WESTCOFAR
ActiveWESTCOFAR has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €534k and a net result of €27k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-2
Solvency28=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days only on tighter terms
Liquidity short (current ratio 0.64 against 0.66 in 2024), and 75.3% 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○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
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
24.7%
Return on assets
1.3%
Age of the figures
8 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
3 d early
2021
on the day
2020
61 d late
2020
31 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€27k▼ 5.8%
2024 · €29k
2020: €4k
2020: €10k
2021: €6k
2022: €33k
2023: €45k
2024: €29k
2020 → 2025
Working capital
€-240k▼ 20.3%
2024 · €-200k
2020: €23k
2020: €-20k
2021: €-149k
2022: €-165k
2023: €-167k
2024: €-200k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€422k-€453k▲ 7.3%€497k▲ 9.9%€526k▲ 5.8%€534k▲ 1.4%
Operating result€14k-€63k▲ 337%€78k▲ 23.0%€68k▼ 12.6%€69k▲ 2.1%
Net result€6k-€33k▲ 479%€45k▲ 37.2%€29k▼ 35.0%€27k▼ 5.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.17M
Fixed assets
€1.74M▼ 2.5%
Current assets
€430k▲ 10.6%
Equity and liabilities €2.17M
Equity
€534k▲ 1.4%
Debt
€1.63M▼ 0.7%
The debt ratio falls from 75.7% to 75.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€114k▲
2024 · €111k
Cash flow
€72k▼
2024 · €72k
Solvency
24.7%▲
2024 · 24.3%
Current ratio
0.64▼
2024 · 0.66
Quick ratio
0.64▼
2024 · 0.66
Debt / equity
3.06▼
2024 · 3.12
ROE
5.1%▼
2024 · 5.5%
ROA
1.3%▼
2024 · 1.3%
Interest coverage
3.20▲
2024 · 2.75
Debt
€1.63M▼
2024 · €1.64M
Debt ≤ 1 year
€670k▲
2024 · €588k
Debt > 1 year
€961k▼
2024 · €1.05M
Income taxes
€13k▼
2024 · €14k
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€2.17M€2.17M▼
Fixed assets21/28€1.78M€1.74M▼
Tangible fixed assets22/27€1.58M€1.54M▼
Land and buildings22€1.48M€1.45M▼
Plant, machinery and equipment23€13k€11k▼
Furniture and vehicles24€91k€77k▼
Financial fixed assets28€199k€199k=
Current assets29/58€389k€430k▲
Amounts receivable after more than one year29€150k€150k=
Other amounts receivable291€150k€150k=
Amounts receivable within one year40/41€205k€269k▲
Trade receivables40€146k€204k▲
Other amounts receivable41€60k€65k▲
Cash at bank and in hand54/58€34k€11k▼
Equity and liabilities
Total equity and liabilities10/49€2.17M€2.17M▼
Equity10/15€526k€534k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€464k€472k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€458k€466k▲
Amounts payable17/49€1.64M€1.63M▼
Amounts payable after more than one year17€1.05M€961k▼
Financial debts170/4€1.05M€961k▼
Amounts payable within one year42/48€588k€670k▲
Current portion of amounts payable after more than one year42€92k€93k▲
Trade debts44€21k€22k▲
Suppliers440/4€21k€22k▲
Advances received on contracts in progress46-€12k
Taxes, remuneration and social security45€6k€1k▼
Taxes450/3€6k€1k▼
Other amounts payable47/48€469k€542k▲
Accrued charges and deferred income492/3-€565
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€44k▲
Other operating charges640/8€9k€10k▲
Gross operating margin9900€120k€124k▲
Operating profit (loss)9901€68k€69k▲
Financial income75/76B€15k€6k▼
Recurring financial income75€5k€6k▲
Non-recurring financial income76B€10k-
Financial charges65/66B€41k€36k▼
Recurring financial charges65€41k€36k▼
Profit (loss) for the period before taxes9903€43k€40k▼
Income taxes67/77€14k€13k▼
Profit (loss) for the period9904€29k€27k▼
Profit (loss) for the period to be appropriated9905€29k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€27k▼
Transfer from equity791/2-€20k
Transfer to equity691/2€29k€27k▼
To other reserves6921€29k€27k▼
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
The notes to these accounts (17 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €526k ▲5.8%
6 profitable years in a row build equity to €526k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2020net €45k ▲37.2%
Operating result €78k, net result €45k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 214 days late
2017
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2015
30-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
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, Aartselaar · 1 establishment unit since 1997
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.
Boomsesteenweg 1532630 AartselaarGround area
2,413 m²
Building footprint
221 m²
Volume, LiDAR
1,489 m³
Parcel 11372D0284/00N000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WESTCOFAR BVBA
since 19972.043.622.922
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11372D0284/00N000 | Flanders | 2,413 m² | 1 · 221 m² | 11.7 m · 2 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.
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Of 2,704 companies in sector 73200 we hold annual accounts for 1,774. 1,259 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-05-1989
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
74131
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.