DIALPATH
ActiveSummary
DIALPATH has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €725,902 and a net result of €147,964. Equity remains stable across the filed financial years (±0.2% per year). Its solvency ranks better than 91% of 11,075 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €725,902
- Profit
- €147,964
Why 99raises riskLatest accounts 61 days late; 3 of the last 3 lateProfit of €147,964 (financial year 2025)lowers riskLiquidity: current ratio 10.81, cash €457,197Equity €725,902 (91.5% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 91% on solvency, 98% on liquidity, 87% on profitability and 78% on growth.
The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 80 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Highest result from 2018 to 2025net €253,948 ▲183,627%
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (61 days) Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00534782.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 32% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2024 Net result +183,627% on 2023. The accounts now follow the abbreviated format, last year the micro format.
Peer companies
Historical observationOf the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,139 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €194,764 | - |
| Remuneration, social security and pensions62 | - | - | - | €34,453 | €13,815 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,964 | €47,234 | €46,695 | €31,965 | €22,781 | €19,479 | €6,469 | €3,301 | ▼ 49.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €3,965 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €37,412 | €7,174 | €4,444 | €5,756 | €4,500 | ▼ 21.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €176 | - |
| Gross operating margin9900 | €54,875 | €19,225 | €35,380 | €25,115 | €38,589 | €23,236 | €268,210 | €179,460 | ▼ 33.1% |
| Operating profit (loss)9901 | €2,105 | -€34,241 | -€46,660 | -€78,715 | -€5,181 | -€688 | €252,020 | €171,483 | ▼ 32.0% |
| Financial income75/76B | - | - | - | €1,009 | €6,425 | €8,984 | €9,033 | €9,293 | ▲ 2.9% |
| Recurring financial income75 | €65 | €125 | €68 | €1,009 | €6,425 | €8,984 | €9,033 | €9,293 | ▲ 2.9% |
| Financial charges65/66B | - | - | - | €4,023 | €4,614 | €7,898 | €6,909 | €224 | ▼ 96.8% |
| Recurring financial charges65 | €4,551 | €5,999 | €4,253 | €4,023 | €4,614 | €7,898 | €6,909 | €224 | ▼ 96.8% |
| Profit (loss) for the period before taxes9903 | -€2,382 | -€40,115 | -€50,844 | -€81,729 | -€3,370 | €398 | €254,143 | €180,552 | ▼ 29.0% |
| Income taxes67/77 | €420 | €176 | €331 | €277 | €278 | €260 | €195 | €32,588 | ▲ 16,574% |
| Profit (loss) for the period9904 | -€2,801 | -€40,291 | -€51,176 | -€82,006 | -€3,649 | €138 | €253,948 | €147,964 | ▼ 41.7% |
| Profit (loss) for the period to be appropriated9905 | -€2,801 | -€40,291 | -€51,176 | -€82,006 | -€3,649 | €138 | €253,948 | €147,964 | ▼ 41.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €618,167 | €575,355 | €530,453 | €438,901 | €451,058 | €467,908 | €620,401 | €793,498 | ▲ 27.9% |
| Fixed assets21/28 | €609,304 | €568,961 | €526,315 | €313,945 | €291,164 | €271,685 | €174,649 | €103,893 | ▼ 40.5% |
| Tangible fixed assets22/27 | €609,280 | €568,936 | €526,290 | €313,921 | €291,140 | €271,660 | €174,624 | €103,893 | ▼ 40.5% |
| Land and buildings22 | - | - | - | €313,921 | €291,140 | €271,660 | €174,624 | €103,893 | ▼ 40.5% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | €25 | €25 | €0 | ▼ 100% |
| Current assets29/58 | €8,863 | €6,394 | €4,139 | €124,955 | €159,894 | €196,223 | €445,752 | €689,606 | ▲ 54.7% |
| Amounts receivable within one year40/41 | - | - | - | €121,148 | €155,754 | €191,681 | €120,622 | €231,909 | ▲ 92.3% |
| Trade receivables40 | - | - | - | - | - | €7,357 | €10,261 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €121,148 | €155,754 | €184,324 | €110,361 | €231,909 | ▲ 110% |
| Cash at bank and in hand54/58 | €4,898 | €2,376 | €121 | - | €122 | €461 | €324,630 | €457,197 | ▲ 40.8% |
| Deferred charges and accrued income490/1 | - | - | - | €3,808 | €4,018 | €4,082 | €500 | €500 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €618,167 | €575,355 | €530,453 | €438,901 | €451,058 | €467,908 | €620,401 | €793,498 | ▲ 27.9% |
| Equity10/15 | €500,973 | €460,682 | €409,506 | €327,500 | €323,851 | €323,989 | €577,937 | €725,902 | ▲ 25.6% |
| Contributions10/11 | €431,500 | €431,500 | €431,500 | €431,500 | €431,500 | €431,500 | €431,500 | €431,500 | = |
| Capital10 | - | - | - | €431,500 | €431,500 | €431,500 | €431,500 | €431,500 | = |
| Issued capital100 | - | - | - | €431,500 | €431,500 | €431,500 | €431,500 | €431,500 | = |
| Reserves13 | €56,767 | €56,767 | €56,767 | €56,767 | €56,767 | €56,767 | €56,767 | €56,767 | = |
| Non-distributable reserves130/1 | - | - | - | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Legal reserve130 | - | - | - | - | - | €37,500 | €37,500 | €37,500 | = |
| Reserves not available under the articles1311 | - | - | - | €37,500 | €37,500 | - | - | - | - |
| Distributable reserves133 | - | - | - | €19,267 | €19,267 | €19,267 | €19,267 | €19,267 | = |
| Profit (loss) carried forward14 | €12,706 | -€27,585 | -€78,760 | -€160,767 | -€164,416 | -€164,277 | €89,670 | €237,635 | ▲ 165% |
| Amounts payable17/49 | €117,194 | €114,673 | €120,947 | €111,401 | €127,207 | €143,919 | €42,463 | €67,597 | ▲ 59.2% |
| Amounts payable within one year42/48 | €117,194 | €114,673 | €120,947 | €111,401 | €127,207 | €143,919 | €42,463 | €63,797 | ▲ 50.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €100,000 | €112,349 | €128,430 | €34,511 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €13 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €13 | - | - | - | - | - |
| Trade debts44 | €972 | €6,970 | €12,360 | €3,502 | €8,015 | €14,951 | €7,757 | €5,719 | ▼ 26.3% |
| Suppliers440/4 | - | - | - | €3,502 | €8,015 | €14,951 | €7,757 | €5,719 | ▼ 26.3% |
| Taxes, remuneration and social security45 | - | - | - | €7,886 | €6,843 | €538 | €195 | €32,583 | ▲ 16,572% |
| Taxes450/3 | - | - | - | €432 | €379 | €538 | €195 | €32,583 | ▲ 16,572% |
| Remuneration and social security454/9 | - | - | - | €7,454 | €6,464 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €25,495 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €3,800 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,801 | -€40,291 | -€51,176 | -€82,006 | -€3,649 | €138 | €253,948 | €147,964 | ▼ 41.7% |
| + Depreciation and write-downs630 | €46,964 | €47,234 | €46,695 | €31,965 | €22,781 | €19,479 | €6,469 | €3,301 | ▼ 49.0% |
| Operating cash flow (approximation) | €44,162 | €6,942 | -€4,480 | -€50,042 | €19,132 | €19,618 | €260,417 | €151,265 | ▼ 41.9% |
| Investment in fixed assets (approximation) | - | -€6,890 | -€4,049 | €180,405 | €0 | €0 | €90,567 | €67,455 | ▼ 25.5% |
| Change in cash | - | -€2,522 | -€2,255 | - | - | €339 | €324,169 | €132,567 | ▼ 59.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-09-2026 | 2026-00534782 |
| 31-12-2024 | abbreviated format | 30-09-2025 | 2025-00516929 |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00424980 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00393748 |
| 31-12-2021 | micro format | 31-12-2022 | 2022-20550329 |
| 31-12-2020 | micro format | 30-11-2021 | 2021-79200284 |
| 31-12-2019 | micro format | 10-11-2020 | 2020-69800286 |
| 31-12-2018 | micro format | 30-09-2019 | 2019-66600235 |
| 31-12-2017 | micro format | 28-09-2018 | 2018-67200041 |
| 31-12-2016 | micro format | 26-09-2017 | 2017-64300482 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
13-09
Gazette deed
Resignations: Braeckman Albrecht, De Clercq Alina and Dua RikaAppointment: Braeckman Ine (director) · Reappointment: Braeckman Dirk (director and managing director) · Legal form clause12 facts ▸
- General meeting, 02-09-2024
- Director resignation, Braeckman Albrecht (director)
- Director resignation, De Clercq Alina (director)
- General meeting, 10-01-2024
- Director appointment, Braeckman Ine (director)
- Director resignation, Dua Rika (director)
- Director reappointment, Braeckman Dirk (director and managing director)
- Legal form clause, “behouden, naamloze vennootschap” (deed in Dutch)
- Amendment of the articles
- Capital, €431,500
- Registered office clause, “9950 Lievegem, Leest 29/B” (deed in Dutch)
- Power of attorney
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44072C1574/00C000 | Flanders | 600 m² | 1 · 183 m² | 3.7 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het patrimonium, gevormd door inbreng, aankoop of verhuring van onroerende goederen, te behouden, te beheren en oordeelkundig uit te…” (deed in Dutch)
9 activities (deed in Dutch)
- Het patrimonium, gevormd door inbreng, aankoop of verhuring van onroerende goederen, te behouden, te beheren en oordeelkundig uit te breiden.
- Het verlenen van adviezen en diensten van financiële, technische, commerciële of administratieve aard; in de ruimste zin bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur.
- Het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten vennootschappen.
- Het bevorderen van de oprichting van vennootschappen door inbreng, participatie of investering.
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren, onder om het even welke vorm, in de meest ruime zin, alle handels- en financiële operaties verrichten, behalve deze welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito’s op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen.
- Het optreden als tussenpersoon bij onderhandelingen door gehele of gedeeltelijke overname van aandelen; in de meest ruime betekenis, het deelnemen aan emissieverrichtingen van aandelen en vastrentende waarden, door intekening, waarborgplaatsing, verhandeling of anderszins, alsmede het verwezenlijken van om het even welke verrichtingen inzake portefeuille of kapitaalbestuur.
- Het waarnemen van alle bestuursopdrachten, het uitoefenen van opdrachten en functies.
- Het beheer van een onroerend vermogen en de huurfinanciering van onroerende goederen van derden, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen, zoals het onderhoud, de ontwikkeling, de verfraaiing en de verhuring of het in leasing geven van deze goederen.
- Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële duurzame activa.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DIALPATH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “13” (deed in Dutch)“In geld of in natura, tenzij de algemene vergadering anders beslist, Vergoeding van de bestuurders” (deed in Dutch)
Capital, shares and profit
- Records ruleWhich registers the company keeps, such as the share register, and how.
- “Notulen van de raad van bestuur, bewaard in een bijzonder register” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht en overgang onder bijzondere of algemene titel, onder bezwarende titel of om niet, onder levenden of ten gevolge van overlijden…” (deed in Dutch)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Bestemming van de winst, 5” (deed in Dutch)“Uitkering van dividenden en interimdividenden, verminderd met overgedragen verlies of vermeerderd met overgedragen winst, zonder onttrekking…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 14:00
- General meeting ruleHow the general meeting works: who calls it, who may attend and how it decides.
- “Organisatie en bijeenroeping van de algemene vergadering, in de zetel van de vennootschap of op elke andere plaats vermeld in de oproeping” (deed in Dutch)“Vertegenwoordiging op de algemene vergadering, elke eigenaar van effecten kan zich laten vertegenwoordigen door een gevolmachtigde…” (deed in Dutch)“Aanwezigheidslijst van de algemene vergadering, alvorens de vergadering wordt begonnen” (deed in Dutch)1 more provision on this in the deed
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Stemrecht op de algemene vergadering, onder voorbehoud van wettelijke en statutaire bepalingen betreffende aandelen zonder stemrecht” (deed in Dutch)“Zetel, stemmen per brief of elektronisch” (deed in Dutch)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Controle van de vennootschap - Benoeming van één of meer commissarissen” (deed in Dutch)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beraadslaagt zoals inzake statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Wetboek van vennootschappen en verenigingen, enige bestuurder of door de raad van bestuur die op dat ogenblik in functie is handelend als…” (deed in Dutch)“Alle verrichtingen vermeld in de wet, gewone meerderheid” (deed in Dutch)