Westfro
ActiveSummary
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).
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Signals
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)
History
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Financials · fiscal year 2025, full schema
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).
- 2024 Net result +85% on 2023. The previous fiscal year ran 21 months, this one 12.
Peer companies
Historical observationOf 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
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%.
| 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.
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
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
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.
Directors · office · real estate
Statutory auditor 1
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36019A0944/00K002 | Flanders | 14.9 ha | 1 · 4.0 ha | - |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| VANDER DONCKT Hedwig Frederik |
|
| REDI |
|
Structure & network
Owners and holdings
2 owners · 1 holdingOwners 2
- Sourceaccounts STAGEL 202450%
- Sourceact 31-07-2026share not stated
Holdings 1
-
20%
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
- Redi BV (BE 0451.676.045)
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 | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,670 EUR | 4,670 EUR |
| 2024 | 1 | 7,294 EUR | 7,294 EUR |
| 2023 | 2 | 290,752 EUR | 290,752 EUR |
| 2022 | 1 | 10,836 EUR | 10,836 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteLegal Entity Identifier
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Company details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
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