Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PATCH from Ingelmunster, company number BE0426450996, closed financial year 2025 with a result of € 102,784 after tax. For that financial year PATCH recorded a gross margin of € 389,858 and equity of € -200,494. Compared with financial year 2024, the result moved from € 37,417 to € 102,784. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 30, 2025.
€ -200,494
▲ € 102,784 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 102,784
▲ 175% vs 2024
Profit after tax over the fiscal year.
€ 38,107
▲ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -262,494.
People and assets in 2025
€ 135,393
▲ 1% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 924,145
▼ 10% vs 2024
€ 98,671 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 249,209
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 37,383
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 237,393 | € 252,357 | € 327,345 | € 389,858 | ▲ 19% |
| Profit after taxes | € -35,687 | € -39,391 | € 37,417 | € 102,784 | ▲ 175% |
| Equity | € -301,304 | € -340,695 | € -303,278 | € -200,494 | ▲ € 102,784 |
| Total debts | € 2,286,271 | € 2,239,475 | € 2,156,354 | € 1,983,961 | ▼ 8% |
| Cash | € 21,933 | € 22,541 | € 26,228 | € 38,107 | ▲ 45% |
| Land & buildings | € 1,822,362 | € 1,751,386 | € 1,699,268 | € 1,667,142 | ▼ 2% |
| Retained profit | € -363,304 | € -402,695 | € -365,278 | € -262,494 | ▲ € 102,784 |
| Bank debt | € 1,220,157 | € 1,121,487 | € 1,022,816 | € 924,145 | ▼ 10% |
| Balance sheet total | € 1,984,968 | € 1,898,780 | € 1,853,076 | € 1,783,467 | ▼ 4% |
Key figures of PATCH, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to PATCH?
What happened at PATCH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LISBET VERSTRAETE stepped down as director. NBB
- PATRICK CNUDDE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 102,784 (▲ 175% vs 2024). Source: NBB ↗
- LISBET VERSTRAETE became a director. NBB
- PATRICK CNUDDE became a director. NBB
- New establishment in Ingelmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,687 loss in 2022 to € 102,784 profit in 2025.
Paid € 4 in corporate taxes since 2022.
Best year ever: 2025, with € 102,784 profit.
Management
Directors
According to the 2025 annual accounts
since 2022 · until 2028
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Kortrijkstraat 121
8770 Ingelmunster
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.450.996
- VAT number
- BE 0426.450.996
- Registered office
- Kortrijkstraat 121, 8770 Ingelmunster
- Names & denominations
- PATCH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 November 1984
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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