WEST CONSTRUCT
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline14-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-08-2024, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
21 d late
2022
4 d late
2021
5 d early
2020
31 d late
2019
180 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, abbreviated schema
Turnover
€23.05M
EBIT margin
-4.2%
Net result
€-4k
2022 · €11k
2018: €-989k
2020: €20k
2021: €15k
2022: €11k
2018 → 2023
Working capital
€1.36M▼ 0.3%
2022 · €1.37M
2018: €1.25M
2020: €1.34M
2021: €1.36M
2022: €1.37M
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182020202120222023Trend
Turnover€23.05M-
Equity€1.32M-€1.34M▲ 1.5%€1.36M▲ 1.1%€1.37M▲ 0.8%€1.36M▼ 0.3%
Operating result€-966k-€-5k▲ 99.5%€-8k▼ 85.9%€-2k▲ 82.1%€-4k▼ 136%
Net result€-989k-€20k€15k▼ 23.5%€11k▼ 31.2%€-4k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2023 against €2k in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €1.36M
Equity
€1.36M▼ 0.3%
Debt
€2k▲ 78.3%
The debt ratio rises from 0.1% to 0.1%: debt grows while equity shrinks.
Key figures and ratios
Solvency
99.9%▼
2022 · 99.9%
Debt / equity
0.00▲
2022 · 0.00
ROE
-0.3%▼
2022 · 0.8%
ROA
-0.3%▼
2022 · 0.8%
Debt
€2k▲
2022 · €901
Debt ≤ 1 year
€2k▲
2022 · €901
A ratio outside any meaningful range has been withheld (balance sheet total €1.36M, equity €1.36M).
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€1.37M€1.36M▼
Current assets29/58€1.37M€1.36M▼
Amounts receivable within one year40/41€1.37M€1.36M▼
Other amounts receivable41€1.37M€1.36M▼
Cash at bank and in hand54/58€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.37M€1.36M▼
Equity10/15€1.37M€1.36M▼
Contributions10/11€900k€900k=
Capital10€900k€900k=
Issued capital100€900k€900k=
Reserves13€631k€631k=
Non-distributable reserves130/1€408k€408k=
Legal reserve130€132k€132k=
Other1319€276k€276k=
Tax-exempt reserves132€75k€75k=
Distributable reserves133€148k€148k=
Profit (loss) carried forward14€-165k€-169k▼
Amounts payable17/49€901€2k▲
Amounts payable within one year42/48€901€2k▲
Trade debts44€901€2k▲
Suppliers440/4€901€2k▲
Income statement
Code20222023
Goods, raw materials, services and sundry goods60/61-€3k
Other operating charges640/8-€83
Gross operating margin9900€-2k€-3k▼
Operating profit (loss)9901€-2k€-4k▼
Financial income75/76B€12k-
Recurring financial income75€12k-
Financial charges65/66B€60€514▲
Recurring financial charges65€60€514▲
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€11k€-4k▼
Profit (loss) for the period9904€11k€-4k▼
Profit (loss) for the period to be appropriated9905€11k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-165k€-169k▼
Profit (loss) brought forward from the previous period14P€-175k€-165k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2022
31-12
Financial
Liquidity times 5current ratio 1517.15
Current ratio from 277.70 to 1517.15; short-term debt falls from €5k to €901.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 180 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 546 days late
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-12
Financial
Liquidity times 286current ratio 309.58
Current ratio from 1.08 to 309.58; short-term debt falls from €15.06M to €4k.
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 241 days late
21-03
State Gazette act
Board meeting · General meeting
Merger · Accounting effect · Tim CARNEWAL
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 185 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
13-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 13 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 directors, no change since 2023
Jean Pôlet
CurrentDirector · since 21-01-2021
Mazars Bedrijfsrevisoren CV
CurrentAuditor · since 21-01-2021
Willem Eggerickx
CurrentDirector · since 03-05-2016
Dirk van Lokeren
Not recently confirmedDirector · since 21-11-2017
Jean Polet
Not recently confirmedDirector · since 21-11-2017
Jules Janssen SPRL
Not recently confirmedDirector · since 21-11-2017 · Legal entity
04-09-2023
Jean Pôlet: Appointed as Director
04-09-2023
Willem Eggerickx: Appointed as Director
21-01-2021
Jean Pôlet: Appointed as Director
21-01-2021
Mazars Bedrijfsrevisoren CV: Appointed as Auditor
21-01-2021
Willem Eggerickx: Appointed as Director
21-01-2021
Anton Nuttens: Appointed as Auditor
21-01-2021
Karel Vermeersch: Resigned as Director
21-11-2017
Willem Eggerickx: Appointed as Director
21-11-2017
Dirk van Lokeren: Appointed as Director
21-11-2017
Jean Polet: Appointed as Director
21-11-2017
Jules Janssen SPRL: Appointed as Director
21-11-2017
Karel Vermeersch: Appointed as Managing director
21-11-2017
Jules Janssen: Resigned as Director
17-08-2017
Stéphane Pieters: Resigned as Director
03-05-2016
Willem Eggerickx: Appointed as Director
03-05-2016
Karel Vermeersch: Appointed as Managing director
03-05-2016
Stéphane Pieters: Appointed as Director
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.
Statutory auditor
4 auditors| Ben VandeweyerCurrent Statutory auditor | 09-09-2024 → present |
| Mazars Bedrijfsrevisoren CVCurrent Statutory auditor | 04-09-2023 → present |
Show 2 earlier auditors
| Anton Nuttens Statutory auditor | - → 09-09-2024 |
| Hugo Van Passel Statutory auditor succeeded by Mazars Bedrijfsrevisoren CV in 2023 | 04-05-2011 → 04-09-2023 |
Structure & network
Acquisitions and mergers
1 transactionTaken over by:N.V. BESIX S.A.
Recognitions · licences · registrations
Legal Entity Identifier
967600PX1QGWZMTA5Q86