OPENING OF BANKRUPTCY

Westminster

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Financial year 2022 · closed on 30/09/2022

Net result

15,4 k €

+126.6% YoY

Gross margin

72,6 k €

+915.4% YoY

Equity

11,7 k €

+407.9% YoY

Company — Opening of bankruptcy.

What does Westminster do?

Westminster is a Partnership limited by shares incorporated in 1968. Its registered office is in Oostende.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0405.306.778

Incorporation

01/01/1968

Legal form

Partnership limited by shares

Registered office

Kroonlaan 1 box 3.01
8400 Oostende · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

30/09/2022

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2022		2021		2020		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	72,6 k €	+915%	7,1 k €	+132%	-22,2 k €	-190%	24,6 k €	-97.1%	852,1 k €	+567%	127,8 k €	+37.2%	93,2 k €	+44.3%	64,5 k €	-41.4%	110,2 k €	-10.7%	123,4 k €	+4.4%	118,2 k €	+480%	-31,1 k €	-112%	259,4 k €	-82.2%	1,5 M €	+127%	643 k €	-41.9%	1,1 M €
EBITDA	70,3 k €	+25087%	279,1 €	+101%	-25,8 k €	-213%	22,8 k €	+104%	-509,9 k €	-512%	123,8 k €	+41.0%	87,8 k €	+48.7%	59 k €	-43.3%	104,1 k €	-12.2%	118,6 k €	+4.7%	113,3 k €	+253%	-73,8 k €	-130%	244,7 k €	-77.9%	1,1 M €	+3983%	-28,5 k €	-110%	296,4 k €
Operating result	63,1 k €	+1013%	-6,9 k €	+79.1%	-33 k €	-311%	15,6 k €	+103%	-522,4 k €	-2062%	26,6 k €	+383%	-9,4 k €	+75.4%	-38,1 k €	-651%	6,9 k €	-67.7%	21,4 k €	+83.4%	11,7 k €	+107%	-175,3 k €	-173%	238,9 k €	-77.6%	1,1 M €	+600%	-213,1 k €	-583%	44,1 k €
Net result	15,4 k €	+127%	-58 k €	+21.6%	-74 k €	-272%	-19,9 k €	+97.2%	-708,3 k €	-34825%	-2 k €	+95.1%	-41,3 k €	+42.8%	-72,3 k €	-256%	-20,3 k €	+21.2%	-25,7 k €	-356%	10 k €	+116%	-63,6 k €	-127%	236,9 k €	-63.3%	645,9 k €	+331%	-279,1 k €	-1406%	-18,5 k €
Balance sheet
Equity	11,7 k €	+408%	-3,8 k €	-107%	54,2 k €	-57.7%	128,2 k €	-13.4%	148 k €	-82.7%	856,4 k €	-0.2%	858,4 k €	-4.6%	899,7 k €	-7.4%	972 k €	-2.0%	992,3 k €	-2.5%	1 M €	+1.0%	1 M €	-5.9%	1,1 M €	+28.4%	834,7 k €	+342%	188,8 k €	-59.6%	467,9 k €
Total assets	1,3 M €	-3.1%	1,3 M €	-2.5%	1,4 M €	-0.6%	1,4 M €	-1.5%	1,4 M €	-49.0%	2,7 M €	+2.1%	2,7 M €	+4.7%	2,6 M €	-5.4%	2,7 M €	+0.1%	2,7 M €	-5.0%	2,8 M €	-3.7%	3 M €	+61.9%	1,8 M €	-2.4%	1,9 M €	-31.3%	2,7 M €	+17.5%	2,3 M €
Cash	–		–		1,6 €	-92.7%	21,9 €	0.0%	21,9 €	-91.0%	242,4 €	-75.1%	974,3 €	+1030%	86,2 €	+77.2%	48,6 €	-89.9%	484 €	-55.6%	1,1 k €	-92.1%	13,8 k €	+181%	4,9 k €	-79.7%	24,2 k €	+1659%	1,4 k €		–
Debts	1,3 M €	-4.4%	1,3 M €	+1.8%	1,3 M €	+5.3%	1,2 M €	-0.0%	1,2 M €	-28.9%	1,8 M €	+4.4%	1,7 M €	+11.7%	1,5 M €	-3.9%	1,6 M €	+2.3%	1,5 M €	-6.3%	1,6 M €	-6.1%	1,7 M €	+306%	428,1 k €	-40.2%	715,4 k €	-71.8%	2,5 M €	+37.0%	1,9 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		1,7 ETP	-60.5%	4,3 ETP	-86.5%	31,8 ETP	0.0%	31,8 ETP

Governance

Board of directors

Seen on filing of 30/09/2022 · 1 active · 2 ended

Active mandates

Ignace Vanheste

Director · since 26 janvier 2000

Active

Ended mandates

Ignace Vanheste

Manager · since 28 mars 2002

Ended

Ignace Vanheste

Manager · since 26 janvier 2000

Ended

At this address

Other companies at this address

Company	CBE no.
IGNACE VANHESTE● Bankrupt	0885.981.469
Vereniging van Mede-eigenaars Residentie Conscience te Oostende, Kroonlaan 1● Active	0898.269.290

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2016
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2021	01/10/2020	01/10/2019	01/10/2018	01/01/2017	01/01/2016
Closing of the financial year	30/09/2022	30/09/2021	30/09/2020	30/09/2019	30/09/2018	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	21 months	12 months
Filing date	31/05/2023	25/04/2022	11/03/2021	24/07/2020	30/04/2019	28/09/2017
General meeting	25/05/2023	31/03/2022	04/03/2021	17/07/2020	07/03/2019	06/06/2017
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2022	25/05/2023	31/05/2023	Dutch	PDF
Abridged model	30/09/2021	31/03/2022	25/04/2022	Dutch	PDF
Abridged model	30/09/2020	04/03/2021	11/03/2021	Dutch	PDF
Abridged model	30/09/2019	17/07/2020	24/07/2020	Dutch	PDF
Abridged model	30/09/2018	07/03/2019	30/04/2019	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	02/06/2016	16/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	06/06/2013	13/08/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	18/07/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	10/06/2009	Dutch	PDF
Abridged model	31/12/2007	05/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	07/06/2007	10/07/2007	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2022 · 1 active · 2 ended

Active mandates

Ignace Vanheste

Director · since 26 janvier 2000

Active

Ended mandates

Ignace Vanheste

Manager · since 28 mars 2002

Ended

Ignace Vanheste

Manager · since 26 janvier 2000

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares12/10/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates17/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/01/2018
MAATSCHAPPELIJKE ZETEL - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office09/07/2012
MAATSCHAPPELIJKE ZETEL
PDF
Other05/01/2012
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office09/06/2010
MAATSCHAPPELIJKE ZETEL
PDF
Registered office24/11/2008
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2022
Annual accounts 202215,4 k €↑
2021
Annual accounts 2021-58 k €↑
2020
Annual accounts 2020-74 k €↓
2019
Annual accounts 2019-19,9 k €↑
2018
Annual accounts 2018-708,3 k €↓
2016
Annual accounts 2016-2 k €↑
2015
Annual accounts 2015-41,3 k €↑
2014
Annual accounts 2014-72,3 k €↓
2013
Annual accounts 2013-20,3 k €↑
2012
Annual accounts 2012-25,7 k €↓
2011
Annual accounts 201110 k €↑
2010
Annual accounts 2010-63,6 k €↓
2009
Annual accounts 2009236,9 k €↓
2008
Annual accounts 2008645,9 k €↑
2007
Annual accounts 2007-279,1 k €↓
2006
Annual accounts 2006-18,5 k €
01/01/1968
IncorporationPartnership limited by shares

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Westminster

Overview

What does Westminster do?

Trend over 16 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline