WEST van
ActiveWEST van has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €-17k. Equity is shrinking by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 91 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▲+15
Solvency32▼-4
Growth32=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.75 against 0.9 in 2024; short-term debt: 34.6% and cash: 6% of total assets), and 92.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
7.1%
Return on assets
-4.6%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Sector 29
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-17k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 91 sector peers (2025).
NBB · sector comparisonPosition among 91 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
47 d late
2023
51 d late
2022
35 d late
2021
9 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€26k▼ 39.4%
2024 · €43k
2021: €67k
2022: €101k
2023: €85k
2024: €43k
2021 → 2025
Total assets
€367k▼ 7.9%
2024 · €399k
2021: €130k
2022: €154k
2023: €451k
2024: €399k
2021 → 2025
Net result
€-17k▲ 60.3%
2024 · €-42k
2021: €40k
2022: €34k
2023: €-16k
2024: €-42k
2021 → 2025
Working capital
€-32k▼ 156%
2024 · €-13k
2021: €36k
2022: €71k
2023: €59k
2024: €-13k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€101k▲ 51.6%€85k▼ 16.0%€43k▼ 49.8%€26k▼ 39.4%
Operating result€50k-€38k▼ 24.3%€-31k€-33k▼ 7.0%€-9k▲ 73.5%
Net result€40k-€34k▼ 14.7%€-16k€-42k▼ 162%€-17k▲ 60.3%
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 €9k in 2025 against €33k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €367k
Fixed assets
€272k▼ 5.6%
Current assets
€95k▼ 14.0%
Equity and liabilities €367k
Equity
€26k▼ 39.4%
Debt
€341k▼ 4.2%
The debt ratio rises from 89.3% to 92.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7k▲
2024 · €-17k
Cash flow
€-740▲
2024 · €-26k
Solvency
7.1%▼
2024 · 10.7%
Current ratio
0.75▼
2024 · 0.90
Quick ratio
0.72▼
2024 · 0.79
Debt / equity
13.18▲
2024 · 8.33
ROE
-65.1%▲
2024 · -99.3%
ROA
-4.6%▲
2024 · -10.6%
Interest coverage
0.78▲
2024 · -1.63
Debt
€341k▼
2024 · €356k
Debt ≤ 1 year
€127k▲
2024 · €123k
Debt > 1 year
€214k▼
2024 · €232k
Income taxes
€172▲
2024 · €96
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€399k€367k▼
Fixed assets21/28€288k€272k▼
Intangible fixed assets21€332€92▼
Tangible fixed assets22/27€288k€272k▼
Land and buildings22€281k€269k▼
Plant, machinery and equipment23€6k€3k▼
Current assets29/58€110k€95k▼
Stocks and contracts in progress3€13k€3k▼
Stocks30/36€13k€3k▼
Amounts receivable within one year40/41€74k€70k▼
Trade receivables40€43k€39k▼
Other amounts receivable41€31k€30k▼
Cash at bank and in hand54/58€23k€22k▼
Deferred charges and accrued income490/1€99€370▲
Equity and liabilities
Total equity and liabilities10/49€399k€367k▼
Equity10/15€43k€26k▼
Contributions10/11€26k€26k=
Reserves13€33k€33k=
Distributable reserves133€33k€33k=
Profit (loss) carried forward14€-17k€-34k▼
Amounts payable17/49€356k€341k▼
Amounts payable after more than one year17€232k€214k▼
Financial debts170/4€232k€214k▼
Amounts payable within one year42/48€123k€127k▲
Current portion of amounts payable after more than one year42€19k€20k▲
Trade debts44€60k€61k▲
Suppliers440/4€60k€61k▲
Taxes, remuneration and social security45€44k€7k▼
Taxes450/3€42k€7k▼
Remuneration and social security454/9€3k-
Other amounts payable47/48-€40k
Accrued charges and deferred income492/3€367€367=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-30k-
Other operating charges640/8€9k€5k▼
Gross operating margin9900€-40k€12k▲
Operating profit (loss)9901€-33k€-9k▲
Financial income75/76B€838€1k▲
Recurring financial income75€838€1k▲
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€-42k€-17k▲
Income taxes67/77€96€172▲
Profit (loss) for the period9904€-42k€-17k▲
Profit (loss) for the period to be appropriated9905€-42k€-17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-34k▼
Profit (loss) brought forward from the previous period14P€26k€-17k▼
The notes to these accounts (10 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
04-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 35 days late
2022
31-12
Financial
Equity above €100kEq €101k ▲51.6%
2 profitable years in a row build equity to €101k.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Gembloux · 1 establishment unit since 2021
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.
Rue Haie Nicolas 265030 Gembloux1 establishment unit
WEST van
since 20212.318.130.249
Similar companies · same sector, comparable size
SBR SOLUTIONS
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BUZUN
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MOBIWORX
BE 1001.001.396
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NL Custom and Clean Cars
BE 0794.255.202
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Of 248 companies in sector 29201 we hold annual accounts for 120. 55 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-05-2021
Fiscal year end31-12
Activities, NACEBEL
29201Manufacture of motor vehicles, trailers and semi-trailers
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.westvan.be/
E-mail:contact@westvan.be