WEST INGELEC
ActiveWEST INGELEC has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €3k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 18% of 7684 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
68
/ 100
Healthy▲ +46 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-14
Solvency27▼-17
Growth52▲+20
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 0.97 in 2024), and 82.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 7684 sector peers (2025).
NBB · sector comparisonPosition among 7684 sector peers
Solvency
better than 18%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
36 d early
2023
35 d early
2022
26 d early
2021
31 d early
2020
17 d early
2019
15 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€15k
2024 · €-195
2018: €8k
2019: €8k
2020: €8k
2021: €7k
2022: €8k
2023: €8k
2024: €-195
2018 → 2025
Total assets
€85k▲ 212%
2024 · €27k
2018: €63k
2019: €49k
2020: €48k
2021: €36k
2022: €46k
2023: €51k
2024: €27k
2018 → 2025
Net result
€3k
2024 · €-8k
2018: €38k
2019: €18k
2020: €31k
2021: €-713
2022: €2k
2023: €1k
2024: €-8k
2018 → 2025
Working capital
€14k
2024 · €-795
2018: €7k
2019: €7k
2020: €7k
2021: €7k
2022: €7k
2023: €7k
2024: €-795
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7k-€8k▲ 9.7%€8k=€-195€15k
Operating result€-1k-€3k€2k▼ 26.3%€-8k€2k
Net result€-713-€2k€1k▼ 42.2%€-8k€3k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85k
Fixed assets
€600=
Current assets
€85k▲ 217%
Equity and liabilities €85k
Equity
€15k
Debt
€71k
Debt finances 82.8% of the balance-sheet total.
Key figures and ratios
Solvency
17.2%▲
2024 · -0.7%
Current ratio
1.20▲
2024 · 0.97
Quick ratio
1.20▲
2024 · 0.97
Debt / equity
4.81
ROE
17.1%
ROA
2.9%▲
2024 · -30.1%
Debt
€71k▲
2024 · €28k
Debt ≤ 1 year
€71k▲
2024 · €28k
Income taxes
€223▲
2024 · €0
Staff costs
€250k▲
2024 · €137k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€27k€85k▲
Fixed assets21/28€600€600=
Financial fixed assets28€600€600=
Current assets29/58€27k€85k▲
Amounts receivable within one year40/41€11k€50k▲
Trade receivables40€10k€39k▲
Other amounts receivable41€1k€11k▲
Cash at bank and in hand54/58€16k€35k▲
Equity and liabilities
Total equity and liabilities10/49€27k€85k▲
Equity10/15€-195€15k▲
Contributions10/11€6k€19k▲
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-8k€-6k▲
Amounts payable17/49€28k€71k▲
Amounts payable within one year42/48€28k€71k▲
Trade debts44€257€31k▲
Suppliers440/4€257€31k▲
Taxes, remuneration and social security45€26k€40k▲
Taxes450/3€260€2k▲
Remuneration and social security454/9€26k€38k▲
Other amounts payable47/48€1k€191▼
Income statement
Code20242025
Remuneration, social security and pensions62€137k€250k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€9k
Other operating charges640/8€2k€469▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€130k€263k▲
Operating profit (loss)9901€-8k€2k▲
Financial income75/76B€154€616▲
Recurring financial income75€154€616▲
Financial charges65/66B€285€255▼
Recurring financial charges65€285€255▼
Profit (loss) for the period before taxes9903€-8k€3k▲
Income taxes67/77€0€223▲
Profit (loss) for the period9904€-8k€3k▲
Profit (loss) for the period to be appropriated9905€-8k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-6k▲
Profit (loss) brought forward from the previous period14P-€-8k
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90872.24.1▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-08
State Gazette act
Resignations & appointmentsBoard meeting · Director appointment · Permanent representative11 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director appointment · Permanent representative11 facts ▸
- Board meeting, 08/07/2026
- Director appointment, Leapfrogs CommV (persoon belast met het dagelijks bestuur)
- Director appointment, Jumicon BV (persoon belast met het dagelijks bestuur)
- Permanent representative, Peter van Praet
- Permanent representative, Francis Delabie
- Mandate compensation, Leapfrogs CommV
- Mandate compensation, Jumicon BV
- Power of attorney, Leapfrogs CommV
- Power of attorney, Jumicon BV
- Mandate term, zolang benoemd als persoon belast met dagelijks bestuur
- Mandate term, zolang benoemd als persoon belast met dagelijks bestuur
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-8k ▼780%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Jumicon
CurrentPersoon belast met het dagelijks bestuur · since 06-07-2026 · Private limited company · perm. rep.: Francis Delabie
Leapfrogs
CurrentPersoon belast met het dagelijks bestuur · since 06-07-2026 · Limited partnership · perm. rep.: Peter van Praet
06-07-2026
Jumicon: Appointed as Persoon belast met het dagelijks bestuur
06-07-2026
Leapfrogs: Appointed as Persoon belast met het dagelijks bestuur
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grote Heerweg 678791 WaregemGround area
1.3 ha
Building footprint
6,684 m²
Volume, LiDAR
54,883 m³
Parcel 34006A0016/00Y006, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WEST INGELEC
since 20172.259.595.994
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0016/00Y006 | Flanders | 1.3 ha | 1 · 6,684 m² | 12.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Connections & network
6 connected companiesNetwork connections
Shared corporate director
→
Shared corporate director
→
Shared corporate director
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Shared corporate director
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Show 2 more network connections
Shared corporate director
→
Shared corporate director
→
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GEOTEX
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 6,483 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2016
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@ingelec.be
Phone:0476/086600