West X
The computed 12-month bankruptcy probability of West X is 0.8% (low). The 2024 annual accounts show equity of €8k and a net result of €19k. Equity is shrinking by ~41.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 37% of 4949 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €8k |
| Net result | €19k |
| Staff (FTE) | 0.8 |
| Better than sector | 37% |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 5.2% | 16.7% | |
| Net result | €19k | €2k | |
| Equity | €8k | €27k | |
| Gross operating margin | €65k | €27k | |
| Staff costs | €43k | €20k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €21k |
| Net profit | €19k |
| Cash flow | €24k |
| Staff costs | €43k |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €146k |
| Equity | €8k |
| Debt | €138k |
| of which ≤ 1y | €138k |
| of which > 1y | - |
| Working capital | €-34k |
| Employees (FTE) | 0.8 |
| 2024 | |
|---|---|
| Current ratio | 0.75 |
| Quick ratio | 0.75 |
| Working capital ratio | -23.3% |
| Solvency | 5.2% |
| Debt / equity | 18.11 |
| Long-term debt ratio | - |
| Interest coverage | 73.42 |
| Gross margin | - |
| Net margin | - |
| ROA | 13.3% |
| ROE | 255.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €146k |
| Fixed assets | 21/28 | €42k |
| Intangible fixed assets | 21 | €14k |
| Tangible fixed assets | 22/27 | €27k |
| Current assets | 29/58 | €104k |
| Amounts receivable within one year | 40/41 | €68k |
| Cash & bank | 54/58 | €37k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €146k |
| Equity | 10/15 | €8k |
| Contributions / capital | 10/11 | €5k |
| Reserves | 13 | €3k |
| Accumulated profits (losses) | 14 | €0 |
| Amounts payable | 17/49 | €138k |
| Amounts payable within one year | 42/48 | €138k |
| Trade debts payable within one year | 44 | €19k |
| Income statement | ||
| Gross operating margin | 9900 | €65k |
| Operating result | 9901 | €17k |
| Financial income | 75 | €3k |
| Financial charges | 65 | €292 |
| Result before taxes | 9903 | €19k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €19k |
| Result to be appropriated | 9905 | €19k |
| NACE primary | Real estate activities(68310) |
| Legal form | Private limited company(610) |
| Incorporation | 12-02-2021 |
| Status | Active |
| Postal code | 8430 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011B0177/00G002 | Flanders | 452 m² | 1 · 369 m² | 18.7 m · 6 fl. |
| 35022A0001/00E067 | Flanders | 190 m² | - | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
02-10-2024 DECLERCQ Laura resigns as permanent representative
- DECLERCQ Laura, Vaste vertegenwoordiger
Technical details
{
"events": [
{
"kind": "director_out",
"role": "vaste_vertegenwoordiger",
"person": {
"rrn": null,
"name": "DECLERCQ Laura",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": {
"kbo": null,
"name": "CommV LAUD INVEST",
"address": null,
"country": null,
"legal_form": null
},
"statutory": "statutair",
"compensated": null,
"effective_date": "2024-09-04",
"evidence_quote": "De algemene vergadering neemt kennis van de ontslagbrief dd. 04 september 2024 van mevrouw DECLERCQ Laura, vaste vertegenwoordiger van CommV LAUD INVEST waarbij CommV LAUD INVEST, met als vaste vertegenwoordiger van mevrouw DECLERCQ Laura, met onmiddellijke ingang ontslag wenst te nemen als bestuurd",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Luik",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-10-02",
"filing_date": "2024-09-24",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2024-09-04",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0763.558.462",
"name_full": "WEST X",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "DECOCK Christophe",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}15-05-2024 Registered office moved within Middelkerke
- Koning Ridderdijk 11, 8434 Middelkerke → Kerkstraat 71, 8430 Middelkerke
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Kerkstraat 71, 8430 Middelkerke",
"city": "Middelkerke",
"region": "vlaams_gewest",
"street": "Kerkstraat",
"country": "BE",
"postcode": "8430",
"box_number": null,
"street_number": "71",
"locality_suffix": null
},
"old_address": {
"raw": "Koning Ridderdijk 11, 8434 Middelkerke",
"city": "Middelkerke",
"region": "vlaams_gewest",
"street": "Koning Ridderdijk",
"country": "BE",
"postcode": "8434",
"box_number": null,
"street_number": "11",
"locality_suffix": null
},
"effective_date": "2024-03-19",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-05-15",
"filing_date": "2024-05-06",
"act_kind_objet": "Zetel (zetelverplaatsing)"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2024-01-18",
"unanimous": null
},
"subject_company": {
"kbo": "0763.558.462",
"name_full": "West X",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Christophe Decock",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"notulen van de bijzondere algemene vergadering dd. 18/01/2024"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | West X |