BART DESMIDT
ActiveSummary
BART DESMIDT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €461,816 and a net result of €124,317. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 84% of 481 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability93▲+4
Solvency96▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 2.41 against 2.62 in 2023; short-term debt: 28.8% and cash: 38.7% of total assets), and 28.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
71.2%
Return on assets
19.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-09-2025, 43 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d late
2023
56 d late
2022
11 d early
2021
23 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€461,816▼ 1.6%
2023 · €469,499
Total assets
€649,012▲ 3.1%
2023 · €629,597
Net result
€124,317▲ 20.1%
2023 · €103,512
Working capital
€264,208▲ 1.6%
2023 · €259,924
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€109,081▲ 5.8%€121,286▲ 11.2%€134,454▲ 10.9%€116,537▼ 13.3%€148,497▲ 27.4%
Net result€95,685▲ 8.3%€112,313▲ 17.4%€120,183▲ 7.0%€103,512▼ 13.9%€124,317▲ 20.1%
Equity€354,491▲ 7.8%€388,804▲ 9.7%€415,987▲ 7.0%€469,499▲ 12.9%€461,816▼ 1.6%
Total assets€622,214▲ 8.5%€627,550▲ 0.9%€626,496▼ 0.2%€629,597▲ 0.5%€649,012▲ 3.1%
Debt€267,723▲ 9.3%€238,746▼ 10.8%€210,509▼ 11.8%€160,097▼ 23.9%€187,196▲ 16.9%
Working capital€161,300▲ 2.8%€164,539▲ 2.0%€184,785▲ 12.3%€259,924▲ 40.7%€264,208▲ 1.6%
Staff (FTE)1=1=1=1=1=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 27% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €649,012
Fixed assets
€197,608 ▼ 5.7%
Current assets
€451,404 ▲ 7.5%
Equity and liabilities €649,012
Equity
€461,816 ▼ 1.6%
Debt
€187,196 ▲ 16.9%
Debt's share of the balance-sheet total rises from 25.4% to 28.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€182,943▲
2023 · €150,179
Cash flow
€158,763▲
2023 · €137,154
Current ratio
2.41▼
2023 · 2.62
Quick ratio
2.24▼
2023 · 2.39
Debt to equity
0.41▲
2023 · 0.34
ROE
26.9%▲
2023 · 22.0%
ROA
19.2%▲
2023 · 16.4%
Interest coverage
310.37▲
2023 · 187.62
Debt ≤ 1 year
€187,196▲
2023 · €160,097
Income taxes
€24,949▲
2023 · €14,315
Staff costs
€69,397▼
2023 · €70,753
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €62,885 | €66,170 | €70,753 | €69,397 | ▼ 1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,766 | €31,329 | €32,786 | €33,642 | €34,446 | ▲ 2.4% |
| Other operating charges640/8 | - | €15,739 | €122 | €532 | €548 | ▲ 3.0% |
| Gross operating margin9900 | €196,344 | €231,239 | €233,532 | €221,464 | €252,888 | ▲ 14.2% |
| Operating profit (loss)9901 | €109,081 | €121,286 | €134,454 | €116,537 | €148,497 | ▲ 27.4% |
| Financial income75/76B | - | €977 | €363 | €2,091 | €1,358 | ▼ 35.1% |
| Recurring financial income75 | €441 | €977 | €363 | €2,091 | €1,358 | ▼ 35.1% |
| Financial charges65/66B | - | €5,034 | €3,066 | €800 | €589 | ▼ 26.4% |
| Recurring financial charges65 | €6,672 | €5,034 | €3,066 | €800 | €589 | ▼ 26.4% |
| Profit (loss) for the period before taxes9903 | €102,851 | €117,229 | €131,751 | €117,827 | €149,265 | ▲ 26.7% |
| Income taxes67/77 | €7,166 | €4,916 | €11,568 | €14,315 | €24,949 | ▲ 74.3% |
| Profit (loss) for the period9904 | €95,685 | €112,313 | €120,183 | €103,512 | €124,317 | ▲ 20.1% |
| Profit (loss) for the period to be appropriated9905 | €95,685 | €112,313 | €120,183 | €103,512 | €124,317 | ▲ 20.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €622,214 | €627,550 | €626,496 | €629,597 | €649,012 | ▲ 3.1% |
| Fixed assets21/28 | €256,363 | €245,856 | €231,202 | €209,575 | €197,608 | ▼ 5.7% |
| Tangible fixed assets22/27 | €255,963 | €245,456 | €230,802 | €209,175 | €197,208 | ▼ 5.7% |
| Land and buildings22 | - | €231,826 | €216,481 | €189,719 | €162,957 | ▼ 14.1% |
| Plant, machinery and equipment23 | - | €6,912 | €6,081 | €4,425 | €8,512 | ▲ 92.4% |
| Furniture and vehicles24 | - | €6,718 | €8,241 | €15,032 | €25,739 | ▲ 71.2% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €365,851 | €381,694 | €395,293 | €420,021 | €451,404 | ▲ 7.5% |
| Stocks and contracts in progress3 | €36,855 | €27,255 | €27,105 | €36,651 | €31,850 | ▼ 13.1% |
| Stocks30/36 | - | €27,255 | €27,105 | €36,651 | €31,850 | ▼ 13.1% |
| Amounts receivable within one year40/41 | €169,407 | €148,855 | €177,455 | €279,698 | €168,528 | ▼ 39.7% |
| Trade receivables40 | - | €135,367 | €161,056 | €207,664 | €153,058 | ▼ 26.3% |
| Other amounts receivable41 | - | €13,488 | €16,399 | €72,034 | €15,470 | ▼ 78.5% |
| Cash at bank and in hand54/58 | €155,425 | €204,549 | €190,571 | €103,510 | €251,026 | ▲ 143% |
| Deferred charges and accrued income490/1 | - | €1,035 | €163 | €163 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €622,214 | €627,550 | €626,496 | €629,597 | €649,012 | ▲ 3.1% |
| Equity10/15 | €354,491 | €388,804 | €415,987 | €469,499 | €461,816 | ▼ 1.6% |
| Contributions10/11 | - | €180,750 | €180,750 | €180,750 | €120,750 | ▼ 33.2% |
| Reserves13 | €148,056 | €173,741 | €208,054 | €285,237 | €338,749 | ▲ 18.8% |
| Non-distributable reserves130/1 | - | €18,075 | €18,075 | €1,875 | €1,875 | = |
| Reserves not available under the articles1311 | - | €18,075 | €18,075 | €1,875 | €1,875 | = |
| Distributable reserves133 | - | €155,666 | €189,979 | €283,362 | €336,874 | ▲ 18.9% |
| Profit (loss) carried forward14 | €25,685 | €34,313 | €27,183 | €3,512 | €2,317 | ▼ 34.0% |
| Amounts payable17/49 | €267,723 | €238,746 | €210,509 | €160,097 | €187,196 | ▲ 16.9% |
| Amounts payable after more than one year17 | €63,173 | €21,591 | - | - | - | - |
| Financial debts170/4 | - | €21,591 | - | - | - | - |
| Amounts payable within one year42/48 | €204,551 | €217,156 | €210,509 | €160,097 | €187,196 | ▲ 16.9% |
| Current portion of amounts payable after more than one year42 | - | €41,582 | €21,591 | - | - | - |
| Trade debts44 | €91,876 | €87,569 | €90,164 | €95,817 | €95,814 | = |
| Suppliers440/4 | - | €87,569 | €90,164 | €95,817 | €95,814 | = |
| Taxes, remuneration and social security45 | - | €10,005 | €5,689 | €14,215 | €19,318 | ▲ 35.9% |
| Taxes450/3 | - | - | €1,886 | €5,318 | €14,949 | ▲ 181% |
| Remuneration and social security454/9 | - | €10,005 | €3,803 | €8,897 | €4,369 | ▼ 50.9% |
| Other amounts payable47/48 | - | €78,000 | €93,065 | €50,065 | €72,065 | ▲ 43.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €95,685 | €112,313 | €120,183 | €103,512 | €124,317 | ▲ 20.1% |
| + Depreciation and write-downs630 | €29,766 | €31,329 | €32,786 | €33,642 | €34,446 | ▲ 2.4% |
| Operating cash flow (approximation) | €125,451 | €143,642 | €152,970 | €137,154 | €158,763 | ▲ 15.8% |
| Investment in fixed assets (approximation) | - | -€20,822 | -€18,133 | -€12,015 | -€22,479 | ▼ 87.1% |
| Change in cash | - | €49,125 | -€13,979 | -€87,061 | €147,517 | ▲ 269% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 43 days late
2024
31-12
Financial
Highest result since 2018net €124,317 ▲20.1%
Operating result €148,497, net result €124,317, both a record.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2001
Ground area
933 m²
Building footprint
132 m²
Volume, LiDAR
604 m³
Parcel 44038A0001/00A003, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Wijmenstraat 21, 9030 Gent
since 20012.098.113.859
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0001/00A003 | Flanders | 933 m² | 1 · 132 m² | 10.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 298 companies in sector 33150 we hold annual accounts for 159. 120 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
33150Repair, maintenance and installation of machinery and equipment
43212Electrical installation work in industrial facilities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474690284
Also
9925:BE0474690284
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.