FREEWAY
ActiveSummary
The annual accounts of FREEWAY for fiscal year 2025 show a net loss of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €19,178 and a net result of -€23,666. Equity is shrinking by ~21.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 15% of 10519 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▲+4
Solvency29▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.0 against 0.14 in 2024; short-term debt: 95.6% and cash: 0% of total assets), and 95.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
4.4%
Return on assets
-5.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€23,666
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 10519 sector peers (2025).
NBB · sector comparisonPosition among 10519 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
30 d early
2022
3 d early
2021
2 d early
2020
30 d late
2019
31 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 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€19,178▼ 55.2%
2024 · €42,844
Total assets
€438,498▼ 13.7%
2024 · €507,845
Net result
-€23,666▼ 22.5%
2024 · -€19,327
Working capital
-€419,294▼ 56.7%
2024 · -€267,572
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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-€28,152-€18,587▲ 34.0%-€24,060▼ 29.4%-€19,327▲ 19.7%-€23,278▼ 20.4%
Net result-€28,235below the sector's middle half-€18,004below the sector's middle half▲ 36.2%-€24,138below the sector's middle half▼ 34.1%-€19,327below the sector's middle half▲ 19.9%-€23,666below the sector's middle half▼ 22.5%
Equity€104,313within the sector's middle half▼ 21.3%€86,310below the sector's middle half▼ 17.3%€62,172below the sector's middle half▼ 28.0%€42,844below the sector's middle half▼ 31.1%€19,178below the sector's middle half▼ 55.2%
Total assets€538,528within the sector's middle half▼ 3.3%€524,544within the sector's middle half▼ 2.6%€516,519within the sector's middle half▼ 1.5%€507,845below the sector's middle half▼ 1.7%€438,498within the sector's middle half▼ 13.7%
Debt€434,214▲ 2.3%€438,235▲ 0.9%€454,347▲ 3.7%€465,001▲ 2.3%€419,319▼ 9.8%
Working capital-€278,685below the sector's middle half▼ 2.4%-€272,463below the sector's middle half▲ 2.2%-€272,439below the sector's middle half=-€267,572below the sector's middle half▲ 1.8%-€419,294below the sector's middle half▼ 56.7%
Solvency19.4%within the sector's middle half▼ 4.4pp16.5%below the sector's middle half▼ 2.9pp12.0%below the sector's middle half▼ 4.4pp8.4%below the sector's middle half▼ 3.6pp4.4%below the sector's middle half▼ 4.1pp
Current ratio0.01below the sector's middle half▲ 0.010.05below the sector's middle half▲ 0.040.10below the sector's middle half▲ 0.050.14below the sector's middle half▲ 0.050.00below the sector's middle half▼ 0.14
Return on assets (ROA)-5.2%below the sector's middle half▼ 19.2pp-3.4%below the sector's middle half▲ 1.8pp-4.7%below the sector's middle half▼ 1.2pp-3.8%below the sector's middle half▲ 0.9pp-5.4%below the sector's middle half▼ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,278 in 2025 against €19,327 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €438,498
Fixed assets
€438,472 ▼ 5.2%
Current assets
€25 ▼ 99.9%
Equity and liabilities €438,498
Equity
€19,178 ▼ 55.2%
Debt
€419,319 ▼ 9.8%
Debt's share of the balance-sheet total rises from 91.6% to 95.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€916▼
2024 · €4,867
Cash flow
€528▼
2024 · €4,867
Debt to equity
21.86▲
2024 · 10.85
ROE
-123.4%▼
2024 · -45.1%
Interest coverage
2.36
Debt ≤ 1 year
€419,319▲
2024 · €312,751
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,037 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
2.9%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,037 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,071 | €24,194 | €24,194 | €24,194 | €24,194 | = |
| Other operating charges640/8 | €3,596 | €3,673 | €4,274 | €4,422 | €4,801 | ▲ 8.6% |
| Gross operating margin9900 | -€485 | €9,280 | €4,408 | €9,288 | €5,717 | ▼ 38.4% |
| Operating profit (loss)9901 | -€28,152 | -€18,587 | -€24,060 | -€19,327 | -€23,278 | ▼ 20.4% |
| Financial income75/76B | €0 | €664 | - | - | - | - |
| Recurring financial income75 | €0 | €664 | - | - | - | - |
| Financial charges65/66B | €83 | €81 | €78 | - | €388 | - |
| Recurring financial charges65 | €83 | €81 | €78 | - | €388 | - |
| Profit (loss) for the period before taxes9903 | -€28,235 | -€18,004 | -€24,138 | -€19,327 | -€23,666 | ▼ 22.5% |
| Profit (loss) for the period9904 | -€28,235 | -€18,004 | -€24,138 | -€19,327 | -€23,666 | ▼ 22.5% |
| Profit (loss) for the period to be appropriated9905 | -€28,235 | -€18,004 | -€24,138 | -€19,327 | -€23,666 | ▼ 22.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €538,528 | €524,544 | €516,519 | €507,845 | €438,498 | ▼ 13.7% |
| Fixed assets21/28 | €535,248 | €511,054 | €486,860 | €462,666 | €438,472 | ▼ 5.2% |
| Tangible fixed assets22/27 | €535,248 | €511,054 | €486,860 | €462,666 | €438,472 | ▼ 5.2% |
| Land and buildings22 | €533,143 | €509,444 | €485,746 | €462,048 | €438,350 | ▼ 5.1% |
| Plant, machinery and equipment23 | - | - | €0 | €0 | €0 | - |
| Furniture and vehicles24 | €2,105 | €1,610 | €1,114 | €618 | €123 | ▼ 80.2% |
| Current assets29/58 | €3,280 | €13,490 | €29,659 | €45,179 | €25 | ▼ 99.9% |
| Amounts receivable within one year40/41 | €2,417 | €12,517 | €29,385 | €44,968 | - | - |
| Trade receivables40 | €1,187 | €12,345 | €29,385 | €43,905 | - | - |
| Other amounts receivable41 | €1,230 | €172 | - | €1,063 | - | - |
| Cash at bank and in hand54/58 | €863 | €973 | €274 | €211 | €25 | ▼ 87.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €538,528 | €524,544 | €516,519 | €507,845 | €438,498 | ▼ 13.7% |
| Equity10/15 | €104,313 | €86,310 | €62,172 | €42,844 | €19,178 | ▼ 55.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Revaluation surpluses12 | €143,984 | €137,984 | €131,984 | €125,984 | €119,984 | ▼ 4.8% |
| Reserves13 | €7,876 | €13,876 | €19,876 | €25,876 | €31,876 | ▲ 23.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €6,016 | €12,016 | €19,876 | €25,876 | €31,876 | ▲ 23.2% |
| Profit (loss) carried forward14 | -€59,947 | -€77,950 | -€102,088 | -€121,416 | -€145,082 | ▼ 19.5% |
| Amounts payable17/49 | €434,214 | €438,235 | €454,347 | €465,001 | €419,319 | ▼ 9.8% |
| Amounts payable after more than one year17 | €152,250 | €152,250 | €152,250 | €152,250 | - | - |
| Financial debts170/4 | €152,250 | €152,250 | €152,250 | €152,250 | - | - |
| Amounts payable within one year42/48 | €281,964 | €285,953 | €302,097 | €312,751 | €419,319 | ▲ 34.1% |
| Current portion of amounts payable after more than one year42 | €21,750 | €21,750 | €21,750 | €21,750 | - | - |
| Financial debts43 | €250,000 | €250,000 | €250,000 | €250,000 | - | - |
| Credit institutions430/8 | €250,000 | €250,000 | €250,000 | €250,000 | - | - |
| Trade debts44 | €455 | - | - | - | - | - |
| Suppliers440/4 | €455 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €3,316 | - | €1,254 | - |
| Taxes450/3 | - | - | €3,316 | - | €1,254 | - |
| Other amounts payable47/48 | €9,759 | €14,203 | €27,031 | €41,001 | €418,065 | ▲ 920% |
| Accrued charges and deferred income492/3 | - | €32 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,235 | -€18,004 | -€24,138 | -€19,327 | -€23,666 | ▼ 22.5% |
| + Depreciation and write-downs630 | €24,071 | €24,194 | €24,194 | €24,194 | €24,194 | = |
| Operating cash flow (approximation) | -€4,163 | €6,190 | €56 | €4,867 | €528 | ▼ 89.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €110 | -€699 | -€63 | -€185 | ▼ 194% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€28,235
Net result drops to -€28,235, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Back to profitnet €77,582
Net result €77,582 after 2 loss-making years.
31-12
Financial
Equity above €100,000Eq €132,549
Equity rises from -€95,033 to €132,549.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Lanaken · 1 establishment unit since 2008
Ground area
1.2 ha
Building footprint
3,821 m²
Volume, LiDAR
30,539 m³
2 parcels, Flanders · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Freeway BVBA
since 20082.172.510.186
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73042C0294/00C000 | Flanders | 1.1 ha | 1 · 3,600 m² | 9.1 m · 3 fl. |
| 73060C0035/00K000 | Flanders | 682 m² | 1 · 221 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,127 companies in sector 47830 we hold annual accounts for 467. 247 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
Founded11-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47830Retail sale of motorcycles and motorcycle parts and accessories
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
46713Wholesale trade
46720Wholesale of motor vehicle parts and accessories
46730Wholesale trade
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.