p.v.Way
Activep.v.Way has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103k and a net result of €16k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 84% of 17046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+10
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 4.9 against 8.23 in 2024; short-term debt: 10.2% and cash: 11.9% of total assets), and 12.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
87.3%
Return on assets
13.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €103k
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
11 d late
2023
69 d late
2022
125 d early
2021
61 d early
2020
22 d early
2019
66 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€103k▲ 10.8%
2024 · €93k
2018: €106k
2019: €105k
2020: €112k
2021: €121k
2022: €92k
2023: €86k
2024: €93k
2018 → 2025
Total assets
€118k▲ 7.4%
2024 · €110k
2018: €122k
2019: €116k
2020: €118k
2021: €130k
2022: €144k
2023: €137k
2024: €110k
2018 → 2025
Net result
€16k▲ 158%
2024 · €6k
2018: €181
2019: €-797
2020: €6k
2021: €9k
2022: €-10k
2023: €-6k
2024: €6k
2018 → 2025
Working capital
€47k▼ 13.5%
2024 · €54k
2018: €99k
2019: €41k
2020: €60k
2021: €76k
2022: €49k
2023: €52k
2024: €54k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€121k-€92k▼ 23.5%€86k▼ 6.3%€93k▲ 7.3%€103k▲ 10.8%
Operating result€13k-€-12k€-4k▲ 63.9%€10k€25k▲ 152%
Net result€9k-€-10k€-6k▲ 43.5%€6k€16k▲ 158%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 152% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118k
Fixed assets
€59k▲ 22.7%
Current assets
€59k▼ 4.5%
Equity and liabilities €118k
Equity
€103k▲ 10.8%
Debt
€15k▼ 11.3%
The debt ratio falls from 15.4% to 12.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▲
2024 · €24k
Cash flow
€32k▲
2024 · €20k
Solvency
87.3%▲
2024 · 84.6%
Current ratio
4.90▼
2024 · 8.23
Quick ratio
4.90▼
2024 · 8.23
Debt / equity
0.15▼
2024 · 0.18
ROE
15.9%▲
2024 · 6.8%
ROA
13.9%▲
2024 · 5.8%
Interest coverage
90.84▲
2024 · 44.26
Debt
€15k▼
2024 · €17k
Debt ≤ 1 year
€12k▲
2024 · €8k
Debt > 1 year
€3k▼
2024 · €9k
Income taxes
€8k▲
2024 · €1k
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€110k€118k▲
Fixed assets21/28€48k€59k▲
Intangible fixed assets21€26k€20k▼
Tangible fixed assets22/27€22k€33k▲
Plant, machinery and equipment23-€11k
Furniture and vehicles24€21k€20k▼
Other tangible fixed assets26€1k€2k▲
Financial fixed assets28-€5k
Current assets29/58€62k€59k▼
Amounts receivable within one year40/41€35k€20k▼
Trade receivables40€35k€17k▼
Other amounts receivable41-€3k
Current investments50/53€23k€25k▲
Cash at bank and in hand54/58€3k€14k▲
Equity and liabilities
Total equity and liabilities10/49€110k€118k▲
Equity10/15€93k€103k▲
Contributions10/11€19k€19k=
Reserves13€23k€33k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€21k€33k▲
Profit (loss) carried forward14€51k€51k▲
Amounts payable17/49€17k€15k▼
Amounts payable after more than one year17€9k€3k▼
Financial debts170/4€6k€3k▼
Other amounts payable178/9€3k-
Amounts payable within one year42/48€8k€12k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€2k€459▼
Taxes450/3€2k€459▼
Other amounts payable47/48-€6k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€16k▲
Other operating charges640/8€504€400▼
Gross operating margin9900€24k€42k▲
Operating profit (loss)9901€10k€25k▲
Financial income75/76B-€69
Recurring financial income75-€69
Financial charges65/66B€3k€454▼
Recurring financial charges65€535€454▼
Non-recurring financial charges66B€2k-
Profit (loss) for the period before taxes9903€7k€25k▲
Income taxes67/77€1k€8k▲
Profit (loss) for the period9904€6k€16k▲
Profit (loss) for the period to be appropriated9905€6k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€57k€67k▲
Profit (loss) brought forward from the previous period14P€51k€51k=
Transfer from equity791/2-€6k
Transfer to equity691/2-€16k
To other reserves6921-€16k
Profit to be distributed694/7€6k€6k▲
Return on contributions (dividend)694€6k€6k▲
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €16k ▲158%
Operating result €25k, net result €16k, both a record.
31-12
Financial
Equity above €100kEq €103k ▲10.8%
2 profitable years in a row build equity to €103k.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 8.23
Current ratio from 3.07 to 8.23; short-term debt falls from €25k to €8k.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-10k ▼218%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
19-01-2024
Resigned as Managing director
Location & real-estate footprint
Registered office, Wavre · 2 establishment units since 2001
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.
Avenue Emile Verhaeren 71300 WavreGround area
917 m²
Building footprint
166 m²
Volume, LiDAR
971 m³
Parcel 25772H0069/00A011, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Avenue Emile Verhaeren 7, 1300 Wavre
since 20012.079.646.742
Makers LLN
since 20262.384.464.490
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772H0069/00A011 | Wallonia | 917 m² | 1 · 166 m² | 7.8 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.
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Of 16,887 companies in sector 62100 we hold annual accounts for 8,777. 6,949 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-1996
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.