WESTHINDER
ActiveThe computed 12-month bankruptcy probability of WESTHINDER is 1.6% (moderate). The 2026 annual accounts show equity of €25k and a net result of €-13k. Equity is growing by ~68.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 62 sector peers (fiscal year 2026). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability41▼-43
Solvency47▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.56 in 2025; short-term debt: 26.4% and cash: 6% of total assets), and 77.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
22.2%
Return on assets
-11.5%
Age of the figures
3 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 27-07-2026, 188 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
188 d early
2025
4 d early
2024
on the day
2023
on the day
2022
76 d early
2021
20 d early
2020
66 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-06-2027 close31-01-2028 deadline
Financials · fiscal year 2026, micro schema
Equity
€25k▼ 34.1%
2025 · €39k
2019: €-159k
2020: €-152k
2021: €-124k
2022: €-56k
2023: €-7k
2024: €12k
2025: €39k
2019 → 2026
Total assets
€115k▼ 48.0%
2025 · €221k
2019: €228k
2020: €206k
2021: €256k
2022: €236k
2023: €263k
2024: €249k
2025: €221k
2019 → 2026
Net result
€-13k
2025 · €26k
2019: €68k
2020: €7k
2021: €29k
2022: €68k
2023: €49k
2024: €19k
2025: €26k
2019 → 2026
Working capital
€-9k▲ 79.8%
2025 · €-44k
2019: €-171k
2020: €-142k
2021: €-163k
2022: €-99k
2023: €-68k
2024: €-51k
2025: €-44k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€-56k-€-7k▲ 87.6%€12k€39k▲ 216%€25k▼ 34.1%
Operating result€80k-€73k▼ 8.7%€40k▼ 45.9%€45k▲ 14.5%€16k▼ 65.8%
Net result€68k-€49k▼ 27.7%€19k▼ 60.8%€26k▲ 37.4%€-13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 66% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €115k
Fixed assets
€93k▼ 43.7%
Current assets
€21k▼ 61.0%
Equity and liabilities €115k
Equity
€25k▼ 34.1%
Debt
€89k▼ 51.0%
The debt ratio falls from 82.5% to 77.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€33k▼
2025 · €92k
Cash flow
€4k▼
2025 · €73k
Solvency
22.2%▲
2025 · 17.5%
Current ratio
0.71▲
2025 · 0.56
Quick ratio
0.71▲
2025 · 0.55
Debt / equity
3.51▼
2025 · 4.72
ROE
-51.8%▼
2025 · 68.3%
ROA
-11.5%▼
2025 · 11.9%
Interest coverage
4.40▼
2025 · 9.06
Debt
€89k▼
2025 · €182k
Debt ≤ 1 year
€30k▼
2025 · €99k
Debt > 1 year
€59k▼
2025 · €83k
Income taxes
€1k▼
2025 · €9k
Staff costs
€51k▼
2025 · €68k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€221k€115k▼
Fixed assets21/28€166k€93k▼
Tangible fixed assets22/27€166k€93k▼
Land and buildings22€93k€80k▼
Plant, machinery and equipment23€31k€14k▼
Furniture and vehicles24€42k-
Current assets29/58€55k€21k▼
Stocks and contracts in progress3€1k-
Stocks30/36€1k-
Amounts receivable within one year40/41€36k€15k▼
Other amounts receivable41€36k€15k▼
Cash at bank and in hand54/58€18k€7k▼
Equity and liabilities
Total equity and liabilities10/49€221k€115k▼
Equity10/15€39k€25k▼
Contributions10/11€7k€7k=
Reserves13€19k€19k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€13k€-243▼
Amounts payable17/49€182k€89k▼
Amounts payable after more than one year17€83k€59k▼
Financial debts170/4€83k€59k▼
Amounts payable within one year42/48€99k€30k▼
Current portion of amounts payable after more than one year42€73k€24k▼
Trade debts44€7k-
Suppliers440/4€7k-
Taxes, remuneration and social security45€19k€6k▼
Taxes450/3€14k€6k▼
Remuneration and social security454/9€5k-
Accrued charges and deferred income492/3€703-
Income statement
Code20252026
Non-recurring operating income76A-€8k
Remuneration, social security and pensions62€68k€51k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€18k▼
Other operating charges640/8€2k€669▼
Non-recurring operating charges66A€5k-
Gross operating margin9900€167k€85k▼
Operating profit (loss)9901€45k€16k▼
Financial income75/76B€10€1▼
Recurring financial income75€10€1▼
Financial charges65/66B€10k€27k▲
Recurring financial charges65€10k€8k▼
Non-recurring financial charges66B€151€20k▲
Profit (loss) for the period before taxes9903€35k€-12k▼
Income taxes67/77€9k€1k▼
Profit (loss) for the period9904€26k€-13k▼
Profit (loss) for the period to be appropriated9905€26k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-243▼
Profit (loss) brought forward from the previous period14P€-13k€13k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
10-08
State Gazette act
Registered office · Legal-form change · Resignations & appointmentsGeneral meeting · Director resignation · Director appointment6 facts ▸
State Gazette act
Registered office · Legal-form change · Resignations & appointments
General meeting · Director resignation · Director appointment6 facts ▸
- General meeting, 01/07/2026
- Director resignation, KOENRAAD LAURENT VAN BULCK (niet-statutaire bestuurder)
- Director resignation, KAREN JENNY HUYGHE (niet-statutaire bestuurder)
- Director appointment, Wim Lambrecht (niet-statutaire bestuurder)
- Mandate compensation, Wim Lambrecht
- Registered-office move, Distellaan 13, 8434 Westende
27-07
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
30-06
Financial
Weakest financial yearnet €-13k ▼150%
Net result drops to €-13k, the lowest in the series.
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
11-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2026
Wim Lambrecht
CurrentNon-statutory director · since 01-07-2026
01-07-2026
Wim Lambrecht: Appointed as Non-statutory director
01-07-2026
KAREN JENNY HUYGHE: Resigned as Non-statutory director
01-07-2026
KOENRAAD LAURENT VAN BULCK: Resigned as Non-statutory director
Location & real-estate footprint
Registered office, Middelkerke · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Distellaan 138434 MiddelkerkeGround area
1,691 m²
Building footprint
1,302 m²
Volume, LiDAR
11,424 m³
2 parcels, Flanders · tallest building 20.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
WESTHINDER
since 20072.161.909.769
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0001/00K067 | Flanders | 1,296 m² | 1 · 904 m² | 13.7 m · 2 fl. |
| 35022A0001/00C069 | Flanders | 396 m² | 1 · 398 m² | 20.0 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SHAZA
BE 0505.827.977
Gent · Eq €25k
DECO-FAC
BE 0844.757.459
Antwerpen · Eq €25k
SANDRA NOWOS
BE 0533.940.260
Avelgem · Eq €25k
DP-Nijlen
BE 0786.866.671
Nijlen · Eq €25k
FOOD CONCEPT GROUP
BE 0641.902.646
Genk · Eq €25k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,217 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-10-2006
Fiscal year end30-06
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
55522
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.