What is the address of WESTATE?

The registered office of WESTATE is located at Amelia Earhartlaan 2 box 201, 9051 Gent.

Is WESTATE still active?

Yes. According to the CBE (29 October 2026) WESTATE is active, legal situation “Normale toestand”, started on 1 January 1968.

Is WESTATE registered on Peppol?

Yes, WESTATE is registered on the Peppol network with ID 0208:0405980434.

What is the enterprise number of WESTATE?

The enterprise number of WESTATE is BE0405980434.

When was WESTATE founded?

WESTATE was founded on 1 January 1968.

Who are the directors of WESTATE?

According to the 2025 annual accounts, the directors of WESTATE are: Koenraad Belsack, Tom Van Damme.

Is WESTATE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1968; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did WESTATE make in 2025?

WESTATE recorded a loss after taxes of € 58,978 in financial year 2025.

What is the revenue of WESTATE?

As a small company, WESTATE is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 40,264.

WESTATE (Public Limited) - Gent - BE0405980434

Dossier WESTATE, printed on 29 October 2026 from databakkes.be/en/0405980434/westate. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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.
Tight liquidity NBB

Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

63 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

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 it is worth Growing

€ 6 million

▲ 211% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -58,978

▲ 7 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 40,132

▲ € 39,179 vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 1.3 million.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 2,344

▲ 300% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 49,482 Gross margin 2022: € 49,482 First fiscal year in the series	€ 44,273 Gross margin 2023: € 44,273 ▼ 11% vs 2022 (€ 49,482) Unfavourable step	€ 35,649 Gross margin 2024: € 35,649 ▼ 19% vs 2023 (€ 44,273) Unfavourable step	€ 40,264 Gross margin 2025: € 40,264 ▲ 13% vs 2024 (€ 35,649) Favourable step	▲ 13%
Profit after taxes	€ -54,383 Profit after taxes 2022: € -54,383 First fiscal year in the series	€ -57,106 Profit after taxes 2023: € -57,106 ▼ € 2,723 vs 2022 (€ -54,383) Unfavourable step	€ -63,425 Profit after taxes 2024: € -63,425 ▼ € 6,320 vs 2023 (€ -57,106) Unfavourable step	€ -58,978 Profit after taxes 2025: € -58,978 ▲ € 4,448 vs 2024 (€ -63,425) Favourable step	▲ € 4,448
Equity	€ 2,066,679 Equity 2022: € 2,066,679 First fiscal year in the series	€ 2,009,574 Equity 2023: € 2,009,574 ▼ 3% vs 2022 (€ 2,066,679) Unfavourable step	€ 1,946,148 Equity 2024: € 1,946,148 ▼ 3% vs 2023 (€ 2,009,574) Unfavourable step	€ 6,044,281 Equity 2025: € 6,044,281 ▲ 211% vs 2024 (€ 1,946,148) Favourable step	▲ 211%
Total debts	€ 569,683 Total debts 2022: € 569,683 First fiscal year in the series	€ 374,700 Total debts 2023: € 374,700 ▼ 34% vs 2022 (€ 569,683) Favourable step	€ 313,942 Total debts 2024: € 313,942 ▼ 16% vs 2023 (€ 374,700) Favourable step	€ 320,606 Total debts 2025: € 320,606 ▲ 2% vs 2024 (€ 313,942) Unfavourable step	▲ 2%
Cash	€ 194,240 Cash 2022: € 194,240 First fiscal year in the series	€ 33,644 Cash 2023: € 33,644 ▼ 83% vs 2022 (€ 194,240) Unfavourable step	€ 953 Cash 2024: € 953 ▼ 97% vs 2023 (€ 33,644) Unfavourable step	€ 40,132 Cash 2025: € 40,132 ▲ € 39,179 vs 2024 (€ 953) Favourable step	▲ € 39,179
Land & buildings	€ 2,644,329 Land & buildings 2022: € 2,644,329 First fiscal year in the series	€ 2,535,829 Land & buildings 2023: € 2,535,829 ▼ 4% vs 2022 (€ 2,644,329) Unchanged	€ 2,427,329 Land & buildings 2024: € 2,427,329 ▼ 4% vs 2023 (€ 2,535,829) Unchanged	€ 6,475,940 Land & buildings 2025: € 6,475,940 ▲ 167% vs 2024 (€ 2,427,329) Unchanged	▲ 167%
Retained profit	€ 1,524,679 Retained profit 2022: € 1,524,679 First fiscal year in the series	€ 1,467,574 Retained profit 2023: € 1,467,574 ▼ 4% vs 2022 (€ 1,524,679) Unfavourable step	€ 1,404,148 Retained profit 2024: € 1,404,148 ▼ 4% vs 2023 (€ 1,467,574) Unfavourable step	€ 1,345,171 Retained profit 2025: € 1,345,171 ▼ 4% vs 2024 (€ 1,404,148) Unfavourable step	▼ 4%
Balance sheet total	€ 2,838,569 Balance sheet total 2022: € 2,838,569 First fiscal year in the series	€ 2,569,473 Balance sheet total 2023: € 2,569,473 ▼ 9% vs 2022 (€ 2,838,569) Unchanged	€ 2,428,283 Balance sheet total 2024: € 2,428,283 ▼ 5% vs 2023 (€ 2,569,473) Unchanged	€ 6,516,072 Balance sheet total 2025: € 6,516,072 ▲ 168% vs 2024 (€ 2,428,283) Unchanged	▲ 168%

Key figures of WESTATE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to WESTATE?

What happened at WESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Koenraad Belsack stepped down as director. NBB
2031 Tom Van Damme stepped down as director. NBB
Jul 3, 2026 New annual accounts for financial year 2025: loss of € 58,978. Source: NBB ↗
2018 Koenraad Belsack became a director. NBB
2013 Tom Van Damme became a director. NBB
Jan 1, 1968 Start of the company according to the CBE. KBO
Jun 1, 1947 New establishment in Gent. KBO

In short

From € 54,383 loss in 2022 to € 58,978 loss in 2025.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

Koenraad Belsack

Managing director

Also active at: UPGRADE ESTATE GROUP, TER DOENAERT, HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot, Gandia, Upliving Ghent - Queen, M.G.D. Belgium +45 more

since 2018 · until 2031

Tom Van Damme

Managing director

Also active at: VD SOLUTIONS, VDB Hotels

since 2013 · until 2031

Establishments

Establishment units

Physical locations of this company

Registered office

Amelia Earhartlaan 2 box 201

9051 Gent

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 63 companies are registered at this address.

All companies at this address →

UPGRADE ESTATE GROUP same network

€ 2.7 million gross margin · 2026

Immostal

€ -50,350 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

+58 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

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

View on CBE Public ↗ Annual accounts (NBB) ↗

WESTATE