Equity
€71.2m ▲ 4.0%
WESTVLEES has made a profit in every financial year since 2006.
WESTVLEES
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €631.0m (2024)
€598.9m▼ 5.1%
peak €12.4m (2015)
€2.9m▼ 11.2%
peak €86.5m (2023)
€71.2m▲ 4.0%
€73.7m▼ 4.5%
peak 1,047 FTE (2017)
911.9 FTE▲ 3.2%
Board11 names since 2017
4 directorsJos CLAEYS and 3 others
Owners2 names in the annual accounts
100%BELGIAN PORK GROUP and 1 other
Documentsfilings and deeds
21-08-202621 days late
2025financial year
1 establishment registeredCash from €345,100 to €1.6m
Key points
from the 2025 annual accountsStaff
963 employees on 31-12-2025
In 2025, 193 people joined and 149 left. On top of that, 59.3 agency workers worked there on average.
Filings
35 annual accounts since 1991
Ten of the last ten came late. The 2019 accounts came latest: 27 days after the end of the period.
Board
1 joined
New director. Latest change 01-07-2026 · 6 in office.
Position in the sector
€71.2m
More equity than 95% of companies in wholesale trade. Sector median €1.6m · 6,123 companies.
Public support
€466,517 awarded from 2022 to 2025
Flemish support, mostly Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel).
Checked score
87
Excellent
Financially stronger than 47% of large companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 133 companies (NACE 46, large).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.2%▼ -0.3 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -0.4 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.26, cash €1.6m
lowers risk
Founded in 1991
Legal form: public limited company
Equity €71.2m (48.9% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, large). It does better than 67% of them on solvency, 39% on liquidity, 48% on profitability and 35% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 513 companies had the same profile as WESTVLEES has now. Each dot stands for 2 companies, two years later.
96.1%
were still trading
3.1%
stopped another way
0.8%
went bankrupt
That fits the bankruptcy probability of WESTVLEES itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 513 companies, not a prediction for WESTVLEES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,150,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.26 (1.22 in 2024), below the usual 1.5. Short-term debt is 50.6% and cash 1.1% of total assets. 51.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
21 days late
2024
13 days late
2023
27 days late
2022
24 days late
2021
18 days late
2020
26 days late
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 1 other
- BELGIAN PORK GROUP 100%score 93equity €100.0m (2025) · 2025 annual accounts of BELGIAN PORK GROUP
Shares in 3 companies, including CARNITRANS and Westvlees (GB) LTD
Board & ownershipRecent changes
Appointment: BV GOLDEN3 (director)
Permanent representative: Quentin CLAEYS · General meeting of 15-06-2026 · Gazette deed
Environmental permit granted
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen, Slopen van niet vrijstaande gebouwen of constructies · Provincie West-Vlaanderen
Environmental permit granted
Bouwen of herbouwen · Provincie West-Vlaanderen
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0442637526
Comparable companies
same main activity, similar in size and ageGrey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as WESTVLEES: wholesale of meat and meat products, excluding game and poultry (NACE 46321). They are comparable in size and age: total assets between €15m and €102m, founded between 1948 and 2004.
Official details
Source: KBO- Status
- Active since 30-01-1991Normal situation
- Activity
- Wholesale of meat and meat products, excluding game and poultryNACE 46321and 3 others
- Joint committees
- 220White-collar workers in the food industry
- 118Food industry · annual accounts 2025
- Establishment units
- 2.051.521.8888840 Staden, since 13-02-1991
- 2.373.419.0618840 Staden, since 01-05-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 29-09-2025
Annual accounts 2025
- €145.6m▼ 0.3%
- Employeeson 31-12-2025
- 963▲ 4.8%
- Filing
- Filed on 21-08-2026
Companies linked to WESTVLEES
Parent and group
Insights on WESTVLEES
WESTVLEES has existed since 1991. Turnover grew from €219.7m in 2006 to €598.9m in 2025.
BELGIAN PORK GROUP holds all the shares. In October 2023, the Official Gazette published the appointment of Jos CLAEYS as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WESTVLEES
- What is the company number of WESTVLEES?
- The company number of WESTVLEES is 0442.637.526. The VAT number is the same number with BE in front: BE 0442.637.526.
- Where is WESTVLEES based?
- The registered office is at Ommegang West 9, 8840 Staden.Company details
- What does WESTVLEES do?
- According to the KBO register, the main activity is wholesale of meat and meat products, excluding game and poultry (NACE 46321).
- What is the legal form of WESTVLEES?
- WESTVLEES is a public limited company (NV).
- When was WESTVLEES founded?
- WESTVLEES was founded on 30-01-1991.
- Is WESTVLEES still active?
- Yes, WESTVLEES is an active enterprise in the KBO register.
- How many employees does WESTVLEES have?
- WESTVLEES had an average of 911.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does WESTVLEES fall under?
- In its 2025 annual accounts, WESTVLEES states joint committees 220 (White-collar workers in the food industry) and 118 (Food industry).
- What is the turnover of WESTVLEES?
- The turnover of WESTVLEES was €598.9m in financial year 2025, according to the filed annual accounts.
- Is WESTVLEES profitable?
- In financial year 2025, WESTVLEES made a profit of €2.9m.
- Where can I find the annual accounts of WESTVLEES?
- WESTVLEES filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WESTVLEES due?
- WESTVLEES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.