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WESTECO

Inactive
KBO/BCE: BE 0883.168.370

WESTECO was declared bankrupt on 12-07-2022 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 07-11-2023, published in the Belgian State Gazette on 21-11-2023.

Summary

Inactive; last annual accounts for fiscal year 2021.

Watch Report
WESTECOInactive
Report

Overview

Activity
Activity not known
Size
€63,404total assets 2021
Staff
1.4 FTE
Equity
€36,071
Loss
-€18,238
Turnover not published (abridged schema)
Financial health
Inactive: no score
Structure
Accounts 1340 d overdue0 of 7 deeds read
Signals- Two or more financial years not filedPrior bankruptcyA punctual record breaksShow the evidence

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
30-06-2022 close31-01-2023 deadline02-10-2026 today
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 28-02-2022, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2021
28 d late
2020
2 d early
2019
8 d early
2018
on the day
2017
12 d early
2016
11 d early
2015
16 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 3 days before the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Bankruptcy closure (insufficient assets)Ondernemingsrechtbank Antwerpen, afdeling Turnhout ·…
  2. Date of cessation of payments moved…Ondernemingsrechtbank Antwerpen, afdeling Turnhout ·…
  3. OpeningOndernemingsrechtbank Antwerpen, afdeling Turnhout ·…

Key points

  • Risk: No longer active Inactive View
  • Caution: From profit to loss in 2021after €37,872 in 2020 -€18,238 View
  • Total assets 20213 fiscal years filed €63,404 View

By topic

Financials

Fiscal year
2021
Total assets
€63,404
Loss
-€18,238
Solvency
56.9%
Total assets▼ 36.2%
Net result
20192021
Go to Financials

Timeline

Events
15
Since
2013
  1. 21-11-2023Bankruptcy closure (insufficient assets)
  2. 02-02-2023Date of cessation of payments moved back
  3. 20-07-2022Opening
Go to Timeline

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