ACTIVE

PATH Consulting

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Financial year 2026 · closed on 26/06/2026

Net result

37,5 k €

+110.1% YoY

Gross margin

-6 k €

+75.3% YoY

Equity

460,8 k €

+8.9% YoY

What does PATH Consulting do?

PATH Consulting is a Private limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Theux.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0839.038.815

Incorporation

06/09/2011

Legal form

Private limited company

Registered office

Rue de la Léhette 19
4910 Theux · WallonieSee on map

Contributed capital

10 000,00 €

Latest accounts

26/06/2026

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 68310Real estate agencies 68311Real estate agencies 68312Real estate agencies 68322Management of real estate on a fee or contract basis

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	-6 k €	+75.3%	-24,1 k €	+9.9%	-26,7 k €	-184%	31,9 k €	+1.6%	31,4 k €	+365%	-11,9 k €	-91.9%	-6,2 k €	+49.8%	-12,3 k €	-106%	222,5 k €	-17.5%	269,6 k €	+12.1%	240,6 k €	-5.1%	253,4 k €	-7.9%	275,3 k €	-5.0%	289,9 k €	-9.5%	320,4 k €
EBITDA	-6 k €	+91.0%	-65,8 k €	-136%	-27,9 k €	-245%	19,2 k €	-32.1%	28,3 k €	+302%	-14 k €	-97.0%	-7,1 k €	+46.8%	-13,4 k €	-106%	219,1 k €	-17.7%	266,1 k €	+71.9%	154,7 k €	-25.8%	208,5 k €	-17.0%	251,3 k €	-12.3%	286,6 k €	-9.1%	315,4 k €
Operating result	-6 k €	+91.3%	-68,2 k €	-23.0%	-55,5 k €	-568%	-8,3 k €	-133%	25,3 k €	+246%	-17,4 k €	-61.4%	-10,8 k €	+37.9%	-17,4 k €	-108%	213,7 k €	-17.9%	260,4 k €	+73.8%	149,9 k €	-17.3%	181,4 k €	-20.2%	227,4 k €	-20.4%	285,5 k €	-8.8%	313,1 k €
Net result	37,5 k €	+110%	-370,1 k €	-655%	-49 k €	-877%	-5 k €	-121%	23,5 k €	+296%	-12 k €	-89.3%	-6,3 k €	+60.6%	-16,1 k €	-112%	135,7 k €	-20.5%	170,7 k €	+72.2%	99,1 k €	-19.3%	122,9 k €	-17.5%	149 k €	-20.0%	186,3 k €	-8.9%	204,5 k €
Balance sheet
Equity	460,8 k €	+8.9%	423,2 k €	-46.7%	793,4 k €	-5.8%	842,4 k €	-0.6%	847,4 k €	+2.9%	823,8 k €	-1.4%	835,8 k €	-0.8%	842,1 k €	-1.9%	858,2 k €	+18.8%	722,5 k €	+30.9%	551,8 k €	+21.9%	452,7 k €	+37.3%	329,8 k €	+82.4%	180,8 k €	+57.9%	114,5 k €
Total assets	532,5 k €	+5.4%	505,4 k €	-42.1%	873,2 k €	-14.0%	1 M €	-1.2%	1 M €	+14.2%	900,1 k €	-3.2%	930,2 k €	+6.5%	873 k €	-2.8%	898,4 k €	+3.6%	867,1 k €	+22.9%	705,5 k €	+26.1%	559,6 k €	+2.3%	547 k €	+74.2%	314,1 k €	-5.6%	332,6 k €
Cash	79,2 k €	-15.7%	93,9 k €	+9.9%	85,4 k €	-9.3%	94,1 k €	+470%	16,5 k €	-80.2%	83,2 k €	+161%	31,9 k €	-61.9%	83,8 k €	+19.4%	70,2 k €	-83.2%	416,9 k €	-11.3%	470,3 k €	+578%	69,4 k €	-58.5%	167,2 k €		–		277,9 k €
Debts	71,8 k €	-11.7%	81,2 k €	+1.7%	79,9 k €	-53.9%	173,3 k €	-3.8%	180,2 k €	+136%	76,2 k €	-18.9%	94 k €	+205%	30,9 k €	-23.1%	40,2 k €	-72.2%	144,7 k €	-5.9%	153,7 k €	+43.7%	107 k €	-50.7%	216,8 k €	+63.8%	132,3 k €	-39.0%	217,1 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 26/06/2026 · 1 active · 1 ended

Active mandates

Paul THONON

Director · since 31 août 2011

Active

Ended mandates

Paul THONON

Manager · since 31 août 2011

Ended

At this address

Other companies at this address

Company	CBE no.
PATH● Active	0715.885.437

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2026	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021
Closing of the financial year	26/06/2026	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Length of the financial year	6 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/07/2026	18/05/2026	08/08/2025	13/08/2024	25/08/2023	21/09/2022
General meeting	26/06/2026	01/05/2026	02/05/2025	03/05/2024	05/05/2023	06/05/2022
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	26/06/2026	26/06/2026	07/07/2026	French	PDF
Micro model	31/12/2025	01/05/2026	18/05/2026	French	PDF
Micro model	31/12/2024	02/05/2025	08/08/2025	French	PDF
Micro model	31/12/2023	03/05/2024	13/08/2024	French	PDF
Micro model	31/12/2022	05/05/2023	25/08/2023	French	PDF
Micro model	31/12/2021	06/05/2022	21/09/2022	French	PDF
Micro model	31/12/2020	07/05/2021	30/08/2021	French	PDF
Micro model	31/12/2019	07/09/2020	14/09/2020	French	PDF
Micro model	31/12/2018	03/05/2019	27/08/2019	French	PDF
Micro model	31/12/2017	04/05/2018	31/08/2018	French	PDF
Micro model	31/12/2016	05/05/2017	07/09/2017	French	PDF
Abridged model	31/12/2015	06/05/2016	13/05/2016	French	PDF
Abridged model	31/12/2014	14/09/2015	14/09/2015	French	PDF
Abridged model	31/12/2013	26/09/2014	26/09/2014	French	PDF
Abridged model	31/12/2012	13/06/2013	22/06/2013	French	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 26/06/2026 · 1 active · 1 ended

Active mandates

Paul THONON

Director · since 31 août 2011

Active

Ended mandates

Paul THONON

Manager · since 31 août 2011

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Dissolution20/07/2026
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF
Other24/02/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Other16/09/2011
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

2026
Annual accounts 202637,5 k €↑
2025
Annual accounts 2025-370,1 k €↓
2024
Annual accounts 2024-49 k €↓
2023
Annual accounts 2023-5 k €↓
2022
Annual accounts 202223,5 k €↑
2021
Annual accounts 2021-12 k €↓
2020
Annual accounts 2020-6,3 k €↑
2019
Annual accounts 2019-16,1 k €↓
2018
Annual accounts 2018135,7 k €↓
2017
Annual accounts 2017170,7 k €↑
2016
Annual accounts 201699,1 k €↓
2015
Annual accounts 2015122,9 k €↓
2014
Annual accounts 2014149 k €↓
2013
Annual accounts 2013186,3 k €↓
2012
Annual accounts 2012204,5 k €
06/09/2011
IncorporationPrivate limited company

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 Consulting

Overview

What does PATH Consulting do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline