DES Projects
ActiveSummary
The computed 12-month bankruptcy probability of DES Projects is 3.0% (moderate). The 2024 annual accounts show equity of €27,886 and a net result of €156. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 55% of 36377 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-13
Solvency76▼-24
Growth52=
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.93 against 3.43 in 2023; short-term debt: 49.1% and cash: 15.1% of total assets), and 49.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
50.9%
Return on assets
0.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
1 d early
2022
136 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 62 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€27,886▲ 0.6%
2023 · €27,730
Total assets
€54,811▲ 48.2%
2023 · €36,993
Net result
€156▼ 95.9%
2023 · €3,828
Working capital
€24,991▲ 11.0%
2023 · €22,523
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
Line202220232024
Operating result€26,800-€5,136▼ 80.8%€95▼ 98.2%
Net result€21,402-€3,828▼ 82.1%€156▼ 95.9%
Equity€23,902-€27,730▲ 16.0%€27,886▲ 0.6%
Total assets€39,001-€36,993▼ 5.1%€54,811▲ 48.2%
Debt€15,098-€9,263▼ 38.7%€26,924▲ 191%
Working capital€17,947-€22,523▲ 25.5%€24,991▲ 11.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 98% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €54,811
Fixed assets
€2,896 ▼ 44.4%
Current assets
€51,915 ▲ 63.3%
Equity and liabilities €54,811
Equity
€27,886 ▲ 0.6%
Debt
€26,924 ▲ 191%
Debt's share of the balance-sheet total rises from 25.0% to 49.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2,406▼
2023 · €7,114
Cash flow
€2,468▼
2023 · €5,806
Current ratio
1.93▼
2023 · 3.43
Quick ratio
1.87▼
2023 · 3.27
Debt to equity
0.97▲
2023 · 0.33
ROE
0.6%▼
2023 · 13.8%
ROA
0.3%▼
2023 · 10.3%
Interest coverage
7.64▼
2023 · 32.91
Debt ≤ 1 year
€26,924▲
2023 · €9,263
Income taxes
€645▼
2023 · €1,092
Staff costs
€369
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €369 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €958 | €1,978 | €2,312 | ▲ 16.9% |
| Other operating charges640/8 | - | €1,404 | €1,267 | ▼ 9.8% |
| Gross operating margin9900 | €27,758 | €8,519 | €4,042 | ▼ 52.6% |
| Operating profit (loss)9901 | €26,800 | €5,136 | €95 | ▼ 98.2% |
| Financial income75/76B | - | €0 | €1,021 | ▲ 3,404,800% |
| Recurring financial income75 | - | €0 | €1,021 | ▲ 3,404,800% |
| Financial charges65/66B | - | €216 | €315 | ▲ 45.7% |
| Recurring financial charges65 | - | €216 | €315 | ▲ 45.7% |
| Profit (loss) for the period before taxes9903 | €26,800 | €4,920 | €801 | ▼ 83.7% |
| Income taxes67/77 | €5,398 | €1,092 | €645 | ▼ 40.9% |
| Profit (loss) for the period9904 | €21,402 | €3,828 | €156 | ▼ 95.9% |
| Profit (loss) for the period to be appropriated9905 | €21,402 | €3,828 | €156 | ▼ 95.9% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €39,001 | €36,993 | €54,811 | ▲ 48.2% |
| Fixed assets21/28 | €5,955 | €5,207 | €2,896 | ▼ 44.4% |
| Tangible fixed assets22/27 | €5,955 | €5,207 | €2,896 | ▼ 44.4% |
| Plant, machinery and equipment23 | €3,237 | €3,094 | €1,387 | ▼ 55.2% |
| Furniture and vehicles24 | €2,718 | €2,113 | €1,509 | ▼ 28.6% |
| Current assets29/58 | €33,046 | €31,786 | €51,915 | ▲ 63.3% |
| Stocks and contracts in progress3 | - | €1,500 | €1,500 | = |
| Stocks30/36 | - | €1,500 | €1,500 | = |
| Amounts receivable within one year40/41 | €31,242 | €19,597 | €41,119 | ▲ 110% |
| Trade receivables40 | €9,763 | €0 | €25,922 | - |
| Other amounts receivable41 | €21,479 | €19,597 | €15,196 | ▼ 22.5% |
| Cash at bank and in hand54/58 | €1,804 | €10,688 | €8,275 | ▼ 22.6% |
| Deferred charges and accrued income490/1 | - | - | €1,021 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €39,001 | €36,993 | €54,811 | ▲ 48.2% |
| Equity10/15 | €23,902 | €27,730 | €27,886 | ▲ 0.6% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €21,402 | €25,230 | €25,386 | ▲ 0.6% |
| Distributable reserves133 | €21,402 | €25,230 | €25,386 | ▲ 0.6% |
| Amounts payable17/49 | €15,098 | €9,263 | €26,924 | ▲ 191% |
| Amounts payable within one year42/48 | €15,098 | €9,263 | €26,924 | ▲ 191% |
| Trade debts44 | €9,701 | €2,748 | €26,522 | ▲ 865% |
| Suppliers440/4 | €9,701 | €2,748 | €26,522 | ▲ 865% |
| Taxes, remuneration and social security45 | €5,398 | €6,515 | €402 | ▼ 93.8% |
| Taxes450/3 | €5,398 | €6,515 | €402 | ▼ 93.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,402 | €3,828 | €156 | ▼ 95.9% |
| + Depreciation and write-downs630 | €958 | €1,978 | €2,312 | ▲ 16.9% |
| Operating cash flow (approximation) | €22,361 | €5,806 | €2,468 | ▼ 57.5% |
| Investment in fixed assets (approximation) | - | -€1,231 | €0 | ▲ 100% |
| Change in cash | - | €8,884 | -€2,413 | ▼ 127% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €156 ▼95.9%
Net result drops to €156, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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.
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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, Meerhout · 1 establishment unit since 2022
Ground area
1,106 m²
Building footprint
124 m²
Volume, LiDAR
913 m³
Parcel 13021B0714/00L000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DES Projects
since 20222.338.747.994
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13021B0714/00L000 | Flanders | 1,106 m² | 1 · 124 m² | 10.0 m · 3 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.
Recognitions · licences · registrations
Dual-learning approval
3 live approvalsDecoratie en schilderwerken duaal (so)
Medewerker schilder- en behangwerken duaal (so)
Schilder-decorateur (vwo)
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 2,195 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
Founded13-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43342Specialised construction activities
96210Hairdressing and barber services
Scores and ratios are computed by Checked and are not a credit decision.