ACTIVE

West Decor

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Financial year 2025 · closed on 31/03/2025

Net result

1 M €

+15.4% YoY

Gross margin

2,1 M €

+1.9% YoY

Equity

4,8 M €

+26.9% YoY

Workforce

12,6 ETP

-13.7% YoY

What does West Decor do?

West Decor is a Public limited company incorporated in 1967. Its main activity is: Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Its registered office is in Deerlijk. It employs on average 12,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.382.004

Incorporation

05/10/1967

Legal form

Public limited company

Registered office

Ter Donkt 40
8540 Deerlijk · FlandreSee on map

Contributed capital

187 138,06 €

Latest accounts

31/03/2025

Average workforce

12,6 ETP

Activities (NACE)

25510Forging, pressing, stamping and roll-forming of metal; powder metallurgy· main 25610Treatment and coating of metals 28510Manufacture of machinery and equipment n.e.c.32990Other manufacturing n.e.c.32990Other manufacturing n.e.c.36630Water collection, treatment and supply+6

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	2,1 M €	+1.9%	2,1 M €	-14.0%	2,4 M €	+39.4%	1,7 M €	-24.2%	2,3 M €	+35.3%	1,7 M €	-3.7%	1,8 M €	+2.1%	1,7 M €	+5.1%	1,6 M €	+8.7%	1,5 M €	+22.3%	1,2 M €	+20.4%	1 M €	-12.4%	1,2 M €	+8.8%	1,1 M €	+1.8%	1,1 M €	-0.6%	1,1 M €	+17.0%	904,8 k €	+16.4%	777,1 k €	+1.0%	769 k €
EBITDA	1,4 M €	+3.6%	1,3 M €	-18.0%	1,6 M €	+53.1%	1 M €	-34.1%	1,6 M €	+54.3%	1 M €	-9.4%	1,1 M €	+17.1%	969,6 k €	+9.1%	889,1 k €	+20.3%	739,2 k €	+55.8%	474,4 k €	+23.8%	383,2 k €	-37.1%	609,5 k €	+14.3%	533,2 k €	+19.8%	445,2 k €	-7.1%	479 k €	+37.5%	348,3 k €	+12.2%	310,4 k €	-6.6%	332,5 k €
Operating result	1,2 M €	+1.6%	1,2 M €	-20.7%	1,5 M €	+64.8%	898,2 k €	-37.5%	1,4 M €	+71.0%	839,9 k €	-14.3%	980,4 k €	+18.9%	824,4 k €	+11.0%	742,4 k €	+22.5%	605,9 k €	+76.4%	343,5 k €	+57.1%	218,6 k €	-44.3%	392,7 k €	+8.5%	362 k €	+41.9%	255,1 k €	+0.4%	254 k €	+43.7%	176,8 k €	+24.4%	142,1 k €	-19.1%	175,7 k €
Net result	1 M €	+15.4%	880,3 k €	-20.9%	1,1 M €	+65.9%	670,5 k €	-37.8%	1,1 M €	+82.4%	591,3 k €	-14.8%	693,6 k €	+29.4%	535,9 k €	+10.4%	485,5 k €	+62.5%	298,8 k €	-7.8%	324,1 k €	+259%	90,2 k €	-51.3%	185,2 k €	-25.1%	247,4 k €	+83.5%	134,8 k €	+2.7%	131,3 k €	-64.1%	365,5 k €	+315%	88,1 k €	+5.9%	83,2 k €
Balance sheet
Equity	4,8 M €	+26.9%	3,8 M €	+30.4%	2,9 M €	+62.3%	1,8 M €	-56.6%	4,1 M €	+31.2%	3,1 M €	-11.5%	3,5 M €	+24.3%	2,9 M €	+23.1%	2,3 M €	+26.5%	1,8 M €	+19.5%	1,5 M €	+26.8%	1,2 M €	-42.5%	2,1 M €	+9.7%	1,9 M €	+14.9%	1,7 M €	+8.8%	1,5 M €	+9.4%	1,4 M €	+35.3%	1 M €	+9.3%	946,1 k €
Total assets	5,5 M €	+22.3%	4,5 M €	+10.9%	4,1 M €	+57.5%	2,6 M €	-47.1%	4,9 M €	+22.7%	4 M €	-8.5%	4,3 M €	+20.8%	3,6 M €	+7.4%	3,3 M €	+32.8%	2,5 M €	-1.5%	2,6 M €	+14.4%	2,2 M €	-36.0%	3,5 M €	+11.5%	3,1 M €	+2.1%	3,1 M €	+3.7%	3 M €	+16.6%	2,5 M €	+19.0%	2,1 M €	+17.0%	1,8 M €
Cash	704,4 k €	+4.8%	672 k €	-48.4%	1,3 M €	+276%	346,2 k €	-85.7%	2,4 M €	+72.9%	1,4 M €	-24.6%	1,9 M €	+48.0%	1,3 M €	+21.8%	1 M €	+102%	510,8 k €	-0.7%	514,4 k €	+75.4%	293,2 k €	-39.7%	486 k €	-37.6%	779 k €	+25.7%	619,8 k €	-16.7%	743,7 k €	-14.3%	867,6 k €	+45.4%	596,7 k €	+66.4%	358,6 k €
Debts	719,7 k €	-1.4%	730,2 k €	-37.4%	1,2 M €	+46.7%	794,5 k €	+4.6%	759,5 k €	-9.1%	835,9 k €	+4.8%	797,8 k €	+7.3%	743,8 k €	-27.9%	1 M €	+49.4%	690,3 k €	-32.8%	1 M €	-0.3%	1 M €	-22.8%	1,3 M €	+16.1%	1,1 M €	-13.0%	1,3 M €	-0.1%	1,3 M €	+29.6%	1 M €	-6.0%	1,1 M €	+27.1%	854,7 k €
Other
Workforce	12,6 ETP	-13.7%	14,6 ETP	0.0%	14,6 ETP	-1.4%	14,8 ETP	+2.8%	14,4 ETP	-1.4%	14,6 ETP	+8.1%	13,5 ETP		–		–		16,8 ETP	-3.4%	17,4 ETP	+11.5%	15,6 ETP	+13.0%	13,8 ETP	+6800%	0,2 ETP	-98.6%	14,5 ETP	-1.4%	14,7 ETP	+2.8%	14,3 ETP	+7.5%	13,3 ETP	+4.7%	12,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 3 active · 24 ended

Active mandates

ARAXAL

Director · since 05 octobre 1967 · 0548.976.646

Represented by Lannoye Lieven

Active

Arneau Lannoye

Director · since 05 octobre 1967

Active

LIANAX

Director · since 05 octobre 1967 · 0455.905.740

Represented by Desmet Ann

Active

Ended mandates

ARAXAL

Managing director · since 01 février 2022 · until 30 septembre 2028 · 0548.976.646

Represented by Lieven Lannoye

Ended

Arneau Lannoye

Director · since 01 février 2022 · until 30 septembre 2028

Ended

LIANAX

Managing director · since 01 février 2022 · until 30 septembre 2028 · 0455.905.740

Represented by Ann Desmet

Ended

ARAXAL

Director · since 29 octobre 2020 · until 30 septembre 2026 · 0548.976.646

Represented by Lieven Lannoye

Ended

At this address

Other companies at this address

Company	CBE no.
GROEP LANNOYE DESMET● Active	0552.737.474
LIANAR● Active	0549.997.027

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/10/2025	31/10/2024	29/11/2023	14/11/2022	09/11/2021	16/11/2020
General meeting	30/09/2025	24/09/2024	26/09/2023	03/11/2022	05/11/2021	29/10/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	30/09/2025	31/10/2025	Dutch	PDF
Abridged model	31/03/2024	24/09/2024	31/10/2024	Dutch	PDF
Abridged model	31/03/2023	26/09/2023	29/11/2023	Dutch	PDF
Abridged model	31/03/2022	03/11/2022	14/11/2022	Dutch	PDF
Abridged model	31/03/2021	05/11/2021	09/11/2021	Dutch	PDF
Abridged model	31/03/2020	29/10/2020	16/11/2020	Dutch	PDF
Abridged model	31/03/2019	29/10/2019	12/11/2019	Dutch	PDF
Abridged model	31/03/2018	30/10/2018	05/11/2018	Dutch	PDF
Abridged model	31/03/2017	27/11/2017	30/11/2017	Dutch	PDF
Abridged model	31/03/2016	27/10/2016	07/11/2016	Dutch	PDF
Abridged model	31/03/2015	29/09/2015	05/10/2015	Dutch	PDF
Abridged model	31/03/2014	30/09/2014	06/10/2014	Dutch	PDF
Abridged model	31/03/2013	29/10/2013	04/11/2013	Dutch	PDF
Abridged model	31/03/2012	26/11/2012	30/11/2012	Dutch	PDF
Abridged model	31/03/2011	29/11/2011	30/11/2011	Dutch	PDF
Abridged model	31/03/2010	23/11/2010	29/11/2010	Dutch	PDF
Abridged model	31/03/2009	03/11/2009	09/11/2009	Dutch	PDF
Abridged model	31/03/2008	25/11/2008	28/11/2008	Dutch	PDF
Abridged model	31/03/2007	21/11/2007	26/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

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 31/03/2025 · 3 active · 24 ended

Active mandates

ARAXAL

Director · since 05 octobre 1967 · 0548.976.646

Represented by Lannoye Lieven

Active

Arneau Lannoye

Director · since 05 octobre 1967

Active

LIANAX

Director · since 05 octobre 1967 · 0455.905.740

Represented by Desmet Ann

Active

Ended mandates

ARAXAL

Managing director · since 01 février 2022 · until 30 septembre 2028 · 0548.976.646

Represented by Lieven Lannoye

Ended

Arneau Lannoye

Director · since 01 février 2022 · until 30 septembre 2028

Ended

LIANAX

Managing director · since 01 février 2022 · until 30 septembre 2028 · 0455.905.740

Represented by Ann Desmet

Ended

ARAXAL

Director · since 29 octobre 2020 · until 30 septembre 2026 · 0548.976.646

Represented by Lieven Lannoye

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/02/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares28/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Restructuring25/09/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office28/08/2009
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/01/2009
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2025
Annual accounts 20251 M €↑
2024
Annual accounts 2024880,3 k €↓
2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022670,5 k €↓
2021
Annual accounts 20211,1 M €↑
2020
Annual accounts 2020591,3 k €↓
2019
Annual accounts 2019693,6 k €↑
2018
Annual accounts 2018535,9 k €↑
2017
Annual accounts 2017485,5 k €↑
2016
Annual accounts 2016298,8 k €↓
2015
Annual accounts 2015324,1 k €↑
2014
Annual accounts 201490,2 k €↓
2013
Annual accounts 2013185,2 k €↓
2012
Annual accounts 2012247,4 k €↑
2011
Annual accounts 2011134,8 k €↑
2010
Annual accounts 2010131,3 k €↓
2009
Annual accounts 2009365,5 k €↑
2008
Annual accounts 200888,1 k €↑
2007
Annual accounts 200783,2 k €
05/10/1967
IncorporationPublic limited company

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

West Decor

Overview

What does West Decor do?

Trend over 19 financial years

Indicative valuation

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