Mayway Records
ActiveMayway Records has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93k and a net result of €650. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 45% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-7
Solvency54▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.4 in 2024; short-term debt: 65.5% and cash: 1.6% of total assets), and 71.4% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 47
higher
← 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
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
28.6%
Return on assets
0.2%
Age of the figures
15 mo
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 30-01-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
8 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€93k▲ 0.7%
2024 · €93k
2023: €75k
2024: €93k
2023 → 2025
Total assets
€326k▲ 7.5%
2024 · €304k
2023: €288k
2024: €304k
2023 → 2025
Net result
€650▼ 96.4%
2024 · €18k
2023: €59k
2024: €18k
2023 → 2025
Working capital
€62k▼ 27.1%
2024 · €85k
2023: €67k
2024: €85k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€75k-€93k▲ 23.8%€93k▲ 0.7%
Operating result€89k-€27k▼ 69.2%€1k▼ 95.4%
Net result€59k-€18k▼ 69.9%€650▼ 96.4%
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 95% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €326k
Fixed assets
€51k▲ 543%
Current assets
€276k▼ 6.8%
Equity and liabilities €326k
Equity
€93k▲ 0.7%
Debt
€233k▲ 10.4%
The debt ratio rises from 69.4% to 71.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4k▼
2024 · €29k
Cash flow
€4k▼
2024 · €20k
Solvency
28.6%▼
2024 · 30.6%
Current ratio
1.29▼
2024 · 1.40
Quick ratio
0.88▼
2024 · 1.14
Debt / equity
2.49▲
2024 · 2.27
ROE
0.7%▼
2024 · 19.2%
ROA
0.2%▼
2024 · 5.9%
Interest coverage
6.77▼
2024 · 87.15
Debt
€233k▲
2024 · €211k
Debt ≤ 1 year
€214k▲
2024 · €211k
Debt > 1 year
€19k
Income taxes
€0▼
2024 · €10k
Staff costs
€66k▼
2024 · €73k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€304k€326k▲
Fixed assets21/28€8k€51k▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€6k€49k▲
Furniture and vehicles24€6k€49k▲
Other tangible fixed assets26€486€0▼
Current assets29/58€296k€276k▼
Stocks and contracts in progress3€55k€88k▲
Stocks30/36€55k€88k▲
Amounts receivable within one year40/41€148k€168k▲
Trade receivables40€148k€168k▲
Cash at bank and in hand54/58€90k€5k▼
Deferred charges and accrued income490/1€3k€15k▲
Equity and liabilities
Total equity and liabilities10/49€304k€326k▲
Equity10/15€93k€93k▲
Contributions10/11€5k€5k=
Reserves13€88k€88k=
Distributable reserves133€88k€88k=
Profit (loss) carried forward14-€650
Amounts payable17/49€211k€233k▲
Amounts payable after more than one year17-€19k
Financial debts170/4-€19k
Amounts payable within one year42/48€211k€214k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€59k€38k▼
Suppliers440/4€58k€38k▼
Bills of exchange payable441€911-
Advances received on contracts in progress46€3k€0▼
Taxes, remuneration and social security45€36k€16k▼
Taxes450/3€17k€2k▼
Remuneration and social security454/9€19k€14k▼
Other amounts payable47/48€112k€155k▲
Accrued charges and deferred income492/3€0€183▲
Income statement
Code20242025
Remuneration, social security and pensions62€73k€66k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€507€10k▲
Non-recurring operating charges66A€691€387▼
Gross operating margin9900€104k€80k▼
Operating profit (loss)9901€27k€1k▼
Financial income75/76B€726€7▼
Recurring financial income75€726€7▼
Financial charges65/66B€337€616▲
Recurring financial charges65€337€616▲
Profit (loss) for the period before taxes9903€28k€650▼
Income taxes67/77€10k€0▼
Profit (loss) for the period9904€18k€650▼
Profit (loss) for the period to be appropriated9905€18k€650▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€650▼
Transfer to equity691/2€18k€0▼
To other reserves6921€18k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €650 ▼96.4%
Net result drops to €650, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kortrijk · 1 establishment unit since 2009
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.
Meiweg(Kor) 388500 KortrijkGround area
776 m²
Building footprint
134 m²
Volume, LiDAR
848 m³
Parcel 34022E0207/00M003, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mayway Records
since 20092.183.354.786
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0207/00M003 | Flanders | 776 m² | 1 · 133 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 30,574 EUR awarded · 30,574 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 23,574 EUR | 23,574 EUR |
| 2022 | 1 | 7,000 EUR | 7,000 EUR |
Schemes
Professionele kunsten: Projectsubsidie voor de internationale presentatie van een kunstproductie (Kunstendecreet 2021)
Subsidies voor internationaal ondernemen
Hinderpremie bij openbare werken
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Of 3,227 companies in sector 47400 we hold annual accounts for 1,806. 1,457 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-2009
Fiscal year end30-06
Activities, NACEBEL
47400Retail sale of information and communication equipment
47430Retail trade
74901Other professional, scientific and technical activities
74991Agents and managers of artists, athletes and other public figures
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.https://maywayrecords.com/
E-mail:tony@maywayrecords.com