ThePickPath
Annual accounts 2025
abbreviated format, filed on 18-06-2026, 43 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €190,000 and €290,000.
Balance sheet
balance sheet total €85,487 on 31-12-2025in euro
in euro
Position in the sector
66.4%
Higher than 68% of 3,405 companies in 2025.
3.18
Higher than 70% of 3,266 companies in 2025.
21.9%
Higher than 76% of 3,314 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half · Staff: bottom quarter
Staff
€75,666
Staff costs divided by the average number of full-time equivalents.
-1 person
In 2025, nobody joined and 1 person left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
85,487 | 67,916 | 81,173 | 81,240 | 89,288 | 87,612 | 82,572 | 71,651 | 75,939 | 71,776 | |
21/28 |
10,243 | 15,433 | 21,197 | 6,347 | 8,075 | 10,877 | 7,032 | 13,392 | 20,247 | 27,101 | |
22/27 |
10,243 | 15,433 | 21,197 | 6,347 | 8,075 | 10,877 | 7,032 | 13,392 | 20,247 | 27,101 | |
24 |
488 | 1,342 | 2,771 | 2,223 | 1,889 | 2,628 | 7,032 | 13,392 | 20,247 | 27,101 | |
25 |
9,755 | 14,091 | 18,426 | 4,124 | 6,186 | - | - | - | - | - | |
29/58 |
75,244 | 52,483 | 59,976 | 74,893 | 81,213 | 76,735 | 75,540 | 58,259 | 55,692 | 44,675 | |
40/41 |
54,323 | 35,562 | 41,717 | 38,707 | 72,125 | 45,927 | 34,243 | 29,645 | 22,900 | 29,738 | |
40 |
31,145 | 22,990 | 32,646 | 35,034 | 69,205 | 40,607 | 34,243 | 29,645 | 22,869 | 29,738 | |
41 |
23,178 | 12,572 | 9,071 | 3,673 | 2,920 | 5,320 | - | - | 31 | - | |
54/58 |
20,921 | 16,921 | 18,259 | 36,186 | 9,088 | 30,808 | 41,297 | 28,614 | 32,792 | 14,937 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
85,487 | 67,916 | 81,173 | 81,240 | 89,288 | 87,612 | 82,572 | 71,651 | 75,939 | 71,776 | |
10/15 |
56,743 | 37,982 | 48,918 | 56,391 | 60,100 | 55,952 | 46,587 | 32,771 | 29,513 | 18,209 | |
10/11 |
1,100 | 1,100 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
10 |
- | - | - | 1,000 | 1,000 | - | - | - | - | - | |
100 |
- | - | - | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
13 |
4,302 | 4,302 | 4,402 | 4,402 | 4,402 | 4,402 | 4,402 | 4,402 | 4,302 | 4,302 | |
130/1 |
- | - | 100 | 4,402 | 4,402 | 4,402 | - | - | - | - | |
130 |
- | - | - | 4,402 | 4,402 | 4,402 | 4,402 | 4,402 | 4,302 | 4,302 | |
1311 |
- | - | 100 | - | - | - | - | - | - | - | |
133 |
4,302 | 4,302 | 4,302 | - | - | - | - | - | - | - | |
14 |
51,341 | 32,580 | 43,516 | 50,989 | 54,698 | 50,550 | 41,185 | 27,369 | 24,211 | 12,907 | |
17/49 |
28,744 | 29,934 | 32,255 | 24,849 | 29,188 | 31,660 | 35,985 | 38,880 | 46,426 | 53,567 | |
17 |
5,064 | 7,453 | 9,687 | - | 2,594 | 4,807 | 3,724 | 10,881 | 17,665 | 24,096 | |
170/4 |
5,064 | 7,453 | 9,687 | - | 2,594 | 4,807 | 3,724 | 10,881 | 17,665 | 24,096 | |
42/48 |
23,680 | 22,481 | 22,568 | 24,849 | 26,594 | 26,853 | 32,261 | 27,999 | 28,761 | 29,471 | |
42 |
2,593 | 2,234 | 2,089 | 2,432 | 3,028 | 7,172 | 7,787 | 6,784 | 6,431 | 5,242 | |
44 |
198 | 424 | 42 | 487 | 145 | 4,779 | 4,410 | 120 | 385 | 11,337 | |
440/4 |
198 | 424 | 42 | 487 | 145 | 4,779 | 4,410 | 120 | 385 | 11,337 | |
45 |
20,889 | 19,823 | 20,437 | 21,930 | 23,421 | 14,902 | 19,549 | 14,728 | 15,515 | 12,892 | |
450/3 |
14,686 | 8,933 | 10,213 | 12,724 | 14,536 | 6,137 | 11,705 | 5,917 | 6,703 | 9,021 | |
454/9 |
6,203 | 10,890 | 10,224 | 9,206 | 8,885 | 8,765 | 7,844 | 8,811 | 8,812 | 3,871 | |
47/48 |
- | - | - | - | - | - | 515 | 6,367 | 6,430 | - | |
| Income statement | |||||||||||
9900 |
98,113 | 77,097 | 87,022 | 71,902 | 81,954 | 85,805 | 89,348 | 74,827 | 65,556 | 55,915 | |
62 |
68,099 | 81,388 | 83,945 | 70,546 | 66,145 | 65,170 | 58,488 | 61,656 | 36,509 | 21,369 | |
630 |
5,190 | 5,764 | 4,461 | 2,802 | 2,802 | 8,764 | 7,020 | 6,855 | 6,854 | 6,855 | |
640/8 |
936 | 336 | 1,535 | 1,165 | 1,237 | 553 | 436 | 140 | 1,266 | 4,440 | |
66A |
- | - | 3,182 | - | - | - | - | - | - | - | |
9901 |
23,888 | -10,391 | -6,101 | -2,611 | 11,770 | 11,318 | 23,404 | 6,176 | 20,927 | 23,251 | |
75/76B |
1,393 | 695 | - | 178 | 196 | 99 | 36 | 109 | - | - | |
75 |
1,393 | 695 | - | 178 | 196 | 99 | 36 | 109 | - | - | |
65/66B |
687 | 778 | 1,001 | 238 | 522 | 262 | 884 | 1,347 | 2,383 | 162 | |
65 |
687 | 778 | 1,001 | 238 | 522 | 262 | 884 | 1,347 | 2,383 | 162 | |
9903 |
24,594 | -10,474 | -7,102 | -2,671 | 11,444 | 11,155 | 22,556 | 4,938 | 18,544 | 23,089 | |
67/77 |
5,832 | 462 | 371 | 1,038 | 7,296 | 1,790 | 4,740 | 1,680 | 7,240 | 5,880 | |
9904 |
18,762 | -10,936 | -7,473 | -3,709 | 4,148 | 9,365 | 17,816 | 3,258 | 11,304 | 17,209 | |
9905 |
18,762 | -10,936 | -7,473 | -3,709 | 4,148 | 9,365 | 17,816 | 3,258 | 11,304 | 17,209 | |
| Appropriation of the result | |||||||||||
9906 |
51,341 | 32,580 | 43,516 | 50,989 | 54,698 | 50,550 | 45,185 | 27,469 | 24,211 | 17,209 | |
14P |
32,579 | 43,516 | 50,989 | 54,698 | 50,550 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 100 | - | 4,302 | |
6920 |
- | - | - | - | - | - | - | 100 | - | 4,302 | |
694/7 |
- | - | - | - | - | - | 4,000 | - | - | - | |
694 |
- | - | - | - | - | - | 4,000 | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
0.9 | 1.4 | 1.4 | 1.4 | 1.3 | 1.3 | 1.2 | 1.1 | 0.5 | 0.6 | |
Hours worked1013 |
1,680 | 2,548 | 2,576 | 2,588 | 2,340 | 2,372 | 2,248 | 2,038 | 940 | 564 | |
| Document | |||||||||||
The notes to these accounts have 6 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 18-06-2026.
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 | 18-06-2026 | 2026-00178150 | |
| 31-12-2024 | full format | 27-06-2025 | 2025-00213343 | |
| 31-12-2023 | full format | 25-06-2024 | 2024-00167319 | |
| 31-12-2022 | full format | 29-06-2023 | 2023-00184525 | |
| 31-12-2021 | full format | 24-06-2022 | 2022-20157292 | |
| 31-12-2020 | full format | 15-06-2021 | 2021-20300015 | |
| 31-12-2019 | full format | 11-06-2020 | 2020-16300494 | |
| 31-12-2018 | full format | 20-06-2019 | 2019-20700265 | |
| 31-12-2017 | full format | 22-06-2018 | 2018-21900497 | |
| 31-12-2016 | full format | 31-07-2017 | 2017-39300030 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 29,078 | -4,627 | -1,640 | 191 | 14,572 | 20,082 | 30,424 | 13,031 | 27,781 | 30,106 | ||
| 23,952 | -5,172 | -3,012 | -907 | 6,950 | 18,129 | 24,836 | 10,113 | 18,158 | 24,064 | ||
| 0 | 0 | 23,435 | 1,074 | 0 | 12,609 | 660 | 0 | 0 | 33,956 | ||
| 4,000 | -1,338 | -17,927 | 27,098 | -21,720 | -10,489 | 12,683 | -4,178 | 17,855 | - | ||
| 51,564 | 30,002 | 37,408 | 50,044 | 54,619 | 49,882 | 43,279 | 30,260 | 26,931 | 15,204 | ||
| 66.4% | 55.9% | 60.3% | 69.4% | 67.3% | 63.9% | 56.4% | 45.7% | 38.9% | 25.4% | ||
| 3.18 | 2.33 | 2.66 | 3.01 | 3.05 | 2.86 | 2.34 | 2.08 | 1.94 | 1.52 | ||
| 0.51 | 0.79 | 0.66 | 0.44 | 0.49 | 0.57 | 0.77 | 1.19 | 1.57 | 2.94 | ||
| 33.1% | -28.8% | -15.3% | -6.6% | 6.9% | 16.7% | 38.2% | 9.9% | 38.3% | 94.5% | ||
| 21.9% | -16.1% | -9.2% | -4.6% | 4.6% | 10.7% | 21.6% | 4.5% | 14.9% | 24.0% | ||
| 42.33 | -5.95 | -1.64 | 0.80 | 27.92 | - | - | - | - | - |
EBIT margin: not included in this filing.
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
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 2 | 2 | 2 | 2 |
| part-time | 1 | 2 | 2 | 2 | 2 |
| in full-time equivalents | 0.5 | 1.3 | 1.3 | 1.3 | 1.3 |
| 0.9 | 1.4 | 1.4 | 1.4 | 1.3 | |
| On a permanent contract | 1 | 2 | 2 | 2 | 2 |
| Joined | 0 | 2 | 1 | - | - |
| Left | 1 | 2 | 1 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €23,435 | €1,074 | - |
| €5,190 | €5,764 | €4,461 | €2,802 | €2,802 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ThePickPath
The operating result for 2025 is a profit of €23,888, after a loss of €10,391 in 2024. It is the highest result since 2016.
Debt's share of the balance-sheet total falls from 44.1% to 33.6%. Equity is higher and debt is lower.