Bankrupt · Opening faillissement (CBE)

New Westside

BE0670917821

Rechtspersoon Private limited company 1 establishment

New Westside is a bar in Antwerpen. Private Limited, started on 9 February 2017, 1 establishment.

Waterhoenlaan 11, 2050 Antwerpen

Behind the company: VINCENT EUGENE.

Start date

9 February 2017

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 1 of the last 2 fiscal years.

  • Tight liquidity NBB

    Cash and receivables cover 26 % of short-term debt in 2022; threshold 65 %.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2022

New Westside from Antwerpen, company number BE0670917821, closed financial year 2022 with a result of € -106,005 after tax. For that financial year New Westside recorded a gross margin of € 43,552 and equity of € -75,708. Compared with financial year 2021, the result moved from € 23,886 to € -106,005. 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 October 17, 2023.

What it is worth Caution

€ -75,708

▼ € 106,005 vs 2021

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -106,005

▼ still € 23,886 profit in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 2,735

▼ 93% vs 2021

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -94,308.

People and assets in 2022

Full-time equivalents estimate

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Wage cost

€ 105,911

▲ 194% vs 2021

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 10,213

▼ 37% vs 2021

Book value of vehicles, furniture and equipment.

Debts at end 2022

Bank debt

€ 10,513

▼ 74% vs 2021

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 39,276

▲ € 32,874 vs 2021

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 51,225

▲ 284% vs 2021

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
20212022Change 2021 → 2022
Gross margin € 83,596 € 43,552 ▼ 48%
Profit after taxes € 23,886 € -106,005 ▼ € 129,892
Equity € 30,297 € -75,708 ▼ € 106,005
Total debts € 106,121 € 155,788 ▲ 47%
Cash € 40,849 € 2,735 ▼ 93%
Retained profit € 11,697 € -94,308 ▼ € 106,005
Bank debt € 41,118 € 10,513 ▼ 74%
Balance sheet total € 136,418 € 80,080 ▼ 41%

Key figures of New Westside, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.

What happened to New Westside?

What happened at New Westside in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

New Westside is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2022: loss of € 106,005 (▼ € 129,892 vs 2021). filed late Source: NBB ↗
  • New establishment in Antwerpen. KBO
  • Start of the company according to the CBE. KBO

In short

From € 23,886 profit in 2021 to € 106,005 loss in 2022.

Paid € 202 in corporate taxes since 2021.

Best year ever: 2021, with € 23,886 profit.

Management

VINCENT EUGENE
New Westside

Behind New Westside is VINCENT EUGENE. VINCENT EUGENE is also behind FEESTZAAL DE DEKEN and Vinjo.

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Directors

According to the 2022 annual accounts

VINCENT EUGENE

Director

Also active at: FEESTZAAL DE DEKEN, Vinjo

Establishments

Establishment units

Physical locations of this company

Registered office

Waterhoenlaan 11

2050 Antwerpen

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0670.917.821
VAT number
BE 0670.917.821
Registered office
Waterhoenlaan 11, 2050 Antwerpen
Names & denominations
New Westside
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
9 February 2017
Peppol
Not registered
Activities · NACE

Cafés en bars

Activiteiten van eetgelegenheden met volledige bediening

Eetgelegenheden met volledige bediening

Frequently asked questions

What does New Westside do?
New Westside is a bar in Antwerpen. Private Limited, started on 9 February 2017, 1 establishment.
What is the address of New Westside?
The registered office of New Westside is located at Waterhoenlaan 11, 2050 Antwerpen.
Is New Westside still active?
No. The CBE lists New Westside with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is New Westside registered on Peppol?
No, New Westside is currently not registered on the Peppol network.
What is the enterprise number of New Westside?
The enterprise number of New Westside is BE0670917821.
When was New Westside founded?
New Westside was founded on 9 February 2017.