NORMAL SITUATION

WESTSYS

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Financial year 2024 · closed on 30/09/2024

Net result

166 k €

-38.2% YoY

Gross margin

778,4 k €

-8.5% YoY

Equity

1,2 M €

-40.4% YoY

Workforce

7,6 ETP

+2.7% YoY

Company — Normal situation.

What does WESTSYS do?

WESTSYS is a company registered in Belgium. It employs on average 7,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.874.665

Legal form

Private limited company

Contributed capital

19 800,00 €

Latest accounts

30/09/2024

Average workforce

7,6 ETP

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	778,4 k €	-8.5%	850,4 k €	-4.1%	886,4 k €	+1.1%	876,9 k €	+16.5%	753 k €	+25.0%	602,4 k €	+3.4%	582,7 k €	+26.7%	459,8 k €	-9.1%	506 k €	+22.0%	414,6 k €	+7.5%	385,7 k €	-23.0%	500,8 k €	+99.9%	250,5 k €	+32.5%	189 k €	-2.6%	194,1 k €	+12.7%	172,3 k €	-7.5%	186,3 k €	+89.4%	98,4 k €
EBITDA	291,6 k €	-27.7%	403,6 k €	-13.2%	465 k €	-6.1%	495,3 k €	+12.9%	438,5 k €	+30.1%	337 k €	-12.7%	385,9 k €	+40.0%	275,8 k €	-13.6%	319,2 k €	+41.3%	225,9 k €	+6.1%	212,9 k €	-29.5%	302 k €	+115%	140,5 k €	+38.8%	101,2 k €	-10.6%	113,3 k €	-11.5%	128,1 k €	-15.4%	151,4 k €	+79.1%	84,6 k €
Operating result	220,3 k €	-36.7%	348,2 k €	-9.7%	385,6 k €	-7.6%	417,5 k €	+18.7%	351,9 k €	+48.8%	236,4 k €	-11.7%	267,8 k €	+20.0%	223,2 k €	-20.2%	279,7 k €	+51.1%	185,2 k €	+13.0%	163,8 k €	-36.9%	259,4 k €	+171%	95,8 k €	+40.5%	68,2 k €	-14.6%	79,8 k €	-14.4%	93,3 k €	-22.5%	120,3 k €	+98.4%	60,6 k €
Net result	166 k €	-38.2%	268,6 k €	-4.7%	281,8 k €	-10.3%	314,3 k €	+27.0%	247,5 k €	+45.3%	170,4 k €	-0.6%	171,3 k €	+19.6%	143,2 k €	+0.9%	141,9 k €	+20.0%	118,2 k €	+2.8%	115 k €	-35.5%	178,3 k €	+156%	69,6 k €	+44.4%	48,2 k €	-13.8%	55,9 k €	-11.9%	63,5 k €	-32.3%	93,8 k €	+111%	44,4 k €
Balance sheet
Equity	1,2 M €	-40.4%	2,1 M €	+15.0%	1,8 M €	+19.6%	1,5 M €	+26.5%	1,2 M €	-15.2%	1,4 M €	+13.7%	1,2 M €	+15.8%	1,1 M €	+15.5%	920,5 k €	+18.2%	778,6 k €	+17.9%	660,4 k €	+13.2%	583,2 k €	+44.0%	404,9 k €	+20.7%	335,3 k €	+16.8%	287,2 k €	+24.2%	231,3 k €	-13.6%	267,8 k €	+28.7%	208 k €
Total assets	1,5 M €	-35.1%	2,3 M €	+11.5%	2 M €	+11.6%	1,8 M €	+18.6%	1,5 M €	-3.4%	1,6 M €	+13.2%	1,4 M €	+16.4%	1,2 M €	+12.4%	1,1 M €	+21.9%	877,8 k €	+12.1%	782,8 k €	+15.1%	680,2 k €	+23.8%	549,5 k €	+26.8%	433,4 k €	+11.1%	390 k €	+1.4%	384,5 k €	-7.5%	415,5 k €	+36.2%	305,1 k €
Cash	163,6 k €	-41.1%	277,8 k €	-75.4%	1,1 M €	+5.2%	1,1 M €	+61.8%	664,4 k €	-9.2%	731,7 k €	+16.7%	627,1 k €	-18.9%	773,6 k €	+11.4%	694,2 k €	+22.0%	569,2 k €	+41.0%	403,6 k €	-4.8%	424 k €	+71.5%	247,2 k €	+105%	120,6 k €	+25.4%	96,2 k €	+10.2%	87,3 k €	+50.2%	58,1 k €	-18.9%	71,7 k €
Debts	235,9 k €	+20.3%	196,1 k €	-15.0%	230,6 k €	-26.7%	314,5 k €	-8.6%	344 k €	+86.4%	184,6 k €	+9.6%	168,4 k €	+20.8%	139,4 k €	-6.8%	149,6 k €	+53.0%	97,8 k €	-18.7%	120,2 k €	+26.7%	94,8 k €	-33.7%	143,1 k €	+47.5%	97 k €	-4.9%	102 k €	-33.5%	153,3 k €	+4.9%	146,2 k €	+67.9%	87 k €
Other
Workforce	7,6 ETP	+2.7%	7,4 ETP	+2.8%	7,2 ETP	0.0%	7,2 ETP	+22.0%	5,9 ETP	+13.5%	5,2 ETP	+18.2%	4,4 ETP	+22.2%	3,6 ETP	-12.2%	4,1 ETP	0.0%	4,1 ETP	+10.8%	3,7 ETP	+23.3%	3,0 ETP	+7.1%	2,8 ETP	+21.7%	2,3 ETP	+15.0%	2,0 ETP	+42.9%	1,4 ETP	+40.0%	1,0 ETP	0.0%	1,0 ETP

Governance

Board of directors

Seen on filing of 30/09/2024 · 2 active · 9 ended

Active mandates

Lieven COEN

Director · since 14 juillet 2023

Active

CONXION

Director · since 22 juin 2022 · 0458.974.603

Represented by Chris Debyser

Active

Ended mandates

Pipa Pro

Director · since 22 juin 2022 · until 14 juillet 2023 · 0787.222.702

Represented by Piet Lietaer

Ended

Pipa Pro

Director · since 22 juin 2022 · 0787.222.702

Represented by Piet Lietaer

Ended

Patricia QUAEGEBEUR

Director · since 21 novembre 2019 · until 22 juin 2022

Ended

Piet LIETAER

Director · since 21 novembre 2019 · until 22 juin 2022

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019	01/10/2018
Closing of the financial year	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020	30/09/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/01/2025	28/03/2024	21/03/2023	16/03/2022	29/04/2021	15/04/2020
General meeting	17/12/2024	01/03/2024	03/03/2023	04/03/2022	05/03/2021	06/03/2020
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2024	17/12/2024	07/01/2025	Dutch	PDF
Abridged model	30/09/2023	01/03/2024	28/03/2024	Dutch	PDF
Abridged model	30/09/2022	03/03/2023	21/03/2023	Dutch	PDF
Abridged model	30/09/2021	04/03/2022	16/03/2022	Dutch	PDF
Abridged model	30/09/2020	05/03/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	06/03/2020	15/04/2020	Dutch	PDF
Abridged model	30/09/2018	22/02/2019	21/03/2019	Dutch	PDF
Abridged model	30/09/2017	23/03/2018	29/03/2018	Dutch	PDF
Abridged model	30/09/2016	10/03/2017	31/03/2017	Dutch	PDF
Abridged model	30/09/2015	26/02/2016	11/03/2016	Dutch	PDF
Abridged model	30/09/2014	27/02/2015	18/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	28/04/2014	Dutch	PDF
Abridged model	31/03/2012	31/08/2012	26/10/2012	Dutch	PDF
Abridged model	31/03/2011	26/08/2011	17/10/2011	Dutch	PDF
Abridged model	31/03/2010	27/08/2010	13/09/2010	Dutch	PDF
Abridged model	31/03/2009	28/08/2009	26/09/2009	Dutch	PDF
Abridged model	31/03/2008	29/08/2008	29/09/2008	Dutch	PDF
Abridged model	31/03/2007	30/09/2007	24/10/2007	Dutch	PDF
Abridged model	31/03/2006	30/09/2006	31/10/2006	Dutch	PDF
Abridged model	31/03/2005	30/09/2005	12/10/2005	Dutch	PDF
Abridged model	31/03/2004	30/09/2004	01/12/2004	Dutch	PDF
Abridged model	31/03/2003	30/09/2003	14/11/2003	Dutch	PDF

Estimate

Indicative valuation

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 30/09/2024 · 2 active · 9 ended

Active mandates

Lieven COEN

Director · since 14 juillet 2023

Active

CONXION

Director · since 22 juin 2022 · 0458.974.603

Represented by Chris Debyser

Active

Ended mandates

Pipa Pro

Director · since 22 juin 2022 · until 14 juillet 2023 · 0787.222.702

Represented by Piet Lietaer

Ended

Pipa Pro

Director · since 22 juin 2022 · 0787.222.702

Represented by Piet Lietaer

Ended

Patricia QUAEGEBEUR

Director · since 21 novembre 2019 · until 22 juin 2022

Ended

Piet LIETAER

Director · since 21 novembre 2019 · until 22 juin 2022

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2024
Annual accounts 2024166 k €↓
2023
Annual accounts 2023268,6 k €↓
2022
Annual accounts 2022281,8 k €↓
2021
Annual accounts 2021314,3 k €↑
2020
Annual accounts 2020247,5 k €↑
2019
Annual accounts 2019170,4 k €↓
2018
Annual accounts 2018171,3 k €↑
2017
Annual accounts 2017143,2 k €↑
2016
Annual accounts 2016141,9 k €↑
2015
Annual accounts 2015118,2 k €↑
2014
Annual accounts 2014115 k €↓
2013
Annual accounts 2013178,3 k €↑
2012
Annual accounts 201269,6 k €↑
2011
Annual accounts 201148,2 k €↓
2010
Annual accounts 201055,9 k €↓
2009
Annual accounts 200963,5 k €↓
2008
Annual accounts 200893,8 k €↑
2007
Annual accounts 200744,4 k €

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

WESTSYS

Overview

What does WESTSYS do?

Trend over 18 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline