DataWays
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 28-08-2026 at the NBB all 9 filings
Turnover
≈ €370,000
Estimated: probably between €300,000 and €450,000
Total assets
€624,781▲ 4.2%
2025 · €599,324
Net result
€56,161▲ 40.0%
2025 · €40,104
Working capital
€240,433▲ 27.5%
2025 · €188,615
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€86,872
▲ 36.7%
2026
20192026
Net result
€56,161
▲ 40.0%
2026
20192026
Equity
€220,745
▲ 29.6%
2026
20192026
Total assets
€624,781
▲ 4.2%
2026
20192026
Debt
€404,037
▼ 5.8%
2026
20192026
Working capital
€240,433
▲ 27.5%
2026
20192026
Solvency
35.3%
▲ 6.9pp
2026
20192026
Current ratio
6.58
▲ 0.98
2026
20192026
Return on assets (ROA)
9.0%
▲ 2.3pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€3,698-€23,224▲ 528%€32,808▲ 41.3%€43,478▲ 32.5%€51,091▲ 17.5%€81,434▲ 59.4%€63,556▼ 22.0%€86,872▲ 36.7%
Net result-€3,126-€8,808€14,895within the sector's middle half▲ 69.1%€22,570within the sector's middle half▲ 51.5%€29,516above the sector's middle half▲ 30.8%€48,653above the sector's middle half▲ 64.8%€40,104above the sector's middle half▼ 17.6%€56,161▲ 40.0%
Equity€5,720-€14,528▲ 154%€29,423within the sector's middle half▲ 103%€51,993within the sector's middle half▲ 76.7%€81,509within the sector's middle half▲ 56.8%€130,161within the sector's middle half▲ 59.7%€170,265above the sector's middle half▲ 30.8%€220,745▲ 29.6%
Total assets€570,448-€563,970▼ 1.1%€564,072above the sector's middle half=€564,684above the sector's middle half▲ 0.1%€584,556above the sector's middle half▲ 3.5%€601,249above the sector's middle half▲ 2.9%€599,324above the sector's middle half▼ 0.3%€624,781▲ 4.2%
Debt€564,729-€549,442▼ 2.7%€534,649▼ 2.7%€512,692▼ 4.1%€503,047▼ 1.9%€471,088▼ 6.4%€429,058▼ 8.9%€404,037▼ 5.8%
Working capital€4,792-€18,089▲ 278%€36,848within the sector's middle half▲ 104%€72,180within the sector's middle half▲ 95.9%€100,314above the sector's middle half▲ 39.0%€146,466above the sector's middle half▲ 46.0%€188,615above the sector's middle half▲ 28.8%€240,433▲ 27.5%
Solvency1.0%-2.6%▲ 1.6pp5.2%below the sector's middle half▲ 2.6pp9.2%below the sector's middle half▲ 4.0pp13.9%below the sector's middle half▲ 4.7pp21.6%below the sector's middle half▲ 7.7pp28.4%within the sector's middle half▲ 6.8pp35.3%▲ 6.9pp
Current ratio1.19-1.53▲ 0.341.84within the sector's middle half▲ 0.312.93within the sector's middle half▲ 1.082.74within the sector's middle half▼ 0.193.59above the sector's middle half▲ 0.855.60above the sector's middle half▲ 2.016.58▲ 0.98
Return on assets (ROA)-0.5%-1.6%▲ 2.1pp2.6%within the sector's middle half▲ 1.1pp4.0%within the sector's middle half▲ 1.4pp5.0%within the sector's middle half▲ 1.1pp8.1%within the sector's middle half▲ 3.0pp6.7%within the sector's middle half▼ 1.4pp9.0%▲ 2.3pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 37% higher than in 2025 and the highest since 2022. It is a recovery after the fall in 2025.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €624,781
Fixed assets
€341,265 ▼ 7.7%
Current assets
€283,516 ▲ 23.5%
Equity and liabilities €624,781
Equity
€220,745 ▲ 29.6%
Debt
€404,037 ▼ 5.8%
Debt's share of the balance-sheet total falls from 71.6% to 64.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€115,311▲
2025 · €91,995
Cash flow
€84,600▲
2025 · €68,543
Debt to equity
1.83▼
2025 · 2.52
ROE
25.4%▲
2025 · 23.6%
Interest coverage
13.78▲
2025 · 10.27
Debt ≤ 1 year
€43,083▲
2025 · €41,004
Debt > 1 year
€359,933▼
2025 · €386,933
Income taxes
€22,344▲
2025 · €15,004
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | - | €27,500 | €27,500 |
| Carrying value of the mortgaged assets | - | - | - | €369,704 | €341,265 |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,439 | €28,439 | €28,439 | €28,439 | €28,439 | €28,439 | €28,439 | €28,439 | = |
| Other operating charges640/8 | - | - | - | €4,010 | €4,094 | €4,480 | €4,674 | €4,798 | ▲ 2.7% |
| Gross operating margin9900 | €32,601 | €55,333 | €65,219 | €75,928 | €83,625 | €114,353 | €96,669 | €120,109 | ▲ 24.2% |
| Operating profit (loss)9901 | €3,698 | €23,224 | €32,808 | €43,478 | €51,091 | €81,434 | €63,556 | €86,872 | ▲ 36.7% |
| Financial income75/76B | - | - | - | - | - | - | €513 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €70 | - | - | - | €513 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €10,105 | €10,611 | €9,283 | €8,960 | €8,367 | ▼ 6.6% |
| Recurring financial charges65 | €6,823 | €10,963 | €10,529 | €10,105 | €10,611 | €9,283 | €8,960 | €8,367 | ▼ 6.6% |
| Profit (loss) for the period before taxes9903 | -€3,125 | €12,261 | €22,349 | €33,373 | €40,481 | €72,151 | €55,108 | €78,505 | ▲ 42.5% |
| Income taxes67/77 | €0 | €3,453 | €7,454 | €10,803 | €10,964 | €23,498 | €15,004 | €22,344 | ▲ 48.9% |
| Profit (loss) for the period9904 | -€3,126 | €8,808 | €14,895 | €22,570 | €29,516 | €48,653 | €40,104 | €56,161 | ▲ 40.0% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | €5,682 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €21,050 | €0 | €25,260 | €25,260 | = |
| Profit (loss) for the period to be appropriated9905 | -€3,126 | €8,808 | €14,895 | €22,570 | €8,466 | €48,653 | €14,844 | €36,583 | ▲ 146% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €570,448 | €563,970 | €564,072 | €564,684 | €584,556 | €601,249 | €599,324 | €624,781 | ▲ 4.2% |
| Fixed assets21/28 | €540,337 | €511,898 | €483,459 | €455,020 | €426,582 | €398,143 | €369,704 | €341,265 | ▼ 7.7% |
| Tangible fixed assets22/27 | €540,337 | €511,898 | €483,459 | €455,020 | €426,582 | €398,143 | €369,704 | €341,265 | ▼ 7.7% |
| Land and buildings22 | - | - | - | €455,020 | €426,582 | €398,143 | €369,704 | €341,265 | ▼ 7.7% |
| Current assets29/58 | €30,112 | €52,072 | €80,613 | €109,664 | €157,974 | €203,106 | €229,620 | €283,516 | ▲ 23.5% |
| Amounts receivable within one year40/41 | €612 | €9,192 | €12,359 | €49,209 | €41,395 | €8,964 | €8,606 | €12,039 | ▲ 39.9% |
| Trade receivables40 | - | - | - | €9,209 | €41,332 | €8,901 | €8,544 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €40,000 | €63 | €63 | €63 | €12,039 | ▲ 191× |
| Cash at bank and in hand54/58 | €17,035 | €32,010 | €34,532 | €25,431 | €63,012 | €95,321 | €97,888 | €111,978 | ▲ 14.4% |
| Deferred charges and accrued income490/1 | - | - | - | €35,023 | €53,567 | €98,822 | €123,125 | €159,499 | ▲ 29.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €570,448 | €563,970 | €564,072 | €564,684 | €584,556 | €601,249 | €599,324 | €624,781 | ▲ 4.2% |
| Equity10/15 | €5,720 | €14,528 | €29,423 | €51,993 | €81,509 | €130,161 | €170,265 | €220,745 | ▲ 29.6% |
| Contributions10/11 | €7,750 | €7,750 | - | €7,750 | €7,750 | €7,750 | €7,750 | €7,750 | = |
| Reserves13 | €1,096 | €6,778 | €21,673 | €44,243 | €73,759 | €122,411 | €162,515 | €212,995 | ▲ 31.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €21,050 | €21,050 | €46,310 | €71,570 | ▲ 54.5% |
| Distributable reserves133 | - | - | - | €42,383 | €50,849 | €101,361 | €116,205 | €141,425 | ▲ 21.7% |
| Profit (loss) carried forward14 | -€3,126 | - | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €564,729 | €549,442 | €534,649 | €512,692 | €503,047 | €471,088 | €429,058 | €404,037 | ▼ 5.8% |
| Amounts payable after more than one year17 | €538,335 | €514,314 | €489,821 | €466,946 | €439,379 | €413,412 | €386,933 | €359,933 | ▼ 7.0% |
| Financial debts170/4 | - | - | - | €458,446 | €430,879 | €404,912 | €378,433 | €351,433 | ▼ 7.1% |
| Other amounts payable178/9 | - | - | - | €8,500 | €8,500 | €8,500 | €8,500 | €8,500 | = |
| Amounts payable within one year42/48 | €25,320 | €33,982 | €43,765 | €37,484 | €57,660 | €56,640 | €41,004 | €43,083 | ▲ 5.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €22,875 | €25,467 | €25,968 | €26,479 | €27,000 | ▲ 2.0% |
| Trade debts44 | €928 | €5,453 | €7,942 | €9,188 | €23,460 | €12,579 | €4,328 | €3,245 | ▼ 25.0% |
| Suppliers440/4 | - | - | - | €9,188 | €23,460 | €12,579 | €4,328 | €3,245 | ▼ 25.0% |
| Taxes, remuneration and social security45 | - | - | - | €4,308 | €7,378 | €16,472 | €2,241 | €4,881 | ▲ 118% |
| Taxes450/3 | - | - | - | €4,308 | €7,378 | €16,472 | €2,241 | €4,881 | ▲ 118% |
| Other amounts payable47/48 | - | - | - | €1,114 | €1,356 | €1,621 | €7,957 | €7,957 | = |
| Accrued charges and deferred income492/3 | - | - | - | €8,262 | €6,007 | €1,036 | €1,121 | €1,020 | ▼ 9.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,126 | €8,808 | €14,895 | €22,570 | €29,516 | €48,653 | €40,104 | €56,161 | ▲ 40.0% |
| + Depreciation and write-downs630 | €28,439 | €28,439 | €28,439 | €28,439 | €28,439 | €28,439 | €28,439 | €28,439 | = |
| Operating cash flow (approximation) | €25,313 | €37,247 | €43,334 | €51,009 | €57,955 | €77,091 | €68,543 | €84,600 | ▲ 23.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €14,975 | €2,522 | -€9,100 | €37,581 | €32,309 | €2,567 | €14,090 | ▲ 449% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,811 companies had the same profile as DataWays has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.1%
stopped otherwise
0.3%
went bankrupt
That fits the bankruptcy probability of DataWays itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for DataWays. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 28-08-2026 | 2026-00499457 | |
| 31-03-2025 | micro format | 14-08-2025 | 2025-00378054 | |
| 31-03-2024 | micro format | 02-10-2024 | 2024-00491264 | |
| 31-03-2023 | micro format | 27-10-2023 | 2023-00498028 | |
| 31-03-2022 | micro format | 28-10-2022 | 2022-20480115 | |
| 31-03-2021 | micro format | 30-09-2021 | 2021-71100488 | |
| 31-03-2020 | micro format | 28-09-2020 | 2020-57500342 | |
| 31-03-2019 | micro format | 10-10-2019 | 2019-69400554 | |
| 31-03-2018 | micro format | 12-10-2018 | 2018-69200391 |