ACTIVE

MPath

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Financial year 2025 · closed on 31/12/2025
Net result
521 k €
-3.8% YoY
Gross margin
699,8 k €
-4.7% YoY
Equity
10,3 k €
-94.5% YoY

What does MPath do?

MPath is a Private limited company incorporated in 2019. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Antwerpen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0732.773.533
Incorporation
22/08/2019
Legal form
Private limited company
Registered office
Hof ter Schriecklaan 28
2600 Antwerpen · FlandreSee on map
Contributed capital
2 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
82990Other business support service activities n.e.c.· main82990Other business support service activities n.e.c.
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin699,8 k €734,3 k €410,1 k €318,2 k €271,5 k €
EBITDA698,7 k €732,9 k €409,1 k €317 k €271 k €
Operating result697,7 k €732,3 k €408,8 k €316,7 k €271 k €
Net result521 k €541,7 k €317,5 k €229,5 k €206 k €
Balance sheet
Equity10,3 k €186,2 k €320 k €529 k €299,5 k €
Total assets745,7 k €784 k €547,5 k €665,5 k €477,4 k €
Cash190,2 k €24,3 k €100,6 k €250,8 k €130,4 k €
Debts735,4 k €597,1 k €226,7 k €136,5 k €177,9 k €
Other
Workforce–0,0 ETP0,0 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

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

Board of directors

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

Active mandates

Maxim Parizel

Director · since 22 août 2019

Active
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202122/08/2019
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 months17 months
Filing date01/07/202607/07/202524/07/202421/03/202325/07/202230/07/2021
General meeting05/06/202628/06/202528/06/202421/02/202330/06/202230/06/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202601/07/2026DutchPDF
Abridged model31/12/202428/06/202507/07/2025DutchPDF
Abridged model31/12/202328/06/202424/07/2024DutchPDF
Abridged model31/12/202221/02/202321/03/2023DutchPDF
Micro model31/12/202130/06/202225/07/2022DutchPDF
Micro model31/12/202030/06/202130/07/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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

Active mandates

Maxim Parizel

Director · since 22 août 2019

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office09/06/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other26/08/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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 2025521 k €↓
  2. 2024
    Annual accounts 2024541,7 k €↑
  3. 2023
    Annual accounts 2023317,5 k €↑
  4. 2022
    Annual accounts 2022229,5 k €↑
  5. 2021
    Annual accounts 2021206 k €
  6. 22/08/2019
    IncorporationPrivate limited company