Financials
Financial year 2026
WESTHOEK MACHINERING COÖPERATIE from Ieper, company number BE0746716292, closed financial year 2026 with a result of € -33,265 after tax. For that financial year WESTHOEK MACHINERING COÖPERATIE recorded a gross margin of € 40,941 and equity of € 105,562. Compared with financial year 2025, the result moved from € 35,815 to € -33,265. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 12, 2026.
€ 105,562
▼ 31% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,265
▼ still € 35,815 profit in 2025
Profit after tax over the fiscal year.
€ 92
▼ 73% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 47,370.
Debts at end 2026
€ 270,204
▼ 23% vs 2025
€ 87,603 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 18,060
▼ 56% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 743
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 88,529 | € 120,684 | € 113,011 | € 40,941 | ▼ 64% |
| Profit after taxes | € 54,106 | € 44,745 | € 35,815 | € -33,265 | ▼ € 69,080 |
| Equity | € 66,067 | € 129,945 | € 152,157 | € 105,562 | ▼ 31% |
| Total debts | € 607,745 | € 444,311 | € 394,690 | € 301,020 | ▼ 24% |
| Cash | € 6,227 | € 153 | € 337 | € 92 | ▼ 73% |
| Retained profit | € 74 | € 44,819 | € 80,635 | € 47,370 | ▼ 41% |
| Bank debt | € 590,327 | € 424,029 | € 350,372 | € 270,204 | ▼ 23% |
| Balance sheet total | € 690,809 | € 598,699 | € 566,848 | € 422,138 | ▼ 26% |
Key figures of WESTHOEK MACHINERING COÖPERATIE, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to WESTHOEK MACHINERING COÖPERATIE?
What happened at WESTHOEK MACHINERING COÖPERATIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 33,265 (▼ € 69,080 vs 2025). Source: NBB ↗
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
- Christof Haghedooren became a director. NBB
- Matthias Haghedooren became a director. NBB
In short
From € 54,106 profit in 2023 to € 33,265 loss in 2026.
Best year ever: 2023, with € 54,106 profit.
Management
Behind WESTHOEK MACHINERING COÖPERATIE are Christof Haghedooren and Matthias Haghedooren.
Directors
According to the 2026 annual accounts
Christof Haghedooren
Director
since 2020
Matthias Haghedooren
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Casselstraat 25
8908 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0746.716.292
- VAT number
- BE 0746.716.292
- Registered office
- Casselstraat 25, 8908 Ieper
- Names & denominations
- WESTHOEK MACHINERING COÖPERATIE · WESTMACO
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 6 May 2020
- Peppol
- Active · Active since 24 Apr 2026
- Activities · NACE
Ondersteunende activiteiten in verband met de teelt van gewassen
Verhuur en lease van landbouwmachines en -werktuigen