WESTBIKES
ActiveSummary
WESTBIKES has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €17k. Equity is growing by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 1526 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-6
Solvency37▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.32 in 2024; short-term debt: 32.4% and cash: 10% of total assets), and 87.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.2%
Return on assets
4.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
68 d late
2023
28 d late
2022
37 d late
2021
30 d late
2020
27 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€46k▲ 58.5%
2024 · €29k
2018: €-26klowest in 8 years
2019: €-23k▲ +11.2% vs 2018
2020: €-21k▲ +9.5% vs 2019
2021: €-16k▲ +24.4% vs 2020
2022: €-22k▼ -34.1% vs 2021
2023: €-5k▲ +76.7% vs 2022
2024: €29k▲ +675% vs 2023
2025: €46k▲ +58.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€374k▼ 0.8%
2024 · €377k
2018: €63klowest in 8 years
2019: €65k▲ +2.9% vs 2018
2020: €419k▲ +544% vs 2019highest in 8 years
2021: €419k● -0.0% vs 2020
2022: €404k▼ -3.6% vs 2021
2023: €386k▼ -4.6% vs 2022
2024: €377k▼ -2.2% vs 2023
2025: €374k▼ -0.8% vs 2024
2018 → 2025
Net result
€17k▼ 50.2%
2024 · €34k
2018: €-12klowest in 8 years
2019: €3k▲ +126% vs 2018
2020: €2k▼ -24.6% vs 2019
2021: €5k▲ +133% vs 2020
2022: €-5k▼ -206% vs 2021
2023: €16k▲ +402% vs 2022
2024: €34k▲ +105% vs 2023highest in 8 years
2025: €17k▼ -50.2% vs 2024
2018 → 2025
Working capital
€-82k▼ 1.5%
2024 · €-81k
2018: €-47k
2019: €-41k▲ +12.6% vs 2018highest in 8 years
2020: €-85k▼ -108% vs 2019
2021: €-83k▲ +3.0% vs 2020
2022: €-110k▼ -32.8% vs 2021
2023: €-112k▼ -1.9% vs 2022lowest in 8 years
2024: €-81k▲ +28.0% vs 2023
2025: €-82k▼ -1.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-16k-€-22k▼ 34.1%€-5k▲ 76.7%€29k€46k▲ 58.5%
2021: €-16k
2022: €-22k▼ -34.1% vs 2021lowest in 5 years
2023: €-5k▲ +76.7% vs 2022
2024: €29k▲ +675% vs 2023
2025: €46k▲ +58.5% vs 2024highest in 5 years
Operating result€12k-€36▼ 99.7%€22k▲ 60,352%€39k▲ 80.7%€24k▼ 37.9%
2021: €12k
2022: €36▼ -99.7% vs 2021lowest in 5 years
2023: €22k▲ +60352% vs 2022
2024: €39k▲ +80.7% vs 2023highest in 5 years
2025: €24k▼ -37.9% vs 2024
Net result€5k-€-5k€16k€34k▲ 105%€17k▼ 50.2%
2021: €5k
2022: €-5k▼ -206% vs 2021lowest in 5 years
2023: €16k▲ +402% vs 2022
2024: €34k▲ +105% vs 2023highest in 5 years
2025: €17k▼ -50.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €374k
Fixed assets
€335k ▼ 1.4%
Current assets
€39k ▲ 5.1%
Equity and liabilities €374k
Equity
€46k ▲ 58.5%
Debt
€328k ▼ 5.7%
Debt's share of the balance-sheet total falls from 92.4% to 87.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49k▼
2024 · €70k
Cash flow
€42k▼
2024 · €65k
Current ratio
0.33▲
2024 · 0.32
Debt to equity
7.20▼
2024 · 12.09
ROE
36.9%▼
2024 · 117.4%
ROA
4.5%▼
2024 · 9.0%
Interest coverage
13.79▲
2024 · 13.68
Debt ≤ 1 year
€121k▲
2024 · €118k
Debt > 1 year
€207k▼
2024 · €230k
Income taxes
€3k
Staff costs
€925▼
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€377k€374k▼
Fixed assets21/28€340k€335k▼
Tangible fixed assets22/27€340k€335k▼
Land and buildings22€314k€299k▼
Plant, machinery and equipment23€25k€35k▲
Financial fixed assets28€90€90=
Current assets29/58€38k€39k▲
Amounts receivable within one year40/41€2k€2k▼
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€35k€37k▲
Equity and liabilities
Total equity and liabilities10/49€377k€374k▼
Equity10/15€29k€46k▲
Contributions10/11€19k€19k=
Reserves13€3k€3k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€7k€24k▲
Amounts payable17/49€348k€328k▼
Amounts payable after more than one year17€230k€207k▼
Financial debts170/4€230k€207k▼
Amounts payable within one year42/48€118k€121k▲
Current portion of amounts payable after more than one year42€22k€23k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€2k€9k▲
Remuneration and social security454/9€1k-
Other amounts payable47/48€87k€88k▲
Accrued charges and deferred income492/3€136-
Income statement
Code20242025
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€15k€925▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€25k▼
Other operating charges640/8€6k€5k▼
Non-recurring operating charges66A€229€354▲
Gross operating margin9900€92k€55k▼
Operating profit (loss)9901€39k€24k▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Non-recurring financial charges66B€16€412▲
Profit (loss) for the period before taxes9903€34k€20k▼
Income taxes67/77-€3k
Profit (loss) for the period9904€34k€17k▼
Profit (loss) for the period to be appropriated9905€34k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€24k▲
Profit (loss) brought forward from the previous period14P€-27k€7k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €350 | - | - | €3k | - | - |
| Remuneration, social security and pensions62 | €5k | €3k | €11k | €15k | €925 | ▼ 93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €27k | €31k | €31k | €25k | ▼ 21.2% |
| Other operating charges640/8 | €7k | €16k | €8k | €6k | €5k | ▼ 19.3% |
| Non-recurring operating charges66A | €43 | €371 | - | €229 | €354 | ▲ 54.5% |
| Gross operating margin9900 | €58k | €46k | €72k | €92k | €55k | ▼ 39.7% |
| Operating profit (loss)9901 | €12k | €36 | €22k | €39k | €24k | ▼ 37.9% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | €7k | €5k | €5k | €5k | €4k | ▼ 23.2% |
| Recurring financial charges65 | €7k | €5k | €5k | €5k | €4k | ▼ 31.0% |
| Non-recurring financial charges66B | €155 | €364 | €276 | €16 | €412 | ▲ 2,455% |
| Profit (loss) for the period before taxes9903 | €5k | €-5k | €16k | €34k | €20k | ▼ 40.2% |
| Income taxes67/77 | - | - | - | - | €3k | - |
| Profit (loss) for the period9904 | €5k | €-5k | €16k | €34k | €17k | ▼ 50.2% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-5k | €16k | €34k | €17k | ▼ 50.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €419k | €404k | €386k | €377k | €374k | ▼ 0.8% |
| Fixed assets21/28 | €392k | €370k | €360k | €340k | €335k | ▼ 1.4% |
| Tangible fixed assets22/27 | €391k | €370k | €359k | €340k | €335k | ▼ 1.4% |
| Land and buildings22 | €359k | €344k | €329k | €314k | €299k | ▼ 4.8% |
| Plant, machinery and equipment23 | €32k | €25k | €30k | €25k | €35k | ▲ 40.0% |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €27k | €34k | €26k | €38k | €39k | ▲ 5.1% |
| Amounts receivable within one year40/41 | €23k | €20k | €19k | €2k | €2k | ▼ 5.4% |
| Other amounts receivable41 | €23k | €20k | €19k | €2k | €2k | ▼ 5.4% |
| Cash at bank and in hand54/58 | €4k | €15k | €7k | €35k | €37k | ▲ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €419k | €404k | €386k | €377k | €374k | ▼ 0.8% |
| Equity10/15 | €-16k | €-22k | €-5k | €29k | €46k | ▲ 58.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €1k | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €-38k | €-43k | €-27k | €7k | €24k | ▲ 246% |
| Amounts payable17/49 | €435k | €426k | €391k | €348k | €328k | ▼ 5.7% |
| Amounts payable after more than one year17 | €325k | €281k | €253k | €230k | €207k | ▼ 9.9% |
| Financial debts170/4 | €325k | €281k | €253k | €230k | €207k | ▼ 9.9% |
| Amounts payable within one year42/48 | €110k | €144k | €138k | €118k | €121k | ▲ 2.7% |
| Current portion of amounts payable after more than one year42 | €32k | €33k | €29k | €22k | €23k | ▲ 1.4% |
| Trade debts44 | €4k | €24k | €27k | €5k | €2k | ▼ 70.0% |
| Suppliers440/4 | €4k | €24k | €27k | €5k | €2k | ▼ 70.0% |
| Taxes, remuneration and social security45 | - | €2k | €2k | €3k | €9k | ▲ 174% |
| Taxes450/3 | - | €2k | €92 | €2k | €9k | ▲ 298% |
| Remuneration and social security454/9 | - | - | €1k | €1k | - | - |
| Other amounts payable47/48 | €74k | €85k | €81k | €87k | €88k | ▲ 0.9% |
| Accrued charges and deferred income492/3 | - | - | - | €136 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-5k | €16k | €34k | €17k | ▼ 50.2% |
| + Depreciation and write-downs630 | €33k | €27k | €31k | €31k | €25k | ▼ 21.2% |
| Operating cash flow (approximation) | €38k | €22k | €47k | €65k | €42k | ▼ 36.2% |
| Investment in fixed assets (approximation) | - | €-5k | €-21k | €-12k | €-20k | ▼ 72.5% |
| Change in cash | - | €11k | €-8k | €28k | €2k | ▼ 92.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
Resignation: Peterson Andy Quisema (non-statutory director)4 facts ▸
State Gazette act
Resignation: Peterson Andy Quisema (non-statutory director)
4 facts ▸
- General meeting, 30-06-2026
- Director resignation, Peterson Andy Quisema (non-statutory director)
- Board meeting, 30-06-2026
- Director resignation, Peterson Andy Quisema (day-to-day manager)
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
31-12
Financial
Highest result since 2018net €34k ▲105%
Operating result €39k, net result €34k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-06-2026
Resigned as Non-statutory director
30-06-2026
Resigned as Day-to-day manager
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Middelkerke · 1 establishment unit since 2002
Ground area
136 m²
Building footprint
134 m²
Parcel 35022A0001/00D062, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VERHURING EDDY
since 20022.061.728.367
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0001/00D062 | Flanders | 136 m² | 1 · 134 m² | - |
Linked by address, not proof of ownership
Good to know
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 977 companies in sector 77210 we hold annual accounts for 217. 161 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded07-01-1993
Fiscal year end31-12
Activities, NACEBEL 2025
77210Renting and leasing of sports and recreation goods
Scores and ratios are computed by Checked and are not a credit decision.