iPATH Solutions
ActiveSummary
iPATH Solutions has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €258,687 and a net result of €144,081. Equity is growing by ~131.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 7081 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
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Signals
This company filed its last 3 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 39,275 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2,382 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €28,150 | - |
| Other operating charges640/8 | €407 | - | €373 | - |
| Gross operating margin9900 | -€42,100 | €194,029 | €232,224 | ▲ 19.7% |
| Operating profit (loss)9901 | -€42,508 | €194,029 | €201,319 | ▲ 3.8% |
| Financial income75/76B | - | €638 | €209 | ▼ 67.3% |
| Recurring financial income75 | - | €638 | €209 | ▼ 67.3% |
| Financial charges65/66B | €16 | €1,739 | €5,219 | ▲ 200% |
| Recurring financial charges65 | €16 | €1,739 | €5,219 | ▲ 200% |
| Profit (loss) for the period before taxes9903 | -€42,524 | €192,928 | €196,309 | ▲ 1.8% |
| Income taxes67/77 | - | €35,898 | €52,228 | ▲ 45.5% |
| Profit (loss) for the period9904 | -€42,524 | €157,030 | €144,081 | ▼ 8.2% |
| Profit (loss) for the period to be appropriated9905 | -€42,524 | €157,030 | €144,081 | ▼ 8.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2,067 | €250,194 | €290,899 | ▲ 16.3% |
| Fixed assets21/28 | - | - | €7,068 | - |
| Intangible fixed assets21 | - | - | €7,068 | - |
| Current assets29/58 | €2,067 | €250,194 | €283,831 | ▲ 13.4% |
| Amounts receivable within one year40/41 | €625 | €84,915 | €34,162 | ▼ 59.8% |
| Trade receivables40 | - | €84,915 | €14,809 | ▼ 82.6% |
| Other amounts receivable41 | €625 | - | €19,353 | - |
| Cash at bank and in hand54/58 | €1,441 | €162,841 | €246,952 | ▲ 51.7% |
| Deferred charges and accrued income490/1 | - | €2,438 | €2,717 | ▲ 11.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2,067 | €250,194 | €290,899 | ▲ 16.3% |
| Equity10/15 | -€42,424 | €114,606 | €258,687 | ▲ 126% |
| Contributions10/11 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | -€42,524 | €114,506 | €258,587 | ▲ 126% |
| Provisions and deferred taxes16 | - | - | €28,150 | - |
| Provisions for liabilities and charges160/5 | - | - | €28,150 | - |
| Other liabilities and charges164/5 | - | - | €28,150 | - |
| Amounts payable17/49 | €44,491 | €135,588 | €4,063 | ▼ 97.0% |
| Amounts payable within one year42/48 | €44,491 | €135,588 | €4,063 | ▼ 97.0% |
| Financial debts43 | - | €65 | - | - |
| Credit institutions430/8 | - | €65 | - | - |
| Trade debts44 | €1,826 | €8,846 | €654 | ▼ 92.6% |
| Suppliers440/4 | €1,826 | €8,846 | €654 | ▼ 92.6% |
| Advances received on contracts in progress46 | - | €84,334 | €700 | ▼ 99.2% |
| Taxes, remuneration and social security45 | €575 | €37,900 | €2,709 | ▼ 92.9% |
| Taxes450/3 | €575 | €37,900 | €2,709 | ▼ 92.9% |
| Other amounts payable47/48 | €42,089 | €4,444 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,524 | €157,030 | €144,081 | ▼ 8.2% |
| + Depreciation and write-downs630 | - | - | €2,382 | - |
| Operating cash flow (approximation) | -€42,524 | €157,030 | €146,463 | ▼ 6.7% |
| Change in cash | - | €161,400 | €84,111 | ▼ 47.9% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0285/00E003 | Flanders | 261 m² | 1 · 91 m² | 14.2 m · 3 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
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Identification & contact
Register as of 27 September 2026 · Peppol Directory
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