ACTIVE

PATINCO

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Financial year 2025 · closed on 31/12/2025

Net result

1,9 M €

+18.6% YoY

Gross margin

2,6 M €

+22.1% YoY

Equity

6,4 M €

-26.1% YoY

What does PATINCO do?

PATINCO is a Private limited company incorporated in 1990. Its main activity is: Air transport. Its registered office is in Wingene.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.930.416

Incorporation

26/11/1990

Legal form

Private limited company

Registered office

Heremeersstraat 2A
8750 Wingene · FlandreSee on map

Contributed capital

45 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

51421Air transport· main 70200Management consultancy activities 70220Business and other management consultancy activities 46423Wholesale of clothing and footwear 46423Wholesale of clothing and footwear 46425Wholesale of clothing and footwear+8

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,6 M €	+22.1%	2,2 M €	+1229%	163,1 k €	-90.0%	1,6 M €	+163%	622,0 k €	-84.9%	4,1 M €	+52.9%	2,7 M €	+978%	249,2 k €	+328%	58,2 k €	-4.7%	61,1 k €	+0.9%	60,6 k €	-18.0%	73,9 k €	+15.0%	64,3 k €	-3.1%	66,3 k €	-38.8%	108,3 k €	+4.4%	103,7 k €	-3.5%	107,5 k €	+147%	43,5 k €	-27.5%	60,1 k €	+53.1%	39,2 k €
EBITDA	2,6 M €	+22.6%	2,2 M €	+1235%	161,8 k €	-90.1%	1,6 M €	+164%	618,9 k €	-84.9%	4,1 M €	+52.9%	2,7 M €	+987%	247,0 k €	+340%	56,1 k €	-4.9%	59,0 k €	+1.0%	58,4 k €	-18.3%	71,5 k €	+15.2%	62,1 k €	-2.6%	63,7 k €	-21.1%	80,8 k €	+38.5%	58,3 k €	-19.0%	72,0 k €	+2943%	-2,5 k €	-110%	24,2 k €	-4.3%	25,3 k €
Operating result	2,6 M €	+22.6%	2,2 M €	+1237%	161,5 k €	-90.1%	1,6 M €	+164%	618,6 k €	-84.9%	4,1 M €	+53.1%	2,7 M €	+1037%	235,0 k €	+451%	42,7 k €	-4.5%	44,7 k €	+1.8%	43,9 k €	-20.7%	55,3 k €	+21.6%	45,5 k €	+14.8%	39,6 k €	-17.0%	47,8 k €	+205%	15,6 k €	-43.8%	27,9 k €	+161%	-46,0 k €	-151%	-18,3 k €	+36.0%	-28,6 k €
Net result	1,9 M €	+18.6%	1,6 M €	+544%	253,7 k €	-78.6%	1,2 M €	+174%	432,5 k €	-85.5%	3,0 M €	+57.7%	1,9 M €	+1003%	171,1 k €	+614%	24,0 k €	-11.3%	27,0 k €	+9.2%	24,7 k €	-31.3%	36,0 k €	-1.8%	36,7 k €	+32.1%	27,8 k €	+3.6%	26,8 k €	+590%	-5,5 k €	-208%	5,1 k €	+107%	-71,3 k €	-83.7%	-38,8 k €	-7.8%	-36,0 k €
Balance sheet
Equity	6,4 M €	-26.1%	8,7 M €	+23.2%	7,0 M €	+3.7%	6,8 M €	+21.2%	5,6 M €	+8.4%	5,2 M €	+137%	2,2 M €	+649%	290,9 k €	+143%	119,8 k €	+25.0%	95,9 k €	+39.2%	68,9 k €	+56.1%	44,1 k €	+446%	8,1 k €	+128%	-28,6 k €	+49.3%	-56,4 k €	+32.2%	-83,2 k €	-7.0%	-77,7 k €	+6.1%	-82,8 k €	-625%	-11,4 k €	-142%	27,4 k €
Total assets	7,1 M €	-20.4%	8,9 M €	+25.0%	7,1 M €	+1.4%	7,1 M €	+24.8%	5,7 M €	+1.5%	5,6 M €	+122%	2,5 M €	+558%	380,8 k €	+16.9%	325,7 k €	+2.4%	318,1 k €	-4.2%	332,0 k €	+1.1%	328,5 k €	-10.1%	365,3 k €	-2.8%	375,8 k €	-5.3%	396,7 k €	-29.9%	565,6 k €	+0.1%	565,3 k €	-10.4%	630,7 k €	+3.5%	609,2 k €	-2.4%	623,9 k €
Cash	18,3 k €	+224%	5,6 k €	-42.3%	9,8 k €	+1570%	586,3 €	-98.8%	50,5 k €	+30.0%	38,8 k €	+14.8%	33,8 k €	-66.7%	101,6 k €	+161%	38,9 k €	+759%	4,5 k €	-76.3%	19,1 k €	+441%	3,5 k €	-85.4%	24,2 k €	+20780%	116,1 €	-97.2%	4,2 k €	+165%	1,6 k €	-92.0%	19,8 k €	+58.6%	12,5 k €	-34.3%	19,0 k €	-34.5%	28,9 k €
Debts	725,5 k €	+158%	280,9 k €	+122%	126,5 k €	-55.4%	283,7 k €	+315%	68,3 k €	-83.6%	417,2 k €	+27.4%	327,4 k €	+264%	89,9 k €	-56.3%	205,9 k €	-7.4%	222,3 k €	-14.7%	260,5 k €	-8.4%	284,3 k €	-20.4%	357,3 k €	-11.7%	404,4 k €	-10.7%	453,1 k €	-30.2%	648,8 k €	+2.8%	631,4 k €	-9.7%	699,1 k €	+12.6%	620,6 k €	+4.0%	596,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,6 ETP	-57.1%	1,4 ETP	+27.3%	1,1 ETP	-42.1%	1,9 ETP	+90.0%	1,0 ETP	+400%	0,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

Merijn HAECK

Director · since 25 janvier 2006

Active

Ended mandates

Guido HAECK

Director · since 25 janvier 2006 · until 20 novembre 2023

Ended

Guido HAECK

Director · since 25 janvier 2006

Ended

Guido HAECK

Manager · since 25 janvier 2006

Ended

Karolien HERMANS

Manager · since 25 janvier 2006 · until 30 juin 2011

Ended

At this address

Other companies at this address

Company	CBE no.
GURI-INVEST● Active	0874.692.946

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/07/2026	23/07/2025	22/07/2024	17/07/2023	15/07/2022	24/06/2021
General meeting	26/06/2026	27/06/2025	21/06/2024	23/06/2023	24/06/2022	07/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	24/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	23/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	22/07/2024	Dutch	PDF
Abridged model	31/12/2022	23/06/2023	17/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	15/07/2022	Dutch	PDF
Abridged model	31/12/2020	07/05/2021	24/06/2021	Dutch	PDF
Abridged model	31/12/2019	08/05/2020	23/06/2020	Dutch	PDF
Abridged model	31/12/2018	03/05/2019	03/06/2019	Dutch	PDF
Abridged model	31/12/2017	04/05/2018	29/05/2018	Dutch	PDF
Abridged model	31/12/2016	05/05/2017	09/05/2017	Dutch	PDF
Abridged model	31/12/2015	29/04/2016	03/05/2016	Dutch	PDF
Abridged model	31/12/2014	14/04/2015	04/05/2015	Dutch	PDF
Abridged model	31/12/2013	14/04/2014	04/06/2014	Dutch	PDF
Abridged model	31/12/2012	22/03/2013	12/04/2013	Dutch	PDF
Abridged model	31/12/2011	27/06/2012	09/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	02/11/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	30/09/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/06/2007	09/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 1 active · 10 ended

Active mandates

Merijn HAECK

Director · since 25 janvier 2006

Active

Ended mandates

Guido HAECK

Director · since 25 janvier 2006 · until 20 novembre 2023

Ended

Guido HAECK

Director · since 25 janvier 2006

Ended

Guido HAECK

Manager · since 25 janvier 2006

Ended

Karolien HERMANS

Manager · since 25 janvier 2006 · until 30 juin 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/07/2012
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/02/2006
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates11/03/2004
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 20251,9 M €↑
2024
Annual accounts 20241,6 M €↑
2023
Annual accounts 2023253,7 k €↓
2022
Annual accounts 20221,2 M €↑
2021
Annual accounts 2021432,5 k €↓
2020
Annual accounts 20203,0 M €↑
2019
Annual accounts 20191,9 M €↑
2018
Annual accounts 2018171,1 k €↑
2017
Annual accounts 201724,0 k €↓
2016
Annual accounts 201627,0 k €↑
2015
Annual accounts 201524,7 k €↓
2014
Annual accounts 201436,0 k €↓
2013
Annual accounts 201336,7 k €↑
2012
Annual accounts 201227,8 k €↑
2011
Annual accounts 201126,8 k €↑
2010
Annual accounts 2010-5,5 k €↓
2009
Annual accounts 20095,1 k €↑
2008
Annual accounts 2008-71,3 k €↓
2007
Annual accounts 2007-38,8 k €↓
2006
Annual accounts 2006-36,0 k €
26/11/1990
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PATINCO

Overview

What does PATINCO do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline