Financials
Financial year 2025
Pathmakers from Gent, company number BE0716650549, closed financial year 2025 with a result of € 46,853 after tax. For that financial year Pathmakers recorded revenue of € 246,022 and equity of € 2.7 million. Compared with financial year 2024, the result moved from € -66,498 to € 46,853. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 10, 2026.
€ 2.7 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 46,853
▲ still € 66,498 loss in 2024
Profit after tax over the fiscal year.
€ 539,024
▼ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -889,578.
People and assets in 2025
€ 321
▼ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5 million
▲ 8% vs 2024
€ 149,014 is repaid this year. At this pace the long-term loan is gone in ≈ 33 years.
€ 271,746
▲ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,161
▼ 87% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 52,554 | € 100,804 | € 29,162 | € 246,022 | ▲ € 216,860 |
| Gross margin | € -153,037 | € 137,565 | € 329,058 | € 151,512 | ▼ 54% |
| Profit after taxes | € -206,368 | € 7,836 | € -66,498 | € 46,853 | ▲ € 113,350 |
| Equity | € 2,567,230 | € 2,620,067 | € 2,553,569 | € 2,650,422 | ▲ 4% |
| Total debts | € 370,520 | € 3,689,470 | € 5,014,376 | € 5,325,576 | ▲ 6% |
| Cash | € 1,170,441 | € 705,422 | € 577,141 | € 539,024 | ▼ 7% |
| Land & buildings | € 1 | € 1,147,097 | € 1,104,612 | € 1,062,127 | ▼ 4% |
| Retained profit | € -877,770 | € -869,933 | € -936,431 | € -889,578 | ▲ € 46,853 |
| Bank debt | € 0 | € 2,720,929 | € 4,609,412 | € 4,967,016 | ▲ 8% |
| Balance sheet total | € 2,937,750 | € 6,315,607 | € 7,580,085 | € 7,994,208 | ▲ 5% |
Key figures of Pathmakers, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Pathmakers?
What happened at Pathmakers in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick Van De Velde stepped down as director. NBB
- Peter Willens stepped down as director. NBB
- Stefaan Vanhoutte stepped down as director. NBB
- Joachim Rummens stepped down as director. NBB
- Dirk Portier stepped down as director. NBB
- Koen De Bock stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 46,853. Source: NBB ↗
- Patrick Van De Velde became a director. NBB
In short
From € 206,368 loss in 2022 to € 46,853 profit in 2025.
Paid € 2,308 in corporate taxes since 2022.
Best year ever: 2025, with € 46,853 profit.
Management
The stake of Zorg en onderwijs De Hagewinde comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PathmakersThe shares are held by Zorg en onderwijs De Hagewinde.
Directors
According to the 2025 annual accounts
since 2024 · until 2028
Peter Willens
Director
since 2023 · until 2027
Dirk Portier
Director
since 2022 · until 2026
Koen De Bock
Director
since 2022 · until 2026
Stefaan Vanhoutte
Director
Also active at: CERA BEHEERSMAATSCHAPPIJ - CERA SOCIETE DE GESTION, ALMANCORA BEHEERSMAATSCHAPPIJ, ProFinance Consult
since 2023 · until 2027
Joachim Rummens
Director
Also active at: ONZE-LIEVE-VROUW MAAGD DER ARMEN, JOELCO, Ruyskensveld vzw, Denderstroom
since 2023 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Molenaarsstraat 26
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
MAS-ALL2ALL, BE
Website info
Features
Security
Details
- Company number
- 0716.650.549
- VAT number
- BE 0716.650.549
- Registered office
- Molenaarsstraat 26, 9000 Gent
- Names & denominations
- Pathmakers
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 17 December 2018
- Peppol
- Active · Active since 12 Feb 2026
- Contact
- pathmakers.be
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Verstrekken van verbruikskrediet
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Ontwikkeling van niet-residentiële bouwprojecten