ACTIVE

EarthWays

Financial year 2025 · closed on 31/01/2025
Net result
-1,1 k €
-104.1% YoY
Gross margin
14 k €
-67.1% YoY
Equity
36,9 k €
-2.9% YoY

What does EarthWays do?

EarthWays is a Private limited company incorporated in 2000. Its main activity is: Public relations and communication activities. Its registered office is in Leuven.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0472.560.937
Incorporation
08/08/2000
Legal form
Private limited company
Registered office
Vlierbeeklaan 12
3010 Leuven · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
31/01/2025
Joint committees (1)
  • 100
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222019201820172016201520142013201220112010200920082007
Income statement
Gross margin14 k €42,7 k €29,7 k €20,3 k €18,7 k €24,7 k €51,6 k €45,4 k €47 k €47 k €36,7 k €17,1 k €49,1 k €34,4 k €22 k €7,9 k €16,8 k €
EBITDA11,9 k €40,7 k €27,9 k €18,5 k €17,2 k €23,2 k €49,9 k €44 k €45,5 k €42,2 k €30,1 k €10,6 k €40,9 k €28,6 k €14,1 k €6,6 k €15,5 k €
Operating result-616,4 €28,3 k €15,8 k €5,7 k €5 k €11 k €34,4 k €13,4 k €13,9 k €10,4 k €-2,2 k €-21,3 k €9,1 k €-3 k €-18,3 k €-27,8 k €-38,2 k €
Net result-1,1 k €27,3 k €14,3 k €3,9 k €2,2 k €7,9 k €31,4 k €6,2 k €5,9 k €2,2 k €-6,8 k €-26,8 k €4,4 k €-7,9 k €-22,1 k €-33,5 k €-44,1 k €
Balance sheet
Equity36,9 k €38 k €10,7 k €-3,6 k €-16,8 k €-19 k €-29,9 k €-61,3 k €-67,5 k €-73,5 k €-75,7 k €-69 k €-42,2 k €-46,6 k €-38,7 k €-16,6 k €12,6 k €
Total assets45,4 k €65,7 k €76,1 k €88,9 k €114 k €131,1 k €138,2 k €164 k €196,5 k €207,4 k €220,4 k €246,3 k €285,7 k €309 k €341,9 k €387,3 k €356,7 k €
Cash23,1 k €33,4 k €11,9 k €32,5 k €25,2 k €35,8 k €23,9 k €52 k €26,8 k €8,4 k €15,9 k €7,6 k €17 k €11,1 k €12,2 k €3,7 k €5,1 k €
Debts8,5 k €27,7 k €65,4 k €92,6 k €130,8 k €149,2 k €167,2 k €224,5 k €264 k €280,5 k €295,7 k €315,2 k €327,9 k €355,6 k €380,6 k €403,9 k €344,1 k €
Other
Workforce0,1 ETP0,2 ETP0,2 ETP0,2 ETP0,2 ETP0,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/01/2025 · 1 active · 6 ended

Active mandates

Christiane Hoerée

Director · since 28 novembre 2023

Active

Ended mandates

Christiane Hoeree

Director · since 08 août 2000

Ended
Christiane Hoeree

Manager · since 08 août 2000

Ended
Chris Hoerée

Manager · since 02 août 2000

Ended
Chris Hoerée

Manager · since 01 juillet 2000

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/02/202401/02/202301/02/202201/02/202101/02/202001/02/2019
Closing of the financial year31/01/202531/01/202431/01/202331/01/202231/01/202131/01/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/07/202501/08/202416/08/202326/08/202216/09/202125/11/2020
General meeting22/07/202522/07/202424/07/202318/07/202219/07/202120/07/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/01/202522/07/202523/07/2025DutchPDF
Micro model31/01/202422/07/202401/08/2024DutchPDF
Micro model31/01/202324/07/202316/08/2023DutchPDF
Micro model31/01/202218/07/202226/08/2022DutchPDF
Micro model31/01/202119/07/202116/09/2021DutchPDF
Micro model31/01/202020/07/202025/11/2020DutchPDF
Micro model31/01/201931/07/201930/08/2019DutchPDF
Micro model31/01/201831/07/201831/08/2018DutchPDF
Micro model31/01/201724/07/201707/08/2017DutchPDF
Abridged model31/01/201631/07/201631/08/2016DutchPDF
Abridged model31/01/201520/07/201524/08/2015DutchPDF
Abridged model31/01/201431/07/201428/08/2014DutchPDF
Abridged model31/01/201308/07/201329/07/2013DutchPDF
Abridged model31/01/201229/05/201206/07/2012DutchPDF
Abridged model31/01/201118/07/201111/08/2011DutchPDF
Abridged model31/01/201019/07/201021/09/2010DutchPDF
Abridged model31/01/200931/07/200931/08/2009DutchPDF
Abridged model31/01/200830/07/200816/09/2008DutchPDF
Abridged model31/01/200730/07/200704/09/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/01/2025 · 1 active · 6 ended

Active mandates

Christiane Hoerée

Director · since 28 novembre 2023

Active

Ended mandates

Christiane Hoeree

Director · since 08 août 2000

Ended
Christiane Hoeree

Manager · since 08 août 2000

Ended
Chris Hoerée

Manager · since 02 août 2000

Ended
Chris Hoerée

Manager · since 01 juillet 2000

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office08/02/2007
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares14/02/2003
    ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BOEKJAAR
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-1,1 k €
  2. 2024
    Annual accounts 202427,3 k €
  3. 2024
    Name changeEarthWays
  4. 2023
    Annual accounts 202314,3 k €
  5. 2022
    Annual accounts 20223,9 k €
  6. 2019
    Annual accounts 20192,2 k €
  7. 2018
    Annual accounts 20187,9 k €
  8. 2017
    Annual accounts 201731,4 k €
  9. 2016
    Annual accounts 20166,2 k €
  10. 2015
    Annual accounts 20155,9 k €
  11. 2014
    Annual accounts 20142,2 k €
  12. 2013
    Annual accounts 2013-6,8 k €
  13. 2012
    Annual accounts 2012-26,8 k €
  14. 2011
    Annual accounts 20114,4 k €
  15. 2010
    Annual accounts 2010-7,9 k €
  16. 2009
    Annual accounts 2009-22,1 k €
  17. 2008
    Annual accounts 2008-33,5 k €
  18. 2007
    Annual accounts 2007-44,1 k €
  19. 2007
    Name changeIC Consulting
  20. 08/08/2000
    IncorporationPrivate limited company