Westkade is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €91k and a net result of €11k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 27% of 6156 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
19 d late
2022
31 d late
2021
106 d late
2020
31 d late
2019
98 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€91k▲ 14.5%
2023 · €79k
2018: €28k
2019: €39k
2020: €49k
2021: €60k
2022: €71k
2023: €79k
2018 → 2024
Net result
€11k▲ 41.3%
2023 · €8k
2018: €16k
2019: €10k
2020: €10k
2021: €11k
2022: €11k
2023: €8k
2018 → 2024
Total assets
€333k▲ 0.9%
2023 · €330k
2018: €324k
2019: €331k
2020: €324k
2021: €336k
2022: €335k
2023: €330k
2018 → 2024
Solvency
27.3%▲ 3.2pp
2023 · 24.0%
2018: 8.8%
2019: 11.7%
2020: 15.2%
2021: 17.9%
2022: 21.2%
2023: 24.0%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€49k-€60k▲ 22.0%€71k▲ 18.4%€79k▲ 11.4%€91k▲ 14.5%
Operating result€17k-€17k▲ 2.2%€17k▲ 0.8%€13k▼ 21.8%€17k▲ 29.3%
Net result€10k-€11k▲ 5.0%€11k▲ 2.2%€8k▼ 26.6%€11k▲ 41.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 29% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €333k
Fixed assets
€300k=
Current assets
€33k▲ 9.6%
Equity and liabilities €333k
Equity
€91k▲ 14.5%
Debt
€242k▼ 3.4%
The debt ratio falls from 76.0% to 72.7%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
27.3%▲
2023 · 24.0%
ROE
12.7%▲
2023 · 10.3%
ROA
3.5%▲
2023 · 2.5%
Debt
€242k▼
2023 · €251k
Debt ≤ 1 year
€22k▲
2023 · €20k
Debt > 1 year
€219k▼
2023 · €230k
Income taxes
€3k▲
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€330k€333k▲
Fixed assets21/28€300k€300k=
Financial fixed assets28€300k€300k=
Current assets29/58€30k€33k▲
Amounts receivable within one year40/41€705€4k▲
Other amounts receivable41€705€4k▲
Cash at bank and in hand54/58€29k€28k▼
Equity and liabilities
Total equity and liabilities10/49€330k€333k▲
Equity10/15€79k€91k▲
Contributions10/11€12k€12k=
Reserves13€67k€78k▲
Distributable reserves133€67k€78k▲
Amounts payable17/49€251k€242k▼
Amounts payable after more than one year17€230k€219k▼
Financial debts170/4€230k€219k▼
Amounts payable within one year42/48€20k€22k▲
Current portion of amounts payable after more than one year42€10k€11k▲
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Other amounts payable47/48€1k€5k▲
Accrued charges and deferred income492/3€205€223▲
Income statement
Code20232024
Other operating charges640/8€1k€805▼
Gross operating margin9900€14k€18k▲
Operating profit (loss)9901€13k€17k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€10k€14k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€8k€11k▲
Profit (loss) for the period to be appropriated9905€8k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€11k▲
Transfer to equity691/2€8k€11k▲
To other reserves6921€8k€11k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
31-12
Financial
Weakest financial yearnet €8k ▼26.6%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 106 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 98 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Destelbergen · 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.
Bredenakkerstraat 499070 DestelbergenGround area
172 m²
Building footprint
78 m²
Volume, LiDAR
476 m³
Parcel 44013A0060/00E002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Westkade
since 20172.263.189.845
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013A0060/00E002 | Flanders | 172 m² | 1 · 78 m² | 9.8 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.
Similar companies · same sector, comparable size
MLN Construct
BE 0805.219.863
Tienen · Eq €91k
JOMANO SERVICES
BE 0438.362.992
Lede · Eq €91k
ELIGO
BE 0825.285.403
Lommel · Eq €91k
DOMIFIEL
BE 0598.834.844
Gent · Eq €91k
LOAD-IT
BE 1005.098.261
Wortegem-Petegem · Eq €91k
Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 12,081 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2017
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.