Checked.be
Active
BE 0808.804.410Private limited company
DESENDER GEERT
Ichtegemstraat 41 ·8610 Kortemark, Belgium· 17 yrs active
Sector: Roofing work
(43410)
Conclusion
DESENDER GEERT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €573k and a net result of €-22k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 95% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €573k |
| Net result | €-22k |
| Staff (FTE) | 2 |
| Better than sector | 95% |
Financial profile
61
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2009, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
52
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€30k
estimate, not credit advice
Score history
86
2022
94
2023
86
2024
52
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 25.09 (≥ 1.5)
+10
Quick ratio
Quick ratio 23.22 (≥ 1.0)
+5
Leverage
Debt/equity 0.04 (< 1.0)
+10
Profitability
Negatieve ROE -4%
-10
Interest coverage
Interest coverage -36.8× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 06-06-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 4 fiscal years (±2.5%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 96.0% | 47.4% | |
| Net result | €-22k | €10k | |
| Equity | €573k | €60k | |
| Gross operating margin | €78k | €39k | |
| Staff costs | €82k | €40k |
€-7k
-
22-25
€-22k
-
22-25
€-1k
-
22-25
€597k
-3.2%
22-25
€573k
-3.6%
22-25
€513k
-1.2%
22-25
2
0.0%
22-25
€82k
+3.9%
22-25
€-1k
-
22-25
€21k
+16.0%
22-25
€21k
+16.0%
22-25
25.09
-14.3%
22-25
23.22
-12.6%
22-25
96.0%
-0.5%
22-25
0.04
+20.4%
22-25
-3.8%
-
22-25
-3.6%
-
22-25
-36.76
-
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €-7k | €45k | €62k | €31k |
| Net profit | €-22k | €16k | €42k | €11k |
| Cash flow | €-1k | €36k | €55k | €31k |
| Staff costs | €82k | €79k | €89k | €74k |
| Income taxes | €-1k | €14k | €7k | €5k |
| Dividends | - | - | - | - |
| Total assets | €597k | €616k | €628k | €553k |
| Equity | €573k | €595k | €578k | €536k |
| Debt | €21k | €18k | €45k | €17k |
| of which ≤ 1y | €21k | €18k | €45k | €17k |
| of which > 1y | - | - | - | - |
| Working capital | €513k | €519k | €484k | €502k |
| Employees (FTE) | 2.0 | 2.0 | 2.0 | 2.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 25.09 | 29.28 | 11.74 | 30.63 |
| Quick ratio | 23.22 | 26.58 | 9.88 | 20.77 |
| Working capital ratio | 85.9% | 84.2% | 77.1% | 90.8% |
| Solvency | 96.0% | 96.5% | 92.1% | 96.9% |
| Debt / equity | 0.04 | 0.03 | 0.08 | 0.03 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | -36.76 | 71.21 | 379.64 | 104.66 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -3.6% | 2.6% | 6.7% | 2.1% |
| ROE | -3.8% | 2.7% | 7.3% | 2.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €597k | €616k | €628k | €553k |
| Fixed assets | 21/28 | €63k | €79k | €99k | €34k |
| Tangible fixed assets | 22/27 | €62k | €79k | €99k | €34k |
| Financial fixed assets | 28 | €270 | €270 | €270 | €270 |
| Current assets | 29/58 | €534k | €537k | €529k | €519k |
| Stocks & contracts in progress | 3 | €40k | €50k | €84k | €167k |
| Amounts receivable within one year | 40/41 | €50k | €43k | €30k | €66k |
| Cash & bank | 54/58 | €435k | €435k | €405k | €275k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €597k | €616k | €628k | €553k |
| Equity | 10/15 | €573k | €595k | €578k | €536k |
| Contributions / capital | 10/11 | €216k | €216k | €216k | €216k |
| Reserves | 13 | €367k | €375k | €359k | €317k |
| Accumulated profits (losses) | 14 | €-10k | €3k | €3k | €3k |
| Provisions & deferred taxes | 16 | €2k | €3k | €4k | - |
| Amounts payable | 17/49 | €21k | €18k | €45k | €17k |
| Amounts payable within one year | 42/48 | €21k | €18k | €45k | €17k |
| Trade debts payable within one year | 44 | €3k | €3k | €26k | €3k |
| Income statement | |||||
| Gross operating margin | 9900 | €78k | €126k | €154k | €107k |
| Operating result | 9901 | €-27k | €25k | €49k | €12k |
| Financial income | 75 | €3k | €4k | €5k | €5k |
| Financial charges | 65 | €178 | €631 | €163 | €300 |
| Result before taxes | 9903 | €-24k | €29k | €54k | €17k |
| Income taxes | 67/77 | €-1k | €14k | €7k | €5k |
| Net result for the period | 9904 | €-22k | €16k | €42k | €11k |
| Result to be appropriated | 9905 | €-18k | €20k | €25k | €11k |
Legal Structure
| NACE primary | Roofing work(43410) |
| Legal form | Private limited company(610) |
| Incorporation | 02-01-2009 |
| Status | Active |
| Postal code | 8610 |
Establishment units
Desender Geert BVBA
since 20092.175.248.061
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011B1035/00P000 | Flanders | 7.8 ha | - | - |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
06-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-22k ▼234%
Net result drops to €-22k, the lowest in the series.
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 29.28
Current ratio from 11.74 to 29.28; short-term debt falls from €45k to €18k.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €42k ▲267%
Operating result €49k, net result €42k, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Roofing work43410Plumbing work43221Installation of electric heating, air conditioning, cooling and ventilation43222Screed work43422
Names & trade names
| Legal nameNL | DESENDER GEERT |
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