FA-WAY
ActiveFA-WAY has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €-139k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 4122 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▲+2
Solvency3▼-8
Growth68=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.54 in 2024), and 95.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eleven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
4.2%
Return on assets
-12.7%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€139k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 4122 sector peers (2025).
NBB · sector comparisonPosition among 4122 sector peers
Solvency
better than 15%
← weakest
strongest →
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
24 d early
2023
29 d late
2022
41 d early
2021
11 d late
2020
18 d early
2019
56 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€3.52M▲ 1.4%
2024 · €3.47M
2018: €597k
2019: €478k
2020: €463k
2021: €801k
2022: €1.59M
2023: €1.75M
2024: €3.47M
2018 → 2025
EBIT margin
-3.3%▲ 4.2pp
2024 · -7.5%
2018: -0.8%
2019: -10.6%
2020: 7.5%
2021: 2.8%
2022: 6.5%
2023: 30.3%
2024: -7.5%
2018 → 2025
Net result
€-139k▲ 56.8%
2024 · €-322k
2018: €-11k
2019: €-53k
2020: €34k
2021: €32k
2022: €73k
2023: €413k
2024: €-322k
2018 → 2025
Working capital
€-547k▼ 12.0%
2024 · €-488k
2018: €2k
2019: €-53k
2020: €-15k
2021: €13k
2022: €87k
2023: €481k
2024: €-488k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€801k-€1.59M▲ 98.5%€1.75M▲ 9.8%€3.47M▲ 98.6%€3.52M▲ 1.4%
Equity€21k-€94k▲ 344%€506k▲ 439%€185k▼ 63.5%€46k▼ 75.1%
Operating result€22k-€104k▲ 370%€529k▲ 410%€-261k€-116k▲ 55.7%
Net result€32k-€73k▲ 129%€413k▲ 467%€-322k€-139k▲ 56.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €116k in 2025 against €261k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.09M
Fixed assets
€593k▼ 11.9%
Current assets
€499k▼ 13.9%
Equity and liabilities €1.09M
Equity
€46k▼ 75.1%
Debt
€1.05M▼ 2.1%
The debt ratio rises from 85.2% to 95.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-12k▲
2024 · €-158k
Cash flow
€-35k▲
2024 · €-219k
Solvency
4.2%▼
2024 · 14.8%
Current ratio
0.48▼
2024 · 0.54
Quick ratio
0.43▼
2024 · 0.43
Debt / equity
22.70▲
2024 · 5.77
ROE
-301.3%▼
2024 · -173.9%
ROA
-12.7%▲
2024 · -25.7%
Interest coverage
-4.07▼
2024 · -2.58
Debt
€1.05M▼
2024 · €1.07M
Debt ≤ 1 year
€1.05M▼
2024 · €1.07M
Income taxes
€20k
Staff costs
€923k▼
2024 · €991k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.25M€1.09M▼
Fixed assets21/28€673k€593k▼
Intangible fixed assets21€600k€554k▼
Tangible fixed assets22/27€73k€38k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€73k€36k▼
Financial fixed assets28€270€270=
Current assets29/58€580k€499k▼
Stocks and contracts in progress3€115k€49k▼
Stocks30/36€115k€49k▼
Amounts receivable within one year40/41€242k€314k▲
Trade receivables40€209k€265k▲
Other amounts receivable41€33k€49k▲
Cash at bank and in hand54/58€219k€130k▼
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.25M€1.09M▼
Equity10/15€185k€46k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€117k€-22k▼
Amounts payable17/49€1.07M€1.05M▼
Amounts payable within one year42/48€1.07M€1.05M▼
Trade debts44€971k€972k▲
Suppliers440/4€971k€972k▲
Taxes, remuneration and social security45€96k€57k▼
Taxes450/3€10k€4k▼
Remuneration and social security454/9€86k€53k▼
Other amounts payable47/48€674€17k▲
Income statement
Code20242025
Turnover70€3.47M€3.52M▲
Goods, raw materials, services and sundry goods60/61€2.62M€2.59M▼
Remuneration, social security and pensions62€991k€923k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€104k▲
Other operating charges640/8€14k€14k▼
Gross operating margin9900€847k€925k▲
Operating profit (loss)9901€-261k€-116k▲
Financial income75/76B€768-
Recurring financial income75€768-
Financial charges65/66B€61k€3k▼
Recurring financial charges65€61k€3k▼
Profit (loss) for the period before taxes9903€-322k€-119k▲
Income taxes67/77-€20k
Profit (loss) for the period9904€-322k€-139k▲
Profit (loss) for the period to be appropriated9905€-322k€-139k▲
Appropriation of the result
Profit (loss) to be appropriated9906€117k€-22k▼
Profit (loss) brought forward from the previous period14P€438k€117k▼
Social balance
Average headcount (FTE)908724.424.6▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-322k ▼178%
Net result drops to €-322k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €413k ▲467%
Operating result €529k, net result €413k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.34
Current ratio from 1.44 to 4.34; short-term debt falls from €199k to €144k.
31-12
Financial
Equity above €500kEq €506k ▲439%
4 profitable years in a row build equity to €506k.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 11 days late
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €34k
Net result €34k after 2 loss-making years.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Manage · 2 establishment units since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Z.A.S. du Scailmont sn7170 ManageGround area
1.4 ha
Building footprint
4,269 m²
Volume, LiDAR
26,556 m³
Parcel 53065A0467/00K005, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
L'ETAL
since 19952.071.124.994
L'ETAL
since 20242.354.141.597
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53065A0467/00K005 | Wallonia | 1.4 ha | 1 · 4,269 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesManage2.071.124.994
Quaregnon2.354.141.597
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Of 3,812 companies in sector 47210 we hold annual accounts for 958. 779 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-03-1995
Fiscal year end31-12
Activities, NACEBEL
47210Retail sale of fruit and vegetables
47761Retail sale of flowers, plants, seeds and fertilisers
52483
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.