Third Way
ActiveThird Way has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140k and a net result of €41k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth83▼-2
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 2.82 against 4.31 in 2024), and 27.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
72.3%
Return on assets
20.9%
Age of the figures
8 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
16 d early
2023
21 d early
2022
7 d early
2021
37 d early
2020
16 d late
2019
13 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€174k▲ 0.2%
2024 · €173k
2020: €75k
2021: €227k
2022: €161k
2023: €182k
2024: €173k
2020 → 2025
EBIT margin
32.9%▲ 1.7pp
2024 · 31.2%
2020: -19.4%
2021: 19.3%
2022: 19.5%
2023: 38.5%
2024: 31.2%
2020 → 2025
Net result
€41k▲ 2.5%
2024 · €40k
2018: €33k
2019: €-10k
2020: €-15k
2021: €37k
2022: €23k
2023: €53k
2024: €40k
2018 → 2025
Working capital
€98k▼ 24.2%
2024 · €129k
2018: €67k
2019: €59k
2020: €46k
2021: €64k
2022: €65k
2023: €95k
2024: €129k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€227k-€161k▼ 29.0%€182k▲ 13.1%€173k▼ 4.9%€174k▲ 0.2%
Equity€65k-€66k▲ 1.5%€102k▲ 54.2%€134k▲ 30.9%€140k▲ 4.9%
Operating result€44k-€31k▼ 28.5%€70k▲ 123%€54k▼ 22.8%€57k▲ 5.6%
Net result€37k-€23k▼ 38.1%€53k▲ 130%€40k▼ 25.2%€41k▲ 2.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €194k
Fixed assets
€43k▲ 761%
Current assets
€151k▼ 9.8%
Equity and liabilities €194k
Equity
€140k▲ 4.9%
Debt
€54k▲ 37.5%
The debt ratio rises from 22.6% to 27.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€64k▲
2024 · €56k
Cash flow
€47k▲
2024 · €42k
Solvency
72.3%▼
2024 · 77.4%
Current ratio
2.82▼
2024 · 4.31
Quick ratio
2.82▼
2024 · 4.31
Debt / equity
0.38▲
2024 · 0.29
ROE
28.9%▼
2024 · 29.6%
ROA
20.9%▼
2024 · 22.9%
Interest coverage
377.88▲
2024 · 266.48
Debt
€54k▲
2024 · €39k
Debt ≤ 1 year
€54k▲
2024 · €39k
Income taxes
€16k▲
2024 · €14k
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€173k€194k▲
Fixed assets21/28€5k€43k▲
Tangible fixed assets22/27€5k€43k▲
Land and buildings22€274€99▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€5k€42k▲
Current assets29/58€168k€151k▼
Amounts receivable within one year40/41€17k€34k▲
Trade receivables40€16k€27k▲
Other amounts receivable41€486€7k▲
Current investments50/53-€45k
Cash at bank and in hand54/58€148k€70k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€173k€194k▲
Equity10/15€134k€140k▲
Contributions10/11€19k€19k=
Reserves13€47k€87k▲
Distributable reserves133€47k€87k▲
Profit (loss) carried forward14€68k€35k▼
Amounts payable17/49€39k€54k▲
Amounts payable within one year42/48€39k€54k▲
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€27k€15k▼
Taxes450/3€27k€15k▼
Other amounts payable47/48€8k€34k▲
Accrued charges and deferred income492/3€51€0▼
Income statement
Code20242025
Turnover70€173k€174k▲
Non-recurring operating income76A€0€8k▲
Goods, raw materials, services and sundry goods60/61€118k€119k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€7k▲
Other operating charges640/8€972€1k▲
Gross operating margin9900€57k€65k▲
Operating profit (loss)9901€54k€57k▲
Financial income75/76B€26€111▲
Recurring financial income75€26€111▲
Financial charges65/66B€212€168▼
Recurring financial charges65€212€168▼
Profit (loss) for the period before taxes9903€54k€57k▲
Income taxes67/77€14k€16k▲
Profit (loss) for the period9904€40k€41k▲
Profit (loss) for the period to be appropriated9905€40k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€96k€109k▲
Profit (loss) brought forward from the previous period14P€57k€68k▲
Transfer to equity691/2€20k€40k▲
To other reserves6921€20k€40k▲
Profit to be distributed694/7€8k€34k▲
Return on contributions (dividend)694€8k€34k▲
The notes to these accounts (15 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €53k ▲130%
Operating result €70k, net result €53k, both a record.
31-12
Financial
Equity above €100kEq €102k ▲54.2%
3 profitable years in a row build equity to €102k.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €37k
Net result €37k after 2 loss-making years.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Overijse · 1 establishment unit since 2016
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.
Vriendschapsstraat 763090 OverijseGround area
726 m²
Building footprint
170 m²
Volume, LiDAR
962 m³
Parcel 23062B0243/00L015, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Third Way
since 20162.252.419.083
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062B0243/00L015 | Flanders | 726 m² | 1 · 170 m² | 8.8 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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MAKETTT
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 40,728 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.