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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
K-WAY from Sint-Gillis-Waas, company number BE0633818586, closed financial year 2025 with a result of € -13,130 after tax. For that financial year K-WAY recorded a gross margin of € 1,011 and equity of € 175,969. Compared with financial year 2024, the result moved from € -38,461 to € -13,130. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 175,969
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,130
▲ 66 % less loss than in 2024
Profit after tax over the fiscal year.
€ 56,815
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 157,369.
People and assets in 2025
€ 7,465
▼ 51% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 325,825
▲ € 311,446 vs 2024
€ 17,079 is repaid this year. At this pace the long-term loan is gone in ≈ 19 years.
€ 5,234
▲ 219% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,102
▲ 59% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 67,470 | € 22,887 | € -15,290 | € 1,011 | ▲ € 16,301 |
| Profit after taxes | € 47,427 | € -1,825 | € -38,461 | € -13,130 | ▲ € 25,330 |
| Equity | € 222,035 | € 218,544 | € 190,765 | € 175,969 | ▼ 8% |
| Total debts | € 74,453 | € 35,708 | € 21,573 | € 338,827 | ▲ € 317,254 |
| Cash | € 111,179 | € 176,040 | € 164,558 | € 56,815 | ▼ 65% |
| Land & buildings | - | - | - | € 386,913 | |
| Retained profit | € 215,835 | € 212,344 | € 172,165 | € 157,369 | ▼ 9% |
| Dividend | € 1,600 | € 1,666 | € 1,718 | € 1,666 | ▼ 3% |
| Bank debt | € 44,146 | € 29,531 | € 14,379 | € 325,825 | ▲ € 311,446 |
| Balance sheet total | € 296,488 | € 254,252 | € 212,338 | € 514,796 | ▲ 142% |
Key figures of K-WAY, 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 K-WAY?
What happened at K-WAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,130. Source: NBB ↗
- New establishment in Sint-Gillis-Waas. KBO
- Start of the company according to the CBE. KBO
In short
From € 47,427 profit in 2022 to € 13,130 loss in 2025.
Paid € 14,605 in corporate taxes since 2022.
Best year ever: 2022, with € 47,427 profit.
Paid out € 6,650 in dividends to the owners in total.
Management
Behind K-WAY is Koen Janssen. It owns 50% of Asfalt Services itself.
Directors
According to the 2025 annual accounts
Koen Janssen
Director
Establishments
Establishment units
Physical locations of this company
Blokstraat(SGW) 20
9170 Sint-Gillis-Waas
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0633.818.586
- VAT number
- BE 0633.818.586
- Registered office
- Blokstraat(SGW) 20, 9170 Sint-Gillis-Waas
- Names & denominations
- K-WAY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 2015
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
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