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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 419 days after the legal deadline.
Financials
Financial year 2024
WEST INDUSTRY from Maaseik, company number BE0479707164, closed financial year 2024 with a result of € -39,234 after tax. For that financial year WEST INDUSTRY recorded a gross margin of € 127,114 and equity of € -34,580. Compared with financial year 2023, the result moved from € -22,289 to € -39,234. 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 September 23, 2026.
€ -34,580
▼ € 39,234 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -39,234
▼ 76 % more loss than in 2023
Profit after tax over the fiscal year.
€ 656
▼ 88% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -52,280.
People and assets in 2024
€ 96,904
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 63,269
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 139,588
▼ 17% vs 2023
€ 34,945 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 61,452
▲ 73% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 164,925 | € 169,280 | € 132,704 | € 127,114 | ▼ 4% |
| Profit after taxes | € 26,820 | € 31,939 | € -22,289 | € -39,234 | ▼ € 16,945 |
| Equity | € -4,996 | € 26,943 | € 4,655 | € -34,580 | ▼ € 39,234 |
| Total debts | € 266,230 | € 240,660 | € 249,385 | € 249,961 | |
| Cash | € 33,846 | € 15,315 | € 5,358 | € 656 | ▼ 88% |
| Land & buildings | € 136,800 | € 114,000 | € 91,200 | € 68,400 | ▼ 25% |
| Retained profit | € -22,696 | € 9,243 | € -13,045 | € -52,280 | ▼ € 39,234 |
| Bank debt | € 228,647 | € 199,091 | € 167,839 | € 139,588 | ▼ 17% |
| Balance sheet total | € 261,234 | € 267,604 | € 254,040 | € 215,381 | ▼ 15% |
Key figures of WEST INDUSTRY, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to WEST INDUSTRY?
What happened at WEST INDUSTRY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 39,234. filed late Source: NBB ↗
- Annita West became a director. NBB
- Patrick Reweghs became a director. NBB
- New establishment in Maaseik. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,820 profit in 2021 to € 39,234 loss in 2024.
Paid € 20,509 in corporate taxes since 2021.
Best year ever: 2022, with € 31,939 profit.
Management
Behind WEST INDUSTRY are Patrick Reweghs and Annita West.
Directors
According to the 2024 annual accounts
Patrick Reweghs
Director
since 2008
Annita West
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Driebekenweg 12
3680 Maaseik
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.707.164
- VAT number
- BE 0479.707.164
- Registered office
- Driebekenweg 12, 3680 Maaseik
- Names & denominations
- WEST INDUSTRY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 March 2003
- Peppol
- Active · Active since 19 Feb 2026
- Activities · NACE
Industriële reiniging
Overige reiniging van gebouwen; industriële reiniging
Verspanend bewerken van metalen
Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen
Reparatie en onderhoud van machines