FastWay Logistics

Active

Private limited companyfounded 201214 yrs activeRue Charles Borremans 6, 1430 Rebecq, BelgiumKBO/BCE: BE 0848.442.469

FastWay Logistics has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-10k) and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

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Checked score

Score 2024

44 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability64▼-5

Solvency7▲+4

Growth50▼-2

Track record100

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.81 against 0.78 in 2023; short-term debt: 117.7% and cash: 7.9% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 2024

Solvency, return and age of the figures

Solvency

-17.7%

Return on assets

5.9%

Age of the figures

21 mo

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 →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 26043 sector peers (2024).

NBB · sector comparison

Position among 26043 sector peers

Solvency

better than 17%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

41 d early

2023

100 d early

2022

82 d early

2021

62 d early

2020

22 d early

2019

11 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€101k▼ 8.7%

2023 · €111k

2018: €98k 2019: €99k 2020: €64k 2021: €47k 2022: €152k 2023: €111k

2018 → 2024

EBIT margin

3.7%▼ 1.8pp

2023 · 5.5%

2018: -2.2% 2019: 3.4% 2020: -16.8% 2021: -5.4% 2022: -4.7% 2023: 5.5%

2018 → 2024

Net result

€3k▼ 42.5%

2023 · €6k

2018: €-2k 2019: €3k 2020: €-11k 2021: €-3k 2022: €-7k 2023: €6k

2018 → 2024

Working capital

€-13k▲ 22.9%

2023 · €-17k

2018: €-3k 2019: €585 2020: €-12k 2021: €-15k 2022: €-22k 2023: €-17k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€64k-€47k▼ 27.5%€152k▲ 225%€111k▼ 27.1%€101k▼ 8.7%

Equity€-9k-€-12k▼ 32.8%€-20k▼ 58.6%€-14k▲ 30.4%€-10k▲ 25.1%

Operating result€-11k-€-3k▲ 76.6%€-7k▼ 180%€6k€4k▼ 38.3%

Net result€-11k-€-3k▲ 72.6%€-7k▼ 137%€6k€3k▼ 42.5%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 38% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €57k

95.2%

Fixed assets €3k▼ 13.7%

Current assets €55k▼ 8.5%

Key figures and ratios

2024 value · change against 2023

EBITDA

€5k▼

2023 · €7k

Cash flow

€5k▼

2023 · €7k

Solvency

-17.7%▲

2023 · -21.6%

Current ratio

0.81▲

2023 · 0.78

Quick ratio

0.07▼

2023 · 0.19

Debt / equity

-6.63▼

2023 · -5.63

ROA

5.9%▼

2023 · 9.4%

Interest coverage

13.90▼

2023 · 41.82

Debt

€68k▼

2023 · €77k

Debt ≤ 1 year

€68k▼

2023 · €77k

Staff costs

€36k▲

2023 · €31k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€63k€57k▼

Fixed assets21/28€3k€3k▼

Tangible fixed assets22/27€2k€1k▼

Furniture and vehicles24€2k€1k▼

Financial fixed assets28€1k€1k=

Current assets29/58€60k€55k▼

Stocks and contracts in progress3€45k€50k▲

Stocks30/36€45k€50k▲

Amounts receivable within one year40/41€14k€126▼

Trade receivables40€10k-

Other amounts receivable41€4k€126▼

Cash at bank and in hand54/58€951€5k▲

Equity and liabilities

Total equity and liabilities10/49€63k€57k▼

Equity10/15€-14k€-10k▲

Contributions10/11€30k€30k=

Capital10€30k€30k=

Issued capital100€30k€30k=

Profit (loss) carried forward14€-44k€-40k▲

Amounts payable17/49€77k€68k▼

Amounts payable within one year42/48€77k€68k▼

Financial debts43-€2k

Other loans439-€2k

Trade debts44€77k€58k▼

Suppliers440/4€77k€58k▼

Taxes, remuneration and social security45-€8k

Taxes450/3-€2k

Remuneration and social security454/9-€5k

Income statement Code20232024

Turnover70€111k€101k▼

Non-recurring operating income76A-€2k

Goods, raw materials, services and sundry goods60/61€71k€61k▼

Remuneration, social security and pensions62€31k€36k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€986€1k▲

Other operating charges640/8€710€700▼

Gross operating margin9900€39k€42k▲

Operating profit (loss)9901€6k€4k▼

Financial charges65/66B€170€353▲

Recurring financial charges65€170€353▲

Profit (loss) for the period before taxes9903€6k€3k▼

Profit (loss) for the period9904€6k€3k▼

Profit (loss) for the period to be appropriated9905€6k€3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-44k€-40k▲

Profit (loss) brought forward from the previous period14P€-50k€-44k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 3Gazette 1Filings 10

2026

20-03

State Gazette act Purpose · Statutes amendment · Legal-form change · Resignations & appointments

General meeting · Name change · Purpose change13 facts ▸

General meeting, 16/03/2026
Name change, FastWay Logistics
Purpose change, La société a pour objet, tant en Belgique qu’à l’étranger, pour compte propre ou compte de tiers ou en participation avec ceux-ci : En principal - l’exploitatio…
Statutes amendment
Reserve release, 30000.00 EUR
Capital, €30.000
Number of shares, 100
Director resignation, BALTAG Claudia (gérant)
Director appointment, BALTAG Claudia (administrateur non statutaire)
Mandate compensation, BALTAG Claudia
Director discharge, BALTAG Claudia
Corporate purpose, La société a pour objet, tant en Belgique qu’à l’étranger, pour compte propre ou compte de tiers ou en participation avec ceux-ci : En principal - l’exploitatio…
+1 further facts in this act

2025

20-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

22-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €6k

Net result €6k after 3 loss-making years.

10-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

30-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

09-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Weakest financial yearnet €-11k ▼458%

Net result drops to €-11k, the lowest in the series; recovery starts the following year.

20-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Back to profitnet €3k

Net result €3k after one loss-making year.

22-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

01-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 1 day late

05-02

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 189 days late

2016

26-09

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 57 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

20-03-2026 Resigned as Gérant

16-03-2026 Appointed as Administrateur non statutaire

Location & real-estate footprint

Registered office, Rebecq · 1 establishment unit since 2012

establishment The establishment unit on the map

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.

Rue Charles Borremans 61430 Rebecq

Ground area

1,957 m²

Building footprint

165 m²