ACTIVE

Westland

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Financial year 2025 · Closed on 31/12/2025

Net result524,4 k €+227,9 %over 1 year

Gross margin1,9 M €+48,2 %over 1 year

Equity2,6 M €+9,5 %over 1 year

Workforce17,6 ETP-2,8 %over 1 year

Identity

Source · BCE/KBO

Westland is a Public limited company incorporated in 1977. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Lo-Reninge. It employs on average 17,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0417.713.375
Incorporation: 01/07/1977
Legal form: Public limited company
Registered office: Tempelare(Ren) 9
8647 Lo-Reninge · FlandreSee on map
Contributed capital: 375 000,00 €
Latest accounts: 31/12/2025
Average workforce: 17,6 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,9 M €	+48.2%	1,3 M €	-27.9%	1,8 M €	+11.9%	1,6 M €	-5.1%	1,7 M €
EBITDA	866,1 k €	+164%	327,9 k €	-55.0%	728,1 k €	+79.1%	406,6 k €	-17.3%	491,5 k €
Operating result	718,3 k €	+268%	195,1 k €	-65.2%	560,9 k €	+171%	207,3 k €	-33.8%	313,4 k €
Net result	524,4 k €	+228%	159,9 k €	-60.0%	399,8 k €	+160%	153,9 k €	-27.0%	210,8 k €
Balance sheet
Equity	2,6 M €	+9.5%	2,4 M €	-5.6%	2,5 M €	+9.6%	2,3 M €	+7.0%	2,1 M €
Total assets	3,9 M €	+1.8%	3,9 M €	-1.6%	3,9 M €	-7.1%	4,2 M €	+9.8%	3,8 M €
Cash	521 k €	-55.2%	1,2 M €	+56.3%	744,9 k €	+696%	93,6 k €	-63.6%	256,9 k €
Debts	1,2 M €	-11.0%	1,4 M €	+4.9%	1,3 M €	-29.5%	1,9 M €	+14.3%	1,6 M €
Other
Workforce	17,6 ETP	-2.8%	18,1 ETP	-11.3%	20,4 ETP	-13.2%	23,5 ETP	-6.7%	25,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 23 ended

Active mandates

KAREL LOUWAGIE

Managing director · since 18 décembre 2023 · until 18 décembre 2029

Active

Ended mandates

KAREL LOUWAGIE

Managing director · since 16 juin 2020 · until 16 juin 2026

Ended

SOPHIE LODEWYCKX

Director · since 16 juin 2020 · until 18 décembre 2023

Ended

SOPHIE LODEWYCKX

Director · since 16 juin 2020 · until 16 juin 2026

Ended

KAREL LOUWAGIE

Managing director · since 16 mai 2020 · until 16 mai 2026

Ended

Other companies at this address

Tempelare(Ren) 9 8647 Lo-Reninge

Company	CBE no.
Immolouvan● Active	0417.713.078
LOUWAGIE INVEST● Active	0473.579.140

Full financial information

Source · NBB

	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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/08/2026	25/08/2025	11/08/2024	23/08/2023	13/07/2022	24/08/2021
General meeting	30/06/2026	27/06/2025	18/05/2024	20/05/2023	21/05/2022	15/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/08/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	25/08/2025	Dutch	PDF
Abridged model	31/12/2023	18/05/2024	11/08/2024	Dutch	PDF
Abridged model	31/12/2022	20/05/2023	23/08/2023	Dutch	PDF
Abridged model	31/12/2021	21/05/2022	13/07/2022	Dutch	PDF
Abridged model	31/12/2020	15/05/2021	24/08/2021	Dutch	PDF
Abridged model	31/12/2019	16/05/2020	27/10/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	26/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	24/09/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	20/05/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	25/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	13/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	19/05/2007	26/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 23 ended

Active mandates

KAREL LOUWAGIE

Managing director · since 18 décembre 2023 · until 18 décembre 2029

Active

Ended mandates

KAREL LOUWAGIE

Managing director · since 16 juin 2020 · until 16 juin 2026

Ended

SOPHIE LODEWYCKX

Director · since 16 juin 2020 · until 18 décembre 2023

Ended

SOPHIE LODEWYCKX

Director · since 16 juin 2020 · until 16 juin 2026

Ended

KAREL LOUWAGIE

Managing director · since 16 mai 2020 · until 16 mai 2026

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates31/01/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/03/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/04/2009
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/09/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/09/2002
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025524,4 k €↑
2024
Annual accounts 2024159,9 k €↓
2023
Annual accounts 2023399,8 k €↑
2022
Annual accounts 2022153,9 k €↓
2021
Annual accounts 2021210,8 k €↑
2020
Annual accounts 202044,8 k €↑
2019
Annual accounts 201933,9 k €↓
2018
Annual accounts 201851,1 k €↓
2017
Annual accounts 201753,9 k €↓
2016
Annual accounts 201662 k €↓
2015
Annual accounts 2015108,2 k €↓
2014
Annual accounts 2014131,4 k €↑
2013
Annual accounts 201374,6 k €↓
2012
Annual accounts 2012113,7 k €↑
2011
Annual accounts 201157,5 k €↓
2010
Annual accounts 2010103 k €↓
2009
Annual accounts 2009139,6 k €↑
2008
Annual accounts 200852,7 k €↓
2007
Annual accounts 200766,1 k €↑
2006
Annual accounts 200613,2 k €
01/07/1977
IncorporationPublic limited company

Westland

Overview

Identity

Financials

Valuation

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

Timeline