €202,532▲ 31.9%
- Staff
- ≈ 0.6 FTEestimated
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on RAES PATRICK & P.
RAES PATRICK & P. files the micro format. That format states no turnover. The gross margin fell from €83,925 in 2007 to €54,319 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RAES PATRICK & P.
- What is the company number of RAES PATRICK & P.?
- The company number of RAES PATRICK & P. is 0476.822.801. The VAT number is the same number with BE in front: BE 0476.822.801.
- Where is RAES PATRICK & P. based?
- The registered office is at Gootjesstraat 29, 1760 Roosdaal.Company details
- What does RAES PATRICK & P. do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of RAES PATRICK & P.?
- RAES PATRICK & P. is a private limited company (BV).
- When was RAES PATRICK & P. founded?
- RAES PATRICK & P. was founded on 05-02-2002.
- Is RAES PATRICK & P. still active?
- Yes, RAES PATRICK & P. is an active enterprise in the KBO register.
- How many employees does RAES PATRICK & P. have?
- RAES PATRICK & P. had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of RAES PATRICK & P.?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €54,319 and 108 comparable companies (NACE 41001). It probably lies between €200,000 and €490,000.
- Is RAES PATRICK & P. profitable?
- In financial year 2025, RAES PATRICK & P. made a profit of €25,608.
- Where can I find the annual accounts of RAES PATRICK & P.?
- RAES PATRICK & P. filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RAES PATRICK & P. due?
- RAES PATRICK & P. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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