DESEURE BOUWONDERNEMING
ActiveSummary
DESEURE BOUWONDERNEMING has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €380k and a net result of €55k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 42% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+11
Solvency62▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.39 in 2024; short-term debt: 48.4% and cash: 11.2% of total assets), and 62.7% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
37.3%
Return on assets
5.4%
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 · 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
26 d late
2023
23 d late
2022
29 d late
2021
44 d early
2020
31 d late
2019
32 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, abbreviated schema
Equity
€380k▲ 17.0%
2024 · €325k
2018: €121klowest in 8 years
2019: €142k▲ +17.5% vs 2018
2020: €156k▲ +10.5% vs 2019
2021: €204k▲ +30.2% vs 2020
2022: €268k▲ +31.5% vs 2021
2023: €279k▲ +4.3% vs 2022
2024: €325k▲ +16.2% vs 2023
2025: €380k▲ +17.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.02M▼ 11.4%
2024 · €1.15M
2018: €539k
2019: €452k▼ -16.1% vs 2018lowest in 8 years
2020: €474k▲ +4.8% vs 2019
2021: €563k▲ +18.9% vs 2020
2022: €861k▲ +53.0% vs 2021
2023: €970k▲ +12.6% vs 2022
2024: €1.15M▲ +18.3% vs 2023highest in 8 years
2025: €1.02M▼ -11.4% vs 2024
2018 → 2025
Net result
€55k▲ 21.6%
2024 · €45k
2018: €5klowest in 8 years
2019: €21k▲ +319% vs 2018
2020: €15k▼ -29.2% vs 2019
2021: €47k▲ +216% vs 2020
2022: €64k▲ +35.9% vs 2021highest in 8 years
2023: €11k▼ -82.2% vs 2022
2024: €45k▲ +296% vs 2023
2025: €55k▲ +21.6% vs 2024
2018 → 2025
Working capital
€240k▲ 1.1%
2024 · €237k
2018: €-10klowest in 8 years
2019: €24k▲ +346% vs 2018
2020: €28k▲ +21.3% vs 2019
2021: €68k▲ +138% vs 2020
2022: €40k▼ -40.4% vs 2021
2023: €86k▲ +113% vs 2022
2024: €237k▲ +175% vs 2023
2025: €240k▲ +1.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€204k-€268k▲ 31.5%€279k▲ 4.3%€325k▲ 16.2%€380k▲ 17.0%
2021: €204klowest in 5 years
2022: €268k▲ +31.5% vs 2021
2023: €279k▲ +4.3% vs 2022
2024: €325k▲ +16.2% vs 2023
2025: €380k▲ +17.0% vs 2024highest in 5 years
Operating result€80k-€97k▲ 21.7%€34k▼ 64.7%€98k▲ 187%€103k▲ 4.9%
2021: €80k
2022: €97k▲ +21.7% vs 2021
2023: €34k▼ -64.7% vs 2022lowest in 5 years
2024: €98k▲ +187% vs 2023
2025: €103k▲ +4.9% vs 2024highest in 5 years
Net result€47k-€64k▲ 35.9%€11k▼ 82.2%€45k▲ 296%€55k▲ 21.6%
2021: €47k
2022: €64k▲ +35.9% vs 2021highest in 5 years
2023: €11k▼ -82.2% vs 2022lowest in 5 years
2024: €45k▲ +296% vs 2023
2025: €55k▲ +21.6% vs 2024
Turnover and EBIT margin not published: the abbreviated 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 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€285k ▼ 5.2%
Current assets
€732k ▼ 13.5%
Equity and liabilities €1.02M
Equity
€380k ▲ 17.0%
Debt
€638k ▼ 22.5%
Debt's share of the balance-sheet total falls from 71.7% to 62.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€175k▲
2024 · €174k
Cash flow
€127k▲
2024 · €120k
Current ratio
1.49▲
2024 · 1.39
Quick ratio
1.18▲
2024 · 0.97
Debt to equity
1.68▼
2024 · 2.54
ROE
14.5%▲
2024 · 13.9%
ROA
5.4%▲
2024 · 3.9%
Interest coverage
7.12▲
2024 · 4.90
Debt ≤ 1 year
€493k▼
2024 · €610k
Debt > 1 year
€135k▼
2024 · €195k
Income taxes
€25k▲
2024 · €20k
Staff costs
€785k▲
2024 · €711k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.15M€1.02M▼
Fixed assets21/28€300k€285k▼
Tangible fixed assets22/27€300k€285k▼
Land and buildings22€25k€20k▼
Plant, machinery and equipment23€163k€193k▲
Furniture and vehicles24€112k€72k▼
Financial fixed assets28€135€135=
Current assets29/58€847k€732k▼
Stocks and contracts in progress3€255k€151k▼
Stocks30/36€75k€76k▲
Contracts in progress37€180k€75k▼
Amounts receivable within one year40/41€325k€372k▲
Trade receivables40€213k€163k▼
Other amounts receivable41€112k€209k▲
Cash at bank and in hand54/58€139k€114k▼
Deferred charges and accrued income490/1€128k€95k▼
Equity and liabilities
Total equity and liabilities10/49€1.15M€1.02M▼
Equity10/15€325k€380k▲
Contributions10/11€40k€40k=
Reserves13€189k€244k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€189k€244k▲
Profit (loss) carried forward14€95k€95k=
Amounts payable17/49€823k€638k▼
Amounts payable after more than one year17€195k€135k▼
Financial debts170/4€195k€135k▼
Amounts payable within one year42/48€610k€493k▼
Current portion of amounts payable after more than one year42€73k€60k▼
Financial debts43€175k€175k=
Credit institutions430/8€175k€175k=
Trade debts44€208k€167k▼
Suppliers440/4€208k€167k▼
Taxes, remuneration and social security45€33k€29k▼
Taxes450/3€16k€25k▲
Remuneration and social security454/9€17k€4k▼
Other amounts payable47/48€121k€61k▼
Accrued charges and deferred income492/3€18k€10k▼
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€711k€785k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€72k▼
Other operating charges640/8€4k€12k▲
Gross operating margin9900€888k€972k▲
Operating profit (loss)9901€98k€103k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€35k€25k▼
Recurring financial charges65€35k€25k▼
Profit (loss) for the period before taxes9903€65k€80k▲
Income taxes67/77€20k€25k▲
Profit (loss) for the period9904€45k€55k▲
Profit (loss) for the period to be appropriated9905€45k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€141k€151k▲
Profit (loss) brought forward from the previous period14P€95k€95k=
Transfer to equity691/2€45k€55k▲
To other reserves6921€45k€55k▲
Social balance
Average headcount (FTE)908710.310.2▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | €0 | - | €3k | - |
| Remuneration, social security and pensions62 | €626k | €626k | €645k | €711k | €785k | ▲ 10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59k | €63k | €67k | €75k | €72k | ▼ 4.7% |
| Other operating charges640/8 | - | €2k | €16k | €4k | €12k | ▲ 233% |
| Gross operating margin9900 | €765k | €789k | €763k | €888k | €972k | ▲ 9.4% |
| Operating profit (loss)9901 | €80k | €97k | €34k | €98k | €103k | ▲ 4.9% |
| Financial income75/76B | - | - | - | €2k | €1k | ▼ 48.6% |
| Recurring financial income75 | - | - | - | €2k | €1k | ▼ 48.6% |
| Financial charges65/66B | €7k | €19k | €17k | €35k | €25k | ▼ 30.7% |
| Recurring financial charges65 | €7k | €19k | €17k | €35k | €25k | ▼ 30.7% |
| Profit (loss) for the period before taxes9903 | €73k | €79k | €17k | €65k | €80k | ▲ 22.1% |
| Income taxes67/77 | €26k | €14k | €6k | €20k | €25k | ▲ 23.2% |
| Profit (loss) for the period9904 | €47k | €64k | €11k | €45k | €55k | ▲ 21.6% |
| Transfer from tax-exempt reserves789 | €17k | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €64k | €64k | €11k | €45k | €55k | ▲ 21.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €563k | €861k | €970k | €1.15M | €1.02M | ▼ 11.4% |
| Fixed assets21/28 | €212k | €320k | €321k | €300k | €285k | ▼ 5.2% |
| Tangible fixed assets22/27 | €211k | €320k | €320k | €300k | €285k | ▼ 5.2% |
| Land and buildings22 | €36k | €35k | €30k | €25k | €20k | ▼ 20.6% |
| Plant, machinery and equipment23 | €75k | €197k | €195k | €163k | €193k | ▲ 18.5% |
| Furniture and vehicles24 | €101k | €88k | €95k | €112k | €72k | ▼ 36.2% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €351k | €541k | €649k | €847k | €732k | ▼ 13.5% |
| Stocks and contracts in progress3 | €53k | €130k | €209k | €255k | €151k | ▼ 40.9% |
| Stocks30/36 | €30k | €35k | €76k | €75k | €76k | ▲ 1.0% |
| Contracts in progress37 | €23k | €95k | €133k | €180k | €75k | ▼ 58.3% |
| Amounts receivable within one year40/41 | €240k | €346k | €376k | €325k | €372k | ▲ 14.4% |
| Trade receivables40 | €197k | €255k | €258k | €213k | €163k | ▼ 23.2% |
| Other amounts receivable41 | €44k | €91k | €118k | €112k | €209k | ▲ 85.6% |
| Cash at bank and in hand54/58 | €44k | €58k | €50k | €139k | €114k | ▼ 17.7% |
| Deferred charges and accrued income490/1 | €14k | €7k | €14k | €128k | €95k | ▼ 25.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €563k | €861k | €970k | €1.15M | €1.02M | ▼ 11.4% |
| Equity10/15 | €204k | €268k | €279k | €325k | €380k | ▲ 17.0% |
| Contributions10/11 | €40k | €40k | €40k | €40k | €40k | = |
| Reserves13 | €68k | €132k | €144k | €189k | €244k | ▲ 29.1% |
| Non-distributable reserves130/1 | €4k | €4k | €4k | €0 | - | - |
| Reserves not available under the articles1311 | €4k | €4k | €4k | €0 | - | - |
| Distributable reserves133 | €64k | €128k | €140k | €189k | €244k | ▲ 29.1% |
| Profit (loss) carried forward14 | €95k | €95k | €95k | €95k | €95k | = |
| Amounts payable17/49 | €359k | €593k | €690k | €823k | €638k | ▼ 22.5% |
| Amounts payable after more than one year17 | €76k | €59k | €127k | €195k | €135k | ▼ 30.7% |
| Financial debts170/4 | €76k | €59k | €127k | €195k | €135k | ▼ 30.7% |
| Amounts payable within one year42/48 | €284k | €501k | €563k | €610k | €493k | ▼ 19.2% |
| Current portion of amounts payable after more than one year42 | €149k | €42k | €53k | €73k | €60k | ▼ 17.9% |
| Financial debts43 | - | €100k | €175k | €175k | €175k | = |
| Credit institutions430/8 | - | €100k | €175k | €175k | €175k | = |
| Trade debts44 | €113k | €324k | €312k | €208k | €167k | ▼ 19.8% |
| Suppliers440/4 | €113k | €324k | €312k | €208k | €167k | ▼ 19.8% |
| Taxes, remuneration and social security45 | €21k | €20k | €23k | €33k | €29k | ▼ 10.6% |
| Taxes450/3 | €7k | €7k | €7k | €16k | €25k | ▲ 59.5% |
| Remuneration and social security454/9 | €14k | €13k | €16k | €17k | €4k | ▼ 74.4% |
| Other amounts payable47/48 | €357 | €15k | €114 | €121k | €61k | ▼ 49.2% |
| Accrued charges and deferred income492/3 | - | €33k | €0 | €18k | €10k | ▼ 45.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47k | €64k | €11k | €45k | €55k | ▲ 21.6% |
| + Depreciation and write-downs630 | €59k | €63k | €67k | €75k | €72k | ▼ 4.7% |
| Operating cash flow (approximation) | €106k | €128k | €78k | €120k | €127k | ▲ 5.2% |
| Investment in fixed assets (approximation) | - | €-172k | €-68k | €-55k | €-56k | ▼ 1.6% |
| Change in cash | - | €14k | €-8k | €89k | €-25k | ▼ 128% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €64k ▲35.9%
Net result €64k, the highest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €204k ▲30.2%
4 profitable years in a row build equity to €204k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €156k ▲10.5%
3 profitable years in a row build equity to €156k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Kortemark · 1 establishment unit since 2014
Ground area
1.0 ha
Building footprint
177 m²
Parcel 32025A0130/00G000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Deseure Bouwonderneming
since 20142.238.863.235
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32025A0130/00G000 | Flanders | 1.0 ha | 1 · 177 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,221 EUR awarded · 3,221 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,273 EUR | 1,273 EUR |
| 2024 | 1 | 970 EUR | 970 EUR |
| 2023 | 1 | 454 EUR | 454 EUR |
| 2022 | 1 | 524 EUR | 524 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,039 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
Founded06-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
23630Manufacture of other non-metallic mineral products
43310Plastering work
Scores and ratios are computed by Checked and are not a credit decision.