Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
-
Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
PATS from Oostende, company number BE0436072606, closed financial year 2025 with a result of € -1.6 million after tax. For that financial year PATS recorded revenue of € 8.2 million and equity of € -703,137. Compared with financial year 2024, the result moved from € -76,534 to € -1.6 million. 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 January 9, 2026.
€ -703,137
▼ € 1.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▼ 2031 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -789,137.
People and assets in 2025
6.9
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 636,009
▼ 8% vs 2024
€ 92,200 per full-time equivalent. 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
None
No bank loans on the last day of the fiscal year.
€ 1 million
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 44 days on average.
€ 95,135
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 8,462,272 | € 8,152,322 | ▼ 4% |
| Profit after taxes | € 8,990 | € 127,875 | € -76,534 | € -1,631,005 | ▼ € 1.6 million |
| Equity | € 876,527 | € 1,004,402 | € 927,868 | € -703,137 | ▼ € 1.6 million |
| Total debts | € 47,207 | € 199,734 | € 7,495,234 | € 1,372,350 | ▼ 82% |
| Retained profit | € 790,527 | € 918,402 | € 841,868 | € -789,137 | ▼ € 1.6 million |
| Balance sheet total | € 923,735 | € 1,204,136 | € 8,423,102 | € 669,212 | ▼ 92% |
| Employees (FTE) | 2.8 | 6.7 | 7.7 | 6.9 | ▼ 0.8 |
Key figures of PATS, 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 PATS?
What happened at PATS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LUKE BAILEY stepped down as director. NBB
- HANS VAN DEN BOSSCHE stepped down as director. NBB
- GUNTHER BATSLEER stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.6 million. Source: NBB ↗
- LUKE BAILEY became a director. NBB
- HANS VAN DEN BOSSCHE became a director. NBB
- GUNTHER BATSLEER became a director. NBB
- GUNTHER HOFMAN stepped down as director. NBB
In short
From € 8,990 profit in 2022 to € 1.6 million loss in 2025.
Paid € 57,113 in corporate taxes since 2022.
Best year ever: 2023, with € 127,875 profit.
Pays suppliers within 44 days on average.
Management
The stake of TUI Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PATSThe shares are held by TUI Belgium (100%).
Directors
According to the 2025 annual accounts
GUNTHER HOFMAN
Director
Also active at: TUI Belgium Real Estate, TUI Belgium, TUIFLY ACADEMY BRUSSELS
since 2021 · until 2025
Director · represented by WIM VAN BESIEN
Also active at: TUI Belgium Real Estate, TUI Belgium, TUI Belgium Retail, TEC4JETS, HYDRANT REFUELLING SYSTEM, BELGIAN TRAVEL NETWORK, TUI TECHNOLOGY, TUI AIRLINES BELGIUM
since 2021 · until 2024
LUKE BAILEY
Director
since 2025 · until 2031
HANS VAN DEN BOSSCHE
Director
since 2025 · until 2031
GUNTHER BATSLEER
Director
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gistelsesteenweg 1
8400 Oostende
Luchthaven Brussel Nationaal 40P box Box2
1930 Zaventem
Active since 28 February 1995
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →TUI Belgium same network
€ 831.1 million revenue · 2025
SPORT AAN ZEE
TRAVEL4YOU
Gergel Telecom Solutions
TABULARI
€ 97,687 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.072.606
- VAT number
- BE 0436.072.606
- Registered office
- Gistelsesteenweg 1, 8400 Oostende
- Names & denominations
- PATS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 December 1988
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
Activiteiten van verzekeringsagenten en -makelaars
Activiteiten van risicoanalisten en schadetaxateurs
Reisorganisatoren
Activiteiten van reisorganisatoren