OPENING OF BANKRUPTCY

PATCH PHARMA

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Financial year 2018 · closed on 31/12/2018
Net result
157,0 k €
+107.8% YoY
Gross margin
1,4 M €
-20.9% YoY
Equity
-1,7 M €
+8.1% YoY
Workforce
14,5 ETP
-49.8% YoY

Company — Opening of bankruptcy.

What does PATCH PHARMA do?

PATCH PHARMA is a Public limited company incorporated in 1997. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Waterloo. It employs on average 14,5 ETP workers (FTE).

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0459.743.277
Incorporation
10/01/1997
Legal form
Public limited company
Registered office
Drève Richelle 161M box 57
1410 Waterloo · WallonieSee on map
Latest accounts
31/12/2018
Average workforce
14,5 ETP
Activities (NACE)
46460Wholesale of pharmaceutical goods· main46460Wholesale of pharmaceutical goods
Joint committees (2)
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2018201720162015201420132012201120102009200820072006
Income statement
Gross margin1,4 M €1,7 M €2,8 M €2,5 M €––––––2,8 M €2,5 M €1,9 M €
EBITDA328,9 k €-432,5 k €206,7 k €392,8 k €168,7 k €-44,5 k €-63,0 k €181,4 k €58,3 k €1,5 M €648,1 k €821,0 k €532,4 k €
Operating result258,0 k €-2,0 M €160,5 k €286,5 k €137,5 k €-153,7 k €97,8 k €12,2 k €-113,2 k €1,3 M €549,2 k €707,1 k €414,5 k €
Net result157,0 k €-2,0 M €34,0 k €22,1 k €6,6 k €-486,7 k €21,7 k €-76,2 k €-117,2 k €851,2 k €328,3 k €433,8 k €224,9 k €
Balance sheet
Equity-1,7 M €-1,9 M €123,5 k €96,5 k €57,2 k €50,6 k €537,3 k €515,6 k €591,8 k €1,0 M €677,8 k €697,5 k €789,9 k €
Total assets1,1 M €1,8 M €4,2 M €3,7 M €4,1 M €4,3 M €4,0 M €3,9 M €4,2 M €3,4 M €2,5 M €2,3 M €1,9 M €
Cash164,8 k €133,2 k €476,3 k €453,8 k €482,9 k €372,0 k €333,6 k €83,7 k €283,3 k €208,8 k €272,7 k €366,7 k €600,3 k €
Debts2,8 M €3,7 M €4,1 M €3,5 M €4,0 M €4,1 M €3,4 M €3,3 M €3,4 M €2,2 M €1,8 M €1,5 M €1,1 M €
Other
Workforce14,5 ETP28,9 ETP41,6 ETP35,6 ETP42,2 ETP45,4 ETP50,7 ETP61,8 ETP62,3 ETP46,9 ETP40,2 ETP34,5 ETP33,2 ETP
Governance

Board of directors

Seen on filing of 31/12/2018 · 8 active · 50 ended

Active mandates

SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

Director · since 20 septembre 2018 · until 28 mai 2019 · 0426.887.397

Represented by ISABELLE DEVOS

Active
ETIENNE HUBLET

Director · since 10 juillet 2018 · until 28 mai 2019

Active
PIERRE SCHMIDT

Director · since 31 mai 2016 · until 28 mai 2019

Active
VALUEFIN

Director · since 31 mai 2016 · until 28 mai 2019 · 0812.262.657

Represented by ROBERT MAURISSEN

Active
JP ENTERPRISES

Director · since 26 mai 2015 · until 28 mai 2019 · 0478.862.571

Represented by JOHAN PICARD

Active
CHRISTIAN ROZET

Director · since 28 mai 2013 · until 28 mai 2019

Active
EIFEL DEVELOPMENT

Chairman of the board of directors · since 28 mai 2013 · until 28 mai 2019 · 0894.091.758

Represented by FRANCOIS LEPLAT

Active
SOCIETE D'INVESTISSEMENT ET DE FINANCEMENT DU BRABANT WALLON

Director · since 28 mai 2013 · until 28 mai 2019 · 0430.636.943

Represented by PIERRE DE WAHA

Active

Ended mandates

EIFEL DEVELOPMENT

Managing director · since 14 mars 2018 · until 28 mai 2019 · 0894.091.758

Represented by François Leplat

Ended
Jean-Pierre Mans

Director · since 21 juin 2017 · until 13 décembre 2017

Ended
TR MANAGEMENT

Director · since 31 mai 2016 · until 28 mai 2019 · 0817.437.410

Represented by PHILIPPE TRIEST

Ended
JP ENTERPRISES

Director · since 26 mai 2015 · until 28 mai 2019 · 0478.862.571

Represented by Johan PICARD

Ended
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Annual accounts

Full financial information

201820172016201520142013
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelFull modelFull model
Start of the financial year01/01/201801/01/201701/01/201601/01/201501/01/201401/01/2013
Closing of the financial year31/12/201831/12/201731/12/201631/12/201531/12/201431/12/2013
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/05/201904/09/201801/06/201716/06/201619/06/201515/09/2014
General meeting28/05/201920/06/201830/05/201707/06/201616/06/201526/06/2014
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/201828/05/201929/05/2019FrenchPDF
Abridged model31/12/201720/06/201804/09/2018FrenchPDF
Abridged model31/12/201630/05/201701/06/2017FrenchPDF
Abridged model31/12/201507/06/201616/06/2016FrenchPDF
Full model31/12/201416/06/201519/06/2015FrenchPDF
Full model31/12/201326/06/201415/09/2014FrenchPDF
Full model31/12/201228/05/201306/06/2013FrenchPDF
Full model31/12/201129/05/201231/05/2012FrenchPDF
Full model31/12/201031/05/201109/06/2011FrenchPDF
Full model31/12/200925/05/201010/06/2010FrenchPDF
Abridged model31/12/200809/06/200929/06/2009FrenchPDF
Abridged model30/12/200726/05/200827/08/2008FrenchPDF
Abridged model30/12/200623/05/200717/08/2007FrenchPDF
Estimate

Indicative valuation

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 31/12/2018 · 8 active · 50 ended

Active mandates

SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

Director · since 20 septembre 2018 · until 28 mai 2019 · 0426.887.397

Represented by ISABELLE DEVOS

Active
ETIENNE HUBLET

Director · since 10 juillet 2018 · until 28 mai 2019

Active
PIERRE SCHMIDT

Director · since 31 mai 2016 · until 28 mai 2019

Active
VALUEFIN

Director · since 31 mai 2016 · until 28 mai 2019 · 0812.262.657

Represented by ROBERT MAURISSEN

Active
JP ENTERPRISES

Director · since 26 mai 2015 · until 28 mai 2019 · 0478.862.571

Represented by JOHAN PICARD

Active
CHRISTIAN ROZET

Director · since 28 mai 2013 · until 28 mai 2019

Active
EIFEL DEVELOPMENT

Chairman of the board of directors · since 28 mai 2013 · until 28 mai 2019 · 0894.091.758

Represented by FRANCOIS LEPLAT

Active
SOCIETE D'INVESTISSEMENT ET DE FINANCEMENT DU BRABANT WALLON

Director · since 28 mai 2013 · until 28 mai 2019 · 0430.636.943

Represented by PIERRE DE WAHA

Active

Ended mandates

EIFEL DEVELOPMENT

Managing director · since 14 mars 2018 · until 28 mai 2019 · 0894.091.758

Represented by François Leplat

Ended
Jean-Pierre Mans

Director · since 21 juin 2017 · until 13 décembre 2017

Ended
TR MANAGEMENT

Director · since 31 mai 2016 · until 28 mai 2019 · 0817.437.410

Represented by PHILIPPE TRIEST

Ended
JP ENTERPRISES

Director · since 26 mai 2015 · until 28 mai 2019 · 0478.862.571

Represented by Johan PICARD

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other05/09/2019
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates10/07/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/06/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/07/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office27/07/2018
    SIEGE SOCIAL
    PDF
  • Mandates27/07/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/03/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/06/2017
    DEMISSIONS, NOMINATIONS
    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. 2018
    Annual accounts 2018157,0 k €↑
  2. 2017
    Annual accounts 2017-2,0 M €↓
  3. 2016
    Annual accounts 201634,0 k €↑
  4. 2015
    Annual accounts 201522,1 k €↑
  5. 2014
    Annual accounts 20146,6 k €↑
  6. 2013
    Annual accounts 2013-486,7 k €↓
  7. 2012
    Annual accounts 201221,7 k €↑
  8. 2011
    Annual accounts 2011-76,2 k €↑
  9. 2010
    Annual accounts 2010-117,2 k €↓
  10. 2009
    Annual accounts 2009851,2 k €↑
  11. 2008
    Annual accounts 2008328,3 k €↓
  12. 2007
    Annual accounts 2007433,8 k €↑
  13. 2006
    Annual accounts 2006224,9 k €
  14. 10/01/1997
    IncorporationPublic limited company