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Desmet Projects

Active
Private limited companyfounded 20242 yrs activeProvinciebaan 186, 8880 Ledegem, BelgiumKBO/BCE: BE 1005.693.624
Summary

The computed 12-month bankruptcy probability of Desmet Projects is 2.5% (moderate). The 2025 annual accounts show equity of €30,629 and a net result of €26,462. Its solvency ranks better than 82% of 28254 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability100
Solvency100
Growth-
Track record67
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 4.43; short-term debt: 22.2% and cash: 18.4% of total assets), and 22.5% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 17-11-2025, 17 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 · 1 filing
Deviation from the deadline
2025
17 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

On 6 February 2024, Desmet Projects was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€30,629
Total assets
€39,532
Net result
€26,462
Working capital
€30,055

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

Balance-sheet composition
Assets €39,532
Fixed assets €720
Current assets €38,812
Equity and liabilities €39,532
Equity €30,629
Debt €8,903
Debt finances 22.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€34,161
Cash flow
€26,890
Current ratio
4.43
Quick ratio
4.18
Debt to equity
0.29
ROE
86.4%
ROA
66.9%
Interest coverage
123.25
Debt ≤ 1 year
€8,757
Income taxes
€7,032

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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
Filed annual accounts As filed with the NBB · 2025 · 42 lines
Balance sheet Code2025
Assets
Total assets20/58€39,532
Fixed assets21/28€720
Tangible fixed assets22/27€720
Furniture and vehicles24€720
Current assets29/58€38,812
Stocks and contracts in progress3€2,175
Stocks30/36€2,175
Amounts receivable within one year40/41€29,344
Trade receivables40€23,178
Other amounts receivable41€6,166
Cash at bank and in hand54/58€7,293
Equity and liabilities
Total equity and liabilities10/49€39,532
Equity10/15€30,629
Contributions10/11€5,000
Reserves13€25,629
Distributable reserves133€25,629
Profit (loss) carried forward14€0
Amounts payable17/49€8,903
Amounts payable within one year42/48€8,757
Trade debts44€7,924
Suppliers440/4€7,924
Taxes, remuneration and social security45€250
Taxes450/3€250
Other amounts payable47/48€583
Accrued charges and deferred income492/3€146
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€428
Other operating charges640/8€508
Gross operating margin9900€34,669
Operating profit (loss)9901€33,734
Financial income75/76B€38
Recurring financial income75€38
Financial charges65/66B€277
Recurring financial charges65€277
Profit (loss) for the period before taxes9903€33,494
Income taxes67/77€7,032
Profit (loss) for the period9904€26,462
Profit (loss) for the period to be appropriated9905€26,462
Appropriation of the result
Profit (loss) to be appropriated9906€26,462
Transfer to equity691/2€25,629
To other reserves6921€25,629
Profit to be distributed694/7€833
Return on contributions (dividend)694€833

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

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€428
Other operating charges640/8€508
Gross operating margin9900€34,669
Operating profit (loss)9901€33,734
Financial income75/76B€38
Recurring financial income75€38
Financial charges65/66B€277
Recurring financial charges65€277
Profit (loss) for the period before taxes9903€33,494
Income taxes67/77€7,032
Profit (loss) for the period9904€26,462
Profit (loss) for the period to be appropriated9905€26,462
Line2025
Assets
Total assets20/58€39,532
Fixed assets21/28€720
Tangible fixed assets22/27€720
Furniture and vehicles24€720
Current assets29/58€38,812
Stocks and contracts in progress3€2,175
Stocks30/36€2,175
Amounts receivable within one year40/41€29,344
Trade receivables40€23,178
Other amounts receivable41€6,166
Cash at bank and in hand54/58€7,293
Equity and liabilities
Total equity and liabilities10/49€39,532
Equity10/15€30,629
Contributions10/11€5,000
Reserves13€25,629
Distributable reserves133€25,629
Profit (loss) carried forward14€0
Amounts payable17/49€8,903
Amounts payable within one year42/48€8,757
Trade debts44€7,924
Suppliers440/4€7,924
Taxes, remuneration and social security45€250
Taxes450/3€250
Other amounts payable47/48€583
Accrued charges and deferred income492/3€146
Line2025
Profit (loss) for the period9904€26,462
+ Depreciation and write-downs630€428
Operating cash flow (approximation)€26,890

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
17-11
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
NBB filing

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Ledegem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
655 m²
Building footprint
141 m²
Volume, LiDAR
679 m³
Parcel 36010A0224/00D002, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Desmet Projects
Provinciebaan 186, 8880 LedegemManufacture of other builders' carpentry and joinery
since 20242.355.618.769
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36010A0224/00D002 Flanders 655 m² 1 · 141 m² 8.2 m · 2 fl.
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.

Similar companies · same sector, comparable size

Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 6,827 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded06-02-2024
Fiscal year end31-03
Activities, NACEBEL 2025
43320Joinery installation
16230Manufacture of other builders' carpentry and joinery
25530Machining of metals
25999Manufacture of fabricated metal products, except machinery and equipment
31004Manufacture of dining room, living room, bedroom and bathroom furniture
33120Repair and maintenance of machinery
Contact
E-mail desmetprojects@outlook.com
Phone 0477624951Ledegem
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005693624
Also 9925:BE1005693624
Registered 22-04-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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