DESGRA
ActiveSummary
DESGRA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €676,763 and a net result of €105,674. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 2.63 against 1.96 in 2024; short-term debt: 9.6% and cash: 6.8% of total assets), and 11.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
88.2%
Return on assets
13.8%
Age of the figures
15 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 30-06-2025 was due by 31-01-2026 and was filed on 27-11-2025, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
25 d early
2023
61 d early
2022
48 d early
2021
40 d early
2020
69 d early
2019
42 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 50 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 14 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€676,763▲ 18.5%
2024 · €571,089
Total assets
€767,386▲ 17.6%
2024 · €652,711
Net result
€105,674▲ 25.9%
2024 · €83,908
Working capital
€120,547▲ 177%
2024 · €43,505
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€91,538▲ 10.1%€87,066▼ 4.9%€130,858▲ 50.3%€118,091▼ 9.8%€150,626▲ 27.6%
Net result€61,875above the sector's middle half▲ 11.4%€58,456within the sector's middle half▼ 5.5%€90,648above the sector's middle half▲ 55.1%€83,908above the sector's middle half▼ 7.4%€105,674above the sector's middle half▲ 25.9%
Equity€446,077above the sector's middle half▲ 16.1%€396,533above the sector's middle half▼ 11.1%€487,181above the sector's middle half▲ 22.9%€571,089above the sector's middle half▲ 17.2%€676,763above the sector's middle half▲ 18.5%
Total assets€685,617above the sector's middle half▲ 11.4%€579,211above the sector's middle half▼ 15.5%€646,629above the sector's middle half▲ 11.6%€652,711above the sector's middle half▲ 0.9%€767,386above the sector's middle half▲ 17.6%
Debt€239,540▲ 3.5%€182,678▼ 23.7%€159,448▼ 12.7%€81,622▼ 48.8%€90,623▲ 11.0%
Working capital€115,598within the sector's middle half€69,063within the sector's middle half▼ 40.3%€79,568within the sector's middle half▲ 15.2%€43,505within the sector's middle half▼ 45.3%€120,547within the sector's middle half▲ 177%
Solvency65.1%within the sector's middle half▲ 2.7pp68.5%within the sector's middle half▲ 3.4pp75.3%within the sector's middle half▲ 6.9pp87.5%above the sector's middle half▲ 12.2pp88.2%above the sector's middle half▲ 0.7pp
Current ratio1.93within the sector's middle half▲ 1.171.70within the sector's middle half▼ 0.231.77within the sector's middle half▲ 0.071.96within the sector's middle half▲ 0.192.63within the sector's middle half▲ 0.67
Return on assets (ROA)9.0%within the sector's middle half=10.1%within the sector's middle half▲ 1.1pp14.0%within the sector's middle half▲ 3.9pp12.9%within the sector's middle half▼ 1.2pp13.8%within the sector's middle half▲ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 recovers in 2025; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €767,386
Fixed assets
€572,998 ▲ 1.6%
Current assets
€194,387 ▲ 119%
Equity and liabilities €767,386
Equity
€676,763 ▲ 18.5%
Debt
€90,623 ▲ 11.0%
Debt's share of the balance-sheet total falls from 12.5% to 11.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€199,900▲
2024 · €158,403
Cash flow
€154,948▲
2024 · €124,221
Quick ratio
2.32▲
2024 · 1.36
Debt to equity
0.13▼
2024 · 0.14
ROE
15.6%▲
2024 · 14.7%
Interest coverage
78.90▲
2024 · 64.13
Debt ≤ 1 year
€73,840▲
2024 · €45,409
Debt > 1 year
€0▼
2024 · €20,633
Income taxes
€43,402▲
2024 · €32,119
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 17,811 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 | - | - | - | - | €165 | - |
| Remuneration, social security and pensions62 | - | €25 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,751 | €39,738 | €28,037 | €40,312 | €49,274 | ▲ 22.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€1,546 | €111 | -€20 | -€3,291 | ▼ 16,530% |
| Other operating charges640/8 | - | €3,874 | €3,896 | €4,205 | €4,464 | ▲ 6.2% |
| Gross operating margin9900 | €137,712 | €129,157 | €162,902 | €162,588 | €201,073 | ▲ 23.7% |
| Operating profit (loss)9901 | €91,538 | €87,066 | €130,858 | €118,091 | €150,626 | ▲ 27.6% |
| Financial income75/76B | - | €38 | €90 | €407 | €983 | ▲ 142% |
| Recurring financial income75 | €133 | €38 | €90 | €407 | €983 | ▲ 142% |
| Financial charges65/66B | - | €5,128 | €3,079 | €2,470 | €2,534 | ▲ 2.6% |
| Recurring financial charges65 | €5,717 | €5,128 | €3,079 | €2,470 | €2,534 | ▲ 2.6% |
| Profit (loss) for the period before taxes9903 | €85,953 | €81,977 | €127,869 | €116,027 | €149,076 | ▲ 28.5% |
| Income taxes67/77 | €24,078 | €23,520 | €37,221 | €32,119 | €43,402 | ▲ 35.1% |
| Profit (loss) for the period9904 | €61,875 | €58,456 | €90,648 | €83,908 | €105,674 | ▲ 25.9% |
| Profit (loss) for the period to be appropriated9905 | €61,875 | €58,456 | €90,648 | €83,908 | €105,674 | ▲ 25.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €685,617 | €579,211 | €646,629 | €652,711 | €767,386 | ▲ 17.6% |
| Fixed assets21/28 | €445,592 | €411,878 | €463,826 | €563,797 | €572,998 | ▲ 1.6% |
| Tangible fixed assets22/27 | €445,592 | €411,878 | €463,826 | €563,797 | €572,998 | ▲ 1.6% |
| Land and buildings22 | - | €185,095 | €241,943 | €343,679 | €551,581 | ▲ 60.5% |
| Plant, machinery and equipment23 | - | €4,642 | €2,482 | €5,578 | €16,983 | ▲ 204% |
| Furniture and vehicles24 | - | €2,708 | €5,120 | €5,411 | €4,435 | ▼ 18.0% |
| Other tangible fixed assets26 | - | €219,433 | €214,281 | €209,128 | €0 | ▼ 100% |
| Current assets29/58 | €240,024 | €167,333 | €182,803 | €88,914 | €194,387 | ▲ 119% |
| Amounts receivable after more than one year29 | - | - | - | - | €93,231 | - |
| Other amounts receivable291 | - | - | - | - | €93,231 | - |
| Stocks and contracts in progress3 | €26,299 | €25,633 | €28,571 | €27,366 | €23,083 | ▼ 15.7% |
| Stocks30/36 | - | €25,633 | €28,571 | €27,366 | €23,083 | ▼ 15.7% |
| Amounts receivable within one year40/41 | €21,582 | €21,321 | €25,076 | €23,762 | €23,134 | ▼ 2.6% |
| Trade receivables40 | - | €20,785 | €22,450 | €20,671 | €21,655 | ▲ 4.8% |
| Other amounts receivable41 | - | €536 | €2,626 | €3,091 | €1,478 | ▼ 52.2% |
| Cash at bank and in hand54/58 | €191,927 | €119,192 | €127,678 | €36,658 | €52,119 | ▲ 42.2% |
| Deferred charges and accrued income490/1 | - | €1,188 | €1,477 | €1,128 | €2,822 | ▲ 150% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €685,617 | €579,211 | €646,629 | €652,711 | €767,386 | ▲ 17.6% |
| Equity10/15 | €446,077 | €396,533 | €487,181 | €571,089 | €676,763 | ▲ 18.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €330,022 | €388,478 | €479,126 | €564,889 | €670,563 | ▲ 18.7% |
| Non-distributable reserves130/1 | - | €10,742 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €10,742 | - | - | - | - |
| Other1319 | - | - | €0 | - | - | - |
| Tax-exempt reserves132 | - | €678 | €678 | €678 | €678 | = |
| Distributable reserves133 | - | €377,058 | €478,448 | €564,211 | €669,885 | ▲ 18.7% |
| Profit (loss) carried forward14 | €1,855 | €1,855 | €1,855 | €0 | - | - |
| Amounts payable17/49 | €239,540 | €182,678 | €159,448 | €81,622 | €90,623 | ▲ 11.0% |
| Amounts payable after more than one year17 | €98,486 | €67,681 | €40,945 | €20,633 | €0 | ▼ 100% |
| Financial debts170/4 | - | €67,681 | €40,945 | €20,633 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €124,426 | €98,271 | €103,235 | €45,409 | €73,840 | ▲ 62.6% |
| Current portion of amounts payable after more than one year42 | - | €30,805 | €26,736 | €20,312 | €20,633 | ▲ 1.6% |
| Financial debts43 | - | - | - | €45 | €2 | ▼ 94.7% |
| Credit institutions430/8 | - | - | - | €45 | €2 | ▼ 94.7% |
| Trade debts44 | €3,959 | €4,290 | €37,839 | €6,925 | €7,591 | ▲ 9.6% |
| Suppliers440/4 | - | €4,290 | €37,839 | €6,925 | €7,591 | ▲ 9.6% |
| Taxes, remuneration and social security45 | - | €18,272 | €28,211 | €12,660 | €20,829 | ▲ 64.5% |
| Taxes450/3 | - | €18,272 | €28,211 | €12,660 | €20,829 | ▲ 64.5% |
| Other amounts payable47/48 | - | €44,903 | €10,450 | €5,468 | €24,785 | ▲ 353% |
| Accrued charges and deferred income492/3 | - | €16,727 | €15,268 | €15,580 | €16,783 | ▲ 7.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,875 | €58,456 | €90,648 | €83,908 | €105,674 | ▲ 25.9% |
| + Depreciation and write-downs630 | €40,751 | €39,738 | €28,037 | €40,312 | €49,274 | ▲ 22.2% |
| Operating cash flow (approximation) | €102,626 | €98,194 | €118,685 | €124,221 | €154,948 | ▲ 24.7% |
| Investment in fixed assets (approximation) | - | -€6,024 | -€79,985 | -€140,284 | -€58,475 | ▲ 58.3% |
| Change in cash | - | -€72,735 | €8,486 | -€91,021 | €15,461 | ▲ 117% |
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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €105,674 ▲25.9%
Operating result €150,626, net result €105,674, both a record.
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €500,000Eq €571,089 ▲17.2%
6 profitable years in a row build equity to €571,089.
2023
01-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 1.93
Current ratio from 0.76 to 1.93; short-term debt falls from €177,964 to €124,426.
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Show earlier events
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
2015
07-09
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2012
18-10
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
07-09
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Lokeren · 1 establishment unit since 2008
Ground area
1,011 m²
Building footprint
123 m²
Volume, LiDAR
772 m³
Parcel 46007D0611/00D000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DESGRA
since 20082.174.055.852
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46007D0611/00D000 | Flanders | 1,011 m² | 1 · 123 m² | 8.7 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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 31,916 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
Founded07-10-2008
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
96210Hairdressing and barber services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806887966
Also
9925:BE0806887966
Registered
08-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.