ACTIVE

PROPATH

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Financial year 2025 · closed on 31/12/2025
Net result
77,2 k €
-22.5% YoY
Gross margin
429,9 k €
+1.2% YoY
Equity
600,0 k €
+14.8% YoY
Workforce
4,1 ETP
0.0% YoY

What does PROPATH do?

PROPATH is a Private limited company incorporated in 1997. Its main activity is: Manufacture of other fabricated metal products n.e.c.. Its registered office is in Gavere. It employs on average 4,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0459.772.872
Incorporation
10/01/1997
Legal form
Private limited company
Registered office
Stationsstraat 215
9890 Gavere · FlandreSee on map
Contributed capital
18 592,01 €
Latest accounts
31/12/2025
Average workforce
4,1 ETP
Activities (NACE)
25999Manufacture of other fabricated metal products n.e.c.· main25999Manufacture of other fabricated metal products n.e.c.32500Manufacture of medical and dental instruments and supplies32500Manufacture of medical and dental instruments and supplies26600Manufacture of irradiation, electromedical and electrotherapeutic equipment26600Manufacture of irradiation, electromedical and electrotherapeutic equipment+2
Joint committees (3)
  • 111
  • 200
  • 209
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin429,9 k €424,9 k €426,5 k €245,3 k €331,3 k €367,3 k €382,6 k €376,3 k €353,2 k €379,5 k €128,3 k €29,4 k €19,6 k €49,4 k €49,8 k €3,2 k €5,8 k €12,9 k €13,0 k €-2,5 k €
EBITDA153,9 k €156,0 k €222,8 k €43,3 k €62,8 k €27,3 k €99,3 k €96,2 k €129,3 k €177,4 k €61,8 k €28,9 k €18,6 k €48,2 k €48,5 k €2,3 k €3,5 k €11,9 k €12,0 k €-3,3 k €
Operating result109,2 k €117,5 k €209,7 k €33,5 k €38,6 k €6,5 k €75,5 k €85,8 k €122,7 k €124,8 k €30,9 k €28,4 k €18,0 k €44,3 k €44,7 k €1,3 k €2,3 k €7,5 k €8,3 k €-6,5 k €
Net result77,2 k €99,6 k €129,0 k €19,3 k €14,2 k €977,6 €50,8 k €54,8 k €73,0 k €69,8 k €14,8 k €17,5 k €8,9 k €25,9 k €26,3 k €-3,0 k €-2,3 k €1,8 k €-52,5 k €-8,1 k €
Balance sheet
Equity600,0 k €522,8 k €423,2 k €294,1 k €274,9 k €260,7 k €259,7 k €258,9 k €254,0 k €181,1 k €111,3 k €96,5 k €79,0 k €70,2 k €44,3 k €18,0 k €21,0 k €23,3 k €21,5 k €74,0 k €
Total assets943,0 k €1,1 M €1,2 M €732,4 k €764,5 k €789,1 k €577,8 k €664,6 k €742,7 k €1,0 M €660,1 k €107,9 k €92,4 k €96,6 k €72,5 k €34,1 k €33,4 k €35,5 k €33,8 k €87,8 k €
Cash17,4 k €26,8 k €20,6 k €69,9 k €165,8 k €121,3 k €24,9 k €68,7 k €26,7 k €143,7 k €161,5 k €92,2 k €83,1 k €82,7 k €62,8 k €29,0 k €28,2 k €23,7 k €16,7 k €1,8 k €
Debts323,7 k €603,2 k €772,9 k €424,7 k €476,7 k €513,1 k €305,3 k €387,5 k €368,1 k €679,3 k €444,5 k €11,4 k €13,4 k €26,4 k €28,2 k €16,1 k €12,5 k €12,2 k €12,3 k €13,8 k €
Other
Workforce4,1 ETP4,1 ETP5,8 ETP5,0 ETP5,8 ETP5,6 ETP7,1 ETP6,4 ETP4,8 ETP4,0 ETP1,3 ETP–––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Lode Maes

Director · since 11 octobre 2023

Active

Ended mandates

Chantal De Wever

Director · since 30 septembre 2015 · until 11 octobre 2023

Ended
Chantal De Wever

Director · since 30 septembre 2015

Ended
Chantal De Wever

Manager · since 30 septembre 2015

Ended
DELMAC

Manager · since 30 septembre 2015 · 0823.356.685

Represented by Lode Maes

Ended
At this address

Other companies at this address

CompanyCBE no.
DELMAC● Active
0823.356.685
Lumarco● Active
0432.810.337
STUDIO C● Active
0450.710.203
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/06/202625/06/202506/07/202413/07/202305/08/202222/06/2021
General meeting19/06/202620/06/202521/06/202416/06/202317/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202623/06/2026DutchPDF
Abridged model31/12/202420/06/202525/06/2025DutchPDF
Abridged model31/12/202321/06/202406/07/2024DutchPDF
Abridged model31/12/202216/06/202313/07/2023DutchPDF
Abridged model31/12/202117/06/202205/08/2022DutchPDF
Abridged model31/12/202018/06/202122/06/2021DutchPDF
Abridged model31/12/201919/06/202023/07/2020DutchPDF
Abridged model31/12/201821/06/201910/07/2019DutchPDF
Abridged model31/12/201715/06/201813/07/2018DutchPDF
Abridged model31/12/201616/06/201720/07/2017DutchPDF
Abridged model31/12/201517/06/201625/08/2016DutchPDF
Abridged model31/12/201419/06/201531/08/2015DutchPDF
Abridged model31/12/201320/06/201428/08/2014DutchPDF
Abridged model31/12/201221/06/201302/08/2013DutchPDF
Abridged model31/12/201115/06/201231/08/2012DutchPDF
Abridged model31/12/201017/06/201131/08/2011DutchPDF
Abridged model31/12/200918/06/201030/08/2010DutchPDF
Abridged model31/12/200819/06/200924/07/2009DutchPDF
Abridged model31/12/200720/06/200815/09/2008DutchPDF
Abridged model31/12/200615/06/200718/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Lode Maes

Director · since 11 octobre 2023

Active

Ended mandates

Chantal De Wever

Director · since 30 septembre 2015 · until 11 octobre 2023

Ended
Chantal De Wever

Director · since 30 septembre 2015

Ended
Chantal De Wever

Manager · since 30 septembre 2015

Ended
DELMAC

Manager · since 30 septembre 2015 · 0823.356.685

Represented by Lode Maes

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/10/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Restructuring21/10/2015
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates19/10/2015
    BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring04/09/2015
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202577,2 k €↓
  2. 2024
    Annual accounts 202499,6 k €↓
  3. 2023
    Annual accounts 2023129,0 k €↑
  4. 2022
    Annual accounts 202219,3 k €↑
  5. 2021
    Annual accounts 202114,2 k €↑
  6. 2020
    Annual accounts 2020977,6 €↓
  7. 2019
    Annual accounts 201950,8 k €↓
  8. 2018
    Annual accounts 201854,8 k €↓
  9. 2017
    Annual accounts 201773,0 k €↑
  10. 2016
    Annual accounts 201669,8 k €↑
  11. 2015
    Annual accounts 201514,8 k €↓
  12. 2015
    Name changePROPATH
  13. 2014
    Annual accounts 201417,5 k €↑
  14. 2013
    Annual accounts 20138,9 k €↓
  15. 2012
    Annual accounts 201225,9 k €↓
  16. 2011
    Annual accounts 201126,3 k €↑
  17. 2010
    Annual accounts 2010-3,0 k €↓
  18. 2009
    Annual accounts 2009-2,3 k €↓
  19. 2008
    Annual accounts 20081,8 k €↑
  20. 2007
    Annual accounts 2007-52,5 k €↓
  21. 2006
    Annual accounts 2006-8,1 k €
  22. 2006
    Name changeERIC MOERMAN
  23. 10/01/1997
    IncorporationPrivate limited company