Financials
- Fiscal year
- 2024
- Total assets
- €22,940
- Profit
- €2,958
- Solvency
- 91.0%
Total assets▲ 10.3%
Net result
20202024
WESTHOF PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of WESTHOF PROJECTS is 2.1% (moderate). The 2024 annual accounts show equity of €20,884 and a net result of €2,958. Equity is shrinking by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 19371 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
Size
€22,940total assets 2024
- Equity
- €20,884
- Profit
- €2,958
Turnover not published (abridged schema)
Structure
Accounts 64 d overdue0 of 3 deeds read
Why 55- Figures for FY 2024 (filed 18-06-2025)- Liquidity: current ratio 11.16, cash €33, halved- Size: total assets €22,940+ Sector Real estate activities (NACE 68)Show the evidence
Checked score
Score 2024
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 68% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
100=
equity 91.0% of total assets
Liquidity
50-14
short-term debt 9.0% · cash 0.1%
Profitability
70+70
return on assets 12.9%
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%lowest value
12-2024: 0.3%● 0.0% vs 11-2024lowest value
01-2025: 0.3%● 0.0% vs 12-2024lowest value
02-2025: 0.3%▲ +3.7% vs 01-2025
03-2025: 0.3%▲ +5.7% vs 02-2025
04-2025: 0.3%▲ +11.0% vs 03-2025
05-2025: 0.3%▼ -1.2% vs 04-2025
06-2025: 0.3%▼ -4.0% vs 05-2025
07-2025: 0.5%▲ +48.6% vs 06-2025
08-2025: 0.5%● 0.0% vs 07-2025
09-2025: 0.5%● 0.0% vs 08-2025
10-2025: 0.5%● 0.0% vs 09-2025
11-2025: 0.5%● 0.0% vs 10-2025
12-2025: 0.5%● 0.0% vs 11-2025
01-2026: 0.5%▲ +1.1% vs 12-2025
02-2026: 0.5%▲ +3.2% vs 01-2026
03-2026: 0.5%▲ +7.6% vs 02-2026
04-2026: 0.6%▲ +7.4% vs 03-2026
05-2026: 0.6%▼ -0.2% vs 04-2026
06-2026: 0.5%▼ -3.2% vs 05-2026
07-2026: 0.6%▲ +1.7% vs 06-2026
08-2026: 0.9%▲ +68.6% vs 07-2026
09-2026: 1.2%▲ +24.3% vs 08-2026
10-2026: 2.1%▲ +78.2% vs 09-2026highest value
- Figures for FY 2024 (filed 18-06-2025) raises the probability
- Liquidity: current ratio 11.16, cash €33, halved raises the probability
- Sector Real estate activities (NACE 68) lowers the probability
- Size: total assets €22,940 raises the probability for this profile
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 11.16 against 7.25 in 2023; short-term debt: 9% and cash: 0.1% of total assets), and 9% 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 68, micro). Better than this share of them on solvency 91%, liquidity 52%, profitability 58%, growth against the median 73%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
51 d early
2022
21 d early
2021
37 d early
2020
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Back to profitnet €2,958
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 9
- Since
- 2021
- 17-06-2025Annual accounts filed
- 31-12-2024Back to profit
- 10-06-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Development of residential building projectsNACE 68121
- Founded
- 15-02-2019
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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