ACTIVE

FIFTY WAYS

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Financial year 2025 · closed on 31/12/2025

Net result

-3,9 k €

-248.8% YoY

Gross margin

31,5 k €

+6.5% YoY

Equity

-119,2 k €

-3.4% YoY

What does FIFTY WAYS do?

FIFTY WAYS is a Private limited company incorporated in 1994. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.648.718

Incorporation

19/05/1994

Legal form

Private limited company

Registered office

Boulevard Bischoffsheim 39 box 4
1000 Bruxelles · BruxellesSee on map

Contributed capital

6 246,92 €

Latest accounts

31/12/2025

Contacts

1 public detail availableLog in to view

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	31,5 k €	+6.5%	29,6 k €	+372%	6,3 k €	+115%	2,9 k €	-38.5%	4,7 k €	-49.7%	9,4 k €	-37.1%	15 k €	-6.8%	16,1 k €	-11.2%	18,1 k €	+13.3%	16 k €	-11.9%	18,1 k €	-1.8%	18,5 k €	+6.5%	17,4 k €	-7.5%	18,8 k €	+20.3%	15,6 k €	+2.7%	15,2 k €	+29.1%	11,8 k €	-16.4%	14,1 k €	-0.2%	14,1 k €	-11.0%	15,9 k €
EBITDA	26,5 k €	-9.3%	29,2 k €	+12068%	-244,3 €	-110%	2,6 k €	-21.9%	3,3 k €	-53.6%	7,1 k €	-44.1%	12,7 k €	-8.2%	13,8 k €	-13.0%	15,9 k €	+15.1%	13,8 k €	-13.6%	16 k €	-1.4%	16,2 k €	+6.9%	15,1 k €	-9.3%	16,7 k €	+23.3%	13,5 k €	+2.8%	13,2 k €	+34.4%	9,8 k €	-19.5%	12,2 k €	+7.6%	11,3 k €	-20.1%	14,2 k €
Operating result	3,1 k €	-46.7%	5,8 k €	+125%	-23,7 k €	-79.9%	-13,2 k €	-191%	-4,5 k €	-2833%	-154,7 €	-103%	5,3 k €	-37.1%	8,4 k €	-29.5%	11,9 k €	+18.3%	10,1 k €	-19.2%	12,5 k €	-1.5%	12,7 k €	+102%	6,3 k €	-15.0%	7,4 k €	+58.7%	4,6 k €	+8.7%	4,3 k €	+273%	1,1 k €	-70.1%	3,8 k €	+26.8%	3 k €	-55.3%	6,8 k €
Net result	-3,9 k €	-249%	2,6 k €	+110%	-27,5 k €	-59.6%	-17,2 k €	-48.5%	-11,6 k €	-272%	-3,1 k €	-260%	1,9 k €	-64.2%	5,4 k €	-40.0%	9,1 k €	+31.0%	6,9 k €	-25.1%	9,2 k €	-0.9%	9,3 k €	+2388%	-407,6 €	+83.1%	-2,4 k €	+58.1%	-5,8 k €	-77.7%	-3,2 k €	+50.1%	-6,5 k €	-68.0%	-3,9 k €	+31.1%	-5,6 k €	-178%	-2 k €
Balance sheet
Equity	-119,2 k €	-3.4%	-115,3 k €	+2.2%	-118 k €	-30.4%	-90,4 k €	-23.5%	-73,2 k €	-18.8%	-61,6 k €	-5.3%	-58,5 k €	+3.2%	-60,4 k €	+8.3%	-65,9 k €	+12.1%	-74,9 k €	+8.5%	-81,9 k €	+10.1%	-91,1 k €	+9.3%	-100,4 k €	-0.4%	-100 k €	-2.5%	-97,6 k €	-6.3%	-91,8 k €	-3.7%	-88,6 k €	-7.9%	-82,1 k €	-4.9%	-78,2 k €	-7.7%	-72,6 k €
Total assets	139,6 k €	-13.3%	161 k €	-12.9%	184,9 k €	-17.1%	223,2 k €	+252%	63,5 k €	+10.6%	57,4 k €	-9.2%	63,2 k €	+36.7%	46,2 k €	+65.8%	27,9 k €	-31.2%	40,5 k €	-0.5%	40,7 k €	+2.4%	39,7 k €	+0.8%	39,4 k €	-18.7%	48,5 k €	-2.8%	49,9 k €	-14.2%	58,2 k €	-11.1%	65,5 k €	-4.0%	68,2 k €	-9.4%	75,3 k €	+26.0%	59,8 k €
Cash	11,9 €	-91.2%	134,8 €	-24.2%	177,7 €	-35.7%	276,5 €	+236%	82,3 €	-95.2%	1,7 k €	-70.4%	5,8 k €	+69.1%	3,4 k €	+5279%	63,9 €	0.0%	63,9 €	0.0%	63,9 €	0.0%	63,9 €	-86.8%	484 €	-77.0%	2,1 k €		–		501,3 €	0.0%	501,3 €	0.0%	501,3 €	0.0%	501,3 €	-1.2%	507,4 €
Debts	258,8 k €	-6.3%	276,3 k €	-8.8%	302,9 k €	-3.4%	313,7 k €	+130%	136,4 k €	+14.7%	119 k €	-2.2%	121,7 k €	+14.2%	106,5 k €	+13.8%	93,6 k €	-18.8%	115,3 k €	-5.9%	122,6 k €	-6.2%	130,7 k €	-6.6%	139,9 k €	-5.9%	148,5 k €	+0.7%	147,5 k €	-0.8%	148,7 k €	-3.4%	153,9 k €	+2.5%	150,2 k €	-2.1%	153,5 k €	+16.2%	132,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Ludovic Wautelet

Director · since 10 septembre 2021

Active

Ended mandates

Ludovic Wautele

Director · since 10 septembre 2021

Ended

Francine DUBOIS

Manager

Ended

Marie Françoise OKUNDJI

Director

Ended

Marie-Françoise OKUNDJI

Director · until 10 septembre 2021

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	15/09/2025	26/07/2024	31/08/2023	31/08/2022	30/08/2021
General meeting	26/05/2026	27/05/2025	28/05/2024	30/05/2023	31/05/2022	15/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/05/2026	31/08/2026	French	PDF
Micro model	31/12/2024	27/05/2025	15/09/2025	French	PDF
Micro model	31/12/2023	28/05/2024	26/07/2024	French	PDF
Micro model	31/12/2022	30/05/2023	31/08/2023	French	PDF
Micro model	31/12/2021	31/05/2022	31/08/2022	French	PDF
Micro model	31/12/2020	15/06/2021	30/08/2021	French	PDF
Micro model	31/12/2019	16/06/2020	30/09/2020	French	PDF
Micro model	31/12/2018	18/06/2019	30/08/2019	French	PDF
Micro model	31/12/2017	05/06/2018	02/08/2018	French	PDF
Micro model	31/12/2016	20/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	16/06/2015	30/09/2015	French	PDF
Abridged model	31/12/2013	17/06/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	18/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	19/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	21/06/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	08/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	09/06/2009	26/08/2009	French	PDF
Abridged model	31/12/2007	12/06/2008	27/08/2008	French	PDF
Abridged model	31/12/2006	16/06/2007	28/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Ludovic Wautelet

Director · since 10 septembre 2021

Active

Ended mandates

Ludovic Wautele

Director · since 10 septembre 2021

Ended

Francine DUBOIS

Manager

Ended

Marie Françoise OKUNDJI

Director

Ended

Marie-Françoise OKUNDJI

Director · until 10 septembre 2021

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-3,9 k €↓
2024
Annual accounts 20242,6 k €↑
2023
Annual accounts 2023-27,5 k €↓
2022
Annual accounts 2022-17,2 k €↓
2021
Annual accounts 2021-11,6 k €↓
2020
Annual accounts 2020-3,1 k €↓
2019
Annual accounts 20191,9 k €↓
2018
Annual accounts 20185,4 k €↓
2017
Annual accounts 20179,1 k €↑
2016
Annual accounts 20166,9 k €↓
2015
Annual accounts 20159,2 k €↓
2014
Annual accounts 20149,3 k €↑
2013
Annual accounts 2013-407,6 €↑
2012
Annual accounts 2012-2,4 k €↑
2011
Annual accounts 2011-5,8 k €↓
2010
Annual accounts 2010-3,2 k €↑
2009
Annual accounts 2009-6,5 k €↓
2008
Annual accounts 2008-3,9 k €↑
2007
Annual accounts 2007-5,6 k €↓
2006
Annual accounts 2006-2 k €
19/05/1994
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FIFTY WAYS

Overview

What does FIFTY WAYS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline