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Complete company report
Generated 12-08-2026
Active BE 0444.543.872Public limited company

DIRECT WAY

Steenweg Buda 42 ·1830 Machelen (Brab.), Belgium· 35 yrs active
Sector: Diensten voor personenvervoer op aanvraag per voertuig met chauffeur (49330)
Conclusion Checked

The computed 12-month bankruptcy probability of DIRECT WAY is 0.8% (low). The 2024 annual accounts show equity of €1.22M and a net result of €264k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 195 sector peers (fiscal year 2024). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €1.22M
Net result €264k
Staff (FTE) 35.8
Better than sector 83%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health93Profitability100Solvency99Growth78Stability100
94 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93
Profitability 100
Solvency 99
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.8% Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Long track record −Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1991, 35 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
93 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 18-07-2025 with the NBB · fiscal year 2024 · verkort
€-1.00M€-500k€0€500k€1.00MOperating result 2020: €-516k€-516kNet result 2020: €-498k€-498kOperating result 2021: €334k€334kNet result 2021: €-210k€-210kOperating result 2022: €488k€488kNet result 2022: €407k€407kOperating result 2023: €750k€750kNet result 2023: €559k€559kOperating result 2024: €245k€245kNet result 2024: €264k€264k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~81% of the level (threshold 35%). We therefore deliberately show no projection line.
€-500k€0€500k€1.00M2018: €317k2019: €312k2020: €-289k2021: €-7772022: €406k2023: €965k2024: €1.22M2018201920202021202220232024
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 49, Land transport · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 63.7% 28.2%
better than 83% of 195 sector peers
Net result €264k €22k
better than 92% of 195 sector peers
Equity €1.22M €176k
better than 89% of 195 sector peers
Gross operating margin €1.36M €404k
better than 83% of 195 sector peers
Staff costs €1.03M €364k
higher than 79% of 151 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€266k
-64.8% 18-24
Net profit
€264k
-52.8% 18-24
Cash flow
€285k
-49.6% 18-24
Total assets
€1.91M
+12.9% 18-24
Equity
€1.22M
+26.0% 18-24
Working capital
€1.11M
+16.0% 18-24
Employees (FTE)
36
+110.6% 18-24
Staff costs
€1.03M
+42.2% 18-24
Income taxes
€98k
-47.8% 18-24
Debt
€693k
-4.4% 18-24
Debt ≤ 1y
€679k
-5.1% 18-24
Debt > 1y
€186k
-35.9% 18-24
Current ratio
2.64
+12.7% 18-24
Quick ratio
2.64
+12.7% 18-24
Solvency
63.7%
+11.6% 18-24
Debt / equity
0.57
-24.1% 18-24
ROE
21.7%
-62.5% 18-24
ROA
13.8%
-58.2% 18-24
Interest coverage
6.95
-72.5% 18-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue-
EBITDA€266k
Net profit€264k
Cash flow€285k
Staff costs€1.03M
Income taxes€98k
Dividends-
Total assets€1.91M
Equity€1.22M
Debt€693k
of which ≤ 1y€679k
of which > 1y-
Working capital€1.11M
Employees (FTE)35.8
Ratios (computed)
2024
Current ratio2.64
Quick ratio2.64
Working capital ratio58.3%
Solvency63.7%
Debt / equity0.57
Long-term debt ratio-
Interest coverage6.95
Gross margin-
Net margin-
ROA13.8%
ROE21.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.91M
Fixed assets 21/28€116k
Intangible fixed assets 21€39k
Tangible fixed assets 22/27€77k
Financial fixed assets 28€0
Current assets 29/58€1.79M
Amounts receivable within one year 40/41€637k
Cash & bank 54/58€1.12M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.91M
Equity 10/15€1.22M
Contributions / capital 10/11€175k
Reserves 13€222k
Accumulated profits (losses) 14€810k
Amounts payable 17/49€693k
Amounts payable within one year 42/48€679k
Trade debts payable within one year 44€357k
Income statement
Gross operating margin 9900€1.36M
Operating result 9901€245k
Financial income 75€10k
Financial charges 65€38k
Result before taxes 9903€339k
Income taxes 67/77€98k
Net result for the period 9904€264k
Result to be appropriated 9905€264k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 5 directors
Directors derived from a single State Gazette act, under verification
All 5 current directors first appear in the same act (25041453). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • Edward GHEBREAL
    Director
    State Gazette act 25041453 (28-03-2025)
    Current
    28-03-2025 → present
    2 events
    • 28-03-2025 Resigned· Director
    • 28-03-2025 Appointed· Director
  • GHD Advisory ServicesLegal entity
    Director· perm. rep.: Gregory HASSID
    State Gazette act 25041453 (28-03-2025)
    Current
    28-03-2025 → present
  • Patrice JANSSENS
    Director
    State Gazette act 25041453 (28-03-2025)
    Current
    28-03-2025 → present
  • Quentin JANSSENS
    Director
    State Gazette act 25041453 (28-03-2025)
    Current
    28-03-2025 → present
  • Serge BESER
    Director
    State Gazette act 25041453 (28-03-2025)
    Current
    28-03-2025 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Diensten voor personenvervoer op aanvraag per voertuig met chauffeur(49330)
Legal form Public limited company(014)
Incorporation03-07-1991
StatusActive
Postal code1830
Establishment units 2 locations
DIRECT WAY
Steenweg Buda 38-44, 1830 Machelen (Brab.)Exploitatie van taxi's
since 20072.160.005.205
Drie Koningenstraat 33, 1180 Ukkel
Personenvervoer over de weg zonder dienstregeling
since 20252.387.079.334
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (66.7%) Brussels 1 (33.3%)
Parcel (capakey) Region Area Buildings Height / fl.
23047A0435/00P009 Flanders 1.2 ha 1 · 6,371 m² 27.9 m · 2 fl.
23047A0435/00P011 Flanders 2,559 m² 1 · 256 m² -
21616G0251/00R010 Brussels 78 m² 1 · 69 m² 12.4 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
18-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
28-03-2025
State Gazette act Director changes
2024
24-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
26-05-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
18-03-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
18-11-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
12-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
12-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
27-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
17-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
25-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
28-03-2025 6 directors appointed, 1 resigning Director changes
  • Edward GHEBREAL, Bestuurder
  • Quentin JANSSENS, Bestuurder
  • Patrice JANSSENS, Bestuurder
  • Serge BESER, Bestuurder
  • Gregory HASSID, Bestuurder
  • Arno Debelle, Gedelegeerd bestuurder
  • Edward GHEBREAL, Bestuurder
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Exploitatie van taxi's49320Diensten voor personenvervoer op aanvraag per voertuig met chauffeur49330Exploitatie van taxi's60220Personenvervoer over de weg zonder dienstregeling49320Overig personenvervoer te land, n.e.g.49390
Primary activity highlighted.
Names & trade names
Legal nameNL DIRECT WAY
AbbreviationFR D.W.
Registered office
Steenweg Buda 42
1830 Machelen (Brab.), Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative