Summary
kayway is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €45,000 and a net result of €37,948. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 8211 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-09-2025, 128 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
128 d early
2024
156 d early
2023
41 d early
2022
40 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 91 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 8 November (3 of the last 4 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€45,000▼ 64.2%
2024 · €125,861
Net result
€37,948▼ 10.9%
2024 · €42,585
Total assets
€171,498▲ 8.8%
2024 · €157,585
Solvency
26.2%▼ 53.6pp
2024 · 79.9%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€67,018-€57,539▼ 14.1%€55,597▼ 3.4%€49,133▼ 11.6%
Net result€53,300within the sector's middle half-€44,976within the sector's middle half▼ 15.6%€42,585within the sector's middle half▼ 5.3%€37,948within the sector's middle half▼ 10.9%
Equity€58,300within the sector's middle half-€103,276within the sector's middle half▲ 77.1%€125,861within the sector's middle half▲ 21.9%€45,000within the sector's middle half▼ 64.2%
Total assets€72,871below the sector's middle half-€109,340below the sector's middle half▲ 50.0%€157,585within the sector's middle half▲ 44.1%€171,498within the sector's middle half▲ 8.8%
Debt€14,571-€6,064▼ 58.4%€31,724▲ 423%€126,498▲ 299%
Working capital€49,995within the sector's middle half-€86,096within the sector's middle half▲ 72.2%€111,410within the sector's middle half▲ 29.4%€34,765within the sector's middle half▼ 68.8%
Solvency80.0%above the sector's middle half-94.5%above the sector's middle half▲ 14.4pp79.9%above the sector's middle half▼ 14.6pp26.2%within the sector's middle half▼ 53.6pp
Current ratio4.43above the sector's middle half-15.20above the sector's middle half▲ 10.774.51above the sector's middle half▼ 10.681.27within the sector's middle half▼ 3.24
Return on assets (ROA)73.1%above the sector's middle half-41.1%above the sector's middle half▼ 32.0pp27.0%above the sector's middle half▼ 14.1pp22.1%within the sector's middle half▼ 4.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 three years in a row; 2025 is 12% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171,498
Fixed assets
€10,235 ▼ 29.2%
Current assets
€161,263 ▲ 12.7%
Equity and liabilities €171,498
Equity
€45,000 ▼ 64.2%
Debt
€126,498 ▲ 299%
Debt's share of the balance-sheet total rises from 20.1% to 73.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
84.3%▲
2024 · 33.8%
Debt ≤ 1 year
€126,498▲
2024 · €31,724
Income taxes
€11,127▼
2024 · €12,961
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €996 | €2,676 | €4,519 | €4,216 | ▼ 6.7% |
| Other operating charges640/8 | €62 | €378 | €375 | €422 | ▲ 12.5% |
| Non-recurring operating charges66A | - | - | €516 | - | - |
| Gross operating margin9900 | €68,076 | €60,593 | €61,006 | €53,771 | ▼ 11.9% |
| Operating profit (loss)9901 | €67,018 | €57,539 | €55,597 | €49,133 | ▼ 11.6% |
| Financial income75/76B | - | €1 | - | - | - |
| Recurring financial income75 | - | €1 | - | - | - |
| Financial charges65/66B | €28 | €64 | €50 | €57 | ▲ 14.8% |
| Recurring financial charges65 | €28 | €64 | €50 | €57 | ▲ 14.8% |
| Profit (loss) for the period before taxes9903 | €66,990 | €57,476 | €55,547 | €49,076 | ▼ 11.6% |
| Income taxes67/77 | €13,690 | €12,500 | €12,961 | €11,127 | ▼ 14.2% |
| Profit (loss) for the period9904 | €53,300 | €44,976 | €42,585 | €37,948 | ▼ 10.9% |
| Profit (loss) for the period to be appropriated9905 | €53,300 | €44,976 | €42,585 | €37,948 | ▼ 10.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €72,871 | €109,340 | €157,585 | €171,498 | ▲ 8.8% |
| Fixed assets21/28 | €8,304 | €17,180 | €14,451 | €10,235 | ▼ 29.2% |
| Tangible fixed assets22/27 | €8,304 | €17,180 | €14,451 | €10,235 | ▼ 29.2% |
| Plant, machinery and equipment23 | €1,794 | €1,640 | €872 | €217 | ▼ 75.1% |
| Furniture and vehicles24 | €6,510 | €15,540 | €11,979 | €8,418 | ▼ 29.7% |
| Other tangible fixed assets26 | - | - | €1,600 | €1,600 | = |
| Current assets29/58 | €64,567 | €92,160 | €143,134 | €161,263 | ▲ 12.7% |
| Amounts receivable within one year40/41 | €18,422 | €23,404 | €17,829 | €26,418 | ▲ 48.2% |
| Trade receivables40 | €18,422 | €20,904 | €15,791 | €17,545 | ▲ 11.1% |
| Other amounts receivable41 | - | €2,500 | €2,039 | €8,873 | ▲ 335% |
| Current investments50/53 | - | - | - | €70,000 | - |
| Cash at bank and in hand54/58 | €44,638 | €65,575 | €123,023 | €64,419 | ▼ 47.6% |
| Deferred charges and accrued income490/1 | €1,506 | €3,181 | €2,282 | €427 | ▼ 81.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €72,871 | €109,340 | €157,585 | €171,498 | ▲ 8.8% |
| Equity10/15 | €58,300 | €103,276 | €125,861 | €45,000 | ▼ 64.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €53,300 | €98,276 | €120,861 | €40,000 | ▼ 66.9% |
| Distributable reserves133 | €53,300 | €98,276 | €120,861 | €40,000 | ▼ 66.9% |
| Amounts payable17/49 | €14,571 | €6,064 | €31,724 | €126,498 | ▲ 299% |
| Amounts payable within one year42/48 | €14,571 | €6,064 | €31,724 | €126,498 | ▲ 299% |
| Trade debts44 | €1,064 | €2,528 | €2,008 | €2,053 | ▲ 2.2% |
| Suppliers440/4 | €1,064 | €2,528 | €2,008 | €2,053 | ▲ 2.2% |
| Taxes, remuneration and social security45 | €8,584 | €2,612 | €12,881 | €22,557 | ▲ 75.1% |
| Taxes450/3 | €8,584 | €2,612 | €12,881 | €22,557 | ▲ 75.1% |
| Other amounts payable47/48 | €4,924 | €924 | €16,835 | €101,889 | ▲ 505% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,300 | €44,976 | €42,585 | €37,948 | ▼ 10.9% |
| + Depreciation and write-downs630 | €996 | €2,676 | €4,519 | €4,216 | ▼ 6.7% |
| Operating cash flow (approximation) | €54,296 | €47,652 | €47,104 | €42,165 | ▼ 10.5% |
| Investment in fixed assets (approximation) | - | -€11,551 | -€1,790 | €0 | ▲ 100% |
| Change in cash | - | €20,937 | €57,448 | -€58,604 | ▼ 202% |
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
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €37,948 ▼10.9%
Net result drops to €37,948, the lowest in the series.
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 15.20
Current ratio from 4.43 to 15.20; short-term debt falls from €14,571 to €6,064.
30-06
Financial
Equity above €100,000Eq €103,276 ▲77.1%
2 profitable years in a row build equity to €103,276.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Zwalm · 1 establishment unit since 2021
Ground area
899 m²
Building footprint
140 m²
Volume, LiDAR
1,013 m³
Parcel 45046B0049/00R000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
kayway
since 20212.320.826.255
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45046B0049/00R000 | Flanders | 899 m² | 1 · 140 m² | 11.3 m · 3 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.
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Of 24,721 companies in this sector we hold annual accounts for 19,804. 10,102 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded25-08-2021
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
63910Web portal activities
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0772864524
Also
9925:BE0772864524
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.