Turnover
≈ €230,000 estimated
The accounts state no turnover.
ThePickPath
Lifetime
10 annual accounts with figures on one time axispeak €98,113 (2025)
€98,113▲ 27.3%
lowest -€10,936 (2024)
€18,762▲ €29,698
peak €60,100 (2021)
€56,743▲ 49.4%
€28,744▼ 4.0%
peak 1.4 FTE (2022)
0.9 FTE▼ 35.7%
Board1 name since 2024
1 directorEtienne PILLIEZ
Documentsfilings and deeds
18-06-202643 days before the deadline
2025abbreviated format
Gross margin from €77,097 to €98,113Back to profit: €18,762Staff from 1.4 FTE to 0.9 FTEEquity from €37,982 to €56,743
Key points
from the 2025 annual accountsChecked score
95
Excellent
Financially stronger than 63% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.2%▲ +0.1 percentage points vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026highest value
06-2026: 0.2%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.2 percentage points vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: 0.9 FTE, total assets €85,487
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 3.18, cash €20,921
Equity €56,743 (66.4% 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 62, micro). It does better than 59% of them on solvency, 53% on liquidity, 61% on profitability and 79% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 34,693 companies had the same profile as ThePickPath has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of ThePickPath itself: < 0.1% 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.
| 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 34,693 companies, not a prediction for ThePickPath. 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 €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.18 (2.33 in 2024), above the usual 1.5. Short-term debt is 27.7% and cash 24.5% of total assets. 33.6% 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
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €56,743
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
34 days early
2023
36 days early
2022
32 days early
2021
37 days early
2020
46 days early
2019
50 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 40 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 26 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0651811294
Resignation: Etienne PILLIEZ (manager)
Reappointment: Etienne PILLIEZ (director) · General meeting of 26-12-2023 · Gazette deed
Incorporation
published on 14-04-2016 · Gazette deed
First establishment
Place Arthur Maquet 2, Braives
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ThePickPath Braives | €85,487 | €98,113 | 66.4% | 0.9 |
| INITIUM DIGITAL Hasselt | €108,828 | €87,695 | 69.1% | 0.8 |
| Mobile Inception Genappe | €107,658 | €72,493 | 67.7% | 1 |
| EASYGO Auderghem | €134,213 | €86,045 | 75.3% | 1.1 |
| THE CRAFT Kortrijk | €132,055 | €62,988 | 89.0% | 0.8 |
| Digitale Woonassistent Zoersel | €51,058 | €70,058 | -701.6% | 1 |
| Jeanny Consulting Kontich | €118,263 | €61,548 | 27.0% | 1 |
These companies have the same main activity as ThePickPath: computer programming (NACE 62100). They are comparable in size and age: total assets between €51,100 and €134,000, founded between 2012 and 2019.
Official details
Source: KBO- Status
- Active since 12-04-2016Normal situation
- Activity
- Computer programmingNACE 62100and 6 others
- Establishment unit
- 2.252.684.8444263 Braives, since 12-04-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Annual accounts 2025
- €85,487▲ 25.9%
- Employeeson 31-12-2025
- 1▼ 50.0%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on ThePickPath
ThePickPath files the abbreviated format. That format states no turnover. The gross margin rose from €55,915 in 2016 to €98,113 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 ThePickPath
- What is the company number of ThePickPath?
- The company number of ThePickPath is 0651.811.294. The VAT number is the same number with BE in front: BE 0651.811.294.
- Where is ThePickPath based?
- The registered office is at Place Arthur Maquet 2, 4263 Braives.Company details
- What does ThePickPath do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of ThePickPath?
- ThePickPath is a private limited company (BV).
- When was ThePickPath founded?
- ThePickPath was founded on 12-04-2016.
- Is ThePickPath still active?
- Yes, ThePickPath is an active enterprise in the KBO register.
- How many employees does ThePickPath have?
- ThePickPath had an average of 0.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ThePickPath?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €98,113 and 41 comparable companies (NACE 62100). It probably lies between €190,000 and €290,000.
- Is ThePickPath profitable?
- In financial year 2025, ThePickPath made a profit of €18,762.
- Where can I find the annual accounts of ThePickPath?
- ThePickPath filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ThePickPath due?
- ThePickPath must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.