WEST LIGHT

Active

Public limited companyfounded 198739 yrs activeVloedstraat 15, 8800 Roeselare, BelgiumKBO/BCE: BE 0430.547.762

WEST LIGHT has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €251k and a net result of €4k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 64% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Watch Print / PDF

Checked score

Score 2024

61 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability34▲+18

Solvency80▲+12

Growth52▲+20

Track record100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €15k at 30 days acceptable

Liquidity ample (current ratio 2.98 against 2.1 in 2023; short-term debt: 33.5% and cash: 4% of total assets), and 44.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

61 d late

2022

70 d late

2021

75 d late

2020

31 d late

2019

84 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€251k▲ 1.6%

2023 · €247k

2018: €248k 2019: €219k 2020: €226k 2021: €214k 2022: €261k 2023: €247k

2018 → 2024

Total assets

€453k▼ 21.1%

2023 · €574k

2018: €609k 2019: €589k 2020: €466k 2021: €496k 2022: €512k 2023: €574k

2018 → 2024

Net result

€4k

2023 · €-14k

2018: €10k 2019: €-29k 2020: €7k 2021: €-13k 2022: €47k 2023: €-14k

2018 → 2024

Working capital

€300k=

2023 · €300k

2018: €140k 2019: €119k 2020: €168k 2021: €221k 2022: €297k 2023: €300k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€226k-€214k▼ 5.5%€261k▲ 22.1%€247k▼ 5.5%€251k▲ 1.6%

Operating result€7k-€-16k€66k€-19k€13k

Net result€7k-€-13k€47k€-14k€4k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €13k after a loss of €19k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €453k

99.8%

Fixed assets €940▼ 57.3%

Current assets €452k▼ 21.0%

Equity and liabilities €453k

55.4%

11%

33.6%

Equity €251k▲ 1.6%

Provisions €50k▼ 9.5%

Debt €152k▼ 44.1%

The debt ratio falls from 47.4% to 33.6%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€15k▲

2023 · €-8k

Cash flow

€5k▲

2023 · €-3k

Solvency

55.4%▲

2023 · 43.0%

Current ratio

2.98▲

2023 · 2.10

Quick ratio

1.06▲

2023 · 0.69

Debt / equity

0.61▼

2023 · 1.10

ROE

1.5%▲

2023 · -5.8%

ROA

0.9%▲

2023 · -2.5%

Interest coverage

1.70▲

2023 · -1.60

Debt

€152k▼

2023 · €272k

Debt ≤ 1 year

€152k▼

2023 · €272k

Income taxes

€6k▲

2023 · €944

Staff costs

€231k▼

2023 · €323k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€574k€453k▼

Fixed assets21/28€2k€940▼

Tangible fixed assets22/27€2k€936▼

Land and buildings22€0-

Plant, machinery and equipment23€841€596▼

Furniture and vehicles24€1k€339▼

Leasing and similar rights25€0-

Financial fixed assets28€5€5=

Current assets29/58€572k€452k▼

Stocks and contracts in progress3€385k€291k▼

Stocks30/36€341k€291k▼

Contracts in progress37€44k€0▼

Amounts receivable within one year40/41€154k€136k▼

Trade receivables40€120k€122k▲

Other amounts receivable41€34k€15k▼

Current investments50/53€0€0=

Cash at bank and in hand54/58€29k€18k▼

Deferred charges and accrued income490/1€5k€7k▲

Equity and liabilities

Total equity and liabilities10/49€574k€453k▼

Equity10/15€247k€251k▲

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13€186k€189k▲

Non-distributable reserves130/1€6k€6k=

Legal reserve130€6k€6k=

Tax-exempt reserves132€11k€306▼

Distributable reserves133€169k€182k▲

Profit (loss) carried forward14€-1k€0▲

Provisions and deferred taxes16€55k€50k▼

Provisions for liabilities and charges160/5€50k€50k=

Major repairs and maintenance162€50k€50k=

Deferred taxes168€5k€0▼

Amounts payable17/49€272k€152k▼

Amounts payable after more than one year17€0-

Financial debts170/4€0-

Amounts payable within one year42/48€272k€152k▼

Current portion of amounts payable after more than one year42€13k€0▼

Financial debts43€555€555=

Other loans439€555€555=

Trade debts44€205k€133k▼

Suppliers440/4€205k€133k▼

Taxes, remuneration and social security45€53k€18k▼

Taxes450/3€22k€224▼

Remuneration and social security454/9€31k€18k▼

Accrued charges and deferred income492/3€35€106▲

Income statement Code20232024

Non-recurring operating income76A€0-

Remuneration, social security and pensions62€323k€231k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€1k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€36k€0▼

Other operating charges640/8€11k€13k▲

Non-recurring operating charges66A€34k€0▼

Gross operating margin9900€396k€258k▼

Operating profit (loss)9901€-19k€13k▲

Financial income75/76B€4k€172▼

Recurring financial income75€4k€172▼

Financial charges65/66B€5k€9k▲

Recurring financial charges65€5k€9k▲

Profit (loss) for the period before taxes9903€-20k€5k▲

Transfer from deferred taxes780€7k€5k▼

Income taxes67/77€944€6k▲

Profit (loss) for the period9904€-14k€4k▲

Transfer from tax-exempt reserves789€13k€10k▼

Profit (loss) for the period to be appropriated9905€-1k€14k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-1k€13k▲

Profit (loss) brought forward from the previous period14P-€-1k

Transfer to equity691/2€0€13k▲

To other reserves6921€0€13k▲

Social balance

Average headcount (FTE)90874.44.4=

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 29 days late

2024

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

30-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 61 days late

2023

09-10

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 70 days late

2022

31-12

Financial Back to profitnet €47k

Net result €47k after one loss-making year.

14-10

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 75 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 31 days late

2020

31-12

Financial Back to profitnet €7k

Net result €7k after one loss-making year.

23-10

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 84 days late

2019

31-12

Financial Weakest financial yearnet €-29k ▼380%

Net result drops to €-29k, the lowest in the series; recovery starts the following year.

12-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 12 days late

2018

31-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

25-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 25 days late

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Roeselare · 1 establishment unit since 1988

establishment The establishment unit on the map

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.

Vloedstraat 158800 Roeselare

Ground area

2,912 m²

Building footprint

1,370 m²

Volume, LiDAR

6,558 m³

Parcel 36505B1140/00X000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

WEST LIGHT

Vloedstraat 15, 8800 RoeselareNACE 3150204

since 19882.040.840.408

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36505B1140/00X000	Flanders	2,911 m²	1 · 1,370 m²	7.3 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.

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 510 EUR awarded · 510 EUR paid

Year	Entries	awarded	paid
2022	1	510 EUR	510 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 510 EUR · 510 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

ELEKTRO BART VANSIMAEYS

Mont-de-l'Enclus · Eq €251k

Isola Energy

BE 0896.465.882

Tongeren-Borgloon · Eq €251k

Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 7,894 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded24-02-1987

Fiscal year end31-12

Activities, NACEBEL

43211General electrical installation work

45310

47120Other non-specialised retail sale

47910Retail trade

62900Other information technology and computer services

Sources

Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.