Financials
Financial year 2025
GRWestkust from Diksmuide, company number BE0878197418, closed financial year 2025 with a result of € 278,817 after tax. For that financial year GRWestkust recorded a gross margin of € 744,720 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 407,419 to € 278,817. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 1.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 278,817
▼ 32% vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 275,000 paid out
99 % of the profit went to the shareholders, mostly to Ter Ijzer (100 % of the shares). That is where the money ends up.
People and assets in 2025
2.1
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 207,019
€ 98,600 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.
€ 231,166
▼ 21% vs 2024
Of which on lease € 206,565.
Debts at end 2025
€ 801,841
▼ 18% vs 2024
€ 115,734 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 385,372
▲ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 53,107
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 964,863 | € 1,193,942 | € 1,653,449 | € 744,720 | ▼ 55% |
| Profit after taxes | € 300,648 | € 448,488 | € 407,419 | € 278,817 | ▼ 32% |
| Equity | € 1,570,646 | € 1,371,171 | € 1,368,022 | € 1,361,272 | |
| Total debts | € 2,381,051 | € 2,351,213 | € 1,673,250 | € 1,515,320 | ▼ 9% |
| Cash | € 936,122 | € 1,129,053 | € 848,656 | € 1,158,004 | ▲ 36% |
| Land & buildings | € 1,796,959 | € 1,787,151 | € 1,722,488 | € 1,658,503 | ▼ 4% |
| Retained profit | € 181,735 | € 130,223 | € 137,641 | € 141,459 | ▲ 3% |
| Dividend | € 1,785,000 | € 500,000 | € 400,000 | € 275,000 | ▼ 31% |
| Bank debt | € 1,097,066 | € 1,654,332 | € 979,066 | € 801,841 | ▼ 18% |
| Balance sheet total | € 5,007,673 | € 5,023,471 | € 4,847,045 | € 4,459,696 | ▼ 8% |
| Employees (FTE) | 3.6 | 2 | 2.5 | 2.1 | ▼ 0.4 |
Key figures of GRWestkust, 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 GRWestkust?
What happened at GRWestkust in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Aplinka BV stepped down as director. NBB
- Baudewijn Vancoillie stepped down as director. NBB
- Stella BV stepped down as director. NBB
- Lucien Desomer stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 278,817 (▼ 32% vs 2024). Source: NBB ↗
- Aplinka BV became a director. NBB
- Baudewijn Vancoillie became a director. NBB
- Stella BV became a director. NBB
In short
From € 300,648 profit in 2022 to € 278,817 profit in 2025.
Paid € 388,827 in corporate taxes since 2022.
Best year ever: 2023, with € 448,488 profit.
On average € 354,600 of value added per employee in 2025.
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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 stake of Ter Ijzer comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GRWestkustThe shares are held by Ter Ijzer (100%). It owns 11% of Renopipe itself.
Directors
According to the 2025 annual accounts
Director · represented by Heernaert Glenn
Also active at: TERRACORRECT, Bentopur, Spes Bona Renaix
since 2026 · until 2032
since 2026 · until 2032
Managing director · represented by Caset Peter
Also active at: GHENT DREDGING, V.B.I., Theo Coertjens International, ANNA PAULOWNA, Robur Capital, STACHEL, Steenoven Development Fund, Oengerengoeste +16 more
since 2026 · until 2032
since 2026 · until 2032
Shareholders
100%
Participations
11%
Establishments
Establishment units
Physical locations of this company
Cardijnlaan(D) 12
8600 Diksmuide
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0878.197.418
- VAT number
- BE 0878.197.418
- Registered office
- Cardijnlaan(D) 12, 8600 Diksmuide
- Names & denominations
- GRWestkust
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 December 2005
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
Bouwrijp maken van terreinen
Grondverzet
Storten of permanent opslaan
Beheer van stortplaatsen en definitieve opslagplaatsen van afval
Behandeling en verwijdering van gevaarlijk afval