DESEO
ActiveSummary
DESEO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78,275 and a net result of -€459. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 69% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▲+19
Solvency83▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 5.33 against 5.2 in 2024; short-term debt: 7.1% and cash: 15.3% of total assets), and 42% of the assets are financed with debt.
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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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
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 2025Solvency, return and age of the figures
Solvency
58%
Return on assets
-0.3%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
43 d early
2023
43 d early
2022
13 d early
2021
18 d late
2020
27 d late
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€78,275▼ 0.6%
2024 · €78,734
Total assets
€135,059▼ 5.6%
2024 · €143,132
Net result
-€459▲ 89.1%
2024 · -€4,194
Working capital
€41,386▲ 1.9%
2024 · €40,596
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€12,861▲ 37.1%€79€7,640▲ 9,593%-€555€1,884
Net result-€14,090below the sector's middle half▼ 2.1%-€875within the sector's middle half▲ 93.8%€9,023within the sector's middle half-€4,194below the sector's middle half-€459within the sector's middle half▲ 89.1%
Equity€74,779within the sector's middle half▼ 15.9%€73,904within the sector's middle half▼ 1.2%€82,927within the sector's middle half▲ 12.2%€78,734within the sector's middle half▼ 5.1%€78,275within the sector's middle half▼ 0.6%
Total assets€164,575within the sector's middle half▼ 11.9%€155,238within the sector's middle half▼ 5.7%€155,206within the sector's middle half=€143,132within the sector's middle half▼ 7.8%€135,059within the sector's middle half▼ 5.6%
Debt€89,796▼ 8.2%€81,333▼ 9.4%€72,278▼ 11.1%€64,398▼ 10.9%€56,785▼ 11.8%
Working capital€44,148▼ 20.6%€44,033▼ 0.3%€53,194▲ 20.8%€40,596▼ 23.7%€41,386▲ 1.9%
Solvency45.4%within the sector's middle half▼ 2.2pp47.6%within the sector's middle half▲ 2.2pp53.4%within the sector's middle half▲ 5.8pp55.0%within the sector's middle half▲ 1.6pp58.0%within the sector's middle half▲ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,884 after a loss of €555 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135,059
Fixed assets
€84,115 ▼ 9.4%
Current assets
€50,944 ▲ 1.4%
Equity and liabilities €135,059
Equity
€78,275 ▼ 0.6%
Debt
€56,785 ▼ 11.8%
Debt's share of the balance-sheet total falls from 45.0% to 42.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,915▲
2024 · €8,883
Cash flow
€9,572▲
2024 · €5,244
Current ratio
5.33▲
2024 · 5.20
Debt to equity
0.73▼
2024 · 0.82
ROE
-0.6%▲
2024 · -5.3%
ROA
-0.3%▲
2024 · -2.9%
Interest coverage
3.99▲
2024 · 2.15
Debt ≤ 1 year
€9,558▼
2024 · €9,661
Debt > 1 year
€46,827▼
2024 · €54,737
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €11,157 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,367 | €9,411 | €9,137 | €9,438 | €10,031 | ▲ 6.3% |
| Other operating charges640/8 | €715 | €1,936 | €2,057 | €3,295 | €1,440 | ▼ 56.3% |
| Gross operating margin9900 | €1,221 | €11,426 | €18,833 | €12,178 | €13,355 | ▲ 9.7% |
| Operating profit (loss)9901 | -€12,861 | €79 | €7,640 | -€555 | €1,884 | ▲ 439% |
| Financial income75/76B | €2,802 | €338 | €1,584 | €492 | €644 | ▲ 30.9% |
| Recurring financial income75 | €2,802 | €338 | €1,584 | €492 | €644 | ▲ 30.9% |
| Financial charges65/66B | €4,031 | €1,292 | €201 | €4,131 | €2,987 | ▼ 27.7% |
| Recurring financial charges65 | €4,031 | €1,292 | €201 | €4,131 | €2,987 | ▼ 27.7% |
| Profit (loss) for the period before taxes9903 | -€14,090 | -€875 | €9,023 | -€4,194 | -€459 | ▲ 89.1% |
| Profit (loss) for the period9904 | -€14,090 | -€875 | €9,023 | -€4,194 | -€459 | ▲ 89.1% |
| Profit (loss) for the period to be appropriated9905 | -€14,090 | -€875 | €9,023 | -€4,194 | -€459 | ▲ 89.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €164,575 | €155,238 | €155,206 | €143,132 | €135,059 | ▼ 5.6% |
| Fixed assets21/28 | €108,307 | €99,399 | €92,000 | €92,875 | €84,115 | ▼ 9.4% |
| Tangible fixed assets22/27 | €108,307 | €99,399 | €92,000 | €92,875 | €84,115 | ▼ 9.4% |
| Land and buildings22 | €104,967 | €97,075 | €89,183 | €86,216 | €77,801 | ▼ 9.8% |
| Plant, machinery and equipment23 | €421 | €460 | €2,009 | €6,652 | €6,314 | ▼ 5.1% |
| Furniture and vehicles24 | €2,919 | €1,863 | €807 | €7 | €0 | ▼ 100% |
| Current assets29/58 | €56,269 | €55,839 | €63,206 | €50,257 | €50,944 | ▲ 1.4% |
| Amounts receivable after more than one year29 | €13,361 | €12,980 | €15,146 | €22,360 | €24,871 | ▲ 11.2% |
| Other amounts receivable291 | €13,361 | €12,980 | €15,146 | €22,360 | €24,871 | ▲ 11.2% |
| Amounts receivable within one year40/41 | €6,475 | €1,106 | €58 | €58 | €5,259 | ▲ 8,967% |
| Trade receivables40 | €6,135 | €1,021 | €58 | €58 | €353 | ▲ 509% |
| Other amounts receivable41 | €341 | €85 | - | - | €4,906 | - |
| Cash at bank and in hand54/58 | €36,080 | €40,528 | €47,012 | €27,391 | €20,599 | ▼ 24.8% |
| Deferred charges and accrued income490/1 | €353 | €1,225 | €990 | €448 | €215 | ▼ 52.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €164,575 | €155,238 | €155,206 | €143,132 | €135,059 | ▼ 5.6% |
| Equity10/15 | €74,779 | €73,904 | €82,927 | €78,734 | €78,275 | ▼ 0.6% |
| Contributions10/11 | €52,269 | €52,269 | €52,269 | €52,269 | €52,269 | = |
| Reserves13 | €57,087 | €57,087 | €57,087 | €57,087 | €57,087 | = |
| Non-distributable reserves130/1 | €7,087 | €7,087 | €7,087 | €7,087 | €7,087 | = |
| Reserves not available under the articles1311 | €7,087 | €7,087 | €7,087 | €7,087 | €7,087 | = |
| Distributable reserves133 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€34,577 | -€35,452 | -€26,429 | -€30,622 | -€31,081 | ▼ 1.5% |
| Amounts payable17/49 | €89,796 | €81,333 | €72,278 | €64,398 | €56,785 | ▼ 11.8% |
| Amounts payable after more than one year17 | €77,571 | €69,527 | €62,267 | €54,737 | €46,827 | ▼ 14.5% |
| Financial debts170/4 | €77,571 | €69,527 | €62,267 | €54,737 | €46,827 | ▼ 14.5% |
| Amounts payable within one year42/48 | €12,121 | €11,806 | €10,011 | €9,661 | €9,558 | ▼ 1.1% |
| Current portion of amounts payable after more than one year42 | €10,241 | €9,639 | €6,584 | €7,530 | €8,053 | ▲ 6.9% |
| Trade debts44 | €1,693 | €2,167 | €969 | €1,471 | €658 | ▼ 55.3% |
| Suppliers440/4 | €1,693 | €2,167 | €969 | €1,471 | €658 | ▼ 55.3% |
| Taxes, remuneration and social security45 | €187 | - | €2,458 | €660 | €848 | ▲ 28.5% |
| Taxes450/3 | €187 | - | €2,458 | €660 | €848 | ▲ 28.5% |
| Accrued charges and deferred income492/3 | €105 | - | - | - | €400 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,090 | -€875 | €9,023 | -€4,194 | -€459 | ▲ 89.1% |
| + Depreciation and write-downs630 | €13,367 | €9,411 | €9,137 | €9,438 | €10,031 | ▲ 6.3% |
| Operating cash flow (approximation) | -€723 | €8,537 | €18,160 | €5,244 | €9,572 | ▲ 82.5% |
| Investment in fixed assets (approximation) | - | -€503 | -€1,738 | -€10,313 | -€1,271 | ▲ 87.7% |
| Change in cash | - | €4,448 | €6,484 | -€19,622 | -€6,791 | ▲ 65.4% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9,023
Net result €9,023 after 4 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 6.77
Current ratio from 3.00 to 6.77; short-term debt falls from €31,875 to €9,638.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€24,691
Net result drops to -€24,691, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 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, Asse · 1 establishment unit since 2006
Ground area
687 m²
Building footprint
165 m²
Volume, LiDAR
857 m³
Parcel 23322E0063/00S000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Waalborrelaan 4, 1730 Asse
since 20062.150.987.371
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322E0063/00S000 | Flanders | 687 m² | 1 · 164 m² | 8.1 m · 2 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.
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Of 6,972 companies in sector 49320 we hold annual accounts for 2,716. 2,010 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
Founded19-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
74140Other specialised design activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878014603
Also
9925:BE0878014603
Registered
06-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.