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.
Financials
Financial year 2025
PATRIVIN from Lo-Reninge, company number BE0650775671, closed financial year 2025 with a result of € -1.9 million after tax. For that financial year PATRIVIN recorded revenue of € 980 and equity of € 18.1 million. Compared with financial year 2024, the result moved from € -22,668 to € -1.9 million. 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 June 3, 2026.
€ 18.1 million
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.9 million
▼ 8087 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.7 million
▲ 287% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 126,629
▲ 2% vs 2024
€ 126,600 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.
Debts at end 2025
€ 29.2 million
▲ 10% vs 2024
€ 1 million is repaid this year. At this pace the long-term loan is gone in ≈ 28 years.
€ 504,533
▼ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1310 days on average.
€ 23,635
▼ 63% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 980 | |
| Profit after taxes | € -1,449,379 | € 35,653 | € -22,668 | € -1,855,771 | ▼ € 1.8 million |
| Equity | € 19,972,949 | € 20,008,602 | € 19,985,934 | € 18,130,163 | ▼ 9% |
| Total debts | € 21,534,161 | € 23,159,116 | € 28,066,828 | € 29,775,716 | ▲ 6% |
| Cash | € 603,771 | € 367,108 | € 448,947 | € 1,737,135 | ▲ 287% |
| Land & buildings | € 33,785,165 | € 33,814,125 | € 32,901,374 | € 41,528,622 | ▲ 26% |
| Retained profit | € 1,009,280 | € 1,044,933 | € 1,022,265 | € -833,506 | ▼ € 1.9 million |
| Bank debt | € 21,297,321 | € 22,732,862 | € 26,533,618 | € 29,229,474 | ▲ 10% |
| Balance sheet total | € 41,507,110 | € 43,167,718 | € 48,052,763 | € 47,905,879 | |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of PATRIVIN, 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 PATRIVIN?
What happened at PATRIVIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.9 million. Source: NBB ↗
- Karel Verstraete stepped down as director. NBB
- Vincent David became a director. NBB
- Karel Verstraete became a director. NBB
- Hendrik Souvagie became a director. NBB
- José Depuydt became a director. NBB
- Wout Cornette became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1.4 million loss in 2022 to € 1.9 million loss in 2025.
Paid € 102,473 in corporate taxes since 2022.
Best year ever: 2023, with € 35,653 profit.
Management
Behind PATRIVIN are José Depuydt, Vincent David, Marie Jeanne Maenhout, Hendrik Souvagie, Urbain Cayzeele and Wout Cornette. Hendrik Souvagie is also behind Financieel Adviesburo Veurne.
Directors
According to the 2025 annual accounts
José Depuydt
Director
since 2020
Vincent David
Director
since 2025
Marie Jeanne Maenhout
Chairman of the board
since 2016
since 2021
Urbain Cayzeele
Director
since 2016
Wout Cornette
Director
Also active at: DIENSTENCHEQUE ONDERNEMING LO-RENINGE, REGIONAAL LANDSCHAP WESTHOEK
since 2018
Guido Deryckere
Director
since 2016
Karel Verstraete
Director
since 2023 · until 2025
Establishments
Establishment units
Physical locations of this company
Dorpplaats(Ren) 14
8647 Lo-Reninge
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
- 0650.775.671
- VAT number
- BE 0650.775.671
- Registered office
- Dorpplaats(Ren) 14, 8647 Lo-Reninge
- Names & denominations
- PATRIVIN
- Enterprise type
- Rechtspersoon
- Legal form
- Public-interest foundation
- Legal situation
- Normale toestand
- Start date
- 25 March 2016
- Peppol
- Active · Active since 3 Feb 2025
- Activities · NACE
Diverse ondersteunende activiteiten ten behoeve van voorzieningen
Handel in eigen onroerend goed
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen