ACTIVE

WESTVACO

Financial year 2025 · closed on 31/12/2025
Net result
266,1 k €
+105.2% YoY
Gross margin
500,6 k €
+108.8% YoY
Equity
3 M €
+9.7% YoY

What does WESTVACO do?

WESTVACO is a Private limited company incorporated in 1990. Its registered office is in Grimbergen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0442.284.267
Incorporation
03/10/1990
Legal form
Private limited company
Registered office
Westvaartdijk 73
1850 Grimbergen · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin500,6 k €239,7 k €236,2 k €259,3 k €231,5 k €257,3 k €138,1 k €204 k €147,7 k €255,8 k €305,1 k €182,8 k €263,2 k €254,3 k €249,7 k €260,2 k €274,4 k €209,9 k €187 k €
EBITDA352 k €171,4 k €173,4 k €201,5 k €174,1 k €204,6 k €138,1 k €101,4 k €97,8 k €206,2 k €255,6 k €142,1 k €223,5 k €229,8 k €231,6 k €205,5 k €274,4 k €180,2 k €171,8 k €
Operating result352 k €171,4 k €173,4 k €201,5 k €172,4 k €199,2 k €126,8 k €89,6 k €86 k €194,3 k €243,7 k €129,2 k €209,7 k €215,8 k €183 k €163,7 k €231,3 k €137,2 k €127,1 k €
Net result266,1 k €129,7 k €143,8 k €163,9 k €139,7 k €146,1 k €98,8 k €76,4 k €39,9 k €173,9 k €210,6 k €131,3 k €182 k €185,2 k €161,4 k €104,1 k €214,7 k €102,9 k €57 k €
Balance sheet
Equity3 M €2,7 M €2,6 M €2,5 M €2,3 M €2,2 M €2 M €1,9 M €3,7 M €3,7 M €3,5 M €3,3 M €3,2 M €3 M €2,8 M €2,6 M €2,5 M €2,3 M €2,2 M €
Total assets3 M €2,7 M €3,9 M €3,8 M €3,7 M €3,7 M €3,7 M €3,7 M €3,7 M €3,8 M €3,6 M €3,4 M €3,2 M €3 M €2,9 M €2,7 M €2,6 M €2,6 M €2,7 M €
Cash378,8 k €239 k €166,5 k €156,9 k €167,4 k €106,6 k €135,3 k €181,8 k €62,5 k €12,9 k €179,2 k €71,1 k €32,9 k €65,7 k €22,1 k €12,6 k €18,5 k €17,5 k €
Debts30 k €1,3 M €1,3 M €1,4 M €1,6 M €1,6 M €1,8 M €113,3 k €57,8 k €88,8 k €42,9 k €42,2 k €42,7 k €98,2 k €75,9 k €305,2 k €441,7 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

Claudia ALBERTINI

Director · since 01 janvier 2026 · until 13 mai 2031

Active
Raphaël LHOTE

Director · since 15 janvier 2025

Active
Morgan MALECOTTE

Director · since 30 juin 2024 · until 31 décembre 2025

Active

Ended mandates

Michael Didden

Director · since 30 juin 2024

Ended
Morgan Malecotte

Director · since 30 juin 2024

Ended
Georgette Remy

Director · until 30 juin 2024

Ended
Georgette Remy

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year31/12/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year18 months12 months12 months12 months12 months12 months
Filing date16/06/202619/12/202419/12/202327/01/202328/01/202228/01/2021
General meeting12/05/202610/12/202412/12/202313/12/202214/12/202108/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202512/05/202616/06/2026DutchPDF
Micro model30/06/202410/12/202419/12/2024DutchPDF
Micro model30/06/202312/12/202319/12/2023DutchPDF
Micro model30/06/202213/12/202227/01/2023DutchPDF
Micro model30/06/202114/12/202128/01/2022DutchPDF
Micro model30/06/202008/12/202028/01/2021DutchPDF
Micro model30/06/201910/12/201912/12/2019DutchPDF
Micro model30/06/201811/12/201829/01/2019DutchPDF
Micro model30/06/201712/12/201719/12/2017DutchPDF
Abridged model30/06/201631/12/201606/01/2017DutchPDF
Abridged model30/06/201505/10/201526/10/2015DutchPDF
Abridged model30/06/201428/11/201401/12/2014DutchPDF
Abridged model30/06/201328/11/201329/11/2013DutchPDF
Abridged model30/06/201229/11/201206/12/2012DutchPDF
Abridged model30/06/201124/11/201105/12/2011DutchPDF
Abridged model30/06/201025/11/201029/11/2010DutchPDF
Abridged model30/06/200912/11/200913/11/2009DutchPDF
Abridged model30/06/200828/10/200803/11/2008DutchPDF
Abridged model30/06/200719/09/200724/09/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

Claudia ALBERTINI

Director · since 01 janvier 2026 · until 13 mai 2031

Active
Raphaël LHOTE

Director · since 15 janvier 2025

Active
Morgan MALECOTTE

Director · since 30 juin 2024 · until 31 décembre 2025

Active

Ended mandates

Michael Didden

Director · since 30 juin 2024

Ended
Morgan Malecotte

Director · since 30 juin 2024

Ended
Georgette Remy

Director · until 30 juin 2024

Ended
Georgette Remy

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/02/2025
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates12/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares28/08/2024
    KAPITAAL - AANDELEN
    PDF
  • Mandates17/07/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares18/12/2017
    KAPITAAL - AANDELEN
    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

Timeline

  1. 2025
    Annual accounts 2025266,1 k €
  2. 2024
    Annual accounts 2024129,7 k €
  3. 2023
    Annual accounts 2023143,8 k €
  4. 2022
    Annual accounts 2022163,9 k €
  5. 2021
    Annual accounts 2021139,7 k €
  6. 2020
    Annual accounts 2020146,1 k €
  7. 2019
    Annual accounts 201998,8 k €
  8. 2018
    Annual accounts 201876,4 k €
  9. 2017
    Annual accounts 201739,9 k €
  10. 2016
    Annual accounts 2016173,9 k €
  11. 2015
    Annual accounts 2015210,6 k €
  12. 2014
    Annual accounts 2014131,3 k €
  13. 2013
    Annual accounts 2013182 k €
  14. 2012
    Annual accounts 2012185,2 k €
  15. 2011
    Annual accounts 2011161,4 k €
  16. 2010
    Annual accounts 2010104,1 k €
  17. 2009
    Annual accounts 2009214,7 k €
  18. 2008
    Annual accounts 2008102,9 k €
  19. 2007
    Annual accounts 200757 k €
  20. 03/10/1990
    IncorporationPrivate limited company