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 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DRAINAGE PATTYN from Kortemark, company number BE0430431659, closed financial year 2025 with a result of € -13,290 after tax. For that financial year DRAINAGE PATTYN recorded a gross margin of € 6,347 and equity of € -96,010. Compared with financial year 2024, the result moved from € 10,809 to € -13,290. The company made a loss. 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 April 30, 2026.
€ -96,010
▼ € 13,290 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,290
▼ still € 10,809 profit in 2024
Profit after tax over the fiscal year.
€ 80
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -256,997.
Debts at end 2025
€ 20,013
▼ 4% vs 2024
Loans from banks and other lenders, long and short.
€ 1,816
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,298
▲ € 6,123 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 29,154 | € 36,463 | € 21,668 | € 6,347 | ▼ 71% |
| Profit after taxes | € 12,556 | € 15,447 | € 10,809 | € -13,290 | ▼ € 24,099 |
| Equity | € -108,976 | € -93,529 | € -82,720 | € -96,010 | ▼ € 13,290 |
| Total debts | € 278,508 | € 245,539 | € 226,308 | € 209,391 | ▼ 7% |
| Cash | € 7 | € 68 | € 782 | € 80 | ▼ 90% |
| Land & buildings | € 131,257 | € 119,379 | € 114,902 | € 110,424 | ▼ 4% |
| Retained profit | € -269,963 | € -254,516 | € -243,707 | € -256,997 | ▼ € 13,290 |
| Bank debt | € 29,941 | € 24,244 | € 20,810 | € 20,013 | ▼ 4% |
| Balance sheet total | € 169,532 | € 152,010 | € 143,587 | € 113,380 | ▼ 21% |
Key figures of DRAINAGE PATTYN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to DRAINAGE PATTYN?
What happened at DRAINAGE PATTYN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,290 (▼ € 24,099 vs 2024). Source: NBB ↗
- Alexander Pattyn became a director. NBB
- Hollebecq Hildegarde became a director. NBB
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,556 profit in 2022 to € 13,290 loss in 2025.
Paid € 9,382 in corporate taxes since 2022.
Best year ever: 2023, with € 15,447 profit.
Management
Behind DRAINAGE PATTYN are Alexander Pattyn and Hollebecq Hildegarde.
Directors
According to the 2025 annual accounts
Alexander Pattyn
Director
since 2020
Hollebecq Hildegarde
Director
since 2013
Establishments
Establishment units
Physical locations of this company
Handzameplein 11
8610 Kortemark
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
- 0430.431.659
- VAT number
- BE 0430.431.659
- Registered office
- Handzameplein 11, 8610 Kortemark
- Names & denominations
- DRAINAGE PATTYN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 February 1987
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen