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 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Pattyn Albert & Cie from Wevelgem, company number BE0437897293, closed financial year 2025 with a result of € -332,416 after tax. For that financial year Pattyn Albert & Cie recorded revenue of € 1.4 million and equity of € 5.7 million. Compared with financial year 2024, the result moved from € -294,915 to € -332,416. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 5.7 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -332,416
▼ 13 % more loss than in 2024
Profit after tax over the fiscal year.
€ 30,569
▲ 119% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5.1 million.
People and assets in 2025
21
▼ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 6% vs 2024
€ 49,600 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.
€ 70,425
▲ 228% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.7 million
Loans from banks and other lenders, long and short.
€ 121,015
▼ 86% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 65 days on average.
€ 38,103
▼ 96% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 1,992,782 | € 1,402,424 | ▼ 30% |
| Gross margin | € 1,882,118 | € 5,483,277 | - | - | |
| Profit after taxes | € 2,351,573 | € 2,906,218 | € -294,915 | € -332,416 | ▼ € 37,502 |
| Equity | € 3,923,916 | € 6,330,134 | € 6,035,220 | € 5,702,803 | ▼ 6% |
| Total debts | € 6,176,191 | € 2,973,112 | € 4,158,401 | € 2,898,937 | ▼ 30% |
| Cash | € 329,281 | € 1,235,529 | € 13,930 | € 30,569 | ▲ 119% |
| Land & buildings | € 1,400,000 | - | € 942 | € 716 | ▼ 24% |
| Retained profit | € 3,354,838 | € 5,761,056 | € 5,466,141 | € 5,133,725 | ▼ 6% |
| Dividend | € 0 | € 500,000 | € 0 | € 0 | |
| Bank debt | € 5,787,658 | € 1,285,963 | € 1,729,699 | € 1,729,699 | |
| Balance sheet total | € 10,107,036 | € 9,303,246 | € 10,193,621 | € 8,601,740 | ▼ 16% |
| Employees (FTE) | 24 | 22.8 | 22.8 | 21 | ▼ 1.8 |
Key figures of Pattyn Albert & Cie, 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 Pattyn Albert & Cie?
What happened at Pattyn Albert & Cie in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- WP Consulting BV stepped down as director. NBB
- Lippens N Management BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 332,416. Source: NBB ↗
- WP Consulting BV became a director. NBB
- Lippens N Management BV became a director. NBB
- New establishment in Wevelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.4 million profit in 2022 to € 332,416 loss in 2025.
Paid € 855,314 in corporate taxes since 2022.
Best year ever: 2023, with € 2.9 million profit.
On average € 240,500 of value added per employee in 2023.
Management
The stake of Specialty Paints & Coatings comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Pattyn Albert & CieThe shares are held by Specialty Paints & Coatings (100%). It owns 100% of Staal Straal Weelde International itself.
Directors
According to the 2025 annual accounts
Director · represented by Nicolas Lippens
Also active at: PARA INDUSTRIES, PARA, Staal Straal Weelde, PETER VERSTUYF/HI-TECH-PROTECTION
since 2024 · until 2030
Director · represented by Wouter Pauwels
Also active at: PARA INDUSTRIES, PARA, Staal Straal Weelde, METAL FINISHING INDUSTRIES, TILKIN POWDER COATINGS, PETER VERSTUYF/HI-TECH-PROTECTION, IPD, IPC SERVICES
since 2026 · until 2032
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Nijverheidslaan 5 box a
8560 Wevelgem
Nijverheidslaan 5a
8560 Wevelgem
Active since 13 July 1989
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0437.897.293
- VAT number
- BE 0437.897.293
- Registered office
- Nijverheidslaan 5 bus a, 8560 Wevelgem
- Names & denominations
- Pattyn Albert & Cie
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 1989
- Peppol
- Active · Active since 15 Dec 2025
- Contact
- pattynnv.be
- Activities · NACE
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