Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 13.4 to 9.
Financials
Financial year 2025
waylay from Gent, company number BE0544746258, closed financial year 2025 with a result of € -329,153 after tax. For that financial year waylay recorded a gross margin of € 1.7 million and equity of € 2.1 million. Compared with financial year 2024, the result moved from € 209,823 to € -329,153. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ 2.1 million
▲ 61% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -329,153
▼ still € 209,823 profit in 2024
Profit after tax over the fiscal year.
€ 177,080
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -108,257.
People and assets in 2025
9
▼ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 14% vs 2024
€ 129,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,019
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 65,216
▼ 72% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 121,170
▼ 56% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -437,415 | € 1,076,012 | € 2,195,291 | € 1,695,538 | ▼ 23% |
| Profit after taxes | € -2,203,102 | € -745,255 | € 209,823 | € -329,153 | ▼ € 538,975 |
| Equity | € 1,798,363 | € 1,053,108 | € 1,285,689 | € 2,067,055 | ▲ 61% |
| Total debts | € 1,012,155 | € 2,291,532 | € 2,648,881 | € 654,372 | ▼ 75% |
| Cash | € 2,394,697 | € 1,173,805 | € 523,173 | € 177,080 | ▼ 66% |
| Retained profit | € -4,616,734 | € -5,361,989 | € 220,895 | € -108,257 | ▼ € 329,153 |
| Bank debt | € 29,378 | € 0 | € 496,083 | € 0 | ▼ 100% |
| Balance sheet total | € 2,810,518 | € 3,344,640 | € 3,934,570 | € 2,721,427 | ▼ 31% |
| Employees (FTE) | 17.8 | 13.4 | 12.2 | 9 | ▼ 3.2 |
Key figures of waylay, 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 waylay?
What happened at waylay in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philip John Cullerton stepped down as director. NBB
- Ben De Brauwer stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 329,153 (▼ € 538,975 vs 2024). Source: NBB ↗
- Ark Angels Activator Fund Beheer NV stepped down as director. NBB
- Nico Weymaere stepped down as director. NBB
- Participatiemaatschappij Vlaanderen NV stepped down as director. NBB
- Philip John Cullerton became a director. NBB
- Kashyap Mugulavalli Krishnamurthy Naveen stepped down as director. NBB
In short
From € 2.2 million loss in 2022 to € 329,153 loss in 2025.
Paid € 6,145 in corporate taxes since 2022.
Best year ever: 2024, with € 209,823 profit.
On average € 188,400 of value added per employee in 2025.
Management
The stake of Participatiemaatschappij Vlaanderen, Ark Angels Activator Fund comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
waylayThe shares are held by Participatiemaatschappij Vlaanderen (16.1%) and Ark Angels Activator Fund (14%).
Directors
According to the 2025 annual accounts
Ark Angels Activator Fund Beheer NV
Director · represented by Jan Vorstermans
Also active at: Accelleran, APICBASE, Ark Angels Activator Fund
since 2022 · until 2025
Participatiemaatschappij Vlaanderen NV
Director · represented by Vincent Hebbelynck
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES +136 more
since 2022 · until 2025
Philip John Cullerton
Director
since 2025 · until 2031
Kashyap Mugulavalli Krishnamurthy Naveen
Director
since 2022 · until 2025
Leonard Donnelly
Managing director
since 2022 · until 2025
Ben De Brauwer
Director
since 2025 · until 2031
Director · represented by Veselin Pizurica
since 2022 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Blekersdijk 33A
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
waylay.io
Registered
2013-09-22
Registrar
Key-Systems GmbH
Expires
2026-09-22
Website info
Features
Security
Network
Details
- Company number
- 0544.746.258
- VAT number
- BE 0544.746.258
- Registered office
- Blekersdijk 33A, 9000 Gent
- Names & denominations
- waylay
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 January 2014
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- waylay.io
- Activities · NACE
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