Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2022; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
Westminster from Oostende, company number BE0405306778, closed financial year 2022 with a result of € 15,437 after tax. For that financial year Westminster recorded a gross margin of € 72,596 and equity of € 11,652. Compared with financial year 2021, the result moved from € -57,987 to € 15,437. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 31, 2023.
€ 11,652
▲ € 15,437 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 15,437
▲ still € 57,987 loss in 2021
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2022. Retained profit grew to € -63,348.
Debts at end 2022
€ 125,317
▼ 1% vs 2021
Loans from banks and other lenders, long and short.
€ 17,092
▲ 6% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 27,166
▲ 8% vs 2021
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 7,149 | € 72,596 | ▲ € 65,447 |
| Profit after taxes | € -57,987 | € 15,437 | ▲ € 73,424 |
| Equity | € -3,785 | € 11,652 | ▲ € 15,437 |
| Total debts | € 1,336,634 | € 1,280,441 | ▼ 4% |
| Land & buildings | € 215,522 | € 208,331 | ▼ 3% |
| Retained profit | € -78,785 | € -63,348 | ▲ € 15,437 |
| Bank debt | € 126,623 | € 125,317 | ▼ 1% |
| Balance sheet total | € 1,332,849 | € 1,292,093 | ▼ 3% |
Key figures of Westminster, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 30 April 2024.
What happened to Westminster?
What happened at Westminster in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Westminster is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: profit of € 15,437. filed late Source: NBB ↗
- New establishment in Oostende. KBO
- Ignace Vanheste became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 57,987 loss in 2021 to € 15,437 profit in 2022.
Best year ever: 2022, with € 15,437 profit.
Management
Behind Westminster is Ignace Vanheste. It owns 100% of Immo Data nv and 48.1% of Ignace Vanheste bv itself.
Directors
According to the 2022 annual accounts
Ignace Vanheste
Director
since 2000
Establishments
Establishment units
Physical locations of this company
Kroonlaan 1 box 3.01
8400 Oostende
Hertstraat 15
8400 Oostende
Active since 6 September 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0405.306.778
- VAT number
- BE 0405.306.778
- Registered office
- Kroonlaan 1 bus 3.01, 8400 Oostende
- Names & denominations
- Westminster
- Enterprise type
- Rechtspersoon
- Legal form
- Commanditaire vennootschap op aandelen
- Legal situation
- Opening faillissement
- Start date
- 1 January 1968
- Peppol
- Not registered
- Contact
- kroonlaan.be