DESAGRO
ActiveSummary
DESAGRO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €353k and a net result of €43k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 73% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+1
Solvency90▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.71 against 2.56 in 2024; short-term debt: 26.2% and cash: 43.7% of total assets), and 34.8% of the assets are financed with debt.
Credit check for your own amount and term
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
65.2%
Return on assets
7.9%
Age of the figures
9 mo
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
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
28 d early
2023
30 d early
2022
28 d early
2021
3 d early
2020
18 d early
2019
8 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€353k▲ 13.8%
2024 · €310k
Total assets
€541k▲ 8.6%
2024 · €498k
Net result
€43k▲ 13.9%
2024 · €38k
Working capital
€242k▲ 27.5%
2024 · €190k
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€77k▲ 39.6%€131k▲ 69.8%€111k▼ 15.1%€60k▼ 45.8%€67k▲ 11.2%
Net result€52k▲ 75.6%€90k▲ 73.1%€75k▼ 17.1%€38k▼ 49.9%€43k▲ 13.9%
Equity€239k▲ 28.0%€330k▲ 37.8%€405k▲ 22.7%€310k▼ 23.4%€353k▲ 13.8%
Total assets€445k▲ 16.2%€541k▲ 21.5%€572k▲ 5.9%€498k▼ 13.0%€541k▲ 8.6%
Debt€206k▲ 5.0%€211k▲ 2.5%€168k▼ 20.5%€188k▲ 12.3%€188k=
Working capital€182k▲ 35.0%€279k▲ 52.9%€293k▲ 5.0%€190k▼ 35.3%€242k▲ 27.5%
Staff (FTE)2.3▲ 91.7%2.1▼ 8.7%1.4▼ 33.3%1.8▲ 28.6%1.8=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €541k
Fixed assets
€158k ▼ 15.8%
Current assets
€383k ▲ 23.3%
Equity and liabilities €541k
Equity
€353k ▲ 13.8%
Debt
€188k =
Debt's share of the balance-sheet total falls from 37.8% to 34.8%. Equity is higher.
Key figures and ratios
EBITDA
€114k▲
2024 · €92k
Cash flow
€90k▲
2024 · €69k
Current ratio
2.71▲
2024 · 2.56
Quick ratio
2.44▲
2024 · 2.20
Debt to equity
0.53▼
2024 · 0.61
ROE
12.2%▲
2024 · 12.1%
ROA
7.9%▲
2024 · 7.5%
Interest coverage
15.78▲
2024 · 12.06
Debt ≤ 1 year
€141k▲
2024 · €121k
Debt > 1 year
€47k▼
2024 · €67k
Income taxes
€19k▲
2024 · €16k
Staff costs
€109k▲
2024 · €91k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €83 | €0 | €2k | - |
| Remuneration, social security and pensions62 | €110k | €108k | €78k | €91k | €109k | ▲ 19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €17k | €36k | €32k | €47k | ▲ 48.9% |
| Other operating charges640/8 | €3k | €3k | €6k | €7k | €7k | ▲ 2.5% |
| Gross operating margin9900 | €206k | €259k | €231k | €190k | €231k | ▲ 21.3% |
| Operating profit (loss)9901 | €77k | €131k | €111k | €60k | €67k | ▲ 11.2% |
| Financial income75/76B | - | €1k | €534 | €803 | €2k | ▲ 153% |
| Recurring financial income75 | - | €1k | €534 | €803 | €2k | ▲ 153% |
| Financial charges65/66B | €5k | €5k | €6k | €8k | €7k | ▼ 5.1% |
| Recurring financial charges65 | €5k | €5k | €6k | €8k | €7k | ▼ 5.1% |
| Profit (loss) for the period before taxes9903 | €72k | €127k | €106k | €53k | €62k | ▲ 15.6% |
| Income taxes67/77 | €20k | €37k | €31k | €16k | €19k | ▲ 19.6% |
| Profit (loss) for the period9904 | €52k | €90k | €75k | €38k | €43k | ▲ 13.9% |
| Profit (loss) for the period to be appropriated9905 | €52k | €90k | €75k | €38k | €43k | ▲ 13.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €445k | €541k | €572k | €498k | €541k | ▲ 8.6% |
| Fixed assets21/28 | €137k | €120k | €171k | €188k | €158k | ▼ 15.8% |
| Tangible fixed assets22/27 | €137k | €120k | €171k | €188k | €158k | ▼ 15.8% |
| Land and buildings22 | €114k | €109k | €103k | €98k | €92k | ▼ 5.6% |
| Plant, machinery and equipment23 | €15k | €7k | €0 | - | €15k | - |
| Furniture and vehicles24 | €8k | €4k | €68k | €44k | €21k | ▼ 51.6% |
| Leasing and similar rights25 | - | - | - | €46k | €30k | ▼ 35.2% |
| Current assets29/58 | €308k | €421k | €401k | €311k | €383k | ▲ 23.3% |
| Stocks and contracts in progress3 | €15k | €12k | €41k | €44k | €38k | ▼ 14.2% |
| Stocks30/36 | €11k | €12k | €16k | €21k | €18k | ▼ 17.5% |
| Contracts in progress37 | €4k | €0 | €25k | €23k | €20k | ▼ 11.1% |
| Amounts receivable within one year40/41 | €58k | €73k | €82k | €57k | €108k | ▲ 88.0% |
| Trade receivables40 | €41k | €70k | €75k | €48k | €92k | ▲ 91.6% |
| Other amounts receivable41 | €17k | €3k | €7k | €10k | €16k | ▲ 69.8% |
| Cash at bank and in hand54/58 | €232k | €330k | €278k | €204k | €236k | ▲ 16.0% |
| Deferred charges and accrued income490/1 | €4k | €6k | €1k | €6k | €1k | ▼ 74.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €445k | €541k | €572k | €498k | €541k | ▲ 8.6% |
| Equity10/15 | €239k | €330k | €405k | €310k | €353k | ▲ 13.8% |
| Contributions10/11 | €19k | €19k | €19k | €100 | €100 | = |
| Reserves13 | €220k | €311k | €386k | €309k | €352k | ▲ 13.9% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €218k | €309k | €386k | €309k | €352k | ▲ 13.9% |
| Profit (loss) carried forward14 | €471 | €471 | €471 | €471 | €471 | = |
| Amounts payable17/49 | €206k | €211k | €168k | €188k | €188k | = |
| Amounts payable after more than one year17 | €79k | €69k | €59k | €67k | €47k | ▼ 30.5% |
| Financial debts170/4 | €79k | €69k | €59k | €67k | €47k | ▼ 30.5% |
| Amounts payable within one year42/48 | €126k | €142k | €108k | €121k | €141k | ▲ 16.8% |
| Current portion of amounts payable after more than one year42 | €11k | €10k | €10k | €20k | €20k | ▲ 1.7% |
| Trade debts44 | €34k | €25k | €12k | €9k | €23k | ▲ 150% |
| Suppliers440/4 | €34k | €25k | €12k | €9k | €23k | ▲ 150% |
| Taxes, remuneration and social security45 | €16k | €25k | €8k | €11k | €8k | ▼ 31.7% |
| Taxes450/3 | €7k | €19k | €4k | €4k | €5k | ▲ 10.0% |
| Remuneration and social security454/9 | €9k | €6k | €4k | €7k | €3k | ▼ 57.8% |
| Other amounts payable47/48 | €65k | €82k | €79k | €80k | €90k | ▲ 12.0% |
| Accrued charges and deferred income492/3 | €913 | €225 | €225 | €225 | €225 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52k | €90k | €75k | €38k | €43k | ▲ 13.9% |
| + Depreciation and write-downs630 | €16k | €17k | €36k | €32k | €47k | ▲ 48.9% |
| Operating cash flow (approximation) | €68k | €107k | €111k | €69k | €90k | ▲ 29.9% |
| Investment in fixed assets (approximation) | - | €0 | €-87k | €-48k | €-18k | ▲ 63.6% |
| Change in cash | - | €98k | €-52k | €-74k | €33k | ▲ 144% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €90k ▲73.1%
Operating result €131k, net result €90k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €239k ▲28%
4 profitable years in a row build equity to €239k.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €24k ▼48.5%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €157k ▲18.2%
2 profitable years in a row build equity to €157k.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Brugge · 1 establishment unit since 2013
Ground area
833 m²
Building footprint
161 m²
Volume, LiDAR
697 m³
Parcel 31014B0197/00X000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Desagro
since 20132.219.828.271
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31014B0197/00X000 | Flanders | 833 m² | 1 · 161 m² | 7.3 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.
Similar companies · same sector, comparable size
BOUWONDERNEMING BRACKE EDDY
BE 0467.043.320
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BOUWWERKEN RIJCKAERT
BE 0876.390.644
Lievegem · Eq €352,994
G.D.B. FRANCO
BE 0759.849.597
Flémalle · Eq €352,426
LU-TECH
BE 0452.041.972
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SCHERPEREEL HENDRIK
BE 0428.086.734
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 10,470 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
Founded07-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43331Floor and wall tiling
Scores and ratios are computed by Checked and are not a credit decision.