WESTARTUP
ActiveWESTARTUP has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €55k and a net result of €70k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+91
Solvency56▲+50
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 0.72 in 2023; short-term debt: 68.1% and cash: 74.1% of total assets), and 69.2% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 20785 sector peers (2024).
NBB · sector comparisonPosition among 20785 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
49 d late
2022
19 d early
2021
86 d late
2020
31 d late
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€55k
2023 · €-16k
2018: €12k
2019: €-12k
2020: €-14k
2021: €74k
2022: €-9k
2023: €-16k
2018 → 2024
Total assets
€178k▲ 115%
2023 · €83k
2018: €20k
2019: €903
2020: €32k
2021: €246k
2022: €187k
2023: €83k
2018 → 2024
Net result
€70k
2023 · €-6k
2018: €4k
2019: €-24k
2020: €-2k
2021: €88k
2022: €-84k
2023: €-6k
2018 → 2024
Working capital
€45k
2023 · €-28k
2018: €13k
2019: €-11k
2020: €6k
2021: €64k
2022: €68k
2023: €-28k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-14k-€74k€-9k€-16k▼ 65.3%€55k
Operating result€-2k-€114k€-83k€-6k▲ 93.1%€71k
Net result€-2k-€88k€-84k€-6k▲ 92.6%€70k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €71k after a loss of €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €178k
Fixed assets
€12k▼ 8.3%
Current assets
€166k▲ 138%
Equity and liabilities €178k
Equity
€55k
Debt
€124k
Debt finances 69.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€74k▲
2023 · €-4k
Cash flow
€73k▲
2023 · €-4k
Solvency
30.8%▲
2023 · -18.8%
Current ratio
1.37▲
2023 · 0.72
Quick ratio
1.37▲
2023 · 0.72
Debt / equity
2.25▲
2023 · -6.31
ROE
128.4%
ROA
39.5%▲
2023 · -7.4%
Interest coverage
82.15▲
2023 · -9.57
Debt
€124k▲
2023 · €99k
Debt ≤ 1 year
€122k▲
2023 · €97k
Staff costs
€111k▲
2023 · €78k
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€83k€178k▲
Fixed assets21/28€13k€12k▼
Intangible fixed assets21€7k€5k▼
Tangible fixed assets22/27-€1k
Furniture and vehicles24-€1k
Financial fixed assets28€6k€6k=
Current assets29/58€70k€166k▲
Amounts receivable within one year40/41€53k€31k▼
Trade receivables40€52k€31k▼
Other amounts receivable41€377€74▼
Cash at bank and in hand54/58€17k€132k▲
Deferred charges and accrued income490/1€330€3k▲
Equity and liabilities
Total equity and liabilities10/49€83k€178k▲
Equity10/15€-16k€55k▲
Contributions10/11€6k€6k=
Reserves13€4k€4k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-26k€44k▲
Amounts payable17/49€99k€124k▲
Amounts payable within one year42/48€97k€122k▲
Trade debts44€52k€63k▲
Suppliers440/4€52k€63k▲
Taxes, remuneration and social security45€32k€49k▲
Taxes450/3€15k€30k▲
Remuneration and social security454/9€18k€19k▲
Other amounts payable47/48€13k€10k▼
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€78k€111k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€77k€187k▲
Operating profit (loss)9901€-6k€71k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€373€898▲
Recurring financial charges65€373€898▲
Profit (loss) for the period before taxes9903€-6k€70k▲
Profit (loss) for the period9904€-6k€70k▲
Profit (loss) for the period to be appropriated9905€-6k€70k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€44k▲
Profit (loss) brought forward from the previous period14P€-20k€-26k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €70k
Net result €70k after 2 loss-making years.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-84k ▼194%
Net result drops to €-84k, the lowest in the series; recovery starts the following year.
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
2021
31-12
Financial
Back to profitnet €88k
Net result €88k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity times 19current ratio 1.44
Current ratio from 0.07 to 1.44.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 457 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · 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
3 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, Asse · 2 establishment units since 2010
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.
Brusselsesteenweg 181730 AsseGround area
3,556 m²
Building footprint
239 m²
Volume, LiDAR
2,068 m³
2 parcels, Brussels, Flanders · tallest building 19.2 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
WESTARTUP
since 20102.186.166.994
WESTARTUP
since 20182.302.489.097
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0562/00L002 | Brussels | 3,187 m² | 1 · 71 m² | 19.2 m · 6 fl. |
| 23322E0103/00N000 | Flanders | 369 m² | 1 · 167 m² | 10.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
European Union, budget
2022 · 1 entry · 59,995 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2022 | 1 | 59,995 EUR |
Projects
CONFERENCE: ORGANISATION OR/AND PARTICIPATION EXPENSES
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 1,360 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-03-2010
Fiscal year end31-12
Activities, NACEBEL
62900Other information technology and computer services
82300Organisation of conventions and trade shows
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.