ACTIVE

WEST BUILDING

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Financial year 2025 · closed on 31/12/2025

Net result

-51,6 k €

-130.1% YoY

Gross margin

-27,7 k €

-111.4% YoY

Equity

409,2 k €

-11.2% YoY

What does WEST BUILDING do?

WEST BUILDING is a Private limited company incorporated in 1998. Its main activity is: Development of building projects. Its registered office is in Middelkerke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.323.765

Incorporation

08/05/1998

Legal form

Private limited company

Registered office

Zeedijk 63
8430 Middelkerke · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-27,7 k €	-111%	241,8 k €	+4.2%	232,2 k €	+352%	51,4 k €	-62.4%	136,6 k €	+101%	68 k €	-34.1%	103,2 k €	+259%	28,7 k €	+1438%	-2,1 k €	+92.5%	-28,6 k €	-146%	62,3 k €	-82.6%	357,2 k €	+1161%	28,3 k €	-63.0%	76,5 k €	+126%	33,8 k €	-32.4%	50 k €	+942%	4,8 k €	-84.1%	30,2 k €	-18.1%	36,8 k €	+864%	-4,8 k €
EBITDA	-31,2 k €	-113%	238,2 k €	+20.8%	197,2 k €	+318%	47,2 k €	-64.8%	134,2 k €	+109%	64,1 k €	-37.0%	101,7 k €	+427%	19,3 k €	+252%	-12,7 k €	+57.5%	-29,9 k €	-150%	59,9 k €	-83.1%	355,3 k €	+1196%	27,4 k €	-63.7%	75,4 k €	+130%	32,8 k €	-33.2%	49,1 k €	+2651%	-1,9 k €	-112%	16,7 k €	-52.7%	35,4 k €	+632%	-6,6 k €
Operating result	-31,2 k €	-114%	228,7 k €	+21.9%	187,7 k €	+398%	37,7 k €	-69.8%	124,7 k €	+128%	54,6 k €	-40.8%	92,2 k €	+843%	9,8 k €	+144%	-22,2 k €	+43.6%	-39,4 k €	-178%	50,4 k €	-85.4%	345,8 k €	+1833%	17,9 k €	-72.8%	65,9 k €	+184%	23,2 k €	-41.2%	39,5 k €	+446%	-11,4 k €	-259%	7,2 k €	-72.1%	25,9 k €	+260%	-16,2 k €
Net result	-51,6 k €	-130%	171,6 k €	+42.1%	120,7 k €	+910%	12 k €	-82.0%	66,4 k €	+145%	27,1 k €	-52.7%	57,2 k €	+409%	-18,5 k €	+13.6%	-21,4 k €	+41.2%	-36,4 k €	-194%	38,8 k €	-87.7%	314,7 k €	+18561%	1,7 k €	-96.8%	52,4 k €	+433%	9,8 k €	-60.9%	25,2 k €	+176%	-33,1 k €	-191%	-11,4 k €	-290%	6 k €	+121%	-28,9 k €
Balance sheet
Equity	409,2 k €	-11.2%	460,8 k €	+59.3%	289,2 k €	+71.7%	168,4 k €	+7.6%	156,5 k €	+73.7%	90,1 k €	+42.9%	63 k €	+970%	5,9 k €	-75.8%	24,4 k €	-46.7%	45,8 k €	-44.3%	82,2 k €	+89.3%	43,4 k €	+51.4%	28,7 k €	+6.2%	27 k €	+206%	-25,4 k €	+27.9%	-35,3 k €	+41.7%	-60,4 k €	-121%	-27,4 k €	-71.2%	-16 k €	+27.3%	-22 k €
Total assets	536,2 k €	-11.4%	605,2 k €	+14.7%	527,4 k €	-9.2%	580,8 k €	+1.8%	570,6 k €	-56.7%	1,3 M €	+77.8%	741,2 k €	+131%	321,3 k €	+113%	150,5 k €	+7.1%	140,6 k €	-78.3%	648,9 k €	-6.5%	694,1 k €	+35.6%	511,7 k €	+13.3%	451,4 k €	+80.9%	249,6 k €	+12.3%	222,2 k €	-9.8%	246,4 k €	-6.0%	262,2 k €	-1.2%	265,5 k €	-8.9%	291,4 k €
Cash	57,2 k €	+211%	18,4 k €	-91.9%	225,8 k €	+7027%	3,2 k €	-98.4%	192,7 k €	+164%	72,9 k €	+32.1%	55,2 k €	+473%	9,6 k €	+786%	1,1 k €	-71.6%	3,8 k €	+246%	1,1 k €	-98.7%	85,6 k €	-40.1%	142,9 k €	+336%	32,8 k €	+181%	11,6 k €	-23.2%	15,2 k €	-30.9%	21,9 k €	+48902%	44,8 €	-99.1%	4,8 k €	-32.2%	7,1 k €
Debts	118,3 k €	-16.1%	141 k €	-37.3%	224,8 k €	-41.3%	382,8 k €	-2.1%	391,1 k €	-67.8%	1,2 M €	+82.1%	666,2 k €	+113%	313,2 k €	+148%	126,2 k €	+33.0%	94,8 k €	-83.3%	566,7 k €	-12.9%	650,7 k €	+34.7%	483 k €	+13.8%	424,4 k €	+54.3%	275 k €	+6.8%	257,5 k €	-16.1%	306,8 k €	+6.0%	289,5 k €	+2.9%	281,5 k €	-10.2%	313,4 k €

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 · 2 active · 10 ended

Active mandates

DK INVEST

Director · 0452.965.947

Represented by Danny Serlippens

Active

MDCD

Director · 0890.939.951

Represented by Charles Depoorter

Active

Ended mandates

DK INVEST

Director · since 08 décembre 2023 · 0452.965.947

Represented by Danny Serlippens

Ended

MDCD

Director · since 08 décembre 2023 · 0890.939.951

Represented by Charles Depoorter

Ended

DK Invest

Manager · since 15 mars 2014 · 0504.924.986

Represented by Danny Serlippens

Ended

MDCD

Manager · since 15 mars 2014 · 0890.939.951

Represented by Charles Depoorter

Ended

At this address

Other companies at this address

Company	CBE no.
AGENCE DEPOORTER● Active	0423.908.014
AMARE● Active	0713.490.032
BEDA● Active	0443.010.678
BOCARENT● Active	0442.354.147
CHARLES DEPOORTER CONSTRUCT● Active	0873.152.824
CHARLES DEPOORTER INVEST● Active	0427.558.281
DECO CONSTRUCT● Active	0832.195.266
DEPOORTER● Liquidation	0423.186.056
DEPOORTER IMMOBILIEN● Active	0437.086.948
DEPOORTER IMMOBILIËN OOSTENDE● Active	0891.896.786
DFE Building● Active	0757.836.155
Flandria TM● Active	0743.904.183
Immobiliën Frederik Depoorter● Active	0890.940.050
IMMO KAMAR● Active	0465.575.848
Jeanne● Active	0779.450.329
MDCD● Active	0890.939.951
MIDDELKERKSE IMMOBILIENMAATSCHAPPIJ● Active	0478.193.865
MONTFLEURI● Active	0468.231.470
PENNA● Active	0823.731.324
RESIDENTIE ISLAMORADA VME● Active	0851.318.916

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	26/06/2026	28/08/2025	29/08/2024	30/08/2023	29/09/2022	31/08/2021
General meeting	13/06/2026	14/06/2025	08/06/2024	10/06/2023	11/06/2022	12/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	13/06/2026	26/06/2026	Dutch	PDF
Micro model	31/12/2024	14/06/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	08/06/2024	29/08/2024	Dutch	PDF
Micro model	31/12/2022	10/06/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	11/06/2022	29/09/2022	Dutch	PDF
Micro model	31/12/2020	12/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	13/06/2020	23/09/2020	Dutch	PDF
Micro model	31/12/2018	08/06/2019	30/09/2019	Dutch	PDF
Abridged model	31/12/2017	09/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	10/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	11/06/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	13/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	11/06/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	30/09/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	26/08/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	22/08/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	31/08/2007	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 · 2 active · 10 ended

Active mandates

DK INVEST

Director · 0452.965.947

Represented by Danny Serlippens

Active

MDCD

Director · 0890.939.951

Represented by Charles Depoorter

Active

Ended mandates

DK INVEST

Director · since 08 décembre 2023 · 0452.965.947

Represented by Danny Serlippens

Ended

MDCD

Director · since 08 décembre 2023 · 0890.939.951

Represented by Charles Depoorter

Ended

DK Invest

Manager · since 15 mars 2014 · 0504.924.986

Represented by Danny Serlippens

Ended

MDCD

Manager · since 15 mars 2014 · 0890.939.951

Represented by Charles Depoorter

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office10/10/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/01/2017
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2016
ONTSLAGEN - BENOEMINGEN
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 2025-51,6 k €↓
2024
Annual accounts 2024171,6 k €↑
2023
Annual accounts 2023120,7 k €↑
2022
Annual accounts 202212 k €↓
2021
Annual accounts 202166,4 k €↑
2020
Annual accounts 202027,1 k €↓
2019
Annual accounts 201957,2 k €↑
2018
Annual accounts 2018-18,5 k €↑
2017
Annual accounts 2017-21,4 k €↑
2016
Annual accounts 2016-36,4 k €↓
2015
Annual accounts 201538,8 k €↓
2014
Annual accounts 2014314,7 k €↑
2013
Annual accounts 20131,7 k €↓
2012
Annual accounts 201252,4 k €↑
2011
Annual accounts 20119,8 k €↓
2010
Annual accounts 201025,2 k €↑
2009
Annual accounts 2009-33,1 k €↓
2008
Annual accounts 2008-11,4 k €↓
2007
Annual accounts 20076 k €↑
2006
Annual accounts 2006-28,9 k €
08/05/1998
IncorporationPrivate 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 BUILDING

Overview

What does WEST BUILDING do?

Trend over 20 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