Bankrupt · Opening faillissement (CBE)

WESS

BE0671676795

Rechtspersoon Private limited company 3 establishments

WESS is a hotel in Brugge. Private Limited, started on 13 February 2017, 3 establishments.

Jagersstraat 20, 8200 Brugge

Behind the company: Jeroen TIMMERMANS.

Start date

13 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 2 of the last 2 fiscal years.

  • Tight liquidity NBB

    Cash and receivables cover 47 % of short-term debt in 2022; threshold 65 %.

  • Figures corrected NBB

    Corrected annual account filed for 2021.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2022

WESS from Brugge, company number BE0671676795, closed financial year 2022 with a result of € 761 after tax. For that financial year WESS recorded a gross margin of € 615,330 and equity of € -117,851. Compared with financial year 2021, the result moved from € -51,544 to € 761. Profitable, and profit is growing. 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 5, 2023.

What it is worth Caution

€ -117,851

▲ € 761 vs 2021

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

Profit Growing

€ 761

▲ still € 51,544 loss in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 5,030

▼ 63% vs 2021

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

Where the profit goes Growing

Stays in the company

No dividend for 2022. Retained profit grew to € -317,851.

People and assets in 2022

Full-time equivalents

8.3

▼ 0.2 vs 2021

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 392,848

▲ 80% vs 2021

€ 47,300 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.

Vehicles and equipment

€ 1,656

▼ 46% vs 2021

Book value of vehicles, furniture and equipment.

Debts at end 2022

Bank debt

€ 30,000

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 151,352

▲ 43% vs 2021

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

Taxes and wages

€ 81,225

▲ 5% 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 € -351,881 € 615,330 ▲ € 967,211
Profit after taxes € -51,544 € 761 ▲ € 52,306
Equity € -118,612 € -117,851 ▲ € 761
Total debts € 473,113 € 765,304 ▲ 62%
Cash € 13,422 € 5,030 ▼ 63%
Retained profit € -318,612 € -317,851
Bank debt € 30,000 € 30,000
Balance sheet total € 354,501 € 647,453 ▲ 83%
Employees (FTE) 8.5 8.3 ▼ 0.2

Key figures of WESS, 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 WESS?

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

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

  • New annual accounts for financial year 2022: profit of € 761. filed late Source: NBB ↗
  • New establishment in Menen. KBO
  • New establishment in Brugge. KBO
  • New establishment in Blankenberge. KBO
  • Start of the company according to the CBE. KBO

In short

From € 51,544 loss in 2021 to € 761 profit in 2022.

Paid € 7,712 in corporate taxes since 2021.

Best year ever: 2022, with € 761 profit.

On average € 74,100 of value added per employee in 2022.

Management

Jeroen TIMMERMANS
WESS

Behind WESS is Jeroen TIMMERMANS.

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Directors

According to the 2022 annual accounts

Jeroen TIMMERMANS

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Jagersstraat 20

8200 Brugge

2.262.215.885

Koning Leopold III Plein 8

8370 Blankenberge

Active since 21 February 2017

2.292.364.079

Wahisstraat 34/42

8930 Menen

Active since 21 August 2019

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

Details

Company number
0671.676.795
VAT number
BE 0671.676.795
Registered office
Jagersstraat 20, 8200 Brugge
Names & denominations
WESS
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
13 February 2017
Peppol
Not registered
Activities · NACE

Hotels en dergelijke accommodatie

Frequently asked questions

What does WESS do?
WESS is a hotel in Brugge. Private Limited, started on 13 February 2017, 3 establishments.
What is the address of WESS?
The registered office of WESS is located at Jagersstraat 20, 8200 Brugge.
Is WESS still active?
No. The CBE lists WESS 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 WESS registered on Peppol?
No, WESS is currently not registered on the Peppol network.
What is the enterprise number of WESS?
The enterprise number of WESS is BE0671676795.
When was WESS founded?
WESS was founded on 13 February 2017.