Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
FIFTY WAYS from Brussel, company number BE0452648718, closed financial year 2025 with a result of € -3,927 after tax. For that financial year FIFTY WAYS recorded a gross margin of € 31,532 and equity of € -119,247. Compared with financial year 2024, the result moved from € 2,639 to € -3,927. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -119,247
▼ € 3,927 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,927
▼ still € 2,639 profit in 2024
Profit after tax over the fiscal year.
€ 12
▼ 91% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -125,494.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 176,045
▼ 9% vs 2024
€ 19,449 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 4,565
▲ € 4,178 vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,913 | € 6,275 | € 29,618 | € 31,532 | ▲ 6% |
| Profit after taxes | € -17,235 | € -27,511 | € 2,639 | € -3,927 | ▼ € 6,566 |
| Equity | € -90,448 | € -117,959 | € -115,320 | € -119,247 | ▼ € 3,927 |
| Total debts | € 313,659 | € 302,902 | € 276,326 | € 258,816 | ▼ 6% |
| Cash | € 276 | € 178 | € 135 | € 12 | ▼ 91% |
| Land & buildings | € 202,112 | € 177,425 | € 154,033 | € 130,641 | ▼ 15% |
| Retained profit | € -96,695 | € -124,206 | € -121,567 | € -125,494 | ▼ € 3,927 |
| Bank debt | € 227,781 | € 210,789 | € 193,545 | € 176,045 | ▼ 9% |
| Balance sheet total | € 223,212 | € 184,943 | € 161,006 | € 139,570 | ▼ 13% |
Key figures of FIFTY WAYS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FIFTY WAYS?
What happened at FIFTY WAYS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,927 (▼ € 6,566 vs 2024). filed late Source: NBB ↗
- Ludovic Wautelet became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,235 loss in 2022 to € 3,927 loss in 2025.
Best year ever: 2024, with € 2,639 profit.
A new publication or filing at FIFTY WAYS? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of LWA INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FIFTY WAYSBehind FIFTY WAYS is Ludovic Wautelet. The shares are held by LWA INVEST (100%).
Directors
According to the 2025 annual accounts
Ludovic Wautelet
Director
since 2021
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bischoffsheimlaan 39 box 4
1000 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0452.648.718
- VAT number
- BE 0452.648.718
- Registered office
- Bischoffsheimlaan 39 bus 4, 1000 Brussel
- Names & denominations
- FIFTY WAYS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 1994
- Peppol
- Not registered
- Contact
- [email protected]