WESTVELD
ActiveSummary
WESTVELD has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €553,365 and a net result of €198,034. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 10522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84=
Solvency58▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.26 in 2024; short-term debt: 42.9% and cash: 17.2% of total assets), and 66.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.2%
Return on assets
11.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-12-2025, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
35 d early
2023
44 d early
2022
78 d early
2021
40 d early
2020
88 d early
2019
67 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 59 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 18 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€553,365▲ 3.4%
2024 · €535,331
Total assets
€1.7m▼ 2.2%
2024 · €1.7m
Net result
€198,034▼ 3.6%
2024 · €205,535
Working capital
€237,746▲ 26.7%
2024 · €187,681
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€154,439▼ 16.0%€208,334▲ 34.9%€134,622▼ 35.4%€221,363▲ 64.4%€215,186▼ 2.8%
Net result€149,576above the sector's middle half▼ 16.3%€198,885above the sector's middle half▲ 33.0%€120,607above the sector's middle half▼ 39.4%€205,535above the sector's middle half▲ 70.4%€198,034above the sector's middle half▼ 3.6%
Equity€390,304within the sector's middle half▲ 5.3%€514,189within the sector's middle half▲ 31.7%€529,796within the sector's middle half▲ 3.0%€535,331within the sector's middle half▲ 1.0%€553,365within the sector's middle half▲ 3.4%
Total assets€935,676within the sector's middle half▼ 0.5%€1.8mabove the sector's middle half▲ 95.5%€1.7mwithin the sector's middle half▼ 8.0%€1.7mwithin the sector's middle half▲ 1.2%€1.7mabove the sector's middle half▼ 2.2%
Debt€545,372▼ 4.3%€1.3m▲ 141%€1.2m▼ 12.3%€1.2m▲ 1.3%€1.1m▼ 4.8%
Working capital€13,822below the sector's middle half€187,604within the sector's middle half▲ 1,257%€177,280within the sector's middle half▼ 5.5%€187,681within the sector's middle half▲ 5.9%€237,746within the sector's middle half▲ 26.7%
Solvency41.7%within the sector's middle half▲ 2.3pp28.1%within the sector's middle half▼ 13.6pp31.5%within the sector's middle half▲ 3.4pp31.4%within the sector's middle half▼ 0.1pp33.2%within the sector's middle half▲ 1.8pp
Current ratio1.03below the sector's middle half▲ 0.081.26within the sector's middle half▲ 0.231.28within the sector's middle half▲ 0.021.26within the sector's middle half▼ 0.021.33within the sector's middle half▲ 0.08
Return on assets (ROA)16.0%above the sector's middle half▼ 3.0pp10.9%within the sector's middle half▼ 5.1pp7.2%within the sector's middle half▼ 3.7pp12.1%above the sector's middle half▲ 4.9pp11.9%above the sector's middle half▼ 0.2pp
Staff (FTE)3.2within the sector's middle half▲ 3.2%3.4within the sector's middle half▲ 6.3%3.3within the sector's middle half▼ 2.9%3.5within the sector's middle half▲ 6.1%3.4within the sector's middle half▼ 2.9%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€712,773 ▼ 9.3%
Current assets
€953,026 ▲ 3.8%
Equity and liabilities €1.7m
Equity
€553,365 ▲ 3.4%
Debt
€1.1m ▼ 4.8%
Debt's share of the balance-sheet total falls from 68.6% to 66.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€301,212▼
2024 · €306,651
Cash flow
€284,060▼
2024 · €290,822
Quick ratio
0.98▲
2024 · 0.94
Debt to equity
2.01▼
2024 · 2.18
ROE
35.8%▼
2024 · 38.4%
Interest coverage
25.22▲
2024 · 23.29
Debt ≤ 1 year
€715,280▼
2024 · €730,644
Debt > 1 year
€392,106▼
2024 · €436,805
Income taxes
€8,381▲
2024 · €4,101
Staff costs
€273,493▲
2024 · €251,793
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €196,781 | €251,923 | €251,793 | €273,493 | ▲ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,495 | €57,526 | €131,214 | €85,287 | €86,026 | ▲ 0.9% |
| Other operating charges640/8 | - | €7,009 | €2,078 | €5,489 | €4,746 | ▼ 13.5% |
| Non-recurring operating charges66A | - | €729 | €0 | €58 | €0 | ▼ 100% |
| Gross operating margin9900 | €371,024 | €470,378 | €519,838 | €563,991 | €579,451 | ▲ 2.7% |
| Operating profit (loss)9901 | €154,439 | €208,334 | €134,622 | €221,363 | €215,186 | ▼ 2.8% |
| Financial income75/76B | - | €4,724 | €2,331 | €1,438 | €3,170 | ▲ 120% |
| Recurring financial income75 | €3,685 | €4,724 | €2,331 | €1,438 | €3,170 | ▲ 120% |
| Financial charges65/66B | - | €5,592 | €13,116 | €13,165 | €11,941 | ▼ 9.3% |
| Recurring financial charges65 | €25 | €5,592 | €13,116 | €13,165 | €11,941 | ▼ 9.3% |
| Profit (loss) for the period before taxes9903 | €158,099 | €207,465 | €123,837 | €209,636 | €206,415 | ▼ 1.5% |
| Income taxes67/77 | €8,523 | €8,581 | €3,230 | €4,101 | €8,381 | ▲ 104% |
| Profit (loss) for the period9904 | €149,576 | €198,885 | €120,607 | €205,535 | €198,034 | ▼ 3.6% |
| Profit (loss) for the period to be appropriated9905 | €149,576 | €198,885 | €120,607 | €205,535 | €198,034 | ▼ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €935,676 | €1.8m | €1.7m | €1.7m | €1.7m | ▼ 2.2% |
| Fixed assets21/28 | €377,482 | €910,837 | €862,843 | €785,455 | €712,773 | ▼ 9.3% |
| Tangible fixed assets22/27 | €376,679 | €910,034 | €862,039 | €784,652 | €711,970 | ▼ 9.3% |
| Land and buildings22 | - | €490,147 | €452,613 | €421,416 | €395,154 | ▼ 6.2% |
| Plant, machinery and equipment23 | - | €416,426 | €407,129 | €354,429 | €310,542 | ▼ 12.4% |
| Furniture and vehicles24 | - | €3,460 | €2,297 | €1,133 | €6,275 | ▲ 454% |
| Other tangible fixed assets26 | - | - | - | €7,673 | €0 | ▼ 100% |
| Financial fixed assets28 | €803 | €803 | €803 | €803 | €803 | = |
| Current assets29/58 | €558,194 | €918,117 | €820,226 | €918,325 | €953,026 | ▲ 3.8% |
| Stocks and contracts in progress3 | €198,983 | €162,397 | €234,003 | €230,623 | €253,638 | ▲ 10.0% |
| Stocks30/36 | - | €162,397 | €234,003 | €230,623 | €253,638 | ▲ 10.0% |
| Amounts receivable within one year40/41 | €111,639 | €258,884 | €281,741 | €291,757 | €307,474 | ▲ 5.4% |
| Trade receivables40 | - | €110,495 | €142,822 | €135,831 | €135,012 | ▼ 0.6% |
| Other amounts receivable41 | - | €148,389 | €138,919 | €155,927 | €172,462 | ▲ 10.6% |
| Current investments50/53 | - | - | - | €100,922 | €100,922 | = |
| Cash at bank and in hand54/58 | €245,932 | €491,332 | €301,835 | €291,577 | €286,400 | ▼ 1.8% |
| Deferred charges and accrued income490/1 | - | €5,504 | €2,648 | €3,446 | €4,592 | ▲ 33.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €935,676 | €1.8m | €1.7m | €1.7m | €1.7m | ▼ 2.2% |
| Equity10/15 | €390,304 | €514,189 | €529,796 | €535,331 | €553,365 | ▲ 3.4% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Revaluation surpluses12 | - | €7,598 | €7,598 | €7,598 | €7,598 | = |
| Reserves13 | €362,706 | €486,591 | €502,198 | €507,733 | €525,767 | ▲ 3.6% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €0 | - | - |
| Tax-exempt reserves132 | - | €320 | €320 | €320 | €320 | = |
| Distributable reserves133 | - | €484,271 | €499,878 | €507,413 | €525,447 | ▲ 3.6% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €545,372 | €1.3m | €1.2m | €1.2m | €1.1m | ▼ 4.8% |
| Amounts payable after more than one year17 | - | €581,144 | €509,327 | €436,805 | €392,106 | ▼ 10.2% |
| Financial debts170/4 | - | €431,144 | €359,327 | €286,805 | €242,106 | ▼ 15.6% |
| Other amounts payable178/9 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Amounts payable within one year42/48 | €544,372 | €730,513 | €642,946 | €730,644 | €715,280 | ▼ 2.1% |
| Current portion of amounts payable after more than one year42 | - | €65,453 | €71,817 | €72,522 | €44,699 | ▼ 38.4% |
| Trade debts44 | €498,713 | €555,255 | €418,996 | €401,259 | €435,057 | ▲ 8.4% |
| Suppliers440/4 | - | €555,255 | €418,996 | €401,259 | €435,057 | ▲ 8.4% |
| Taxes, remuneration and social security45 | - | €34,838 | €45,046 | €50,514 | €55,524 | ▲ 9.9% |
| Taxes450/3 | - | €9,462 | €12,531 | €5,475 | €1,677 | ▼ 69.4% |
| Remuneration and social security454/9 | - | €25,376 | €32,514 | €45,039 | €53,847 | ▲ 19.6% |
| Other amounts payable47/48 | - | €74,967 | €107,087 | €206,348 | €180,000 | ▼ 12.8% |
| Accrued charges and deferred income492/3 | - | €3,107 | €1,000 | €1,000 | €5,048 | ▲ 405% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €149,576 | €198,885 | €120,607 | €205,535 | €198,034 | ▼ 3.6% |
| + Depreciation and write-downs630 | €26,495 | €57,526 | €131,214 | €85,287 | €86,026 | ▲ 0.9% |
| Operating cash flow (approximation) | €176,071 | €256,411 | €251,821 | €290,822 | €284,060 | ▼ 2.3% |
| Investment in fixed assets (approximation) | - | -€590,881 | -€83,220 | -€7,900 | -€13,344 | ▼ 68.9% |
| Change in cash | - | €245,399 | -€189,497 | -€10,258 | -€5,177 | ▲ 49.5% |
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
Next filing, fiscal year 2026, expected by
2026
19-02
State Gazette act
Capital & shares · RestructuringDemerger · Accounting effect · Real estate9 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Accounting effect · Real estate9 facts ▸
- General meeting, 29-01-2026
- Demerger, partial split, inbreng in natura
- Accounting effect, 01-07-2025
- Real estate, Woonhuis op en met grond en aanhorigheden gelegen aan de Nachtegaalstraat 1, kadastraal bekend volgens titel sectie C, nummer 354/B/6, en volgens recent uittrek…
- Real estate, Handelshuis op en met grond en aanhorigheden, gelegen aan de Alfons Braeckmanlaan 202/204, kadastraal bekend volgens titel sectie C, nummer 354/D/6 en volgens r…
- Share issue, nieuwe aandelen, 2
- Share transfer, WESTVELD → Coorevits Michaël
- Share transfer, WESTVELD → De Mits Sibbel
- Power of attorney, ACCOFISC
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
27-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Highest result since 2019net €205,535 ▲70.4%
Operating result €221,363, net result €205,535, both a record.
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €120,607 ▼39.4%
Net result drops to €120,607, the lowest in the series; recovery starts the following year.
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Equity above €500,000Eq €514,189 ▲31.7%
4 profitable years in a row build equity to €514,189.
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2010
Ground area
457 m²
Building footprint
214 m²
Volume, LiDAR
1,811 m³
Parcel 44432C0354/00D006, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Apotheek Westveld
since 20102.190.675.912
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0354/00D006 | Flanders | 457 m² | 1 · 214 m² | 12.8 m · 3 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
Owners and holdings
1 ownerChain of control
- Coorevitsdemits
- WESTVELD
Highest known parent: Coorevitsdemits. The sources do not say who stands above it.
Owners 1
- Coorevitsdemitsparent93.5%
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.
Acquisitions and mergers
1 transactionSplit off to:COOREVITSDEMITS
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.190.675.912
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Of 2,075 companies in sector 47750 we hold annual accounts for 517. 225 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-12-2003
Fiscal year end30-06
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
47750Retail sale of cosmetics and toilet articles
47279Other retail sale of food
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862365929
Also
9925:BE0862365929
Registered
02-06-2025
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.