WESTSAILS (0437.503.355): financials and annual accounts

WESTSAILS

Bruges ·KBO/BCE: BE 0437.503.355

Line	2025	2024	2023	2022	2021	2020	2010	2008	2007	2006	2005
Balance sheet: assets
Total assets`20/58`	78,535	88,371	94,692	150,948	182,869	399	1,041	1,498	13,365	16,107	25,819
Fixed assets`21/28`	13,032	11,302	4,940	146,863	170,855	-	-	457	679	902	10,660
Intangible fixed assets`21`	5,666	-	133	672	1,211	-	-	-	-	-	-
Tangible fixed assets`22/27`	7,366	11,302	4,807	146,191	169,644	-	-	457	679	902	10,660
Land and buildings`22`	-	-	-	-	-	-	-	457	679	902	1,124
Plant, machinery and equipment`23`	7,315	9,956	2,441	4,613	5,126	-	-	-	-	-	-
Furniture and vehicles`24`	51	1,346	2,366	3,386	-	-	-	-	-	-	9,536
Leasing and similar rights`25`	-	-	-	138,192	164,518	-	-	-	-	-	-
Current assets`29/58`	65,503	77,069	89,752	4,085	12,014	399	1,041	1,041	12,686	15,205	15,159
Amounts receivable within one year`40/41`	28,106	13,215	12,280	3,017	11,347	392	1,041	1,041	12,553	15,034	12,800
Trade receivables`40`	27,833	12,158	12,054	240	524	-	1,041	1,041	12,553	15,034	12,534
Other amounts receivable`41`	273	1,057	226	2,777	10,823	392	-	-	-	-	266
Cash at bank and in hand`54/58`	25	716	183	104	135	7	-	-	133	171	1,138
Deferred charges and accrued income`490/1`	37,372	63,138	77,289	964	532	-	-	-	-	-	1,221
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	78,535	88,371	94,692	150,948	182,869	399	1,041	1,498	13,365	16,107	25,819
Equity`10/15`	-14,087	2,527	21,411	6,040	-160,473	-134,530	-111,092	-107,175	-105,473	-105,744	-89,210
Contributions`10/11`	263,500	263,500	263,500	263,500	63,500	63,500	63,500	63,500	63,500	63,500	63,500
Capital`10`	263,500	263,500	263,500	-	-	-	-	-	-	-	-
Issued capital`100`	263,500	263,500	263,500	-	-	-	63,500	63,500	63,500	63,500	63,500
Profit (loss) carried forward`14`	-277,587	-260,973	-242,089	-257,460	-223,973	-198,030	-174,592	-170,675	-168,973	-169,244	-152,710
Amounts payable`17/49`	92,622	85,844	73,281	144,908	343,342	134,929	112,133	108,673	118,838	121,851	115,029
Amounts payable after more than one year`17`	17,000	17,000	17,000	101,704	301,704	-	-	-	-	-	9,760
Financial debts`170/4`	-	-	-	84,704	102,704	-	-	-	-	-	9,760
Other amounts payable`178/9`	17,000	17,000	17,000	17,000	199,000	-	-	-	-	-	-
Amounts payable within one year`42/48`	75,622	68,844	56,281	43,204	41,638	134,929	112,133	108,673	118,838	121,851	105,269
Current portion of amounts payable after more than one year`42`	-	-	-	18,000	18,000	-	-	-	-	6,198	14,363
Financial debts`43`	-	-	-	-	-	-	12	2	-	-	12,752
Credit institutions`430/8`	-	-	-	-	-	-	12	2	-	-	12,752
Trade debts`44`	61,297	42,774	17,604	24,384	22,689	3,345	4,495	1,598	-	4,776	11,460
Suppliers`440/4`	61,297	42,774	17,604	24,384	22,689	3,345	4,495	1,598	-	4,776	11,460
Taxes, remuneration and social security`45`	2,716	449	1,774	501	227	-	-	-	354	195	3,496
Taxes`450/3`	2,716	449	1,774	501	227	-	-	-	354	195	3,496
Other amounts payable`47/48`	11,609	25,621	36,903	319	722	131,584	107,626	107,073	118,484	110,682	63,199
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	4,476	27,111
Non-recurring operating income`76A`	-	-	76,808	-	-	-	-	-	-	-	750
Gross operating margin`9900`	-11,654	-12,479	22,816	-2,960	-2,481	-4,273	-552	438	760	-1,033	-6,399
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	33	5,509	33,510
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	4,270	3,453	3,731	29,127	21,512	-	-	222	222	222	9,862
Other operating charges`640/8`	528	2,774	3,345	831	1,649	1,349	-	1,598	-	2,329	3,529
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	9,536	-
Operating profit (loss)`9901`	-16,452	-18,706	15,740	-32,918	-25,642	-5,622	-552	-1,382	538	-3,584	-19,790
Financial income`75/76B`	11	18	3	1	36	-	-	-	-	-	0
Recurring financial income`75`	11	18	3	1	36	-	-	-	-	-	0
Financial charges`65/66B`	173	196	372	296	110	195	20	320	267	3,414	3,667
Recurring financial charges`65`	173	196	372	296	110	195	20	320	267	3,414	3,667
Profit (loss) for the period before taxes`9903`	-16,614	-18,884	15,371	-33,213	-25,716	-5,817	-572	-1,702	271	-16,534	-22,706
Income taxes`67/77`	-	-	-	274	227	-	-	-	-	-	-
Profit (loss) for the period`9904`	-16,614	-18,884	15,371	-33,487	-25,943	-5,817	-572	-1,702	271	-16,534	-22,706
Profit (loss) for the period to be appropriated`9905`	-16,614	-18,884	15,371	-33,487	-25,943	-5,817	-572	-1,702	271	-16,534	-22,706
Appropriation of the result
Profit (loss) to be appropriated`9906`	-277,587	-260,973	-242,089	-257,460	-223,973	-198,030	-174,592	-170,675	-168,973	-169,244	-152,710
Profit (loss) brought forward from the previous period`14P`	-260,973	-242,089	-257,460	-223,973	-198,030	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	17-08-2026	2026-00405710	PDF
31-12-2024	micro format	21-08-2025	2025-00394576	PDF
31-12-2023	micro format	23-08-2024	2024-00370043	PDF
31-12-2022	micro format	22-03-2023	2023-00044132	PDF
31-12-2021	micro format	27-07-2022	2022-20239835	PDF
31-12-2020	micro format	30-06-2021	2021-30300013	PDF
31-12-2019	micro format	16-09-2020	2020-53800401	PDF
31-12-2018	micro format	27-09-2019	2019-66700272	PDF
31-12-2015	abbreviated format	22-09-2016	2016-61600479	PDF
31-12-2014	abbreviated format	03-12-2015	2015-68300402	PDF
31-12-2013	abbreviated format	01-09-2014	2014-57300475	PDF
31-12-2012	abbreviated format	29-09-2013	2013-60700061	PDF
31-12-2011	abbreviated format	01-02-2013	2013-02700311	PDF
31-12-2010	abbreviated format	22-11-2011	2011-61400461	PDF
31-12-2008	abbreviated format	29-09-2010	2010-57300362	PDF
31-12-2007	abbreviated format	09-09-2010	2010-54200144	PDF
31-12-2006	abbreviated format	20-12-2007	2007-84500031	PDF
31-12-2005	abbreviated format	18-12-2007	2007-83600345	PDF
31-12-2004	abbreviated format	30-09-2005	2005-78004961	PDF
31-12-2003	abbreviated format	15-10-2004	2004-73800190	PDF
31-12-2002	abbreviated format	28-07-2003	2003-52102792	PDF
31-12-2001	abbreviated format	10-06-2002	2002-19602070	PDF
31-12-2000	abbreviated format	14-09-2001	2001-56104290	PDF
31-12-1999	abbreviated format	20-06-2000	2000-24500921	PDF
31-12-1998	abbreviated format	20-05-1999	1999-10701715	PDF
31-12-1997	abbreviated format	18-08-1998	1998-40605302	PDF
31-12-1996	abbreviated format	22-12-1997	1997-57600923	PDF
31-12-1995	abbreviated format	28-05-1996	1996-10103194	PDF
31-12-1994	abbreviated format	10-11-1995	1995-56701905	PDF
31-12-1993	abbreviated format	02-02-1995	1995-01805347	PDF
31-12-1992	abbreviated format	10-06-1993	1993-12004908	PDF
31-12-1991	abbreviated format	25-05-1992	1992-06904733	PDF
31-12-1990	abbreviated format	15-07-1991	1991-18004465	PDF
31-12-1989	abbreviated format	29-01-1991	1991-01200415	PDF

Line	2025	2024	2023	2022	2021	2020	2010	2008	2007	2006	2005
EBITDA	-12,182	-15,253	19,471	-3,791	-4,130	-	-	-1,160	760	-3,362	-9,928
Cash flow	-12,344	-15,431	19,102	-4,360	-4,431	-	-	-1,480	493	-16,312	-12,845
Investment in fixed assets (approximation)	6,000	9,815	-138,192	5,135	192,367	-	-	0	-1	-9,536	500
Change in cash	-691	533	79	-31	128	-	-	-	-38	-967	-
Working capital	-10,119	8,225	33,471	-39,119	-29,624	-134,530	-111,092	-107,632	-106,152	-106,646	-90,110
EBIT margin	-	-	-	-	-	-	-	-	-	-80.1%	-73.0%
Solvency	-17.9%	2.9%	22.6%	4.0%	-87.8%	-	-	-	-789.2%	-656.5%	-345.5%
Current ratio	0.87	1.12	1.59	0.09	0.29	-	-	-	0.11	0.12	0.14
Debt to equity	-	33.97	3.42	23.99	-	-	-	-	-	-	-
ROE	-	-747.3%	71.8%	-554.4%	-	-	-	-	-	-	-
ROA	-21.2%	-21.4%	16.2%	-22.2%	-14.2%	-	-	-	2.0%	-102.7%	-87.9%
Interest coverage	-70.42	-77.82	52.34	-12.81	-37.55	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	1226 days	169 days
Supplier credit	-	-	-	-	-	-	-	-	-	316 days	125 days

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€9,815	-	€5,135	€190,750
Intangible fixed assets	€6,000	-	-	-	€1,617
Depreciation and write-downs of the year	€4,270	€3,453	€3,731	€29,127	€21,512

WESTSAILS

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-17.9%

Current ratio0.87

Return on assets-21.2%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on WESTSAILS

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