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 35 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
20 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PAT VAX from Braine-l'Alleud, company number BE0440066828, closed financial year 2025 with a result of € 173,209 after tax. For that financial year PAT VAX recorded a gross margin of € 289,263 and equity of € 197,695. Compared with financial year 2024, the result moved from € 141,621 to € 173,209. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 16, 2026.
€ 197,695
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 173,209
▲ 22% vs 2024
Profit after tax over the fiscal year.
€ 27,402
▼ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 173,209 paid out
100 % of the profit went to the shareholders, mostly to ALLIANCE 4 (100 % of the shares). That is where the money ends up.
Debts at end 2025
€ 336,134
▼ 9% vs 2024
€ 37,620 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 4,996
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 66,018
▼ 7% vs 2024
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 | € 176,320 | € 219,735 | € 243,734 | € 289,263 | ▲ 19% |
| Profit after taxes | € 77,807 | € 117,522 | € 141,621 | € 173,209 | ▲ 22% |
| Equity | € 209,758 | € 327,280 | € 197,695 | € 197,695 | |
| Total debts | € 635,050 | € 505,821 | € 589,888 | € 686,007 | ▲ 16% |
| Cash | € 15,100 | € 36,150 | € 76,268 | € 27,402 | ▼ 64% |
| Land & buildings | € 440,421 | € 413,800 | € 413,917 | € 396,464 | ▼ 4% |
| Retained profit | € 30,035 | € 147,557 | € 17,972 | € 17,972 | |
| Dividend | € 0 | € 0 | € 271,205 | € 173,209 | ▼ 36% |
| Bank debt | € 430,335 | € 465,607 | € 367,852 | € 336,134 | ▼ 9% |
| Balance sheet total | € 844,808 | € 833,101 | € 787,583 | € 883,702 | ▲ 12% |
Key figures of PAT VAX, 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 PAT VAX?
What happened at PAT VAX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Nicolas BOREQUE stepped down as director. NBB
- Oriana KLAUSNER stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 173,209 (▲ 22% vs 2024). Source: NBB ↗
- Nicolas BOREQUE became a director. NBB
- Oriana KLAUSNER became a director. NBB
- New establishment in Braine-l'Alleud. KBO
- Start of the company according to the CBE. KBO
In short
From € 77,807 profit in 2022 to € 173,209 profit in 2025.
Paid € 161,193 in corporate taxes since 2022.
Best year ever: 2025, with € 173,209 profit.
Paid out € 444,414 in dividends to the owners in total.
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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 ALLIANCE 4 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PAT VAXThe shares are held by ALLIANCE 4 (99.7%).
Directors
According to the 2025 annual accounts
Oriana KLAUSNER
Director
since 2025 · until 2031
since 2026 · until 2032
Shareholders
99.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue du Japon 35 box 1
1420 Braine-l'Alleud
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 20 companies are registered at this address.
All companies at this address →M. MEERAPFEL SOHNE BELGIUM
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€ 129,749 gross margin · 2024
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.066.828
- VAT number
- BE 0440.066.828
- Registered office
- Avenue du Japon 35 bus 1, 1420 Braine-l'Alleud
- Names & denominations
- PAT VAX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 January 1990
- Peppol
- Active · Active since 26 Feb 2026
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