WESTHOEK
ActiveSummary
WESTHOEK has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.8m and a net result of €32,913. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 57% of 4565 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-18
Solvency72▼-7
Growth85=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290,000 at 30 days acceptable
Liquidity ample (current ratio 1.88 against 2.18 in 2024; short-term debt: 52.7% and cash: 0.5% of total assets), but 52.7% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.3%
Return on assets
0.3%
Age of the figures
9 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
21 d late
2023
23 d late
2022
29 d late
2021
156 d early
2020
26 d late
2019
55 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€3.4m▼ 18.7%
2022 · €4.1m
EBIT margin
29.0%▲ 4.4pp
2022 · 24.6%
Net result
€32,913▼ 54.3%
2024 · €71,995
Working capital
€4.7m▼ 0.6%
2024 · €4.7m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€5.1m▲ 18.3%€4.1m▼ 19.4%€3.4m▼ 18.7%
Operating result€407,689▲ 3,831%€1.0m▲ 150%€978,221▼ 4.1%€143,916▼ 85.3%€119,253▼ 17.1%
Net result€291,201€764,386▲ 162%€722,472▼ 5.5%€71,995▼ 90.0%€32,913▼ 54.3%
EBIT margin7.9%▲ 7.7pp24.6%▲ 16.7pp29.0%▲ 4.4pp
Equity€3.0m▲ 10.6%€3.9m▲ 29.3%€4.7m▲ 18.4%€4.7m▲ 1.5%€4.8m▲ 0.7%
Total assets€4.5m▼ 21.9%€5.6m▲ 23.1%€6.6m▲ 18.3%€8.8m▲ 33.0%€10.1m▲ 14.4%
Debt€1.5m▼ 51.0%€1.6m▲ 4.4%€1.9m▲ 19.1%€4.0m▲ 113%€5.3m▲ 33.5%
Working capital€3.0m▲ 11.3%€4.0m▲ 33.1%€4.6m▲ 16.6%€4.7m▲ 0.8%€4.7m▼ 0.6%
Staff (FTE)1.3▼ 31.6%1▼ 23.1%1=1=1=
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 17% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.1m
Fixed assets
€107,883 ▼ 23.2%
Current assets
€10.0m ▲ 15.1%
Equity and liabilities €10.1m
Equity
€4.8m ▲ 0.7%
Provisions
€0 ▼ 100%
Debt
€5.3m ▲ 33.5%
Debt's share of the balance-sheet total rises from 45.2% to 52.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€153,791▼
2024 · €171,985
Cash flow
€67,452▼
2024 · €100,064
Current ratio
1.88▼
2024 · 2.18
Quick ratio
0.69▼
2024 · 0.94
Debt to equity
1.12▲
2024 · 0.84
ROE
0.7%▼
2024 · 1.5%
ROA
0.3%▼
2024 · 0.8%
Interest coverage
2.08▼
2024 · 4.11
Debt ≤ 1 year
€5.3m▲
2024 · €4.0m
Income taxes
€24,754▼
2024 · €30,057
Staff costs
€135,127▲
2024 · €124,898
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €4.3m | €3.9m | - | - | - |
| Turnover70 | €5.1m | €4.1m | €3.4m | - | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €73,803 | €338,302 | - | - | - |
| Other operating income74 | - | €94 | €155,223 | - | - | - |
| Non-recurring operating income76A | - | €72,479 | - | - | €93,740 | - |
| Operating charges60/66A | - | €3.3m | €2.9m | - | - | - |
| Services and other goods61 | - | €3.1m | €2.7m | - | - | - |
| Remuneration, social security and pensions62 | - | €117,895 | €127,353 | €124,898 | €135,127 | ▲ 8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,351 | €17,642 | €29,355 | €28,069 | €34,538 | ▲ 23.0% |
| Other operating charges640/8 | - | €3,471 | €3,658 | €1,920 | €1,838 | ▼ 4.2% |
| Gross operating margin9900 | - | - | - | €298,803 | €290,757 | ▼ 2.7% |
| Operating profit (loss)9901 | €407,689 | €1.0m | €978,221 | €143,916 | €119,253 | ▼ 17.1% |
| Financial income75/76B | - | €31,716 | €28,132 | €0 | €12,430 | ▲ 15,537,450% |
| Recurring financial income75 | €16,604 | €2 | €20,420 | €0 | €12,430 | ▲ 15,537,450% |
| Income from financial fixed assets750 | - | - | €20,341 | - | - | - |
| Other financial income752/9 | - | €2 | €79 | - | - | - |
| Non-recurring financial income76B | - | €31,714 | €7,712 | - | - | - |
| Financial charges65/66B | - | €28,562 | €44,471 | €41,864 | €74,015 | ▲ 76.8% |
| Recurring financial charges65 | €32,151 | €28,562 | €23,568 | €41,864 | €74,015 | ▲ 76.8% |
| Debt charges650 | €31,539 | €28,086 | €23,077 | - | - | - |
| Other financial charges652/9 | - | €477 | €491 | - | - | - |
| Non-recurring financial charges66B | - | - | €20,903 | - | - | - |
| Profit (loss) for the period before taxes9903 | €392,143 | €1.0m | €961,883 | €102,052 | €57,668 | ▼ 43.5% |
| Income taxes67/77 | €100,942 | €258,481 | €239,411 | €30,057 | €24,754 | ▼ 17.6% |
| Taxes670/3 | - | €258,481 | €239,411 | - | - | - |
| Tax adjustments and reversals of tax provisions77 | - | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €291,201 | €764,386 | €722,472 | €71,995 | €32,913 | ▼ 54.3% |
| Transfer from tax-exempt reserves789 | - | €176,058 | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | €357,380 | €35,781 | €16,378 | ▼ 54.2% |
| Profit (loss) for the period to be appropriated9905 | €316,643 | €940,445 | €365,092 | €36,215 | €16,535 | ▼ 54.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €5.6m | €6.6m | €8.8m | €10.1m | ▲ 14.4% |
| Fixed assets21/28 | €47,929 | €43,756 | €105,047 | €140,551 | €107,883 | ▼ 23.2% |
| Intangible fixed assets21 | €244 | - | - | - | - | - |
| Tangible fixed assets22/27 | €32,290 | €28,161 | €90,312 | €125,116 | €90,578 | ▼ 27.6% |
| Land and buildings22 | - | €6,956 | €6,242 | - | - | - |
| Plant, machinery and equipment23 | - | €1,866 | €4,081 | €2,073 | €356 | ▼ 82.8% |
| Furniture and vehicles24 | - | €8,054 | €50,140 | €76,105 | €55,513 | ▼ 27.1% |
| Other tangible fixed assets26 | - | €11,285 | €29,849 | €46,939 | €34,710 | ▼ 26.1% |
| Financial fixed assets28 | €15,395 | €15,595 | €14,735 | €15,435 | €17,305 | ▲ 12.1% |
| Other financial fixed assets284/8 | - | €15,595 | €14,735 | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €15,595 | €14,735 | - | - | - |
| Current assets29/58 | €4.5m | €5.6m | €6.5m | €8.7m | €10.0m | ▲ 15.1% |
| Stocks and contracts in progress3 | €259,000 | €4.6m | €4.9m | €4.9m | €6.3m | ▲ 28.0% |
| Stocks30/36 | - | €416,346 | €326,846 | €189,500 | €178,500 | ▼ 5.8% |
| Property held for sale35 | - | €416,346 | €326,846 | - | - | - |
| Contracts in progress37 | - | €4.2m | €4.6m | €4.7m | €6.1m | ▲ 29.4% |
| Amounts receivable within one year40/41 | €375,738 | €925,481 | €1.5m | €3.4m | €3.6m | ▲ 5.5% |
| Trade receivables40 | - | €43,148 | €27,470 | €47,673 | €369,436 | ▲ 675% |
| Other amounts receivable41 | - | €882,334 | €1.5m | €3.4m | €3.3m | ▼ 4.0% |
| Cash at bank and in hand54/58 | €9,478 | €32,487 | €59,817 | €306,926 | €50,634 | ▼ 83.5% |
| Deferred charges and accrued income490/1 | - | €2,342 | €17,438 | €7,745 | €5,033 | ▼ 35.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €5.6m | €6.6m | €8.8m | €10.1m | ▲ 14.4% |
| Equity10/15 | €3.0m | €3.9m | €4.7m | €4.7m | €4.8m | ▲ 0.7% |
| Contributions10/11 | €530,600 | €655,600 | €655,600 | €655,600 | €655,600 | = |
| Capital10 | - | €655,600 | €655,600 | €655,600 | €655,600 | = |
| Issued capital100 | - | €655,600 | €655,600 | €655,600 | €655,600 | = |
| Reserves13 | €1.5m | €1.5m | €1.9m | €1.9m | €2.0m | ▲ 0.8% |
| Non-distributable reserves130/1 | - | €65,560 | €65,560 | €65,560 | €65,560 | = |
| Legal reserve130 | - | €65,560 | €65,560 | €65,560 | €65,560 | = |
| Tax-exempt reserves132 | - | - | €357,380 | €393,160 | €409,538 | ▲ 4.2% |
| Distributable reserves133 | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Profit (loss) carried forward14 | €993,161 | €1.7m | €2.1m | €2.1m | €2.1m | ▲ 0.8% |
| Provisions and deferred taxes16 | - | €93,740 | €93,740 | €93,740 | - | - |
| Provisions for liabilities and charges160/5 | - | €93,740 | €93,740 | €93,740 | - | - |
| Environmental obligations163 | - | €93,740 | €93,740 | €93,740 | - | - |
| Amounts payable17/49 | €1.5m | €1.6m | €1.9m | €4.0m | €5.3m | ▲ 33.5% |
| Amounts payable within one year42/48 | €1.5m | €1.6m | €1.9m | €4.0m | €5.3m | ▲ 33.5% |
| Financial debts43 | - | - | - | - | €175,000 | - |
| Credit institutions430/8 | - | - | - | - | €175,000 | - |
| Trade debts44 | €538,443 | €409,772 | €180,833 | €213,386 | €417,143 | ▲ 95.5% |
| Suppliers440/4 | - | €409,772 | €180,833 | €213,386 | €417,143 | ▲ 95.5% |
| Taxes, remuneration and social security45 | - | €20,267 | €16,042 | €7,504 | €13,698 | ▲ 82.6% |
| Taxes450/3 | - | €8,481 | €8,481 | - | - | - |
| Remuneration and social security454/9 | - | €11,786 | €7,561 | €7,504 | €13,698 | ▲ 82.6% |
| Other amounts payable47/48 | - | €1.1m | €1.7m | €3.8m | €4.7m | ▲ 25.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €291,201 | €764,386 | €722,472 | €71,995 | €32,913 | ▼ 54.3% |
| + Depreciation and write-downs630 | €17,351 | €17,642 | €29,355 | €28,069 | €34,538 | ▲ 23.0% |
| Operating cash flow (approximation) | €308,552 | €782,028 | €751,826 | €100,064 | €67,452 | ▼ 32.6% |
| Investment in fixed assets (approximation) | - | -€13,468 | -€90,646 | -€63,574 | -€1,870 | ▲ 97.1% |
| Change in cash | - | €23,010 | €27,329 | €247,110 | -€256,292 | ▼ 204% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-09
State Gazette act
Reappointments: Mirosaw Klimek, VASTGOED MANAGEMENT EIGENDOMSBEHEER and Marcom7 facts ▸
State Gazette act
Reappointments: Mirosaw Klimek, VASTGOED MANAGEMENT EIGENDOMSBEHEER and Marcom
7 facts ▸
- General meeting, 18-06-2024
- Director reappointment, Mirosaw Klimek (director)
- Director reappointment, VASTGOED MANAGEMENT EIGENDOMSBEHEER (director)
- Director reappointment, Marcom (director)
- Board meeting, 18-06-2024
- Director reappointment, VASTGOED MANAGEMENT EIGENDOMSBEHEER (managing director)
- Director reappointment, Marcom (managing director)
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €764,386 ▲162%
Operating result €1.0m, net result €764,386, both a record.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €291,201
Net result €291,201 after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet -€28,383
Net result drops to -€28,383, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €2mEq €2.7m ▲439%
Equity rises from €510,521 to €2.7m.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 55 days late
Show earlier events
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
under verification
This board is reconstructed from a single act (26362469). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Marcom
CurrentManaging director · Limited partnership · perm. rep.: Bruno Van Marcke
Mirosaw Klimek
CurrentDirector
VASTGOED MANAGEMENT EIGENDOMSBEHEER
CurrentManaging director · Private limited company · perm. rep.: Steven Baerts
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Schoten · 1 establishment unit since 1998
Ground area
4,628 m²
Building footprint
99 m²
Volume, LiDAR
28 m³
Parcel 11442C2018/00D002, Flanders · tallest building 4.6 m. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Zaatstraat 28, 2900 Schoten
since 19982.089.076.330
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11442C2018/00D002 | Flanders | 4,628 m² | 1 · 99 m² | 4.6 m |
Linked by address, not proof of ownership
Good to know
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
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
BELCROWN REALTY
Shared corporate director
→
IMMO PINORENCO
Shared corporate director
→
VASTGOED MANAGEMENT ASSOCIATIE
Shared corporate director
→
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 45 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 45 EUR | 0 EUR |
Similar companies · same sector, comparable size
IMMOTRION
BE 0437.663.109
Gent · Eq €4,751,675
TIBIMMO
BE 0442.076.411
Gent · Eq €4,701,344
PROLOGE MARCHE
BE 0833.100.336
Somme-Leuze · Eq €4,694,693
COGESI
BE 0414.584.730
Namur · Eq €4,692,184
TAXANDRIA
BE 0440.519.362
Kontich · Eq €4,676,488
Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 1,906 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-02-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43350Other building finishing work
68110Buying and selling of own real estate
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.