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PROPATH

Active Private limited companyfounded 1997active for 29 yearsStationsstraat 215, 9890 GavereKBO/BCE: BE 0459.772.872 subsidiary of DELMAC#10 oldest company in Gavere, Manufacturing sector
PROPATH
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 23-06-2026, 38 days before the deadline
€429,875
▲ 1.2%
€109,204
▼ 7.1%
€77,179
▼ 22.5%
€507,564
▲ 35.1%
63.6%
▲ 18.0 percentage points
2.57
▲ 0.95

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.0m. Estimated: probably between €610,000 and €1.7m.

In the rankings #10 oldest company in Gavere, Manufacturing sector

Balance sheet

balance sheet total €943,031 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

63.6%

Higher than 70% of 1,245 companies in 2025.

2.57

Higher than 67% of 1,226 companies in 2025.

8.2%

Higher than 64% of 1,244 companies in 2025.

PROPATH Middle half of the sector 80% of the sector Abbreviated accounts in fabricated metal products (NACE 25)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

€66,342

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2025, nobody joined and 1 person left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 943,0311.1m1.2m732,381764,538789,142577,781664,636742,7391.0m660,100107,86392,39596,56572,50034,14533,44935,51733,75887,752
21/28 111,803167,21777,24457,27654,43256,40657,02915,42316,92026,48436,4373,2353,7703,1056,0222,8356141,7814,30478,281
22/27 109,778148,98957,14137,17337,41239,38643,75915,27316,77026,33436,4373,2353,7703,1056,0222,8356141,7814,3046,391
23 20,94436,30441,29715,02915,32117,1615,1888,1264,298--3,2353,7703,1052,5202,835--3,0536,107
24 88,834112,68415,84322,14422,09222,22538,5717,14712,47226,33436,437---3,502-6141,7811,250285
28 2,02518,22820,10320,10317,02017,02013,270150150150---------71,889
29/58 831,228978,8581.1m675,104710,106732,736520,751649,213725,819973,710623,663104,62888,62593,46066,47831,31032,83533,73629,4559,471
3 322,339351,288319,437323,587247,589342,682315,854343,177349,055459,225290,169---------
30/36 322,339351,288319,437323,587247,589342,682315,854343,177349,055459,225290,169---------
40/41 286,611236,042549,989267,548282,669255,076173,402237,367350,058370,782172,00112,3965,56610,7933,6872,3504,59310,06512,8027,704
40 255,575168,371486,813239,887229,004237,478161,629217,123317,750311,337160,28812,3965,56610,7933,4491,4523,8309,5658,4601,755
41 31,03667,67163,17627,66153,66517,59811,77320,24432,30959,44511,714---2388987635004,3425,949
50/53 199,850349,336225,001-----------------
54/58 17,43526,75120,57069,932165,763121,27724,92968,66926,706143,703161,49392,23283,05982,66762,79128,95928,24323,67116,6531,767
490/1 4,99215,44214,11914,03714,08413,7016,567-------------
Balance sheet: equity and liabilities
10/49 943,0311.1m1.2m732,381764,538789,142577,781664,636742,7391.0m660,100107,86392,39596,56572,50034,14533,44935,51733,75887,752
10/15 599,997522,818423,172294,150274,855260,670259,693258,864254,042181,074111,31096,49579,04270,17144,26917,99820,96423,27921,45373,993
10/11 18,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,592
100 ------18,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,592
13 65,71365,71365,71365,71365,71365,71365,71365,71365,71365,71365,71365,71365,71365,71365,71365,71365,71365,71365,71365,713
130/1 ---1,8591,8591,859--------------
130 ------1,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,859
1311 ---1,8591,8591,859--------------
133 65,71365,71365,71363,85463,85463,85463,85463,85463,85463,85463,85463,85463,85463,85463,85463,85463,85463,85463,85463,854
14 515,692438,513338,867209,845190,550176,365175,388174,559169,73796,76927,00512,190-5,263-14,133-40,035-66,307-63,341-61,026-62,851-10,312
16 --------120,612139,779104,305---------
160/5 --------120,612139,779104,305---------
164/5 --------120,612139,779----------
17/49 343,034623,257783,187438,231489,683528,472318,088405,773368,085679,341444,48511,36813,35426,39328,23016,14712,48512,23912,30513,759
42/48 323,663603,171772,858424,690476,656513,142305,337387,527368,085679,341444,48511,36813,35426,39328,23016,14712,48512,23912,30513,759
44 202,979192,907445,75588,48884,773115,050183,054179,402338,853354,957127,3242,7034,9923,7905,0797,2557,9104,1342,5252,648
440/4 202,979192,907445,75588,48884,773115,050183,054179,402338,853354,957127,3242,7034,9923,7905,0797,2557,9104,1342,5252,648
46 -112,805---83,892--------------
45 23,06023,27128,76919,43024,149111,02022,14146,36120,84459,99314,1776,6037,61920,15615,6291,9592,8584,8501,307682
450/3 -23,271-1,4385,69445,324-2,4731,62442,8319,5366,6037,61920,15615,6291,9592,8584,8501,307682
454/9 23,060-28,76917,99218,45665,69522,14143,88819,22017,1624,641---------
47/48 97,624274,188298,334316,773367,733203,180100,142161,7648,389264,391302,9842,0617432,4487,5226,9331,7173,2548,47310,430
492/3 19,37120,08510,32913,54013,02715,33012,75118,246------------
Income statement
76A 2,8003,637------------------
9900 429,875424,898426,508245,324331,298367,318382,558376,323353,179379,522128,33329,38119,63949,36749,7713,1845,75212,90413,012-2,463
62 272,001255,787193,398197,807264,913335,217278,096271,714220,138193,28461,918---------
630 44,64838,54313,1799,80124,16020,84623,85010,46325,69222,27618,2185355353,9173,8179291,1684,3633,7503,196
631/4 ---------19,16730,32212,610---------
635/8 ---------5,153-1,535---------
640/8 4,02213,07910,2744,1853,6214,7755,1428,3823,7763,6896,1954721,0671,1371,3019332,2671,051992798
66A ------------------57,389-
9901 109,204117,489209,65833,53138,6046,47975,47085,764122,739124,79830,92628,37418,03844,31344,6541,3222,3187,4908,271-6,456
75/76B 4,09419,8793,8241549249195560302172898616814555626814713
75 4,09419,8793,8241549249195560302172898616814555626814713
65/66B 6,09354236,8493,87414,9373,6535794,0303,49712,3862,6592702444935293773691,2091,8241,688
65 6,09354236,8493,87414,9373,6535794,0303,49712,3862,6592702444935293773691,2091,8241,688
9903 107,205136,826176,63329,81123,7592,87575,08582,294119,544112,58428,35728,19017,96243,96544,1791,0062,0176,294-50,935-8,131
67/77 30,02637,18047,61110,5169,5741,89824,25627,47346,57642,82113,54210,7369,09218,06317,9083,9734,3314,4691,6052
9904 77,17999,646129,02219,29514,18597850,82954,82272,96869,76414,81517,4548,87025,90226,272-2,966-2,3151,825-52,540-8,133
9905 77,17999,646129,02219,29514,18597850,82954,82272,96869,76414,81517,4548,87025,90226,272-2,966-2,3151,825-52,540-8,133
Appropriation of the result
9906 515,692438,513338,867209,845190,550176,365225,388224,559169,73796,76927,00512,190-5,263-14,133-40,035-66,307-63,341-61,026-62,851-10,312
14P 438,513338,867209,845190,550176,365---------------
694/7 ------50,00050,000------------
694 ------50,00050,000------------
Social balance sheet
9087 4.14.15.855.85.67.16.44.841.3---------
Hours worked1013 6,9216,8245,4246,0178,3696,94310,82010,9288,1447,0381,622---------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 9 older financial years (1997-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 10 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 23-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 23-06-2026 2026-00206282 PDF
31-12-2024 abbreviated format 25-06-2025 2025-00174030 PDF
31-12-2023 abbreviated format 06-07-2024 2024-00216591 PDF
31-12-2022 abbreviated format 13-07-2023 2023-00231766 PDF
31-12-2021 abbreviated format 05-08-2022 2022-20276219 PDF
31-12-2020 abbreviated format 22-06-2021 2021-23000210 PDF
31-12-2019 abbreviated format 23-07-2020 2020-32900519 PDF
31-12-2018 abbreviated format 10-07-2019 2019-31700501 PDF
31-12-2017 abbreviated format 13-07-2018 2018-32600324 PDF
31-12-2016 abbreviated format 20-07-2017 2017-34100203 PDF
31-12-2015 abbreviated format 25-08-2016 2016-49800348 PDF
31-12-2014 abbreviated format 31-08-2015 2015-54200497 PDF
31-12-2013 abbreviated format 28-08-2014 2014-52700505 PDF
31-12-2012 abbreviated format 02-08-2013 2013-39200464 PDF
31-12-2011 abbreviated format 31-08-2012 2012-54400519 PDF
31-12-2010 abbreviated format 31-08-2011 2011-50600063 PDF
31-12-2009 abbreviated format 30-08-2010 2010-51600117 PDF
31-12-2008 abbreviated format 24-07-2009 2009-47100358 PDF
31-12-2007 abbreviated format 15-09-2008 2008-73700288 PDF
31-12-2006 abbreviated format 18-07-2007 2007-42500335 PDF
31-12-2005 abbreviated format 09-08-2006 2006-62404684 PDF
31-12-2004 abbreviated format 30-09-2005 2005-80404184 PDF
31-12-2003 abbreviated format 09-07-2004 2004-44404347 PDF
31-12-2002 abbreviated format 26-09-2003 2003-70300344 PDF
31-12-2001 abbreviated format 24-09-2002 2002-58703886 PDF
31-12-2000 abbreviated format 08-11-2001 2001-69102805 PDF
31-12-1999 abbreviated format 17-07-2000 2000-42801422 PDF
31-12-1998 abbreviated format 28-10-1999 1999-55703427 PDF
31-12-1997 abbreviated format 30-09-1998 1998-50302664 PDF

Subsidies and aid

Flemish government 2022 to 2025, 2 entries, €4,944 awarded, €3,780 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€4,944
Year Entries AwardedPaid
2025 1 €4,674€3,510
2022 1 €270€270

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
153,851156,032222,83643,33262,76527,32599,32096,227148,432147,07449,14528,90918,57348,23048,4702,2503,48611,85312,020-3,261
121,826138,189142,20029,09538,34521,82374,67965,28498,66192,04033,03317,9899,40529,81930,089-2,038-1,1476,189-48,790-4,937
5,438132,03933,14612,64522,18620,22265,4568,96616,12812,32454,65501,2001,0007,0043,15001,8411,662-
-9,3166,181-49,362-95,83144,48696,348-43,74041,963-116,998-17,78969,2619,17339319,87533,8327174,5727,01814,886-
507,564375,687356,257250,414233,450219,594215,414261,686357,734294,369179,17893,26075,27267,06638,24715,16320,35021,49717,150-4,288
63.6%45.6%35.1%40.2%36.0%33.0%44.9%38.9%34.2%18.1%16.9%89.5%85.5%72.7%61.1%52.7%62.7%65.5%63.5%84.3%
2.571.621.461.591.491.431.711.681.971.431.409.206.643.542.351.942.632.762.390.69
1.571.041.050.830.970.760.670.791.020.760.759.206.643.542.351.942.632.762.390.69
0.571.191.851.491.782.031.221.571.453.753.990.120.170.380.640.900.600.530.570.19
12.9%19.1%30.5%6.6%5.2%0.4%19.6%21.2%28.7%38.5%13.3%18.1%11.2%36.9%59.3%-16.5%-11.0%7.8%-244.9%-11.0%
8.2%8.7%10.7%2.6%1.9%0.1%8.8%8.2%9.8%7.0%2.2%16.2%9.6%26.8%36.2%-8.7%-6.9%5.1%-155.6%-9.3%
25.25over 1006.0511.194.20---------------

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.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date45555
full-time44555
part-time-1---
in full-time equivalents44.8555
4.14.15.855.8
On a permanent contract45344
Joined020-3
Left101-4

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€5,438€132,039€33,146€9,562€22,186
Financial fixed assets---€3,083-
€44,648€38,543€13,179€9,801€24,160

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on PROPATH

The operating result for 2025 is 7% lower than in 2024 and the lowest since 2022. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 54.4% to 36.4%. Equity is higher and debt is lower.

Next steps

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