OPENING OF BANKRUPTCY

WESS

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Financial year 2022 · closed on 31/12/2022
Net result
761,4 €
+101.5% YoY
Gross margin
615,3 k €
+274.9% YoY
Equity
-117,9 k €
+0.6% YoY
Workforce
8,3 ETP
-2.4% YoY

Company — Opening of bankruptcy.

What does WESS do?

WESS is a Private company with limited liability incorporated in 2017. Its main activity is: Hotels and similar accommodation. Its registered office is in Brugge. It employs on average 8,3 ETP workers (FTE).

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0671.676.795
Incorporation
13/02/2017
Legal form
Private company with limited liability
Registered office
Jagersstraat 20
8200 Brugge · FlandreSee on map
Contributed capital
200 000,00 €
Latest accounts
31/12/2022
Average workforce
8,3 ETP
Activities (NACE)
55100Hotels and similar accommodation· main55100Hotels and similar accommodation
Joint committees (1)
  • 302
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2022202120192018
Income statement
Gross margin615,3 k €-351,9 k €469,7 k €761,3 k €
EBITDA54 k €-720,8 k €-112,1 k €63,4 k €
Operating result27 k €-749,8 k €-135,8 k €33,5 k €
Net result761,4 €-51,5 k €-183,2 k €22,3 k €
Balance sheet
Equity-117,9 k €-118,6 k €39,1 k €422,3 k €
Total assets647,5 k €354,5 k €525,7 k €747,5 k €
Cash5 k €13,4 k €24,8 k €213,6 k €
Debts614,3 k €326,6 k €412,4 k €321,5 k €
Other
Workforce8,3 ETP8,5 ETP9,3 ETP10,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 5 ended

Active mandates

Jeroen Timmermans

Director

Active

Ended mandates

H - Investco

Director · until 27 avril 2020 · 0847.765.845

Represented by Guy Coenen

Ended
H - Investco

Manager · 0847.765.845

Represented by Guy Coenen

Ended
Jeroen Timmermans

Manager

Ended
SofiCo

Director · until 27 avril 2020 · 0635.680.491

Represented by Sofie Coenen

Ended
Annual accounts

Full financial information

20222021202020192018
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202201/01/202101/01/202001/01/201913/02/2017
Closing of the financial year31/12/202231/12/202131/12/202031/12/201931/12/2018
Length of the financial year12 months12 months12 months12 months23 months
Filing date05/10/202331/08/202228/06/202114/09/202018/09/2019
General meeting25/06/202325/06/202204/06/202108/09/202004/06/2019
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202225/06/202305/10/2023DutchPDF
Abridged modelCorrection31/12/202125/06/202231/08/2022DutchPDF
Abridged model31/12/202125/06/202211/07/2022DutchPDF
Abridged model31/12/202004/06/202128/06/2021DutchPDF
Abridged model31/12/201908/09/202014/09/2020DutchPDF
Abridged model31/12/201804/06/201918/09/2019DutchPDF
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 31/12/2022 · 1 active · 5 ended

Active mandates

Jeroen Timmermans

Director

Active

Ended mandates

H - Investco

Director · until 27 avril 2020 · 0847.765.845

Represented by Guy Coenen

Ended
H - Investco

Manager · 0847.765.845

Represented by Guy Coenen

Ended
Jeroen Timmermans

Manager

Ended
SofiCo

Director · until 27 avril 2020 · 0635.680.491

Represented by Sofie Coenen

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office27/08/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/06/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/01/2019
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other13/04/2017
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other06/03/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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. 2022
    Annual accounts 2022761,4 €↑
  2. 2021
    Annual accounts 2021-51,5 k €↑
  3. 2019
    Annual accounts 2019-183,2 k €↓
  4. 2018
    Annual accounts 201822,3 k €
  5. 13/02/2017
    IncorporationPrivate company with limited liability