WESTRAY
Bankruptcy closedInactive since 15-04-2026; last annual accounts for fiscal year 2022.
Summary
WESTRAY was declared bankrupt on 09-11-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 14-04-2026, published in the Belgian State Gazette on 20-04-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 22-08-2023, 22 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
22 d late
2021
25 d early
2020
37 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€421k▲ 2.6%
2021 · €411k
2019: €14k
2020: €39k
2021: €411k
2019 → 2022
Total assets
€476k▲ 14.1%
2021 · €418k
2019: €92k
2020: €89k
2021: €418k
2019 → 2022
Net result
€11k
2021 · €-64k
2019: €-34k
2020: €-102k
2021: €-64k
2019 → 2022
Working capital
€67k▼ 69.9%
2021 · €224k
2019: €10k
2020: €76k
2021: €224k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€14k-€39k▲ 167%€411k▲ 966%€421k▲ 2.6%
Operating result€-34k-€-103k▼ 204%€-63k▲ 38.6%€12k
Net result€-34k-€-102k▼ 199%€-64k▲ 37.3%€11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €12k after a loss of €63k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €457k
Fixed assets
€335k ▲ 106%
Current assets
€122k ▼ 47.0%
Equity and liabilities €476k
Equity
€421k ▲ 2.6%
Debt
€55k ▲ 707%
Debt's share of the balance-sheet total rises from 1.6% to 11.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€59k▲
2021 · €-42k
Cash flow
€58k▲
2021 · €-42k
Current ratio
2.23▼
2021 · 34.00
Debt to equity
0.13▲
2021 · 0.02
ROE
2.5%▲
2021 · -15.6%
ROA
2.2%▲
2021 · -15.4%
Interest coverage
46.32▲
2021 · -52.19
Debt ≤ 1 year
€55k▲
2021 · €7k
Staff costs
€5k▼
2021 · €7k
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 · 2022 against 2021 · 38 lines
Balance sheet
Code20212022
Assets
Total assets20/58€418k€476k▲
Formation expenses20€24k€19k▼
Fixed assets21/28€162k€335k▲
Intangible fixed assets21€162k€335k▲
Tangible fixed assets22/27€819-
Plant, machinery and equipment23€819-
Current assets29/58€231k€122k▼
Amounts receivable within one year40/41€26k€66k▲
Trade receivables40€6k€24k▲
Other amounts receivable41€20k€42k▲
Cash at bank and in hand54/58€204k€52k▼
Deferred charges and accrued income490/1€970€4k▲
Equity and liabilities
Total equity and liabilities10/49€418k€476k▲
Equity10/15€411k€421k▲
Contributions10/11€611k€611k=
Profit (loss) carried forward14€-201k€-190k▲
Amounts payable17/49€7k€55k▲
Amounts payable within one year42/48€7k€55k▲
Trade debts44€2k€53k▲
Suppliers440/4€2k€53k▲
Taxes, remuneration and social security45€4k-
Taxes450/3€950-
Remuneration and social security454/9€3k-
Other amounts payable47/48€2k€2k=
Income statement
Code20212022
Remuneration, social security and pensions62€7k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€47k▲
Other operating charges640/8€2k€861▼
Gross operating margin9900€-33k€65k▲
Operating profit (loss)9901€-63k€12k▲
Financial income75/76B€111€208▲
Recurring financial income75€111€208▲
Financial charges65/66B€801€1k▲
Recurring financial charges65€801€1k▲
Profit (loss) for the period before taxes9903€-64k€11k▲
Profit (loss) for the period9904€-64k€11k▲
Profit (loss) for the period to be appropriated9905€-64k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-201k€-190k▲
Profit (loss) brought forward from the previous period14P€-136k€-201k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
20-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · WESTRAY BV LANGE LOBROEKSTRAAT 41-45, 2060 ANTWERPEN 6 · event 14-04-2026
2023
16-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · WESTRAY BV LANGE LOBROEKSTRAAT 41-45, 2060 ANTWERPEN 6 · event 09-11-2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 34.00
Current ratio from 8.06 to 34.00; short-term debt falls from €11k to €7k.
31-12
Financial
Equity above €200kEq €411k ▲966%
Equity rises from €39k to €411k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-102k
Net result drops to €-102k, the lowest in the series.
31-12
Financial
Liquidity times 7current ratio 8.06
Current ratio from 1.13 to 8.06; short-term debt falls from €78k to €11k.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Antwerpen
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.
Lange Lobroekstraat 41-452060 AntwerpenGround area
649 m²
Building footprint
325 m²
Volume, LiDAR
3,854 m³
Parcel 11807G0422/00S016, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0422/00S016 | Flanders | 649 m² | 1 · 325 m² | 16.0 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOON BRAWERS JUSTITIESTRAAT 27 BUS 12, 2018 -
ANTWERPEN |
09-11-2023 → 14-04-2026 |
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 198,000 EUR awarded · 198,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | -67,423 EUR | 0 EUR |
| 2023 | 1 | 50,000 EUR | 25,000 EUR |
| 2022 | 2 | 215,423 EUR | 173,000 EUR |
Schemes
Ontwikkelingsproject
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies voor internationaal ondernemen
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 5,730 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
Founded05-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.