ACTIVE

GREENWAY

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Financial year 2025 · closed on 31/12/2025

Net result

7,1 k €

-10.2% YoY

Revenue

831,7 k €

+14.6% YoY

Equity

57,6 k €

+13.9% YoY

What does GREENWAY do?

GREENWAY is a Private limited company incorporated in 2006. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Morlanwelz.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0881.921.624

Incorporation

16/06/2006

Legal form

Private limited company

Registered office

Place Albert 1er(MLZ) 24 box 1
7140 Morlanwelz · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

47110Retail sale in non-specialised stores with food, beverages or tobacco predominating· main 47260Retail sale of tobacco products in specialised stores 47260Retail sale of tobacco products in specialised stores 47120Retail sale in non-specialised stores 47191Other retail sale in non-specialised stores

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Revenue	831,7 k €	+14.6%	725,5 k €	+6.6%	680,7 k €	+36.5%	498,8 k €	-19.3%	618 k €		–		–		–		–		–		–		–		–		–		–		–		497,8 k €	+11.6%	446,1 k €	+276%	118,6 k €
EBITDA	9,6 k €	+20.0%	8 k €	+3.1%	7,7 k €	+48.7%	5,2 k €	+17.0%	4,5 k €	-77.5%	19,8 k €	+52.5%	13 k €	+101%	6,5 k €	-20.3%	8,1 k €	+652%	-1,5 k €	+48.0%	-2,8 k €	-123%	12,5 k €	+578%	-2,6 k €	-135%	7,5 k €	+168%	-11 k €	-266%	6,6 k €	-7.8%	7,2 k €	-48.8%	14 k €	+199%	-14,1 k €
Operating result	9,1 k €	+13.4%	8 k €	+21.5%	6,6 k €	+26.2%	5,2 k €	+17.0%	4,5 k €	-77.2%	19,5 k €	+53.7%	12,7 k €	+105%	6,2 k €	-15.0%	7,3 k €	+421%	-2,3 k €	+48.6%	-4,4 k €	-138%	11,6 k €	+439%	-3,4 k €	-182%	4,2 k €	+129%	-14,2 k €	-475%	3,8 k €	+2.8%	3,7 k €	-72.3%	13,4 k €	+187%	-15,3 k €
Net result	7,1 k €	-10.2%	7,9 k €	+49.8%	5,2 k €	+39.1%	3,8 k €	+31.7%	2,9 k €	-80.3%	14,5 k €	+51.6%	9,6 k €	+96.8%	4,9 k €	-13.6%	5,6 k €	+293%	-2,9 k €	+57.1%	-6,8 k €	-175%	9,1 k €	+322%	-4,1 k €	-256%	2,6 k €	+118%	-14,7 k €	-566%	-2,2 k €	-168%	3,3 k €	-68.4%	10,3 k €	+167%	-15,4 k €
Balance sheet
Equity	57,6 k €	+13.9%	50,6 k €	+18.4%	42,7 k €	+14.0%	37,5 k €	+11.2%	33,7 k €	+9.3%	30,9 k €	+89.1%	16,3 k €	+143%	6,7 k €	+263%	1,9 k €	+149%	-3,8 k €	-334%	-872,5 €	-115%	5,9 k €	+289%	-3,1 k €	-433%	941,8 €	+157%	-1,7 k €	-113%	13 k €	-14.5%	15,2 k €	+27.2%	12 k €	+231%	-9,2 k €
Total assets	106,3 k €	+56.1%	68,1 k €	+29.0%	52,8 k €	-4.9%	55,5 k €	-54.6%	122,1 k €	+162%	46,7 k €	+141%	19,3 k €	-34.4%	29,5 k €	+79.5%	16,4 k €	-17.2%	19,8 k €	-3.1%	20,5 k €	+5.7%	19,4 k €	+13.8%	17 k €	+3.6%	16,4 k €	-13.7%	19 k €	-63.4%	52 k €	+66.8%	31,1 k €	+108%	15 k €	+179%	5,4 k €
Cash	42,4 k €	-11.9%	48,2 k €	+113%	22,6 k €	+42.4%	15,9 k €	-83.7%	97,1 k €	+275%	25,9 k €	+837%	2,8 k €	-66.3%	8,2 k €	+119%	3,7 k €	+146%	1,5 k €	-30.6%	2,2 k €	-53.1%	4,7 k €	+58.2%	3 k €	+50.9%	2 k €	+2.2%	1,9 k €	-70.4%	6,5 k €	+93.1%	3,4 k €	+12.9%	3 k €	+45.7%	2 k €
Debts	48,3 k €	+175%	17,5 k €	+74.4%	10,1 k €	-44.1%	18 k €	-79.6%	88,4 k €	+459%	15,8 k €	+423%	3 k €	-86.7%	22,7 k €	+56.1%	14,6 k €	-38.3%	23,6 k €	+10.7%	21,3 k €	+58.9%	13,4 k €	-33.3%	20,1 k €	+30.2%	15,5 k €	-25.2%	20,7 k €	-45.3%	37,8 k €	+138%	15,9 k €	+433%	3 k €	-79.5%	14,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,3 ETP	-70.0%	1,0 ETP		–		1,0 ETP		–		–		–		–

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 31/12/2020 · 4 active · 11 ended

Active mandates

Fasial NOVEED

Director · since 27 février 2007

Active

Khawar SHAZAD

Director

Active

Naeem JAVED

Director

Active

Shakeel MUHAMMAD

Director

Active

Ended mandates

Shakeel MUHAMMAD

Associate · since 01 avril 2014

Ended

Fasial NOVEED

Associate · since 01 octobre 2013

Ended

Khawar SHAZAD

Manager · since 01 octobre 2013

Ended

Naeem JAVED

Associate · since 11 avril 2013

Ended

At this address

Other companies at this address

Company	CBE no.
Cinéma du Préau● Active	0401.777.958

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	27/07/2026	21/08/2025	20/08/2024	24/07/2023	30/09/2022	13/07/2021
General meeting	20/05/2026	20/05/2025	16/05/2024	20/05/2023	19/05/2022	20/05/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	20/05/2026	27/07/2026	French	PDF
Micro model	31/12/2024	20/05/2025	21/08/2025	French	PDF
Micro model	31/12/2023	16/05/2024	20/08/2024	French	PDF
Micro model	31/12/2022	20/05/2023	24/07/2023	French	PDF
Micro model	31/12/2021	19/05/2022	30/09/2022	French	PDF
Micro model	31/12/2020	20/05/2021	13/07/2021	French	PDF
Micro model	31/12/2019	09/07/2020	27/07/2020	French	PDF
Micro model	31/12/2018	20/05/2019	02/08/2019	French	PDF
Micro model	31/12/2017	22/05/2018	12/06/2018	French	PDF
Micro model	31/12/2016	20/05/2017	24/07/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	26/07/2016	French	PDF
Abridged model	31/12/2014	20/05/2015	27/07/2015	French	PDF
Abridged model	31/12/2013	17/09/2014	18/09/2014	French	PDF
Abridged model	31/12/2012	21/05/2013	23/07/2013	French	PDF
Abridged model	31/12/2011	17/09/2012	17/09/2012	French	PDF
Abridged model	31/12/2010	20/05/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	02/05/2010	12/07/2010	French	PDF
Abridged model	31/12/2008	02/08/2009	19/10/2009	French	PDF
Abridged model	31/12/2006	19/06/2007	25/07/2007	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 31/12/2020 · 4 active · 11 ended

Active mandates

Fasial NOVEED

Director · since 27 février 2007

Active

Khawar SHAZAD

Director

Active

Naeem JAVED

Director

Active

Shakeel MUHAMMAD

Director

Active

Ended mandates

Shakeel MUHAMMAD

Associate · since 01 avril 2014

Ended

Fasial NOVEED

Associate · since 01 octobre 2013

Ended

Khawar SHAZAD

Manager · since 01 octobre 2013

Ended

Naeem JAVED

Associate · since 11 avril 2013

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/02/2025
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates27/01/2025
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Capital / shares09/10/2024
CAPITAL, ACTIONS
PDF
Registered office22/06/2018
SIEGE SOCIAL - DIVERS
PDF
Mandates17/04/2014
ADRESSE AUTRE QUE SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates11/10/2013
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates06/05/2013
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates08/03/2013
DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 20257,1 k €↓
2024
Annual accounts 20247,9 k €↑
2023
Annual accounts 20235,2 k €↑
2023
Name changeGREEN WAY
2022
Annual accounts 20223,8 k €↑
2021
Annual accounts 20212,9 k €↓
2021
Name changeGREENWAY
2020
Annual accounts 202014,5 k €↑
2019
Annual accounts 20199,6 k €↑
2018
Annual accounts 20184,9 k €↓
2017
Annual accounts 20175,6 k €↑
2016
Annual accounts 2016-2,9 k €↑
2015
Annual accounts 2015-6,8 k €↓
2014
Annual accounts 20149,1 k €↑
2013
Annual accounts 2013-4,1 k €↓
2012
Annual accounts 20122,6 k €↑
2011
Annual accounts 2011-14,7 k €↓
2010
Annual accounts 2010-2,2 k €↓
2009
Annual accounts 20093,3 k €↓
2008
Annual accounts 200810,3 k €↑
2006
Annual accounts 2006-15,4 k €
16/06/2006
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

GREENWAY

Overview

What does GREENWAY do?

Trend over 19 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline