Newmo Westerlo
ActiveNewmo Westerlo has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €265k and a net result of €-154k. Equity is growing by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 27% of 4501 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-41
Solvency40▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.08 in 2024; short-term debt: 67.7% of total assets), and 85.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
38 d early
2023
42 d early
2022
55 d early
2021
40 d early
2020
45 d early
2019
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-154k
2024 · €74k
2018: €-763k
2019: €-235k
2020: €369k
2021: €-60k
2022: €36k
2023: €12k
2024: €74k
2018 → 2025
Working capital
€-1.18M▼ 17.1%
2024 · €-1.00M
2018: €-1.35M
2019: €-2.46M
2020: €-1.58M
2021: €-1.46M
2022: €-1.05M
2023: €-1.04M
2024: €-1.00M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-44k-€332k€344k▲ 3.7%€419k▲ 21.5%€265k▼ 36.7%
Operating result€-3k-€86k€82k▼ 5.4%€146k▲ 78.4%€-93k
Net result€-60k-€36k€12k▼ 65.6%€74k▲ 504%€-154k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €93k after €146k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.80M
Fixed assets
€1.76M▼ 4.0%
Current assets
€41k▼ 54.1%
Equity and liabilities €1.80M
Equity
€265k▼ 36.7%
Debt
€1.53M▲ 2.2%
The debt ratio rises from 78.2% to 85.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-21k▼
2024 · €219k
Cash flow
€-81k▼
2024 · €147k
Solvency
14.7%▼
2024 · 21.8%
Current ratio
0.03▼
2024 · 0.08
Quick ratio
0.03▼
2024 · 0.08
Debt / equity
5.78▲
2024 · 3.58
ROE
-58.1%▼
2024 · 17.7%
ROA
-8.6%▼
2024 · 3.9%
Interest coverage
-0.34▼
2024 · 3.03
Debt
€1.53M▲
2024 · €1.50M
Debt ≤ 1 year
€1.22M▲
2024 · €1.09M
Debt > 1 year
€309k▼
2024 · €406k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.92M€1.80M▼
Fixed assets21/28€1.83M€1.76M▼
Tangible fixed assets22/27€1.83M€1.76M▼
Land and buildings22€1.83M€1.76M▼
Plant, machinery and equipment23€0-
Current assets29/58€89k€41k▼
Amounts receivable within one year40/41€89k€41k▼
Trade receivables40€89k€38k▼
Other amounts receivable41-€3k
Equity and liabilities
Total equity and liabilities10/49€1.92M€1.80M▼
Equity10/15€419k€265k▼
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Revaluation surpluses12€364k€364k=
Reserves13€235k€235k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€233k€233k=
Profit (loss) carried forward14€-680k€-834k▼
Amounts payable17/49€1.50M€1.53M▲
Amounts payable after more than one year17€406k€309k▼
Financial debts170/4€406k€309k▼
Amounts payable within one year42/48€1.09M€1.22M▲
Current portion of amounts payable after more than one year42€92k€97k▲
Financial debts43€982k€1.10M▲
Other loans439€982k€1.10M▲
Trade debts44€7k€16k▲
Suppliers440/4€7k€16k▲
Taxes, remuneration and social security45€12k€0▼
Taxes450/3€12k€0▼
Accrued charges and deferred income492/3-€6k
Income statement
Code20242025
Non-recurring operating income76A€121€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€73k▼
Other operating charges640/8€6k€16k▲
Gross operating margin9900€224k€-5k▼
Operating profit (loss)9901€146k€-93k▼
Financial income75/76B€555€0▼
Recurring financial income75€555€0▼
Financial charges65/66B€72k€60k▼
Recurring financial charges65€72k€60k▼
Profit (loss) for the period before taxes9903€74k€-154k▼
Profit (loss) for the period9904€74k€-154k▼
Profit (loss) for the period to be appropriated9905€74k€-154k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-680k€-834k▼
Profit (loss) brought forward from the previous period14P€-754k€-680k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
17-08
State Gazette act
Registered office · Resignations & appointmentsGeneral meeting · Director resignation · Director appointment13 facts ▸
State Gazette act
Registered office · Resignations & appointments
General meeting · Director resignation · Director appointment13 facts ▸
- General meeting, 18/05/2026
- Director resignation, Wesenbeek Walter (bestuurder)
- Director resignation, Aertssen Gregorius (bestuurder)
- Director appointment, Saskia Aertssen (bestuurder)
- Director appointment, Eric Electeur (bestuurder)
- Director appointment, Eric Electeur (gedelegeerd bestuurder)
- Mandate compensation, Saskia Aertssen
- Mandate compensation, Eric Electeur
- Registered-office move, Oud Broek 12, 2940 Stabroek
- Director discharge, Wesenbeek Walter
- Director discharge, Aertssen Gregorius
- Auditor appointment, Deloitte Bedrijfsrevisoren BV
- +1 further facts in this act
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
31-12
Financial
Equity above €200kEq €332k
Equity rises from €-44k to €332k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €369k
Net result €369k after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 142 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2026
Eric Electeur
CurrentManaging director · since 18-05-2026
Saskia Aertssen
CurrentDirector · since 18-05-2026
18-05-2026
Eric Electeur: Appointed as Managing director
18-05-2026
Eric Electeur: Appointed as Director
18-05-2026
Saskia Aertssen: Appointed as Director
13-05-2026
AERTSSEN Gregorius: Resigned as Director
13-05-2026
Wesenbeek Walter: Resigned as Director
Location & real-estate footprint
Registered office, Stabroek · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oud Broek 122940 StabroekGround area
1.7 ha
Building footprint
257 m²
Volume, LiDAR
1,858 m³
Parcel 11044A0108/00B000, Flanders · tallest building 16.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oud Broek 12, 2940 Stabroek
since 20042.145.705.227
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044A0108/00B000 | Flanders | 1.7 ha | 1 · 257 m² | 16.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| DELOITTE Bedrijfsrevisoren BVCurrent Auditor | 17-08-2026 → present |
Structure & network
Connections & network
13 connected companiesLinked via shared directors
viaSaskia Aertssen · Director
→
viaSaskia Aertssen · Secretary
→
viaEric Electeur · Director
former→
viaEric Electeur · Director
former→
Show 9 more companies with a shared director
viaSaskia Aertssen · Director
former→
viaEric Electeur · Director
former→
viaEric Electeur · Director
former→
viaEric Electeur · Director
former→
viaEric Electeur · Director
former→
viaEric Electeur · Director
former→
viaEric Electeur · Director
former→
viaEric Electeur · Director
former→
viaSaskia Aertssen · Permanent representative
former→
Capital and shareholders
Transfer of shares to Ela Invest BV
From the act
“Gezien de overname van de aandelen van Newmo Westerlo NV door Ela Invest BV op 13/05/2026”
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Of 12,014 companies in sector 68203 we hold annual accounts for 5,981. 4,365 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-10-1998
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.