POLYPATHOS
ActiveSummary
POLYPATHOS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32,883 and a net result of €1,903. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 33% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-14
Solvency59▼-10
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.71 against 0.67 in 2024; short-term debt: 20.7% and cash: 4.7% of total assets), but 65.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.3%
Return on assets
2%
Age of the figures
9 mo
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 22-04-2026, 100 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
100 d early
2024
28 d early
2023
36 d early
2022
7 d late
2021
16 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€32,883▲ 6.1%
2024 · €30,979
Total assets
€95,950▲ 35.8%
2024 · €70,660
Net result
€1,903▼ 79.4%
2024 · €9,221
Working capital
€14,088
2024 · -€8,919
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,818-€8,665▼ 11.7%€11,847▲ 36.7%€13,923▲ 17.5%€3,672▼ 73.6%
Net result€6,874within the sector's middle half-€5,426within the sector's middle half▼ 21.1%€7,958within the sector's middle half▲ 46.6%€9,221within the sector's middle half▲ 15.9%€1,903below the sector's middle half▼ 79.4%
Equity€8,374below the sector's middle half-€13,800below the sector's middle half▲ 64.8%€21,758below the sector's middle half▲ 57.7%€30,979within the sector's middle half▲ 42.4%€32,883within the sector's middle half▲ 6.1%
Total assets€11,751below the sector's middle half-€65,187below the sector's middle half▲ 455%€60,206below the sector's middle half▼ 7.6%€70,660below the sector's middle half▲ 17.4%€95,950within the sector's middle half▲ 35.8%
Debt€3,377-€51,387▲ 1,422%€38,448▼ 25.2%€39,680▲ 3.2%€34,379▼ 13.4%
Working capital€7,127--€10,032-€14,761▼ 47.1%-€8,919▲ 39.6%€14,088
Solvency71.3%within the sector's middle half-21.2%below the sector's middle half▼ 50.1pp36.1%within the sector's middle half▲ 15.0pp43.8%within the sector's middle half▲ 7.7pp34.3%within the sector's middle half▼ 9.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 74% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,950
Fixed assets
€61,988 ▲ 17.9%
Current assets
€33,962 ▲ 87.9%
Equity and liabilities €95,950
Equity
€32,883 ▲ 6.1%
Provisions
€28,688
Debt
€34,379 ▼ 13.4%
Debt's share of the balance-sheet total falls from 56.2% to 35.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,154▼
2024 · €15,739
Cash flow
€4,385▼
2024 · €11,037
Current ratio
1.71▲
2024 · 0.67
Debt to equity
1.05▼
2024 · 1.28
ROE
5.8%▼
2024 · 29.8%
ROA
2.0%▼
2024 · 13.1%
Interest coverage
11.88▼
2024 · 34.97
Debt ≤ 1 year
€19,874▼
2024 · €26,994
Debt > 1 year
€14,505▲
2024 · €12,686
Income taxes
€1,255▼
2024 · €4,252
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €217 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €226 | €581 | €1,642 | €1,815 | €2,482 | ▲ 36.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €28,688 | - |
| Other operating charges640/8 | €70 | €102 | €190 | €724 | €412 | ▼ 43.1% |
| Gross operating margin9900 | €10,114 | €9,349 | €13,679 | €16,463 | €35,254 | ▲ 114% |
| Operating profit (loss)9901 | €9,818 | €8,665 | €11,847 | €13,923 | €3,672 | ▼ 73.6% |
| Financial income75/76B | €77 | €32 | €133 | €0 | €4 | - |
| Recurring financial income75 | €77 | €32 | €133 | €0 | €4 | - |
| Financial charges65/66B | €234 | €287 | €273 | €450 | €518 | ▲ 15.1% |
| Recurring financial charges65 | €234 | €287 | €273 | €450 | €518 | ▲ 15.1% |
| Profit (loss) for the period before taxes9903 | €9,660 | €8,410 | €11,707 | €13,473 | €3,158 | ▼ 76.6% |
| Income taxes67/77 | €2,787 | €2,983 | €3,749 | €4,252 | €1,255 | ▼ 70.5% |
| Profit (loss) for the period9904 | €6,874 | €5,426 | €7,958 | €9,221 | €1,903 | ▼ 79.4% |
| Profit (loss) for the period to be appropriated9905 | €6,874 | €5,426 | €7,958 | €9,221 | €1,903 | ▼ 79.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,751 | €65,187 | €60,206 | €70,660 | €95,950 | ▲ 35.8% |
| Fixed assets21/28 | €1,247 | €51,723 | €53,657 | €52,584 | €61,988 | ▲ 17.9% |
| Tangible fixed assets22/27 | €1,247 | €1,723 | €3,657 | €2,584 | €11,988 | ▲ 364% |
| Furniture and vehicles24 | €1,247 | €1,723 | €3,657 | €2,584 | €11,988 | ▲ 364% |
| Financial fixed assets28 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Current assets29/58 | €10,504 | €13,465 | €6,550 | €18,076 | €33,962 | ▲ 87.9% |
| Amounts receivable within one year40/41 | €1,678 | €853 | €71 | €10,305 | €25,238 | ▲ 145% |
| Trade receivables40 | €583 | €853 | €0 | €10,034 | €19,427 | ▲ 93.6% |
| Other amounts receivable41 | €1,094 | €0 | €71 | €271 | €5,810 | ▲ 2,048% |
| Cash at bank and in hand54/58 | €8,826 | €12,612 | €6,478 | €4,862 | €4,478 | ▼ 7.9% |
| Deferred charges and accrued income490/1 | - | - | - | €2,909 | €4,246 | ▲ 46.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,751 | €65,187 | €60,206 | €70,660 | €95,950 | ▲ 35.8% |
| Equity10/15 | €8,374 | €13,800 | €21,758 | €30,979 | €32,883 | ▲ 6.1% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €6,874 | €12,300 | €20,258 | €29,479 | €31,383 | ▲ 6.5% |
| Distributable reserves133 | €6,874 | €12,300 | €20,258 | €29,479 | €31,383 | ▲ 6.5% |
| Provisions and deferred taxes16 | - | - | - | - | €28,688 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €28,688 | - |
| Other liabilities and charges164/5 | - | - | - | - | €28,688 | - |
| Amounts payable17/49 | €3,377 | €51,387 | €38,448 | €39,680 | €34,379 | ▼ 13.4% |
| Amounts payable after more than one year17 | - | €27,890 | €17,138 | €12,686 | €14,505 | ▲ 14.3% |
| Financial debts170/4 | - | €27,890 | €17,138 | €12,686 | €14,505 | ▲ 14.3% |
| Amounts payable within one year42/48 | €3,377 | €23,497 | €21,310 | €26,994 | €19,874 | ▼ 26.4% |
| Current portion of amounts payable after more than one year42 | - | €5,799 | €8,338 | €4,452 | €4,235 | ▼ 4.9% |
| Financial debts43 | - | - | - | €68 | €1,751 | ▲ 2,465% |
| Credit institutions430/8 | - | - | - | €68 | €1,751 | ▲ 2,465% |
| Trade debts44 | €228 | €0 | €445 | €4,595 | €4,178 | ▼ 9.1% |
| Suppliers440/4 | €228 | €0 | €445 | €4,595 | €4,178 | ▼ 9.1% |
| Taxes, remuneration and social security45 | €2,787 | €9,224 | €8,255 | €6,589 | €9,709 | ▲ 47.4% |
| Taxes450/3 | €2,787 | €9,224 | €8,255 | €6,589 | €9,709 | ▲ 47.4% |
| Other amounts payable47/48 | €362 | €8,474 | €4,273 | €11,291 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,874 | €5,426 | €7,958 | €9,221 | €1,903 | ▼ 79.4% |
| + Depreciation and write-downs630 | €226 | €581 | €1,642 | €1,815 | €2,482 | ▲ 36.7% |
| Operating cash flow (approximation) | €7,100 | €6,008 | €9,599 | €11,037 | €4,385 | ▼ 60.3% |
| Investment in fixed assets (approximation) | - | -€51,057 | -€3,576 | -€743 | -€11,886 | ▼ 1,500% |
| Change in cash | - | €3,786 | -€6,133 | -€1,616 | -€384 | ▲ 76.2% |
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
Next filing, fiscal year 2026, expected by
2026
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €1,903 ▼79.4%
Net result drops to €1,903, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 1.71
Current ratio from 0.67 to 1.71; short-term debt falls from €26,994 to €19,874.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €9,221 ▲15.9%
Operating result €13,923, net result €9,221, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Vilvoorde · 1 establishment unit since 2021
Ground area
405 m²
Building footprint
99 m²
Volume, LiDAR
577 m³
Parcel 23643G0266/00M011, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
POLYPATHOS
since 20212.311.439.130
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643G0266/00M011 | Flanders | 405 m² | 1 · 99 m² | 9.6 m · 2 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
2022 to 2025 · 2 entries · 1,161 EUR awarded · 561 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 600 EUR | 0 EUR |
| 2022 | 1 | 561 EUR | 561 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
98450063DNE64A450B41
Similar companies · same sector, comparable size
HAZLO 33
BE 1022.319.622
Holsbeek · Eq €32,882
JBz'ness
BE 0788.909.413
La Bruyère · Eq €32,880
ACHIEVING EFFICIENCY
BE 0746.422.819
Elsene · Eq €32,886
Project Control
BE 0751.572.826
Antwerpen · Eq €32,887
Joris Van Rymenant
BE 0722.895.270
Leuven · Eq €32,890
Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 35,148 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
Founded05-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
E-invoicing
Reachable via Peppol
Peppol ID
0208:0760827814
Also
9925:BE0760827814
Registered
02-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.