Pattyn Albert & Cie
ActiveSummary
Pattyn Albert & Cie has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.70M and a net result of €-332k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 78% of 2045 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-1
Solvency91▲+7
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.81 in 2024; short-term debt: 12.6% and cash: 0.4% of total assets), and 33.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.3%
Return on assets
-3.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-332k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
14 d early
2023
142 d late
2022
178 d late
2021
65 d early
2020
59 d early
2019
57 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.40M▼ 29.6%
2024 · €1.99M
2024: €1.99M
2024 → 2025
EBIT margin
-16.5%▼ 7.8pp
2024 · -8.7%
2024: -8.7%
2024 → 2025
Net result
€-332k▼ 12.7%
2024 · €-295k
2018: €151k
2019: €80k
2020: €65k
2021: €98k
2022: €2.35M
2023: €2.91M
2024: €-295k
2018 → 2025
Working capital
€-786k▼ 70.2%
2024 · €-462k
2018: €1.26M
2019: €1.32M
2020: €1.38M
2021: €1.26M
2022: €-10k
2023: €83k
2024: €-462k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.99M€1.40M▼ 29.6%
Equity€1.57M-€3.92M▲ 150%€6.33M▲ 61.3%€6.04M▼ 4.7%€5.70M▼ 5.5%
Operating result€121k-€-49k€3.94M€-173k€-232k▼ 33.7%
Net result€98k-€2.35M▲ 2,297%€2.91M▲ 23.6%€-295k€-332k▼ 12.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €232k in 2025 against €173k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.60M
Fixed assets
€8.31M ▲ 0.3%
Current assets
€296k ▼ 84.5%
Equity and liabilities €8.60M
Equity
€5.70M ▼ 5.5%
Debt
€2.90M ▼ 30.3%
Debt's share of the balance-sheet total falls from 40.8% to 33.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-177k▼
2024 · €-115k
Cash flow
€-277k▼
2024 · €-237k
Current ratio
0.27▼
2024 · 0.81
Quick ratio
0.15▼
2024 · 0.76
Debt to equity
0.51▼
2024 · 0.69
ROE
-5.8%▼
2024 · -4.9%
ROA
-3.9%▼
2024 · -2.9%
Interest coverage
-2.53▼
2024 · -1.05
Debt ≤ 1 year
€1.08M▼
2024 · €2.38M
Debt > 1 year
€1.73M=
2024 · €1.73M
Income taxes
€-4k▼
2024 · €5k
Staff costs
€1.04M▼
2024 · €1.11M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 78 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.19M€8.60M▼
Fixed assets21/28€8.28M€8.31M▲
Intangible fixed assets21€553€0▼
Tangible fixed assets22/27€289k€315k▲
Land and buildings22€942€716▼
Plant, machinery and equipment23€56k€50k▼
Furniture and vehicles24€21k€70k▲
Other tangible fixed assets26€210k€194k▼
Financial fixed assets28€7.99M€7.99M=
Affiliated companies280/1€7.96M€7.96M=
Participating interests280€7.96M€7.96M=
Other financial fixed assets284/8€26k€26k=
Amounts receivable and cash guarantees285/8€26k€26k=
Current assets29/58€1.91M€296k▼
Stocks and contracts in progress3€101k€136k▲
Stocks30/36€78k€71k▼
Raw materials and consumables30/31€78k€71k▼
Contracts in progress37€23k€65k▲
Amounts receivable within one year40/41€1.79M€120k▼
Trade receivables40€251k€98k▼
Other amounts receivable41€1.54M€23k▼
Cash at bank and in hand54/58€14k€31k▲
Deferred charges and accrued income490/1€4k€9k▲
Equity and liabilities
Total equity and liabilities10/49€10.19M€8.60M▼
Equity10/15€6.04M€5.70M▼
Contributions10/11€569k€569k=
Capital10€569k€569k=
Issued capital100€569k€569k=
Reserves13€3.33M€3.33M=
Non-distributable reserves130/1€57k€57k=
Legal reserve130€57k€57k=
Distributable reserves133€3.28M€3.28M=
Profit (loss) carried forward14€2.13M€1.80M▼
Amounts payable17/49€4.16M€2.90M▼
Amounts payable after more than one year17€1.73M€1.73M=
Financial debts170/4€1.73M€1.73M=
Other loans174€1.73M€1.73M=
Amounts payable within one year42/48€2.38M€1.08M▼
Trade debts44€879k€121k▼
Suppliers440/4€879k€121k▼
Taxes, remuneration and social security45€946k€38k▼
Taxes450/3€880k€2k▼
Remuneration and social security454/9€66k€36k▼
Other amounts payable47/48€550k€923k▲
Accrued charges and deferred income492/3€53k€87k▲
Income statement
Code20242025
Operating income70/76A€2.10M€1.56M▼
Turnover70€1.99M€1.40M▼
Change in stocks of work in progress, finished goods and contracts in progress71€23k€42k▲
Other operating income74€85k€100k▲
Non-recurring operating income76A-€15k
Operating charges60/66A€2.27M€1.79M▼
Goods for resale, raw materials and consumables60€251k€265k▲
Purchases600/8€263k€259k▼
Change in stocks: decrease (increase)609€-12k€7k▲
Services and other goods61€842k€409k▼
Remuneration, social security and pensions62€1.11M€1.04M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€55k▼
Other operating charges640/8€15k€18k▲
Non-recurring operating charges66A€25€2k▲
Operating profit (loss)9901€-173k€-232k▼
Financial income75/76B€2k-
Recurring financial income75€2k-
Income from financial fixed assets750€443-
Income from current assets751€817-
Other financial income752/9€949-
Financial charges65/66B€119k€105k▼
Recurring financial charges65€119k€105k▼
Debt charges650€110k€70k▼
Other financial charges652/9€9k€35k▲
Profit (loss) for the period before taxes9903€-290k€-337k▼
Income taxes67/77€5k€-4k▼
Taxes670/3€5k€604▼
Tax adjustments and reversals of tax provisions77-€5k
Profit (loss) for the period9904€-295k€-332k▼
Profit (loss) for the period to be appropriated9905€-295k€-332k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.13M€1.80M▼
Profit (loss) brought forward from the previous period14P€2.43M€2.13M▼
Social balance
Average headcount (FTE)908722.821.0▼
The notes to these accounts (53 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
25-03
State Gazette act
Resignation: DC ADVISORY BV (director)Permanent representatives: Dominique Charlier, Wouter Pauwels and Nicolas Lippens · Appointment: WP CONSULTING BV (director) · Director discharge9 facts ▸
State Gazette act
Resignation: DC ADVISORY BV (director)
Permanent representatives: Dominique Charlier, Wouter Pauwels and Nicolas Lippens · Appointment: WP CONSULTING BV (director) · Director discharge9 facts ▸
- Shareholder decision, 26/02/2026
- Director resignation, DC ADVISORY BV (director)
- Director discharge, DC ADVISORY BV
- Permanent representative, Dominique Charlier
- Director appointment, WP CONSULTING BV (director)
- Mandate compensation, WP CONSULTING BV
- Permanent representative, Wouter Pauwels
- Permanent representative, Nicolas Lippens
- Power of attorney, Deloitte Legal - Lawyers BV
2025
31-12
Financial
Weakest financial yearnet €-332k
Net result drops to €-332k, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 142 days late
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 178 days late
2023
31-12
Financial
Highest result since 2018net €2.91M ▲23.6%
Operating result €3.94M, net result €2.91M, both a record.
31-12
Financial
Equity above €5MEq €6.33M ▲61.3%
6 profitable years in a row build equity to €6.33M.
2022
31-12
Financial
Equity above €2MEq €3.92M ▲150%
5 profitable years in a row build equity to €3.92M.
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
WP CONSULTING
CurrentDirector · since 26-02-2026 · Private limited company · perm. rep.: Wouter Pauwels
25-03-2026
DC Advisory: Resigned as Director
26-02-2026
WP CONSULTING: Appointed as Director
Location & real-estate footprint
Registered office, Wevelgem · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nijverheidslaan 58560 WevelgemGround area
3,999 m²
Building footprint
1,901 m²
Volume, LiDAR
10,870 m³
Parcel 34012A0428/02Z000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nijverheidslaan 5a, 8560 Wevelgem
since 19892.044.085.156
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012A0428/02Z000 | Flanders | 3,999 m² | 1 · 1,901 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
10 connected companiesLinked via shared directors
Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Show 6 more companies with a shared director
Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 2,683 EUR awarded · 2,769 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 653 EUR |
| 2023 | 1 | 51 EUR | 51 EUR |
| 2022 | 1 | 2,632 EUR | 2,065 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesPattyn Albert & Cie NV05086
Legal Entity Identifier
967600JN3H8B5PU8MP48
Similar companies · same sector, comparable size
DE WAAL
BE 0440.333.280
Kapellen · Eq €5,269,886
Decoratie Thuyn Gebr.
BE 0439.384.066
Brugge · Eq €4,484,591
WOUTIM
BE 0419.904.981
Peer · Eq €3,959,717
LAKKERIJ VANDERMAESEN
BE 0425.693.606
Tessenderlo-Ham · Eq €3,957,002
EUROPAINTS
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Elsene · Eq €3,944,484
Of 7,861 companies in sector 43341 we hold annual accounts for 2,663. 151 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-06-1989
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesGeneral meetings
1 convocationGeneral meeting
Agenda
1. Jaarverslag. 2. Goedkeuring jaarrekening per 30/09/2009. 3. Bestem- ming resultaat. 4. Kwijting bestuurders. 5. Goedkeuring voorafge- nomen bezoldigingen bedrijfsleiders. 6. Divers. Zich richten naar de statuten. (AOPC-1-10-00005/05.02)