BoPath
ActiveSummary
BoPath has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1k and a net result of €17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency30▼-70
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 9494 sector peers (2025).
NBB · sector comparisonPosition among 9494 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-03-2026, 41 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
41 d early
2024
68 d early
2023
161 d early
2022
117 d early
2021
40 d early
2020
71 d early
2019
51 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1k▼ 98.4%
2024 · €63k
2019: €18k
2020: €-423▼ -102% vs 2019lowest in 7 years
2021: €30k▲ +7136% vs 2020
2022: €1k▼ -96.6% vs 2021
2023: €1k● 0.0% vs 2022
2024: €63k▲ +6232% vs 2023highest in 7 years
2025: €1k▼ -98.4% vs 2024
2019 → 2025
Total assets
€21k▼ 71.4%
2024 · €73k
2019: €21k
2020: €6k▼ -73.2% vs 2019lowest in 7 years
2021: €48k▲ +751% vs 2020
2022: €58k▲ +22.1% vs 2021
2023: €71k▲ +21.8% vs 2022
2024: €73k▲ +3.0% vs 2023highest in 7 years
2025: €21k▼ -71.4% vs 2024
2019 → 2025
Net result
€17k▼ 73.4%
2024 · €62k
2019: €-911
2020: €-18k▼ -1888% vs 2019lowest in 7 years
2021: €30k▲ +266% vs 2020
2022: €32k▲ +6.1% vs 2021
2023: €63k▲ +96.1% vs 2022highest in 7 years
2024: €62k▼ -0.7% vs 2023
2025: €17k▼ -73.4% vs 2024
2019 → 2025
Working capital
€537▼ 99.1%
2024 · €61k
2019: €18k
2020: €-423▼ -102% vs 2019
2021: €21k▲ +5184% vs 2020
2022: €-11k▼ -153% vs 2021lowest in 7 years
2023: €-6k▲ +51.4% vs 2022
2024: €61k▲ +1204% vs 2023highest in 7 years
2025: €537▼ -99.1% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€1k▼ 96.6%€1k=€63k▲ 6,232%€1k▼ 98.4%
2021: €30k
2022: €1k▼ -96.6% vs 2021lowest in 5 years
2023: €1k● 0.0% vs 2022lowest in 5 years
2024: €63k▲ +6232% vs 2023highest in 5 years
2025: €1k▼ -98.4% vs 2024lowest in 5 years
Operating result€33k-€40k▲ 21.0%€79k▲ 97.9%€78k▼ 0.8%€21k▼ 73.3%
2021: €33k
2022: €40k▲ +21.0% vs 2021
2023: €79k▲ +97.9% vs 2022highest in 5 years
2024: €78k▼ -0.8% vs 2023
2025: €21k▼ -73.3% vs 2024lowest in 5 years
Net result€30k-€32k▲ 6.1%€63k▲ 96.1%€62k▼ 0.7%€17k▼ 73.4%
2021: €30k
2022: €32k▲ +6.1% vs 2021
2023: €63k▲ +96.1% vs 2022highest in 5 years
2024: €62k▼ -0.7% vs 2023
2025: €17k▼ -73.4% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 73% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21k
Fixed assets
€463 ▼ 82.0%
Current assets
€20k ▼ 71.0%
Equity and liabilities €21k
Equity
€1k ▼ 98.4%
Debt
€20k ▲ 104%
Debt's share of the balance-sheet total rises from 13.3% to 95.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23k▼
2024 · €82k
Cash flow
€19k▼
2024 · €66k
Current ratio
1.03▼
2024 · 7.23
Debt to equity
19.89▲
2024 · 0.15
ROA
79.4%▼
2024 · 85.3%
Interest coverage
331.67▼
2024 · 2192.11
Debt ≤ 1 year
€20k▲
2024 · €10k
Income taxes
€4k▼
2024 · €16k
A ratio outside any meaningful range has been withheld (balance sheet total €21k, equity €1k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€73k€21k▼
Fixed assets21/28€3k€463▼
Tangible fixed assets22/27€3k€463▼
Furniture and vehicles24€3k€463▼
Current assets29/58€70k€20k▼
Amounts receivable within one year40/41€23k€1k▼
Trade receivables40€20k-
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€47k€18k▼
Deferred charges and accrued income490/1€956€979▲
Equity and liabilities
Total equity and liabilities10/49€73k€21k▼
Equity10/15€63k€1k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€62k-
Amounts payable17/49€10k€20k▲
Amounts payable within one year42/48€10k€20k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€6k€2k▼
Taxes450/3€6k€2k▼
Other amounts payable47/48€1k€15k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Other operating charges640/8€443€375▼
Gross operating margin9900€82k€23k▼
Operating profit (loss)9901€78k€21k▼
Financial income75/76B€97€136▲
Recurring financial income75€97€136▲
Financial charges65/66B€37€69▲
Recurring financial charges65€37€69▲
Profit (loss) for the period before taxes9903€78k€21k▼
Income taxes67/77€16k€4k▼
Profit (loss) for the period9904€62k€17k▼
Profit (loss) for the period to be appropriated9905€62k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€62k€79k▲
Profit (loss) brought forward from the previous period14P-€62k
Profit to be distributed694/7-€79k
Return on contributions (dividend)694-€79k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €6k | €7k | €4k | €2k | ▼ 46.2% |
| Other operating charges640/8 | - | €451 | €783 | €443 | €375 | ▼ 15.3% |
| Gross operating margin9900 | €35k | €47k | €86k | €82k | €23k | ▼ 71.7% |
| Operating profit (loss)9901 | €33k | €40k | €79k | €78k | €21k | ▼ 73.3% |
| Financial income75/76B | - | €0 | €24 | €97 | €136 | ▲ 40.7% |
| Recurring financial income75 | €0 | €0 | €24 | €97 | €136 | ▲ 40.7% |
| Financial charges65/66B | - | €32 | €34 | €37 | €69 | ▲ 84.8% |
| Recurring financial charges65 | €418 | €32 | €34 | €37 | €69 | ▲ 84.8% |
| Profit (loss) for the period before taxes9903 | €32k | €40k | €79k | €78k | €21k | ▼ 73.3% |
| Income taxes67/77 | €2k | €8k | €16k | €16k | €4k | ▼ 72.9% |
| Profit (loss) for the period9904 | €30k | €32k | €63k | €62k | €17k | ▼ 73.4% |
| Profit (loss) for the period to be appropriated9905 | €30k | €32k | €63k | €62k | €17k | ▼ 73.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48k | €58k | €71k | €73k | €21k | ▼ 71.4% |
| Fixed assets21/28 | €9k | €12k | €7k | €3k | €463 | ▼ 82.0% |
| Tangible fixed assets22/27 | €9k | €12k | €7k | €3k | €463 | ▼ 82.0% |
| Furniture and vehicles24 | - | €12k | €7k | €3k | €463 | ▼ 82.0% |
| Current assets29/58 | €39k | €46k | €64k | €70k | €20k | ▼ 71.0% |
| Amounts receivable within one year40/41 | €19k | €19k | €18k | €23k | €1k | ▼ 94.0% |
| Trade receivables40 | - | €19k | €18k | €20k | - | - |
| Other amounts receivable41 | - | €0 | €65 | €2k | €1k | ▼ 39.4% |
| Cash at bank and in hand54/58 | €19k | €26k | €44k | €47k | €18k | ▼ 61.5% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €956 | €979 | ▲ 2.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48k | €58k | €71k | €73k | €21k | ▼ 71.4% |
| Equity10/15 | €30k | €1k | €1k | €63k | €1k | ▼ 98.4% |
| Contributions10/11 | - | €1k | €1k | €1k | €1k | = |
| Reserves13 | €11k | €0 | - | - | - | - |
| Distributable reserves133 | - | €0 | - | - | - | - |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €62k | - | - |
| Amounts payable17/49 | €18k | €57k | €70k | €10k | €20k | ▲ 104% |
| Amounts payable within one year42/48 | €18k | €57k | €70k | €10k | €20k | ▲ 104% |
| Trade debts44 | €414 | €693 | €281 | €2k | €2k | ▼ 16.9% |
| Suppliers440/4 | - | €693 | €281 | €2k | €2k | ▼ 16.9% |
| Taxes, remuneration and social security45 | - | €8k | €7k | €6k | €2k | ▼ 58.9% |
| Taxes450/3 | - | €8k | €7k | €6k | €2k | ▼ 58.9% |
| Other amounts payable47/48 | - | €48k | €63k | €1k | €15k | ▲ 1,026% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €32k | €63k | €62k | €17k | ▼ 73.4% |
| + Depreciation and write-downs630 | €2k | €6k | €7k | €4k | €2k | ▼ 46.2% |
| Operating cash flow (approximation) | €32k | €38k | €70k | €66k | €19k | ▼ 71.8% |
| Investment in fixed assets (approximation) | - | €-10k | €-1k | €0 | €0 | - |
| Change in cash | - | €7k | €19k | €3k | €-29k | ▼ 1,200% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity times 8current ratio 7.23
Current ratio from 0.92 to 7.23; short-term debt falls from €70k to €10k.
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Highest result since 2019net €63k ▲96.1%
Operating result €79k, net result €63k, both a record.
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €30k
Net result €30k after 2 loss-making years.
30-09
Financial
Liquidity doublescurrent ratio 2.22
Current ratio from 0.93 to 2.22.
18-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2019
Ground area
173 m²
Building footprint
74 m²
Volume, LiDAR
407 m³
Parcel 31512B0490/00A005, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BoPath
since 20192.285.264.570
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31512B0490/00A005 | Flanders | 173 m² | 1 · 73 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 924 EUR awarded · 801 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 924 EUR | 801 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,323. 559 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-02-2019
Fiscal year end30-09
Activities, NACEBEL 2025
71111Activities of building architects
70200Business and other management consultancy
71112Activities of interior architects
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.