PATH
ActiveSummary
The computed 12-month bankruptcy probability of PATH is 3.7% (moderate). The 2025 annual accounts show negative equity (-€136,935) and a net result of -€73,117. Equity has been shrinking by about 37% per year since 2018. Its solvency ranks better than 9% of 9,850 sector peers (NACE 46, financial year 2025). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-03-1999 Normal situation
- Activity
- Wholesale of non-electrical household articles NACE 46494and 2 others
- Joint committees
- 100 Aanvullend Paritair Comité voor de werklieden
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
- Establishment unit
- 2.091.396.214 9100 Sint-Niklaas, since 23-06-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.7%
Annual accounts 2025
- Gross margin
- €9,996
- ▼ 76.8%
- Turnover
- ≈ €97,000
- estimated
- Loss
- €73,117
- ▲ 42.8%
- Equity
- -€136,935
- ▼ 115%
- Total assets
- €602,244
- ▼ 5.9%
- Employees on 31-12-2025
- 5
- ▼ 16.7%
- Negative equity on 31-12-2025
- 2025 accounts filed 13 days after the deadline
Score breakdownraises riskNegative equity -€136,935Loss of €73,117, the second in a row (financial year 2025)Sector: Wholesale trade (NACE 46)lowers riskSize: 2 FTE, total assets €602,244Show the evidence
Checked score
Score 2025
47
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 9% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Weak
Solvency
2-13
equity -22.7% of total assets
Liquidity
6+3
short-term debt 122.7% · cash 4.8%
Profitability
4-5
return on assets -12.1%
Bankruptcy probability within 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.0%highest value
01-2025: 3.8%▼ -1.2 percentage points vs 12-2024
02-2025: 3.8%● unchanged vs 01-2025
03-2025: 3.8%● unchanged vs 02-2025
04-2025: 3.8%● unchanged vs 03-2025
05-2025: 3.8%● unchanged vs 04-2025
06-2025: 3.5%▼ -0.3 percentage points vs 05-2025
07-2025: 3.6%▲ +0.1 percentage points vs 06-2025
08-2025: 3.6%● unchanged vs 07-2025
09-2025: 3.7%▲ +0.1 percentage points vs 08-2025
10-2025: 2.5%▼ -1.2 percentage points vs 09-2025
11-2025: 2.5%● unchanged vs 10-2025
12-2025: 2.5%● unchanged vs 11-2025
01-2026: 2.5%● unchanged vs 12-2025
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 2.5%● unchanged vs 02-2026
04-2026: 2.5%● unchanged vs 03-2026
05-2026: 2.5%● unchanged vs 04-2026
06-2026: 2.3%▼ -0.2 percentage points vs 05-2026lowest value
07-2026: 2.3%● unchanged vs 06-2026
08-2026: 2.7%▲ +0.4 percentage points vs 07-2026
09-2026: 3.7%▲ +1.0 percentage point vs 08-2026
10-2026: 3.7%● unchanged vs 09-2026
11-2026: 3.7%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.76 (0.84 in 2024), below 1. Short-term debt is 122.7% and cash 4.8% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 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 46, micro). It does better than 12% of them on solvency, 8% on liquidity, 14% on profitability and 4% on growth.
The bankruptcy probability was computed on 04-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€136,935
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
13 days late
2024
56 days late
2023
28 days late
2022
29 days late
2021
19 days late
2020
30 days late
2019
33 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 13 days after the deadline Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00396894.
Annual accounts 2025 filed on 13-08-2026 at the NBB all 26 filings
Turnover
€0▼ 100%
2021 · €336,790
EBIT margin
-10.4%▼ 12.7pp
2020 · 2.4%
Net result
-€73,117▼ 42.8%
2024 · -€51,194
Working capital
-€177,242▼ 53.0%
2024 · -€115,843
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€74,687
▼ 49.4%
2025
20182025
Net result
-€73,117
▼ 42.8%
2025
lowest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
-€136,935
▼ 115%
2025
lowest quarter of the sector
20182025
Total assets
€602,244
▼ 5.9%
2025
middle half of the sector
20182025
Debt
€739,179
▲ 5.1%
2025
20182025
Working capital
-€177,242
▼ 53.0%
2025
lowest quarter of the sector
20182025
Solvency
-22.7%
▼ 12.8pp
2025
lowest quarter of the sector
20182025
Current ratio
0.76
▼ 0.08
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-12.1%
▼ 4.1pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
2
▼ 9.1%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0-€419,189€392,889▼ 6.3%€336,790▼ 14.3%€0▼ 100%
Operating result-€177,966-€22,396€9,235▼ 58.8%-€34,921-€148,280▼ 325%-€85,460▲ 42.4%-€49,992▲ 41.5%-€74,687▼ 49.4%
Net result-€187,794-€31,028€599below the sector's middle half▼ 98.1%-€39,462below the sector's middle half-€153,150below the sector's middle half▼ 288%-€89,415below the sector's middle half▲ 41.6%-€51,194below the sector's middle half▲ 42.7%-€73,117below the sector's middle half▼ 42.8%
EBIT margin5.3%2.4%▼ 3.0pp-10.4%▼ 12.7pp
Equity€237,775-€268,803▲ 13.0%€269,403within the sector's middle half▲ 0.2%€229,941within the sector's middle half▼ 14.6%€76,791below the sector's middle half▼ 66.6%-€12,624below the sector's middle half-€63,818below the sector's middle half▼ 406%-€136,935below the sector's middle half▼ 115%
Total assets€971,810-€983,779▲ 1.2%€916,448within the sector's middle half▼ 6.8%€895,170within the sector's middle half▼ 2.3%€686,324within the sector's middle half▼ 23.3%€612,265within the sector's middle half▼ 10.8%€639,761within the sector's middle half▲ 4.5%€602,244within the sector's middle half▼ 5.9%
Debt€734,034-€714,975▼ 2.6%€647,045▼ 9.5%€665,229▲ 2.8%€609,533▼ 8.4%€624,889▲ 2.5%€703,579▲ 12.6%€739,179▲ 5.1%
Working capital€96,633-€131,851▲ 36.4%€158,703within the sector's middle half▲ 20.4%€149,314within the sector's middle half▼ 5.9%€1,212below the sector's middle half▼ 99.2%-€72,810below the sector's middle half-€115,843below the sector's middle half▼ 59.1%-€177,242below the sector's middle half▼ 53.0%
Solvency24.5%-27.3%▲ 2.9pp29.4%within the sector's middle half▲ 2.1pp25.7%within the sector's middle half▼ 3.7pp11.2%below the sector's middle half▼ 14.5pp-2.1%below the sector's middle half▼ 13.3pp-10.0%below the sector's middle half▼ 7.9pp-22.7%below the sector's middle half▼ 12.8pp
Current ratio1.14-1.19▲ 0.051.25within the sector's middle half▲ 0.061.22within the sector's middle half▼ 0.021.00below the sector's middle half▼ 0.220.88below the sector's middle half▼ 0.120.84below the sector's middle half▼ 0.050.76below the sector's middle half▼ 0.08
Return on assets (ROA)-19.3%-3.2%▲ 22.5pp0.1%below the sector's middle half▼ 3.1pp-4.4%below the sector's middle half▼ 4.5pp-22.3%below the sector's middle half▼ 17.9pp-14.6%below the sector's middle half▲ 7.7pp-8.0%below the sector's middle half▲ 6.6pp-12.1%below the sector's middle half▼ 4.1pp
Staff (FTE)4.8-4.3▼ 10.4%3.6within the sector's middle half▼ 16.3%3.1within the sector's middle half▼ 13.9%2.6within the sector's middle half▼ 16.1%2.6within the sector's middle half=2.2within the sector's middle half▼ 15.4%2within the sector's middle half▼ 9.1%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €74,687, larger than the loss of €49,992 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €602,244
Fixed assets
€40,307 ▼ 22.5%
Current assets
€561,937 ▼ 4.4%
Equity and liabilities
Equity-€136,935
Debt€739,179
Equity is negative. Debt (€739,179) exceeds the balance-sheet total (€602,244).
Key figures and ratios
EBITDA
-€61,581▼
2024 · -€36,216
Cash flow
-€60,011▼
2024 · -€37,417
Interest coverage
-27.15▲
2024 · -28.45
Debt ≤ 1 year
€739,179▲
2024 · €703,579
Income taxes
€0▼
2024 · €8
Staff costs
€67,477▼
2024 · €75,743
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 7 | 7 | 6 | 5 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | 7 | 6 | 6 | 5 | 4 |
| in full-time equivalents | 2.8 | 2.6 | 2.8 | 2 | 1.9 |
| Average over the year, in full-time equivalents | 3.1 | 2.6 | 2.6 | 2.2 | 2 |
| On a permanent contract | 8 | 7 | 6 | 5 | 4 |
| Joined | 5 | 3 | 3 | 2 | 2 |
| Left | 5 | 4 | 3 | 3 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,698 | €8,481 | €15,070 | €10,176 | €2,675 |
| Depreciation and write-downs of the year | €35,696 | €11,078 | €17,963 | €13,777 | €13,106 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0 | €419,189 | €392,889 | €336,790 | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €300,253 | €344,804 | €226,273 | €170,372 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €77,433 | €87,569 | €75,534 | €75,743 | €67,477 | ▼ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €69,089 | €56,290 | €45,545 | €35,696 | €11,078 | €17,963 | €13,777 | €13,106 | ▼ 4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,078 | €2,451 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €3,973 | €1,887 | €2,330 | €1,071 | €4,100 | ▲ 283% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €2,439 | - | - |
| Gross operating margin9900 | €38,802 | €206,607 | €132,451 | €84,259 | -€45,295 | €10,368 | €43,037 | €9,996 | ▼ 76.8% |
| Operating profit (loss)9901 | -€177,966 | €22,396 | €9,235 | -€34,921 | -€148,280 | -€85,460 | -€49,992 | -€74,687 | ▼ 49.4% |
| Financial income75/76B | - | - | - | €109 | €1 | €523 | €80 | €3,838 | ▲ 48× |
| Recurring financial income75 | €17 | €0 | €94 | €109 | €1 | €523 | €80 | €3,838 | ▲ 48× |
| Financial charges65/66B | - | - | - | €4,436 | €5,175 | €4,476 | €1,273 | €2,268 | ▲ 78.2% |
| Recurring financial charges65 | €9,845 | €4,590 | €8,425 | €4,436 | €5,175 | €4,476 | €1,273 | €2,268 | ▲ 78.2% |
| Profit (loss) for the period before taxes9903 | -€187,794 | €17,795 | €904 | -€39,249 | -€153,454 | -€89,413 | -€51,186 | -€73,117 | ▼ 42.8% |
| Income taxes67/77 | €0 | -€13,233 | €304 | €213 | -€304 | €2 | €8 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€187,794 | €31,028 | €599 | -€39,462 | -€153,150 | -€89,415 | -€51,194 | -€73,117 | ▼ 42.8% |
| Profit (loss) for the period to be appropriated9905 | -€187,794 | €31,028 | €599 | -€39,462 | -€153,150 | -€89,415 | -€51,194 | -€73,117 | ▼ 42.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €971,810 | €983,779 | €916,448 | €895,170 | €686,324 | €612,265 | €639,761 | €602,244 | ▼ 5.9% |
| Fixed assets21/28 | €187,999 | €147,135 | €110,699 | €80,627 | €75,580 | €60,186 | €52,025 | €40,307 | ▼ 22.5% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €157,147 | €116,284 | €79,848 | €49,776 | €44,728 | €41,834 | €33,674 | €21,956 | ▼ 34.8% |
| Land and buildings22 | - | - | - | €4,449 | €3,631 | €2,813 | €1,995 | €1,177 | ▼ 41.0% |
| Plant, machinery and equipment23 | - | - | - | €20,622 | €19,766 | €19,983 | €12,910 | €6,780 | ▼ 47.5% |
| Furniture and vehicles24 | - | - | - | €3,962 | €4,310 | €5,741 | €8,132 | €6,023 | ▼ 25.9% |
| Leasing and similar rights25 | - | - | - | €0 | €0 | - | - | €0 | - |
| Other tangible fixed assets26 | - | - | - | €20,744 | €17,020 | €13,297 | €10,636 | €7,975 | ▼ 25.0% |
| Financial fixed assets28 | €30,851 | €30,851 | €30,851 | €30,851 | €30,851 | €18,351 | €18,351 | €18,351 | = |
| Current assets29/58 | €783,811 | €836,644 | €805,748 | €814,543 | €610,745 | €552,079 | €587,736 | €561,937 | ▼ 4.4% |
| Stocks and contracts in progress3 | €50 | €50 | €50 | €50 | €50 | €7,550 | - | - | - |
| Stocks30/36 | - | - | - | €50 | €50 | €50 | - | - | - |
| Contracts in progress37 | - | - | - | - | - | €7,500 | - | - | - |
| Amounts receivable within one year40/41 | €645,248 | €782,198 | €750,796 | €789,012 | €547,165 | €527,073 | €570,218 | €532,773 | ▼ 6.6% |
| Trade receivables40 | - | - | - | €109,961 | €62,242 | €35,705 | €52,558 | €35,145 | ▼ 33.1% |
| Other amounts receivable41 | - | - | - | €679,051 | €484,922 | €491,368 | €517,660 | €497,629 | ▼ 3.9% |
| Cash at bank and in hand54/58 | €138,513 | €54,395 | €54,902 | €25,480 | €63,530 | €15,773 | €17,517 | €29,164 | ▲ 66.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,683 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €971,810 | €983,779 | €916,448 | €895,170 | €686,324 | €612,265 | €639,761 | €602,244 | ▼ 5.9% |
| Equity10/15 | €237,775 | €268,803 | €269,403 | €229,941 | €76,791 | -€12,624 | -€63,818 | -€136,935 | ▼ 115% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Contributions outside capital11 | - | - | - | €18,592 | €18,592 | €18,592 | - | - | - |
| Other1109/19 | - | - | - | €18,592 | €18,592 | €18,592 | - | - | - |
| Reserves13 | €342,904 | €342,904 | €342,904 | €342,904 | €342,904 | €342,904 | €342,904 | €342,904 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | - | - | €6,722 | €6,722 | €6,722 | €6,722 | €6,722 | = |
| Distributable reserves133 | - | - | - | €334,323 | €334,323 | €334,323 | €334,323 | €334,323 | = |
| Profit (loss) carried forward14 | -€123,721 | -€92,693 | -€92,093 | -€131,555 | -€284,705 | -€374,120 | -€425,314 | -€498,431 | ▼ 17.2% |
| Amounts payable17/49 | €734,034 | €714,975 | €647,045 | €665,229 | €609,533 | €624,889 | €703,579 | €739,179 | ▲ 5.1% |
| Amounts payable after more than one year17 | €46,857 | €10,183 | €0 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €687,178 | €704,792 | €647,045 | €665,229 | €609,533 | €624,889 | €703,579 | €739,179 | ▲ 5.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | €0 | - | - | - | - |
| Financial debts43 | - | - | - | €0 | €0 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | €0 | - | - | - | - |
| Trade debts44 | €73,164 | €123,052 | €144,899 | €206,068 | €196,034 | €307,767 | €366,117 | €425,354 | ▲ 16.2% |
| Suppliers440/4 | - | - | - | €206,068 | €196,034 | €307,767 | €366,117 | €425,354 | ▲ 16.2% |
| Taxes, remuneration and social security45 | - | - | - | €36,090 | €35,579 | €22,381 | €21,050 | €20,143 | ▼ 4.3% |
| Taxes450/3 | - | - | - | €10,509 | €604 | €907 | €44 | €219 | ▲ 398% |
| Remuneration and social security454/9 | - | - | - | €25,582 | €34,975 | €21,474 | €21,006 | €19,924 | ▼ 5.2% |
| Other amounts payable47/48 | - | - | - | €423,070 | €377,920 | €294,741 | €316,411 | €293,683 | ▼ 7.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€187,794 | €31,028 | €599 | -€39,462 | -€153,150 | -€89,415 | -€51,194 | -€73,117 | ▼ 42.8% |
| + Depreciation and write-downs630 | €69,089 | €56,290 | €45,545 | €35,696 | €11,078 | €17,963 | €13,777 | €13,106 | ▼ 4.9% |
| Operating cash flow (approximation) | -€118,705 | €87,318 | €46,144 | -€3,766 | -€142,071 | -€71,452 | -€37,417 | -€60,011 | ▼ 60.4% |
| Investment in fixed assets (approximation) | - | -€15,427 | -€9,109 | -€5,624 | -€6,030 | -€2,570 | -€5,616 | -€1,387 | ▲ 75.3% |
| Change in cash | - | -€84,118 | €507 | -€29,421 | €38,050 | -€47,757 | €1,745 | €11,647 | ▲ 568% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as PATH has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
84.5%
was still going
10.0%
stopped otherwise
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PATH itself: 3.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for PATH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-08-2026 | 2026-00396894 | |
| 31-12-2024 | abbreviated format | 25-09-2025 | 2025-00503331 | |
| 31-12-2023 | abbreviated format | 28-08-2024 | 2024-00415510 | |
| 31-12-2022 | abbreviated format | 29-08-2023 | 2023-00436505 | |
| 31-12-2021 | abbreviated format | 19-08-2022 | 2022-20308423 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-57200106 | |
| 31-12-2019 | abbreviated format | 02-09-2020 | 2020-50400013 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-56400217 | |
| 31-12-2017 | abbreviated format | 18-02-2019 | 2019-05200459 | |
| 31-12-2016 | abbreviated format | 07-11-2017 | 2017-69400112 |
Board & ownership
Directors
Directors
1 director
LE THI HONG THEU
Current
Owners and capital
Owners
Network & group
PATH shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of PATH. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
13-08
abbreviated format · 13 days late
2025
25-09
abbreviated format · 56 days late
2024
28-08
abbreviated format · 28 days late
2023
29-08
abbreviated format · 29 days late
2022
19-12
Gazette deed
Registered office moved to Sint-NiklaasNew seat: Eigenlostraat 31 te 9100 Sint Niklaas2 points ▸
Gazette deed
Registered office moved to Sint-Niklaas
New seat: Eigenlostraat 31 te 9100 Sint Niklaas2 points ▸
- General meeting, 31-05-2022
- Registered-office move, Eigenlostraat 31 te 9100 Sint Niklaas
19-08
abbreviated format · 19 days late
2021
30-08
abbreviated format · 30 days late
2020
02-09
abbreviated format · 33 days late
2019
2017
07-11
abbreviated format · 99 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
PATH in Dutch
Enterprise number
0465.548.233
Legal form
Private limited company (pre-2019)
Status
Active, normale toestand
Founded
23-03-1999
Entity type
Legal entity
Registered office and establishments
Registered office
Eigenlostraat 31, 9100 Sint-Niklaas, Belgium
Establishment unit
PATH BVBA, Eigenlostraat 31, 9100 Sint-Niklaas since 23-06-1999 · unit number 2.091.396.214
Activities
NACEBEL 2025VAT activities
46494
Wholesale of non-electrical household articles main activity
47762
Retail sale of pets, pet food and pet supplies
Social security (RSZ) activities
46879
Wholesale trade main activity
Codes under NACEBEL 2008
VAT activities
46494
Wholesale of non-electrical household articles main activity
47762
Retail trade
Social security (RSZ) activities
46779
Wholesale trade main activity
Codes under NACEBEL 2003
51441
main activity
52496
Joint committees
100 Aanvullend Paritair Comité voor de werklieden
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2024
Invoicing and payment
VAT number
BE 0465.548.233
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
1,869 m²
Building footprint
121 m²
Building volume
616 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46442C1138/00A002 | Flanders | 1,869 m² | 1 · 121 m² | 7.8 m · 2 |