DESMAN
ActiveSummary
The computed 12-month bankruptcy probability of DESMAN is 1.9% (moderate). The 2025 annual accounts show equity of €51,019 and a net result of €43,978. Its solvency ranks better than 26% of 34,972 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-06-2023 Normal situation
- Activity
- Joinery installation NACE 43320and 1 other
- Establishment unit
- 2.345.871.061 8800 Roeselare, since 07-06-2023
- Financial year end
- 31 March
- Peppol
- Reachable since 10-11-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.9%
- Gross margin
- €79,461
- ▲ 423%
- Turnover
- ≈ €310,000
- estimated
- Profit
- €43,978
- ▲ 987%
- Equity
- €51,019
- ▲ 624%
- Total assets
- €212,295
- ▲ 105%
- 2026 accounts not filed, 4 days past the deadline
Score breakdownraises riskFounded in 2023Figures for financial year 2025 (filed on 28-10-2025)1 financial year not filed after the legal deadlinelowers riskLiquidity: current ratio 1.23, cash €26,054Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 26% of them on solvency, 26% on liquidity, 81% on profitability and 99% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 3 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 28-10-2025 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is 8.7 times that of 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 31-03-2024 | 31-03-2025 |
|---|---|---|
| Tangible fixed assets | €48,969 | €44,649 |
| Depreciation and write-downs of the year | €6,798 | €17,930 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €2,847 awarded · €2,847 paid| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,798 | €17,930 | ▲ 164% |
| Other operating charges640/8 | €1,424 | €1,063 | ▼ 25.4% |
| Gross operating margin9900 | €15,205 | €79,461 | ▲ 423% |
| Operating profit (loss)9901 | €6,982 | €60,469 | ▲ 766% |
| Financial income75/76B | - | €198 | - |
| Recurring financial income75 | - | €198 | - |
| Financial charges65/66B | €452 | €5,013 | ▲ 11× |
| Recurring financial charges65 | €452 | €5,013 | ▲ 11× |
| Profit (loss) for the period before taxes9903 | €6,531 | €55,654 | ▲ 752% |
| Income taxes67/77 | €2,483 | €11,675 | ▲ 370% |
| Profit (loss) for the period9904 | €4,047 | €43,978 | ▲ 987% |
| Profit (loss) for the period to be appropriated9905 | €4,047 | €43,978 | ▲ 987% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €103,703 | €212,295 | ▲ 105% |
| Fixed assets21/28 | €42,171 | €68,884 | ▲ 63.3% |
| Tangible fixed assets22/27 | €42,171 | €68,884 | ▲ 63.3% |
| Plant, machinery and equipment23 | €11,176 | €8,750 | ▼ 21.7% |
| Furniture and vehicles24 | €30,995 | €28,349 | ▼ 8.5% |
| Leasing and similar rights25 | - | €31,784 | - |
| Current assets29/58 | €61,533 | €143,412 | ▲ 133% |
| Stocks and contracts in progress3 | €8,526 | €7,713 | ▼ 9.5% |
| Stocks30/36 | €1,226 | €2,681 | ▲ 119% |
| Contracts in progress37 | €7,300 | €5,032 | ▼ 31.1% |
| Amounts receivable within one year40/41 | €32,692 | €83,228 | ▲ 155% |
| Trade receivables40 | €19,785 | €76,476 | ▲ 287% |
| Other amounts receivable41 | €12,907 | €6,751 | ▼ 47.7% |
| Cash at bank and in hand54/58 | €16,115 | €26,054 | ▲ 61.7% |
| Deferred charges and accrued income490/1 | €4,199 | €26,418 | ▲ 529% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €103,703 | €212,295 | ▲ 105% |
| Equity10/15 | €7,047 | €51,019 | ▲ 624% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | €4,047 | €48,019 | ▲ 12× |
| Distributable reserves133 | €4,047 | €48,019 | ▲ 12× |
| Amounts payable17/49 | €96,656 | €161,276 | ▲ 66.9% |
| Amounts payable after more than one year17 | €26,891 | €44,326 | ▲ 64.8% |
| Financial debts170/4 | €26,891 | €44,326 | ▲ 64.8% |
| Amounts payable within one year42/48 | €65,843 | €116,950 | ▲ 77.6% |
| Current portion of amounts payable after more than one year42 | €10,465 | €16,747 | ▲ 60.0% |
| Financial debts43 | - | €1,693 | - |
| Credit institutions430/8 | - | €1,693 | - |
| Trade debts44 | €35,998 | €61,420 | ▲ 70.6% |
| Suppliers440/4 | €35,998 | €61,420 | ▲ 70.6% |
| Taxes, remuneration and social security45 | €52 | €11,404 | ▲ 218× |
| Taxes450/3 | €52 | €8,819 | ▲ 169× |
| Remuneration and social security454/9 | - | €2,586 | - |
| Other amounts payable47/48 | €19,328 | €25,686 | ▲ 32.9% |
| Accrued charges and deferred income492/3 | €3,922 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4,047 | €43,978 | ▲ 987% |
| + Depreciation and write-downs630 | €6,798 | €17,930 | ▲ 164% |
| Operating cash flow (approximation) | €10,846 | €61,908 | ▲ 471% |
| Investment in fixed assets (approximation) | - | -€44,642 | - |
| Change in cash | - | €9,938 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,976 companies had the same profile as DESMAN has now. Two years later, 94.4% were still going and 3.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DESMAN itself: 1.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for DESMAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- DESMET Jan Paul Robrecht 108 shares
- CHOQUE Pauline Monique Louisette 12 shares
Capital transactions
- 09-06-2023 Incorporation · €3,000
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Benoeming-Ontslag, 1”
Articles of association, deed of 09-06-2023 (in Dutch)
Network & group
DESMAN shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of DESMAN. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
09-06
Gazette deed
IncorporationStarting capital €3,000 · Appointment: DESMET Jan Paul Robrecht (director) · Founder · Bank account10 points ▸
- Incorporation, 02-06-2023
- Founder, DESMET Jan Paul Robrecht
- Founder, CHOQUE Pauline Monique Louisette
- Bank account, 3000, “vóór de oprichting” (deed in Dutch)
- Founding capital, €3,000
- Capital, €3,000
- Registered office clause, “Hoogstraat 83 te 8800 Roeselare” (deed in Dutch)
- Pre-incorporation commitments, “takeover, rechten en verbintenissen uit rechtshandelingen in naam en voor rekening voor oprichting” (deed in Dutch)
- Director appointment, DESMET Jan Paul Robrecht (director)
- Other provision, “afwezigheid beroepsverbod, geen beroepsverbod uitgesproken” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
DESMAN was incorporated on 7 June 2023 as a private limited company by two natural persons, with a starting capital of €3,000.12 DESMET Jan Paul Robrecht is director of the company, appointed in the act of 09-06-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0802.511.682
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36302B1020/00A003 | Flanders | 784 m² | 1 · 152 m² | 11.6 m · 2 |