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 21 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2021.
Financials
Financial year 2025
Westfro from Staden, company number BE0407254696, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year Westfro recorded revenue of € 111.4 million and equity of € 29.5 million. Compared with financial year 2024, the result moved from € -568,175 to € 1.3 million. Profitable, and profit is growing. 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 March 26, 2026.
€ 29.5 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ still € 568,175 loss in 2024
Profit after tax over the fiscal year.
€ 552,377
▲ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 28.4 million.
People and assets in 2025
131.4
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.1 million
▲ 8% vs 2024
€ 61,600 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.
€ 2.7 million
▼ 24% vs 2024
Of which on lease € 2.5 million.
Debts at end 2025
€ 10.8 million
▼ 21% vs 2024
€ 2.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 28.1 million
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 105 days on average.
€ 1.3 million
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 71,716,608 | € 152,144,237 | € 103,828,307 | € 111,416,501 | ▲ 7% |
| Profit after taxes | € -4,633,912 | € -3,853,716 | € -568,175 | € 1,300,295 | ▲ € 1.9 million |
| Equity | € 32,793,794 | € 28,882,453 | € 28,281,349 | € 29,548,715 | ▲ 4% |
| Total debts | € 48,636,698 | € 53,578,076 | € 51,633,387 | € 45,943,059 | ▼ 11% |
| Cash | € 665,882 | € 625,981 | € 298,453 | € 552,377 | ▲ 85% |
| Land & buildings | € 18,013,747 | € 16,549,273 | € 15,450,704 | € 14,745,692 | ▼ 5% |
| Retained profit | € 31,557,437 | € 27,703,722 | € 27,135,547 | € 28,435,841 | ▲ 5% |
| Bank debt | € 24,290,860 | € 16,540,864 | € 13,642,780 | € 10,795,615 | ▼ 21% |
| Balance sheet total | € 81,509,278 | € 82,520,105 | € 79,963,337 | € 75,529,398 | ▼ 6% |
| Employees (FTE) | 132.8 | 135.2 | 131.8 | 131.4 | ▼ 0.4 |
Key figures of Westfro, 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 April 2027.
What happened to Westfro?
What happened at Westfro in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Anhema BV stepped down as director. NBB
- Stagel BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.3 million. Source: NBB ↗
- Anhema BV became a director. NBB
- Stagel BV became a director. NBB
- New establishment in Staden. KBO
- Start of the company according to the CBE. KBO
In short
From € 4.6 million loss in 2021 to € 1.3 million profit in 2025.
Paid € 47,824 in corporate taxes since 2021.
Best year ever: 2025, with € 1.3 million profit.
Pays suppliers within 105 days on average.
Management
The stake of STAGEL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WestfroThe shares are held by STAGEL (50%).
Directors
According to the 2025 annual accounts
Managing director · represented by Hein Dick
Also active at: DICOGEL AGRO, BEHAEGEL LANDBOUW, ROGER & ROGER, Lorenz Belgium, DICOFOODS, STAGEL
since 2022 · until 2028
Managing director · represented by Yves De Vinck
since 2022 · until 2028
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Grote Veldstraat(STA) 114
8840 Staden
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
TELENET-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0407.254.696
- VAT number
- BE 0407.254.696
- Registered office
- Grote Veldstraat(STA) 114, 8840 Staden
- Names & denominations
- Westfro
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 1970
- Peppol
- Active · Active since 12 Aug 2025
- Contact
- westfro.be
- Activities · NACE
Productie van diepgevroren groenten en fruit
Productie van diepgevroren groenten
Verwerking en conservering van fruit
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