Desim
ActiveSummary
Desim has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.3m and a net result of -€145,436. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 40% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-9
Solvency53▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €420,000 at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.25 in 2024; short-term debt: 10.9% and cash: 0.3% of total assets), and 72.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
27.7%
Return on assets
-0.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
22 d early
2023
6 d early
2022
on the day
2021
40 d late
2020
9 d late
2019
92 d late
← 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 13 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 26 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€145,436
2024 · €218,406
Working capital
-€2.0m▼ 0.4%
2024 · -€2.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€227,670▲ 10.9%€993,862▲ 337%€170,210▼ 82.9%€660,079▲ 288%€255,875▼ 61.2%
Net result€221,895above the sector's middle half▼ 61.0%€802,427above the sector's middle half▲ 262%-€53,318below the sector's middle half€218,406above the sector's middle half-€145,436below the sector's middle half
Equity€6.3mabove the sector's middle half▼ 2.2%€6.9mabove the sector's middle half▲ 9.4%€6.7mabove the sector's middle half▼ 3.7%€6.5mabove the sector's middle half▼ 2.9%€6.3mabove the sector's middle half▼ 2.9%
Total assets€18.5mabove the sector's middle half▲ 9.6%€17.9mabove the sector's middle half▼ 3.0%€19.6mabove the sector's middle half▲ 9.3%€20.8mabove the sector's middle half▲ 6.0%€22.6mabove the sector's middle half▲ 8.7%
Debt€11.4m▲ 19.1%€10.2m▼ 10.2%€12.2m▲ 19.3%€13.6m▲ 11.7%€15.7m▲ 15.2%
Working capital-€1.8mbelow the sector's middle half▼ 24.6%-€2.0mbelow the sector's middle half▼ 8.8%-€2.3mbelow the sector's middle half▼ 17.3%-€2.0mbelow the sector's middle half▲ 14.3%-€2.0mbelow the sector's middle half▼ 0.4%
Solvency34.1%within the sector's middle half▼ 4.1pp38.5%within the sector's middle half▲ 4.4pp33.9%within the sector's middle half▼ 4.6pp31.1%within the sector's middle half▼ 2.9pp27.7%within the sector's middle half▼ 3.3pp
Current ratio0.30below the sector's middle half▼ 0.110.25below the sector's middle half▼ 0.050.14below the sector's middle half▼ 0.110.25below the sector's middle half▲ 0.100.20below the sector's middle half▼ 0.05
Return on assets (ROA)1.2%within the sector's middle half▼ 2.2pp4.5%within the sector's middle half▲ 3.3pp-0.3%within the sector's middle half▼ 4.7pp1.1%within the sector's middle half▲ 1.3pp-0.6%within the sector's middle half▼ 1.7pp
Staff (FTE)9.8above the sector's middle half11.6above the sector's middle half▲ 18.4%0within the sector's middle half▼ 100%0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.6m
Fixed assets
€22.1m ▲ 9.9%
Current assets
€483,702 ▼ 26.3%
Equity and liabilities €22.6m
Equity
€6.3m ▼ 2.9%
Provisions
€668,948 ▼ 8.5%
Debt
€15.7m ▲ 15.2%
Debt's share of the balance-sheet total rises from 65.4% to 69.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2.2m▼
2024 · €2.5m
Cash flow
€1.8m▼
2024 · €2.0m
Debt to equity
2.50▲
2024 · 2.11
ROE
-2.3%▼
2024 · 3.4%
Interest coverage
5.13▼
2024 · 7.07
Debt ≤ 1 year
€2.5m▼
2024 · €2.6m
Debt > 1 year
€12.9m▲
2024 · €10.6m
Income taxes
€28,440▼
2024 · €162,790
Staff costs
€743,692▼
2024 · €754,565
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a small loss
0.5%
went bankrupt
2.2%
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 370 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 | €847 | €361,021 | €381 | €20,050 | €3,357 | ▼ 83.3% |
| Remuneration, social security and pensions62 | €677,007 | €606,321 | €789,534 | €754,565 | €743,692 | ▼ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.7m | €1.5m | €1.9m | €1.8m | €2.0m | ▲ 9.1% |
| Other operating charges640/8 | €1,462 | €3,310 | €6,159 | €80,110 | €5,684 | ▼ 92.9% |
| Non-recurring operating charges66A | - | - | €25,110 | €0 | - | - |
| Gross operating margin9900 | €2.6m | €3.2m | €2.9m | €3.3m | €3.0m | ▼ 9.8% |
| Operating profit (loss)9901 | €227,670 | €993,862 | €170,210 | €660,079 | €255,875 | ▼ 61.2% |
| Financial income75/76B | €13,890 | €10,352 | €8,508 | €5,680 | €56 | ▼ 99.0% |
| Recurring financial income75 | €13,890 | €10,352 | €8,508 | €5,680 | €56 | ▼ 99.0% |
| Financial charges65/66B | €173,913 | €188,417 | €224,576 | €350,287 | €435,465 | ▲ 24.3% |
| Recurring financial charges65 | €173,913 | €188,417 | €224,576 | €350,287 | €435,465 | ▲ 24.3% |
| Profit (loss) for the period before taxes9903 | €67,647 | €815,797 | -€45,859 | €315,472 | -€179,534 | ▼ 157% |
| Transfer from deferred taxes780 | €225,921 | €280,980 | €66,414 | €65,724 | €62,538 | ▼ 4.8% |
| Transfer to deferred taxes680 | €0 | €90,031 | €17,813 | €0 | - | - |
| Income taxes67/77 | €71,673 | €204,319 | €56,060 | €162,790 | €28,440 | ▼ 82.5% |
| Profit (loss) for the period9904 | €221,895 | €802,427 | -€53,318 | €218,406 | -€145,436 | ▼ 167% |
| Transfer from tax-exempt reserves789 | - | - | €188,058 | €184,819 | €187,615 | ▲ 1.5% |
| Transfer to tax-exempt reserves689 | €0 | €270,094 | €53,438 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €221,895 | €532,333 | €81,302 | €403,225 | €42,179 | ▼ 89.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18.5m | €17.9m | €19.6m | €20.8m | €22.6m | ▲ 8.7% |
| Fixed assets21/28 | €17.7m | €17.3m | €19.2m | €20.1m | €22.1m | ▲ 9.9% |
| Tangible fixed assets22/27 | €17.7m | €17.3m | €19.2m | €20.1m | €22.1m | ▲ 9.9% |
| Land and buildings22 | €17.6m | €17.2m | €18.9m | €19.8m | €21.9m | ▲ 10.4% |
| Plant, machinery and equipment23 | €11,759 | €9,128 | €6,498 | €3,867 | €2,006 | ▼ 48.1% |
| Furniture and vehicles24 | €93,453 | €64,104 | €267,046 | €317,396 | €248,696 | ▼ 21.6% |
| Current assets29/58 | €781,930 | €660,946 | €388,820 | €655,882 | €483,702 | ▼ 26.3% |
| Amounts receivable within one year40/41 | €610,256 | €566,493 | €303,849 | €163,800 | €411,246 | ▲ 151% |
| Trade receivables40 | €189,417 | €203,735 | €150,493 | €135,564 | €113,400 | ▼ 16.3% |
| Other amounts receivable41 | €420,839 | €362,757 | €153,356 | €28,236 | €297,846 | ▲ 955% |
| Cash at bank and in hand54/58 | €163,036 | €92,776 | €81,980 | €489,204 | €68,374 | ▼ 86.0% |
| Deferred charges and accrued income490/1 | €8,638 | €1,678 | €2,990 | €2,878 | €4,083 | ▲ 41.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18.5m | €17.9m | €19.6m | €20.8m | €22.6m | ▲ 8.7% |
| Equity10/15 | €6.3m | €6.9m | €6.7m | €6.5m | €6.3m | ▼ 2.9% |
| Contributions10/11 | €2.5m | €2.5m | €2.1m | €2.1m | €2.1m | = |
| Capital10 | €1.9m | €1.9m | €1.5m | €1.5m | €1.5m | = |
| Issued capital100 | €1.9m | €1.9m | €1.5m | €1.5m | €1.5m | = |
| Outside capital11 | €651,641 | €651,641 | €651,641 | €651,641 | €651,641 | = |
| Share premium1100/10 | €651,641 | €651,641 | €651,641 | €651,641 | €651,641 | = |
| Reserves13 | €3.8m | €4.4m | €4.5m | €4.3m | €4.1m | ▼ 4.3% |
| Non-distributable reserves130/1 | €189,041 | €189,041 | €189,041 | €189,041 | €189,041 | = |
| Legal reserve130 | €189,041 | €189,041 | €189,041 | €189,041 | €189,041 | = |
| Tax-exempt reserves132 | €2.6m | €2.6m | €2.9m | €2.7m | €2.5m | ▼ 6.9% |
| Distributable reserves133 | €1.0m | €1.5m | €1.4m | €1.4m | €1.4m | = |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €817,638 | €834,628 | €786,027 | €731,486 | €668,948 | ▼ 8.5% |
| Deferred taxes168 | €817,638 | €834,628 | €786,027 | €731,486 | €668,948 | ▼ 8.5% |
| Amounts payable17/49 | €11.4m | €10.2m | €12.2m | €13.6m | €15.7m | ▲ 15.2% |
| Amounts payable after more than one year17 | €8.5m | €7.6m | €9.5m | €10.6m | €12.9m | ▲ 21.5% |
| Financial debts170/4 | €8.5m | €7.6m | €9.5m | €10.6m | €12.9m | ▲ 21.5% |
| Amounts payable within one year42/48 | €2.6m | €2.6m | €2.7m | €2.6m | €2.5m | ▼ 6.3% |
| Current portion of amounts payable after more than one year42 | €1.2m | €1.1m | €1.3m | €1.1m | €182,726 | ▼ 82.7% |
| Financial debts43 | €500,000 | €500,000 | €526,313 | €500,000 | €1.1m | ▲ 126% |
| Credit institutions430/8 | €500,000 | €500,000 | €526,313 | €500,000 | €1.1m | ▲ 126% |
| Trade debts44 | €229,694 | €486,371 | €386,211 | €47,522 | €296,516 | ▲ 524% |
| Suppliers440/4 | €229,694 | €486,371 | €386,211 | €47,522 | €296,516 | ▲ 524% |
| Taxes, remuneration and social security45 | €137,152 | €199,491 | €64,392 | €119,485 | €57,932 | ▼ 51.5% |
| Taxes450/3 | €88,333 | €154,539 | €6,286 | €63,143 | €257 | ▼ 99.6% |
| Remuneration and social security454/9 | €48,820 | €44,953 | €58,107 | €56,342 | €57,675 | ▲ 2.4% |
| Other amounts payable47/48 | €526,993 | €352,789 | €451,826 | €911,842 | €803,474 | ▼ 11.9% |
| Accrued charges and deferred income492/3 | €257,872 | €0 | - | €357,903 | €314,540 | ▼ 12.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €221,895 | €802,427 | -€53,318 | €218,406 | -€145,436 | ▼ 167% |
| + Depreciation and write-downs630 | €1.7m | €1.5m | €1.9m | €1.8m | €2.0m | ▲ 9.1% |
| Operating cash flow (approximation) | €1.9m | €2.4m | €1.8m | €2.0m | €1.8m | ▼ 9.8% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€3.8m | -€2.7m | -€4.0m | ▼ 45.9% |
| Change in cash | - | -€70,261 | -€10,795 | €407,224 | -€420,830 | ▼ 203% |
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
04-08
State Gazette act
Reappointments: Jef Leys (director) and Tine Leys (director)8 facts ▸
State Gazette act
Reappointments: Jef Leys (director) and Tine Leys (director)
8 facts ▸
- General meeting, 29-06-2026
- Director reappointment, Jef Leys (director)
- Director reappointment, Tine Leys (director)
- Board meeting, 29-06-2026
- Director reappointment, Jef Leys (managing director)
- Director reappointment, Tine Leys (managing director)
- Board composition, Jef Leys ((gedelegeerd) bestuurder)
- Board composition, Tine Leys ((gedelegeerd) bestuurder)
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €218,406
Net result €218,406 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €802,427 ▲262%
Operating result €993,862, net result €802,427, both a record.
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 40 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
31-12
Financial
Back to profitnet €595,333
Net result €595,333 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, 2 in day-to-day management, last change in 2026
Day-to-day management 2
Jef Leys
CurrentManaging director · since 29-06-2026
Tine Leys
CurrentManaging director · since 29-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
11 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1999
Ground area
1,317 m²
Building footprint
777 m²
Parcel 11012A0283/00W000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Bisschoppenhoflaan 535, 2100 Antwerpen
since 19992.017.093.818
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0283/00W000 | Flanders | 1,317 m² | 1 · 777 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.
Mandate history
2 people since 2026, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Jef Leys |
|
| Tine Leys |
|
Articles of association
Who signs
Two directors jointly
Structure & network
Owners and holdings
1 ownerChain of control
- GROEP LEYS
- Desim
Highest known parent: GROEP LEYS. The sources do not say who stands above it.
Owners 1
- GROEP LEYSparentSourceaccounts GROEP LEYS 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,374 EUR awarded · 2,374 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 199 EUR | 199 EUR |
| 2024 | 1 | 188 EUR | 188 EUR |
| 2023 | 1 | 1,293 EUR | 1,793 EUR |
| 2022 | 1 | 694 EUR | 194 EUR |
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Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 2,822 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-11-1979
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420007228
Registered
04-04-2025
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.