ACTIVE

PATHON

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Financial year 2025 · closed on 31/12/2025
Net result
-34,9 k €
-322.8% YoY
Gross margin
95,6 k €
+5.2% YoY
Equity
123,5 k €
-27.7% YoY

What does PATHON do?

PATHON is a Private limited company incorporated in 2017. Its main activity is: Manufacture of electric domestic appliances. Its registered office is in Ferrières.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0686.782.665
Incorporation
22/12/2017
Legal form
Private limited company
Registered office
Route d'Aywaille 5
4190 Ferrières · WallonieSee on map
Contributed capital
25 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
27510Manufacture of electric domestic appliances· main27510Manufacture of electric domestic appliances43222Plumbing, heat and air-conditioning installation43222Plumbing, heat and air-conditioning installation43211Electrical installation43211Electrical installation
Signals
Low riskGood liquidityHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin95,6 k €90,9 k €176,4 k €219 k €95,1 k €86,7 k €126,6 k €35,3 k €
EBITDA-1,1 k €55 k €93,6 k €149,3 k €46,6 k €14,7 k €89,1 k €28,3 k €
Operating result-25,2 k €25 k €63,6 k €97,5 k €8,6 k €-20,1 k €57,6 k €11,1 k €
Net result-34,9 k €15,7 k €45,2 k €83,3 k €3,5 k €-23,8 k €35,3 k €5,7 k €
Balance sheet
Equity123,5 k €170,8 k €172,7 k €127,5 k €45,8 k €42,3 k €66,1 k €30,7 k €
Total assets505,9 k €367,5 k €338,4 k €359,3 k €251,4 k €273,4 k €303,1 k €185,3 k €
Cash147,6 k €117,6 k €83,2 k €37,6 k €29,6 k €5,1 k €41,8 k €22,2 k €
Debts379,6 k €192,5 k €165,7 k €231,8 k €204,6 k €231,1 k €235,6 k €154,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

PAUL THONON

Mandate

Active

Ended mandates

Anne MAZAY

Manager · since 01 mai 2019

Ended
Paul THONON

Manager · since 20 décembre 2017

Ended
ANNE MAZAY

Director

Ended
Paul THONON

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date27/08/202620/06/202518/07/202429/08/202326/08/202221/05/2021
General meeting12/08/202623/05/202519/06/202421/06/202315/06/202222/04/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202512/08/202627/08/2026FrenchPDF
Micro model31/12/202423/05/202520/06/2025FrenchPDF
Micro model31/12/202319/06/202418/07/2024FrenchPDF
Micro model31/12/202221/06/202329/08/2023FrenchPDF
Micro model31/12/202115/06/202226/08/2022FrenchPDF
Micro model31/12/202022/04/202121/05/2021FrenchPDF
Micro model31/12/201925/03/202009/04/2020FrenchPDF
Micro model31/12/201813/05/201908/06/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 1 active · 4 ended

Active mandates

PAUL THONON

Mandate

Active

Ended mandates

Anne MAZAY

Manager · since 01 mai 2019

Ended
Paul THONON

Manager · since 20 décembre 2017

Ended
ANNE MAZAY

Director

Ended
Paul THONON

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates31/10/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/04/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/06/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Other28/12/2017
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025-34,9 k €↓
  2. 2024
    Annual accounts 202415,7 k €↓
  3. 2023
    Annual accounts 202345,2 k €↓
  4. 2022
    Annual accounts 202283,3 k €↑
  5. 2021
    Annual accounts 20213,5 k €↑
  6. 2020
    Annual accounts 2020-23,8 k €↓
  7. 2019
    Annual accounts 201935,3 k €↑
  8. 2018
    Annual accounts 20185,7 k €
  9. 22/12/2017
    IncorporationPrivate limited company