Equity
Equity fell by 45% in 5 years.
Equity fell by 45% in 5 years.
The 2016 accounts came 28 days late. The other nine of the last ten were filed on time.
Higher solvency than 95% of companies in financial services. Sector median 50.8% · 6,708 companies.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 60 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Path4Quality Rotselaar | €61,406 | €30,220 | 99.3% | - |
| ENDECO CONSULTING Beringen | €64,132 | €31,493 | 77.3% | - |
| THG GERMAN DESK Brussels | €60,370 | €26,979 | 59.8% | - |
| Vermap Ravels | €68,961 | €30,881 | 37.5% | - |
| SimplyConnect Schoten | €60,470 | €24,796 | 74.5% | - |
| Natural Blondes Antwerp | €58,855 | €28,377 | 69.1% | - |
| Make It So Sint-Katelijne-Waver | €73,064 | €28,724 | 2.7% | - |
These companies have the same main activity as Path4Quality: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €58,900 and €73,100, founded between 2012 and 2015.
Path4Quality files the abbreviated format. That format states no turnover. The gross margin fell from €56,331 in 2014 to €30,220 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Higher than 95% of 6,708 companies in 2025.
Higher than 93% of 6,673 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
61,406 | 40,572 | 43,524 | 54,043 | 55,733 | 111,037 | 87,379 | 88,679 | 179,219 | 121,478 | 116,879 | 62,744 | |
21/28 |
2,487 | 3,590 | 2,119 | 1,338 | 1,214 | 380 | 0 | 4,942 | 12,019 | 20,163 | 28,308 | 11,745 | |
22/27 |
2,487 | 3,590 | 2,119 | 1,338 | 1,214 | 380 | 0 | 4,942 | 12,019 | 20,163 | 28,308 | 11,745 | |
24 |
1,919 | 2,920 | 1,349 | 466 | 241 | 380 | 0 | 4,942 | 12,019 | 20,163 | 28,308 | 11,745 | |
26 |
568 | 669 | 771 | 872 | 973 | - | - | - | - | - | - | - | |
29/58 |
58,919 | 36,982 | 41,405 | 52,706 | 54,519 | 110,657 | 87,379 | 83,737 | 167,200 | 101,315 | 88,571 | 50,999 | |
40/41 |
25,505 | 12,631 | 13,695 | 10,632 | 9,946 | 11,979 | 19,221 | 20,043 | 952 | 16,115 | 2,687 | 9,467 | |
40 |
15,650 | 7,150 | 7,150 | 7,150 | 8,392 | 8,021 | 12,030 | 12,171 | - | 13,858 | 244 | 8,681 | |
41 |
9,855 | 5,481 | 6,545 | 3,482 | 1,554 | 3,957 | 7,191 | 7,873 | 952 | 2,257 | 2,444 | 787 | |
54/58 |
32,436 | 23,491 | 26,769 | 41,261 | 43,787 | 97,892 | 67,371 | 62,422 | 164,984 | 83,944 | 85,884 | 41,532 | |
490/1 |
977 | 860 | 942 | 812 | 786 | 786 | 786 | 1,272 | 1,264 | 1,256 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
61,406 | 40,572 | 43,524 | 54,043 | 55,733 | 111,037 | 87,379 | 88,679 | 179,219 | 121,478 | 116,879 | 62,744 | |
10/15 |
60,954 | 40,502 | 19,761 | 53,919 | 22,383 | 110,973 | 82,521 | 50,419 | 19,061 | 87,550 | 56,593 | 38,094 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
42,354 | 21,902 | 0 | 34,160 | 2,660 | 91,260 | 62,860 | 30,860 | 11,860 | 31,860 | 31,860 | 31,860 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
133 |
42,354 | 21,902 | 0 | 32,300 | 800 | 89,400 | 61,000 | 29,000 | 10,000 | 30,000 | 30,000 | 30,000 | |
14 |
- | 0 | 1,161 | 1,159 | 1,123 | 1,113 | 1,061 | 959 | 1,001 | 49,490 | 18,533 | 34 | |
17/49 |
452 | 70 | 23,763 | 125 | 33,351 | 64 | 4,858 | 38,260 | 160,158 | 33,928 | 60,287 | 24,650 | |
17 |
- | - | - | - | - | - | - | - | 5,764 | 11,404 | 16,923 | - | |
170/4 |
- | - | - | - | - | - | - | - | 5,764 | 11,404 | 16,923 | - | |
42/48 |
452 | 70 | 23,763 | 125 | 33,351 | 64 | 4,858 | 38,260 | 154,394 | 22,524 | 43,364 | 24,650 | |
42 |
- | - | - | - | - | 0 | 3,798 | 9,533 | 5,640 | 5,519 | 5,400 | - | |
44 |
452 | 70 | 103 | 125 | 351 | 64 | 426 | 495 | 186 | - | 1,215 | 215 | |
440/4 |
452 | 70 | 103 | 125 | 351 | 64 | 426 | 495 | 186 | - | 1,215 | 215 | |
45 |
- | - | - | - | - | - | 0 | 28,232 | 28,568 | 17,006 | 28,630 | 18,106 | |
450/3 |
- | - | - | - | - | - | 0 | 28,232 | 28,568 | 17,006 | 28,630 | 18,106 | |
47/48 |
- | 0 | 23,660 | 0 | 33,000 | 0 | 634 | - | 120,000 | - | 8,119 | 6,329 | |
| Income statement | |||||||||||||
9900 |
30,220 | 30,585 | 30,915 | 43,836 | 46,709 | 39,386 | 52,267 | 35,745 | 88,700 | 55,880 | 37,782 | 56,331 | |
630 |
1,103 | 868 | 388 | 310 | 177 | 37 | 4,942 | 7,077 | 8,145 | 8,145 | 8,145 | 5,354 | |
640/8 |
953 | 726 | 384 | 472 | 467 | 348 | 401 | 387 | 348 | 348 | 348 | 695 | |
9901 |
28,164 | 28,991 | 30,142 | 43,054 | 46,065 | 39,002 | 46,925 | 28,282 | 80,208 | 47,388 | 29,289 | 50,282 | |
75/76B |
132 | 43 | - | 0 | 4 | 0 | 0 | 44 | 74 | 116 | 133 | 3 | |
75 |
132 | 43 | - | 0 | 4 | 0 | 0 | 44 | 74 | 116 | 133 | 3 | |
65/66B |
440 | 542 | 505 | 427 | 472 | 552 | 482 | 422 | 449 | 527 | 160 | 490 | |
65 |
440 | 542 | 505 | 427 | 472 | 552 | 482 | 422 | 449 | 527 | 160 | 490 | |
9903 |
27,857 | 28,493 | 29,637 | 42,627 | 45,597 | 38,449 | 46,443 | 27,904 | 79,833 | 46,977 | 29,262 | 49,794 | |
67/77 |
7,404 | 7,752 | 7,835 | 11,091 | 11,787 | 9,997 | 14,341 | 8,946 | 28,323 | 16,019 | 10,763 | 17,901 | |
9904 |
20,452 | 20,740 | 21,803 | 31,536 | 33,810 | 28,452 | 32,102 | 18,958 | 51,511 | 30,958 | 18,499 | 31,894 | |
9905 |
20,452 | 20,740 | 21,803 | 31,536 | 33,810 | 28,452 | 32,102 | 18,958 | 51,511 | 30,958 | 18,499 | 31,894 | |
| Appropriation of the result | |||||||||||||
9906 |
20,452 | 21,902 | 22,961 | 32,659 | 34,923 | 29,513 | 33,061 | 19,959 | 101,001 | 49,490 | 18,533 | 31,894 | |
14P |
0 | 1,161 | 1,159 | 1,123 | 1,113 | - | - | - | - | - | - | - | |
791/2 |
- | 0 | 34,160 | 0 | 89,400 | - | - | - | 20,000 | - | - | - | |
691/2 |
20,452 | 21,902 | 0 | 31,500 | 800 | 28,400 | 32,000 | 19,000 | - | - | - | 31,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
20,452 | 21,902 | 0 | 31,500 | 800 | 28,400 | 32,000 | 19,000 | - | - | - | 30,000 | |
694/7 |
- | 0 | 55,960 | 0 | 122,400 | - | - | - | 120,000 | - | - | - | |
694 |
- | 0 | 55,960 | 0 | 122,400 | - | - | - | 120,000 | - | - | - | |
| Document | |||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 19-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-06-2026 | 2026-00184714 | |
| 31-12-2024 | abbreviated format | 30-04-2025 | 2025-00086665 | |
| 31-12-2023 | abbreviated format | 28-03-2024 | 2024-00059264 | |
| 31-12-2022 | abbreviated format | 29-06-2023 | 2023-00174370 | |
| 31-12-2021 | abbreviated format | 17-06-2022 | 2022-20073763 | |
| 31-12-2020 | abbreviated format | 04-06-2021 | 2021-17300149 | |
| 31-12-2019 | abbreviated format | 30-06-2020 | 2020-23800080 | |
| 31-12-2018 | abbreviated format | 28-06-2019 | 2019-25500199 | |
| 31-12-2017 | abbreviated format | 28-06-2018 | 2018-25100088 | |
| 31-12-2016 | abbreviated format | 28-08-2017 | 2017-53100178 | |
| 31-12-2015 | abbreviated format | 30-07-2016 | 2016-38900528 | |
| 31-12-2014 | abbreviated format | 30-06-2015 | 2015-25300200 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 2,339 | 1,170 | 434 | 1,011 | 417 | 0 | 0 | 0 | 0 | 24,708 | 16,016 | ||
| 8,945 | -3,278 | -14,492 | -2,526 | -54,104 | 30,521 | 4,949 | -102,562 | 81,040 | -1,940 | 44,352 | - | ||
| 99.3% | 99.8% | 45.4% | 99.8% | 40.2% | 99.9% | 94.4% | 56.9% | 10.6% | 72.1% | 48.4% | 60.7% | ||
| 33.6% | 51.2% | 110.3% | 58.5% | 151.1% | 25.6% | 38.9% | 37.6% | 270.2% | 35.4% | 32.7% | 83.7% | ||
| 33.3% | 51.1% | 50.1% | 58.4% | 60.7% | 25.6% | 36.7% | 21.4% | 28.7% | 25.5% | 15.8% | 50.8% |
A ratio outside any meaningful range has been withheld (balance sheet total €61,406, equity €60,954).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,339 | €1,170 | €434 | €1,011 |
| €1,103 | €868 | €388 | €310 | €177 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 3% lower than in 2024 and the lowest since 2014. It is the fourth fall in a row.
Debt's share of the balance-sheet total rises from 0.2% to 0.7%. Equity and debt are higher.
Path4Quality has no parent and no holdings in its annual accounts. Kris Vanhaecht is the only director. Path4Quality shares no director with another company.
| Dr. Skröllan TACK, Dermatologie
registered office since 21-12-2010 · founded in 2010 |
total assets €264,419 (2025) 0832.327.207 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Echostraat 12 registered office 3110 Rotselaar 7010001 Activities of head offices | 18-09-2013 | 2.222.473.106 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24094E0179/00C006 | 2,836 m² | 1 · 188 m² | 8.2 m · 2 |
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