ACTIVE

WESTFIN

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Financial year 2025 · closed on 31/12/2025

Net result

262,4 k €

+343.2% YoY

Gross margin

827,5 k €

+91.5% YoY

Equity

354,2 k €

-6.7% YoY

Workforce

5,3 ETP

+15.2% YoY

What does WESTFIN do?

WESTFIN is a Public limited company incorporated in 1987. Its main activity is: Other activities auxiliary to financial services, except insurance and pension funding. Its registered office is in Veurne. It employs on average 5,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.970.406

Incorporation

23/03/1987

Legal form

Public limited company

Registered office

Statiestraat 5
8630 Veurne · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

5,3 ETP

Activities (NACE)

66191Other activities auxiliary to financial services, except insurance and pension funding· main 66191Other activities auxiliary to financial services, except insurance and pension funding

Joint committees (2)

218
34100

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	827,5 k €	+91.5%	432,2 k €	+2.6%	421,4 k €	+31.1%	321,5 k €	+17.6%	273,3 k €	-26.5%	371,7 k €	+24.5%	298,5 k €	+32.0%	226,1 k €	-8.8%	247,9 k €	-20.0%	310,1 k €	+12.6%	275,4 k €	-17.9%	335,3 k €	+21.9%	275 k €	-27.7%	380,4 k €	-7.4%	410,7 k €	+16.5%	352,5 k €	+74.9%	201,5 k €	-14.9%	236,8 k €
EBITDA	291,6 k €	+172%	107,4 k €	-33.3%	160,9 k €	+50.1%	107,2 k €	+98.6%	54 k €	-63.4%	147,6 k €	+79.6%	82,2 k €	+11198%	-740,5 €	-103%	25,5 k €	-70.6%	86,6 k €	+91.4%	45,2 k €	-52.5%	95,3 k €	+337%	21,8 k €	-83.4%	131,7 k €	-15.0%	154,9 k €	-6.6%	165,9 k €	+150%	66,4 k €	-40.2%	111,1 k €
Operating result	264 k €	+206%	86,2 k €	-42.4%	149,5 k €	+64.4%	91 k €	+170%	33,7 k €	-72.5%	122,4 k €	+217%	38,7 k €	+186%	-44,9 k €	-501%	-7,5 k €	-112%	60,5 k €	+315%	14,6 k €	-77.6%	65,2 k €	+380%	-23,3 k €	-129%	80,1 k €	-14.1%	93,2 k €	-1.3%	94,5 k €	+3397%	-2,9 k €	-106%	49,9 k €
Net result	262,4 k €	+343%	59,2 k €	-48.5%	115 k €	+75.1%	65,7 k €	+262%	18,1 k €	-77.7%	81,3 k €	+125%	36,2 k €	+188%	-41,2 k €	-864%	-4,3 k €	-111%	40,5 k €	+47.5%	27,4 k €	-59.9%	68,4 k €	+373%	-25,1 k €	-134%	73,2 k €	+9.9%	66,7 k €	+3.0%	64,7 k €	+642%	-11,9 k €	-142%	28,2 k €
Balance sheet
Equity	354,2 k €	-6.7%	379,9 k €	+18.5%	320,7 k €	-35.7%	498,9 k €	+15.2%	433,3 k €	+33.4%	324,8 k €	-43.8%	577,4 k €	+6.7%	541,2 k €	-7.1%	582,4 k €	-0.7%	586,7 k €	+7.4%	546,2 k €	-1.7%	555,9 k €	+14.0%	487,5 k €	-4.9%	512,5 k €	+16.7%	439,3 k €	+17.9%	372,7 k €	+21.0%	307,9 k €	-3.7%	319,9 k €
Total assets	1,7 M €	+261%	479,6 k €	+23.4%	388,7 k €	-29.0%	547,2 k €	+7.9%	507,2 k €	+10.6%	458,7 k €	-28.2%	639,1 k €	+0.9%	633,2 k €	-2.4%	649 k €	-4.0%	676,1 k €	+8.9%	621 k €	+4.1%	596,5 k €	+9.0%	547,4 k €	-6.7%	586,8 k €	+13.7%	515,9 k €	+4.3%	494,9 k €	+1.4%	488,3 k €	-9.6%	540,1 k €
Cash	317,3 k €	+139%	132,7 k €	+185%	46,6 k €	-62.1%	123 k €	+54.7%	79,5 k €	-69.6%	261,4 k €	+107%	126,3 k €	-18.8%	155,6 k €	-31.8%	228,3 k €	-24.4%	302 k €	-19.0%	372,7 k €	+161%	142,9 k €	+0.8%	141,9 k €	-10.8%	159 k €	+25.2%	127 k €	+12.8%	112,6 k €	+191%	38,7 k €	+278%	10,2 k €
Debts	1,4 M €	+1280%	99,8 k €	+46.7%	68 k €	+41.0%	48,2 k €	-34.8%	73,9 k €	-44.8%	133,9 k €	+118%	61,4 k €	-33.2%	92 k €	+38.1%	66,6 k €	-21.0%	84,4 k €	+13.3%	74,5 k €	+83.6%	40,6 k €	-32.3%	60 k €	-19.2%	74,2 k €	-2.1%	75,8 k €	-36.7%	119,8 k €	-32.8%	178,3 k €	-19.0%	220,2 k €
Other
Workforce	5,3 ETP	+15.2%	4,6 ETP	+21.1%	3,8 ETP	-5.0%	4,0 ETP	-16.7%	4,8 ETP	0.0%	4,8 ETP	+6.7%	4,5 ETP	+2.3%	4,4 ETP	-2.2%	4,5 ETP	0.0%	4,5 ETP	+9.8%	4,1 ETP	-6.8%	4,4 ETP	-17.0%	5,3 ETP	0.0%	5,3 ETP	0.0%	5,3 ETP	+26.2%	4,2 ETP	+40.0%	3,0 ETP	0.0%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

AMAC

Director · since 30 juin 2025 · 0524.682.304

Represented by Bruno Ampe

Active

Elima Consulting

Director · since 30 juin 2025 · 0562.847.547

Represented by Davy De Clerck

Active

VEURNE INVEST

Director · since 30 juin 2025 · 0730.895.295

Represented by Marie Dekervel

Active

Ended mandates

Dries Luyssen

Director · since 01 août 2019 · until 27 juin 2025

Ended

Marie Dekervel

Managing director · since 01 août 2019 · until 27 juin 2025

Ended

Dries Luyssen

Director · since 01 septembre 2018 · until 25 juin 2021

Ended

Katrijn DEKERVEL

Director · since 30 septembre 2015 · until 31 mars 2016

Ended

At this address

Other companies at this address

Company	CBE no.
FURNADVIES● Active	1025.068.284
Groep Furnadvies● Active	1031.306.770
VEURNE INVEST● Active	0730.895.295

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	01/01/2025	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	28/08/2026	15/05/2025	28/06/2024	31/07/2023	31/08/2022	30/08/2021
General meeting	10/08/2026	30/04/2025	28/06/2024	30/06/2023	22/08/2022	10/08/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/08/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/04/2025	15/05/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	22/08/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	10/08/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	17/07/2020	12/08/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	15/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	11/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	23/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	29/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2025 · 3 active · 15 ended

Active mandates

AMAC

Director · since 30 juin 2025 · 0524.682.304

Represented by Bruno Ampe

Active

Elima Consulting

Director · since 30 juin 2025 · 0562.847.547

Represented by Davy De Clerck

Active

VEURNE INVEST

Director · since 30 juin 2025 · 0730.895.295

Represented by Marie Dekervel

Active

Ended mandates

Dries Luyssen

Director · since 01 août 2019 · until 27 juin 2025

Ended

Marie Dekervel

Managing director · since 01 août 2019 · until 27 juin 2025

Ended

Dries Luyssen

Director · since 01 septembre 2018 · until 25 juin 2021

Ended

Katrijn DEKERVEL

Director · since 30 septembre 2015 · until 31 mars 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/07/2025
BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/05/2018
KAPITAAL - AANDELEN
PDF
Mandates21/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/01/2014
KAPITAAL - AANDELEN - 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 2025262,4 k €↑
2025
Name changeWESTFIN
2024
Annual accounts 202459,2 k €↓
2023
Annual accounts 2023115 k €↑
2022
Annual accounts 202265,7 k €↑
2021
Annual accounts 202118,1 k €↓
2021
Name changeDumoulin & Co
2018
Annual accounts 201881,3 k €↑
2017
Annual accounts 201736,2 k €↑
2016
Annual accounts 2016-41,2 k €↓
2015
Annual accounts 2015-4,3 k €↓
2014
Annual accounts 201440,5 k €↑
2013
Annual accounts 201327,4 k €↓
2012
Annual accounts 201268,4 k €↑
2011
Annual accounts 2011-25,1 k €↓
2010
Annual accounts 201073,2 k €↑
2009
Annual accounts 200966,7 k €↑
2008
Annual accounts 200864,7 k €↑
2007
Annual accounts 2007-11,9 k €↓
2006
Annual accounts 200628,2 k €
2006
Name changeDUMOULIN & C°
23/03/1987
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

WESTFIN

Overview

What does WESTFIN do?

Trend over 18 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