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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Patrivaco from Gent, company number BE0445348675, closed financial year 2025 with a result of € -5,511 after tax. For that financial year Patrivaco recorded a gross margin of € 9,911 and equity of € 587,918. Compared with financial year 2024, the result moved from € -6,933 to € -5,511. 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 August 27, 2026.
€ 587,918
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,511
▲ 21 % less loss than in 2024
Profit after tax over the fiscal year.
€ 46,124
▲ 167% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 575,358.
People and assets in 2025
€ 263,000
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 137,985
▼ 8% vs 2024
€ 13,330 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 9,553 | € 9,780 | € 8,268 | € 9,911 | ▲ 20% |
| Profit after taxes | € -7,681 | € -4,871 | € -6,933 | € -5,511 | ▲ € 1,422 |
| Equity | € 605,233 | € 600,362 | € 593,429 | € 587,918 | ▼ 1% |
| Total debts | € 308,082 | € 295,203 | € 283,543 | € 269,656 | ▼ 5% |
| Cash | € 48,152 | € 25,818 | € 17,280 | € 46,124 | ▲ 167% |
| Land & buildings | € 413,345 | € 398,617 | € 385,847 | € 370,922 | ▼ 4% |
| Retained profit | € 592,673 | € 587,802 | € 580,869 | € 575,358 | ▼ 1% |
| Bank debt | € 173,951 | € 162,598 | € 150,622 | € 137,985 | ▼ 8% |
| Balance sheet total | € 913,315 | € 895,565 | € 876,972 | € 857,574 | ▼ 2% |
Key figures of Patrivaco, 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 Patrivaco?
What happened at Patrivaco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 5,511. filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,681 loss in 2022 to € 5,511 loss in 2025.
Management
Behind Patrivaco are Lutgart Corijn and Danny Vandewalle.
Directors
According to the 2025 annual accounts
Lutgart Corijn
Director
Danny Vandewalle
Director
Establishments
Establishment units
Physical locations of this company
Floraliënlaan 11 box /0501
9000 Gent
Koning Leopold II-laan 26
9000 Gent
Active since 16 July 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0445.348.675
- VAT number
- BE 0445.348.675
- Registered office
- Floraliënlaan 11 bus /0501, 9000 Gent
- Names & denominations
- Patrivaco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 October 1991
- Peppol
- Not registered