ACTIVE

Pathlock Benelux

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Financial year 2025 · closed on 31/12/2025

Net result

843 k €

+17.4% YoY

Gross margin

1,3 M €

+4.1% YoY

Equity

1,2 M €

+38.6% YoY

Workforce

3,0 ETP

+3.4% YoY

What does Pathlock Benelux do?

Pathlock Benelux is a Private limited company incorporated in 2006. Its main activity is: Other software publishing. Its registered office is in Hasselt. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0881.506.009

Incorporation

27/04/2006

Legal form

Private limited company

Registered office

Kempische steenweg 303 box 200
3500 Hasselt · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Average workforce

3,0 ETP

Activities (NACE)

58290Other software publishing· main 58290Other software publishing 62010Computer programming activities 62100Computer programming, consultancy and related activities 72210Research and experimental development on social sciences and humanities 72220Research and experimental development on social sciences and humanities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,3 M €	+4.1%	1,3 M €	+4.0%	1,2 M €	+23.9%	990,7 k €	+12.4%	881,2 k €	-6.0%	937,9 k €	+7.0%	876,5 k €	-20.6%	1,1 M €	+29.8%	849,9 k €	-5.5%	899,7 k €	+37.9%	652,2 k €	+1.2%	644,2 k €	+82.0%	354 k €	-1.4%	359,1 k €	-21.9%	460 k €	-3.9%	478,6 k €	-0.2%	479,8 k €	+35.4%	354,3 k €	-25.3%	474,5 k €	+303%	117,8 k €
EBITDA	1,1 M €	+1.9%	1,1 M €	+5.2%	1 M €	+40.3%	739,1 k €	+13.2%	653 k €	-1.4%	662,4 k €	+18.3%	560,1 k €	-25.5%	751,9 k €	+53.3%	490,5 k €	+2.6%	478,3 k €	+70.1%	281,2 k €	-6.1%	299,6 k €	+7.8%	277,9 k €	+377%	-100,5 k €	-153%	188,7 k €	-15.8%	224,2 k €	-11.7%	253,9 k €	+134%	108,3 k €	-46.8%	203,5 k €	+4078%	4,9 k €
Operating result	1,1 M €	+15.5%	942,1 k €	+6.2%	887,4 k €	+45.0%	611,8 k €	-5.9%	649,8 k €	+0.7%	645,5 k €	+20.0%	538 k €	-26.3%	730,2 k €	+56.2%	467,6 k €	+2.8%	454,8 k €	+69.7%	268,1 k €	-8.9%	294,2 k €	+9.2%	269,5 k €	+352%	-107,1 k €	-158%	183,1 k €	-17.2%	221,2 k €	-8.4%	241,4 k €	+153%	95,4 k €	-49.9%	190,6 k €	+10055%	1,9 k €
Net result	843 k €	+17.4%	718 k €	+10.5%	649,9 k €	+42.9%	454,9 k €	-6.4%	485,8 k €	+3.1%	471,2 k €	+25.2%	376,2 k €	-26.2%	510,1 k €	+73.5%	293,9 k €	+0.5%	292,5 k €	+51.1%	193,6 k €	-34.1%	293,7 k €	+365%	63,1 k €	+155%	-113,8 k €	-186%	131,9 k €	-4.7%	138,5 k €	-6.9%	148,8 k €	+132%	64,2 k €	-43.0%	112,7 k €	+39209%	-288,2 €
Balance sheet
Equity	1,2 M €	+38.6%	887,4 k €	-24.1%	1,2 M €	+125%	519,5 k €	-63.7%	1,4 M €	+51.3%	946,5 k €	+99.1%	475,3 k €	-52.4%	999 k €	+104%	489 k €	-1.2%	495,1 k €	+63.6%	302,6 k €	+178%	108,9 k €	-5.5%	115,3 k €	+121%	52,1 k €	-68.6%	165,9 k €	+389%	34 k €	-76.7%	145,4 k €	+50.5%	96,6 k €	+198%	32,4 k €	+64.4%	19,7 k €
Total assets	3 M €	+4.7%	2,8 M €	-16.0%	3,4 M €	+40.1%	2,4 M €	-16.3%	2,9 M €	+28.0%	2,2 M €	+21.5%	1,8 M €	-18.4%	2,3 M €	+12.9%	2 M €	+27.1%	1,6 M €	+5.8%	1,5 M €	-17.2%	1,8 M €	+231%	543,2 k €	-28.8%	763 k €	-2.3%	780,5 k €	-44.2%	1,4 M €	+14.6%	1,2 M €	-13.5%	1,4 M €	+0.5%	1,4 M €	+931%	136,3 k €
Cash	999,4 k €	+21.5%	822,7 k €	-65.7%	2,4 M €	+72.4%	1,4 M €	-44.5%	2,5 M €	+42.2%	1,8 M €	+77.1%	994,4 k €	-39.7%	1,6 M €	+8.9%	1,5 M €	+112%	713,2 k €	+124%	318,4 k €	-46.3%	592,6 k €	+221%	184,4 k €	-51.3%	378,6 k €	-20.2%	474,5 k €	-50.4%	957 k €	+4.9%	912,2 k €	+4.6%	871,8 k €	+51.9%	573,9 k €	+6135%	9,2 k €
Debts	656,2 k €	+12.5%	583,1 k €	+21.3%	480,6 k €	+70.0%	282,7 k €	+206%	92,5 k €	-17.2%	111,6 k €	-26.7%	152,4 k €	+47.0%	103,6 k €	-81.2%	551,8 k €	+62.1%	340,5 k €	-14.7%	399 k €	-59.9%	994,5 k €	+919%	97,6 k €	-61.0%	250,4 k €	-16.8%	300,8 k €	-72.3%	1,1 M €	+29.9%	836,5 k €	-18.1%	1 M €	-15.7%	1,2 M €	+940%	116,5 k €
Other
Workforce	3,0 ETP	+3.4%	2,9 ETP	0.0%	2,9 ETP	-39.6%	4,8 ETP	-20.0%	6,0 ETP	+20.0%	5,0 ETP	-9.1%	5,5 ETP	-8.3%	6,0 ETP	+9.1%	5,5 ETP	-22.5%	7,1 ETP	+4.4%	6,8 ETP	+15.3%	5,9 ETP	+59.5%	3,7 ETP	-7.5%	4,0 ETP	0.0%	4,0 ETP	+42.9%	2,8 ETP	-17.6%	3,4 ETP	-10.5%	3,8 ETP	-20.8%	4,8 ETP	+200%	1,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 20 ended

Active mandates

Damon Tompkins

Mandate

Active

Ended mandates

Jonathan Hildrey

Director · since 25 août 2023

Ended

Piyush Pandey

Director · since 25 août 2023

Ended

Johan Hermans

Director · since 29 mars 2022 · until 25 août 2023

Ended

Johan Hermans

Director · since 29 mars 2022

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2026	26/08/2025	27/09/2024	31/08/2023	28/07/2022	30/06/2021
General meeting	26/08/2026	14/08/2025	13/09/2024	30/08/2023	24/06/2022	18/06/2021
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
Abridged model	31/12/2025	26/08/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	14/08/2025	26/08/2025	Dutch	PDF
Abridged model	31/12/2023	13/09/2024	27/09/2024	Dutch	PDF
Abridged model	31/12/2022	30/08/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	01/07/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	08/07/2019	Dutch	PDF
Abridged model	31/12/2017	20/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	09/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	20/04/2011	24/05/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	13/07/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	18/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 20 ended

Active mandates

Damon Tompkins

Mandate

Active

Ended mandates

Jonathan Hildrey

Director · since 25 août 2023

Ended

Piyush Pandey

Director · since 25 août 2023

Ended

Johan Hermans

Director · since 29 mars 2022 · until 25 août 2023

Ended

Johan Hermans

Director · since 29 mars 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/08/2026
Benoeming Bestuurder - Volmacht
PDF
Mandates23/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/01/2025
MAATSCHAPPELIJKE ZETEL
PDF
Other17/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates10/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/02/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/01/2022
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 2025843 k €↑
2024
Annual accounts 2024718 k €↑
2023
Annual accounts 2023649,9 k €↑
2023
Name changePathlock Benelux
2022
Annual accounts 2022454,9 k €↓
2021
Annual accounts 2021485,8 k €↑
2021
Name changeCSI tools
2020
Annual accounts 2020471,2 k €↑
2019
Annual accounts 2019376,2 k €↓
2018
Annual accounts 2018510,1 k €↑
2017
Annual accounts 2017293,9 k €↑
2016
Annual accounts 2016292,5 k €↑
2015
Annual accounts 2015193,6 k €↓
2014
Annual accounts 2014293,7 k €↑
2013
Annual accounts 201363,1 k €↑
2012
Annual accounts 2012-113,8 k €↓
2011
Annual accounts 2011131,9 k €↓
2010
Annual accounts 2010138,5 k €↓
2009
Annual accounts 2009148,8 k €↑
2008
Annual accounts 200864,2 k €↓
2007
Annual accounts 2007112,7 k €↑
2006
Annual accounts 2006-288,2 €
27/04/2006
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

Pathlock Benelux

Overview

What does Pathlock Benelux do?

Trend over 20 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