ACTIVE

PATH - SYSTEMS

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Financial year 2025 · closed on 30/06/2025

Net result

34,6 k €

+27.4% YoY

Gross margin

54,5 k €

+30.4% YoY

Equity

103,9 k €

-6.6% YoY

What does PATH - SYSTEMS do?

PATH - SYSTEMS is a Private company with limited liability incorporated in 1999. Its main activity is: Computer programming activities. Its registered office is in Putte.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.750.844

Incorporation

01/04/1999

Legal form

Private company with limited liability

Registered office

Grensstraat 17
2580 Putte · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities 47400Retail sale of information and communication equipment in specialised stores 47410Retail sale of computers, peripheral units and software in specialised stores 52487Warehousing and support activities for transportation

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	54,5 k €	+30.4%	41,8 k €	-8.6%	45,7 k €	-5.2%	48,2 k €	+7.2%	45 k €	-4.3%	47 k €	+9.3%	43 k €	+74.8%	24,6 k €	+6.4%	23,1 k €	+2.9%	22,5 k €	-14.6%	26,3 k €	+13.9%	23,1 k €	-21.2%	29,3 k €	+18.7%	24,7 k €	+143%	10,2 k €	-62.5%	27,1 k €	-33.8%	40,9 k €	-8.0%	44,5 k €	+30.4%	34,1 k €
EBITDA	54,1 k €	+34.0%	40,4 k €	-9.5%	44,6 k €	-7.3%	48,1 k €	+8.3%	44,4 k €	-4.0%	46,3 k €	+11.8%	41,4 k €	+71.9%	24,1 k €	+6.1%	22,7 k €	+3.7%	21,9 k €	-15.5%	25,9 k €	+14.6%	22,6 k €	-21.6%	28,8 k €	+20.6%	23,9 k €	+178%	8,6 k €	-67.9%	26,8 k €	-34.0%	40,6 k €	-8.1%	44,2 k €	+30.8%	33,8 k €
Operating result	48,3 k €	+39.4%	34,6 k €	-12.1%	39,4 k €	-16.8%	47,3 k €	+7.4%	44,1 k €	+12.8%	39,1 k €	+14.3%	34,2 k €	+46.9%	23,3 k €	+4.0%	22,3 k €	+3.8%	21,5 k €	+37.1%	15,7 k €	+26.6%	12,4 k €	-33.3%	18,6 k €	+44.2%	12,9 k €	+650%	-2,3 k €	-111%	20,7 k €	-40.0%	34,5 k €	-10.0%	38,3 k €	+37.4%	27,9 k €
Net result	34,6 k €	+27.4%	27,1 k €	-7.2%	29,2 k €	-15.1%	34,4 k €	-2.0%	35,1 k €	+16.6%	30,1 k €	+13.3%	26,6 k €	+73.9%	15,3 k €	+14.4%	13,4 k €	-16.8%	16,1 k €	+49.3%	10,8 k €	+20.0%	9 k €	-38.4%	14,6 k €	+42.7%	10,2 k €	+95.8%	5,2 k €	-71.5%	18,3 k €	-35.7%	28,4 k €	-6.4%	30,4 k €	+40.6%	21,6 k €
Balance sheet
Equity	103,9 k €	-6.6%	111,3 k €	+11.9%	99,4 k €	+19.0%	83,6 k €	+70.1%	49,1 k €	0.0%	49,1 k €	0.0%	49,1 k €	-1.7%	50 k €	+44.1%	34,7 k €	-38.4%	56,3 k €	+40.0%	40,2 k €	+36.6%	29,5 k €	-65.5%	85,5 k €	+20.5%	70,9 k €	+16.8%	60,7 k €	-64.9%	173,1 k €	+11.8%	154,9 k €	+22.5%	126,4 k €	+31.6%	96 k €
Total assets	111,3 k €	-14.3%	129,8 k €	+12.6%	115,2 k €	+15.5%	99,7 k €	+7.4%	92,9 k €	+2.6%	90,5 k €	+9.6%	82,6 k €	+33.1%	62 k €	+1.1%	61,3 k €	-5.8%	65,1 k €	+36.3%	47,8 k €	-62.4%	127,2 k €	+7.1%	118,8 k €	-6.2%	126,6 k €	-6.6%	135,5 k €	-22.8%	175,5 k €	+9.4%	160,4 k €	+23.6%	129,8 k €	+26.1%	102,9 k €
Cash	67,9 k €	-10.7%	76 k €	+22.4%	62,1 k €	-8.7%	68 k €	+7.4%	63,3 k €	+28.5%	49,3 k €	+30.0%	37,9 k €	-23.5%	49,6 k €	+3.7%	47,8 k €	-7.6%	51,7 k €	+52.7%	33,9 k €	-67.8%	105,3 k €	+368%	22,5 k €	+9.0%	20,6 k €	+15.2%	17,9 k €	-82.2%	100,6 k €	-29.6%	142,9 k €	+25.0%	114,4 k €	+57.7%	72,5 k €
Debts	7,4 k €	-60.3%	18,5 k €	+17.3%	15,8 k €	-2.2%	16,2 k €	-63.0%	43,7 k €	+5.7%	41,4 k €	+23.6%	33,5 k €	+209%	10,8 k €	-59.4%	26,6 k €	+202%	8,8 k €	+16.5%	7,6 k €	-92.3%	97,7 k €	+194%	33,3 k €	-40.3%	55,7 k €	-25.5%	74,8 k €	+3025%	2,4 k €	-56.9%	5,6 k €	+63.8%	3,4 k €	-50.8%	6,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 2 ended

Active mandates

TOM GHISLAINE VAN SOOM

Director · since 29 mars 1999

Active

Ended mandates

TOM GHISLAINE VAN SOOM

Manager · since 29 mars 1999

Ended

Tom VAN SOOM

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/01/2026	31/01/2025	26/01/2024	23/01/2023	28/01/2022	29/01/2021
General meeting	31/12/2025	31/12/2024	29/12/2023	30/12/2022	31/12/2021	01/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	31/12/2025	31/01/2026	Dutch	PDF
Micro model	30/06/2024	31/12/2024	31/01/2025	Dutch	PDF
Micro model	30/06/2023	29/12/2023	26/01/2024	Dutch	PDF
Micro model	30/06/2022	30/12/2022	23/01/2023	Dutch	PDF
Micro model	30/06/2021	31/12/2021	28/01/2022	Dutch	PDF
Micro model	30/06/2020	01/12/2020	29/01/2021	Dutch	PDF
Micro model	30/06/2019	03/12/2019	31/01/2020	Dutch	PDF
Micro model	30/06/2018	04/12/2018	31/01/2019	Dutch	PDF
Micro model	30/06/2017	05/12/2017	15/01/2018	Dutch	PDF
Abridged model	30/06/2016	06/12/2016	16/01/2017	Dutch	PDF
Abridged model	30/06/2015	01/12/2015	25/01/2016	Dutch	PDF
Abridged model	30/06/2014	02/12/2014	21/01/2015	Dutch	PDF
Abridged model	30/06/2013	03/12/2013	19/02/2014	Dutch	PDF
Abridged model	30/06/2012	04/12/2012	15/02/2013	Dutch	PDF
Abridged model	30/06/2011	06/12/2011	19/02/2012	Dutch	PDF
Abridged model	30/06/2010	29/12/2010	25/02/2011	Dutch	PDF
Abridged model	30/06/2009	28/12/2009	23/02/2010	Dutch	PDF
Abridged model	30/06/2008	28/12/2008	22/01/2009	Dutch	PDF
Abridged model	30/06/2007	28/12/2007	21/02/2008	Dutch	PDF
Abridged model	30/06/2006	29/12/2006	31/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/06/2025 · 1 active · 2 ended

Active mandates

TOM GHISLAINE VAN SOOM

Director · since 29 mars 1999

Active

Ended mandates

TOM GHISLAINE VAN SOOM

Manager · since 29 mars 1999

Ended

Tom VAN SOOM

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202534,6 k €↑
2024
Annual accounts 202427,1 k €↓
2023
Annual accounts 202329,2 k €↓
2022
Annual accounts 202234,4 k €↓
2021
Annual accounts 202135,1 k €↑
2020
Annual accounts 202030,1 k €↑
2019
Annual accounts 201926,6 k €↑
2018
Annual accounts 201815,3 k €↑
2017
Annual accounts 201713,4 k €↓
2016
Annual accounts 201616,1 k €↑
2015
Annual accounts 201510,8 k €↑
2014
Annual accounts 20149 k €↓
2013
Annual accounts 201314,6 k €↑
2012
Annual accounts 201210,2 k €↑
2011
Annual accounts 20115,2 k €↓
2010
Annual accounts 201018,3 k €↓
2009
Annual accounts 200928,4 k €↓
2008
Annual accounts 200830,4 k €↑
2007
Annual accounts 200721,6 k €
01/04/1999
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PATH - SYSTEMS

Overview

What does PATH - SYSTEMS do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline