FAIR WAY
ActiveSummary
FAIR WAY has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €45,916. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-23
Solvency87▼-9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 1.78 against 2.74 in 2024; short-term debt: 31.4% and cash: 18.4% of total assets), and 37.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.4%
Return on assets
2.7%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
6 d late
2024
22 d early
2023
13 d early
2022
16 d late
2021
29 d late
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 6 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#9 company by total assets in Jodoigne, Professional and technical services sector#9 company by equity in Jodoigne, Professional and technical services sector
Equity
€1.0m▼ 0.8%
2024 · €1.1m
Total assets
€1.7m▲ 13.3%
2024 · €1.5m
Net result
€45,916▼ 93.2%
2024 · €673,033
Working capital
€414,544▼ 40.5%
2024 · €696,305
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€85,584▼ 25.1%€105,579▲ 23.4%€112,261▲ 6.3%€88,705▼ 21.0%€79,208▼ 10.7%
Net result€51,743within the sector's middle half▼ 32.4%€79,212above the sector's middle half▲ 53.1%€78,069above the sector's middle half▼ 1.4%€673,033above the sector's middle half▲ 762%€45,916within the sector's middle half▼ 93.2%
Equity€345,006above the sector's middle half▼ 11.9%€424,217above the sector's middle half▲ 23.0%€442,259above the sector's middle half▲ 4.3%€1.1mabove the sector's middle half▲ 139%€1.0mabove the sector's middle half▼ 0.8%
Total assets€555,928above the sector's middle half▲ 4.7%€500,371within the sector's middle half▼ 10.0%€523,804above the sector's middle half▲ 4.7%€1.5mabove the sector's middle half▲ 183%€1.7mabove the sector's middle half▲ 13.3%
Debt€210,922▲ 51.5%€76,153▼ 63.9%€81,545▲ 7.1%€426,563▲ 423%€632,411▲ 48.3%
Working capital€103,357within the sector's middle half▼ 32.9%€184,762above the sector's middle half▲ 78.8%€201,642above the sector's middle half▲ 9.1%€696,305above the sector's middle half▲ 245%€414,544above the sector's middle half▼ 40.5%
Solvency62.1%within the sector's middle half▼ 11.7pp84.8%above the sector's middle half▲ 22.7pp84.4%above the sector's middle half▼ 0.3pp71.3%within the sector's middle half▼ 13.2pp62.4%within the sector's middle half▼ 8.9pp
Current ratio1.55within the sector's middle half▼ 0.814.13within the sector's middle half▲ 2.583.95within the sector's middle half▼ 0.182.74within the sector's middle half▼ 1.211.78within the sector's middle half▼ 0.95
Return on assets (ROA)9.3%within the sector's middle half▼ 5.1pp15.8%within the sector's middle half▲ 6.5pp14.9%within the sector's middle half▼ 0.9pp45.3%above the sector's middle half▲ 30.4pp2.7%within the sector's middle half▼ 42.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 has fallen two years in a row; 2025 is 11% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€738,961 ▲ 90.8%
Current assets
€943,233 ▼ 14.0%
Equity and liabilities €1.7m
Equity
€1.0m ▼ 0.8%
Debt
€632,411 ▲ 48.3%
Debt's share of the balance-sheet total rises from 28.7% to 37.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€98,869▼
2024 · €101,334
Cash flow
€65,577▼
2024 · €685,662
Debt to equity
0.60▲
2024 · 0.40
ROE
4.4%▼
2024 · 63.6%
Interest coverage
2.74▲
2024 · 2.14
Debt ≤ 1 year
€528,688▲
2024 · €401,037
Debt > 1 year
€83,533▲
2024 · €9,343
Income taxes
€19,721▼
2024 · €83,343
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 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% | 1.9% |
| 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 6,048 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7,832 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,055 | €6,679 | €5,155 | €12,629 | €19,661 | ▲ 55.7% |
| Other operating charges640/8 | €1,190 | €1,247 | €6,512 | €5,920 | €2,673 | ▼ 54.8% |
| Non-recurring operating charges66A | - | - | - | €3,877 | €0 | ▼ 100% |
| Gross operating margin9900 | €91,829 | €113,505 | €123,928 | €111,132 | €101,542 | ▼ 8.6% |
| Operating profit (loss)9901 | €85,584 | €105,579 | €112,261 | €88,705 | €79,208 | ▼ 10.7% |
| Financial income75/76B | €6,327 | €11,074 | €1,147 | €717,434 | €22,547 | ▼ 96.9% |
| Recurring financial income75 | €6,327 | €11,074 | €1,147 | €1,395 | €22,547 | ▲ 1,517% |
| Non-recurring financial income76B | - | - | - | €716,039 | €0 | ▼ 100% |
| Financial charges65/66B | €6,345 | €1,561 | €4,296 | €49,763 | €36,118 | ▼ 27.4% |
| Recurring financial charges65 | €2,080 | €1,561 | €4,296 | €47,263 | €36,118 | ▼ 23.6% |
| Non-recurring financial charges66B | €4,265 | €0 | - | €2,500 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €85,566 | €115,092 | €109,112 | €756,375 | €65,637 | ▼ 91.3% |
| Income taxes67/77 | €33,823 | €35,880 | €31,043 | €83,343 | €19,721 | ▼ 76.3% |
| Profit (loss) for the period9904 | €51,743 | €79,212 | €78,069 | €673,033 | €45,916 | ▼ 93.2% |
| Transfer from tax-exempt reserves789 | €31,000 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €82,743 | €79,212 | €78,069 | €673,033 | €45,916 | ▼ 93.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €555,928 | €500,371 | €523,804 | €1.5m | €1.7m | ▲ 13.3% |
| Fixed assets21/28 | €263,211 | €256,532 | €253,828 | €387,322 | €738,961 | ▲ 90.8% |
| Tangible fixed assets22/27 | €30,357 | €23,678 | €20,974 | €376,242 | €581,318 | ▲ 54.5% |
| Land and buildings22 | €19,608 | €15,704 | €17,288 | €372,952 | €578,425 | ▲ 55.1% |
| Furniture and vehicles24 | €10,749 | €7,974 | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | €3,686 | €3,290 | €2,893 | ▼ 12.1% |
| Financial fixed assets28 | €232,854 | €232,854 | €232,854 | €11,080 | €157,643 | ▲ 1,323% |
| Current assets29/58 | €292,717 | €243,838 | €269,976 | €1.1m | €943,233 | ▼ 14.0% |
| Amounts receivable within one year40/41 | €186,286 | €98,177 | €64,783 | €77,686 | €93,193 | ▲ 20.0% |
| Trade receivables40 | €18,003 | €8,042 | €27,783 | €20,686 | €28,955 | ▲ 40.0% |
| Other amounts receivable41 | €168,283 | €90,135 | €37,000 | €57,000 | €64,238 | ▲ 12.7% |
| Current investments50/53 | - | - | - | - | €504,686 | - |
| Cash at bank and in hand54/58 | €100,986 | €143,635 | €178,119 | €992,202 | €309,185 | ▼ 68.8% |
| Deferred charges and accrued income490/1 | €5,445 | €2,026 | €27,075 | €27,453 | €36,169 | ▲ 31.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €555,928 | €500,371 | €523,804 | €1.5m | €1.7m | ▲ 13.3% |
| Equity10/15 | €345,006 | €424,217 | €442,259 | €1.1m | €1.0m | ▼ 0.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €332,606 | €411,817 | €429,859 | €1.0m | €1.0m | ▼ 0.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €330,746 | €409,957 | €429,859 | €1.0m | €1.0m | ▼ 0.8% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €210,922 | €76,153 | €81,545 | €426,563 | €632,411 | ▲ 48.3% |
| Amounts payable after more than one year17 | €20,944 | €17,077 | €13,210 | €9,343 | €83,533 | ▲ 794% |
| Financial debts170/4 | €20,944 | €17,077 | €13,210 | €9,343 | €83,533 | ▲ 794% |
| Amounts payable within one year42/48 | €189,360 | €59,076 | €68,335 | €401,037 | €528,688 | ▲ 31.8% |
| Current portion of amounts payable after more than one year42 | €3,867 | €3,867 | €3,867 | €3,867 | €14,210 | ▲ 267% |
| Financial debts43 | - | - | €6,306 | €6,356 | €6,750 | ▲ 6.2% |
| Credit institutions430/8 | - | - | €6,306 | €6,356 | €6,750 | ▲ 6.2% |
| Trade debts44 | €20,745 | €3,514 | €8,481 | €2,279 | €68,352 | ▲ 2,899% |
| Suppliers440/4 | €20,745 | €3,514 | €8,481 | €2,279 | €68,352 | ▲ 2,899% |
| Taxes, remuneration and social security45 | €66,262 | €51,696 | €38,682 | €82,326 | €68,091 | ▼ 17.3% |
| Taxes450/3 | €66,262 | €51,696 | €38,682 | €82,326 | €68,091 | ▼ 17.3% |
| Other amounts payable47/48 | €98,485 | €0 | €10,998 | €306,209 | €371,285 | ▲ 21.3% |
| Accrued charges and deferred income492/3 | €619 | €0 | - | €16,183 | €20,190 | ▲ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,743 | €79,212 | €78,069 | €673,033 | €45,916 | ▼ 93.2% |
| + Depreciation and write-downs630 | €5,055 | €6,679 | €5,155 | €12,629 | €19,661 | ▲ 55.7% |
| Operating cash flow (approximation) | €56,798 | €85,890 | €83,224 | €685,662 | €65,577 | ▼ 90.4% |
| Investment in fixed assets (approximation) | - | €0 | -€2,451 | -€146,124 | -€371,300 | ▼ 154% |
| Change in cash | - | €42,649 | €34,484 | €814,084 | -€683,018 | ▼ 184% |
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
23-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
23-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
23-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
18-08
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
18-08
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
18-08
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
18-08
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Weakest financial yearnet €45,916 ▼93.2%
Net result drops to €45,916, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €673,033 ▲762%
Net result €673,033, the highest in the series.
31-12
Financial
Equity above €1mEq €1.1m ▲139%
7 profitable years in a row build equity to €1.1m.
Show earlier events
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 4.13
Current ratio from 1.55 to 4.13; short-term debt falls from €189,360 to €59,076.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
14-07
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
01-07
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
05-02
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 122 days late
26-10
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose
2012
30-04
State Gazette act
Board meeting · Director appointment
Director resignation · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Jodoigne · 1 establishment unit since 2011
Ground area
759 m²
Building footprint
62 m²
Volume, LiDAR
433 m³
Parcel 25064B0603/00K000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FAIR WAY
since 20112.196.342.591
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25064B0603/00K000 | Wallonia | 759 m² | 1 · 62 m² | 8.4 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
50%
-
25%
According to the 2025 annual accounts of FAIR WAY and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
VERDIN Julien
Shared director
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Ownership & control
7 board mandatesBoard mandates of this companythis company sits on their board7
13 locations
12 locations
6 locations
5 locations
3 locations
3 locations
Show 1 more
1 location
Recognitions · licences · registrations
Legal Entity Identifier
894500LJ3IIZLKNFCM27
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,623. 27,347 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
Founded11-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833786264
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.