ACTIVE

WESTHELLING

Financial year 2025 · Closed on 31/12/2025

Net result1,8 M €+14,0 %over 1 year
Gross margin5,1 M €+7,7 %over 1 year
Equity453,8 k €-55,4 %over 1 year
Workforce47,0 ETP+1,7 %over 1 year

Identity

Source · BCE/KBO

WESTHELLING is a Public limited company incorporated in 2014. Its main activity is: Hotels and similar accommodation. Its registered office is in Oostende. It employs on average 47,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0565.938.877
Incorporation
24/10/2014
Legal form
Public limited company
Registered office
Kursaal-Westhelling 5
8400 Oostende · FlandreSee on map
Contributed capital
63 000,00 €
Latest accounts
31/12/2025
Average workforce
47,0 ETP
Joint committees (2)
  • 302
  • 30200
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 11 filings

Trend over 11 financial years

20252024202320222021
Income statement
Gross margin5,1 M €4,7 M €4,4 M €3,1 M €2,7 M €
EBITDA2,5 M €2,2 M €2,1 M €977,8 k €875,8 k €
Operating result2,5 M €2,1 M €2 M €957,6 k €850 k €
Net result1,8 M €1,6 M €1,5 M €704,3 k €621,3 k €
Balance sheet
Equity453,8 k €1 M €1,2 M €624,7 k €1,3 M €
Total assets1,7 M €2,7 M €2,5 M €2,1 M €2,2 M €
Cash99,8 k €152,5 k €353 k €422,3 k €2 M €
Debts1,2 M €1,7 M €1,3 M €1,5 M €976,8 k €
Other
Workforce47,0 ETP46,2 ETP43,6 ETP45,5 ETP44,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 12 ended

Active mandates

ANDROMEDA INVEST

Director · since 30 juin 2023 · until 14 juin 2028 · 0565.937.194

Represented by Katleen Spriet

Active
DEPOORTER IMMOBILIEN

Director · since 30 juin 2023 · until 14 juin 2028 · 0437.086.948

Represented by Charles DEPOORTER

Active
VERCAEMST

Managing director · since 30 juin 2023 · until 14 juin 2028 · 0864.073.624

Represented by Xavier VERCAEMST

Active

Ended mandates

ANDROMEDA INVEST

Director · since 30 juin 2023 · until 13 juin 2029 · 0565.937.194

Represented by Spriet KATHLEEN

Ended
DEPOORTER IMMOBILIEN

Director · since 30 juin 2023 · until 13 juin 2029 · 0437.086.948

Represented by Depoorter CHARLES

Ended
VERCAEMST

Chairman of the board of directors · since 30 juin 2023 · until 14 juin 2028 · 0864.073.624

Represented by Xavier VERCAEMST

Ended
VERCAEMST

Director · since 30 juin 2023 · until 13 juin 2029 · 0864.073.624

Represented by Vercaemst XAVIER

Ended

Other companies at this address

Kursaal-Westhelling 5 8400 Oostende
CompanyCBE no.
ANDROMEDA HOTEL● Active
0405.305.590
ANDROWEST● Active
0598.702.509

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/05/202617/04/202515/05/202428/07/202315/06/202222/07/2021
General meeting05/05/202607/04/202507/05/202430/06/202309/06/202209/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 11 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/05/202618/05/2026DutchPDF
Abridged model31/12/202407/04/202517/04/2025DutchPDF
Abridged model31/12/202307/05/202415/05/2024DutchPDF
Abridged model31/12/202230/06/202328/07/2023DutchPDF
Abridged model31/12/202109/06/202215/06/2022DutchPDF
Abridged model31/12/202009/06/202122/07/2021DutchPDF
Abridged model31/12/201910/06/202008/10/2020DutchPDF
Abridged model31/12/201812/06/201903/07/2019DutchPDF
Abridged model31/12/201713/06/201829/08/2018DutchPDF
Abridged model31/12/201614/06/201731/08/2017DutchPDF
Abridged model31/12/201508/06/201613/09/2016DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 12 ended

Active mandates

ANDROMEDA INVEST

Director · since 30 juin 2023 · until 14 juin 2028 · 0565.937.194

Represented by Katleen Spriet

Active
DEPOORTER IMMOBILIEN

Director · since 30 juin 2023 · until 14 juin 2028 · 0437.086.948

Represented by Charles DEPOORTER

Active
VERCAEMST

Managing director · since 30 juin 2023 · until 14 juin 2028 · 0864.073.624

Represented by Xavier VERCAEMST

Active

Ended mandates

ANDROMEDA INVEST

Director · since 30 juin 2023 · until 13 juin 2029 · 0565.937.194

Represented by Spriet KATHLEEN

Ended
DEPOORTER IMMOBILIEN

Director · since 30 juin 2023 · until 13 juin 2029 · 0437.086.948

Represented by Depoorter CHARLES

Ended
VERCAEMST

Chairman of the board of directors · since 30 juin 2023 · until 14 juin 2028 · 0864.073.624

Represented by Xavier VERCAEMST

Ended
VERCAEMST

Director · since 30 juin 2023 · until 13 juin 2029 · 0864.073.624

Represented by Vercaemst XAVIER

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other02/09/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN
    PDF
  • Mandates28/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/10/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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 20251,8 M €↑
  2. 2024
    Annual accounts 20241,6 M €↑
  3. 2023
    Annual accounts 20231,5 M €↑
  4. 2022
    Annual accounts 2022704,3 k €↑
  5. 2021
    Annual accounts 2021621,3 k €↑
  6. 2020
    Annual accounts 2020-566,7 k €↓
  7. 2019
    Annual accounts 2019718,3 k €↑
  8. 2018
    Annual accounts 201884 k €↑
  9. 2017
    Annual accounts 20174,6 k €↓
  10. 2016
    Annual accounts 201649 k €↓
  11. 2015
    Annual accounts 2015296,9 k €
  12. 24/10/2014
    IncorporationPublic limited company