DESA CONSTRUCTS
ActiveDESA CONSTRUCTS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €244k and a net result of €50k. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 7196 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
98
/ 100
Excellent▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+30
Solvency91▼-5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.86 in 2024), and 44% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2025Solvency, return and age of the figures
Solvency
56%
Return on assets
11.4%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
31 d early
2022
31 d late
2021
61 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
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
09-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€244k▼ 2.7%
2024 · €251k
2018: €118k
2019: €126k
2020: €154k
2021: €172k
2022: €243k
2023: €227k
2024: €251k
2018 → 2025
Total assets
€437k▲ 8.5%
2024 · €403k
2018: €302k
2019: €296k
2020: €321k
2021: €350k
2022: €424k
2023: €435k
2024: €403k
2018 → 2025
Net result
€50k▲ 40.1%
2024 · €35k
2018: €11k
2019: €8k
2020: €28k
2021: €31k
2022: €90k
2023: €24k
2024: €35k
2018 → 2025
Working capital
€125k▲ 18.2%
2024 · €106k
2018: €46k
2019: €51k
2020: €57k
2021: €32k
2022: €83k
2023: €58k
2024: €106k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€172k-€243k▲ 41.2%€227k▼ 6.7%€251k▲ 10.7%€244k▼ 2.7%
Operating result€46k-€130k▲ 182%€36k▼ 72.1%€52k▲ 44.4%€71k▲ 35.9%
Net result€31k-€90k▲ 191%€24k▼ 73.7%€35k▲ 49.4%€50k▲ 40.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 36% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €437k
Fixed assets
€133k▼ 23.4%
Current assets
€303k▲ 32.8%
Equity and liabilities €437k
Equity
€244k▼ 2.7%
Provisions
€5k▼ 20.0%
Debt
€187k▲ 29.0%
The debt ratio rises from 36.0% to 42.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€115k▲
2024 · €100k
Cash flow
€94k▲
2024 · €83k
Solvency
56.0%▼
2024 · 62.4%
Current ratio
1.70▼
2024 · 1.86
Quick ratio
1.28▼
2024 · 1.84
Debt / equity
0.77▲
2024 · 0.58
ROE
20.3%▲
2024 · 14.1%
ROA
11.4%▲
2024 · 8.8%
Interest coverage
30.03▲
2024 · 28.64
Debt
€187k▲
2024 · €145k
Debt ≤ 1 year
€179k▲
2024 · €123k
Debt > 1 year
€8k▼
2024 · €22k
Income taxes
€21k▲
2024 · €17k
Staff costs
€114k▼
2024 · €122k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€403k€437k▲
Fixed assets21/28€174k€133k▼
Tangible fixed assets22/27€174k€133k▼
Land and buildings22€100k€81k▼
Plant, machinery and equipment23€13k€10k▼
Furniture and vehicles24€61k€40k▼
Assets under construction and advance payments27-€2k
Financial fixed assets28€210€210=
Current assets29/58€229k€303k▲
Stocks and contracts in progress3€2k€76k▲
Stocks30/36€2k€5k▲
Contracts in progress37-€71k
Amounts receivable within one year40/41€129k€96k▼
Trade receivables40€98k€63k▼
Other amounts receivable41€32k€33k▲
Current investments50/53€13k€21k▲
Cash at bank and in hand54/58€84k€107k▲
Deferred charges and accrued income490/1€327€4k▲
Equity and liabilities
Total equity and liabilities10/49€403k€437k▲
Equity10/15€251k€244k▼
Contributions10/11€6k€6k=
Reserves13€245k€238k▼
Tax-exempt reserves132€20k€16k▼
Distributable reserves133€225k€223k▼
Provisions and deferred taxes16€7k€5k▼
Deferred taxes168€7k€5k▼
Amounts payable17/49€145k€187k▲
Amounts payable after more than one year17€22k€8k▼
Financial debts170/4€22k€8k▼
Amounts payable within one year42/48€123k€179k▲
Current portion of amounts payable after more than one year42€14k€14k▼
Trade debts44€52k€78k▲
Suppliers440/4€52k€78k▲
Advances received on contracts in progress46€18k€12k▼
Taxes, remuneration and social security45€28k€19k▼
Taxes450/3€24k€19k▼
Remuneration and social security454/9€4k-
Other amounts payable47/48€11k€56k▲
Accrued charges and deferred income492/3€52€5▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€122k€114k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€44k▼
Other operating charges640/8€4k€7k▲
Gross operating margin9900€226k€236k▲
Operating profit (loss)9901€52k€71k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€1k€2k▲
Non-recurring financial income76B€249-
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€51k€70k▲
Transfer from deferred taxes780€2k€1k▼
Income taxes67/77€17k€21k▲
Profit (loss) for the period9904€35k€50k▲
Transfer from tax-exempt reserves789€7k€4k▼
Profit (loss) for the period to be appropriated9905€42k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€54k▲
Transfer from equity791/2€11k€56k▲
Transfer to equity691/2€42k€54k▲
To other reserves6921€42k€54k▲
Profit to be distributed694/7€11k€56k▲
Return on contributions (dividend)694€11k€56k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €90k ▲191%
Operating result €130k, net result €90k, both a record.
31-12
Financial
Equity above €200kEq €243k ▲41.2%
5 profitable years in a row build equity to €243k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €150kEq €154k ▲22.2%
3 profitable years in a row build equity to €154k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €8k ▼33.6%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Laureins · 1 establishment unit since 2003
Ground area
3,844 m²
Building footprint
180 m²
Volume, LiDAR
615 m³
Parcel 43014C0757/00C000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DESA Constructs bvba
since 20032.134.160.742
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43014C0757/00C000 | Flanders | 3,844 m² | 1 · 180 m² | 7.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 29,518 companies in sector 41001 we hold annual accounts for 15,849. 11,446 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-09-2003
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.