Checked.be
Active
BE 0883.771.057Private limited company
SORTON PATRICK
Dorpsstraat(LUB) 31 ·3210 Lubbeek, Belgium· 19 yrs active
Sector: Other specialised construction activities
(43990)
Conclusion
SORTON PATRICK has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154k and a net result of €13k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 26784 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €154k |
| Net result | €13k |
| Better than sector | 30% |
| Active | 19 yrs |
Financial profile
69
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
84
Profitability
42
Solvency
67
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2006, 19 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
84
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€13k
estimate, not credit advice
Score history
78
2021
86
2022
32
2023
30
2024
84
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 168.41 (≥ 1.5)
+10
Quick ratio
Quick ratio 18.12 (≥ 1.0)
+5
Profitability
ROE 8%
+3
Interest coverage
Interest coverage 135.5× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 06-01-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~3.9%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 29.0% | 47.4% | |
| Net result | €13k | €10k | |
| Equity | €154k | €60k | |
| Gross operating margin | €21k | €39k | |
| Total assets | €530k | €141k |
€20k
-
21-25
€13k
-
21-25
€20k
-
21-25
€530k
-15.6%
21-25
€154k
+9.1%
21-25
€517k
+8.8%
21-25
€0
-100.0%
21-25
€376k
-22.8%
21-25
€3k
-97.8%
21-25
€373k
+7.3%
21-25
168.41
+3717.6%
21-25
18.12
+5784.2%
21-25
29.0%
+29.3%
21-25
2.45
-29.2%
21-25
8.4%
-
21-25
2.4%
-
21-25
135.51
-
21-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | - | +99.2% | - | +11.3% | - |
| Net profit | - | +82.7% | - | -8.0% | - |
| Cash flow | - | +99.2% | - | -1.1% | - |
| Staff costs | - | - | - | - | - |
| Income taxes | - | -100.0% | -100.0% | +47.6% | - |
| Dividends | - | - | - | - | - |
| Total assets | -15.6% | +28.9% | +25.9% | +8.1% | - |
| Equity | +9.1% | -4.7% | -21.3% | +57.7% | - |
| Debt | -22.8% | +43.5% | +70.3% | -16.6% | - |
| of which ≤ 1y | -97.8% | +33.3% | +489.5% | -59.4% | - |
| of which > 1y | +7.3% | +48.0% | +33.1% | -8.7% | - |
| Working capital | +8.8% | +31.1% | +7.8% | +11.9% | - |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 168.41 | 4.41 | 4.47 | 19.96 | 7.88 |
| Quick ratio | 18.12 | 0.31 | 0.52 | 11.89 | 1.92 |
| Working capital ratio | 97.4% | 75.6% | 74.3% | 86.7% | 83.7% |
| Solvency | 29.0% | 22.4% | 30.3% | 48.5% | 33.2% |
| Debt / equity | 2.45 | 3.46 | 2.30 | 1.06 | 1.62 |
| Long-term debt ratio | 2.43 | 2.47 | 1.59 | 0.94 | 1.62 |
| Interest coverage | 135.51 | -2.24 | -9341.74 | 23.79 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 2.4% | -1.1% | -8.2% | 17.7% | 20.8% |
| ROE | 8.4% | -4.9% | -27.1% | 36.6% | 62.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €530k | €628k | €487k | €387k | €358k |
| Fixed assets | 21/28 | €10k | €14k | €21k | €34k | €15k |
| Tangible fixed assets | 22/27 | €10k | €14k | €21k | €34k | €15k |
| Financial fixed assets | 28 | €60 | €60 | €60 | €60 | €60 |
| Current assets | 29/58 | €520k | €614k | €466k | €353k | €343k |
| Stocks & contracts in progress | 3 | €464k | €571k | €412k | €143k | €260k |
| Amounts receivable within one year | 40/41 | €16k | €36k | €44k | €15k | €14k |
| Cash & bank | 54/58 | €39k | €6k | €9k | €194k | €69k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €530k | €628k | €487k | €387k | €358k |
| Equity | 10/15 | €154k | €141k | €148k | €188k | €119k |
| Contributions / capital | 10/11 | €18k | €18k | €18k | €18k | - |
| Reserves | 13 | €143k | €143k | €143k | €169k | €101k |
| Accumulated profits (losses) | 14 | €-8k | €-21k | €-14k | - | - |
| Amounts payable | 17/49 | €376k | €487k | €340k | €200k | €239k |
| Amounts payable after one year | 17 | €373k | €348k | €235k | €177k | €193k |
| Amounts payable within one year | 42/48 | €3k | €139k | €104k | €18k | €44k |
| Trade debts payable within one year | 44 | €1k | €4k | €2k | €805 | €439 |
| Income statement | ||||||
| Gross operating margin | 9900 | €21k | €784 | €-26k | €117k | €105k |
| Operating result | 9901 | €13k | €-7k | €-40k | €104k | €97k |
| Financial income | 75 | €0 | €66 | €28 | €30 | €13 |
| Financial charges | 65 | €148 | €89 | €3 | €5k | €2k |
| Result before taxes | 9903 | €13k | €-7k | €-40k | €99k | €95k |
| Income taxes | 67/77 | - | €0 | €0 | €31k | €21k |
| Net result for the period | 9904 | €13k | €-7k | €-40k | €69k | €75k |
| Result to be appropriated | 9905 | €13k | €-7k | €-40k | €69k | €75k |
Legal Structure
| NACE primary | Other specialised construction activities(43990) |
| Legal form | Private limited company(610) |
| Incorporation | 22-09-2006 |
| Status | Active |
| Postal code | 3210 |
Establishment units
SORTON PATRICK
since 20062.157.553.875
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24066E0087/00R002 | Flanders | 1,592 m² | 1 · 178 m² | 10.7 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
30-06
Financial
Liquidity times 38current ratio 168.41
Current ratio from 4.41 to 168.41; short-term debt falls from €139k to €3k.
30-06
Financial
Equity above €150kEq €154k ▲9.1%
Equity rises from €141k to €154k.
02-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-40k ▼158%
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity triplescurrent ratio 19.96
Current ratio from 7.88 to 19.96; short-term debt falls from €44k to €18k.
30-06
Financial
Equity above €150kEq €188k ▲57.7%
2 profitable years in a row build equity to €188k.
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 11 days late
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-01
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.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Other specialised construction activities43990Specialised construction activities4399945250Raising of dairy cattle01410General construction of residential buildings41001General electrical installation work43211451124521145310Agents specialised in the wholesale of other particular products4618050102Buying and selling of own real estate68110Activities of building architects71111Photography, excluding press photography74201Landscape service activities81300
Names & trade names
| Legal nameNL | SORTON PATRICK |
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