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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
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Overview

Lifetime

20 annual accounts with figures on one time axis, 29 filings since 1997
peak €429,875 (2025)
€429,875▲ 1.2%
lowest -€52,540 (2007)
€77,179▼ 22.5%
peak €599,997 (2025)
€599,997▲ 14.8%
€343,034▼ 45.0%
peak 7.1 FTE (2019)
4.1 FTEunchanged
Board3 names since 2015
1 directorLode Lucien Maes
Owners
100%DELMAC
Documentsfilings and deeds
23-06-202638 days before the deadline
2025abbreviated format
Equity from €522,818 to €599,997Debts from €623,257 to €343,034Cash from €26,751 to €17,435

Key points

from the 2025 annual accounts

Equity

€599,997 ▲ 14.8%

PROPATH has made a profit without a break since 2011.

Staff

4.1 FTE from 7.1 in 2019

Between 2019 and 2025, 42% of the full-time equivalents disappeared.

Liquidity

2.57 was 1.62 in 2024

Short-term debts fell from €603,171 to €323,663.

Checked score

87
Excellent
Financially stronger than 55% of micro companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.5% 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.6%▲ +0.1 percentage points vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.3%▼ -0.3 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.3 percentage points vs 07-2026 09-2026: 0.8%▲ +0.2 percentage points vs 08-2026highest value 10-2026: 0.3%▼ -0.5 percentage points vs 09-2026lowest value 11-2026: 0.3%● unchanged vs 10-2026lowest value

Financial strength
Strong

89+18equity 63.6% of total assets
37+11short-term debt 34.3% · cash 1.8%
79-1return on assets 8.2%

Score breakdown

raises risk
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Liquidity: current ratio 2.57, cash €17,435
lowers risk
Founded in 1997
Equity €599,997 (63.6% of total assets)
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 25, micro). It does better than 68% of them on solvency, 24% on liquidity, 61% on profitability and 65% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 31,368 companies had the same profile as PROPATH has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of PROPATH itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for PROPATH. 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

Credit of up to €50,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.57 (1.62 in 2024), above the usual 1.5. Short-term debt is 34.3% and cash 1.8% of total assets. 36.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1997
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
lowers risk · Equity €599,997 (63.6% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.57, cash €17,435
NBB · annual accounts
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
38 days early
2024
36 days early
2023
25 days early
2022
18 days early
2021
5 days late
2020
39 days early
2019
8 days early
← 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 23 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% 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 7 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

LL
Lode Lucien Maes
Director, since 11-10-2023
  • DELMAC 100%equity €864,390 (2025) · 30-06-2025 annual accounts of DELMAC
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0459772872
1 director appointed, 2 resignations Resignations: Delmac and Chantal De Wever · Permanent representative: Lode Lucien Maes · Appointment: Lode Lucien Maes (director) · General meeting of 11-10-2023 · Gazette deed
First establishment Nieuwe Pontstraat 9, Ronse
Incorporation published on 24-01-1997 · Gazette deed
All 42 events

Comparable companies

same main activity, similar in size and age
Company
PROPATH Gavere €0.9m €429,875 63.6% 4.1
NEW TUBE Bernissart €0.8m €466,625 44.8% 5.5
WP international Roeselare €0.9m €423,573 81.0% 4.1
PEEVER INTERNATIONAL Ixelles €0.7m €293,569 75.5% 2.8
Geerts betonstaal Balen €1.1m €616,994 33.0% 2.8
NIEZEN Brugelette €1.3m €330,088 50.2% 3.8
SOETAERS CONSTRUCT Alken €1.7m €543,105 42.8% 5.2

These companies have the same main activity as PROPATH: manufacture of fabricated metal products, except machinery and equipment (NACE 25999). They are comparable in size and age: total assets between €723,000 and €1.7m, founded between 1989 and 2001.

Official details

Source: KBO
Status
Active since 10-01-1997Normal situation
Activity
Manufacture of fabricated metal products, except machinery and equipmentNACE 25999and 3 others
Joint committees
111Metal, mechanical and electrical engineering
209White-collar workers in metal manufacturing · annual accounts 2025
Establishment unit
2.080.316.8349600 Ronse, since 05-02-1997
Financial year end
31 December
Peppol
Reachable since 04-12-2025
Company details

Annual accounts 2025

€429,875▲ 1.2%
≈ €1.0mestimated
€77,179▼ 22.5%
€599,997▲ 14.8%
€943,031▼ 17.7%
Employeeson 31-12-2025
4▼ 20.0%
Filing
Filed on 23-06-2026, 38 days before the end of the filing period
Financials

Insights on PROPATH

PROPATH files the abbreviated format. That format states no turnover. The gross margin rose from -€2,463 in 2006 to €429,875 in 2025.

DELMAC holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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.

Board & ownership

Board

1 director, last change in 2023
Lode Lucien Maes
Director (not named in the articles)
since 11-10-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 23-06-2026

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
Lode Lucien Maes
Director (not named in the articles)
Chantal De Wever
Director
DELMAC
Director
BoardEarlier
Mandates as a list
  • Lode Lucien Maes
    • Director (not named in the articles), from 11-10-2023 to date
  • Chantal De Wever
    • Director, from 30-09-2015 to 27-10-2023
  • DELMAC
    • Director, from 30-09-2015 to 27-10-2023

See the board, name and registered office on a given date →

Control

Parent
DELMAC
Equity €864,390
Profit €179,260 in 2025 (profit €156,534 in 2024)
Source: accounts DELMAC 30-06-2025
100%
This company
PROPATH
Equity €599,997
Profit €77,179 in 2025

Capital

Contribution
€18,592.01
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
DELMAC
99.73%100%
100%
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 27-10-2023 (in Dutch)
Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
750 shares
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 10:00

Network & group

Group

DELMAC has 1 direct subsidiary (accounts to 30-06-2025), the bar shows equity in euros
ParentDELMAC1 holding, 1 country accounts to 30-06-2025

Belgium 1 Equity Result

  • BE PROPATH €599,997 result €77,179

Source: list of holdings in the 30-06-2025 accounts of DELMAC. Every holding stands with its own latest accounts.

Connections & network

1 current director
Depth

The network lets you explore the ties of PROPATH.

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

Timeline

42 events since 1997

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 38 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0459772872
Annual accounts 2024 filed PDFabbreviated format · 36 days before the deadline
2024
Equity above €500,000 equity €522,818 ▲23.5% After 14 profitable years in a row, equity reaches €522,818.
Annual accounts 2023 filed PDFabbreviated format · 25 days before the deadline
2023
Highest result from 2006 to 2025 net €129,022 ▲569% The operating result of €209,658 and the net result of €129,022 are both a record.
1 director appointed, 2 resignationsResignations: Delmac and Chantal De Wever · Permanent representative: Lode Lucien Maes · Appointment: Lode Lucien Maes (director) · General meeting of 11-10-20236 points ▸
  • General meeting, 11-10-2023
  • Director resignation, Delmac
  • Director resignation, Chantal De Wever
  • Permanent representative, Lode Lucien Maes
  • Director appointment, Lode Lucien Maes (director (not named in the articles))
  • Registered office clause, Stationsstraat 215, 9890 Gavere
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 18 days before the deadline
2022
Annual accounts 2021 filed PDFabbreviated format · 5 days late
2021
Annual accounts 2020 filed PDFabbreviated format · 39 days before the deadline
2020
Annual accounts 2019 filed PDFabbreviated format · 8 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 21 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 18 days before the deadline
2017
Equity above €200,000 equity €254,042 ▲40.3% After 7 profitable years in a row, equity reaches €254,042.
Annual accounts 2016 filed PDFabbreviated format · 11 days before the deadline
2016
Equity above €150,000 equity €181,074 ▲62.7% After 6 profitable years in a row, equity reaches €181,074.
Annual accounts 2015 filed PDFabbreviated format · 25 days late
2015
Equity above €100,000 equity €111,310 ▲15.4% After 5 profitable years in a row, equity reaches €111,310.
Annual accounts 2014 filed PDFabbreviated format · 31 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 28 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 2 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 31 days late
2011
Back to profit net €26,272 The net result is €26,272, after 2 loss-making years.
Annual accounts 2010 filed PDFabbreviated format · 31 days late
2010
Annual accounts 2009 filed PDFabbreviated format · 30 days late
2009
Annual accounts 2008 filed PDFabbreviated format · 7 days before the deadline
2008
Back to profit net €1,825 The net result is €1,825, after 2 loss-making years.
Annual accounts 2007 filed PDFabbreviated format · 46 days late
2007
Weakest financial year net -€52,540 The net result drops to -€52,540, the lowest from 2006 to 2025. It recovers the following year.
Liquidity more than triples current ratio 2.39 The current ratio rises from 0.69 to 2.39. Short-term debt falls from €13,759 to €12,305.
Annual accounts 2006 filed PDFabbreviated format · 13 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
First establishment Nieuwe Pontstraat 9, Ronse
Incorporation published on 24-01-1997

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

PROPATH was incorporated on 10 January 1997.1 Total assets rose from €664,636 in 2018 to €943,031 in 2025 and headcount from 6.4 to 4.1 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0459.772.872
VAT number
BE 0459.772.872
Peppol ID
0208:0459772872
Other Peppol ID
9925:BE0459772872
Legal form
Private limited company
Status
Active, normal situation
Founded
10-01-1997
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 10:00
deed of 27-10-2023 (in Dutch)
Peppol
Reachable since 04-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
PROPATH in Dutch
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 27-10-2023 (in Dutch)

Activities

NACEBEL 2025
VAT activities
25999 Manufacture of fabricated metal products, except machinery and equipment main activity
26600 Manufacture of computer, electronic and optical products
46460 Wholesale of pharmaceutical and medical goods
Social security (RSZ) activities
32500 Manufacture of medical and dental instruments and supplies main activity
Joint committees annual accounts 2025
JC 111 Metal, mechanical and electrical engineering
JC 209 White-collar workers in metal manufacturing
Codes under NACEBEL 2008
VAT activities
25999 Manufacture of fabricated metal products, except machinery and equipment main activity
26600 Manufacture of computer, electronic and optical products
46460 Wholesale trade
Social security (RSZ) activities
32500 Manufacture of medical and dental instruments and supplies main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het ter beschikking stellen van consult,expertise,advies,onderhoud,service en goederen in verschillende deeldomeinen van de…”
16 activities
  1. Het ter beschikking stellen van consult,expertise,advies,onderhoud,service en goederen in verschillende deeldomeinen van de gezondheid,medische,paramedische en farmaceutische sector.Meer in het bijzonder in het domein van de pathologie,mortuaria,endoscopie,klinische biologie,diergeneeskunde,ziekenhuishygiëne,sterilisatie en ziekenhuisapotheek.De opsomming is aanwijzend doch niet beperkend
  2. Het verwerken van RVS,plaatstaal en andere hoogwaardige materialen voor diverse toepassingen
  3. Koeltechnische oplossingen voor diverse toepassingen hierboven beschreven
  4. Het onderzoek,de ontwikkeling,de vervaardiging en/of commercialisering van (nieuwe) producten,vormen van technologie en hun toepassingen,zowel in de food als non-food sector
  5. Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van concepten,octrooien,knowhow en aanverwante immateriële duurzame activa
  6. De aankoop en verkoop,in- en uitvoer,groot- en kleinhandel,commissiehandel en vertegenwoordiging van om het even welke goederen,maar vooral in het kader van de hierboven vermelde domeinen;in het kort tussenpersoon in de handel dit zowel voor eigen rekening als op agentbasis
  7. Het huren en verhuren en het ter beschikking stellen in gelijk welke vorm van materialen en installaties aan particulieren,ondernemingen en verenigingen
  8. De organisatie van en deelname aan manifestaties,tentoonstellingen,evenementen,teambuilding activiteiten en beurzen allerhande
  9. Alle facetten van koop en verkoop,huur,leasing,verbouwing,restauratie,afbraak verrichten en alle handelingen die noodzakelijk zijn tot het optimaliseren van het onroerend patrimonium in bezit,in huur of in leasing
  10. Alle roerende en onroerende goederen als investering verwerven,zelfs als deze noch rechtstreeks,noch onrechtstreeks haar onderneming uitbreiden of bevorderen
  11. Alle industriële,handels-,financiële,roerende en onroerende verrichtingen verwezenlijken die rechtstreeks of onrechtstreeks verband houden met het doel van de vennootschap,in België of in het buitenland
  12. Op welke wijze ook,belangen nemen in alle verenigingen,zaken,ondernemingen of vennootschappen die eenzelfde,gelijkaardig of verwant doel nastreven of die haar onderneming kunnen bevorderen of de afzet van haar producten of diensten kunnen vergemakkelijken,en ermee samenwerken en fusioneren
  13. Alle handelingen verrichten,die in rechtstreeks of onrechtstreeks verband staan met haar doel,of die van aard zijn de verwezenlijking ervan te bevorderen
  14. Zich borg stellen voor derden,zaakvoerders en vennoten,roerende goederen verpanden,alle onroerende goederen met hypotheek bezwaren
  15. Leningen,voorschotten en kredieten toestaan,behoudens de wettelijke beperkingen ter zake
  16. Participaties nemen in alle soorten van bedrijven
deed of 27-10-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Stationsstraat 215 registered office 9890 Gavere
Nieuwe Pontstraat 9 9600 Ronse 05-02-1997 2.080.316.834

Buildings and parcels at the addresses

Ground area
2,743 m²
Buildings
799 m²
Volume, LiDAR
4,246 m³
Tallest building
6.4 m
Buildings to scale, each on its own parcel
799 m², 6.4 m 799 m², 6.4 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
45422D1028/00E0002,743 m² 1 · 799 m² 6.4 m · 2

Contact

E-mail info@propath.be

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