Westvlacre
Westvlacre is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.73M and a net result of €-34k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 92% of 487 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €4.73M |
| Net result | €-34k |
| Staff (FTE) | 9.2 |
| Better than sector | 92% |
Mixed profile: strong on solvency, weaker on health.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 93.9% | 42.7% | |
| Net result | €-34k | €71k | |
| Equity | €4.73M | €483k | |
| Gross operating margin | €892k | €87k | |
| Staff costs | €726k | €72k |
| Fiscal year | 2025 |
|---|---|
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €-34k |
| Cash flow | n/a |
| Staff costs | €726k |
| Income taxes | €817 |
| Dividends | - |
| Total assets | €5.04M |
| Equity | €4.73M |
| Debt | €305k |
| of which ≤ 1y | €300k |
| of which > 1y | - |
| Working capital | n/a |
| Employees (FTE) | 9.2 |
| 2025 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 93.9% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | -0.7% |
| ROE | -0.7% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.04M |
| Fixed assets | 21/28 | €2.85M |
| Tangible fixed assets | 22/27 | €2.85M |
| Current assets | 29/58 | €2.19M |
| Amounts receivable within one year | 40/41 | €2.18M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.04M |
| Equity | 10/15 | €4.73M |
| Contributions / capital | 10/11 | €4.79M |
| Accumulated profits (losses) | 14 | €-59k |
| Amounts payable | 17/49 | €305k |
| Amounts payable within one year | 42/48 | €300k |
| Trade debts payable within one year | 44 | €87k |
| Income statement | ||
| Gross operating margin | 9900 | €892k |
| Operating result | 9901 | €-60k |
| Financial income | 75 | €29k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-33k |
| Income taxes | 67/77 | €817 |
| Net result for the period | 9904 | €-34k |
| Result to be appropriated | 9905 | €-34k |
-
ORKARILegal entityDirector· perm. rep.: CRETSKENS RaymondState Gazette act 24308682 (05-01-2024)Current05-01-2024 → present
2 events
- 05-01-2024 Resigned· Director
- 05-01-2024 Mandate renewed· Director
| NACE primary | Financial services(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 05-06-2018 |
| Status | Active |
| Postal code | 3650 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72032B1038/00A002 | Flanders | 932 m² | 1 · 350 m² | 10.4 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
25-03-2026 All shares are now held by a single shareholder
Technical details
{
"events": [
{
"kind": "eenhoofdigheid_declaration",
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"delta_eur": null,
"before_eur": null,
"decrease_purpose": null,
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": "Westvlacre",
"firm_city": null,
"firm_name": null,
"office_city": "Tongeren-Borgloon",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2026-03-25",
"filing_date": "2026-03-18",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"act_date": "2026-03-18",
"unanimous": null,
"under_authorized_capital": false,
"underlying_resolution_date": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0697.635.480",
"name_full": "Ondernemingsrechtbank Antwerpen",
"legal_form": "B.V.",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": null,
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"Vaststelling van het in \u00E9\u00E9n hand verenigd zijn van alle aandelen in overeenstemming met artikel 2:8, \u00A74 van het wetboek van vennootschappen en verenigingen"
],
"shareholders_after": [],
"share_classes_after": []
}05-01-2024 1 resigning, 1 reappointed
- ORKARI, Bestuurder
- CRETSKENS Raymond, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "ORKARI",
"address": null,
"birth_date": null
},
"evidence_quote": "De vergadering besluit de huidige zaakvoerder, de besloten vennootschap ORKARI, voornoemd, ontslag te geven uit zijn functie"
},
{
"kind": "director_renew",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "CRETSKENS Raymond",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "ORKARI",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "gaat onmiddellijk over tot herbenoeming van: - de besloten vennootschap ORKARI, met zetel te 3650 Dilsen-Stokkem (Dilsen), Kempenstraat 11, vertegenwoordigd door haar vaste vertegenwoordiger de heer CRETSKENS Raymond, voornoemd, Als niet-statutaire bestuurder voor onbepaalde duur."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0697.635.480",
"name_full": "WESTVLACRE",
"legal_form": "BVBA"
}
}23-01-2020 Capital increase of €4,216,000 to €4,791,000
- €575.000 → €4.791.000
Technical details
{
"events": [
{
"kind": "capital_increase",
"amount": 4216000,
"currency": "EUR",
"after_eur": 4791000,
"delta_eur": 4216000,
"before_eur": 575000,
"amount_type": "kapitaal_effectief",
"effective_date": "2019-12-26",
"evidence_quote": "De vergadering der vennoten beslist het kapitaal te verhogen met in totaal vier miljoen tweehonderd zestienduizend euro (\u20AC 4.216.000,00) om het kapitaal te brengen van vijfhonderd vijfenzeventigduizend euro (\u20AC 575.000,00) op vier miljoen zevenhonderd eenennegentigduizend euro (\u20AC 4.791.000,00), door de hierna vermelde inbreng in natura en door creatie van vierduizend tweehonderd zestien (4.216) nieuwe aandelen op naam zonder vermelding van de nominale waarde.",
"contribution_type": "in_kind"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0697.635.480",
"name_full": "WESTVLACRE",
"legal_form": "BVBA"
}
}07-06-2018 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "Kempenstraat 11, 3650 Dilsen-Stokkem",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": {
"kbo": null,
"name": "NEWVO"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "naam",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": "NEWVO",
"contribution_type": "cash",
"amount_paid_in_eur": 574000,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 574,
"amount_subscribed_eur": 574000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1964-05-22",
"name": "CRETSKENS Raymond Pierre",
"niss": null,
"address": "3650 Dilsen-Stokkem, Kempenstraat 11"
},
"share_class": "naam",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 1000,
"holder_person_name": "CRETSKENS Raymond Pierre",
"is_subscriber_only": false,
"n_shares_subscribed": 1,
"amount_subscribed_eur": 1000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 575000,
"subject_company": {
"kbo": "0697.635.480",
"name_full": "WESTVLACRE",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2018-06-04",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Westvlacre |