GODWAY

Active

Private limited companyfounded 20215 yrs activePatriottenstraat 98, 1000 Brussel, BelgiumKBO/BCE: BE 0761.385.959

Summary

The computed 12-month bankruptcy probability of GODWAY is 9.4% (elevated). The 2024 annual accounts show equity of €90,336 and a net result of €16,183. Equity is growing by ~38.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 6718 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Risk analysisWatch Report Compare

GODWAYActiveChecked score 33/100

Risk analysis Report Compare

Activity

Freight transport by road

NACE 49410

1 site

Size

€366,431total assets 2024

Equity: €90,336
Profit: €16,183

Turnover not published (abridged schema)

Financial health

33 Weak Checked score 2024

Bankruptcy chance 12 m: 9.4%

Structure

Accounts 64 d overdue0 of 2 deeds read

Why 33- 1 financial year not filed after the legal deadline; latest accounts 60 days late; 2 of the last 3 late- Ex-officio strike-off in the KBO- Sector Land transport and transport via pipelines (NACE 49)- Figures for FY 2024 (filed 30-09-2025)Show the evidence

Checked score

Score 2024

33 / 100

Weak

Probability in this band: 4.2% to 15.0%

Better than 42% of its sector peers (NACE 49, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2023

Average

Solvency 50-17

equity 24.7% of total assets

Liquidity 13-26

short-term debt 75.3% · cash 2.7%

Profitability 74-15

return on assets 4.4%

Bankruptcy probability, 12 months

9.4% Elevated

0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (8,991 companies)

Last 24 months 11-2024: 6.3% 12-2024: 6.3%● 0.0% vs 11-2024 01-2025: 6.2%▼ -1.9% vs 12-2024 02-2025: 6.2%● 0.0% vs 01-2025 03-2025: 6.2%▼ -0.5% vs 02-2025lowest value 04-2025: 7.1%▲ +14.2% vs 03-2025 05-2025: 8.3%▲ +18.1% vs 04-2025 06-2025: 8.7%▲ +4.3% vs 05-2025 07-2025: 8.7%● 0.0% vs 06-2025 08-2025: 10.0%▲ +15.0% vs 07-2025 09-2025: 10.4%▲ +4.0% vs 08-2025 10-2025: 12.8%▲ +22.7% vs 09-2025 11-2025: 12.8%● 0.0% vs 10-2025 12-2025: 12.5%▼ -1.7% vs 11-2025 01-2026: 13.0%▲ +3.4% vs 12-2025 02-2026: 13.0%● 0.0% vs 01-2026 03-2026: 12.9%▼ -0.4% vs 02-2026 04-2026: 12.5%▼ -3.5% vs 03-2026 05-2026: 12.9%▲ +3.3% vs 04-2026 06-2026: 13.3%▲ +2.9% vs 05-2026highest value 07-2026: 7.7%▼ -41.8% vs 06-2026 08-2026: 8.5%▲ +10.2% vs 07-2026 09-2026: 8.6%▲ +1.1% vs 08-2026 10-2026: 9.4%▲ +9.1% vs 09-2026

1 financial year not filed after the legal deadline; latest accounts 60 days late; 2 of the last 3 late raises the probability
Ex-officio strike-off in the KBO raises the probability
Sector Land transport and transport via pipelines (NACE 49) raises the probability
Figures for FY 2024 (filed 30-09-2025) raises the probability

Credit up to €2,500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.18 against 1.23 in 2023; short-term debt: 75.3% and cash: 2.7% of total assets), and 75.3% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 49, micro). Better than this share of them on solvency 36%, liquidity 11%, profitability 53%, growth against the median 68%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

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

+raises risk○neutral

1 financial year not filed after the legal deadline; latest accounts 60 days late; 2 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Ex-officio strike-off in the KBO

In the bankruptcy model this factor raises the probability.

KBO publications

Sector Land transport and transport via pipelines (NACE 49)

In the bankruptcy model this factor raises the probability.

KBO

Figures for FY 2024 (filed 30-09-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

60 d late

2023

18 d late

2022

91 d late

2021

32 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 34 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Administrative warnings in the KBO publications

1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.

KBO publications

Publications

UBO non-compliance