Debsar
ActiveSummary
Debsar has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €430,288 and a net result of €7,979. Equity is growing by ~9.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-43
Solvency33▼-61
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity short (current ratio 0.09 against 2.11 in 2024; short-term debt: 27.5% and cash: 2.4% of total assets), and 91.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
8.2%
Return on assets
0.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
4 d early
2023
35 d early
2022
20 d late
2021
30 d late
2020
45 d early
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average on the deadline day; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?EQUITY · 26 companies How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7,979▼ 77.9%
2024 · €36,061
Working capital
-€1.3m
2024 · €125,341
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
Line20212022202320242025
Operating result€1,954▼ 94.5%€78,541▲ 3,919%€54,408▼ 30.7%€54,244▼ 0.3%€88,751▲ 63.6%
Net result-€19,593€34,564€38,555▲ 11.5%€36,061▼ 6.5%€7,979▼ 77.9%
Equity€313,130▼ 5.9%€347,694▲ 11.0%€386,249▲ 11.1%€422,310▲ 9.3%€430,288▲ 1.9%
Total assets€581,548▲ 24.2%€543,857▼ 6.5%€591,768▲ 8.8%€615,079▲ 3.9%€5.2m▲ 753%
Debt€268,419▲ 97.9%€196,163▼ 26.9%€205,519▲ 4.8%€192,769▼ 6.2%€4.8m▲ 2,400%
Working capital-€81,812▼ 25.8%€22,493€68,056▲ 203%€125,341▲ 84.2%-€1.3m
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 64% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.2m
Fixed assets
€5.1m ▲ 1,259%
Current assets
€130,263 ▼ 45.4%
Equity and liabilities €5.2m
Equity
€430,288 ▲ 1.9%
Debt
€4.8m ▲ 2,400%
Debt's share of the balance-sheet total rises from 31.3% to 91.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€124,855▲
2024 · €109,576
Cash flow
€44,082▼
2024 · €91,393
Current ratio
0.09▼
2024 · 2.11
Debt to equity
11.20▲
2024 · 0.46
ROE
1.9%▼
2024 · 8.5%
ROA
0.2%▼
2024 · 5.9%
Interest coverage
1.65▼
2024 · 19.55
Debt ≤ 1 year
€1.4m▲
2024 · €113,018
Debt > 1 year
€3.4m▲
2024 · €79,404
Income taxes
€5,259▼
2024 · €12,578
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,751 | €59,856 | €62,493 | €55,333 | €36,104 | ▼ 34.8% |
| Other operating charges640/8 | €29,992 | €1,360 | €35,110 | €35,907 | €35,319 | ▼ 1.6% |
| Gross operating margin9900 | €85,697 | €139,757 | €152,011 | €145,484 | €160,174 | ▲ 10.1% |
| Operating profit (loss)9901 | €1,954 | €78,541 | €54,408 | €54,244 | €88,751 | ▲ 63.6% |
| Financial income75/76B | €1,403 | €2,173 | €11 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €1,403 | €2,173 | €11 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €6,332 | €9,217 | €7,961 | €5,605 | €75,514 | ▲ 1,247% |
| Recurring financial charges65 | €6,332 | €9,217 | €7,961 | €5,605 | €75,514 | ▲ 1,247% |
| Profit (loss) for the period before taxes9903 | -€2,974 | €71,497 | €46,458 | €48,639 | €13,238 | ▼ 72.8% |
| Income taxes67/77 | €16,619 | €36,933 | €7,903 | €12,578 | €5,259 | ▼ 58.2% |
| Profit (loss) for the period9904 | -€19,593 | €34,564 | €38,555 | €36,061 | €7,979 | ▼ 77.9% |
| Profit (loss) for the period to be appropriated9905 | -€19,593 | €34,564 | €38,555 | €36,061 | €7,979 | ▼ 77.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €581,548 | €543,857 | €591,768 | €615,079 | €5.2m | ▲ 753% |
| Fixed assets21/28 | €513,567 | €469,526 | €420,020 | €376,720 | €5.1m | ▲ 1,259% |
| Tangible fixed assets22/27 | €513,567 | €469,526 | €420,020 | €376,720 | €547,039 | ▲ 45.2% |
| Land and buildings22 | €261,805 | €231,512 | €201,219 | €178,195 | €178,195 | = |
| Plant, machinery and equipment23 | €251,762 | €238,014 | €218,801 | €198,525 | €368,844 | ▲ 85.8% |
| Financial fixed assets28 | - | - | - | - | €4.6m | - |
| Current assets29/58 | €67,981 | €74,331 | €171,747 | €238,359 | €130,263 | ▼ 45.4% |
| Amounts receivable within one year40/41 | €67,981 | €74,331 | €120,699 | €206,001 | €6,563 | ▼ 96.8% |
| Trade receivables40 | €23,325 | €32,699 | €31,844 | €43,027 | €0 | ▼ 100% |
| Other amounts receivable41 | €44,656 | €41,632 | €88,856 | €162,974 | €6,563 | ▼ 96.0% |
| Cash at bank and in hand54/58 | - | - | €51,048 | €32,358 | €123,700 | ▲ 282% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €581,548 | €543,857 | €591,768 | €615,079 | €5.2m | ▲ 753% |
| Equity10/15 | €313,130 | €347,694 | €386,249 | €422,310 | €430,288 | ▲ 1.9% |
| Contributions10/11 | €135,102 | €135,102 | €135,102 | €135,102 | €135,102 | = |
| Capital10 | €135,102 | €135,102 | €135,102 | €135,102 | €135,102 | = |
| Issued capital100 | €135,102 | €135,102 | €135,102 | €135,102 | €135,102 | = |
| Profit (loss) carried forward14 | €178,028 | €212,592 | €251,147 | €287,208 | €295,187 | ▲ 2.8% |
| Amounts payable17/49 | €268,419 | €196,163 | €205,519 | €192,769 | €4.8m | ▲ 2,400% |
| Amounts payable after more than one year17 | €118,278 | €143,977 | €101,480 | €79,404 | €3.4m | ▲ 4,150% |
| Financial debts170/4 | €118,278 | €138,777 | €96,280 | €74,204 | €3.4m | ▲ 4,440% |
| Other amounts payable178/9 | - | €5,200 | €5,200 | €5,200 | €5,200 | = |
| Amounts payable within one year42/48 | €149,793 | €51,838 | €103,692 | €113,018 | €1.4m | ▲ 1,178% |
| Current portion of amounts payable after more than one year42 | €63,522 | €4,560 | €48,543 | €49,703 | €146,368 | ▲ 194% |
| Financial debts43 | €37,264 | €6,148 | - | - | - | - |
| Credit institutions430/8 | €37,264 | €6,148 | - | - | - | - |
| Trade debts44 | €38,684 | €41,130 | €55,149 | €60,737 | €1,497 | ▼ 97.5% |
| Suppliers440/4 | €38,684 | €41,130 | €55,149 | €60,737 | €1,497 | ▼ 97.5% |
| Taxes, remuneration and social security45 | €10,323 | - | - | €2,578 | €2,578 | = |
| Taxes450/3 | €10,323 | - | - | €2,578 | €2,578 | = |
| Other amounts payable47/48 | - | - | - | - | €1.3m | - |
| Accrued charges and deferred income492/3 | €348 | €348 | €348 | €348 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,593 | €34,564 | €38,555 | €36,061 | €7,979 | ▼ 77.9% |
| + Depreciation and write-downs630 | €53,751 | €59,856 | €62,493 | €55,333 | €36,104 | ▼ 34.8% |
| Operating cash flow (approximation) | €34,158 | €94,420 | €101,048 | €91,393 | €44,082 | ▼ 51.8% |
| Investment in fixed assets (approximation) | - | -€15,814 | -€12,987 | -€12,032 | -€4.8m | ▼ 39,617% |
| Change in cash | - | - | - | -€18,689 | €91,342 | ▲ 589% |
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
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 20 days late
2022
31-12
Financial
Back to profitnet €34,564
Net result €34,564 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.43
Current ratio from 0.45 to 1.43; short-term debt falls from €149,793 to €51,838.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€19,593
Net result drops to -€19,593, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 193 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Etterbeek · 1 establishment unit since 1985
Ground area
3,170 m²
Building footprint
355 m²
Volume, LiDAR
4,539 m³
2 parcels, Brussels, Wallonia · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Rue du Mont-Lassy 2, 1380 Lasne
since 19852.026.846.771
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076G0582/00R000 | Wallonia | 2,546 m² | 1 · 121 m² | 10.2 m · 3 fl. |
| 21363B0316/00A003 | Brussels | 624 m² | 1 · 235 m² | 18.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
EQUITY
26 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holding · 2 subsidiaries in the treeChain of control
- EQUITY
- Debsar
Highest known parent: EQUITY. The sources do not say who stands above it.
Owners 1
- EQUITYparentSourceaccounts EQUITY 202599.77%
Holdings 1
-
100%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
PAVIM 100%1 subsidiary
- Eldorado & Co. 100%
According to the 2025 annual accounts of Debsar and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded30-06-1983
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427936086
Registered
31-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.