ACTIVE

WESTCOFAR

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Financial year 2025 · closed on 31/12/2025

Net result

27,3 k €

-5.8% YoY

Gross margin

123,5 k €

+2.9% YoY

Equity

534 k €

+1.4% YoY

What does WESTCOFAR do?

WESTCOFAR is a Public limited company incorporated in 1989. Its main activity is: Market research and public opinion polling. Its registered office is in Aartselaar.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.479.106

Incorporation

11/05/1989

Legal form

Public limited company

Registered office

Boomsesteenweg 153
2630 Aartselaar · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2020		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	123,5 k €	+2.9%	120,1 k €	-6.9%	128,9 k €	+12.4%	114,7 k €	+144%	47,1 k €	+156%	18,4 k €	+1318%	1,3 k €	-95.3%	27,6 k €	-16.3%	32,9 k €	-20.2%	41,3 k €	-23.1%	53,6 k €	+5.7%	50,7 k €	+14.3%	44,4 k €	+31.3%	33,8 k €	-28.1%	47,1 k €	-2.8%	48,4 k €	-40.7%	81,7 k €	+1115%	6,7 k €
EBITDA	113,9 k €	+2.2%	111,5 k €	-7.9%	121 k €	+13.7%	106,5 k €	+162%	40,7 k €	+385%	8,4 k €	-37.5%	13,4 k €	-28.9%	18,9 k €	-52.0%	39,3 k €	+65.0%	23,8 k €	-53.5%	51,2 k €	+6.3%	48,2 k €	+13.2%	42,6 k €	+34.0%	31,8 k €	-28.9%	44,7 k €	-3.8%	46,4 k €	-7.4%	50,2 k €	+225%	-40,3 k €
Operating result	69,5 k €	+2.1%	68,1 k €	-12.6%	77,9 k €	+23.0%	63,3 k €	+337%	14,5 k €	+92.5%	7,5 k €	-32.4%	11,1 k €	+210%	3,6 k €	-84.8%	23,7 k €	+818%	2,6 k €	-66.9%	7,8 k €	+97.1%	4 k €	+392%	-1,4 k €	+88.8%	-12,2 k €	-1694%	762,8 €	-92.8%	10,6 k €	-25.9%	14,3 k €	+119%	-76,5 k €
Net result	27,3 k €	-5.8%	29 k €	-35.0%	44,7 k €	+37.2%	32,6 k €	+479%	5,6 k €	-41.8%	9,7 k €	+120%	4,4 k €	+158%	1,7 k €	-81.4%	9,2 k €	+1071%	782,9 €	-75.4%	3,2 k €	+3976%	-82,2 €	+99.4%	-13,1 k €	+8.3%	-14,3 k €	-55.3%	-9,2 k €	-1276%	782,4 €	-49.5%	1,5 k €	+102%	-62,5 k €
Balance sheet
Equity	534 k €	+1.4%	526,4 k €	+5.8%	497,4 k €	+9.9%	452,8 k €	+7.3%	421,8 k €	+1.0%	417,8 k €	+1.1%	413,1 k €	+1.3%	407,7 k €	+0.4%	406 k €	+2.9%	394,4 k €	+0.2%	393,7 k €	+0.8%	390,5 k €	-0.0%	390,5 k €	-3.2%	403,7 k €	-3.4%	418 k €	-2.2%	427,2 k €	+0.2%	426,4 k €	+0.4%	424,8 k €
Total assets	2,2 M €	-0.1%	2,2 M €	-0.5%	2,2 M €	+1.8%	2,1 M €	+0.9%	2,1 M €	+235%	633,6 k €	+2.6%	617,8 k €	+5.5%	585,4 k €	-14.7%	686,2 k €	+7.2%	639,8 k €	+0.1%	638,9 k €	+8.0%	591,6 k €	-10.2%	659 k €	+0.3%	657 k €	-12.7%	752,8 k €	+10.1%	683,9 k €	-17.5%	828,6 k €	+7.7%	769,3 k €
Cash	11,1 k €	-67.0%	33,6 k €	+691%	4,2 k €	+29.2%	3,3 k €	-86.5%	24,2 k €	+150%	9,7 k €	-77.0%	42,2 k €	+683%	5,4 k €	-40.8%	9,1 k €	+254%	2,6 k €	-24.2%	3,4 k €	+24.4%	2,7 k €	+353%	602,6 €	+36.5%	441,6 €	-81.7%	2,4 k €	+1125%	196,9 €	0.0%	196,9 €	0.0%	196,9 €
Debts	1,6 M €	-0.7%	1,6 M €	-2.4%	1,7 M €	-0.3%	1,7 M €	-0.7%	1,7 M €	+688%	215,8 k €	+5.5%	204,6 k €	+25.4%	163,1 k €	-40.1%	272,2 k €	+19.1%	228,5 k €	-6.0%	243,1 k €	+22.4%	198,6 k €	-25.2%	265,5 k €	+11.4%	238,3 k €	-25.4%	319,4 k €	+31.9%	242,2 k €	-38.0%	390,6 k €	+16.4%	335,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	-28.6%	1,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Hilde MESURE

Director

Active

Johan CASSELMAN

Director

Active

Ended mandates

HILDE MESURE

Director · since 10 septembre 2020

Ended

BELGIAN MARKETING AND CONSULTING GROUP

Director · until 30 septembre 2010 · 0439.880.350

Represented by Johan Casselman

Ended

BELGIAN MARKETING AND CONSULTING GROUP

Director · 0439.880.350

Represented by JOHAN CASSELMAN

Ended

BELGIAN MARKETING AND CONSULTING GROUP

Director · 0439.880.350

Represented by JOHAN CASSELMAN

Ended

At this address

Other companies at this address

Company	CBE no.
Het Zegel● Active	0777.506.765
LIMECAS● Active	0400.820.232

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	01/05/2020
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	8 months
Filing date	30/07/2026	31/07/2025	31/07/2024	28/07/2023	31/07/2022	30/09/2021
General meeting	30/06/2026	30/06/2025	25/05/2024	30/06/2023	28/05/2022	30/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	25/05/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	28/07/2023	Dutch	PDF
Abridged model	31/12/2021	28/05/2022	31/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	30/09/2021	Dutch	PDF
Abridged model	30/04/2020	30/10/2020	31/12/2020	Dutch	PDF
Abridged model	30/04/2018	30/10/2018	02/07/2019	Dutch	PDF
Micro model	30/04/2017	30/10/2017	31/12/2017	Dutch	PDF
Abridged model	30/04/2015	30/09/2015	30/12/2015	Dutch	PDF
Abridged model	30/04/2014	30/09/2014	19/11/2014	Dutch	PDF
Abridged model	30/04/2013	30/09/2013	04/12/2013	Dutch	PDF
Abridged model	30/04/2012	31/10/2012	18/12/2012	Dutch	PDF
Abridged model	30/04/2011	30/09/2011	01/12/2011	Dutch	PDF
Abridged model	30/04/2010	30/09/2010	30/11/2010	Dutch	PDF
Abridged model	30/04/2009	30/09/2009	30/11/2009	Dutch	PDF
Abridged model	30/04/2008	30/10/2008	31/12/2008	Dutch	PDF
Abridged model	30/04/2007	30/10/2007	30/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 active · 9 ended

Active mandates

Hilde MESURE

Director

Active

Johan CASSELMAN

Director

Active

Ended mandates

HILDE MESURE

Director · since 10 septembre 2020

Ended

BELGIAN MARKETING AND CONSULTING GROUP

Director · until 30 septembre 2010 · 0439.880.350

Represented by Johan Casselman

Ended

BELGIAN MARKETING AND CONSULTING GROUP

Director · 0439.880.350

Represented by JOHAN CASSELMAN

Ended

BELGIAN MARKETING AND CONSULTING GROUP

Director · 0439.880.350

Represented by JOHAN CASSELMAN

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/09/2020
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates06/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other28/02/2011
DOEL
PDF
Mandates08/02/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2004
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - 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 202527,3 k €↓
2024
Annual accounts 202429 k €↓
2023
Annual accounts 202344,7 k €↑
2022
Annual accounts 202232,6 k €↑
2021
Annual accounts 20215,6 k €↓
2020
Annual accounts 20209,7 k €↑
2020
Annual accounts 20204,4 k €↑
2018
Annual accounts 20181,7 k €↓
2017
Annual accounts 20179,2 k €↑
2015
Annual accounts 2015782,9 €↓
2014
Annual accounts 20143,2 k €↑
2013
Annual accounts 2013-82,2 €↑
2012
Annual accounts 2012-13,1 k €↑
2011
Annual accounts 2011-14,3 k €↓
2010
Annual accounts 2010-9,2 k €↓
2009
Annual accounts 2009782,4 €↓
2008
Annual accounts 20081,5 k €↑
2007
Annual accounts 2007-62,5 k €
11/05/1989
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

WESTCOFAR

Overview

What does WESTCOFAR 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