WESTERLUND STEVEDORING

Inactive

KBO/BCE: BE 0446.130.417

No longer registered with the KBO; last annual accounts for fiscal year 2012.

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Signals

Three signals. The signal on the left, the evidence on the right.

○neutral

No filing for years

The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2013 close31-07-2014 deadline16-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 13-05-2013, 79 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

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

Financials · fiscal year 2012, full schema

Turnover

€2.89M▼ 14.1%

2011 · €3.36M

2009: €3.70M 2010: €3.96M 2010: €1.98M 2011: €3.36M

2009 → 2012

EBIT margin

43.8%▲ 24.9pp

2011 · 18.9%

2009: 12.1% 2010: 21.6% 2010: 30.0% 2011: 18.9%

2009 → 2012

Net result

€722k▲ 14.8%

2011 · €629k

2009: €90k 2010: €392k 2010: €348k 2011: €629k

2009 → 2012

Working capital

€1.54M▲ 5.7%

2011 · €1.45M

2009: €-5.16M 2010: €-3.84M 2010: €-3.94M 2011: €1.45M

2009 → 2012

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20092010201020112012Trend

Turnover€3.70M-€3.96M▲ 7.0%€1.98M▼ 50.0%€3.36M▲ 69.7%€2.89M▼ 14.1%

Equity€1.13M-€1.52M▲ 34.6%€872k▼ 42.8%€806k▼ 7.6%€673k▼ 16.5%

Operating result€448k-€854k▲ 90.6%€593k▼ 30.6%€634k▲ 6.8%€1.26M▲ 99.6%

Net result€90k-€392k▲ 334%€348k▼ 11.2%€629k▲ 80.9%€722k▲ 14.8%

Result per fiscal year

Operating resultNet result

Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.

Balance-sheet composition

2012 in colour, 2011 as the grey bar beneath

Assets €6.03M

18.4%

81.6%

Fixed assets €1.11M▼ 28.9%

Current assets €4.92M▼ 10.7%

Equity and liabilities €6.03M

11%

31.9%

57.0%

Equity €673k▼ 16.5%

Provisions €1.92M=

Debt €3.44M▼ 20.9%

The debt ratio falls from 61.4% to 57.0%. Equity and debt are lower.

Key figures and ratios

2012 value · change against 2011

EBITDA

€1.72M▼

2011 · €2.05M

Cash flow

€1.17M▼

2011 · €2.04M

Solvency

11.1%▼

2011 · 11.4%

Current ratio

1.45▲

2011 · 1.36

Quick ratio

1.45▲

2011 · 1.36

ROE

107.3%▲

2011 · 78.0%

ROA

12.0%▲

2011 · 8.9%

Interest coverage

8.70▼

2011 · 28.58

Debt

€3.44M▼

2011 · €4.34M

Debt ≤ 1 year

€3.39M▼

2011 · €4.06M

Income taxes

€404k▲

2011 · €293k

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 · 2012 against 2011

Balance sheet Code20112012

Assets

Total assets20/58€7.07M€6.03M▼

Formation expenses20€26k€13k▼

Fixed assets21/28€1.56M€1.11M▼

Tangible fixed assets22/27€1.53M€1.10M▼

Current assets29/58€5.51M€4.92M▼

Amounts receivable within one year40/41€216k€893k▲

Cash at bank and in hand54/58€5.05M€3.79M▼

Equity and liabilities

Total equity and liabilities10/49€7.07M€6.03M▼

Equity10/15€806k€673k▼

Contributions10/11€500k€500k=

Reserves13€306k€51k▼

Profit (loss) carried forward14€212€122k▲

Provisions and deferred taxes16€1.92M€1.92M=

Amounts payable17/49€4.34M€3.44M▼

Amounts payable within one year42/48€4.06M€3.39M▼

Trade debts44€153k€296k▲

Income statement Code20112012

Turnover70€3.36M€2.89M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.41M€453k▼

Operating profit (loss)9901€634k€1.26M▲

Recurring financial income75€11k€59k▲

Recurring financial charges65€73k€199k▲

Debt charges650€72k€197k▲

Profit (loss) for the period before taxes9903€888k€1.13M▲

Income taxes67/77€293k€404k▲

Profit (loss) for the period9904€629k€722k▲

Profit (loss) for the period to be appropriated9905€695k€722k▲

Appropriation of the result

Return on contributions (dividend)694€695k€855k▲

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Timeline · acts, filings and financial milestones

All 14Financial 2Gazette 2Filings 10

2013

15-07

State Gazette act General meeting · Merger

Accounting effect · Balance sheet date

14-05

State Gazette act Board meeting · Merger

Accounting effect · Real estate

13-05

NBB filing Annual accounts filed

fiscal year 2012 · full schema

2012

31-12

Financial Highest result since 2009net €722k ▲14.8%

Operating result €1.26M, net result €722k, both a record.

27-06

NBB filing Annual accounts filed

fiscal year 2011 · full schema

2011

31-12

Financial Liquidity times 10current ratio 1.36

Current ratio from 0.14 to 1.36; short-term debt falls from €4.59M to €4.06M.

11-07

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2010

10-12

NBB filing Annual accounts filed

fiscal year 2010 · full schema

28-01

NBB filing Annual accounts filed

fiscal year 2009 · full schema

2009

27-01

NBB filing Annual accounts filed

fiscal year 2008 · full schema

2007

24-07

NBB filing Annual accounts filed

fiscal year 2006 · full schema

2006

24-05

NBB filing Annual accounts filed

fiscal year 2005 · full schema

2005

03-05

NBB filing Annual accounts filed

fiscal year 2004 · full schema

2004

26-05

NBB filing Annual accounts filed

fiscal year 2003 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Structure & network

Acquisitions and mergers

1 transaction

Taken over by:EUROPORTS TERMINALS LEFTBANK

BE 0404.811.682operation treated as a merger by absorption · State Gazette act of 15-07-2013 (2 acts) · effective 28-06-2013