Desmedt Putboringen

Active

Private limited companyfounded 20224 yrs activeWortegemsesteenweg 47, 8570 Anzegem, BelgiumKBO/BCE: BE 0787.367.509

Summary

The computed 12-month bankruptcy probability of Desmedt Putboringen is 2.6% (moderate). The 2024 annual accounts show equity of €50k and a net result of €37k. Its solvency ranks better than 17% of 5894 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

46 / 100

Fair

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

Axes · tick = 2023

Profitability76▲+5

Solvency33▲+6

Growth78

Track record94

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity short (current ratio 0.52 against 0.55 in 2023; short-term debt: 67.8% and cash: 7.1% of total assets), and 91.7% 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

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

+raises risk○neutral

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

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

8.3%

Return on assets

6.1%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5894 sector peers (2024).

NBB · sector comparison

Position among 5894 sector peers

Solvency

better than 17%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

42 d early

2023

62 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

€50k▲ 234%

2023 · €15k

2023: €15k

2023 → 2024

Total assets

€605k▼ 17.0%

2023 · €729k

2023: €729k

2023 → 2024

Net result

€37k▲ 239%

2023 · €11k

2023: €11k

2023 → 2024

Working capital

€-196k▲ 18.3%

2023 · €-240k

2023: €-240k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€15k-€50k▲ 234%

Operating result€22k-€63k▲ 181%

Net result€11k-€37k▲ 239%

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

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 181% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €605k

64.7%

35.3%

Fixed assets €391k ▼ 10.8%

Current assets €214k ▼ 26.4%

Equity and liabilities €605k

91.7%

Equity €50k ▲ 234%

Debt €555k ▼ 22.3%

Debt's share of the balance-sheet total falls from 97.9% to 91.7%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€200k▲

2023 · €192k

Cash flow

€174k▼

2023 · €180k

Current ratio

0.52▼

2023 · 0.55

Debt to equity

11.09▼

2023 · 47.63

ROE

73.5%▲

2023 · 72.2%

ROA

6.1%▲

2023 · 1.5%

Interest coverage

11.42▼

2023 · 16.89

Debt ≤ 1 year

€410k▼

2023 · €530k

Debt > 1 year

€144k▼

2023 · €183k

Income taxes

€9k▲

2023 · €225

Staff costs

€41k▼

2023 · €76k

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 · 52 lines

Balance sheet Code20232024

Assets

Total assets20/58€729k€605k▼

Fixed assets21/28€439k€391k▼

Tangible fixed assets22/27€439k€391k▼

Plant, machinery and equipment23€259k€237k▼

Furniture and vehicles24€98k€74k▼

Leasing and similar rights25€81k€61k▼

Other tangible fixed assets26-€19k

Current assets29/58€290k€214k▼

Amounts receivable within one year40/41€260k€156k▼

Trade receivables40€243k€135k▼

Other amounts receivable41€17k€21k▲

Cash at bank and in hand54/58€26k€43k▲

Deferred charges and accrued income490/1€4k€15k▲

Equity and liabilities

Total equity and liabilities10/49€729k€605k▼

Equity10/15€15k€50k▲

Contributions10/11€5k€5k=

Reserves13€10k€45k▲

Distributable reserves133€10k€45k▲

Profit (loss) carried forward14€0€0=

Amounts payable17/49€714k€555k▼

Amounts payable after more than one year17€183k€144k▼

Financial debts170/4€183k€144k▼

Amounts payable within one year42/48€530k€410k▼

Current portion of amounts payable after more than one year42€89k€94k▲

Trade debts44€119k€17k▼

Suppliers440/4€119k€17k▼

Taxes, remuneration and social security45€14k€17k▲

Taxes450/3€10k€12k▲

Remuneration and social security454/9€4k€5k▲

Other amounts payable47/48€308k€282k▼

Accrued charges and deferred income492/3€301€1k▲

Income statement Code20232024

Non-recurring operating income76A€5k€0▼

Remuneration, social security and pensions62€76k€41k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€169k€137k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k

Other operating charges640/8€4k€2k▼

Non-recurring operating charges66A€2k€0▼

Gross operating margin9900€273k€247k▼

Operating profit (loss)9901€22k€63k▲

Financial income75/76B€26€49▲

Recurring financial income75€26€49▲

Financial charges65/66B€11k€18k▲

Recurring financial charges65€11k€18k▲

Profit (loss) for the period before taxes9903€11k€45k▲

Income taxes67/77€225€9k▲

Profit (loss) for the period9904€11k€37k▲

Profit (loss) for the period to be appropriated9905€11k€37k▲

Appropriation of the result

Profit (loss) to be appropriated9906€11k€37k▲

Transfer to equity691/2€10k€35k▲

To other reserves6921€10k€35k▲

Profit to be distributed694/7€833€2k▲

Return on contributions (dividend)694€833€2k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

19-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

NBB filing

Directors · office · real estate

Directors

1 act for this company is 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, Anzegem · 1 establishment unit since 2022

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.

Wortegemsesteenweg 478570 Anzegem

Ground area

375 m²

Building footprint

86 m²

Volume, LiDAR

571 m³

Parcel 34002C0070/00C000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Desmedt Putboringen

Wortegemsesteenweg 47, 8570 AnzegemManufacture of machinery and equipment not elsewhere classified

since 20222.332.545.340

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34002C0070/00C000	Flanders	375 m²	1 · 86 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 2024 · 4 entries · 2,086 EUR awarded · 1,996 EUR paid

Year	Entries	awarded	paid
2024	1	90 EUR	0 EUR
2023	2	1,714 EUR	1,996 EUR
2022	1	282 EUR	0 EUR

Schemes

Subsidies ecologisch en veilig transport (stopgezet)

1 entry · 1,500 EUR · 1,500 EUR paid · Departement Mobiliteit en Openbare Werken

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

3 entries · 586 EUR · 496 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Sint-Lievens-Houtem · Eq €50,041

H.D. GARDEN

BE 1003.438.274

Anderlecht · Eq €49,971

Sint-Laureins · Eq €50,083

Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,601 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

Founded17-06-2022

Fiscal year end31-12

Activities, NACEBEL 2025

43120Site preparation

81300Landscape service activities

42219Civil engineering

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

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