DESMET TECHNICS
ActiveSummary
DESMET TECHNICS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €128k and a net result of €35k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 87% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+71
Solvency100▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 5.22 against 3.38 in 2023; short-term debt: 18.6% and cash: 14.3% of total assets), and 18.6% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 29-07-2025, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
30 d late
2022
2 d late
2021
77 d late
2020
30 d late
2019
41 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, micro schema
Equity
€128k▲ 37.8%
2023 · €93k
Total assets
€158k▲ 19.4%
2023 · €132k
Net result
€35k
2023 · €-414
Working capital
€124k▲ 33.8%
2023 · €92k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€32k▲ 35.7%€43k▲ 33.5%€30k▼ 30.5%€3k▼ 89.0%€51k▲ 1,450%
Net result€23k▲ 52.6%€29k▲ 25.9%€19k▼ 33.0%€-414€35k
Equity€46k▲ 99.6%€74k▲ 62.9%€93k▲ 25.9%€93k▼ 0.4%€128k▲ 37.8%
Total assets€92k▲ 48.9%€152k▲ 65.0%€134k▼ 11.8%€132k▼ 1.2%€158k▲ 19.4%
Debt€46k▲ 19.1%€77k▲ 67.1%€40k▼ 48.1%€39k▼ 3.1%€29k▼ 24.5%
Working capital€44k▲ 68.5%€72k▲ 64.1%€93k▲ 27.7%€92k▼ 0.1%€124k▲ 33.8%
Staff (FTE)10.9
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,450% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €158k
Fixed assets
€5k ▲ 584%
Current assets
€153k ▲ 16.5%
Equity and liabilities €158k
Equity
€128k ▲ 37.8%
Debt
€29k ▼ 24.5%
Debt's share of the balance-sheet total falls from 29.5% to 18.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▲
2023 · €4k
Cash flow
€36k▲
2023 · €-126
Current ratio
5.22▲
2023 · 3.38
Debt to equity
0.23▼
2023 · 0.42
ROE
27.4%▲
2023 · -0.4%
ROA
22.3%▲
2023 · -0.3%
Interest coverage
17.51▲
2023 · 0.90
Debt ≤ 1 year
€29k▼
2023 · €39k
Income taxes
€15k▲
2023 · €1k
Staff costs
€8k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €34k | €3k | €8k | ▲ 172% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €887 | €288 | €880 | ▲ 206% |
| Other operating charges640/8 | - | €3k | €745 | €3k | €1k | ▼ 60.3% |
| Gross operating margin9900 | €35k | €47k | €65k | €10k | €61k | ▲ 513% |
| Operating profit (loss)9901 | €32k | €43k | €30k | €3k | €51k | ▲ 1,450% |
| Financial income75/76B | - | €3k | €1k | €2k | €2k | ▲ 56.8% |
| Recurring financial income75 | €3k | €3k | €1k | €2k | €2k | ▲ 56.8% |
| Financial charges65/66B | - | €2k | €3k | €4k | €3k | ▼ 25.6% |
| Recurring financial charges65 | €239 | €2k | €3k | €4k | €3k | ▼ 25.6% |
| Profit (loss) for the period before taxes9903 | €35k | €45k | €28k | €809 | €50k | ▲ 6,131% |
| Income taxes67/77 | €13k | €16k | €9k | €1k | €15k | ▲ 1,143% |
| Profit (loss) for the period9904 | €23k | €29k | €19k | €-414 | €35k | ▲ 8,604% |
| Profit (loss) for the period to be appropriated9905 | €23k | €29k | €19k | €-414 | €35k | ▲ 8,604% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €92k | €152k | €134k | €132k | €158k | ▲ 19.4% |
| Fixed assets21/28 | €1k | €2k | €959 | €671 | €5k | ▲ 584% |
| Tangible fixed assets22/27 | €1k | €2k | €959 | €671 | €5k | ▲ 584% |
| Plant, machinery and equipment23 | - | €2k | €959 | €671 | €384 | ▼ 42.9% |
| Furniture and vehicles24 | - | - | - | - | €4k | - |
| Current assets29/58 | €90k | €150k | €133k | €131k | €153k | ▲ 16.5% |
| Amounts receivable after more than one year29 | - | - | €50k | €50k | €50k | = |
| Other amounts receivable291 | - | - | €50k | €50k | €50k | = |
| Amounts receivable within one year40/41 | €78k | €143k | €22k | €39k | €50k | ▲ 30.5% |
| Trade receivables40 | - | €60k | €22k | €23k | €36k | ▲ 57.3% |
| Other amounts receivable41 | - | €83k | - | €16k | €14k | ▼ 8.4% |
| Cash at bank and in hand54/58 | €13k | €5k | €21k | €11k | €23k | ▲ 114% |
| Deferred charges and accrued income490/1 | - | €2k | €41k | €33k | €30k | ▼ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €92k | €152k | €134k | €132k | €158k | ▲ 19.4% |
| Equity10/15 | €46k | €74k | €93k | €93k | €128k | ▲ 37.8% |
| Contributions10/11 | €8k | €8k | €8k | €8k | €8k | = |
| Capital10 | - | €8k | €8k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Uncalled capital101 | - | €11k | €11k | - | - | - |
| Outside capital11 | - | - | - | €8k | €8k | = |
| Other1109/19 | - | - | - | €8k | €8k | = |
| Reserves13 | €38k | €66k | €85k | €85k | €120k | ▲ 40.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €64k | €84k | €84k | €118k | ▲ 41.6% |
| Profit (loss) carried forward14 | €-2k | - | - | €-414 | - | - |
| Amounts payable17/49 | €46k | €77k | €40k | €39k | €29k | ▼ 24.5% |
| Amounts payable within one year42/48 | €46k | €77k | €40k | €39k | €29k | ▼ 24.5% |
| Trade debts44 | €4k | €18k | €4k | €13k | €5k | ▼ 63.5% |
| Suppliers440/4 | - | €18k | €4k | €13k | €5k | ▼ 63.5% |
| Taxes, remuneration and social security45 | - | €59k | €36k | €26k | €25k | ▼ 4.8% |
| Taxes450/3 | - | €59k | €35k | €24k | €19k | ▼ 20.0% |
| Remuneration and social security454/9 | - | - | €1k | €2k | €6k | ▲ 159% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €29k | €19k | €-414 | €35k | ▲ 8,604% |
| + Depreciation and write-downs630 | €1k | €1k | €887 | €288 | €880 | ▲ 206% |
| Operating cash flow (approximation) | €24k | €30k | €20k | €-126 | €36k | ▲ 28,701% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €0 | €-5k | - |
| Change in cash | - | €-8k | €16k | €-10k | €12k | ▲ 217% |
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
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
31-12
Financial
Equity above €100kEq €128k ▲37.8%
Equity rises from €93k to €128k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Hasselt · 1 establishment unit since 2016
Ground area
1,909 m²
Building footprint
261 m²
Volume, LiDAR
1,423 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DESMET TECHNICS
since 20162.254.084.416
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0725/00M000 | Flanders | 987 m² | 1 · 115 m² | 10.2 m · 2 fl. |
| 23081A0134/00E000 | Flanders | 922 m² | 1 · 147 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2025 · 1 entry · 2,618 EUR awarded · 2,618 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,618 EUR | 2,618 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,666. 4,928 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 (pre-2019)
Founded09-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
33120Repair and maintenance of machinery
43212Electrical installation work in industrial facilities
Scores and ratios are computed by Checked and are not a credit decision.