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DESOETE

Active
Private limited companyfounded 198837 yrs activeRostynedreef 33, 9880 Aalter, BelgiumKBO/BCE: BE 0435.809.221
Summary

DESOETE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €289,566 and a net result of €33,192. Equity remains stable across the filed fiscal years (±1.4% per year). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability82▲+9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 12.13 against 17.33 in 2024; short-term debt: 7% and cash: 14.7% of total assets), and 9.9% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 37 years 0 40 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
90.1%
Return on assets
10.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 d early
2024
23 d early
2023
29 d early
2022
30 d late
2021
58 d late
2020
9 d late
2019
32 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 2 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 8 July (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
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 10 November 1988, DESOETE was incorporated.1 Total assets went from EUR 285,163 in 2018 to EUR 321,248 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€289,566▼ 10.3%
2024 · €322,903
Total assets
€321,248▼ 6.2%
2024 · €342,526
Net result
€33,192▲ 193%
2024 · €11,311
Working capital
€248,776▼ 22.4%
2024 · €320,461
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€19,279▼ 33.1%€32,222▲ 67.1%€73,743▲ 129%€31,110▼ 57.8%€45,114▲ 45.0%
Net result€8,611▼ 66.9%€23,616▲ 174%€61,079▲ 159%€11,311▼ 81.5%€33,192▲ 193%
Equity€282,301▼ 0.3%€284,590▲ 0.8%€319,672▲ 12.3%€322,903▲ 1.0%€289,566▼ 10.3%
Total assets€287,287▼ 2.8%€312,927▲ 8.9%€359,230▲ 14.8%€342,526▼ 4.6%€321,248▼ 6.2%
Debt€4,987▼ 59.9%€28,337▲ 468%€39,558▲ 39.6%€19,623▼ 50.4%€31,682▲ 61.5%
Working capital€273,552▲ 4.7%€278,635▲ 1.9%€315,473▲ 13.2%€320,461▲ 1.6%€248,776▼ 22.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000€80,000Operating result 2021: €19,279€19,279Net result 2021: €8,611€8,611Operating result 2022: €32,222€32,222Net result 2022: €23,616€23,616Operating result 2023: €73,743€73,743Net result 2023: €61,079€61,079Operating result 2024: €31,110€31,110Net result 2024: €11,311€11,311Operating result 2025: €45,114€45,114Net result 2025: €33,192€33,19220212022202320242025€0€20,000€40,000€60,000€80,000Operating result 2023: €73,743€73,700Net result 2023: €61,079€61,100Operating result 2024: €31,110€31,100Net result 2024: €11,311€11,300Operating result 2025: €45,114€45,100Net result 2025: €33,192€33,200202320242025
The operating result recovers in 2025; 2025 is 45% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €321,248
Fixed assets €50,113 ▲ 1,952%
Current assets €271,135 ▼ 20.3%
Equity and liabilities €321,248
Equity €289,566 ▼ 10.3%
Debt €31,682 ▲ 61.5%
Debt's share of the balance-sheet total rises from 5.7% to 9.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€50,103▲
2024 · €32,867
Cash flow
€38,181▲
2024 · €13,067
Current ratio
12.13▼
2024 · 17.33
Debt to equity
0.11▲
2024 · 0.06
ROE
11.5%▲
2024 · 3.5%
ROA
10.3%▲
2024 · 3.3%
Interest coverage
26.60▲
2024 · 13.67
Debt ≤ 1 year
€22,359▲
2024 · €19,623
Debt > 1 year
€9,323
Income taxes
€16,655▼
2024 · €24,636
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,371 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 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€342,526€321,248▼
Fixed assets21/28€2,442€50,113▲
Tangible fixed assets22/27€2,442€50,113▲
Plant, machinery and equipment23€1,815€630▼
Furniture and vehicles24-€49,428
Other tangible fixed assets26€627€55▼
Current assets29/58€340,084€271,135▼
Amounts receivable after more than one year29€225,000€195,000▼
Other amounts receivable291€225,000€195,000▼
Amounts receivable within one year40/41€28,119€6,938▼
Trade receivables40-€2,639
Other amounts receivable41€28,119€4,298▼
Current investments50/53€44,512€19,221▼
Cash at bank and in hand54/58€37,314€47,104▲
Deferred charges and accrued income490/1€5,140€2,873▼
Equity and liabilities
Total equity and liabilities10/49€342,526€321,248▼
Equity10/15€322,903€289,566▼
Contributions10/11€30,987€30,987=
Reserves13€291,917€258,579▼
Distributable reserves133€291,917€258,579▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€19,623€31,682▲
Amounts payable after more than one year17-€9,323
Financial debts170/4-€9,323
Amounts payable within one year42/48€19,623€22,359▲
Current portion of amounts payable after more than one year42-€9,868
Trade debts44€2,944€1,193▼
Suppliers440/4€2,944€1,193▼
Taxes, remuneration and social security45€8,600€9,631▲
Taxes450/3€8,600€9,631▲
Other amounts payable47/48€8,079€1,666▼
Income statement Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,757€4,989▲
Other operating charges640/8€668€688▲
Gross operating margin9900€33,535€50,791▲
Operating profit (loss)9901€31,110€45,114▲
Financial income75/76B€7,242€6,616▼
Recurring financial income75€7,242€6,616▼
Financial charges65/66B€2,405€1,883▼
Recurring financial charges65€2,405€1,883▼
Profit (loss) for the period before taxes9903€35,947€49,847▲
Income taxes67/77€24,636€16,655▼
Profit (loss) for the period9904€11,311€33,192▲
Profit (loss) for the period to be appropriated9905€11,311€33,192▲
Appropriation of the result
Profit (loss) to be appropriated9906€11,311€33,192▲
Transfer from equity791/2€6,361€64,863▲
Transfer to equity691/2€9,593€31,526▲
To other reserves6921€9,593€31,526▲
Profit to be distributed694/7€8,079€66,529▲
Return on contributions (dividend)694€8,079€66,529▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€4,143€0€41,093€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,219€2,793€1,757€1,757€4,989▲ 184%
Other operating charges640/8€447€1,343€648€668€688▲ 2.9%
Gross operating margin9900€22,945€36,357€76,147€33,535€50,791▲ 51.5%
Operating profit (loss)9901€19,279€32,222€73,743€31,110€45,114▲ 45.0%
Financial income75/76B€5,664€5,463€5,101€7,242€6,616▼ 8.6%
Recurring financial income75€5,664€5,463€5,101€7,242€6,616▼ 8.6%
Financial charges65/66B€1,963€2,186€2,157€2,405€1,883▼ 21.7%
Recurring financial charges65€1,963€2,186€2,157€2,405€1,883▼ 21.7%
Profit (loss) for the period before taxes9903€22,980€35,499€76,687€35,947€49,847▲ 38.7%
Income taxes67/77€14,369€11,882€15,608€24,636€16,655▼ 32.4%
Profit (loss) for the period9904€8,611€23,616€61,079€11,311€33,192▲ 193%
Transfer from tax-exempt reserves789€7,030€0----
Profit (loss) for the period to be appropriated9905€15,641€23,616€61,079€11,311€33,192▲ 193%
Line20212022202320242025Change
Assets
Total assets20/58€287,287€312,927€359,230€342,526€321,248▼ 6.2%
Fixed assets21/28€8,749€5,956€4,199€2,442€50,113▲ 1,952%
Tangible fixed assets22/27€8,749€5,956€4,199€2,442€50,113▲ 1,952%
Plant, machinery and equipment23€5,850€4,183€2,999€1,815€630▼ 65.3%
Furniture and vehicles24€554€0--€49,428-
Other tangible fixed assets26€2,345€1,772€1,200€627€55▼ 91.2%
Current assets29/58€278,539€306,972€355,031€340,084€271,135▼ 20.3%
Amounts receivable after more than one year29€225,000€225,000€225,000€225,000€195,000▼ 13.3%
Other amounts receivable291€225,000€225,000€225,000€225,000€195,000▼ 13.3%
Amounts receivable within one year40/41€13,112€17,942€49,814€28,119€6,938▼ 75.3%
Trade receivables40----€2,639-
Other amounts receivable41€13,112€17,942€49,814€28,119€4,298▼ 84.7%
Current investments50/53---€44,512€19,221▼ 56.8%
Cash at bank and in hand54/58€36,576€59,529€75,634€37,314€47,104▲ 26.2%
Deferred charges and accrued income490/1€3,851€4,500€4,583€5,140€2,873▼ 44.1%
Equity and liabilities
Total equity and liabilities10/49€287,287€312,927€359,230€342,526€321,248▼ 6.2%
Equity10/15€282,301€284,590€319,672€322,903€289,566▼ 10.3%
Contributions10/11€30,987€30,987€30,987€30,987€30,987=
Reserves13€251,314€253,604€288,685€291,917€258,579▼ 11.4%
Non-distributable reserves130/1€3,099€0----
Reserves not available under the articles1311€3,099€0----
Distributable reserves133€248,215€253,604€288,685€291,917€258,579▼ 11.4%
Profit (loss) carried forward14-€0€0€0€0-
Amounts payable17/49€4,987€28,337€39,558€19,623€31,682▲ 61.5%
Amounts payable after more than one year17----€9,323-
Financial debts170/4----€9,323-
Amounts payable within one year42/48€4,987€28,337€39,558€19,623€22,359▲ 13.9%
Current portion of amounts payable after more than one year42----€9,868-
Trade debts44€2,034€5,128€3,570€2,944€1,193▼ 59.5%
Suppliers440/4€2,034€5,128€3,570€2,944€1,193▼ 59.5%
Taxes, remuneration and social security45€1,833€1,882€9,991€8,600€9,631▲ 12.0%
Taxes450/3€1,833€1,882€9,991€8,600€9,631▲ 12.0%
Other amounts payable47/48€1,120€21,327€25,997€8,079€1,666▼ 79.4%
Line20212022202320242025Change
Profit (loss) for the period9904€8,611€23,616€61,079€11,311€33,192▲ 193%
+ Depreciation and write-downs630€3,219€2,793€1,757€1,757€4,989▲ 184%
Operating cash flow (approximation)€11,830€26,409€62,835€13,067€38,181▲ 192%
Investment in fixed assets (approximation)-€0€0€0-€52,660-
Change in cash-€22,953€16,105-€38,320€9,789▲ 126%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
02-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Highest result since 2018net €61,079 ▲159%
Operating result €73,743, net result €61,079, both a record.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
27-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial Liquidity triplescurrent ratio 55.86
Current ratio from 22.25 to 55.86; short-term debt falls from €12,299 to €4,987.
09-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
29-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
24-05
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
25-11
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 117 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Aalter · 2 establishment units since 1988
seat establishment All 2 establishment units on the map
Ground area
3,316 m²
Building footprint
565 m²
Volume, LiDAR
3,026 m³
2 parcels, Flanders · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Rostynedreef 33, 9880 Aalter
NACE 85130
since 19882.214.435.467
Stationsstraat 210, 9880 Aalter
NACE 85130
since 19882.276.951.472
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44502C0801/00L000 Flanders 3,143 m² 1 · 297 m² 6.8 m · 2 fl.
44001B0726/00E002 Flanders 174 m² 1 · 267 m² 13.2 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded10-11-1988
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

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

Register as of 30 September 2026 · Peppol Directory

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