Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Sportway Belgium from Brussel, company number BE1003487071, closed financial year 2025 with a result of € -14,038 after tax. For that financial year Sportway Belgium recorded a gross margin of € 5,612 and equity of € -5,198. Compared with financial year 2024, the result moved from € 6,840 to € -14,038. 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 June 23, 2026.
€ -5,198
▼ € 14,038 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,038
▼ still € 6,840 profit in 2024
Profit after tax over the fiscal year.
€ 32,313
▲ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7,198.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,739
▼ 78% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,999
▲ 94% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 25,366 | € 5,612 | ▼ 78% |
| Profit after taxes | € 6,840 | € -14,038 | ▼ € 20,878 |
| Equity | € 8,840 | € -5,198 | ▼ € 14,038 |
| Total debts | € 88,350 | € 96,547 | ▲ 9% |
| Cash | € 25,381 | € 32,313 | ▲ 27% |
| Retained profit | € 6,840 | € -7,198 | ▼ € 14,038 |
| Balance sheet total | € 97,190 | € 91,350 | ▼ 6% |
Key figures of Sportway Belgium, fiscal years 2024 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 Sportway Belgium?
What happened at Sportway Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 14,038 (▼ € 20,878 vs 2024). Source: NBB ↗
- New establishment in Brussel. KBO
- Ulf Franck became a director. NBB
- Edvard Tveten became a director. NBB
- Sven Englund became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 6,840 profit in 2024 to € 14,038 loss in 2025.
Paid € 2,311 in corporate taxes since 2024.
Best year ever: 2024, with € 6,840 profit.
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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
Behind Sportway Belgium are Ulf Franck, Edvard Tveten and Sven Englund. The shares are held by Sportway AB (100%).
Directors
According to the 2025 annual accounts
Ulf Franck
Director
since 2023
Edvard Tveten
Director
since 2023
Sven Englund
Director
since 2023
Shareholders
Sportway AB
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 231
1050 Brussel
Louizalaan 523
1050 Brussel
Active since 16 December 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1003.487.071
- VAT number
- BE 1003.487.071
- Registered office
- Louizalaan 231, 1050 Brussel
- Names & denominations
- Sportway Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 2023
- Peppol
- Active · Active since 1 Jul 2025