DISTRIWAY
ActiveSummary
The computed 12-month bankruptcy probability of DISTRIWAY is 2.9% (moderate). The 2025 annual accounts show equity of €65,144 and a net result of -€7,924. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 88% of 4735 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-88
Solvency100▲+11
Growth61▼-17
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 6.01 against 2.77 in 2024; short-term debt: 16.6% and cash: 14.7% of total assets), and 16.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.4%
Return on assets
-10.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
32 d early
2024
43 d late
2023
69 d late
2022
29 d late
2021
60 d late
2020
60 d 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 38 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€135,986▲ 17.1%
2023 · €116,133
EBIT margin
34.2%▲ 8.2pp
2023 · 26.0%
Net result
-€7,924
2024 · €37,318
Working capital
€65,144▼ 10.8%
2024 · €73,069
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€115,849▲ 43.1%€115,362▼ 0.4%€116,133▲ 0.7%€135,986▲ 17.1%
Operating result€20,207▼ 8.3%€23,865▲ 18.1%€30,145▲ 26.3%€46,497▲ 54.2%-€7,906
Net result€17,220within the sector's middle half▼ 4.7%€21,275within the sector's middle half▲ 23.5%€27,183above the sector's middle half▲ 27.8%€37,318above the sector's middle half▲ 37.3%-€7,924below the sector's middle half
EBIT margin17.4%▼ 9.8pp20.7%▲ 3.2pp26.0%▲ 5.3pp34.2%▲ 8.2pp
Equity€27,293within the sector's middle half▲ 81.1%€38,568within the sector's middle half▲ 41.3%€50,750within the sector's middle half▲ 31.6%€73,069within the sector's middle half▲ 44.0%€65,144within the sector's middle half▼ 10.8%
Total assets€56,229within the sector's middle half▲ 11.3%€56,408within the sector's middle half▲ 0.3%€73,053within the sector's middle half▲ 29.5%€114,377within the sector's middle half▲ 56.6%€78,144within the sector's middle half▼ 31.7%
Debt€28,936▼ 18.4%€17,840▼ 38.3%€22,303▲ 25.0%€41,309▲ 85.2%€12,999▼ 68.5%
Working capital€27,293within the sector's middle half▲ 81.1%€38,568within the sector's middle half▲ 41.3%€50,750within the sector's middle half▲ 31.6%€73,069above the sector's middle half▲ 44.0%€65,144above the sector's middle half▼ 10.8%
Solvency48.5%within the sector's middle half▲ 18.7pp68.4%above the sector's middle half▲ 19.8pp69.5%above the sector's middle half▲ 1.1pp63.9%within the sector's middle half▼ 5.6pp83.4%above the sector's middle half▲ 19.5pp
Current ratio1.94within the sector's middle half▲ 0.523.16above the sector's middle half▲ 1.223.28above the sector's middle half▲ 0.112.77above the sector's middle half▼ 0.516.01above the sector's middle half▲ 3.24
Return on assets (ROA)30.6%above the sector's middle half▼ 5.1pp37.7%above the sector's middle half▲ 7.1pp37.2%above the sector's middle half▼ 0.5pp32.6%above the sector's middle half▼ 4.6pp-10.1%below the sector's middle half▼ 42.8pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,906 after €46,497 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €78,144
Equity
€65,144 ▼ 10.8%
Debt
€12,999 ▼ 68.5%
Debt's share of the balance-sheet total falls from 36.1% to 16.6%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.20▼
2024 · 0.57
ROE
-12.2%▼
2024 · 51.1%
Debt ≤ 1 year
€12,999▼
2024 · €41,309
Staff costs
€189
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,592 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €115,849 | €115,362 | €116,133 | €135,986 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €95,251 | €91,121 | €85,468 | €89,047 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €189 | - |
| Other operating charges640/8 | €392 | €376 | €520 | €441 | €2,338 | ▲ 430% |
| Gross operating margin9900 | €20,599 | €24,241 | €30,665 | €46,938 | -€5,379 | ▼ 111% |
| Operating profit (loss)9901 | €20,207 | €23,865 | €30,145 | €46,497 | -€7,906 | ▼ 117% |
| Financial income75/76B | - | - | €380 | - | - | - |
| Recurring financial income75 | - | - | €380 | - | - | - |
| Financial charges65/66B | - | - | €15 | €252 | €18 | ▼ 92.8% |
| Recurring financial charges65 | - | - | €15 | €252 | €18 | ▼ 92.8% |
| Profit (loss) for the period before taxes9903 | €20,207 | €23,865 | €30,510 | €46,245 | -€7,924 | ▼ 117% |
| Income taxes67/77 | €2,987 | €2,590 | €3,327 | €8,927 | - | - |
| Profit (loss) for the period9904 | €17,220 | €21,275 | €27,183 | €37,318 | -€7,924 | ▼ 121% |
| Profit (loss) for the period to be appropriated9905 | €17,220 | €21,275 | €27,183 | €37,318 | -€7,924 | ▼ 121% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56,229 | €56,408 | €73,053 | €114,377 | €78,144 | ▼ 31.7% |
| Current assets29/58 | €56,229 | €56,408 | €73,053 | €114,377 | €78,144 | ▼ 31.7% |
| Amounts receivable within one year40/41 | €53,257 | €56,408 | €60,448 | €101,379 | €66,694 | ▼ 34.2% |
| Trade receivables40 | €49,293 | €49,539 | €51,939 | €65,451 | €49,356 | ▼ 24.6% |
| Other amounts receivable41 | €3,964 | €6,869 | €8,508 | €35,928 | €17,338 | ▼ 51.7% |
| Cash at bank and in hand54/58 | €2,973 | - | €12,606 | €12,999 | €11,450 | ▼ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56,229 | €56,408 | €73,053 | €114,377 | €78,144 | ▼ 31.7% |
| Equity10/15 | €27,293 | €38,568 | €50,750 | €73,069 | €65,144 | ▼ 10.8% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Capital10 | €2,000 | - | - | - | - | - |
| Issued capital100 | €2,000 | - | - | - | - | - |
| Reserves13 | - | - | - | €22,318 | €22,318 | = |
| Distributable reserves133 | - | - | - | €22,318 | €22,318 | = |
| Profit (loss) carried forward14 | €25,293 | €36,568 | €48,750 | €48,750 | €40,826 | ▼ 16.3% |
| Amounts payable17/49 | €28,936 | €17,840 | €22,303 | €41,309 | €12,999 | ▼ 68.5% |
| Amounts payable within one year42/48 | €28,936 | €17,840 | €22,303 | €41,309 | €12,999 | ▼ 68.5% |
| Financial debts43 | - | €1 | - | - | - | - |
| Credit institutions430/8 | - | €1 | - | - | - | - |
| Trade debts44 | €3,386 | €2,058 | €2,467 | €13,727 | €4,072 | ▼ 70.3% |
| Suppliers440/4 | €3,386 | €2,058 | €2,467 | €13,727 | €4,072 | ▼ 70.3% |
| Taxes, remuneration and social security45 | €7,978 | €5,781 | €4,836 | €12,582 | €8,927 | ▼ 29.0% |
| Taxes450/3 | €7,978 | €5,781 | €3,964 | €8,927 | €8,927 | = |
| Remuneration and social security454/9 | - | - | €872 | €3,655 | - | - |
| Other amounts payable47/48 | €17,572 | €10,000 | €15,000 | €15,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,220 | €21,275 | €27,183 | €37,318 | -€7,924 | ▼ 121% |
| Operating cash flow (approximation) | €17,220 | €21,275 | €27,183 | €37,318 | -€7,924 | ▼ 121% |
| Change in cash | - | - | - | €393 | -€1,549 | ▼ 494% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€7,924
Net result drops to -€7,924, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 6.01
Current ratio from 2.77 to 6.01; short-term debt falls from €41,309 to €12,999.
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
31-12
Financial
Highest result since 2020net €37,318 ▲37.3%
Operating result €46,497, net result €37,318, both a record.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ravels
Ground area
441 m²
Building footprint
138 m²
Volume, LiDAR
923 m³
Parcel 13035A0016/00L003, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13035A0016/00L003 | Flanders | 441 m² | 1 · 138 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2023 · 1 entry · 270 EUR awarded · 396 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 270 EUR | 396 EUR |
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Of 12,573 companies in sector 49410 we hold annual accounts for 8,200. 6,164 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741522933
Also
9925:BE0741522933
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.