PATCHWORK - LE PATCH · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of PATCHWORK - LE PATCH is 1.9% (moderate). The 2025 annual accounts show equity of €71k and a net result of €-12k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 73% of 1080 sector peers (fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.9% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	30-01-2026	1 d early	2026-00020315
30-06-2024	31-01-2025	31-01-2025	on the day	2025-00023902
30-06-2023	31-01-2024	30-01-2024	1 d early	2024-00018722
30-06-2022	31-01-2023	31-01-2023	on the day	2023-00020904
30-06-2021	31-01-2022	28-01-2022	3 d early	2022-03200023
30-06-2020	31-01-2021	29-01-2021	2 d early	2021-03500370
30-06-2019	31-01-2020	30-01-2020	1 d early	2020-03300477
30-06-2018	31-01-2019	29-01-2019	2 d early	2019-03000359
30-06-2017	31-01-2018	23-01-2018	8 d early	2018-02100090
30-06-2016	31-01-2017	22-12-2016	40 d early	2016-71400529

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1992, 34 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-12k

Working capital€-20k+49.9%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~19%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	50.9%	25.9%	better than 73% of 1080 sector peers
Net result	€-12k	€7k	better than 16% of 1081 sector peers
Equity	€71k	€23k	better than 76% of 1083 sector peers
Gross operating margin	€118k	€64k	better than 68% of 1077 sector peers
Staff costs	€101k	€52k	higher than 70% of 788 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P73

Stable position over 2020-2025 · n=1080-5615

Net result P16

Weakening position over 2020-2025 · n=1081-5603

Equity P76

Improving position over 2020-2025 · n=1083-5626

Gross operating margin P68

Stable position over 2020-2025 · n=1077-5589

Describes the position versus peers, not a forecast.

EBITDA

€14k

-37.9% 19-25

Net profit

€-12k

- 19-25

Cash flow

€9k

-54.5% 19-25

Total assets

€139k

-12.6% 19-25

Equity

€71k

-14.8% 19-25

Working capital

€-20k

+49.9% 19-25

Employees (FTE)

8

+6.4% 19-25

Staff costs

€101k

-18.1% 19-25

Income taxes

€556

-61.4% 19-25

Debt

€68k

-10.2% 19-25

Debt ≤ 1y

€47k

-36.7% 19-25

Debt > 1y

€19k

+2269.4% 19-25

Current ratio

0.57

+24.2% 19-25

Quick ratio

0.34

+5.0% 19-25

Solvency

50.9%

-2.5% 19-25

Debt / equity

0.97

+5.4% 19-25

ROE

-17.3%

- 19-25

ROA

-8.8%

- 19-25

Interest coverage

3.24

-81.4% 19-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€14k
Net profit	€-12k
Cash flow	€9k
Staff costs	€101k
Income taxes	€556
Dividends	-
Total assets	€139k
Equity	€71k
Debt	€68k
of which ≤ 1y	€47k
of which > 1y	€19k
Working capital	€-20k
Employees (FTE)	8.3

Ratios (computed)

	2025
Current ratio	0.57
Quick ratio	0.34
Working capital ratio	-14.6%
Solvency	50.9%
Debt / equity	0.97
Long-term debt ratio	0.27
Interest coverage	3.24
Gross margin	-
Net margin	-
ROA	-8.8%
ROE	-17.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €111k · 80.4% Current assets €27k · 19.6%

Equity & liabilities

Equity €71k · 50.9% Debt €68k · 49.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€139k
Fixed assets	21/28	€111k
Tangible fixed assets	22/27	€111k
Financial fixed assets	28	€78
Current assets	29/58	€27k
Stocks & contracts in progress	3	€11k
Amounts receivable within one year	40/41	€4k
Cash & bank	54/58	€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€139k
Equity	10/15	€71k
Contributions / capital	10/11	€6k
Reserves	13	€29k
Accumulated profits (losses)	14	€35k
Amounts payable	17/49	€68k
Amounts payable after one year	17	€19k
Amounts payable within one year	42/48	€47k
Trade debts payable within one year	44	€27k
Income statement
Gross operating margin	9900	€118k
Operating result	9901	€-7k
Financial income	75	€99
Financial charges	65	€4k
Result before taxes	9903	€-12k
Income taxes	67/77	€556
Net result for the period	9904	€-12k
Result to be appropriated	9905	€-12k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

40 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

1 director

Current directors & mandates

LIEBENS Laurence
Director
State Gazette act 23337782 (25-04-2023)

Current
25-04-2023 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Activiteiten van eetgelegenheden met volledige bediening(56111)
Legal form	Private limited company(610)
Incorporation	17-07-1992
Status	Active
Postal code	4800

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

2 locations

Chaussée de Heusy 173, 4800 Verviers

productie van verse kant- en klaarmaaltijden die vlees bevatten.

since 19922.058.678.114

PATCHWORK SRL LE PATCH

Avenue du Chêne 219, 4802 VerviersProductie van vers bereide maaltijden die vlees bevatten

since 20252.375.046.186

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area1,555 m²

Buildings2

Building footprint253 m²

Volume (LiDAR)1,339 m³

Tallest building23.5 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
63036A0194/00F002	Wallonia	1,296 m²	1 · 148 m²	23.4 m · 3 fl.
63572C0171/00H000	Wallonia	259 m²	1 · 104 m²	-

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 3 years ago

2023

25-04-2023 LIEBENS Laurence appointed as director Director changes

LIEBENS Laurence, Bestuurder

Summary: v3.2

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

51 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 40

Profitability 0

Solvency 64

Growth 52

Stability 100

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Credit advice

verdict per customer and amount

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We hold annual accounts for 2,912 of the 20,286 companies in this sector. 2,462 of them are within a factor 10 of this company's equity.

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Company registry

Company registry (CBE)

Crossroads Bank

Activities

Restaurants van het traditionele type55301Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111Uitzendkoks en verzorgen van feesten en recepties55522Catering56210Catering van evenementen56210

Primary activity highlighted.

Names & trade names

Legal nameFR

PATCHWORK - LE PATCH

Registered office

Chaussée de Heusy 173

4800 Verviers, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.