DESICO

Active

Private limited companyfounded 20206 yrs activeOrsmaelstraat 19, 3450 Geetbets, BelgiumKBO/BCE: BE 0741.826.702

Summary

The computed 12-month bankruptcy probability of DESICO is 3.6% (moderate). The 2024 annual accounts show equity of €72k and a net result of €-6k. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 83% of 6717 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

48 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability11▼-76

Solvency100=

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

3.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity ample (current ratio 4.63 against 4.31 in 2023; short-term debt: 21% and cash: 0% of total assets), and 24.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

75.4%

Return on assets

-6.4%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

22 d late

2023

14 d late

2022

31 d late

2021

35 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€72k▼ 7.9%

2023 · €78k

2021: €30k 2022: €41k 2023: €78k

2021 → 2024

Total assets

€95k▼ 8.6%

2023 · €104k

2021: €309k 2022: €443k 2023: €104k

2021 → 2024

Net result

€-6k

2023 · €37k

2021: €12k 2022: €12k 2023: €37k

2021 → 2024

Working capital

€72k▼ 3.5%

2023 · €75k

2021: €-71k 2022: €-98k 2023: €75k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€30k-€41k▲ 39.8%€78k▲ 89.0%€72k▼ 7.9%

Operating result€22k-€34k▲ 57.8%€68k▲ 98.0%€-9k

Net result€12k-€12k▲ 2.0%€37k▲ 213%€-6k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €9k after €68k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €95k

97.1%

Fixed assets €3k ▼ 53.6%

Current assets €92k ▼ 5.4%

Equity and liabilities €95k

75.4%

24.6%

Equity €72k ▼ 7.9%

Debt €23k ▼ 10.8%

Debt's share of the balance-sheet total falls from 25.2% to 24.6%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-5k▼

2023 · €71k

Cash flow

€-2k▼

2023 · €40k

Current ratio

4.63▲

2023 · 4.31

Quick ratio

4.58▲

2023 · 4.27

Debt to equity

0.33▼

2023 · 0.34

ROE

-8.5%▼

2023 · 47.1%

ROA

-6.4%▼

2023 · 35.2%

Interest coverage

-12.25▼

2023 · 4.44

Debt ≤ 1 year

€20k▼

2023 · €23k

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 · 2024 against 2023 · 49 lines

Balance sheet Code20232024

Assets

Total assets20/58€104k€95k▼

Formation expenses20€493€25▼

Fixed assets21/28€6k€3k▼

Tangible fixed assets22/27€6k€3k▼

Plant, machinery and equipment23€4k€905▼

Furniture and vehicles24€2k€2k▼

Financial fixed assets28€135€135=

Current assets29/58€98k€92k▼

Amounts receivable after more than one year29€85k€76k▼

Other amounts receivable291€85k€76k▼

Stocks and contracts in progress3€1k€1k=

Stocks30/36€1k€1k=

Amounts receivable within one year40/41€9k€15k▲

Trade receivables40€5k€4k▼

Other amounts receivable41€4k€11k▲

Cash at bank and in hand54/58€2k€21▼

Deferred charges and accrued income490/1€85-

Equity and liabilities

Total equity and liabilities10/49€104k€95k▼

Equity10/15€78k€72k▼

Contributions10/11€18k€18k=

Reserves13€60k€54k▼

Distributable reserves133€60k€54k▼

Amounts payable17/49€26k€23k▼

Amounts payable within one year42/48€23k€20k▼

Trade debts44€1k€4k▲

Suppliers440/4€1k€4k▲

Taxes, remuneration and social security45€21k€15k▼

Taxes450/3€18k€15k▼

Remuneration and social security454/9€3k-

Accrued charges and deferred income492/3€4k€3k▼

Income statement Code20232024

Non-recurring operating income76A€155k-

Remuneration, social security and pensions62€5k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲

Other operating charges640/8€803€407▼

Non-recurring operating charges66A€30k-

Gross operating margin9900€106k€-5k▼

Operating profit (loss)9901€68k€-9k▼

Financial income75/76B€3k€3k▼

Recurring financial income75€3k€3k▼

Financial charges65/66B€16k€418▼

Recurring financial charges65€16k€418▼

Profit (loss) for the period before taxes9903€55k€-6k▼

Income taxes67/77€18k-

Profit (loss) for the period9904€37k€-6k▼

Profit (loss) for the period to be appropriated9905€37k€-6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€37k€-6k▼

Transfer from equity791/2-€6k

Transfer to equity691/2€37k-

To other reserves6921€37k-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2025

22-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 22 days late

2024

31-12

Financial Weakest financial yearnet €-6k ▼117%

Net result drops to €-6k, the lowest in the series.

14-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 14 days late

2023

31-12

Financial Highest result since 2021net €37k ▲213%

Operating result €68k, net result €37k, both a record.

31-12

Financial Liquidity times 10current ratio 4.31

Current ratio from 0.42 to 4.31; short-term debt falls from €169k to €23k.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2021

27-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Geetbets · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Orsmaelstraat 193450 Geetbets

Ground area

667 m²

Building footprint

442 m²

Volume, LiDAR

2,200 m³

Parcel 24032A0434/00C000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

DESICO

Orsmaelstraat 19, 3450 GeetbetsFreight transport by road

since 20202.298.441.427

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24032A0434/00C000	Flanders	667 m²	1 · 442 m²	10.0 m · 2 fl.

Linked by address, not proof of ownership

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.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 3 entries · 472 EUR awarded · 472 EUR paid

Year	Entries	awarded	paid
2025	1	119 EUR	119 EUR
2023	1	222 EUR	266 EUR
2022	1	131 EUR	87 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

3 entries · 472 EUR · 472 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

BELMARIT SERVICE

BE 0736.794.974

Sint-Gillis (bij-Brussel) · Eq €71,833

Maldegem · Eq €71,717

ELROTRANS

BE 0453.476.780

Aalst · Eq €71,671

Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 6,220 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded21-01-2020

Fiscal year end31-12

Activities, NACEBEL 2025

49410Freight transport by road

33110Repair and maintenance of fabricated metal products

33120Repair and maintenance of machinery

43990Other specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.