Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PATCO from Kortrijk, company number BE0426825437, closed financial year 2025 with a result of € -61,539 after tax. For that financial year PATCO recorded a gross margin of € 173,885 and equity of € 609,193. Compared with financial year 2024, the result moved from € -201,259 to € -61,539. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 609,193
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -61,539
▲ 69 % less loss than in 2024
Profit after tax over the fiscal year.
€ 59,095
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -159,307.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 4,762
▼ 51% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▼ 12% vs 2024
€ 175,575 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 4,541
▲ € 3,871 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,187
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 175,823 | € 146,675 | € 134,934 | € 173,885 | ▲ 29% |
| Profit after taxes | € 147 | € -39,233 | € -201,259 | € -61,539 | ▲ € 139,720 |
| Equity | € 911,223 | € 871,990 | € 670,731 | € 609,193 | ▼ 9% |
| Total debts | € 2,106,393 | € 1,565,560 | € 2,583,190 | € 2,554,647 | ▼ 1% |
| Cash | € 720,306 | € 29,830 | € 71,996 | € 59,095 | ▼ 18% |
| Land & buildings | € 2,153,340 | € 2,220,478 | € 3,061,500 | € 3,018,008 | ▼ 1% |
| Retained profit | € 142,723 | € 103,490 | € -97,769 | € -159,307 | ▼ € 61,539 |
| Bank debt | € 932,375 | € 813,801 | € 1,512,226 | € 1,336,652 | ▼ 12% |
| Balance sheet total | € 3,017,616 | € 2,437,550 | € 3,253,921 | € 3,163,840 | ▼ 3% |
Key figures of PATCO, 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 July 2027.
What happened to PATCO?
What happened at PATCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PATRICK LIPPENS stepped down as director. NBB
- PAT-PROMOTION BV stepped down as director. NBB
- JACQUELINE DEMANET stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 61,539. Source: NBB ↗
- New establishment in Anzegem. KBO
- PATRICK LIPPENS became a director. NBB
- PAT-PROMOTION BV became a director. NBB
- JACQUELINE DEMANET became a director. NBB
In short
From € 147 profit in 2022 to € 61,539 loss in 2025.
Paid € 2 in corporate taxes since 2022.
Best year ever: 2022, with € 147 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of PAT-PROMOTION comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PATCOThe shares are held by PAT-PROMOTION (100%).
Directors
According to the 2025 annual accounts
since 2016 · until 2028
Managing director · represented by CINDY VAN LOOCK
Also active at: REAL HOUSES, PATCOBEL
since 2016 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Groene Dreef(Rol) 32
8510 Kortrijk
Peter Benoitstraat 7A
8570 Anzegem
Active since 1 January 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0426.825.437
- VAT number
- BE 0426.825.437
- Registered office
- Groene Dreef(Rol) 32, 8510 Kortrijk
- Names & denominations
- PATCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1985
- Peppol
- Active · Active since 23 Apr 2026
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Overige gespecialiseerde bouwwerkzaamheden
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen