WESTERHAUWE
The computed 12-month bankruptcy probability of WESTERHAUWE is 0.8% (low). The 2024 annual accounts show equity of €119k and a net result of €-9k. Equity is shrinking by ~8.5% per year across the filed fiscal years. The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €119k |
| Net result | €-9k |
| Active | 31 yrs |
| Locations | 1 |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €40k |
| Net profit | €-9k |
| Cash flow | €37k |
| Staff costs | - |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €324k |
| Equity | €119k |
| Debt | €205k |
| of which ≤ 1y | €172k |
| of which > 1y | €33k |
| Working capital | €-165k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.04 |
| Quick ratio | 0.04 |
| Working capital ratio | -50.8% |
| Solvency | 36.8% |
| Debt / equity | 1.72 |
| Long-term debt ratio | 0.28 |
| Interest coverage | 46.00 |
| Gross margin | - |
| Net margin | - |
| ROA | -2.7% |
| ROE | -7.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €324k |
| Fixed assets | 21/28 | €317k |
| Tangible fixed assets | 22/27 | €317k |
| Current assets | 29/58 | €7k |
| Cash & bank | 54/58 | €7k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €324k |
| Equity | 10/15 | €119k |
| Contributions / capital | 10/11 | €62k |
| Reserves | 13 | €403k |
| Accumulated profits (losses) | 14 | €-408k |
| Amounts payable | 17/49 | €205k |
| Amounts payable after one year | 17 | €33k |
| Amounts payable within one year | 42/48 | €172k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €41k |
| Operating result | 9901 | €-6k |
| Financial charges | 65 | €868 |
| Result before taxes | 9903 | €-6k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €-9k |
| Result to be appropriated | 9905 | €-9k |
| NACE primary | - |
| Legal form | Public limited company(014) |
| Incorporation | 16-06-1995 |
| Status | Active |
| Postal code | 8450 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35302C0082/00K000 | Flanders | 5,972 m² | 1 · 1,418 m² | 6.3 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
03-01-2024 BOES JOSEPH-MICHEL appointed as statutory auditor
- BOES JOSEPH-MICHEL, Commissaris
Technical details
{
"events": [
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"name": "WATTIEZ Bruno Joseph",
"address": "1501 Halle (Buizingen), Kluisbos 63",
"birth_date": "1958-07-07",
"profession": null,
"birth_place": "Kortrijk"
},
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{
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"address": "Pater Damiaanstraat 28 te 8500 Kortrijk",
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{
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],
"notary": {
"name": "Xavier Kerckhove",
"firm_city": null,
"firm_name": null,
"office_city": "Oudenburg",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-01-03",
"filing_date": "2023-12-28",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-12-14",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-12-14",
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},
{
"body": "algemene_vergadering",
"date": "2023-12-14",
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{
"body": "algemene_vergadering",
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{
"body": "algemene_vergadering",
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{
"body": "algemene_vergadering",
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},
{
"body": "raad_van_bestuur",
"date": "2023-12-14",
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}
],
"is_correction": false,
"subject_company": {
"kbo": "0455.367.092",
"name_full": "Westerhauwe",
"legal_form": "Naamloze vennootschap"
},
"publication_proxy": {
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"org_name": null,
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"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"expeditie van de akte",
"geco\u00F6rdineerde tekst der statuten",
"verslag bestuursorgaan wijziging voorwerp"
],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | WESTERHAUWE |