Financials
Financial year 2025
Worth noting
- A loss two years in a row.
- Little cash and receivables against the short-term debts.
Gross margin
€ 40,264
▲ 13% vs 2024
Profit
Caution€ -58,978
▲ 7% vs 2024
Debts
Low€ 320,606
▲ 2% vs 2024
WESTATE from Gent, company number BE0405980434, closed financial year 2025 with a result of € -58,978 after tax. For that financial year WESTATE recorded a gross margin of € 40,264 and equity of € 6 million. Compared with financial year 2024, the result moved from € -63,425 to € -58,978. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
What happened at WESTATE?
What happened at WESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Koenraad Belsack stepped down as director. NBB
- Tom Van Damme stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 58,978. Source: NBB ↗
- Koenraad Belsack became a director. NBB
- Tom Van Damme became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Gent. KBO
In short
From € 62,835 loss in 2021 to € 58,978 loss in 2025.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
News about who you follow, reason included.
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Management
Directors
According to the 2025 annual accounts
Koenraad Belsack
Managing director
Also active at: UPGRADE ESTATE GROUP, TER DOENAERT, HOTEL SAINT - SAUVEUR +50 more
since 2018 · until 2031
since 2013 · until 2031
Establishments
Establishment units
Physical locations of this company
Amelia Earhartlaan 2 box 201
9051 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 62 companies are registered at this address.
UPGRADE ESTATE GROUP same network
€ 3 million gross margin · 2025
Timi UpKot same network
€ 643,357 gross margin · 2025
10 Upkot same network
€ 289,659 gross margin · 2025
Gandia same network
€ 43,171 gross margin · 2025
Upliving Ghent - Queen same network
€ 323,989 gross margin · 2025
+57 more
Details
- Company number
- 0405.980.434
- VAT number
- BE 0405.980.434
- Registered office
- Amelia Earhartlaan 2 bus 201, 9051 Gent
- Names & denominations
- WESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 22 May 2025