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WESTFALEN

Active
Private limited companyfounded 199927 yrs activeWatermolenstraat 11, 9320 Aalst, BelgiumKBO/BCE: BE 0465.720.853
Summary

WESTFALEN has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.8m and a net result of €1.0m. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 72% of 6032 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
WESTFALENActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of industrial chemicals
NACE 46851NACE 46751NACE 51510
2 sites
Size
€25.0mturnover 2025
Staff
20.3 FTE
Equity
€5.8m
Profit
€1.0m
Financial health
96 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
Westfalen AG
Accounts 51 d early0 of 15 deeds read
Why 96+ Founded in 1999+ Size: turnover €25.0m, 20.3 FTE, total assets €8.8m+ Profit of €1.0m (FY 2025)+ Equity €5.8m (66.3% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Better than 68% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 91+9
equity 66.3% of total assets
Liquidity 51+9
short-term debt 25.6% · cash 8.4%
Profitability 70+3
return on assets 11.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,378 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -4.1% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%▲ +5.2% vs 03-2025 05-2025: 0.1%▲ +5.7% vs 04-2025 06-2025: 0.1%▲ +3.1% vs 05-2025highest value 07-2025: 0.1%▼ -27.1% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -4.1% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▲ +4.3% vs 03-2026 05-2026: 0.1%▲ +5.2% vs 04-2026 06-2026: 0.1%▲ +2.9% vs 05-2026 07-2026: < 0.1%▼ -52.4% vs 06-2026lowest value 08-2026: < 0.1%● 0.0% vs 07-2026lowest value 09-2026: < 0.1%● 0.0% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Founded in 1999 lowers the probability for this profile
  • Size: turnover €25.0m, 20.3 FTE, total assets €8.8m lowers the probability for this profile
  • Profit of €1.0m (FY 2025) lowers the probability
  • Equity €5.8m (66.3% of total assets) lowers the probability
Credit up to €550,000 at 30 days acceptable
Liquidity ample (current ratio 3.25 against 2.33 in 2024; short-term debt: 25.6% and cash: 8.4% of total assets), and 33.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 76%, liquidity 64%, profitability 61%, growth against the median 70%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Founded in 1999
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: turnover €25.0m, 20.3 FTE, total assets €8.8m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Profit of €1.0m (FY 2025)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €5.8m (66.3% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
51 d early
2024
35 d early
2023
58 d early
2022
32 d early
2021
31 d early
2020
16 d early
2019
18 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
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. Annual accounts filedfiscal year 2025 · full…
  2. Highest result since 2018net €1.0m ▲23.8%
  3. Equity above €5mEq €5.8m ▲21%

Key points

  • Positive: 5 years of growth in a rowturnover 2025: €25.0m 5 years View
  • Positive: Among the best 19% on net resultsector median €114,268 · 5,973 companies €1.0m View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by Westfalen AG parent View

By topic

Financials

Fiscal year
2025
Turnover
€25.0m
Profit
€1.0m
Solvency
66.3%
Turnover▲ 2.6%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 10-06-2026Annual accounts filed
  2. 31-12-2025Highest result since 2018
  3. 31-12-2025Equity above €5m
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Wholesale of industrial chemicalsNACE 46851
Founded
26-03-1999
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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