Equity
-€28,089
Debts exceed assets in financial year 2025.
PATHCO
Lifetime
13 annual accounts with figures on one time axispeak €73,608 (2025)
€73,608▲ 222%
lowest -€37,013 (2023)
€30,059▲ €51,777
peak €26,568 (2015)
-€28,089▲ €30,059
€178,046▼ 25.8%
Board2 names since 2012
2 directors and 1 other
Documentsfilings and deeds
27-05-202627 days late
2025micro format
Gross margin from €22,886 to €73,608Back to profit: €30,059Equity from -€58,147 to -€28,089Debts from €239,908 to €178,046Cash from €19,380 to €10,942
Key points
from the 2025 annual accountsResult
€30,059 €30,059
Back in profit in 2025, after a loss of €21,719 in 2024.
Debts
€178,046 119% of the balance sheet
Financial debts 84%Suppliers 0%Taxes and wages 4%Other 12%
Of this, €27,771 falls due within a year.
Liquidity
1.01 was 0.58 in 2024
Short-term debts fell from €46,956 to €27,771.
Filings
13 annual accounts since 2013
Eight of the last ten came late. The 2025 accounts came latest: 27 days after the end of the period.
Position in the sector
-€28,089
Less equity than 93% of companies in other professional activities. Sector median €40,853 · 4,569 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,633 companies had the same profile as PATHCO has now. Each dot stands for 10 companies, two years later.
91.8%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,633 companies, not a prediction for PATHCO. 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.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0846353605
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
“Alle activiteiten als fotograaf; Het maken van foto’s voor bedrijven en particulieren zoals onder meer…” (deed in Dutch) · General meeting of 29-12-2023 · Gazette deed
First establishment
Photography, Heerweg 79, Beersel
Incorporation
published on 14-06-2012 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PATHCO Beersel | €149,957 | €73,608 | -18.7% | - |
| PHOTO RAYP BILANDE Philippeville | €135,504 | €65,127 | 45.1% | - |
| HIGHNOVE Lasne | €148,818 | €90,093 | 2.0% | - |
| WEB-IT SUPPORT AND CONSULTING Tremelo | €145,607 | €73,137 | 67.0% | - |
| ZEB DAEMEN PHOTOGRAPHY Antwerp | €141,720 | €50,921 | 60.5% | - |
| Work Hard Play Hard Rumst | €192,103 | €62,889 | 55.5% | - |
| PRYZM Anderlecht | €172,344 | €108,126 | 53.0% | - |
These companies have the same main activity as PATHCO: photography, excluding press photography (NACE 74201). They are comparable in size and age: total assets between €136,000 and €192,000, founded between 2006 and 2014.
Official details
Source: KBO- Status
- Active since 05-06-2012Normal situation
- Activity
- Photography, excluding press photographyNACE 74201and 1 other
- Establishment unit
- 2.210.189.5401650 Beersel, since 19-06-2012
- Financial year end
- 30 September
- Peppol
- Reachable since 10-12-2025
Annual accounts to 30-09-2025
- ≈ €220,000estimated
- €149,957▼ 17.5%
- Filing
- Filed on 27-05-2026
Insights on PATHCO
PATHCO files the micro format. That format states no turnover. The gross margin rose from €73,542 in 2013 to €73,608 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PATHCO
- What is the company number of PATHCO?
- The company number of PATHCO is 0846.353.605. The VAT number is the same number with BE in front: BE 0846.353.605.
- Where is PATHCO based?
- The registered office is at Heerweg 79, 1650 Beersel.Company details
- What does PATHCO do?
- According to the KBO register, the main activity is photography, excluding press photography (NACE 74201).
- What is the legal form of PATHCO?
- PATHCO is a private limited company (BV).
- When was PATHCO founded?
- PATHCO was founded on 05-06-2012.
- Is PATHCO still active?
- Yes, PATHCO is an active enterprise in the KBO register.
- What is the turnover of PATHCO?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €73,608 and 2,662 comparable companies of the same size. It probably lies between €150,000 and €380,000. It is a rough estimate.Financials
- Is PATHCO profitable?
- In financial year 2025, PATHCO made a profit of €30,059.
- Where can I find the annual accounts of PATHCO?
- PATHCO filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PATHCO due?
- PATHCO must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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