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The Short Way

Active
Private limited companyfounded 1987active for 39 yearsMechelsesteenweg 29, 2018 Antwerpen, BelgiumKBO/BCE: BE 0430.400.183
Summary

The Short Way has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €510,410 and a net result of €11,931. Equity has been stable since 2019 (±2.2% per year). Its solvency ranks better than 85% of 9,829 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 04-02-1987 Normal situation
Activity
Wholesale of clothing, excluding workwear and underwear NACE 46423and 1 other
Joint committees
100 Aanvullend Paritair Comité voor de werklieden
201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 30-09-2025
Establishment unit
2.033.691.013 2018 Antwerpen, since 18-02-1987
Financial year end
30 September
Peppol
Reachable since 03-10-2025

Board and ownership

Board

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-09-2025
Gross margin
€265,198
▼ 15.2%
Turnover
≈ €1.3m
estimated
Profit
€11,931
Equity
€510,410
▲ 2.4%
Total assets
€630,222
▼ 12.8%
Employees on 30-09-2025
4
=
Filed on 23-04-2026, 7 days before the deadline
Score breakdownlowers riskFounded in 1987Equity €510,410 (81.0% of total assets)Figures for financial year 2025 (filed on 25-04-2026)Size: 2.6 FTE, total assets €630,222Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 63% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency 100+6
equity 81.0% of total assets
Liquidity 52+8
short-term debt 16.9% · cash 5.3%
Profitability 71+55
return on assets 1.9%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.4%▲ +0.2 percentage points vs 04-2025highest value 06-2025: 0.1%▼ -0.3 percentage points vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.1%▼ -0.1 percentage points vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.82 (2.88 in 2024), above the usual 1.5. Short-term debt is 16.9% and cash 5.3% of total assets. 19% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 57% on liquidity, 56% on profitability and 49% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 1987
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €510,410 (81.0% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 25-04-2026)
NBB · annual accounts
lowers risk · Size: 2.6 FTE, total assets €630,222
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 days early
2024
6 days late
2023
on the day
2022
3 days early
2021
1 day early
2020
28 days early
2019
30 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end01-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 84% of companies in wholesale tradesector median 43.0% · 9,829 companies 81.0% View

Recent changes

  1. · Gazette deed Change of role: DE MOL Margot Michèle Marie, from manager to director
  2. · Gazette deed Incorporation
All 17 events

Comparable companies

These companies have the same main activity as The Short Way: wholesale of clothing, excluding workwear and underwear (NACE 46423). They are comparable in size and age: total assets between €373,000 and €1.2m, founded between 1975 and 2000.

CompanyTotal assetsGross margin
The Short Way Antwerpen€0.6m€0.3m
NOURATEX Lokeren€0.5m€0.2m
LEODEL Jodoigne€0.4m€0.2m
RITS AGENCY Sint-Pieters-Woluwe€0.5m€0.3m
LINEA VERDE Elsene€1.2m€0.3m
SOBRUNOL Knokke-Heist€0.4m€0.2m
ENES Antwerpen€0.9m€0.3m
Full comparison

Key facts about The Short Way

What is the company number of The Short Way?
The company number of The Short Way is 0430.400.183. The VAT number is the same number with BE in front: BE 0430.400.183.
Where is The Short Way based?
The registered office is at Mechelsesteenweg 29, 2018 Antwerpen.Company details
What does The Short Way do?
According to the KBO register, the main activity is wholesale of clothing, excluding workwear and underwear (NACE 46423).
What is the legal form of The Short Way?
The legal form of The Short Way is Private limited company (BV).
When was The Short Way founded?
The Short Way was founded on 04-02-1987.
Is The Short Way still active?
Yes, The Short Way is an active enterprise in the KBO register.
How many employees does The Short Way have?
The Short Way had an average of 2.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does The Short Way fall under?
In its 30-09-2025 annual accounts, The Short Way states joint committees 100 (Aanvullend Paritair Comité voor de werklieden) and 201 (Paritair Comité voor de zelfstandige kleinhandel).
What is the turnover of The Short Way?
The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €265,198 and 37 comparable companies (NACE 464). It probably lies between €980,000 and €2.0m.
Is The Short Way profitable?
In financial year 2025, The Short Way made a profit of €11,931.
Where can I find the annual accounts of The Short Way?
The Short Way filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of The Short Way due?
The Short Way must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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