Financials
- Financial year
- 2024
- Total assets
- €609,364
- Profit
- €68,804
- Solvency
- 76.7%
Total assets▲ 1.1%
Net result
20182024
Better Ways
ActiveSummary
Better Ways has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €467,620 and a net result of €68,804. Equity is growing by about 5% per year across the filed financial years. Its solvency ranks better than 83% of 527 sector peers (NACE 31, financial year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
Manufacture of furniture
NACE 31002
1 site
Size
€609,364total assets 2024
- Equity
- €467,620
- Profit
- €68,804
Turnover not published (micro format)
Structure
2025 accounts not filed, 85 days past the deadline2 deeds in the Belgian Official Gazette
Why 57raises riskCapped at 59: a confirmed filing finding1 financial year not filed after the legal deadline; last filed accounts filed 69 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 08-10-2025)lowers riskLiquidity: current ratio 4.19, cash €217,241Equity €467,620 (76.7% of total assets)Show the evidence
Checked score
Score 2024
57
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 71% of its sector peers (NACE 31, micro)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency
100=
equity 76.7% of total assets
Liquidity
86+5
short-term debt 23.3% · cash 35.7%
Profitability
83+5
return on assets 11.3%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● unchanged vs 11-2024
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.6%▲ +0.1 percentage points vs 08-2025
10-2025: 1.0%▲ +0.4 percentage points vs 09-2025highest value
11-2025: 0.2%▼ -0.8 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.7%▲ +0.3 percentage points vs 09-2026
Credit of up to €25,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 4.19, compared with 4.8 in 2023, above the usual 1.5; short-term debt: 23.3% and cash: 35.7% of total assets), and 23.3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 31, micro): better than 91% on solvency, 85% on liquidity, 76% on profitability and 32% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 85 days later.
NBB · 9 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline24-10-2026 today
raises risk · 2024 accounts filed 69 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
69 days late
2023
75 days late
2022
80 days late
2021
75 days late
2020
164 days late
2019
105 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 95 days after the deadline; the sector median (NACE 31) for financial year 2024 is 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
- Annual accounts filedfinancial year 2022 · micro…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2017
- 31-12-2022Weakest financial year
- 14-10-2022Annual accounts filed
- 11-01-2022Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Manufacture of furnitureNACE 31002
- Founded
- 29-04-2015
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about Better Ways
- What is the company number of Better Ways?
- 0628.985.810. In Belgium the VAT number is the company number with BE in front: BE 0628.985.810.
- Where is Better Ways based?
- The registered office is at Augustijnenkaai 1, 9000 Gent.Company details
- What does Better Ways do?
- According to the KBO register, the main activity is manufacture of furniture (NACE 31002).
- What is the legal form of Better Ways?
- Private limited company (pre-2019) (BVBA).
- When was Better Ways founded?
- On 29-04-2015.
- Is Better Ways still active?
- Yes, Better Ways is an active enterprise in the KBO register.
- What is the turnover of Better Ways?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is Better Ways profitable?
- In financial year 2024, Better Ways made a profit of €68,804.
- Where can I find the annual accounts of Better Ways?
- Better Ways filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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