Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 33.2 to 28.2.
Financials
Financial year 2025
Westvlaams Tegelhuis from Roeselare, company number BE0405546904, closed financial year 2025 with a result of € -344,506 after tax. For that financial year Westvlaams Tegelhuis recorded revenue of € 8.6 million and equity of € 2.3 million. Compared with financial year 2024, the result moved from € -1.2 million to € -344,506. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 16, 2025.
€ 2.3 million
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -344,506
▲ 72 % less loss than in 2024
Profit after tax over the fiscal year.
€ 242,237
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.6 million.
People and assets in 2025
28.2
▼ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▼ 36% vs 2024
€ 76,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 281,128
▼ 29% vs 2024
Of which on lease € 140,864.
Debts at end 2025
€ 4.6 million
▼ 7% vs 2024
€ 368,036 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1.4 million
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 78 days on average.
€ 361,080
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,287,826 | € 11,252,865 | € 15,309,417 | € 8,588,013 | ▼ 44% |
| Profit after taxes | € -283,770 | € 36,703 | € -1,222,834 | € -344,506 | ▲ € 878,327 |
| Equity | € 3,851,441 | € 3,888,144 | € 2,665,310 | € 2,320,804 | ▼ 13% |
| Total debts | € 8,176,984 | € 8,277,252 | € 7,337,573 | € 6,963,575 | ▼ 5% |
| Cash | € 335,554 | € 242,191 | € 269,976 | € 242,237 | ▼ 10% |
| Land & buildings | € 4,351,164 | € 4,315,367 | € 4,211,490 | € 4,142,444 | ▼ 2% |
| Retained profit | € -58,559 | € -21,856 | € -1,244,690 | € -1,589,196 | ▼ € 344,506 |
| Bank debt | € 5,909,102 | € 5,489,194 | € 4,971,833 | € 4,609,730 | ▼ 7% |
| Balance sheet total | € 12,028,425 | € 12,165,396 | € 10,002,883 | € 9,284,379 | ▼ 7% |
| Employees (FTE) | 33.9 | 33.2 | 30.2 | 28.2 | ▼ 2 |
Key figures of Westvlaams Tegelhuis, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Westvlaams Tegelhuis?
What happened at Westvlaams Tegelhuis in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Filip Vankeirsbilck stepped down as director. NBB
- Olivier Vankeirsbilck stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 344,506. Source: NBB ↗
- Filip Vankeirsbilck became a director. NBB
- Olivier Vankeirsbilck became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Roeselare. KBO
In short
From € 283,770 loss in 2021 to € 344,506 loss in 2025.
Paid € 17,617 in corporate taxes since 2021.
Best year ever: 2022, with € 36,703 profit.
Pays suppliers within 78 days on average.
A new publication or filing at Westvlaams Tegelhuis? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 49.9% of WVTH-Project itself.
Directors
According to the 2025 annual accounts
since 2021 · until 2027
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Armoedestraat 15
8800 Roeselare
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
UPCLOUD, FI
Website info
Features
Security
Details
- Company number
- 0405.546.904
- VAT number
- BE 0405.546.904
- Registered office
- Armoedestraat 15, 8800 Roeselare
- Names & denominations
- Westvlaams Tegelhuis
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 June 1953
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
Groothandel in vloer- en wandtegels
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Groothandel in bouwmaterialen, algemeen assortiment
Algemene bouw van residentiële gebouwen
Schrijnwerk
Plaatsen van vloer- en wandtegels
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Schrijnwerk van hout of van kunststof
+2