WEST INDUSTRY
ActiveFor WEST INDUSTRY, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €5k and a net result of €-22k. Equity is growing by ~36.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 5388 sector peers (fiscal year 2023). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability30▼-54
Solvency27▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
1.8%
Return on assets
-8.8%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
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 deadline22-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 08-12-2025, 495 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
495 d late
2022
32 d late
2021
22 d late
2020
25 d late
2019
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€5k▼ 82.7%
2022 · €27k
2018: €-11k
2019: €-12k
2020: €-32k
2021: €-5k
2022: €27k
2018 → 2023
Total assets
€254k▼ 5.1%
2022 · €268k
2018: €315k
2019: €323k
2020: €313k
2021: €261k
2022: €268k
2018 → 2023
Net result
€-22k
2022 · €32k
2018: €-10k
2019: €-1k
2020: €-19k
2021: €27k
2022: €32k
2018 → 2023
Working capital
€-37k
2022 · €49k
2018: €38k
2019: €24k
2020: €7k
2021: €38k
2022: €49k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-12k-€-32k▼ 156%€-5k▲ 84.3%€27k€5k▼ 82.7%
Operating result€16k-€-1k€41k€48k▲ 16.7%€-9k
Net result€-1k-€-19k▼ 1,540%€27k€32k▲ 19.1%€-22k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €9k after €48k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €254k
Fixed assets
€176k▲ 20.8%
Current assets
€78k▼ 36.1%
Equity and liabilities €254k
Equity
€5k▼ 82.7%
Debt
€249k▲ 3.6%
The debt ratio rises from 89.9% to 98.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32k▼
2022 · €82k
Cash flow
€18k▼
2022 · €66k
Solvency
1.8%▼
2022 · 10.1%
Current ratio
0.68▼
2022 · 1.67
Quick ratio
0.68▼
2022 · 1.67
Debt / equity
53.58▲
2022 · 8.93
ROE
-478.9%▼
2022 · 118.5%
ROA
-8.8%▼
2022 · 11.9%
Interest coverage
2.68▼
2022 · 13.58
Debt
€249k▲
2022 · €241k
Debt ≤ 1 year
€115k▲
2022 · €73k
Debt > 1 year
€135k▼
2022 · €168k
Income taxes
€2k▼
2022 · €10k
Staff costs
€97k▲
2022 · €83k
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€268k€254k▼
Fixed assets21/28€146k€176k▲
Tangible fixed assets22/27€146k€176k▲
Land and buildings22€114k€91k▼
Plant, machinery and equipment23€23k€22k▼
Furniture and vehicles24€9k€63k▲
Current assets29/58€122k€78k▼
Amounts receivable within one year40/41€106k€72k▼
Trade receivables40€93k€63k▼
Other amounts receivable41€13k€9k▼
Cash at bank and in hand54/58€15k€5k▼
Equity and liabilities
Total equity and liabilities10/49€268k€254k▼
Equity10/15€27k€5k▼
Contributions10/11€18k€18k=
Reserves13€9k€9k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14-€-22k
Amounts payable17/49€241k€249k▲
Amounts payable after more than one year17€168k€135k▼
Financial debts170/4€168k€135k▼
Amounts payable within one year42/48€73k€115k▲
Current portion of amounts payable after more than one year42€31k€33k▲
Trade debts44€35k€36k▲
Suppliers440/4€35k€36k▲
Taxes, remuneration and social security45€6k€2k▼
Taxes450/3€6k€92▼
Remuneration and social security454/9-€2k
Other amounts payable47/48-€43k
Income statement
Code20222023
Remuneration, social security and pensions62€83k€97k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€40k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€169k€133k▼
Operating profit (loss)9901€48k€-9k▼
Financial charges65/66B€6k€12k▲
Recurring financial charges65€6k€12k▲
Profit (loss) for the period before taxes9903€42k€-21k▼
Income taxes67/77€10k€2k▼
Profit (loss) for the period9904€32k€-22k▼
Profit (loss) for the period to be appropriated9905€32k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-22k▼
Profit (loss) brought forward from the previous period14P€-25k-
Transfer to equity691/2€7k-
To other reserves6921€7k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 495 days late
2023
31-12
Financial
Weakest financial yearnet €-22k ▼170%
Net result drops to €-22k, the lowest in the series.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €32k ▲19.1%
Operating result €48k, net result €32k, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €27k
Net result €27k after 3 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
10-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
Registered office, Maaseik · 1 establishment unit since 2008
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.
Driebekenweg 123680 MaaseikGround area
2,674 m²
Building footprint
765 m²
Volume, LiDAR
4,796 m³
Parcel 72021A1862/00W002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
West industry
since 20082.170.982.734
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021A1862/00W002 | Flanders | 2,674 m² | 1 · 765 m² | 8.0 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.
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Of 7,013 companies in sector 81220 we hold annual accounts for 2,416. 943 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-03-2003
Fiscal year end31-12
Activities, NACEBEL
74700
81220Other building cleaning and industrial cleaning
25530Machining of metals
33120Repair and maintenance of machinery
46140Agents in the wholesale of industrial machinery, ships and aircraft
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.