WESTCOMPOST
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 08-12-2025 PDF all 30 filings
Turnover
≈ €1.6m
Estimated: probably between €980,000 and €2.8m
Total assets
€1.6m▲ 1.0%
2024 · €1.6m
Net result
€388,760▲ 17.1%
2024 · €331,971
Working capital
€176,266▼ 34.2%
2024 · €267,968
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€516,968
▲ 16.4%
2025
20192025
Net result
€388,760
▲ 17.1%
2025
highest quarter of the sector
20192025
Equity
€1.0m
▼ 1.1%
2025
middle half of the sector
20192025
Total assets
€1.6m
▲ 1.0%
2025
middle half of the sector
20192025
Debt
€564,665
▲ 5.1%
2025
20192025
Working capital
€176,266
▼ 34.2%
2025
middle half of the sector
20192025
Solvency
64.3%
▼ 1.4pp
2025
highest quarter of the sector
20192025
Current ratio
1.31
▼ 0.19
2025
middle half of the sector
20192025
Return on assets (ROA)
24.4%
▲ 3.4pp
2025
highest quarter of the sector
20192025
Staff (FTE)
1
=
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.4m-€0.3m▼ 24.7%€0.4m▲ 29.4%€0.6m▲ 58.4%€0.3m▼ 48.5%€0.4m▲ 54.2%€0.5m▲ 16.4%
Net result€0.3m-€0.2mwithin the sector's middle half▼ 27.5%€0.3mwithin the sector's middle half▲ 41.4%€0.4mabove the sector's middle half▲ 62.1%€0.2mwithin the sector's middle half▼ 49.4%€0.3mabove the sector's middle half▲ 57.0%€0.4mabove the sector's middle half▲ 17.1%
Equity€0.8m-€0.9mwithin the sector's middle half▲ 3.8%€1.0mwithin the sector's middle half▲ 12.3%€0.9mwithin the sector's middle half▼ 9.3%€1.0mwithin the sector's middle half▲ 7.1%€1.0mwithin the sector's middle half▲ 8.0%€1.0mwithin the sector's middle half▼ 1.1%
Total assets€1.5m-€1.4mwithin the sector's middle half▼ 8.0%€1.4mwithin the sector's middle half▲ 3.5%€1.7mwithin the sector's middle half▲ 18.6%€1.4mwithin the sector's middle half▼ 16.6%€1.6mwithin the sector's middle half▲ 11.3%€1.6mwithin the sector's middle half▲ 1.0%
Debt€0.7m-€0.5m▼ 23.5%€0.4m▼ 11.9%€0.8m▲ 81.6%€0.5m▼ 43.0%€0.5m▲ 18.2%€0.6m▲ 5.1%
Working capital€0.2m-€0.3mwithin the sector's middle half▲ 7.0%€0.4mwithin the sector's middle half▲ 38.3%€0.2mwithin the sector's middle half▼ 50.0%€0.2mwithin the sector's middle half▲ 16.9%€0.3mwithin the sector's middle half▲ 29.1%€0.2mwithin the sector's middle half▼ 34.2%
Solvency56.3%-63.5%above the sector's middle half▲ 7.3pp68.9%above the sector's middle half▲ 5.4pp52.7%within the sector's middle half▼ 16.2pp67.7%above the sector's middle half▲ 15.0pp65.7%above the sector's middle half▼ 2.0pp64.3%above the sector's middle half▼ 1.4pp
Current ratio1.48-1.65within the sector's middle half▲ 0.171.94within the sector's middle half▲ 0.291.23within the sector's middle half▼ 0.711.47within the sector's middle half▲ 0.241.50within the sector's middle half▲ 0.031.31within the sector's middle half▼ 0.19
Return on assets (ROA)16.7%-13.2%above the sector's middle half▼ 3.5pp18.0%above the sector's middle half▲ 4.8pp24.6%above the sector's middle half▲ 6.6pp14.9%above the sector's middle half▼ 9.7pp21.1%above the sector's middle half▲ 6.1pp24.4%above the sector's middle half▲ 3.4pp
Staff (FTE)1-1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1.1below the sector's middle half▲ 10.0%1below the sector's middle half▼ 9.1%1below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Waste collection, recovery and disposal activities (NACE 38). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 16% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€851,268 ▲ 10.4%
Current assets
€740,931 ▼ 8.0%
Equity and liabilities €1.6m
Equity
€1.0m ▼ 1.1%
Provisions
€3,409 =
Debt
€564,665 ▲ 5.1%
Debt's share of the balance-sheet total rises from 34.1% to 35.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€595,225▲
2024 · €513,015
Cash flow
€467,017▲
2024 · €400,777
Quick ratio
1.30▼
2024 · 1.47
Debt to equity
0.55▲
2024 · 0.52
ROE
38.0%▲
2024 · 32.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€564,665▲
2024 · €537,098
Income taxes
€129,129▲
2024 · €116,443
Staff costs
€75,024▲
2024 · €72,613
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 2 | 1 | 1 |
| full-time | 1 | 2 | 1 | 1 |
| in full-time equivalents | 1 | 2 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1.1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 |
| Joined | - | 1 | 1 | - |
| Left | - | 0 | 1 | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €62,034 | €36,207 | €15,517 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €108,460 | €65,100 | €69,917 | €158,719 |
| Depreciation and write-downs of the year | €45,768 | €54,341 | €68,806 | €78,257 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Public contracts
12 awards · 2023
Verwerken van tuinafval: Verwerken van tuinafval - repa Geluwe (winter)
Verwerken van tuinafval: verwerken tuinafval - repa Geluwe (lente/zomer/herfst)
Verwerken van tuinafval: verwerken tuinafval - repa Gullegem Rijksweg (winter)
Verwerken van tuinafval: Verwerken tuinafval - repa Gullegem Rijksweg (lente/zomer/herfst)
Verwerken van tuinafval: Verwerken tuinafval - repa Gullegem Nijverheidslaan (winter)
Show 7 more contracts
Verwerken van tuinafval: Verwerken tuinafval - repa Gullegem Nijverheidslaan (lente/zomer/herfst)
Verwerken van tuinafval: Verwerken tuinafval - repa Lauwe (winter)
Verwerken van tuinafval: Verwerken tuinafval - repa Lauwe (lente/zomer/herfst)
Verwerken van tuinafval: Verwerken tuinafval - repa Menen (winter)
Verwerken van tuinafval: Verwerken tuinafval - repa Menen (lente/zomer/herfst)
Verwerken van tuinafval: Verwerken tuinafval - repa Wervik (winter)
Verwerken van tuinafval: Verwerken tuinafval - repa Wervik (lente/zomer/herfst)
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €28,000 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €63,775 | €71,465 | €72,613 | €75,024 | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72,458 | €55,682 | €54,687 | €45,768 | €54,341 | €68,806 | €78,257 | ▲ 13.7% |
| Other operating charges640/8 | - | - | - | €18,832 | €16,258 | €17,349 | €19,863 | ▲ 14.5% |
| Gross operating margin9900 | €510,779 | €413,219 | €492,652 | €687,411 | €430,080 | €602,977 | €690,112 | ▲ 14.5% |
| Operating profit (loss)9901 | €362,254 | €272,841 | €352,952 | €559,036 | €288,016 | €444,209 | €516,968 | ▲ 16.4% |
| Financial income75/76B | - | - | - | €52 | €1,598 | €6,101 | €2,235 | ▼ 63.4% |
| Recurring financial income75 | €739 | €1,595 | €530 | €52 | €1,598 | €6,101 | €2,235 | ▼ 63.4% |
| Financial charges65/66B | - | - | - | €3,678 | €1,681 | €1,896 | €1,314 | ▼ 30.7% |
| Recurring financial charges65 | €4,396 | €6,261 | €3,176 | €3,678 | €1,681 | €1,896 | €1,314 | ▼ 30.7% |
| Profit (loss) for the period before taxes9903 | €358,597 | €268,175 | €350,306 | €555,410 | €287,933 | €448,414 | €517,889 | ▲ 15.5% |
| Income taxes67/77 | €107,267 | €85,906 | €92,552 | €137,511 | €76,523 | €116,443 | €129,129 | ▲ 10.9% |
| Profit (loss) for the period9904 | €251,330 | €182,269 | €257,754 | €417,899 | €211,410 | €331,971 | €388,760 | ▲ 17.1% |
| Transfer from tax-exempt reserves789 | - | - | - | €18,750 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €251,330 | €182,269 | €257,754 | €436,649 | €211,410 | €331,971 | €388,760 | ▲ 17.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.5m | €1.4m | €1.4m | €1.7m | €1.4m | €1.6m | €1.6m | ▲ 1.0% |
| Fixed assets21/28 | €0.8m | €0.7m | €0.7m | €0.8m | €0.8m | €0.8m | €0.9m | ▲ 10.4% |
| Tangible fixed assets22/27 | €0.8m | €0.7m | €0.7m | €0.8m | €0.8m | €0.8m | €0.9m | ▲ 10.4% |
| Land and buildings22 | - | - | - | €0.7m | €0.7m | €0.6m | €0.6m | ▼ 4.4% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.05m | €0.04m | €0.06m | ▲ 50.8% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.04m | €0.09m | €0.2m | ▲ 102% |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €0.7m | €0.7m | €0.7m | €0.9m | €0.6m | €0.8m | €0.7m | ▼ 8.0% |
| Stocks and contracts in progress3 | €0.01m | €0.01m | €0.009m | €0.01m | €0.01m | €0.02m | €0.008m | ▼ 50.0% |
| Stocks30/36 | - | - | - | €0.01m | €0.01m | €0.02m | €0.008m | ▼ 50.0% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.4m | €0.5m | €0.3m | €0.4m | €0.2m | ▼ 41.9% |
| Trade receivables40 | - | - | - | €0.4m | €0.3m | €0.4m | €0.2m | ▼ 41.9% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.009m | - | - | - |
| Current investments50/53 | - | - | - | - | - | €0.2m | - | - |
| Cash at bank and in hand54/58 | €0.4m | €0.4m | €0.4m | €0.5m | €0.3m | €0.2m | €0.5m | ▲ 163% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.004m | €0.008m | €0.001m | ▼ 93.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.4m | €1.7m | €1.4m | €1.6m | €1.6m | ▲ 1.0% |
| Equity10/15 | €0.8m | €0.9m | €1.0m | €0.9m | €1.0m | €1.0m | €1.0m | ▼ 1.1% |
| Contributions10/11 | €0.07m | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Reserves13 | €0.7m | €0.7m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Non-distributable reserves130/1 | - | - | - | €0.007m | €0.007m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.007m | €0.007m | - | - | - |
| Distributable reserves133 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Profit (loss) carried forward14 | €0.04m | €0.07m | €0.08m | €0.005m | €0.07m | €0.1m | €0.1m | ▼ 7.8% |
| Investment grants15 | - | - | - | €0.008m | €0.01m | €0.01m | €0.01m | = |
| Provisions and deferred taxes16 | €0.005m | €0.005m | €0.005m | €0.005m | €0.003m | €0.003m | €0.003m | = |
| Deferred taxes168 | - | - | - | €0.005m | €0.003m | €0.003m | €0.003m | = |
| Amounts payable17/49 | €0.7m | €0.5m | €0.4m | €0.8m | €0.5m | €0.5m | €0.6m | ▲ 5.1% |
| Amounts payable after more than one year17 | €0.1m | €0.1m | €0.06m | €0.04m | €0.02m | - | - | - |
| Financial debts170/4 | - | - | - | €0.04m | €0.02m | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.4m | €0.4m | €0.8m | €0.4m | €0.5m | €0.6m | ▲ 5.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.02m | €0.02m | - | - |
| Trade debts44 | €0.2m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 54.6% |
| Suppliers440/4 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 54.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.008m | €0.06m | €0.02m | €0.04m | ▲ 158% |
| Taxes450/3 | - | - | - | €0.005m | €0.05m | €0.02m | €0.04m | ▲ 154% |
| Remuneration and social security454/9 | - | - | - | €0.003m | €0.003m | €0.001m | €0.004m | ▲ 203% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.2m | €0.3m | €0.4m | ▲ 52.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €251,330 | €182,269 | €257,754 | €417,899 | €211,410 | €331,971 | €388,760 | ▲ 17.1% |
| + Depreciation and write-downs630 | €72,458 | €55,682 | €54,687 | €45,768 | €54,341 | €68,806 | €78,257 | ▲ 13.7% |
| Operating cash flow (approximation) | €323,788 | €237,951 | €312,441 | €463,667 | €265,751 | €400,777 | €467,017 | ▲ 16.5% |
| Investment in fixed assets (approximation) | - | -€27,715 | -€23,000 | -€105,581 | -€65,100 | -€69,917 | -€158,719 | ▼ 127% |
| Change in cash | - | -€59,677 | €4,914 | €94,642 | -€141,726 | -€118,328 | €314,004 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as WESTCOMPOST has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WESTCOMPOST itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for WESTCOMPOST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 08-12-2025 | 2025-00577509 | |
| 30-06-2024 | abbreviated format | 09-12-2024 | 2024-00611889 | |
| 30-06-2023 | abbreviated format | 04-12-2023 | 2023-00520932 | |
| 30-06-2022 | abbreviated format | 05-12-2022 | 2022-20531322 | |
| 30-06-2021 | abbreviated format | 03-12-2021 | 2021-79200001 | |
| 30-06-2020 | abbreviated format | 21-12-2020 | 2020-76200452 | |
| 30-06-2019 | abbreviated format | 09-12-2019 | 2019-75600443 | |
| 30-06-2018 | abbreviated format | 19-12-2018 | 2018-74900104 | |
| 30-06-2017 | abbreviated format | 28-12-2017 | 2017-73100515 | |
| 30-06-2016 | abbreviated format | 07-12-2016 | 2016-69400136 |