WEST CONCEPT
Bankruptcy closedInactive since 20-04-2026; last annual accounts for fiscal year 2022.
Summary
WEST CONCEPT was declared bankrupt on 31-03-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 14-04-2026, published in the Belgian State Gazette on 28-04-2026.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€-16k▼ 202%
2021 · €-5k
2020: €1k
2021: €-5k
2020 → 2022
Total assets
€14k▲ 54.6%
2021 · €9k
2020: €3k
2021: €9k
2020 → 2022
Net result
€-11k▼ 60.8%
2021 · €-7k
2020: €-5k
2021: €-7k
2020 → 2022
Working capital
€-21k▼ 178%
2021 · €-8k
2020: €1k
2021: €-8k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€1k-€-5k€-16k▼ 202%
Operating result€-5k-€-7k▼ 36.5%€-10k▼ 58.6%
Net result€-5k-€-7k▼ 36.7%€-11k▼ 60.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2022 against €7k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €14k
Fixed assets
€5k ▲ 124%
Current assets
€9k ▲ 29.8%
Key figures and ratios
EBITDA
€-9k▼
2021 · €-6k
Cash flow
€-9k▼
2021 · €-6k
Solvency
-111.1%▼
2021 · -56.8%
Current ratio
0.29▼
2021 · 0.47
Debt to equity
-1.90▲
2021 · -2.76
ROA
-74.3%▼
2021 · -71.5%
Interest coverage
-58.13▲
2021 · -1006.71
Debt
€30k▲
2021 · €15k
Debt ≤ 1 year
€30k▲
2021 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 31 lines
Balance sheet
Code20212022
Assets
Total assets20/58€9k€14k▲
Fixed assets21/28€2k€5k▲
Tangible fixed assets22/27€2k€5k▲
Furniture and vehicles24€2k€5k▲
Current assets29/58€7k€9k▲
Amounts receivable within one year40/41€7k€9k▲
Trade receivables40€6k€7k▲
Other amounts receivable41€368€2k▲
Cash at bank and in hand54/58€38€8▼
Equity and liabilities
Total equity and liabilities10/49€9k€14k▲
Equity10/15€-5k€-16k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Profit (loss) carried forward14€-11k€-22k▼
Amounts payable17/49€15k€30k▲
Amounts payable within one year42/48€15k€30k▲
Trade debts44€6k€184▼
Suppliers440/4€6k€184▼
Other amounts payable47/48€8k€30k▲
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€523€1k▲
Other operating charges640/8-€670
Gross operating margin9900€-6k€-9k▼
Operating profit (loss)9901€-7k€-10k▼
Financial charges65/66B€6€159▲
Recurring financial charges65€6€159▲
Profit (loss) for the period before taxes9903€-7k€-11k▼
Profit (loss) for the period9904€-7k€-11k▼
Profit (loss) for the period to be appropriated9905€-7k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-22k▼
Profit (loss) brought forward from the previous period14P€-5k€-11k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
28-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · SRL WEST CONCEPT AVENUE LOUISE 209A/7, 1050 IXELLES. déclarée le 31 mars 2025 · event 14-04-2026
2025
07-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL WEST CONCEPT AVENUE LOUISE 209A/7, 1050 IXELLES · event 31-03-2025
2024
03-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 187 days late
03-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 552 days late
2022
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series.
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 150 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
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.
Ground area
480 m²
Building footprint
417 m²
Volume, LiDAR
9,711 m³
Parcel 21807G0120/00H005, Brussels · tallest building 29.8 m, ±8 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00H005 | Brussels | 480 m² | 1 · 417 m² | 29.8 m · 8 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE BOURTEMBOURG AVENUE
LOUISE 283/19, 1050 IXELLES- christophe.bourtembourg@everest-
law.eu |
31-03-2025 → 14-04-2026 |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-2020
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.