ACTIVE

PAT VAX

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Financial year 2025 · closed on 31/12/2025
Net result
173,2 k €
+22.3% YoY
Gross margin
289,3 k €
+18.7% YoY
Equity
197,7 k €
0.0% YoY

What does PAT VAX do?

PAT VAX is a Public limited company incorporated in 1990. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Braine-l'Alleud.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0440.066.828
Incorporation
23/01/1990
Legal form
Public limited company
Registered office
Avenue du Japon 35 box 1
1420 Braine-l'Alleud · WallonieSee on map
Contributed capital
179 722,81 €
Latest accounts
31/12/2025
Activities (NACE)
68203Rental and operating of own or leased real estate· main68201Rental and operating of own or leased real estate70200Management consultancy activities
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin289,3 k €243,7 k €219,7 k €176,3 k €155 k €78,5 k €35 k €53,6 k €43,9 k €33,4 k €50,5 k €34,2 k €20,3 k €4 k €1,5 k €-23,6 k €47,9 k €54,2 k €
EBITDA280,9 k €234,5 k €211,8 k €170,9 k €149 k €69,8 k €29,5 k €48,1 k €38,5 k €28,2 k €45,5 k €30,6 k €20,2 k €3,8 k €881 €-24,5 k €47,1 k €53,3 k €
Operating result235,6 k €192,3 k €165,9 k €94 k €112,8 k €42,1 k €-9,1 k €10 k €217,8 €-6,9 k €10,4 k €-3,7 k €-9,8 k €-26,8 k €-40,9 k €-63 k €19,3 k €25,7 k €
Net result173,2 k €141,6 k €117,5 k €77,8 k €120 k €50,6 k €-6,2 k €1,9 k €-9,3 k €-18,3 k €-1,6 k €-8,1 k €-11,6 k €-24 k €-43,5 k €-68,8 k €519 €5,5 k €
Balance sheet
Equity197,7 k €197,7 k €327,3 k €209,8 k €132 k €11,9 k €-38,7 k €-32,5 k €-34,5 k €-25,2 k €-6,8 k €-5,2 k €2,9 k €14,5 k €38,5 k €82 k €150,9 k €150,3 k €
Total assets883,7 k €787,6 k €833,1 k €844,8 k €557,6 k €585,2 k €555,3 k €273,7 k €302,4 k €326,8 k €367,9 k €391,4 k €331,8 k €349,8 k €397,9 k €380,5 k €322,4 k €373,6 k €
Cash27,4 k €76,3 k €36,2 k €15,1 k €24,1 k €11,7 k €11,2 k €30,4 k €19,6 k €38,3 k €43,5 k €28,7 k €22,1 k €–15,5 k €35 €6,2 k €12,2 k €
Debts680,4 k €584,2 k €505,8 k €631,5 k €422,2 k €571,4 k €594 k €306,2 k €336,9 k €352 k €372,2 k €396,7 k €328,9 k €335 k €357,3 k €298,4 k €170,5 k €222,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

Nicolas BOREQUE

Managing director · since 03 avril 2026 · until 03 avril 2032

Active
Oriana KLAUSNER

Director · since 01 janvier 2025 · until 01 janvier 2031

Active

Ended mandates

Nicolas BOREQUE

Managing director · since 01 septembre 2020 · until 05 juin 2026

Ended
Nicolas BOREQUE

Managing director · since 01 septembre 2020 · until 01 septembre 2026

Ended
Nicolas BOREQUE

Managing director · since 05 juin 2020 · until 05 juin 2026

Ended
ALLIANCE 4

Director · since 25 septembre 2014 · until 25 septembre 2020 · 0809.155.687

Represented by Nicolas BOREQUE

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/04/202601/06/202501/07/202411/07/202315/06/202230/08/2021
General meeting03/04/202626/05/202507/06/202420/06/202303/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/04/202616/04/2026FrenchPDF
Abridged model31/12/202426/05/202501/06/2025FrenchPDF
Abridged model31/12/202307/06/202401/07/2024FrenchPDF
Abridged model31/12/202220/06/202311/07/2023FrenchPDF
Abridged model31/12/202103/06/202215/06/2022FrenchPDF
Abridged model31/12/202030/06/202130/08/2021FrenchPDF
Abridged model31/12/201905/06/202009/07/2020FrenchPDF
Abridged model31/12/201807/06/201926/06/2019FrenchPDF
Abridged model31/12/201701/06/201818/06/2018FrenchPDF
Abridged model31/12/201630/06/201718/07/2017FrenchPDF
Abridged model31/12/201530/06/201619/07/2016FrenchPDF
Abridged model31/12/201405/06/201502/07/2015FrenchPDF
Abridged model31/12/201306/06/201417/06/2014FrenchPDF
Abridged model31/12/201231/05/201303/06/2013FrenchPDF
Abridged model31/12/201101/06/201206/06/2012FrenchPDF
Abridged model31/12/201003/01/201127/06/2011FrenchPDF
Abridged model31/12/200904/06/201029/06/2010FrenchPDF
Abridged model31/12/200805/06/200926/06/2009FrenchPDF
Abridged model31/12/200706/06/200823/06/2008FrenchPDF
Abridged model31/12/200601/06/200711/06/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

Nicolas BOREQUE

Managing director · since 03 avril 2026 · until 03 avril 2032

Active
Oriana KLAUSNER

Director · since 01 janvier 2025 · until 01 janvier 2031

Active

Ended mandates

Nicolas BOREQUE

Managing director · since 01 septembre 2020 · until 05 juin 2026

Ended
Nicolas BOREQUE

Managing director · since 01 septembre 2020 · until 01 septembre 2026

Ended
Nicolas BOREQUE

Managing director · since 05 juin 2020 · until 05 juin 2026

Ended
ALLIANCE 4

Director · since 25 septembre 2014 · until 25 septembre 2020 · 0809.155.687

Represented by Nicolas BOREQUE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/08/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office31/01/2025
    SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office31/01/2025
    SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates13/09/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/12/2014
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/09/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares16/09/2014
    OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025173,2 k €↑
  2. 2024
    Annual accounts 2024141,6 k €↑
  3. 2024
    Name changePAT VAX
  4. 2023
    Annual accounts 2023117,5 k €↑
  5. 2022
    Annual accounts 202277,8 k €↓
  6. 2021
    Annual accounts 2021120 k €↑
  7. 2021
    Name changePATVAX
  8. 2020
    Annual accounts 202050,6 k €↑
  9. 2019
    Annual accounts 2019-6,2 k €↓
  10. 2018
    Annual accounts 20181,9 k €↑
  11. 2017
    Annual accounts 2017-9,3 k €↑
  12. 2016
    Annual accounts 2016-18,3 k €↓
  13. 2015
    Annual accounts 2015-1,6 k €↑
  14. 2014
    Annual accounts 2014-8,1 k €↑
  15. 2013
    Annual accounts 2013-11,6 k €↑
  16. 2012
    Annual accounts 2012-24 k €↑
  17. 2011
    Annual accounts 2011-43,5 k €↑
  18. 2010
    Annual accounts 2010-68,8 k €↓
  19. 2009
    Annual accounts 2009519 €↓
  20. 2008
    Annual accounts 20085,5 k €
  21. 23/01/1990
    IncorporationPublic limited company