VANDERSTEENE PATRICK
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 30 days after the deadline Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00499813.
Annual accounts 2025 filed on 30-08-2026 at the NBB all 37 filings
Equity
€58,809
2023 · -€416,982
Total assets
€514,404▲ 197%
2023 · €173,271
Net result
-€150,186▲ 6.1%
2023 · -€159,939
Working capital
€332,563
2023 · -€489,838
Multi-year overview
2018 to 2025, 7 financial yearsOperating result
-€19,993
2025
20182025
Net result
-€150,186
2025
lowest quarter of the sector
20182025
Equity
€58,809
2025
middle half of the sector
20182025
Total assets
€514,404
2025
middle half of the sector
20182025
Debt
€181,841
2025
20182025
Working capital
€332,563
2025
highest quarter of the sector
20182025
Solvency
11.4%
2025
lowest quarter of the sector
20182025
Current ratio
2.83
2025
middle half of the sector
20182025
Return on assets (ROA)
-29.2%
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232025
Operating result€0.03m--€1.4m€0.006m€0.05m▲ 681%-€0.02m-€0.1m▼ 581%-€0.02m-
Net result€0.02m--€1.4m-€0.003mwithin the sector's middle half▲ 99.8%€0.04mabove the sector's middle half-€0.03mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 490%-€0.2mbelow the sector's middle half-
Equity€1.1m--€0.3m-€0.3mbelow the sector's middle half▼ 1.2%-€0.2mbelow the sector's middle half▲ 15.1%-€0.3mbelow the sector's middle half▼ 11.8%-€0.4mbelow the sector's middle half▼ 62.2%€0.06mwithin the sector's middle half-
Total assets€1.9m-€0.5m▼ 74.6%€0.6mwithin the sector's middle half▲ 21.7%€0.6mabove the sector's middle half▲ 8.1%€0.2mwithin the sector's middle half▼ 69.2%€0.2mwithin the sector's middle half▼ 10.0%€0.5mwithin the sector's middle half-
Debt€0.8m-€0.7m▼ 2.6%€0.8m▲ 14.3%€0.9m▲ 0.7%€0.4m▼ 47.4%€0.6m▲ 31.3%€0.2m-
Working capital€1.1m--€0.3m-€0.3mbelow the sector's middle half=-€0.3mbelow the sector's middle half▲ 0.8%-€0.3mbelow the sector's middle half▼ 11.6%-€0.5mbelow the sector's middle half▼ 48.5%€0.3mabove the sector's middle half-
Solvency59.3%--56.3%▼ 115.6pp-46.9%below the sector's middle half▲ 9.5pp-36.8%below the sector's middle half▲ 10.1pp-133.5%below the sector's middle half▼ 96.7pp-240.7%below the sector's middle half▼ 107.2pp11.4%below the sector's middle half-
Current ratio2.58-0.57▼ 2.010.63below the sector's middle half▲ 0.060.65below the sector's middle half▲ 0.020.27below the sector's middle half▼ 0.380.17below the sector's middle half▼ 0.102.83within the sector's middle half-
Return on assets (ROA)1.1%--289.7%▼ 290.8pp-0.6%within the sector's middle half▲ 289.2pp6.6%within the sector's middle half▲ 7.1pp-14.1%below the sector's middle half▼ 20.6pp-92.3%below the sector's middle half▼ 78.2pp-29.2%below the sector's middle half-
above
within
below
The sector band is the middle half of the companies in Printing and reproduction of recorded media (NACE 18). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €19,993, against a loss of €132,397 in 2023. Comparable figures for the intervening years are unavailable.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
Equity and liabilities €514,404
Equity
€58,809
Provisions
€273,754
Debt
€181,841
Debt's share of the balance-sheet total is 35.3%.
Key figures and ratios
EBITDA
-€17,531
Cash flow
-€147,724
Debt to equity
3.09
ROE
-255.4%
Interest coverage
-0.13
Debt ≤ 1 year
€181,841▼
2023 · €590,253
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.008m | €1.4m | €0.004m | €0.003m | €0.002m | - | €0.002m | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.008m | - | €0.01m | - |
| Other operating charges640/8 | - | - | - | €0.006m | €0.04m | €0.1m | €0.001m | - |
| Non-recurring operating charges66A | - | - | - | - | - | €0.001m | - | - |
| Gross operating margin9900 | €0.04m | €0.02m | -€0.06m | €0.06m | €0.03m | €0.02m | -€0.006m | - |
| Operating profit (loss)9901 | €0.03m | -€1.4m | €0.006m | €0.05m | -€0.02m | -€0.1m | -€0.02m | - |
| Financial income75/76B | - | - | - | - | - | - | €0.002m | - |
| Recurring financial income75 | €0.009m | €46 | - | - | - | - | €0.002m | - |
| Financial charges65/66B | - | - | - | €0.008m | €0.008m | €0.03m | €0.1m | - |
| Recurring financial charges65 | €0.009m | €0.008m | €0.009m | €0.008m | €0.008m | €0.03m | €0.1m | - |
| Profit (loss) for the period before taxes9903 | €0.03m | -€1.4m | -€0.003m | €0.04m | -€0.03m | -€0.2m | -€0.2m | - |
| Income taxes67/77 | €0.009m | - | - | - | €18 | - | - | - |
| Profit (loss) for the period9904 | €0.02m | -€1.4m | -€0.003m | €0.04m | -€0.03m | -€0.2m | -€0.2m | - |
| Profit (loss) for the period to be appropriated9905 | €0.02m | -€1.4m | -€0.003m | €0.04m | -€0.03m | -€0.2m | -€0.2m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.9m | €0.5m | €0.6m | €0.6m | €0.2m | €0.2m | €0.5m | - |
| Fixed assets21/28 | €0.09m | €0.08m | €0.08m | €0.07m | €0.07m | €0.07m | - | - |
| Tangible fixed assets22/27 | €0.09m | €0.08m | €0.08m | €0.07m | €0.07m | €0.07m | - | - |
| Land and buildings22 | - | - | - | €0.07m | €0.07m | €0.07m | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.002m | - | - | - | - |
| Current assets29/58 | €1.8m | €0.4m | €0.5m | €0.6m | €0.1m | €0.1m | €0.5m | - |
| Amounts receivable within one year40/41 | €1.0m | €0.4m | €0.5m | €0.5m | €0.1m | €0.1m | €0.3m | - |
| Trade receivables40 | - | - | - | €0.5m | €0.03m | €0.001m | €0.03m | - |
| Other amounts receivable41 | - | - | - | €0.01m | €0.09m | €0.1m | €0.2m | - |
| Current investments50/53 | €265 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.006m | €0.002m | €0.003m | €0.006m | €0.001m | €0.001m | €0.3m | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.001m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.9m | €0.5m | €0.6m | €0.6m | €0.2m | €0.2m | €0.5m | - |
| Equity10/15 | €1.1m | -€0.3m | -€0.3m | -€0.2m | -€0.3m | -€0.4m | €0.06m | - |
| Contributions10/11 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | - |
| Capital10 | - | - | - | - | - | - | €0.03m | - |
| Issued capital100 | - | - | - | - | - | - | €0.03m | - |
| Reserves13 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.6m | - |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | - |
| Legal reserve130 | - | - | - | - | - | - | €0.003m | - |
| Reserves not available under the articles1311 | - | - | - | €0.003m | €0.003m | €0.003m | - | - |
| Tax-exempt reserves132 | - | - | - | €0.05m | €0.05m | €0.05m | €0.7m | - |
| Distributable reserves133 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | - |
| Profit (loss) carried forward14 | €0.07m | -€1.3m | -€1.3m | -€1.3m | -€1.3m | -€1.5m | -€1.6m | - |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €0.3m | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | €0.01m | - |
| Other liabilities and charges164/5 | - | - | - | - | - | - | €0.01m | - |
| Deferred taxes168 | - | - | - | - | - | - | €0.3m | - |
| Amounts payable17/49 | €0.8m | €0.7m | €0.8m | €0.9m | €0.4m | €0.6m | €0.2m | - |
| Amounts payable after more than one year17 | €0.07m | €0.05m | €0.05m | €0.009m | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.009m | - | - | - | - |
| Amounts payable within one year42/48 | €0.7m | €0.7m | €0.8m | €0.8m | €0.4m | €0.6m | €0.2m | - |
| Financial debts43 | - | - | - | €0.6m | €0.4m | €0.4m | - | - |
| Credit institutions430/8 | - | - | - | €0.4m | €0.4m | €0.4m | - | - |
| Other loans439 | - | - | - | €0.2m | €0.06m | €0.02m | - | - |
| Trade debts44 | €0.1m | €0.1m | €0.2m | €0.2m | €0.005m | - | €0.01m | - |
| Suppliers440/4 | - | - | - | €0.2m | €0.005m | - | €0.01m | - |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.04m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.009m | €0.2m | €0.2m | - |
| Taxes450/3 | - | - | - | €0.002m | - | €0.2m | €0.2m | - |
| Remuneration and social security454/9 | - | - | - | €0.009m | €0.009m | €0.009m | - | - |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.02m | €0.02m | €0.008m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.02m | -€1.4m | -€0.003m | €0.04m | -€0.03m | -€0.2m | -€0.2m | - |
| + Depreciation and write-downs630 | €0.008m | €1.4m | €0.004m | €0.003m | €0.002m | - | €0.002m | - |
| Operating cash flow (approximation) | €0.03m | €0.01m | €0.001m | €0.04m | -€0.03m | -€0.2m | -€0.1m | - |
| Investment in fixed assets (approximation) | - | -€1.4m | -€0.001m | €0 | €0 | €0 | - | - |
| Change in cash | - | -€0.004m | €0.001m | €0.002m | -€0.005m | -€130 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 307 companies had the same profile as VANDERSTEENE PATRICK has now. Two years later, 88.9% were still going and 4.9% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
88.9%
was still going
5.2%
stopped otherwise
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VANDERSTEENE PATRICK itself: 1.5% 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 307 companies, not a prediction for VANDERSTEENE PATRICK. 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.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-08-2026 | 2026-00499813 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00447376 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00437125 | |
| 31-12-2021 | micro format | 27-08-2022 | 2022-20340765 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-59600421 | |
| 31-12-2019 | abbreviated format | 30-10-2020 | 2020-65600009 | |
| 31-12-2018 | abbreviated format | 01-07-2019 | 2019-25100538 | |
| 31-12-2017 | abbreviated format | 17-07-2018 | 2018-33400134 | |
| 31-12-2016 | abbreviated format | 14-06-2017 | 2017-17500510 | |
| 31-12-2015 | abbreviated format | 14-06-2016 | 2016-19300485 |