m-Path Software
ActiveSummary
m-Path Software has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9k and a net result of €-158k. Its solvency ranks better than 10% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes
Profitability0
Solvency27
Growth-
Track record67
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 11.04; short-term debt: 7.3% and cash: 59.9% of total assets), but 98.5% of the assets are financed with debt.
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Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.5%
Return on assets
-25.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€9k
Total assets
€622k
Net result
€-158k
Working capital
€458k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €622k
Fixed assets
€118k
Current assets
€504k
Equity and liabilities €622k
Equity
€9k
Debt
€613k
Debt finances 98.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€-100k
Cash flow
€-109k
Current ratio
11.04
Debt to equity
65.15
ROA
-25.4%
Interest coverage
-11.22
Debt ≤ 1 year
€46k
Income taxes
€105
Staff costs
€242k
A ratio outside any meaningful range has been withheld (balance sheet total €622k, equity €9k).
Annual accounts
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €242k |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49k |
| Other operating charges640/8 | €58 |
| Gross operating margin9900 | €141k |
| Operating profit (loss)9901 | €-149k |
| Financial income75/76B | €7 |
| Recurring financial income75 | €7 |
| Financial charges65/66B | €9k |
| Recurring financial charges65 | €9k |
| Profit (loss) for the period before taxes9903 | €-158k |
| Income taxes67/77 | €105 |
| Profit (loss) for the period9904 | €-158k |
| Profit (loss) for the period to be appropriated9905 | €-158k |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €622k | |
| Fixed assets21/28 | €118k | |
| Intangible fixed assets21 | €110k | |
| Tangible fixed assets22/27 | €4k | |
| Plant, machinery and equipment23 | €4k | |
| Financial fixed assets28 | €5k | |
| Current assets29/58 | €504k | |
| Amounts receivable within one year40/41 | €113k | |
| Trade receivables40 | €54k | |
| Other amounts receivable41 | €59k | |
| Cash at bank and in hand54/58 | €372k | |
| Deferred charges and accrued income490/1 | €19k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €622k | |
| Equity10/15 | €9k | |
| Contributions10/11 | €168k | |
| Profit (loss) carried forward14 | €-158k | |
| Amounts payable17/49 | €613k | |
| Amounts payable within one year42/48 | €46k | |
| Financial debts43 | €3k | |
| Credit institutions430/8 | €3k | |
| Trade debts44 | €8k | |
| Suppliers440/4 | €8k | |
| Taxes, remuneration and social security45 | €29k | |
| Taxes450/3 | €371 | |
| Remuneration and social security454/9 | €28k | |
| Other amounts payable47/48 | €5k | |
| Accrued charges and deferred income492/3 | €567k | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €-158k |
| + Depreciation and write-downs630 | €49k |
| Operating cash flow (approximation) | €-109k |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Leuven · 1 establishment unit since 2024
Ground area
549 m²
Building footprint
129 m²
Volume, LiDAR
950 m³
Parcel 24482F0217/00L000, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
m-Path Software
since 20242.360.407.304
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24482F0217/00L000 | Flanders | 549 m² | 1 · 129 m² | 9.6 m · 3 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
2025 · 1 entry · 1,283 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,283 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 4,287 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
Founded07-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.