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Complete company report
Generated 25-07-2026
Active BE 0764.519.752Private limited company

DROP WAY

Assesteenweg 116 ·1740 Ternat, Belgium· 5 yrs active
Sector: Wholesale trade (46711)
Conclusion Checked

The computed 12-month bankruptcy probability of DROP WAY is 2.9% (moderate). The 2024 annual accounts show negative equity (€-6k) and a net result of €-816. Its solvency ranks better than 15% of 3331 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €-6k
Net result €-816
Better than sector 15%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health30Profitability66Solvency39Growth58Stability94
57 / 100

Mixed profile: strong on stability, weaker on health.

Health 30
Profitability 66
Solvency 39
Growth 58
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.9% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Annual accounts: weaker financial profile +Higher-failure-rate sector +

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 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
30 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 11-08-2025 with the NBB · fiscal year 2024 · micro
€-2k€-1k€-500€0Operating result 2021: €-1k€-1kNet result 2021: €-1k€-1kOperating result 2024: €-816€-816Net result 2024: €-816€-81620212024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -30.1% 25.2%
better than 15% of 3331 sector peers
Net result €-816 €4k
better than 36% of 3319 sector peers
Equity €-6k €23k
better than 20% of 3338 sector peers
Gross operating margin €-255 €19k
better than 25% of 3305 sector peers
Total assets €21k €105k
better than 15% of 3336 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-672
- far below sector median
Net profit
€-816
+31.5% far below sector median
Cash flow
€-672
- far below sector median
Total assets
€21k
+440.7% -97% vs sector
Equity
€-6k
- far below sector median
Working capital
€-6k
- far below sector median
Debt
€27k
- -95% vs sector
Debt ≤ 1y
€27k
- -95% vs sector
Current ratio
0.76
- -41% vs sector
Quick ratio
0.76
- +4% vs sector
Solvency
-30.1%
- far below sector median
Debt / equity
-4.32
- far below sector median
ROE
13.1%
- far above sector median
ROA
-4.0%
+87.3% far below sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€-672
Net profit€-816
Cash flow€-672
Staff costs-
Income taxes-
Dividends-
Total assets€21k
Equity€-6k
Debt€27k
of which ≤ 1y€27k
of which > 1y-
Working capital€-6k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.76
Quick ratio0.76
Working capital ratio-31.2%
Solvency-30.1%
Debt / equity-4.32
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-4.0%
ROE13.1%
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€21k
Fixed assets 21/28€220
Financial fixed assets 28€220
Current assets 29/58€20k
Amounts receivable within one year 40/41€20k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€21k
Equity 10/15€-6k
Contributions / capital 10/11€5k
Accumulated profits (losses) 14€-11k
Amounts payable 17/49€27k
Amounts payable within one year 42/48€27k
Trade debts payable within one year 44€5k
Income statement
Gross operating margin 9900€-255
Operating result 9901€-816
Result before taxes 9903€-816
Net result for the period 9904€-816
Result to be appropriated 9905€-816
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Wholesale trade(46711)
Legal form Private limited company(610)
Incorporation02-03-2021
StatusActive
Postal code1740
Establishment units 1 location
DROP WAY
Schapenbaan 12, 1731 AsseHandelsbemiddeling in auto's en lichte bestelwagens (= 3,5 ton)
since 20212.317.350.784
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 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23068B0213/00F004 Flanders 1.5 ha 1 · 4,166 m² 7.0 m · 2 fl.
23086A0354/00N002 Flanders 259 m² 1 · 73 m² 9.9 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

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

2025
11-08-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
02-05-2024
State Gazette act Registered-office change
05-03-2024
State Gazette act Capital & shares
2023
23-02-2023
State Gazette act Registered-office change
JEOUIT Belkacem
2022
30-09-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
17-05-2022
State Gazette act Capital & shares
Belgisch Staatsblad, acts 4 acts
Capital history · 2
05-03-2024
Capital change
17-05-2022
Capital change
Address history · 2
02-05-2024
Registered-office move
23-02-2023
Registered-office move
All acts · 4 updated 2 years ago
2024
02-05-2024 Registered office moved from ASSE to Ternat Registered-office change
  • SCHAPENBAAN 12, 1731 ASSE → Assesteenweg 116А, 1740 Ternat
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Assesteenweg 116\u0410, 1740 Ternat",
        "city": "Ternat",
        "region": "vlaams_gewest",
        "street": "Assesteenweg",
        "country": "BE",
        "postcode": "1740",
        "box_number": "A",
        "street_number": "116",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "SCHAPENBAAN 12, 1731 ASSE",
        "city": "ASSE",
        "region": "vlaams_gewest",
        "street": "SCHAPENBAAN",
        "country": "BE",
        "postcode": "1731",
        "box_number": null,
        "street_number": "12",
        "locality_suffix": null
      },
      "effective_date": "2024-04-22",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-05-02",
    "filing_date": "2024-04-23",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "enig_aandeelhouder_schriftelijk",
    "date": "2024-04-22",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0764.519.752",
    "name_full": "DROP WAY",
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "R\u0027kiouak Azamat Abdelmajid",
    "org_rep_person_name": null,
    "person_role_at_subject": "BESTUURDER"
  },
  "co_filed_documents": [
    "Bijlagen bij het Belgisch Staatsblad - 02/05/2024 - Annexes du Moniteur belge"
  ]
}
05-03-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "De Heer R\u0027KIOUAK Azamat Abdelmajid",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 100,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
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      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": null,
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2024-02-26",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-11-20"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0764.519.752",
    "name_full": "DROP WAY",
    "legal_form": "Besloten Vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": 100.0,
      "kind": "person",
      "name": "De Heer R\u0027KIOUAK Azamat Abdelmajid",
      "role": "Bestuurder",
      "n_shares": 100,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": 0.0,
      "kind": "person",
      "name": "De heer JEOUIT Belkacem",
      "role": null,
      "n_shares": 0,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
2023
23-02-2023 Registered office moved from Haaltert to RELEGEM Registered-office change·JEOUIT Belkacem
  • Ninovestraat (ET) 169, 9450 Haaltert → 1731 RELEGEM, Schapenbaan n° 12
Notary: JEOUIT Belkacem · Luik
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "1731 RELEGEM, Schapenbaan n\u00B0 12",
        "city": "RELEGEM",
        "region": null,
        "street": "Schapenbaan",
        "country": "BE",
        "postcode": null,
        "box_number": null,
        "street_number": "12",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Ninovestraat (ET) 169,\n9450 Haaltert",
        "city": "Haaltert",
        "region": "vlaams_gewest",
        "street": "Ninovestraat",
        "country": "BE",
        "postcode": "9450",
        "box_number": null,
        "street_number": "169",
        "locality_suffix": "(ET)"
      },
      "effective_date": null,
      "evidence_quote": "",
      "region_changed": true,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "immediate",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": true,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": "JEOUIT Belkacem",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Luik",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-02-23",
    "filing_date": "2023-02-14",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2022-10-01",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0764.519.752",
    "name_full": "DROP WAY",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "JEOUIT Belkacem",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [
    "na neerlegging van de akte ter griffie"
  ]
}
2022
17-05-2022 All shares are now held by a single shareholder Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "AYDIN Muhudin",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 100,
          "contribution_amount_eur": null
        },
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "JEOUIT Belkacem",
          "share_class": null,
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        }
      ],
      "decrease_purpose": null,
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      "paid_up_delta_eur": null,
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      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_class_creation",
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      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
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      "not_yet_called_eur": null,
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      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_class_creation",
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      "not_yet_called_eur": null,
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      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2022-05-17",
    "filing_date": "2022-05-09",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "raad_van_bestuur",
    "act_date": "2022-05-01",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0764.519.752",
    "name_full": "DROP WAY",
    "legal_form": "BV",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
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    "person_name": null,
    "org_rep_person_name": null,
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  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "AYDIN Muhudin",
      "role": "BESTUURDER",
      "n_shares": 0,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "JEOUIT Belkacem",
      "role": "BESTUURDER",
      "n_shares": 100,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)45111Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)46711Handelsbemiddeling in auto's en lichte bestelwagens (= 3,5 ton)45112Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)45113Handelsbemiddeling in de groothandel in andere specifieke goederen46180Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811
Primary activity highlighted.
Names & trade names
Legal nameFR DROP WAY
Registered office
Assesteenweg 116 bus A
1740 Ternat, 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