NORMAL SITUATION

THE WAY FORWARD

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Company — Normal situation.

Financial year 2021 · Closed on 31/12/2021

Net result-6,8 k €-387,1 %over 1 year

Gross margin41,9 k €+46,5 %over 1 year

Equity541 k €-1,2 %over 1 year

Identity

Source · BCE/KBO

THE WAY FORWARD is a company registered in Belgium.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0472.042.778
Legal form: Public limited company
Contributed capital: 452 800,00 €
Latest accounts: 31/12/2021

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 16 financial years

	2021		2020		2019		2018		2017
Income statement
Gross margin	41,9 k €	+46.5%	28,6 k €	-15.3%	33,7 k €	-58.8%	82 k €	+181%	29,1 k €
EBITDA	15,4 k €	-44.3%	27,6 k €	-17.3%	33,4 k €	-59.1%	81,6 k €	+183%	28,8 k €
Operating result	-4,9 k €	-166%	7,4 k €	-43.9%	13,2 k €	-78.6%	61,4 k €	+310%	15 k €
Net result	-6,8 k €	-387%	2,4 k €	-73.8%	9 k €	-84.8%	59 k €	+299%	14,8 k €
Balance sheet
Equity	541 k €	-1.2%	547,7 k €	+0.4%	545,4 k €	+1.7%	536,4 k €	+12.4%	477,4 k €
Total assets	783,5 k €	-7.6%	848,1 k €	+6.3%	797,5 k €	-15.2%	940 k €	+36.1%	690,4 k €
Cash	66,3 k €	-14.0%	77 k €	-28.1%	107,1 k €	-20.5%	134,7 k €	+37.1%	98,3 k €
Debts	242,5 k €	-19.3%	300,4 k €	+19.1%	252,1 k €	-37.5%	403,5 k €	+89.4%	213 k €

Board of directors

Source · NBB, accounts to 31/12/2021

2 active · 16 ended

Active mandates

Patrick SOLVAY

Director · since 04 septembre 2020 · until 08 août 2022

Active

MATHILODOS

Managing director · since 20 juin 2017 · until 08 août 2022 · 0475.065.121

Represented by Alexander DE WIT

Active

Ended mandates

Patrick SOLVAY

Director · since 04 septembre 2020 · until 04 septembre 2026

Ended

MATHILODOS

Director · since 20 juin 2017 · until 12 mai 2023 · 0475.065.121

Represented by Alexander de WIT

Ended

MATHILODOS

Director · since 20 juin 2017 · until 12 mai 2023 · 0475.065.121

Represented by Alexander DE WIT

Ended

MATHILODOS

Managing director · since 20 juin 2017 · until 12 mai 2023 · 0475.065.121

Represented by Alexander DE WIT

Ended

Full financial information

Source · NBB

	2021	2020	2019	2018	2017	2016
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/10/2022	12/10/2021	30/11/2020	25/06/2019	08/08/2018	31/08/2017
General meeting	26/08/2022	20/08/2021	04/09/2020	14/06/2019	28/06/2018	20/06/2017
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2021	26/08/2022	11/10/2022	French	PDF
Micro model	31/12/2020	20/08/2021	12/10/2021	French	PDF
Micro model	31/12/2019	04/09/2020	30/11/2020	French	PDF
Micro model	31/12/2018	14/06/2019	25/06/2019	French	PDF
Micro model	31/12/2017	28/06/2018	08/08/2018	French	PDF
Micro model	31/12/2016	20/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	10/06/2016	05/09/2016	French	PDF
Abridged model	31/12/2014	15/06/2015	17/07/2015	French	PDF
Abridged model	31/12/2013	13/06/2014	14/06/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	05/07/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	23/08/2012	French	PDF
Abridged model	31/12/2010	16/09/2011	29/09/2011	French	PDF
Abridged model	31/12/2009	11/06/2010	16/08/2010	French	PDF
Abridged model	31/12/2008	15/06/2009	17/07/2009	French	PDF
Abridged model	31/12/2007	13/06/2008	09/07/2008	French	PDF
Abridged model	31/12/2006	08/06/2007	12/07/2007	French	PDF
Abridged model	31/12/2005	09/06/2006	31/08/2006	French	PDF
Abridged model	31/12/2004	30/06/2005	04/10/2005	French	PDF
Abridged model	31/12/2003	23/09/2004	14/10/2004	French	PDF
Abridged model	30/06/2002	23/12/2002	24/02/2003	French	PDF
Abridged model	30/06/2001	06/04/2002	20/11/2002	French	PDF

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 31/12/2021

2 active · 16 ended

Active mandates

Patrick SOLVAY

Director · since 04 septembre 2020 · until 08 août 2022

Active

MATHILODOS

Managing director · since 20 juin 2017 · until 08 août 2022 · 0475.065.121

Represented by Alexander DE WIT

Active

Ended mandates

Patrick SOLVAY

Director · since 04 septembre 2020 · until 04 septembre 2026

Ended

MATHILODOS

Director · since 20 juin 2017 · until 12 mai 2023 · 0475.065.121

Represented by Alexander de WIT

Ended

MATHILODOS

Director · since 20 juin 2017 · until 12 mai 2023 · 0475.065.121

Represented by Alexander DE WIT

Ended

MATHILODOS

Managing director · since 20 juin 2017 · until 12 mai 2023 · 0475.065.121

Represented by Alexander DE WIT

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Dissolution12/09/2022
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring10/01/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates20/12/2021
SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates02/10/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates24/03/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates25/10/2011
DEMISSIONS, NOMINATIONS
PDF

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

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Timeline

2021
Annual accounts 2021-6,8 k €↓
2020
Annual accounts 20202,4 k €↓
2019
Annual accounts 20199 k €↓
2018
Annual accounts 201859 k €↑
2017
Annual accounts 201714,8 k €↓
2016
Annual accounts 201621,9 k €↓
2015
Annual accounts 201549,3 k €↑
2014
Annual accounts 201433,4 k €↑
2013
Annual accounts 201321,2 k €↓
2012
Annual accounts 201286,5 k €↑
2011
Annual accounts 201130,8 k €↑
2010
Annual accounts 201012,9 k €↑
2009
Annual accounts 2009-27,2 k €↓
2008
Annual accounts 200862,4 k €↑
2007
Annual accounts 200734,4 k €↑
2006
Annual accounts 200614,1 k €

THE WAY FORWARD

Overview

Identity

Financials

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline