WESTSIDE
ActiveSummary
WESTSIDE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21k and a net result of €8k. Equity is growing by ~45.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▼-1
Solvency51▲+16
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 1.57 against 1.18 in 2023; short-term debt: 45% and cash: 30.8% of total assets), but 74% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
Sector 47
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
26%
Return on assets
10.1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
122 d late
2023
120 d late
2022
66 d late
2021
354 d late
2020
719 d late
2019
1084 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€21k▲ 63.5%
2023 · €13k
2019: €33k
2020: €-16k
2021: €-47k
2022: €4k
2023: €13k
2019 → 2024
Total assets
€81k▼ 36.7%
2023 · €128k
2019: €42k
2020: €47k
2021: €27k
2022: €22k
2023: €128k
2019 → 2024
Net result
€8k▼ 39.2%
2023 · €13k
2019: €30k
2020: €-49k
2021: €-32k
2022: €52k
2023: €13k
2019 → 2024
Working capital
€21k▲ 43.9%
2023 · €14k
2019: €40k
2020: €-11k
2021: €-42k
2022: €9k
2023: €14k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-16k-€-47k▼ 202%€4k€13k▲ 191%€21k▲ 63.5%
Operating result€-48k-€-25k▲ 46.9%€55k€18k▼ 67.9%€16k▼ 6.3%
Net result€-49k-€-32k▲ 35.6%€52k€13k▼ 74.0%€8k▼ 39.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 6% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €81k
Fixed assets
€24k ▼ 24.2%
Current assets
€57k ▼ 40.7%
Equity and liabilities €81k
Equity
€21k ▲ 63.5%
Debt
€60k ▼ 47.9%
Debt's share of the balance-sheet total falls from 89.9% to 74.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2023 · €25k
Cash flow
€16k▼
2023 · €21k
Current ratio
1.57▲
2023 · 1.18
Quick ratio
1.26▲
2023 · 0.99
Debt to equity
2.85▼
2023 · 8.94
ROE
38.8%▼
2023 · 104.5%
ROA
10.1%▼
2023 · 10.5%
Interest coverage
49.18▲
2023 · 25.77
Debt ≤ 1 year
€37k▼
2023 · €82k
Debt > 1 year
€24k▼
2023 · €33k
Income taxes
€8k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€128k€81k▼
Fixed assets21/28€31k€24k▼
Tangible fixed assets22/27€30k€23k▼
Furniture and vehicles24€30k€23k▼
Financial fixed assets28€1k€1k=
Current assets29/58€97k€57k▼
Stocks and contracts in progress3€15k€11k▼
Stocks30/36€15k€11k▼
Amounts receivable within one year40/41€61k€21k▼
Trade receivables40€53k€21k▼
Other amounts receivable41€8k€16▼
Cash at bank and in hand54/58€20k€25k▲
Equity and liabilities
Total equity and liabilities10/49€128k€81k▼
Equity10/15€13k€21k▲
Contributions10/11€6k€6k=
Reserves13€2k€15k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€13k
Profit (loss) carried forward14€5k-
Amounts payable17/49€115k€60k▼
Amounts payable after more than one year17€33k€24k▼
Financial debts170/4€33k€24k▼
Amounts payable within one year42/48€82k€37k▼
Trade debts44€74k€22k▼
Suppliers440/4€74k€22k▼
Taxes, remuneration and social security45€2k€629▼
Taxes450/3€2k€629▼
Other amounts payable47/48€6k€14k▲
Income statement
Code20232024
Non-recurring operating income76A€8k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€4k€2k▼
Gross operating margin9900€29k€26k▼
Operating profit (loss)9901€18k€16k▼
Financial income75/76B€13€1▼
Recurring financial income75€13€1▼
Financial charges65/66B€975€488▼
Recurring financial charges65€975€488▼
Profit (loss) for the period before taxes9903€17k€16k▼
Income taxes67/77€3k€8k▲
Profit (loss) for the period9904€13k€8k▼
Profit (loss) for the period to be appropriated9905€13k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€13k▲
Profit (loss) brought forward from the previous period14P€-4k€5k▲
Transfer to equity691/2-€13k
To other reserves6921-€13k
Profit to be distributed694/7€5k-
Directors or managers695€5k-
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
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 122 days late
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 120 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 354 days late
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 719 days late
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1084 days late
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1429 days late
2022
31-12
Financial
Back to profitnet €52k
Net result €52k after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 1.81
Current ratio from 0.38 to 1.81; short-term debt falls from €68k to €12k.
2020
31-12
Financial
Weakest financial yearnet €-49k ▼265%
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Oostende · 2 establishment units since 2007
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.
Prof. Jozef Vercoulliestraat 308400 OostendeGround area
343 m²
Building footprint
335 m²
Volume, LiDAR
2,194 m³
2 parcels, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Westside
since 20072.163.838.089
Westside
since 20072.179.575.251
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0436/00V000 | Flanders | 175 m² | 1 · 175 m² | 11.2 m · 2 fl. |
| 35384A0112/00N008 | Flanders | 168 m² | 1 · 160 m² | 11.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesOostende2.163.838.089
Oostende2.179.575.251
Similar companies · same sector, comparable size
GS SAREEN
BE 0640.739.735
Sint-Pieters-Leeuw · Eq €21,090
PACHIOT
BE 0888.355.395
Brussel · Eq €21,098
AK ONE
BE 0817.295.076
Waterloo · Eq €21,019
ARMAAN
BE 0798.243.682
Antwerpen · Eq €21,113
HASIB TALASH
BE 0786.832.425
Schaarbeek · Eq €21,008
Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 4,187 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47252Retail sale of beverages, general range
47260Retail trade
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.