Summary
WESTVACO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.7m and a net result of €129,689. Equity is growing by ~6.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Axes, FY 2024 · tick = 2023
Profitability49▲+2
Solvency100▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
43 d early
2023
43 d early
2022
4 d early
2021
3 d early
2020
3 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 27 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€2.7m▲ 5.0%
2023 · €2.6m
Total assets
€2.7m▼ 29.0%
2023 · €3.9m
Net result
€129,689▼ 9.8%
2023 · €143,825
Working capital
€253,968▲ 131%
2022 · €110,143
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€199,181▲ 57.1%€172,416▼ 13.4%€201,506▲ 16.9%€173,436▼ 13.9%€171,439▼ 1.2%
Net result€146,108▲ 47.9%€139,680▼ 4.4%€163,902▲ 17.3%€143,825▼ 12.2%€129,689▼ 9.8%
Equity€2.2m▲ 7.2%€2.3m▲ 6.4%€2.5m▲ 7.1%€2.6m▲ 5.8%€2.7m▲ 5.0%
Total assets€3.7m▲ 2.0%€3.7m▲ 0.2%€3.8m▲ 0.7%€3.9m▲ 2.5%€2.7m▼ 29.0%
Debt€1.6m▼ 4.4%€1.4m▼ 8.5%€1.3m▼ 9.4%€1.3m▼ 3.9%
Working capital-€195,130▲ 43.7%-€53,759▲ 72.4%€110,143€253,968▲ 131%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 1% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.7m
Fixed assets
€2.4m =
Current assets
€383,657 ▼ 74.5%
Key figures and ratios
Solvency
100.0%▲
2023 · 67.7%
ROE
4.7%▼
2023 · 5.5%
ROA
4.7%▲
2023 · 3.7%
Income taxes
€43,230▼
2023 · €48,264
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €28,500 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,380 | €1,691 | - | - | - | - |
| Other operating charges640/8 | - | - | €57,769 | €62,756 | €68,300 | ▲ 8.8% |
| Gross operating margin9900 | €257,274 | €231,465 | €259,275 | €236,192 | €239,739 | ▲ 1.5% |
| Operating profit (loss)9901 | €199,181 | €172,416 | €201,506 | €173,436 | €171,439 | ▼ 1.2% |
| Financial income75/76B | - | - | €18,410 | €18,686 | €1,513 | ▼ 91.9% |
| Recurring financial income75 | €17,870 | €18,138 | €18,410 | €18,686 | €1,513 | ▼ 91.9% |
| Financial charges65/66B | - | - | €32 | €33 | €34 | ▲ 3.6% |
| Recurring financial charges65 | €23 | €27 | €32 | €33 | €34 | ▲ 3.6% |
| Profit (loss) for the period before taxes9903 | €217,027 | €190,526 | €219,884 | €192,089 | €172,919 | ▼ 10.0% |
| Income taxes67/77 | €70,919 | €50,847 | €55,982 | €48,264 | €43,230 | ▼ 10.4% |
| Profit (loss) for the period9904 | €146,108 | €139,680 | €163,902 | €143,825 | €129,689 | ▼ 9.8% |
| Profit (loss) for the period to be appropriated9905 | €146,108 | €139,680 | €163,902 | €143,825 | €129,689 | ▼ 9.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €3.7m | €3.8m | €3.9m | €2.7m | ▼ 29.0% |
| Fixed assets21/28 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Tangible fixed assets22/27 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Land and buildings22 | - | - | €2.4m | €2.4m | €2.4m | = |
| Current assets29/58 | €1.4m | €1.4m | €1.4m | €1.5m | €383,657 | ▼ 74.5% |
| Amounts receivable within one year40/41 | €1.2m | €1.2m | €1.2m | €1.3m | €4,824 | ▼ 99.6% |
| Other amounts receivable41 | - | - | €1.2m | €1.3m | €4,824 | ▼ 99.6% |
| Cash at bank and in hand54/58 | €167,365 | €156,915 | €166,543 | €238,964 | €378,833 | ▲ 58.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €3.7m | €3.8m | €3.9m | €2.7m | ▼ 29.0% |
| Equity10/15 | €2.2m | €2.3m | €2.5m | €2.6m | €2.7m | ▲ 5.0% |
| Contributions10/11 | - | - | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €2.0m | €2.1m | €2.4m | €2.5m | €2.6m | ▲ 5.1% |
| Non-distributable reserves130/1 | - | - | €87,438 | €87,438 | €87,438 | = |
| Reserves not available under the articles1311 | - | - | €87,438 | €87,438 | €87,438 | = |
| Distributable reserves133 | - | - | €2.3m | €2.4m | €2.6m | ▲ 5.3% |
| Amounts payable17/49 | €1.6m | €1.4m | €1.3m | €1.3m | - | - |
| Amounts payable within one year42/48 | €1.6m | €1.4m | €1.3m | €1.3m | - | - |
| Taxes, remuneration and social security45 | - | - | €10,982 | - | - | - |
| Taxes450/3 | - | - | €10,982 | - | - | - |
| Other amounts payable47/48 | - | - | €1.3m | €1.3m | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €146,108 | €139,680 | €163,902 | €143,825 | €129,689 | ▼ 9.8% |
| + Depreciation and write-downs630 | €5,380 | €1,691 | - | - | - | - |
| Operating cash flow (approximation) | €151,488 | €141,371 | €163,902 | €143,825 | €129,689 | ▼ 9.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€10,450 | €9,627 | €72,421 | €139,868 | ▲ 93.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €163,902 ▲17.3%
Operating result €201,506, net result €163,902, both a record.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
06-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Grimbergen · 1 establishment unit since 1991
Ground area
98 m²
Building footprint
98 m²
Volume, LiDAR
537 m³
Parcel 23025I0063/00K002, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Westvaartdijk 73, 1850 Grimbergen
since 19912.050.879.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23025I0063/00K002 | Flanders | 98 m² | 1 · 98 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
HOLCIM (BELGIQUE) - HOLCIM (BELGIE)
10 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- HOLCIM (BELGIQUE) - HOLCIM (BELGIE)
- WESTVACO
Highest known parent: HOLCIM (BELGIQUE) - HOLCIM (BELGIE). The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company
Founded03-10-1990
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442284267
Registered
08-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.