DESMET
ActiveDESMET has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €452k and a net result of €41k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 67% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
86
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability45▼-16
Solvency99▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 2.15 in 2023), and 38.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
32 d early
2022
34 d early
2021
34 d early
2020
35 d early
2019
37 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€452k▲ 9.9%
2023 · €411k
2018: €269k
2019: €273k
2020: €288k
2021: €310k
2022: €361k
2023: €411k
2018 → 2024
Total assets
€730k▲ 6.8%
2023 · €684k
2018: €537k
2019: €529k
2020: €557k
2021: €583k
2022: €630k
2023: €684k
2018 → 2024
Net result
€41k▼ 19.2%
2023 · €51k
2018: €29k
2019: €4k
2020: €15k
2021: €22k
2022: €51k
2023: €51k
2018 → 2024
Working capital
€360k▲ 18.9%
2023 · €303k
2018: €180k
2019: €173k
2020: €211k
2021: €223k
2022: €282k
2023: €303k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€288k-€310k▲ 7.5%€361k▲ 16.6%€411k▲ 14.0%€452k▲ 9.9%
Operating result€19k-€26k▲ 35.6%€72k▲ 175%€84k▲ 16.1%€74k▼ 12.2%
Net result€15k-€22k▲ 44.4%€51k▲ 136%€51k▼ 1.4%€41k▼ 19.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 12% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €730k
Fixed assets
€105k▼ 10.0%
Current assets
€625k▲ 10.3%
Equity and liabilities €730k
Equity
€452k▲ 9.9%
Debt
€278k▲ 2.1%
The debt ratio falls from 39.8% to 38.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€102k▼
2023 · €115k
Cash flow
€69k▼
2023 · €82k
Solvency
61.9%▲
2023 · 60.2%
Current ratio
2.36▲
2023 · 2.15
Quick ratio
1.49▲
2023 · 1.26
Debt / equity
0.62▼
2023 · 0.66
ROE
9.0%▼
2023 · 12.3%
ROA
5.6%▼
2023 · 7.4%
Interest coverage
5.42▼
2023 · 9.48
Debt
€278k▲
2023 · €272k
Debt ≤ 1 year
€265k▲
2023 · €264k
Income taxes
€16k▼
2023 · €24k
Staff costs
€96k▼
2023 · €111k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€684k€730k▲
Fixed assets21/28€117k€105k▼
Tangible fixed assets22/27€117k€105k▼
Land and buildings22€9k€7k▼
Plant, machinery and equipment23€99k€93k▼
Furniture and vehicles24€9k€5k▼
Current assets29/58€567k€625k▲
Stocks and contracts in progress3€234k€229k▼
Stocks30/36€234k€229k▼
Amounts receivable within one year40/41€61k€22k▼
Trade receivables40€39k€18k▼
Other amounts receivable41€21k€4k▼
Cash at bank and in hand54/58€266k€359k▲
Deferred charges and accrued income490/1€6k€15k▲
Equity and liabilities
Total equity and liabilities10/49€684k€730k▲
Equity10/15€411k€452k▲
Contributions10/11€241k€241k=
Capital10€241k€241k=
Issued capital100€241k€241k=
Reserves13€163k€203k▲
Non-distributable reserves130/1€24k€24k=
Legal reserve130€24k€24k=
Distributable reserves133€138k€179k▲
Profit (loss) carried forward14€8k€8k=
Amounts payable17/49€272k€278k▲
Amounts payable within one year42/48€264k€265k▲
Trade debts44€13k€8k▼
Suppliers440/4€13k€8k▼
Advances received on contracts in progress46€9k€7k▼
Taxes, remuneration and social security45€14k€19k▲
Taxes450/3€7k€11k▲
Remuneration and social security454/9€7k€8k▲
Other amounts payable47/48€228k€232k▲
Accrued charges and deferred income492/3€8k€13k▲
Income statement
Code20232024
Non-recurring operating income76A€0€1k▲
Remuneration, social security and pensions62€111k€96k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€28k▼
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A-€91
Gross operating margin9900€230k€201k▼
Operating profit (loss)9901€84k€74k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€12k€19k▲
Recurring financial charges65€12k€19k▲
Profit (loss) for the period before taxes9903€74k€57k▼
Income taxes67/77€24k€16k▼
Profit (loss) for the period9904€51k€41k▼
Profit (loss) for the period to be appropriated9905€51k€41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€48k▼
Profit (loss) brought forward from the previous period14P€8k€8k=
Transfer to equity691/2€51k€41k▼
To other reserves6921€51k€41k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €51k ▲136%
Net result €51k, the highest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €4k ▼86.4%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
DESMET Günther
CurrentSole director · since 04-07-2025
04-07-2025
DESMET Günther: Resigned as Director
04-07-2025
DESMET Günther: Appointed as Sole director
04-07-2025
LAMBRECHTS Madi: Resigned as Director
Location & real-estate footprint
Registered office, Pajottegem · 1 establishment unit since 1993
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.
Bloemendaelstraat(HN) 101540 PajottegemGround area
8,669 m²
Building footprint
5,020 m²
Volume, LiDAR
23,603 m³
Parcel 23032I0612/00T002, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DESMET NV
since 19932.062.013.528
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23032I0612/00T002 | Flanders | 8,669 m² | 1 · 5,020 m² | 9.9 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.
Similar companies · same sector, comparable size
HOME CONCEPT OH
BE 0629.905.429
La Bruyère · Eq €452k
Q - LINAIR
BE 0454.022.356
Anzegem · Eq €453k
D - INTERIEUR
BE 0463.050.284
Estaimpuis · Eq €451k
CHECK WORKS
BE 0766.260.111
Maaseik · Eq €450k
CH-Construct
BE 0808.130.655
Assenede · Eq €450k
Of 19,948 companies in sector 43320 we hold annual accounts for 9,082. 6,154 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-04-1993
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.