Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SHWAY from Antwerpen, company number BE0672480313, closed financial year 2025 with a result of € 11,213 after tax. For that financial year SHWAY recorded a gross margin of € 167,292 and equity of € 208,477. Compared with financial year 2024, the result moved from € -4,875 to € 11,213. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 208,477
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,213
▲ still € 4,875 loss in 2024
Profit after tax over the fiscal year.
€ 24,134
▲ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -271,916.
People and assets in 2025
5
▲ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 75,095
▲ 31% vs 2024
€ 15,000 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.
€ 39,269
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.7 million
▼ 1% vs 2024
€ 181,640 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 12,432
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,168
▲ € 4,976 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 118,766 | € 179,441 | € 136,501 | € 167,292 | ▲ 23% |
| Profit after taxes | € -16,146 | € 42,842 | € -4,875 | € 11,213 | ▲ € 16,088 |
| Equity | € 159,312 | € 202,154 | € 197,280 | € 208,477 | ▲ 6% |
| Total debts | € 2,834,206 | € 2,738,725 | € 2,778,576 | € 2,738,222 | ▼ 1% |
| Cash | € 101,510 | € 41,840 | € 12,847 | € 24,134 | ▲ 88% |
| Land & buildings | € 2,715,628 | € 2,715,628 | € 2,740,891 | € 2,738,216 | |
| Retained profit | € -321,081 | € -278,238 | € -283,113 | € -271,916 | ▲ € 11,197 |
| Bank debt | € 2,754,601 | € 2,653,038 | € 2,745,018 | € 2,719,617 | ▼ 1% |
| Balance sheet total | € 2,993,518 | € 2,940,879 | € 2,975,856 | € 2,946,699 | ▼ 1% |
| Employees (FTE) | 1 | 2.7 | 3.2 | 5 | ▲ 1.8 |
Key figures of SHWAY, 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 SHWAY?
What happened at SHWAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 11,213. filed late Source: NBB ↗
- New establishment in Antwerpen. KBO
- Liselore Bliek became a director. NBB
- Martinus Groenendijk became a director. NBB
- Bart Cassiers became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 16,146 loss in 2022 to € 11,213 profit in 2025.
Paid € 1,582 in corporate taxes since 2022.
Best year ever: 2023, with € 42,842 profit.
On average € 33,500 of value added per employee in 2025.
A new publication or filing at SHWAY? 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 Potomac Private Equity Antwerp (PPEA) comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SHWAYBehind SHWAY are Liselore Bliek, Martinus Groenendijk and Bart Cassiers. The shares are held by Potomac Private Equity Antwerp (PPEA) (53%).
Directors
According to the 2025 annual accounts
Liselore Bliek
Director
since 2021
Martinus Groenendijk
Director
since 2021
Bart Cassiers
Director
since 2021
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vleminckveld 60
2000 Antwerpen
Frankrijklei 154 box 801
2000 Antwerpen
Active since 23 December 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Google Workspace
Hosting
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Website info
Features
Security
Network
Details
- Company number
- 0672.480.313
- VAT number
- BE 0672.480.313
- Registered office
- Vleminckveld 60, 2000 Antwerpen
- Names & denominations
- SHWAY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 March 2017
- Peppol
- Active · Active since 5 Jan 2026
- Contact
- shway.be 0032493343782
- Activities · NACE
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