Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 126.4 to 106.9.
Financials
Financial year 2025
Westpole Belgium from Vilvoorde, company number BE0449223727, closed financial year 2025 with a result of € -294,819 after tax. For that financial year Westpole Belgium recorded revenue of € 40.5 million and equity of € -1.4 million. Compared with financial year 2024, the result moved from € -134,802 to € -294,819. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ -1.4 million
▼ € 294,819 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -294,819
▼ 119 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,573
▼ 33% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -11.9 million.
People and assets in 2025
106.9
▼ 6.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 10.4 million
▼ 3% vs 2024
€ 97,000 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.
€ 10,077
▼ 71% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.8 million
▼ 7% vs 2024
Loans from banks and other lenders, long and short.
€ 10.1 million
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 126 days on average.
€ 1.6 million
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 35,889,886 | € 42,325,132 | € 46,712,453 | € 40,525,743 | ▼ 13% |
| Profit after taxes | € -5,449,384 | € -3,436,007 | € -134,802 | € -294,819 | ▼ € 160,016 |
| Equity | € -2,032,506 | € -968,514 | € -1,103,316 | € -1,398,134 | ▼ € 294,819 |
| Total debts | € 22,186,145 | € 27,896,196 | € 23,876,102 | € 22,555,235 | ▼ 6% |
| Cash | € 653 | € 3,913 | € 6,835 | € 4,573 | ▼ 33% |
| Land & buildings | € 1,246,047 | € 1,119,705 | € 998,233 | € 878,347 | ▼ 12% |
| Retained profit | € -7,991,880 | € -11,427,888 | € -11,562,690 | € -11,857,508 | ▼ € 294,819 |
| Bank debt | € 6,047,894 | € 9,104,764 | € 6,267,693 | € 5,842,189 | ▼ 7% |
| Balance sheet total | € 20,178,639 | € 26,939,536 | € 22,829,614 | € 21,334,929 | ▼ 7% |
| Employees (FTE) | 152.2 | 126.4 | 113.2 | 106.9 | ▼ 6.3 |
Key figures of Westpole Belgium, 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 Westpole Belgium?
What happened at Westpole Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- OLIVIER VANGRUNDERBEEK stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 294,819. Source: NBB ↗
- STEPHANE CONRARD stepped down as director. NBB
- ALAIN CONRARD stepped down as director. NBB
- OLIVIER VANGRUNDERBEEK became a director. NBB
- JEROME MARSAC stepped down as director. NBB
- JEROME MARSAC became a director. NBB
- STEPHANE CONRARD became a director. NBB
In short
From € 5.4 million loss in 2022 to € 294,819 loss in 2025.
Paid € 94,701 in corporate taxes since 2022.
Pays suppliers within 126 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by PLAHOMA THIRTEEN AG (100%).
Directors
According to the 2025 annual accounts
OLIVIER VANGRUNDERBEEK
Managing director
since 2026 · until 2028
STEPHANE CONRARD
Managing director
since 2023 · until 2026
ALAIN CONRARD
Director
since 2023 · until 2026
JEROME MARSAC
Director
since 2024 · until 2026
Shareholders
PLAHOMA THIRTEEN AG
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mechelsesteenweg 542
1800 Vilvoorde
Rue Emile Francqui 1
1435 Mont-Saint-Guibert
Active since 26 August 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0449.223.727
- VAT number
- BE 0449.223.727
- Registered office
- Mechelsesteenweg 542, 1800 Vilvoorde
- Names & denominations
- Westpole Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1992
- Peppol
- Active · Active since 12 Dec 2025
- Activities · NACE
Activiteiten van holdings
Financiële holdings
Groothandel in informatie- en communicatieapparatuur
Holdings
Groothandel in computers, randapparatuur en software
Overige diensten op het gebied van informatietechnologie en computer
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Computerconsultancy-activiteiten