Objectway
ActiveObjectway has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.14M and a net result of €16k. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 43% of 1397 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
78
/ 100
Excellent▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▼-57
Solvency66▲+17
Growth34▼-18
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.58 in 2024), but 69.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
30.4%
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 01-12-2025, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
61 d early
2024
227 d late
2023
62 d early
2022
60 d early
2021
62 d early
2020
65 d early
2019
44 d early
← 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 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€13.24M▼ 3.6%
2024 · €13.74M
2019: €12.34M
2020: €11.49M
2021: €11.25M
2022: €10.02M
2023: €10.82M
2024: €13.74M
2019 → 2025
EBIT margin
0.7%▼ 7.4pp
2024 · 8.0%
2019: 9.2%
2020: 4.8%
2021: 10.6%
2022: 6.5%
2023: 2.8%
2024: 8.0%
2019 → 2025
Net result
€16k▼ 98.7%
2024 · €1.20M
2019: €989k
2020: €490k
2021: €835k
2022: €815k
2023: €120k
2024: €1.20M
2019 → 2025
Working capital
€2.55M▼ 9.1%
2024 · €2.81M
2019: €2.06M
2020: €3.39M
2021: €4.19M
2022: €3.86M
2023: €3.85M
2024: €2.81M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.25M-€10.02M▼ 10.9%€10.82M▲ 7.9%€13.74M▲ 27.0%€13.24M▼ 3.6%
Equity€3.49M-€2.30M▼ 34.0%€2.42M▲ 5.2%€2.12M▼ 12.4%€2.14M▲ 0.8%
Operating result€1.19M-€649k▼ 45.3%€308k▼ 52.6%€1.10M▲ 258%€88k▼ 92.1%
Net result€835k-€815k▼ 2.4%€120k▼ 85.3%€1.20M▲ 899%€16k▼ 98.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 92% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.03M
Fixed assets
€1.37M▲ 32.4%
Current assets
€5.66M▼ 26.3%
Equity and liabilities €7.03M
Equity
€2.14M▲ 0.8%
Debt
€4.89M▼ 25.8%
The debt ratio falls from 75.7% to 69.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€489k▼
2024 · €1.36M
Cash flow
€417k▼
2024 · €1.46M
Solvency
30.4%▲
2024 · 24.3%
Current ratio
1.82▲
2024 · 1.58
Quick ratio
1.82▲
2024 · 1.58
Debt / equity
2.29▼
2024 · 3.11
ROE
0.7%▼
2024 · 56.5%
ROA
0.2%▼
2024 · 13.7%
Interest coverage
7.55▼
2024 · 99.27
Debt
€4.89M▼
2024 · €6.60M
Debt ≤ 1 year
€3.11M▼
2024 · €4.88M
Income taxes
€118k▼
2024 · €319k
Staff costs
€5.01M▼
2024 · €5.56M
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€8.72M€7.03M▼
Fixed assets21/28€1.03M€1.37M▲
Intangible fixed assets21€881k€1.25M▲
Tangible fixed assets22/27€53k€23k▼
Plant, machinery and equipment23€53k€23k▼
Financial fixed assets28€100k€100k=
Affiliated companies280/1€100k€100k=
Participating interests280€100k€100k=
Current assets29/58€7.68M€5.66M▼
Amounts receivable within one year40/41€3.69M€2.87M▼
Trade receivables40€1.21M€2.04M▲
Other amounts receivable41€2.48M€830k▼
Cash at bank and in hand54/58€2.93M€2.22M▼
Deferred charges and accrued income490/1€1.06M€572k▼
Equity and liabilities
Total equity and liabilities10/49€8.72M€7.03M▼
Equity10/15€2.12M€2.14M▲
Contributions10/11€1.50M€1.50M=
Capital10€1.50M€1.50M=
Issued capital100€1.50M€1.50M=
Reserves13€422k€621k▲
Non-distributable reserves130/1€150k€150k=
Legal reserve130€150k€150k=
Distributable reserves133€272k€471k▲
Profit (loss) carried forward14€199k€16k▼
Amounts payable17/49€6.60M€4.89M▼
Amounts payable within one year42/48€4.88M€3.11M▼
Trade debts44€2.36M€1.61M▼
Suppliers440/4€2.36M€1.61M▼
Advances received on contracts in progress46€103k€238k▲
Taxes, remuneration and social security45€1.42M€1.26M▼
Taxes450/3€383k€306k▼
Remuneration and social security454/9€1.03M€956k▼
Other amounts payable47/48€1.00M-
Accrued charges and deferred income492/3€1.72M€1.78M▲
Income statement
Code20242025
Operating income70/76A€14.82M€13.99M▼
Turnover70€13.74M€13.24M▼
Own construction capitalised72€1.06M€734k▼
Other operating income74€16k€12k▼
Operating charges60/66A€13.71M€13.90M▲
Goods for resale, raw materials and consumables60€4.93M€5.12M▲
Purchases600/8€4.93M€5.12M▲
Services and other goods61€2.96M€3.37M▲
Remuneration, social security and pensions62€5.56M€5.01M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€258k€401k▲
Other operating charges640/8€10k€9k▼
Operating profit (loss)9901€1.10M€88k▼
Financial income75/76B€428k€111k▼
Recurring financial income75€428k€111k▼
Income from current assets751€144k€62k▼
Other financial income752/9€284k€49k▼
Financial charges65/66B€14k€65k▲
Recurring financial charges65€14k€65k▲
Other financial charges652/9€14k€65k▲
Profit (loss) for the period before taxes9903€1.52M€134k▼
Income taxes67/77€319k€118k▼
Taxes670/3€426k€118k▼
Tax adjustments and reversals of tax provisions77€107k-
Profit (loss) for the period9904€1.20M€16k▼
Profit (loss) for the period to be appropriated9905€1.20M€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.40M€215k▼
Profit (loss) brought forward from the previous period14P€197k€199k▲
Transfer from equity791/2€303k-
From reserves792€303k-
Transfer to equity691/2-€199k
To other reserves6921-€199k
Profit to be distributed694/7€1.50M-
Return on contributions (dividend)694€1.50M-
Social balance
Average headcount (FTE)908739.736.7▼
The notes to these accounts (38 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
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 227 days late
30-06
Financial
Weakest financial yearnet €16k ▼98.7%
Net result drops to €16k, the lowest in the series.
2024
30-06
Financial
Highest result since 2019net €1.20M ▲899%
Net result €1.20M, the highest in the series.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
02-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
27 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, Mechelen · 1 establishment unit since 2006
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.
Zandvoortstraat 45C2800 MechelenGround area
3,845 m²
Building footprint
1,741 m²
Volume, LiDAR
8,264 m³
Parcel 12402A0054/00D000, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Objectway nv
since 20062.154.750.971
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0054/00D000 | Flanders | 3,845 m² | 1 · 1,741 m² | 6.1 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.
Structure & network
Group per the LEI register
1 parent companyParent company:OBJECTWAY S.P.A.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,457 EUR awarded · 1,457 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,457 EUR | 1,457 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
529900CDVX1I2RS2S106
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Of 16,868 companies in sector 62100 we hold annual accounts for 8,779. 2,562 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-05-2006
Fiscal year end30-06
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.