Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
pathw.ai from Gent, company number BE0728754169, closed financial year 2025 with a result of € -54,561 after tax. For that financial year pathw.ai recorded a gross margin of € 4,816 and equity of € 3,671. Compared with financial year 2024, the result moved from € -53,041 to € -54,561. The company made a loss. The buffer shrank hard: equity is 97 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 3,671
▼ 97% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -54,561
▼ 3 % more loss than in 2024
Profit after tax over the fiscal year.
€ 60,899
▲ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -307,079.
Debts at end 2025
€ 200,000
Loans from banks and other lenders, long and short.
€ 2,618
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -24,310 | € -4,343 | € 8,687 | € 4,816 | ▼ 45% |
| Profit after taxes | € -75,022 | € -62,889 | € -53,041 | € -54,561 | ▼ € 1,520 |
| Equity | € 305,157 | € 248,676 | € 126,933 | € 3,671 | ▼ 97% |
| Total debts | € 383,324 | € 417,930 | € 228,626 | € 238,078 | ▲ 4% |
| Cash | € 24,002 | € 40,479 | € 56,297 | € 60,899 | ▲ 8% |
| Retained profit | € -136,589 | € -199,478 | € -252,518 | € -307,079 | ▼ € 54,561 |
| Bank debt | € 200,000 | € 200,000 | € 200,000 | € 200,000 | |
| Balance sheet total | € 688,481 | € 666,606 | € 355,560 | € 241,748 | ▼ 32% |
Key figures of pathw.ai, 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 pathw.ai?
What happened at pathw.ai in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 54,561. filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- EMACS NV became a director. NBB
- Appsilon BV became a director. NBB
In short
From € 75,022 loss in 2022 to € 54,561 loss in 2025.
Management
The stake of EUROPEAN MANAGEMENT AND CONSULTANCY SERVICES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
pathw.aiBehind pathw.ai are EMACS NV and Appsilon BV. The shares are held by EUROPEAN MANAGEMENT AND CONSULTANCY SERVICES (23.3%).
Directors
According to the 2025 annual accounts
since 2019
Director · represented by Smet Philip
since 2019
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hélène Dutrieulaan 6 box 501
9051 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0728.754.169
- VAT number
- BE 0728.754.169
- Registered office
- Hélène Dutrieulaan 6 bus 501, 9051 Gent
- Names & denominations
- pathw.ai
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 June 2019
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