DESAER BART
ActiveDESAER BART has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.04M and a net result of €298k. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 9039 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▼-4
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 5.66 against 4.11 in 2023; short-term debt: 11.8% and cash: 32.8% of total assets), and 21.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
78.5%
Return on assets
11.4%
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 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
44 d early
2022
49 d early
2021
31 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.04M▲ 10.0%
2023 · €1.86M
2018: €500k
2019: €680k
2020: €1.01M
2021: €1.27M
2022: €1.57M
2023: €1.86M
2018 → 2024
Total assets
€2.61M▲ 2.1%
2023 · €2.55M
2018: €1.19M
2019: €1.11M
2020: €1.78M
2021: €1.79M
2022: €2.45M
2023: €2.55M
2018 → 2024
Net result
€298k▼ 20.9%
2023 · €376k
2018: €91k
2019: €199k
2020: €346k
2021: €352k
2022: €366k
2023: €376k
2018 → 2024
Working capital
€1.43M▲ 23.7%
2023 · €1.16M
2018: €170k
2019: €394k
2020: €648k
2021: €848k
2022: €1.02M
2023: €1.16M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.01M-€1.27M▲ 25.9%€1.57M▲ 24.3%€1.86M▲ 18.1%€2.04M▲ 10.0%
Operating result€510k-€517k▲ 1.3%€524k▲ 1.5%€545k▲ 3.9%€418k▼ 23.2%
Net result€346k-€352k▲ 1.7%€366k▲ 4.0%€376k▲ 2.7%€298k▼ 20.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 23% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.61M
Fixed assets
€866k▼ 15.2%
Current assets
€1.74M▲ 13.7%
Equity and liabilities €2.61M
Equity
€2.04M▲ 10.0%
Debt
€561k▼ 19.0%
The debt ratio falls from 27.1% to 21.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€514k▼
2023 · €638k
Cash flow
€393k▼
2023 · €470k
Solvency
78.5%▲
2023 · 72.9%
Current ratio
5.66▲
2023 · 4.11
Quick ratio
4.99▲
2023 · 3.87
Debt / equity
0.27▼
2023 · 0.37
ROE
14.5%▼
2023 · 20.2%
ROA
11.4%▼
2023 · 14.7%
Interest coverage
26.34▼
2023 · 32.44
Debt
€561k▼
2023 · €693k
Debt ≤ 1 year
€307k▼
2023 · €373k
Debt > 1 year
€254k▼
2023 · €320k
Income taxes
€132k▼
2023 · €169k
Staff costs
€290k▲
2023 · €251k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.55M€2.61M▲
Fixed assets21/28€1.02M€866k▼
Intangible fixed assets21€5k€3k▼
Tangible fixed assets22/27€1.02M€863k▼
Land and buildings22€743k€699k▼
Plant, machinery and equipment23€56k€69k▲
Furniture and vehicles24€218k€95k▼
Current assets29/58€1.53M€1.74M▲
Amounts receivable after more than one year29€276k€192k▼
Other amounts receivable291€276k€192k▼
Stocks and contracts in progress3€90k€206k▲
Stocks30/36€90k€206k▲
Amounts receivable within one year40/41€281k€350k▲
Trade receivables40€213k€195k▼
Other amounts receivable41€68k€155k▲
Current investments50/53€250k€125k▼
Cash at bank and in hand54/58€617k€854k▲
Deferred charges and accrued income490/1€17k€13k▼
Equity and liabilities
Total equity and liabilities10/49€2.55M€2.61M▲
Equity10/15€1.86M€2.04M▲
Contributions10/11€20k€20k=
Reserves13€1.79M€1.99M▲
Distributable reserves133€1.79M€1.99M▲
Profit (loss) carried forward14€52k€32k▼
Amounts payable17/49€693k€561k▼
Amounts payable after more than one year17€320k€254k▼
Financial debts170/4€320k€254k▼
Amounts payable within one year42/48€373k€307k▼
Current portion of amounts payable after more than one year42€64k€66k▲
Financial debts43€71k-
Credit institutions430/8€71k-
Trade debts44€67k€96k▲
Suppliers440/4€67k€96k▲
Taxes, remuneration and social security45€151k€125k▼
Taxes450/3€105k€81k▼
Remuneration and social security454/9€46k€44k▼
Other amounts payable47/48€20k€20k=
Income statement
Code20232024
Non-recurring operating income76A€18k€5k▼
Remuneration, social security and pensions62€251k€290k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€96k▲
Other operating charges640/8€8k€6k▼
Non-recurring operating charges66A€26k€16k▼
Gross operating margin9900€923k€826k▼
Operating profit (loss)9901€545k€418k▼
Financial income75/76B€20k€31k▲
Recurring financial income75€20k€31k▲
Financial charges65/66B€20k€20k▼
Recurring financial charges65€20k€20k▼
Profit (loss) for the period before taxes9903€546k€429k▼
Income taxes67/77€169k€132k▼
Profit (loss) for the period9904€376k€298k▼
Profit (loss) for the period to be appropriated9905€376k€298k▼
Appropriation of the result
Profit (loss) to be appropriated9906€448k€349k▼
Profit (loss) brought forward from the previous period14P€71k€52k▼
Transfer from equity791/2€72k€92k▲
Transfer to equity691/2€376k€297k▼
To other reserves6921€376k€297k▼
Profit to be distributed694/7€92k€112k▲
Return on contributions (dividend)694€72k€92k▲
Directors or managers695€20k€20k=
Social balance
Average headcount (FTE)90874.44.6▲
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2MEq €2.04M ▲10%
7 profitable years in a row build equity to €2.04M.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €376k ▲2.7%
Operating result €545k, net result €376k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1MEq €1.01M ▲48%
3 profitable years in a row build equity to €1.01M.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-07
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.
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, Kortenaken · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Halensebaan 473473 KortenakenGround area
744 m²
Building footprint
185 m²
Volume, LiDAR
842 m³
Parcel 24115A0193/00T002, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Desaer Frames
since 20052.148.511.396
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24115A0193/00T002 | Flanders | 744 m² | 1 · 185 m² | 6.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,318 EUR awarded · 2,318 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,009 EUR | 2,009 EUR |
| 2023 | 1 | 123 EUR | 123 EUR |
| 2022 | 1 | 186 EUR | 186 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,170 companies in sector 46499 we hold annual accounts for 743. 417 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-2005
Fiscal year end31-12
Activities, NACEBEL
20510
46499Wholesale of other household goods
16281Manufacture of other wood products
25999Manufacture of fabricated metal products, except machinery and equipment
28754
46480Wholesale trade
73110Advertising agencies
74201Photography, excluding press photography
74401
74811
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.