ACTIVE

PATHCO

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Financial year 2025 · closed on 30/09/2025
Net result
30,1 k €
+238.4% YoY
Gross margin
73,6 k €
+221.6% YoY
Equity
-28,1 k €
+51.7% YoY

What does PATHCO do?

PATHCO is a Private limited company incorporated in 2012. Its main activity is: Photographic activities. Its registered office is in Beersel.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0846.353.605
Incorporation
05/06/2012
Legal form
Private limited company
Registered office
Heerweg 79
1650 Beersel · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
30/09/2025
Activities (NACE)
74201Photographic activities· main74201Photographic activities74209Photographic activities74209Photographic activities
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201520142013
Income statement
Gross margin73,6 k €22,9 k €6,0 k €11,1 k €43,8 k €26,2 k €61,9 k €5,6 k €47,9 k €48,2 k €40,3 k €73,5 k €
EBITDA68,8 k €18,4 k €1,7 k €7,4 k €39,7 k €20,8 k €56,9 k €955,6 €41,3 k €44,9 k €37,5 k €70,2 k €
Operating result32,0 k €-18,9 k €-33,4 k €-20,6 k €1,9 k €-19,6 k €14,5 k €-29,2 k €12,0 k €13,6 k €9,0 k €16,5 k €
Net result30,1 k €-21,7 k €-37,0 k €-25,2 k €-3,2 k €-25,3 k €8,9 k €-35,8 k €5,1 k €2,8 k €510,0 €3,3 k €
Balance sheet
Equity-28,1 k €-58,1 k €-66,4 k €-29,4 k €-34,2 k €-30,9 k €-5,7 k €-14,5 k €21,3 k €26,6 k €23,8 k €23,3 k €
Total assets150,0 k €181,8 k €180,3 k €206,6 k €218,9 k €258,7 k €321,5 k €283,2 k €359,7 k €398,5 k €381,8 k €374,9 k €
Cash10,9 k €19,4 k €5,9 k €7,4 k €16,1 k €31,0 k €43,5 k €20,4 k €71,4 k €39,8 k €33,1 k €21,0 k €
Debts178,0 k €239,9 k €246,7 k €236,0 k €253,0 k €289,6 k €327,1 k €297,7 k €338,4 k €371,9 k €358,0 k €351,7 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 30/09/2025 · 2 active · 2 ended

Active mandates

CHRISTA THYSENS

Director · since 01 juin 2012

Active
JO PAUWELS

Director · since 01 juin 2012

Active

Ended mandates

CHRISTA THYSENS

Manager · since 01 juin 2012

Ended
JO PAUWELS

Manager · since 01 juin 2012

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/05/202606/05/202501/05/202428/04/202313/05/202229/04/2021
General meeting26/05/202607/03/202501/03/202406/03/202304/03/202205/03/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202526/05/202627/05/2026DutchPDF
Micro model30/09/202407/03/202506/05/2025DutchPDF
Micro model30/09/202301/03/202401/05/2024DutchPDF
Micro model30/09/202206/03/202328/04/2023DutchPDF
Micro model30/09/202104/03/202213/05/2022DutchPDF
Micro model30/09/202005/03/202129/04/2021DutchPDF
Micro model30/09/201906/03/202013/05/2020DutchPDF
Micro model30/09/201801/03/201908/05/2019DutchPDF
Micro model30/09/201702/03/201816/05/2018DutchPDF
Abridged model30/09/201603/03/201701/05/2017DutchPDF
Abridged model30/09/201504/03/201611/04/2016DutchPDF
Abridged model30/09/201406/03/201529/03/2015DutchPDF
Abridged model30/09/201307/03/201402/06/2014DutchPDF
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 30/09/2025 · 2 active · 2 ended

Active mandates

CHRISTA THYSENS

Director · since 01 juin 2012

Active
JO PAUWELS

Director · since 01 juin 2012

Active

Ended mandates

CHRISTA THYSENS

Manager · since 01 juin 2012

Ended
JO PAUWELS

Manager · since 01 juin 2012

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
    PDF
  • Other14/06/2012
    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 202530,1 k €↑
  2. 2024
    Annual accounts 2024-21,7 k €↑
  3. 2023
    Annual accounts 2023-37,0 k €↓
  4. 2022
    Annual accounts 2022-25,2 k €↓
  5. 2021
    Annual accounts 2021-3,2 k €↑
  6. 2020
    Annual accounts 2020-25,3 k €↓
  7. 2019
    Annual accounts 20198,9 k €↑
  8. 2018
    Annual accounts 2018-35,8 k €↓
  9. 2017
    Annual accounts 20175,1 k €↑
  10. 2015
    Annual accounts 20152,8 k €↑
  11. 2014
    Annual accounts 2014510,0 €↓
  12. 2013
    Annual accounts 20133,3 k €
  13. 05/06/2012
    IncorporationPrivate limited company