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 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WEST FLANDERS TRUST from Kuurne, company number BE0430106017, closed financial year 2025 with a result of € 283,519 after tax. For that financial year WEST FLANDERS TRUST recorded a gross margin of € 584,798 and equity of € 5.5 million. Compared with financial year 2024, the result moved from € 230,730 to € 283,519. 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 January 30, 2026.
€ 5.5 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 283,519
▲ 23% vs 2024
Profit after tax over the fiscal year.
€ 130,579
▼ 76% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 200,000 paid out
71 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 190,532
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 838,889
▼ 17% vs 2024
€ 366,667 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 4,253
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,651
▲ 257% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 399,109 | € 429,451 | € 498,808 | € 584,798 | ▲ 17% |
| Profit after taxes | € 259,058 | € 213,716 | € 230,730 | € 283,519 | ▲ 23% |
| Equity | € 5,369,169 | € 5,432,885 | € 5,463,615 | € 5,547,133 | ▲ 2% |
| Total debts | € 271,257 | € 1,149,404 | € 1,221,017 | € 1,212,261 | ▼ 1% |
| Cash | € 1,172,765 | € 201,830 | € 537,906 | € 130,579 | ▼ 76% |
| Land & buildings | € 2,704,725 | € 4,674,062 | € 4,529,786 | € 4,811,458 | ▲ 6% |
| Retained profit | € 4,352,403 | € 4,416,119 | € 4,446,849 | € 4,530,368 | ▲ 2% |
| Dividend | € 240,000 | € 150,000 | € 200,000 | € 200,000 | |
| Bank debt | € 0 | € 972,222 | € 1,005,556 | € 838,889 | ▼ 17% |
| Balance sheet total | € 5,640,426 | € 6,582,289 | € 6,684,631 | € 6,759,394 | ▲ 1% |
Key figures of WEST FLANDERS TRUST, fiscal years 2022 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 WEST FLANDERS TRUST?
What happened at WEST FLANDERS TRUST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Stefan C Volcke stepped down as director. NBB
- Stephan G. Volcke stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 283,519 (▲ 23% vs 2024). Source: NBB ↗
- Jeff R. Volcke stepped down as director. NBB
- Stefan C Volcke became a director. NBB
- Stephan G. Volcke became a director. NBB
- Jeff R. Volcke became a director. NBB
- New establishment in Kuurne. KBO
In short
From € 259,058 profit in 2022 to € 283,519 profit in 2025.
Paid € 329,236 in corporate taxes since 2022.
Best year ever: 2025, with € 283,519 profit.
Paid out € 790,000 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
Stephan G. Volcke
Director
since 2020 · until 2026
Jeff R. Volcke
Director
since 2019 · until 2025
Stefan C Volcke
Director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Industrielaan 15
8520 Kuurne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Details
- Company number
- 0430.106.017
- VAT number
- BE 0430.106.017
- Registered office
- Industrielaan 15, 8520 Kuurne
- Names & denominations
- WEST FLANDERS TRUST · W.F.T.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 1986
- Peppol
- Active · Active since 2 Dec 2025