Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
PATHCO from Beersel, company number BE0846353605, closed financial year 2025 with a result of € 30,059 after tax. For that financial year PATHCO recorded a gross margin of € 73,608 and equity of € -28,089. Compared with financial year 2024, the result moved from € -21,719 to € 30,059. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ -28,089
▲ € 30,059 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,059
▲ still € 21,719 loss in 2024
Profit after tax over the fiscal year.
€ 10,942
▼ 44% 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 € -48,089.
People and assets in 2025
€ 29,021
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 170,952
▼ 20% vs 2024
€ 20,677 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 176
▼ 88% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,568
▲ 272% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 11,139 | € 5,997 | € 22,886 | € 73,608 | ▲ 222% |
| Profit after taxes | € -25,247 | € -37,013 | € -21,719 | € 30,059 | ▲ € 51,777 |
| Equity | € -29,416 | € -66,429 | € -58,147 | € -28,089 | ▲ € 30,059 |
| Total debts | € 235,969 | € 246,741 | € 239,908 | € 178,046 | ▼ 26% |
| Cash | € 7,390 | € 5,899 | € 19,380 | € 10,942 | ▼ 44% |
| Land & buildings | € 95,537 | € 83,077 | € 70,617 | € 58,158 | ▼ 18% |
| Retained profit | € -49,416 | € -86,429 | € -78,147 | € -48,089 | ▲ € 30,059 |
| Bank debt | € 214,000 | € 235,498 | € 212,877 | € 170,952 | ▼ 20% |
| Balance sheet total | € 206,553 | € 180,312 | € 181,760 | € 149,957 | ▼ 17% |
Key figures of PATHCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to PATHCO?
What happened at PATHCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 30,059. filed late Source: NBB ↗
- New establishment in Beersel. KBO
- Start of the company according to the CBE. KBO
- JO PAUWELS became a director. NBB
- CHRISTA THYSENS became a director. NBB
In short
From € 25,247 loss in 2022 to € 30,059 profit in 2025.
Paid € 475 in corporate taxes since 2022.
Best year ever: 2025, with € 30,059 profit.
A new publication or filing at PATHCO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind PATHCO are JO PAUWELS and CHRISTA THYSENS.
Directors
According to the 2025 annual accounts
JO PAUWELS
Director
since 2012
CHRISTA THYSENS
Director
since 2012
Establishments
Establishment units
Physical locations of this company
Heerweg 79
1650 Beersel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0846.353.605
- VAT number
- BE 0846.353.605
- Registered office
- Heerweg 79, 1650 Beersel
- Names & denominations
- PATHCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 June 2012
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
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