ACTIVE

Fishway

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Financial year 2025 · closed on 31/12/2025
Net result
-634,7 k €
+29.0% YoY
Gross margin
413,1 k €
+878.9% YoY
Equity
957,7 k €
-28.1% YoY
Workforce
5,3 ETP
+1.9% YoY

What does Fishway do?

Fishway is a Private limited company incorporated in 2022. Its main activity is: Freshwater aquaculture. Its registered office is in Leuven. It employs on average 5,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0787.869.632
Incorporation
30/06/2022
Legal form
Private limited company
Registered office
Gaston Geenslaan 1
3001 Leuven · FlandreSee on map
Contributed capital
3 018 366,05 €
Latest accounts
31/12/2025
Average workforce
5,3 ETP
Activities (NACE)
03220Freshwater aquaculture· main03220Freshwater aquaculture72101Research and experimental development on natural sciences and engineering72110Research and experimental development on biotechnology03210Marine aquaculture03210Marine aquaculture
Joint committees (2)
  • 20700
  • 2200
Contacts
2 public details availableLog in to view
Signals
Solid equityGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin413,1 k €-53 k €104,2 k €
EBITDA-192,2 k €-654,5 k €-477,3 k €
Operating result-619,2 k €-917 k €-567,2 k €
Net result-634,7 k €-894,6 k €-531,3 k €
Balance sheet
Equity957,7 k €1,3 M €1,2 M €
Total assets3 M €1,6 M €1,4 M €
Cash321,1 k €37,4 k €411,7 k €
Debts2 M €283 k €175 k €
Other
Workforce5,3 ETP5,2 ETP5,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

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

Active mandates

4Moon LU SA

Director · since 11 octobre 2023

Represented by Jan Moons

Active

Ended mandates

4Moon S.A.

Director · since 11 octobre 2023

Represented by Jan MOONS

Ended
Nutrifocus

Director · since 11 octobre 2023 · until 03 février 2025 · 0770.458.231

Represented by Nina Coolsaet

Ended
Nutrifocus

Managing director · since 11 octobre 2023 · 0770.458.231

Represented by Nina COOLSAET

Ended
SUAMI

Managing director · since 11 octobre 2023 · 0896.109.952

Represented by Samuel VAN DE VELDE

Ended
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Annual accounts

Full financial information

202520242023
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202430/06/2022
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months19 months
Filing date16/06/202603/07/202524/06/2024
General meeting22/05/202623/06/202512/06/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202522/05/202616/06/2026DutchPDF
Abridged model31/12/202423/06/202503/07/2025DutchPDF
Abridged model31/12/202312/06/202424/06/2024DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 4 ended

Active mandates

4Moon LU SA

Director · since 11 octobre 2023

Represented by Jan Moons

Active

Ended mandates

4Moon S.A.

Director · since 11 octobre 2023

Represented by Jan MOONS

Ended
Nutrifocus

Director · since 11 octobre 2023 · until 03 février 2025 · 0770.458.231

Represented by Nina Coolsaet

Ended
Nutrifocus

Managing director · since 11 octobre 2023 · 0770.458.231

Represented by Nina COOLSAET

Ended
SUAMI

Managing director · since 11 octobre 2023 · 0896.109.952

Represented by Samuel VAN DE VELDE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/08/2026
    ONTSLAGEN, BENOEMINGEN, STATUTEN (VERTALING,
    PDF
  • Mandates22/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares28/07/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares21/02/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Other03/02/2025
    DIVERSEN
    PDF
  • Capital / shares21/01/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    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 2025-634,7 k €↑
  2. 2024
    Annual accounts 2024-894,6 k €↓
  3. 2023
    Annual accounts 2023-531,3 k €
  4. 30/06/2022
    IncorporationPrivate limited company