WESTHELLING
ActiveSummary
WESTHELLING has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €454k and a net result of €1.84M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 691 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency52▼-11
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.56 in 2024; short-term debt: 72.9% and cash: 6% of total assets), and 72.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.1%
Return on assets
109.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
105 d early
2023
77 d early
2022
3 d early
2021
46 d early
2020
9 d early
2019
69 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€454k▼ 55.4%
2024 · €1.02M
2018: €498k
2019: €1.22M▲ +144% vs 2018
2020: €649k▼ -46.6% vs 2019
2021: €1.27M▲ +95.7% vs 2020highest in 8 years
2022: €625k▼ -50.8% vs 2021
2023: €1.21M▲ +93.1% vs 2022
2024: €1.02M▼ -15.6% vs 2023
2025: €454k▼ -55.4% vs 2024lowest in 8 years
2018 → 2025
Total assets
€1.68M▼ 38.1%
2024 · €2.71M
2018: €1.01Mlowest in 8 years
2019: €1.63M▲ +61.5% vs 2018
2020: €1.24M▼ -24.3% vs 2019
2021: €2.25M▲ +81.8% vs 2020
2022: €2.14M▼ -4.9% vs 2021
2023: €2.54M▲ +18.9% vs 2022
2024: €2.71M▲ +6.6% vs 2023highest in 8 years
2025: €1.68M▼ -38.1% vs 2024
2018 → 2025
Net result
€1.84M▲ 14.0%
2024 · €1.61M
2018: €84k
2019: €718k▲ +755% vs 2018
2020: €-567k▼ -179% vs 2019lowest in 8 years
2021: €621k▲ +210% vs 2020
2022: €704k▲ +13.3% vs 2021
2023: €1.48M▲ +110% vs 2022
2024: €1.61M▲ +8.8% vs 2023
2025: €1.84M▲ +14.0% vs 2024highest in 8 years
2018 → 2025
Working capital
€339k▼ 63.9%
2024 · €939k
2018: €240klowest in 8 years
2019: €1.06M▲ +343% vs 2018
2020: €568k▼ -46.6% vs 2019
2021: €1.20M▲ +111% vs 2020highest in 8 years
2022: €564k▼ -53.0% vs 2021
2023: €1.13M▲ +100% vs 2022
2024: €939k▼ -17.0% vs 2023
2025: €339k▼ -63.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.27M-€625k▼ 50.8%€1.21M▲ 93.1%€1.02M▼ 15.6%€454k▼ 55.4%
2021: €1.27Mhighest in 5 years
2022: €625k▼ -50.8% vs 2021
2023: €1.21M▲ +93.1% vs 2022
2024: €1.02M▼ -15.6% vs 2023
2025: €454k▼ -55.4% vs 2024lowest in 5 years
Operating result€850k-€958k▲ 12.7%€2.05M▲ 114%€2.13M▲ 4.0%€2.47M▲ 15.7%
2021: €850klowest in 5 years
2022: €958k▲ +12.7% vs 2021
2023: €2.05M▲ +114% vs 2022
2024: €2.13M▲ +4.0% vs 2023
2025: €2.47M▲ +15.7% vs 2024highest in 5 years
Net result€621k-€704k▲ 13.3%€1.48M▲ 110%€1.61M▲ 8.8%€1.84M▲ 14.0%
2021: €621klowest in 5 years
2022: €704k▲ +13.3% vs 2021
2023: €1.48M▲ +110% vs 2022
2024: €1.61M▲ +8.8% vs 2023
2025: €1.84M▲ +14.0% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.68M
Fixed assets
€115k ▲ 11.8%
Current assets
€1.56M ▼ 40.1%
Equity and liabilities €1.68M
Equity
€454k ▼ 55.4%
Debt
€1.22M ▼ 27.7%
Debt's share of the balance-sheet total rises from 62.4% to 72.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2.50M▲
2024 · €2.16M
Cash flow
€1.87M▲
2024 · €1.64M
Current ratio
1.28▼
2024 · 1.56
Quick ratio
1.26▼
2024 · 1.54
Debt to equity
2.69▲
2024 · 1.66
ROE
404.6%▲
2024 · 158.4%
ROA
109.6%▲
2024 · 59.5%
Interest coverage
120.44▼
2024 · 277.38
Debt ≤ 1 year
€1.22M▼
2024 · €1.67M
Income taxes
€637k▲
2024 · €553k
Staff costs
€2.46M▼
2024 · €2.47M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.71M€1.68M▼
Fixed assets21/28€103k€115k▲
Tangible fixed assets22/27€103k€115k▲
Land and buildings22€31k€23k▼
Plant, machinery and equipment23€55k€66k▲
Furniture and vehicles24€18k€26k▲
Current assets29/58€2.61M€1.56M▼
Amounts receivable after more than one year29€353k€80k▼
Other amounts receivable291€353k€80k▼
Stocks and contracts in progress3€45k€26k▼
Stocks30/36€45k€26k▼
Amounts receivable within one year40/41€1.85M€1.14M▼
Trade receivables40€107k€118k▲
Other amounts receivable41€1.74M€1.02M▼
Cash at bank and in hand54/58€153k€100k▼
Deferred charges and accrued income490/1€204k€217k▲
Equity and liabilities
Total equity and liabilities10/49€2.71M€1.68M▼
Equity10/15€1.02M€454k▼
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€955k€391k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€948k€385k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.69M€1.22M▼
Amounts payable within one year42/48€1.67M€1.22M▼
Financial debts43€478k€84k▼
Credit institutions430/8€478k€84k▼
Trade debts44€498k€506k▲
Suppliers440/4€498k€506k▲
Taxes, remuneration and social security45€384k€455k▲
Taxes450/3€71k€167k▲
Remuneration and social security454/9€313k€288k▼
Other amounts payable47/48€307k€177k▼
Accrued charges and deferred income492/3€24k€304▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€2.47M€2.46M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€29k▲
Other operating charges640/8€106k€144k▲
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€4.73M€5.10M▲
Operating profit (loss)9901€2.13M€2.47M▲
Financial income75/76B€41k€28k▼
Recurring financial income75€41k€28k▼
Financial charges65/66B€8k€21k▲
Recurring financial charges65€8k€21k▲
Profit (loss) for the period before taxes9903€2.16M€2.47M▲
Income taxes67/77€553k€637k▲
Profit (loss) for the period9904€1.61M€1.84M▲
Profit (loss) for the period to be appropriated9905€1.61M€1.84M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.61M€1.84M▲
Transfer from equity791/2€1.14M€900k▼
Transfer to equity691/2€948k€336k▼
To other reserves6921€948k€336k▼
Profit to be distributed694/7€1.80M€2.40M▲
Return on contributions (dividend)694€1.80M€2.40M▲
Social balance
Average headcount (FTE)908746.247.0▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12k | €33k | €0 | - | - |
| Remuneration, social security and pensions62 | €1.66M | €2.07M | €2.21M | €2.47M | €2.46M | ▼ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €20k | €25k | €27k | €29k | ▲ 7.6% |
| Other operating charges640/8 | €78k | €68k | €107k | €106k | €144k | ▲ 35.7% |
| Non-recurring operating charges66A | €61k | €0 | €52k | €1k | €0 | ▼ 100% |
| Gross operating margin9900 | €2.67M | €3.11M | €4.44M | €4.73M | €5.10M | ▲ 7.7% |
| Operating profit (loss)9901 | €850k | €958k | €2.05M | €2.13M | €2.47M | ▲ 15.7% |
| Financial income75/76B | €66 | €15k | €11k | €41k | €28k | ▼ 31.8% |
| Recurring financial income75 | €66 | €15k | €11k | €41k | €28k | ▼ 31.8% |
| Financial charges65/66B | €5k | €9k | €1k | €8k | €21k | ▲ 166% |
| Recurring financial charges65 | €5k | €9k | €1k | €8k | €21k | ▲ 166% |
| Profit (loss) for the period before taxes9903 | €845k | €964k | €2.06M | €2.16M | €2.47M | ▲ 14.3% |
| Income taxes67/77 | €224k | €260k | €576k | €553k | €637k | ▲ 15.3% |
| Profit (loss) for the period9904 | €621k | €704k | €1.48M | €1.61M | €1.84M | ▲ 14.0% |
| Profit (loss) for the period to be appropriated9905 | €621k | €704k | €1.48M | €1.61M | €1.84M | ▲ 14.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.25M | €2.14M | €2.54M | €2.71M | €1.68M | ▼ 38.1% |
| Fixed assets21/28 | €70k | €73k | €123k | €103k | €115k | ▲ 11.8% |
| Intangible fixed assets21 | €8k | €4k | €0 | - | - | - |
| Tangible fixed assets22/27 | €62k | €69k | €123k | €103k | €115k | ▲ 11.8% |
| Land and buildings22 | €53k | €42k | €42k | €31k | €23k | ▼ 27.0% |
| Plant, machinery and equipment23 | €3k | €5k | €57k | €55k | €66k | ▲ 21.9% |
| Furniture and vehicles24 | €5k | €23k | €23k | €18k | €26k | ▲ 48.2% |
| Financial fixed assets28 | €700 | €0 | - | - | - | - |
| Current assets29/58 | €2.18M | €2.06M | €2.42M | €2.61M | €1.56M | ▼ 40.1% |
| Amounts receivable after more than one year29 | - | €1.20M | €1.00M | €353k | €80k | ▼ 77.3% |
| Other amounts receivable291 | - | €1.20M | €1.00M | €353k | €80k | ▼ 77.3% |
| Stocks and contracts in progress3 | €16k | €16k | €39k | €45k | €26k | ▼ 41.4% |
| Stocks30/36 | €16k | €16k | €39k | €45k | €26k | ▼ 41.4% |
| Amounts receivable within one year40/41 | €152k | €323k | €898k | €1.85M | €1.14M | ▼ 38.5% |
| Trade receivables40 | €142k | €276k | €153k | €107k | €118k | ▲ 9.8% |
| Other amounts receivable41 | €10k | €47k | €745k | €1.74M | €1.02M | ▼ 41.5% |
| Cash at bank and in hand54/58 | €2.00M | €422k | €353k | €153k | €100k | ▼ 34.6% |
| Deferred charges and accrued income490/1 | €10k | €102k | €127k | €204k | €217k | ▲ 6.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.25M | €2.14M | €2.54M | €2.71M | €1.68M | ▼ 38.1% |
| Equity10/15 | €1.27M | €625k | €1.21M | €1.02M | €454k | ▼ 55.4% |
| Contributions10/11 | €63k | €63k | €63k | €63k | €63k | = |
| Capital10 | €63k | €63k | €63k | €63k | €63k | = |
| Issued capital100 | €63k | €63k | €63k | €63k | €63k | = |
| Reserves13 | €6k | €562k | €1.14M | €955k | €391k | ▼ 59.1% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €555k | €1.14M | €948k | €385k | ▼ 59.4% |
| Profit (loss) carried forward14 | €1.20M | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €977k | €1.51M | €1.33M | €1.69M | €1.22M | ▼ 27.7% |
| Amounts payable within one year42/48 | €977k | €1.50M | €1.29M | €1.67M | €1.22M | ▼ 26.7% |
| Financial debts43 | - | - | - | €478k | €84k | ▼ 82.4% |
| Credit institutions430/8 | - | - | - | €478k | €84k | ▼ 82.4% |
| Trade debts44 | €482k | €619k | €583k | €498k | €506k | ▲ 1.6% |
| Suppliers440/4 | €482k | €619k | €583k | €498k | €506k | ▲ 1.6% |
| Advances received on contracts in progress46 | €13k | €2k | €0 | - | - | - |
| Taxes, remuneration and social security45 | €274k | €630k | €683k | €384k | €455k | ▲ 18.4% |
| Taxes450/3 | €201k | €396k | €403k | €71k | €167k | ▲ 135% |
| Remuneration and social security454/9 | €73k | €234k | €280k | €313k | €288k | ▼ 8.0% |
| Other amounts payable47/48 | €208k | €247k | €21k | €307k | €177k | ▼ 42.3% |
| Accrued charges and deferred income492/3 | €28 | €12k | €47k | €24k | €304 | ▼ 98.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €621k | €704k | €1.48M | €1.61M | €1.84M | ▲ 14.0% |
| + Depreciation and write-downs630 | €26k | €20k | €25k | €27k | €29k | ▲ 7.6% |
| Operating cash flow (approximation) | €647k | €724k | €1.51M | €1.64M | €1.87M | ▲ 13.9% |
| Investment in fixed assets (approximation) | - | €-23k | €-74k | €-8k | €-41k | ▼ 446% |
| Change in cash | - | €-1.58M | €-69k | €-200k | €-53k | ▲ 73.7% |
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
Next filing, fiscal year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €1.84M ▲14%
Operating result €2.47M, net result €1.84M, both a record.
17-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.21M ▲93.1%
3 profitable years in a row build equity to €1.21M.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €621k
Net result €621k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.27M ▲95.7%
Equity rises from €649k to €1.27M.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-567k
Net result drops to €-567k, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
Show earlier events
2019
31-12
Financial
Liquidity doublescurrent ratio 3.55
Current ratio from 1.47 to 3.55; short-term debt falls from €514k to €417k.
31-12
Financial
Equity above €1MEq €1.22M ▲144%
2 profitable years in a row build equity to €1.22M.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oostende · 2 establishment units since 2014
Ground area
888 m²
2 parcels, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Hotel Andromeda
since 20142.236.132.486
Signorini Tartufi
since 20242.372.255.358
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1595/00D035 | Flanders | 683 m² | - | - |
| 35013A1595/00P036 | Flanders | 205 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 5,061 EUR awarded · 3,407 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,061 EUR | 407 EUR |
| 2022 | 1 | 3,000 EUR | 3,000 EUR |
Schemes
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesOostende2.236.132.486
Oostende2.372.255.358
Dual-learning approval
6 live approvals · 1 endedHotelreceptionist duaal (so)
Hulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Medewerker kamerdienst duaal (so)
Show 1 ended approval
Hotelreceptionist duaal (so)
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Of 2,393 companies in sector 55100 we hold annual accounts for 1,514. 1,087 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
56111Full-service restaurants
82300Organisation of conventions and trade shows
96230Day spas, saunas and steam baths
Scores and ratios are computed by Checked and are not a credit decision.