WESTKING
ActiveSummary
The computed 12-month bankruptcy probability of WESTKING is 6.8% (elevated). The 2025 annual accounts show equity of €77k and a net result of €-43k. Equity is shrinking by ~24.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 29% of 3674 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+6
Solvency34▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
6.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity short (current ratio 0.46 against 0.48 in 2024; short-term debt: 68.3% and cash: 27.3% of total assets), and 90.5% 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.
+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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
9.5%
Return on assets
-5.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-43k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
28 d late
2024
32 d early
2023
30 d late
2022
31 d late
2021
33 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€77k▼ 35.9%
2024 · €119k
2021: €239k
2022: €166k
2023: €217k
2024: €119k
2021 → 2025
Total assets
€810k▼ 16.6%
2024 · €971k
2021: €1.36M
2022: €1.39M
2023: €1.00M
2024: €971k
2021 → 2025
Net result
€-43k▲ 56.1%
2024 · €-98k
2021: €139k
2022: €-73k
2023: €51k
2024: €-98k
2021 → 2025
Working capital
€-299k▼ 3.3%
2024 · €-290k
2021: €-218k
2022: €-367k
2023: €-256k
2024: €-290k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€239k-€166k▼ 30.6%€217k▲ 31.1%€119k▼ 45.0%€77k▼ 35.9%
Operating result€159k-€-64k€58k€-91k€-38k▲ 58.7%
Net result€139k-€-73k€51k€-98k€-43k▲ 56.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2025 against €91k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €810k
Fixed assets
€556k ▼ 20.6%
Current assets
€254k ▼ 6.3%
Equity and liabilities €810k
Equity
€77k ▼ 35.9%
Debt
€733k ▼ 13.9%
Debt's share of the balance-sheet total rises from 87.7% to 90.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€108k▲
2024 · €56k
Cash flow
€103k▲
2024 · €50k
Current ratio
0.46▼
2024 · 0.48
Quick ratio
0.41▼
2024 · 0.44
Debt to equity
9.57▲
2024 · 7.13
ROE
-55.9%▲
2024 · -81.7%
ROA
-5.3%▲
2024 · -10.0%
Interest coverage
19.38▲
2024 · 8.01
Debt ≤ 1 year
€553k▼
2024 · €561k
Debt > 1 year
€180k▼
2024 · €269k
Income taxes
€244▲
2024 · €242
Staff costs
€718k▼
2024 · €777k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€971k€810k▼
Fixed assets21/28€700k€556k▼
Intangible fixed assets21€6k-
Tangible fixed assets22/27€690k€552k▼
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€466€242▼
Other tangible fixed assets26€687k€548k▼
Financial fixed assets28€5k€5k=
Current assets29/58€271k€254k▼
Stocks and contracts in progress3€25k€25k▼
Stocks30/36€25k€25k▼
Amounts receivable within one year40/41€31k€4k▼
Trade receivables40€931€4k▲
Other amounts receivable41€30k€79▼
Cash at bank and in hand54/58€208k€221k▲
Deferred charges and accrued income490/1€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€971k€810k▼
Equity10/15€119k€77k▼
Contributions10/11€100k€100k=
Reserves13€139k€139k=
Distributable reserves133€139k€139k=
Profit (loss) carried forward14€-119k€-162k▼
Amounts payable17/49€852k€733k▼
Amounts payable after more than one year17€269k€180k▼
Financial debts170/4€269k€180k▼
Amounts payable within one year42/48€561k€553k▼
Current portion of amounts payable after more than one year42€96k€89k▼
Trade debts44€251k€232k▼
Suppliers440/4€251k€232k▼
Taxes, remuneration and social security45€93k€91k▼
Taxes450/3€13k€10k▼
Remuneration and social security454/9€80k€81k▲
Other amounts payable47/48€120k€141k▲
Accrued charges and deferred income492/3€22k-
Income statement
Code20242025
Non-recurring operating income76A€7k€5k▼
Remuneration, social security and pensions62€777k€718k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€148k€146k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€834k€828k▼
Operating profit (loss)9901€-91k€-38k▲
Financial income75/76B€1k€728▼
Recurring financial income75€1k€728▼
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€-97k€-43k▲
Income taxes67/77€242€244▲
Profit (loss) for the period9904€-98k€-43k▲
Profit (loss) for the period to be appropriated9905€-98k€-43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-119k€-162k▼
Profit (loss) brought forward from the previous period14P€-22k€-119k▼
Social balance
Average headcount (FTE)908719.010.8▼
The notes to these accounts (14 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 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-98k ▼290%
Net result drops to €-98k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
31-12
Financial
Equity above €200kEq €217k ▲31.1%
Equity rises from €166k to €217k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Anderlecht · 1 establishment unit since 2020
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.
Sylvain Dupuislaan 4331070 AnderlechtGround area
5.8 ha
Building footprint
3.8 ha
Volume, LiDAR
288,300 m³
Parcel 21001A0250/00C000, Brussels · tallest building 48.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WESTKING
since 20202.307.254.074
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0250/00C000 | Brussels | 5.8 ha | 1 · 3.8 ha | 48.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.307.254.074
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DP JUNIOR
BE 1004.672.253
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DELINE
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Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,087 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.