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Westfro

Active
Public limited companyfounded 197056 yrs activeGrote Veldstraat(STA) 114, 8840 Staden, BelgiumKBO/BCE: BE 0407.254.696
Summary

Westfro has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29.5m and a net result of €1.3m. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 50% of 663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability62▲+18
Solvency64▲+4
Growth57▲+17
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,950,000 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.2 in 2024; short-term debt: 49% and cash: 0.7% of total assets), and 60.9% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 56 years 0 60 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
39.1%
Return on assets
1.7%
Age of the figures
12 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 d early
2024
223 d late
2023
588 d late
2021
544 d late
2020
909 d late
2019
269 d late
2018
1 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 357 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 9 December (3 of the last 3 filed years within 366 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close01-10-2026 today30-04-2027 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

History

Westfro was incorporated on 1 September 1970.1 Revenue grew from EUR 73 million in 2018 to EUR 111 million in 2025 and headcount from 146 to 131 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€111.4m▲ 7.3%
2024 · €103.8m
EBIT margin
1.7%▲ 1.6pp
2024 · 0.1%
Net result
€1.3m
2024 · -€568,175
Working capital
€9.0m▲ 9.6%
2024 · €8.2m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202320242025
Turnover€66.9m▼ 9.8%€71.7m▲ 7.3%€152.1m-€103.8m▼ 31.8%€111.4m▲ 7.3%
Operating result-€3.0m▼ 22.3%-€4.1m▼ 38.4%-€2.9m-€102,727€1.9m▲ 1,776%
Net result-€3.4mbelow the sector's middle half▼ 27.4%-€4.6mbelow the sector's middle half▼ 37.4%-€3.9mbelow the sector's middle half--€568,175below the sector's middle half▲ 85.3%€1.3mabove the sector's middle half
EBIT margin-4.5%▼ 1.2pp-5.8%▼ 1.3pp-1.9%-0.1%▲ 2.0pp1.7%▲ 1.6pp
Equity€37.5mabove the sector's middle half▼ 8.3%€32.8mabove the sector's middle half▼ 12.5%€28.9mabove the sector's middle half-€28.3mabove the sector's middle half▼ 2.1%€29.5mabove the sector's middle half▲ 4.5%
Total assets€71.8mabove the sector's middle half▲ 1.5%€81.5mabove the sector's middle half▲ 13.4%€82.5mabove the sector's middle half-€80.0mabove the sector's middle half▼ 3.1%€75.5mabove the sector's middle half▼ 5.5%
Debt€32.6m▲ 16.5%€48.6m▲ 49.2%€53.6m-€51.6m▼ 3.6%€45.9m▼ 11.0%
Working capital€18.1mabove the sector's middle half▲ 53.5%€13.8mabove the sector's middle half▼ 23.7%€9.5mabove the sector's middle half-€8.2mabove the sector's middle half▼ 13.1%€9.0mabove the sector's middle half▲ 9.6%
Solvency52.1%within the sector's middle half▼ 5.5pp40.2%within the sector's middle half▼ 11.9pp35.0%within the sector's middle half-35.4%within the sector's middle half▲ 0.4pp39.1%within the sector's middle half▲ 3.8pp
Current ratio2.08within the sector's middle half▲ 0.571.47within the sector's middle half▼ 0.621.24within the sector's middle half-1.20within the sector's middle half▼ 0.041.24within the sector's middle half▲ 0.04
Return on assets (ROA)-4.7%below the sector's middle half▼ 1.0pp-5.7%below the sector's middle half▼ 1.0pp-4.7%below the sector's middle half--0.7%below the sector's middle half▲ 4.0pp1.7%within the sector's middle half▲ 2.4pp
Staff (FTE)132.7above the sector's middle half▼ 3.6%132.8above the sector's middle half▲ 0.1%135.2above the sector's middle half-131.8above the sector's middle half▼ 2.5%131.4above the sector's middle half▼ 0.3%
above within below the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2024 Net result +85% on 2023. The previous fiscal year ran 21 months, this one 12.
Result per fiscal year
Operating resultNet result
-€6.0m-€4.0m-€2.0m€0€2.0mOperating result 2020: -€3.0m-€3.0mNet result 2020: -€3.4m-€3.4mOperating result 2021: -€4.1m-€4.1mNet result 2021: -€4.6m-€4.6mOperating result 2023: -€2.9m-€2.9mNet result 2023: -€3.9m-€3.9mOperating result 2024: €102,727€102,727Net result 2024: -€568,175-€568,175Operating result 2025: €1.9m€1.9mNet result 2025: €1.3m€1.3m20202021202320242025-€4m-€2m€0€2mOperating result 2023: -€2.9m-€2.9mNet result 2023: -€3.9m-€3.9mOperating result 2024: €102,727€103,000Net result 2024: -€568,175-€568,000Operating result 2025: €1.9m€1.9mNet result 2025: €1.3m€1.3m202320242025
The operating result has risen two years in a row; 2025 is 1,776% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75.5m
Fixed assets €29.5m ▼ 4.8%
Current assets €46.0m ▼ 6.0%
Equity and liabilities €75.5m
Equity €29.5m ▲ 4.5%
Provisions €37,624 ▼ 22.6%
Debt €45.9m ▼ 11.0%
Debt's share of the balance-sheet total falls from 64.6% to 60.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€6.3m▲
2024 · €4.6m
Cash flow
€5.7m▲
2024 · €3.9m
Quick ratio
0.21▼
2024 · 0.26
Debt to equity
1.55▼
2024 · 1.83
ROE
4.4%▲
2024 · -2.0%
Interest coverage
6.49▲
2024 · 3.50
Debt ≤ 1 year
€37.0m▼
2024 · €40.7m
Debt > 1 year
€8.5m▼
2024 · €10.8m
Income taxes
€40,349▲
2024 · €1,949
Staff costs
€8.1m▲
2024 · €7.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.1% went bankrupt
2.0% stopped otherwise
98% still going

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,860 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 81 lines
Balance sheet Code20242025
Assets
Total assets20/58€80.0m€75.5m▼
Fixed assets21/28€31.0m€29.5m▼
Intangible fixed assets21€118,852€74,864▼
Tangible fixed assets22/27€30.9m€29.5m▼
Land and buildings22€15.5m€14.7m▼
Plant, machinery and equipment23€11.8m€12.0m▲
Furniture and vehicles24€225,514€211,111▼
Leasing and similar rights25€3.4m€2.5m▼
Current assets29/58€49.0m€46.0m▼
Stocks and contracts in progress3€38.4m€38.1m▼
Stocks30/36€38.4m€38.1m▼
Raw materials and consumables30/31€1.2m€1.2m▲
Finished goods33-€36.9m
Goods purchased for resale34€37.2m-
Amounts receivable within one year40/41€10.0m€7.0m▼
Trade receivables40€8.1m€5.4m▼
Other amounts receivable41€1.8m€1.7m▼
Cash at bank and in hand54/58€298,453€552,377▲
Deferred charges and accrued income490/1€291,526€287,859▼
Equity and liabilities
Total equity and liabilities10/49€80.0m€75.5m▼
Equity10/15€28.3m€29.5m▲
Contributions10/11€1.0m€1.0m=
Capital10€1.0m€1.0m=
Issued capital100€1.0m€1.0m=
Reserves13€6.9m€6.9m=
Non-distributable reserves130/1€125,285€125,285=
Legal reserve130€100,000€100,000=
Reserves not available under the articles1311€25,285€25,285=
Distributable reserves133€6.8m€6.8m=
Profit (loss) carried forward14€20.2m€21.5m▲
Investment grants15€145,802€112,873▼
Provisions and deferred taxes16€48,601€37,624▼
Deferred taxes168€48,601€37,624▼
Amounts payable17/49€51.6m€45.9m▼
Amounts payable after more than one year17€10.8m€8.5m▼
Financial debts170/4€10.8m€8.5m▼
Leasing and similar obligations172€295,615€0▼
Credit institutions173€10.5m€8.5m▼
Amounts payable within one year42/48€40.7m€37.0m▼
Current portion of amounts payable after more than one year42€2.8m€2.3m▼
Trade debts44€31.5m€28.1m▼
Suppliers440/4€31.5m€28.1m▼
Taxes, remuneration and social security45€1.3m€1.3m▲
Taxes450/3€34,158€37,082▲
Remuneration and social security454/9€1.3m€1.3m▲
Other amounts payable47/48€5.0m€5.3m▲
Accrued charges and deferred income492/3€107,472€459,635▲
Income statement Code20242025
Operating income70/76A€108.8m€112.2m▲
Turnover70€103.8m€111.4m▲
Change in stocks of work in progress, finished goods and contracts in progress71€3.5m-€335,408▼
Other operating income74€1.5m€1.1m▼
Non-recurring operating income76A€1,500€28,786▲
Operating charges60/66A€108.7m€110.3m▲
Goods for resale, raw materials and consumables60€72.1m€72.1m▲
Purchases600/8€74.2m€72.2m▼
Change in stocks: decrease (increase)609-€2.1m-€53,846▲
Services and other goods61€24.3m€25.2m▲
Remuneration, social security and pensions62€7.5m€8.1m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4.5m€4.4m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€4,004
Other operating charges640/8€421,745€454,198▲
Non-recurring operating charges66A€0€21,804▲
Operating profit (loss)9901€102,727€1.9m▲
Financial income75/76B€696,360€471,683▼
Recurring financial income75€696,360€471,683▼
Income from current assets751€541,051€327,407▼
Other financial income752/9€155,309€144,275▼
Financial charges65/66B€1.4m€1.1m▼
Recurring financial charges65€1.4m€1.1m▼
Debt charges650€1.3m€974,311▼
Other financial charges652/9€70,304€94,736▲
Profit (loss) for the period before taxes9903-€577,202€1.3m▲
Transfer from deferred taxes780€10,976€10,976=
Income taxes67/77€1,949€40,349▲
Taxes670/3€1,949€40,349▲
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904-€568,175€1.3m▲
Profit (loss) for the period to be appropriated9905-€568,175€1.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€20.2m€21.5m▲
Profit (loss) brought forward from the previous period14P€20.8m€20.2m▼
Social balance
Average headcount (FTE)9087131.8131.4▼

The notes to these accounts (83 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202320242025Change
Operating income70/76A€66.4m€73.8m€166.1m€108.8m€112.2m▲ 3.1%
Turnover70€66.9m€71.7m€152.1m€103.8m€111.4m▲ 7.3%
Change in stocks of work in progress, finished goods and contracts in progress71-€1.2m€1.2m€11.6m€3.5m-€335,408▼ 110%
Other operating income74€795,784€896,197€2.3m€1.5m€1.1m▼ 24.9%
Non-recurring operating income76A-€31,832€0€1,500€28,786▲ 1,819%
Operating charges60/66A€69.4m€77.9m€169.0m€108.7m€110.3m▲ 1.5%
Goods for resale, raw materials and consumables60€42.8m€46.6m€99.2m€72.1m€72.1m▲ 0.1%
Purchases600/8€42.8m€46.8m€99.2m€74.2m€72.2m▼ 2.7%
Change in stocks: decrease (increase)609-€7,304-€160,008-€24,588-€2.1m-€53,846▲ 97.5%
Services and other goods61€16.7m€21.9m€49.2m€24.3m€25.2m▲ 3.9%
Remuneration, social security and pensions62€6.2m€6.3m€12.3m€7.5m€8.1m▲ 8.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.7m€4.5m€7.8m€4.5m€4.4m▼ 1.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0----€4,004-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€152,740-€1.7m€0---
Other operating charges640/8€314,367€260,592€492,581€421,745€454,198▲ 7.7%
Non-recurring operating charges66A€0€40,418€8,377€0€21,804-
Operating profit (loss)9901-€3.0m-€4.1m-€2.9m€102,727€1.9m▲ 1,776%
Financial income75/76B€103,639€109,095€588,074€696,360€471,683▼ 32.3%
Recurring financial income75€103,639€109,095€588,074€696,360€471,683▼ 32.3%
Income from current assets751--€351,935€541,051€327,407▼ 39.5%
Other financial income752/9€103,639€109,095€236,139€155,309€144,275▼ 7.1%
Financial charges65/66B€501,494€614,268€1.5m€1.4m€1.1m▼ 22.3%
Recurring financial charges65€501,493€614,268€1.5m€1.4m€1.1m▼ 22.3%
Debt charges650€432,896€544,397€1.4m€1.3m€974,311▼ 25.4%
Other financial charges652/9€68,598€69,870€167,724€70,304€94,736▲ 34.8%
Non-recurring financial charges66B€1€0€0---
Profit (loss) for the period before taxes9903-€3.4m-€4.6m-€3.9m-€577,202€1.3m▲ 330%
Transfer from deferred taxes780€15,127€11,084€19,208€10,976€10,976=
Income taxes67/77€1,012€1,636€3,890€1,949€40,349▲ 1,971%
Taxes670/3€1,012€1,950€3,890€1,949€40,349▲ 1,971%
Tax adjustments and reversals of tax provisions77-€314€0€0--
Profit (loss) for the period9904-€3.4m-€4.6m-€3.9m-€568,175€1.3m▲ 329%
Profit (loss) for the period to be appropriated9905-€3.4m-€4.6m-€3.9m-€568,175€1.3m▲ 329%
Line20202021202320242025Change
Assets
Total assets20/58€71.8m€81.5m€82.5m€80.0m€75.5m▼ 5.5%
Fixed assets21/28€37.1m€38.2m€33.3m€31.0m€29.5m▼ 4.8%
Intangible fixed assets21€577,086€421,852€194,044€118,852€74,864▼ 37.0%
Tangible fixed assets22/27€36.5m€37.8m€33.1m€30.9m€29.5m▼ 4.6%
Land and buildings22€8.7m€18.0m€16.5m€15.5m€14.7m▼ 4.6%
Plant, machinery and equipment23€4.3m€6.4m€12.7m€11.8m€12.0m▲ 1.1%
Furniture and vehicles24€483,010€381,996€221,549€225,514€211,111▼ 6.4%
Leasing and similar rights25€11.1m€13.1m€3.7m€3.4m€2.5m▼ 25.1%
Assets under construction and advance payments27€12.0m€0----
Financial fixed assets28€3,720€3,720€0---
Companies linked by participating interests282/3€3,720€3,720€0---
Participating interests282€3,720€3,720€0---
Current assets29/58€34.7m€43.3m€49.2m€49.0m€46.0m▼ 6.0%
Stocks and contracts in progress3€21.7m€23.0m€34.9m€38.4m€38.1m▼ 0.7%
Stocks30/36€21.7m€23.0m€34.9m€38.4m€38.1m▼ 0.7%
Raw materials and consumables30/31€938,465€1.1m€1.2m€1.2m€1.2m▲ 4.6%
Finished goods33€20.8m€21.9m€0-€36.9m-
Goods purchased for resale34--€33.7m€37.2m--
Amounts receivable within one year40/41€9.3m€19.5m€13.4m€10.0m€7.0m▼ 29.4%
Trade receivables40€8.2m€18.1m€11.9m€8.1m€5.4m▼ 34.2%
Other amounts receivable41€1.1m€1.4m€1.5m€1.8m€1.7m▼ 7.5%
Cash at bank and in hand54/58€3.6m€665,882€625,981€298,453€552,377▲ 85.1%
Deferred charges and accrued income490/1€54,336€64,406€243,598€291,526€287,859▼ 1.3%
Equity and liabilities
Total equity and liabilities10/49€71.8m€81.5m€82.5m€80.0m€75.5m▼ 5.5%
Equity10/15€37.5m€32.8m€28.9m€28.3m€29.5m▲ 4.5%
Contributions10/11€1.0m€1.0m€1.0m€1.0m€1.0m=
Capital10€1.0m€1.0m€1.0m€1.0m€1.0m=
Issued capital100€1.0m€1.0m€1.0m€1.0m€1.0m=
Reserves13€6.9m€6.9m€6.9m€6.9m€6.9m=
Non-distributable reserves130/1€125,285€125,285€125,285€125,285€125,285=
Legal reserve130€100,000€100,000€100,000€100,000€100,000=
Reserves not available under the articles1311€25,285€25,285€25,285€25,285€25,285=
Distributable reserves133€6.8m€6.8m€6.8m€6.8m€6.8m=
Profit (loss) carried forward14€29.3m€24.6m€20.8m€20.2m€21.5m▲ 6.4%
Investment grants15€269,609€236,357€178,731€145,802€112,873▼ 22.6%
Provisions and deferred taxes16€1.8m€78,786€59,577€48,601€37,624▼ 22.6%
Provisions for liabilities and charges160/5€1.7m€0----
Pensions and similar obligations160€556€0----
Major repairs and maintenance162€1.7m€0----
Deferred taxes168€89,870€78,786€59,577€48,601€37,624▼ 22.6%
Amounts payable17/49€32.6m€48.6m€53.6m€51.6m€45.9m▼ 11.0%
Amounts payable after more than one year17€15.8m€19.0m€13.6m€10.8m€8.5m▼ 21.3%
Financial debts170/4€15.8m€19.0m€13.6m€10.8m€8.5m▼ 21.3%
Leasing and similar obligations172€3.3m€3.0m€1.1m€295,615€0▼ 100%
Credit institutions173€12.5m€16.0m€12.5m€10.5m€8.5m▼ 19.0%
Amounts payable within one year42/48€16.7m€29.5m€39.7m€40.7m€37.0m▼ 9.2%
Current portion of amounts payable after more than one year42€4.5m€5.2m€2.9m€2.8m€2.3m▼ 19.4%
Trade debts44€11.4m€23.3m€31.0m€31.5m€28.1m▼ 11.0%
Suppliers440/4€11.4m€23.3m€31.0m€31.5m€28.1m▼ 11.0%
Taxes, remuneration and social security45€798,263€960,372€1.3m€1.3m€1.3m▲ 1.9%
Taxes450/3€74,668€88,749€27,121€34,158€37,082▲ 8.6%
Remuneration and social security454/9€723,595€871,622€1.2m€1.3m€1.3m▲ 1.8%
Other amounts payable47/48€17,913€14,675€4.6m€5.0m€5.3m▲ 4.8%
Accrued charges and deferred income492/3€123,775€98,718€208,096€107,472€459,635▲ 328%
Line20202021202320242025Change
Profit (loss) for the period9904-€3.4m-€4.6m-€3.9m-€568,175€1.3m▲ 329%
+ Depreciation and write-downs630€3.7m€4.5m€7.8m€4.5m€4.4m▼ 1.5%
Operating cash flow (approximation)€280,887-€120,534€4.0m€3.9m€5.7m▲ 46.2%
Investment in fixed assets (approximation)--€5.6m--€2.2m-€2.9m▼ 35.6%
Change in cash--€2.9m--€327,528€253,924▲ 178%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
31-07
State Gazette act Resignation: Redi BV (director)
Reappointment: VANDER DONCKT Hedwig Frederik (statutory auditor) · Permanent representative: Rita DICK · Shareholding7 facts ▸
  • General meeting, 27-02-2026
  • Director resignation, Redi BV (director)
  • Auditor reappointment, VANDER DONCKT Hedwig Frederik (statutory auditor)
  • Board meeting, 03-04-2026
  • Director resignation, Redi BV (managing director)
  • Permanent representative, Rita DICK (permanent representative)
  • Shareholding, artikel 2:8, §4 van het Wetboek van vennootschappen en verenigingen
26-03
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
09-12
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 223 days late
09-12
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 588 days late
30-09
Financial Back to profitnet €1.3m
Net result €1.3m after 5 loss-making years.
2024
26-01
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 544 days late
26-01
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 909 days late
2021
31-12
Financial Weakest financial yearnet -€4.6m
Net result drops to -€4.6m, the lowest in the series; recovery starts the following year.
26-04
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 269 days late
2019
30-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
07-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts

Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
no sitting director, last change in 2025

Statutory auditor 1

VANDER DONCKT Hedwig Frederik
Statutory auditor · since 01-10-2025
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
12 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Staden · 1 establishment unit since 1970
seat establishment The establishment unit on the map
Ground area
14.9 ha
Building footprint
4.0 ha
Parcel 36019A0944/00K002, Flanders. Linked by address, not a title deed.
1 establishment unit
Grote Veldstraat(STA) 114, 8840 Staden
Manufacture of leather and related products
since 19702.040.034.021
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36019A0944/00K002 Flanders 14.9 ha 1 · 4.0 ha -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2025, 1 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
VANDER DONCKT Hedwig Frederik
  • Statutory auditor, from 01-10-2025 to date
REDI
  • Director, until 11-12-2025
  • Managing director, until 11-12-2025
See the board, name and seat on a given date →

Structure & network

Owners and holdings

2 owners · 1 holding

Owners 2

Holdings 1

According to the 2021 annual accounts of Westfro and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Capital and shareholders

Shareholders according to the acts
Stated in the act act of 31-07-2026 ↗

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Subsidies and aid

Flemish government

2022 to 2025 · 5 entries · 313,552 EUR awarded · 313,552 EUR paid
Year Entries awardedpaid
2025 1 4,670 EUR4,670 EUR
2024 1 7,294 EUR7,294 EUR
2023 2 290,752 EUR290,752 EUR
2022 1 10,836 EUR10,836 EUR
Schemes
1 entry · 282,661 EUR · 282,661 EUR paid · Fonds voor Innoveren en Ondernemen
4 entries · 30,891 EUR · 30,891 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site
Staden2.040.034.021
9 permissions
Fabrikant andere meststoffen · since 13-07-2026
Fabrikant voedermiddelen · since 01-07-2022
Fabrikant verpakkingsmateriaal · since 10-02-2022
and 6 more

Legal Entity Identifier

549300707NT24LEXUA59
live in the LEI register

Similar companies · same sector, comparable size

Of 30 companies in this sector we hold annual accounts for 26. 20 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded01-09-1970
Fiscal year end30-09
Activities, NACEBEL 2025
10393Manufacture of food products
46391Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0407254696
Registered 12-08-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.