ACTIVE

waylay

Financial year 2025 · closed on 31/12/2025
Net result
-329,2 k €
-256.9% YoY
Gross margin
1,7 M €
-22.8% YoY
Equity
2,1 M €
+60.8% YoY
Workforce
9,0 ETP
-26.2% YoY

What does waylay do?

waylay is a Public limited company incorporated in 2014. Its main activity is: Computer programming activities. Its registered office is in Gent. It employs on average 9,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0544.746.258
Incorporation
22/01/2014
Legal form
Public limited company
Registered office
Blekersdijk 33A
9000 Gent · FlandreSee on map
Contributed capital
2 175 312,12 €
Latest accounts
31/12/2025
Average workforce
9,0 ETP
Joint committees (2)
  • 200
  • 20000
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212018201720162015
Income statement
Gross margin1,7 M €2,2 M €1,1 M €-437,4 k €-473,3 k €1 M €257,3 k €56,6 k €-31 k €
EBITDA527,9 k €832,3 k €-426,1 k €-2,2 M €-2,3 M €373,7 k €38,7 k €-2 k €-31,2 k €
Operating result-253,2 k €206,7 k €-634 k €-2,2 M €-2,3 M €365,8 k €33,6 k €-4,6 k €-35,2 k €
Net result-329,2 k €209,8 k €-745,3 k €-2,2 M €-2,2 M €335,3 k €33,4 k €-13,3 k €-42,5 k €
Balance sheet
Equity2,1 M €1,3 M €1,1 M €1,8 M €-1 M €1,7 M €1,4 M €1,3 M €26,1 k €
Total assets2,7 M €3,9 M €3,3 M €2,8 M €1,5 M €2,3 M €1,5 M €1,4 M €175,2 k €
Cash177,1 k €523,2 k €1,2 M €2,4 M €704,5 k €2,1 M €1,4 M €1,3 M €152,1 k €
Debts186,4 k €1 M €496 k €386,4 k €1 M €472 k €151,5 k €43,4 k €149,1 k €
Other
Workforce9,0 ETP12,2 ETP13,4 ETP17,8 ETP24,6 ETP11,8 ETP4,8 ETP1,6 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 28 ended

Active mandates

Ben De Brauwer

Director · since 25 août 2025 · until 24 août 2031

Active
Philip John Cullerton

Director · since 25 août 2025 · until 24 août 2031

Active
Nico Weymaere

Director · since 11 août 2022 · until 25 août 2025

Active
Ark Angels Activator Fund Beheer

Director · since 22 avril 2022 · until 25 août 2025 · 0843.353.929

Represented by Jan Vorstermans

Active
Kashyap Mugulavalli Krishnamurthy Naveen

Director · since 22 avril 2022 · until 25 août 2025

Active
Leonard Donnelly

Managing director · since 22 avril 2022 · until 25 août 2025

Active
Participatiemaatschappij Vlaanderen

Director · since 22 avril 2022 · until 25 août 2025 · 0455.777.660

Represented by Vincent Hebbelynck

Active
WELEIO

Director · since 22 avril 2022 · until 25 août 2025 · 0667.752.651

Represented by Veselin Pizurica

Active

Ended mandates

Nico Weymaere

Director · since 11 août 2022 · until 11 août 2028

Ended
Ark Angels Activator Fund Beheer

Director · since 22 avril 2022 · until 22 avril 2028 · 0843.353.929

Represented by Jan Vorstermans

Ended
Ark Angels Activator Fund Beheer

Director · since 22 avril 2022 · until 28 avril 2028 · 0843.353.929

Represented by Jan Vorstermans

Ended
Kashyap Mugulavalli Krishnamurthy Naveen

Director · since 22 avril 2022 · until 22 avril 2028

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date11/06/202608/08/202501/08/202430/06/202311/07/202201/07/2021
General meeting03/06/202627/06/202525/07/202430/06/202324/06/202225/06/2021
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

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/06/202611/06/2026DutchPDF
Abridged model31/12/202427/06/202508/08/2025DutchPDF
Abridged model31/12/202325/07/202401/08/2024DutchPDF
Abridged model31/12/202230/06/202330/06/2023DutchPDF
Abridged model31/12/202124/06/202211/07/2022DutchPDF
Abridged model31/12/202025/06/202101/07/2021DutchPDF
Abridged model31/12/201926/06/202009/07/2020DutchPDF
Abridged model31/12/201828/06/201901/07/2019DutchPDF
Abridged model31/12/201729/06/201804/07/2018DutchPDF
Abridged model31/12/201630/06/201720/07/2017DutchPDF
Abridged model31/12/201530/05/201627/06/2016DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 · 8 active · 28 ended

Active mandates

Ben De Brauwer

Director · since 25 août 2025 · until 24 août 2031

Active
Philip John Cullerton

Director · since 25 août 2025 · until 24 août 2031

Active
Nico Weymaere

Director · since 11 août 2022 · until 25 août 2025

Active
Ark Angels Activator Fund Beheer

Director · since 22 avril 2022 · until 25 août 2025 · 0843.353.929

Represented by Jan Vorstermans

Active
Kashyap Mugulavalli Krishnamurthy Naveen

Director · since 22 avril 2022 · until 25 août 2025

Active
Leonard Donnelly

Managing director · since 22 avril 2022 · until 25 août 2025

Active
Participatiemaatschappij Vlaanderen

Director · since 22 avril 2022 · until 25 août 2025 · 0455.777.660

Represented by Vincent Hebbelynck

Active
WELEIO

Director · since 22 avril 2022 · until 25 août 2025 · 0667.752.651

Represented by Veselin Pizurica

Active

Ended mandates

Nico Weymaere

Director · since 11 août 2022 · until 11 août 2028

Ended
Ark Angels Activator Fund Beheer

Director · since 22 avril 2022 · until 22 avril 2028 · 0843.353.929

Represented by Jan Vorstermans

Ended
Ark Angels Activator Fund Beheer

Director · since 22 avril 2022 · until 28 avril 2028 · 0843.353.929

Represented by Jan Vorstermans

Ended
Kashyap Mugulavalli Krishnamurthy Naveen

Director · since 22 avril 2022 · until 22 avril 2028

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other14/07/2026
    PDF
  • Mandates08/10/2025
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates11/09/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares10/09/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Other05/08/2024
    DIVERSEN
    PDF
  • Other11/07/2024
    DIVERSEN
    PDF
  • Capital / shares02/07/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates04/09/2023
    ONTSLAGEN - BENOEMINGEN
    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 2025-329,2 k €
  2. 2024
    Annual accounts 2024209,8 k €
  3. 2023
    Annual accounts 2023-745,3 k €
  4. 2022
    Annual accounts 2022-2,2 M €
  5. 2021
    Annual accounts 2021-2,2 M €
  6. 2018
    Annual accounts 2018335,3 k €
  7. 2017
    Annual accounts 201733,4 k €
  8. 2016
    Annual accounts 2016-13,3 k €
  9. 2015
    Annual accounts 2015-42,5 k €
  10. 22/01/2014
    IncorporationPublic limited company