Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PATRIDUC from Waregem, company number BE0436153768, closed financial year 2025 with a result of € 163,306 after tax. For that financial year PATRIDUC recorded a gross margin of € 1.2 million and equity of € 5.9 million. Compared with financial year 2024, the result moved from € 391,175 to € 163,306. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 23, 2025.
€ 5.9 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 163,306
▼ 58% vs 2024
Profit after tax over the fiscal year.
€ 426,704
▲ 34% 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 € 4.1 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 92,606
▲ 16% 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
€ 1.3 million
▼ 45% vs 2024
€ 293,583 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 54,257
▲ 116% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 78,350
▲ 29% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,166,374 | € 1,281,562 | € 1,468,438 | € 1,183,293 | ▼ 19% |
| Profit after taxes | € 28,564 | € 267,032 | € 391,175 | € 163,306 | ▼ 58% |
| Equity | € 5,088,080 | € 5,355,113 | € 5,746,287 | € 5,909,593 | ▲ 3% |
| Total debts | € 6,839,625 | € 5,971,009 | € 5,416,323 | € 4,552,357 | ▼ 16% |
| Cash | € 657,950 | € 390,189 | € 317,535 | € 426,704 | ▲ 34% |
| Land & buildings | € 9,738,534 | € 9,212,276 | € 8,730,678 | € 8,264,130 | ▼ 5% |
| Retained profit | € 3,308,080 | € 3,575,113 | € 3,966,287 | € 4,129,593 | ▲ 4% |
| Bank debt | € 3,940,062 | € 2,980,604 | € 2,292,393 | € 1,254,410 | ▼ 45% |
| Balance sheet total | € 11,927,705 | € 11,326,122 | € 11,162,610 | € 10,461,950 | ▼ 6% |
Key figures of PATRIDUC, 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 January 2027.
What happened to PATRIDUC?
What happened at PATRIDUC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 163,306 (▼ 58% vs 2024). Source: NBB ↗
- Carmen Bekaert became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 28,564 profit in 2022 to € 163,306 profit in 2025.
Paid € 502,925 in corporate taxes since 2022.
Best year ever: 2024, with € 391,175 profit.
Management
Behind PATRIDUC is Carmen Bekaert. It owns 25.1% of Building 4 and 25% of Terra 4 itself.
Directors
According to the 2025 annual accounts
Carmen Bekaert
Director
Also active at: DUPRO, WG 625, ENTER GREEN AVENUE, TR 11, BLOMFIELD RESIDENCE
since 2019
Establishments
Establishment units
Physical locations of this company
Groenbek 14
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Building 4 same network
€ -14,273 gross margin · 2025
NORINVEST
DUPRO same network
€ 3.1 million gross margin · 2025
Terra 4 same network
€ 41,439 gross margin · 2025
DEN AREND THV
+3 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
- 0436.153.768
- VAT number
- BE 0436.153.768
- Registered office
- Groenbek 14, 8790 Waregem
- Names & denominations
- PATRIDUC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 1988
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen