WESTBOUW
ActiveSummary
WESTBOUW has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.25M and a net result of €-24k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 59% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▲+10
Solvency68▼-9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 2.08 in 2024; short-term debt: 57% and cash: 0.2% of total assets), but 57.1% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
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
42.9%
Return on assets
-0.8%
Age of the figures
9 mo
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
1819202122232425
2018 to 2025 · latest year €-24k
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
29 d early
2023
30 d early
2022
17 d early
2021
24 d early
2020
16 d early
2019
16 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.25M▼ 1.9%
2024 · €1.27M
2018: €143k
2019: €335k
2020: €654k
2021: €1.25M
2022: €1.37M
2023: €1.39M
2024: €1.27M
2018 → 2025
Total assets
€2.91M▲ 18.8%
2024 · €2.45M
2018: €4.71M
2019: €5.30M
2020: €5.31M
2021: €3.82M
2022: €1.65M
2023: €1.60M
2024: €2.45M
2018 → 2025
Net result
€-24k▲ 79.9%
2024 · €-121k
2018: €-48k
2019: €191k
2020: €320k
2021: €594k
2022: €119k
2023: €27k
2024: €-121k
2018 → 2025
Working capital
€1.24M▼ 2.0%
2024 · €1.27M
2018: €136k
2019: €317k
2020: €637k
2021: €2.25M
2022: €1.36M
2023: €1.39M
2024: €1.27M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.25M-€1.37M▲ 9.5%€1.39M▲ 2.0%€1.27M▼ 8.7%€1.25M▼ 1.9%
Operating result€812k-€266k▼ 67.2%€-97k€-123k▼ 27.3%€52k
Net result€594k-€119k▼ 80.0%€27k▼ 77.2%€-121k€-24k▲ 79.9%
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 2025: €52k after a loss of €123k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.91M
Fixed assets
€12k =
Current assets
€2.90M ▲ 18.9%
Equity and liabilities €2.91M
Equity
€1.25M ▼ 1.9%
Debt
€1.66M ▲ 41.2%
Debt's share of the balance-sheet total rises from 48.1% to 57.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.75▼
2024 · 2.08
Quick ratio
0.01▼
2024 · 0.01
Debt to equity
1.33▲
2024 · 0.92
ROE
-1.9%▲
2024 · -9.5%
ROA
-0.8%▲
2024 · -4.9%
Debt ≤ 1 year
€1.66M▲
2024 · €1.17M
Debt > 1 year
€3k=
2024 · €3k
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 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.45M€2.91M▲
Fixed assets21/28€12k€12k=
Financial fixed assets28€12k€12k=
Current assets29/58€2.44M€2.90M▲
Stocks and contracts in progress3€2.42M€2.89M▲
Contracts in progress37€2.42M€2.89M▲
Amounts receivable within one year40/41€9k€7k▼
Other amounts receivable41€9k€7k▼
Cash at bank and in hand54/58€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€2.45M€2.91M▲
Equity10/15€1.27M€1.25M▼
Contributions10/11€25k€25k=
Reserves13€1.25M€1.22M▼
Distributable reserves133€1.25M€1.22M▼
Profit (loss) carried forward14€4k€4k▲
Amounts payable17/49€1.18M€1.66M▲
Amounts payable after more than one year17€3k€3k=
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€1.17M€1.66M▲
Trade debts44€140k€187k▲
Suppliers440/4€140k€187k▲
Other amounts payable47/48€1.03M€1.47M▲
Accrued charges and deferred income492/3€1k€0▼
Income statement
Code20242025
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-122k€53k▲
Operating profit (loss)9901€-123k€52k▲
Financial income75/76B€34k€24k▼
Recurring financial income75€34k€24k▼
Financial charges65/66B€32k€100k▲
Recurring financial charges65€32k€100k▲
Profit (loss) for the period before taxes9903€-121k€-24k▲
Profit (loss) for the period9904€-121k€-24k▲
Profit (loss) for the period to be appropriated9905€-121k€-24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-116k€-21k▲
Profit (loss) brought forward from the previous period14P€5k€4k▼
Transfer from equity791/2€120k€25k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (7 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-121k ▼547%
Net result drops to €-121k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 5.87
Current ratio from 2.45 to 5.87; short-term debt falls from €1.56M to €280k.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €594k ▲85.9%
Operating result €812k, net result €594k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.45
Current ratio from 1.14 to 2.45; short-term debt falls from €4.65M to €1.56M.
31-12
Financial
Equity above €1MEq €1.25M ▲90.8%
3 profitable years in a row build equity to €1.25M.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €654k ▲95.5%
2 profitable years in a row build equity to €654k.
Show earlier events
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €191k
Net result €191k after one loss-making year.
31-12
Financial
Equity above €200kEq €335k ▲134%
Equity rises from €143k to €335k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Middelkerke · 1 establishment unit since 2011
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.
Zeedijk 1868430 MiddelkerkeGround area
108 m²
Building footprint
80 m²
Volume, LiDAR
2,230 m³
Parcel 35322C0283/00A037, Flanders · tallest building 32.5 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
Westbouw
since 20112.300.709.643
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35322C0283/00A037 | Flanders | 108 m² | 1 · 80 m² | 32.5 m · 10 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.
Similar companies · same sector, comparable size
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CASSIOPEE
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Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 3,630 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.