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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
WESTEL from Westerlo, company number BE0438967065, closed financial year 2025 with a result of € -665 after tax. For that financial year WESTEL recorded a gross margin of € -265 and equity of € 15,471. Compared with financial year 2024, the result moved from € -2,466 to € -665. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 21, 2026.
€ 15,471
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -665
▲ 73 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -108,476.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -317 | € -2,148 | € -2,072 | € -265 | ▲ € 1,807 |
| Profit after taxes | € -772 | € -2,532 | € -2,466 | € -665 | ▲ € 1,801 |
| Equity | € 21,134 | € 18,602 | € 16,136 | € 15,471 | ▼ 4% |
| Total debts | € 472 | € 2,880 | € 0 | € 0 | |
| Retained profit | € -102,813 | € -105,345 | € -107,811 | € -108,476 | ▼ € 665 |
| Balance sheet total | € 21,606 | € 21,482 | € 16,136 | € 15,471 | ▼ 4% |
Key figures of WESTEL, 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 WESTEL?
What happened at WESTEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 665. filed late Source: NBB ↗
- New establishment in Westerlo. KBO
- Start of the company according to the CBE. KBO
In short
From € 772 loss in 2022 to € 665 loss in 2025.
Management
The stake of KVC WESTERLO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WESTELBehind WESTEL are Wim VAN HOVE and VC WESTERLO VZW. The shares are held by KVC WESTERLO (20%).
Directors
According to the 2025 annual accounts
Managing director · represented by Steven MELIS
Shareholders
20%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
de Merodedreef 189
2260 Westerlo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0438.967.065
- VAT number
- BE 0438.967.065
- Registered office
- de Merodedreef 189, 2260 Westerlo
- Names & denominations
- WESTEL
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 5 September 1989
- Peppol
- Not registered