DESOT
ActiveSummary
DESOT has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €396,279. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 59% of 303 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+5
Solvency69▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.3 in 2024; short-term debt: 49.1% and cash: 10.8% of total assets), and 55.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.2%
Return on assets
9.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
27 d early
2023
114 d early
2022
17 d early
2021
26 d early
2020
17 d late
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed 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 4 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#4 oldest company in Ypres, Construction sector#5 employer in Ypres, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€396,279▲ 80.0%
2024 · €220,194
Working capital
€35,143▼ 94.7%
2024 · €663,520
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€518,073▲ 30.8%€382,299▼ 26.2%€619,117▲ 61.9%€335,993▼ 45.7%€506,355▲ 50.7%
Net result€420,447above the sector's middle half▲ 26.8%€332,724above the sector's middle half▼ 20.9%€534,853above the sector's middle half▲ 60.7%€220,194above the sector's middle half▼ 58.8%€396,279within the sector's middle half▲ 80.0%
Equity€2.2mabove the sector's middle half▲ 11.4%€2.3mabove the sector's middle half▲ 8.5%€2.6mabove the sector's middle half▲ 12.2%€2.0mabove the sector's middle half▼ 22.1%€1.9mwithin the sector's middle half▼ 5.1%
Total assets€4.1mabove the sector's middle half▼ 10.5%€5.2mabove the sector's middle half▲ 26.3%€4.6mabove the sector's middle half▼ 11.5%€4.6mabove the sector's middle half▲ 0.3%€4.4mwithin the sector's middle half▼ 4.3%
Debt€1.9m▼ 26.8%€2.8m▲ 46.6%€1.7m▼ 38.5%€2.4m▲ 42.0%€2.4m▼ 3.1%
Working capital€831,923above the sector's middle half▲ 87.3%€1.0mabove the sector's middle half▲ 20.2%€1.5mabove the sector's middle half▲ 51.0%€663,520within the sector's middle half▼ 56.1%€35,143below the sector's middle half▼ 94.7%
Solvency52.8%within the sector's middle half▲ 10.4pp45.3%within the sector's middle half▼ 7.5pp57.5%within the sector's middle half▲ 12.2pp44.6%within the sector's middle half▼ 12.9pp44.2%within the sector's middle half▼ 0.4pp
Current ratio1.48within the sector's middle half▲ 0.291.43within the sector's middle half▼ 0.052.24within the sector's middle half▲ 0.811.30within the sector's middle half▼ 0.941.02below the sector's middle half▼ 0.28
Return on assets (ROA)10.3%within the sector's middle half▲ 3.0pp6.5%within the sector's middle half▼ 3.9pp11.7%within the sector's middle half▲ 5.3pp4.8%within the sector's middle half▼ 6.9pp9.1%within the sector's middle half▲ 4.2pp
Staff (FTE)31.1above the sector's middle half▼ 2.5%31.9above the sector's middle half▲ 2.6%33.3above the sector's middle half▲ 4.4%31.1above the sector's middle half▼ 6.6%31.5within the sector's middle half▲ 1.3%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +80% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 51% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets
€2.2m ▲ 30.0%
Current assets
€2.2m ▼ 24.3%
Equity and liabilities €4.4m
Equity
€1.9m ▼ 5.1%
Provisions
€67,567 ▼ 19.0%
Debt
€2.4m ▼ 3.1%
Debt's share of the balance-sheet total rises from 53.6% to 54.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€905,605▲
2024 · €682,828
Cash flow
€795,529▲
2024 · €567,028
Quick ratio
0.98▼
2024 · 1.26
Debt to equity
1.23▲
2024 · 1.20
ROE
20.5%▲
2024 · 10.8%
Interest coverage
22.29▲
2024 · 15.64
Debt ≤ 1 year
€2.2m▼
2024 · €2.2m
Debt > 1 year
€223,040▼
2024 · €226,188
Income taxes
€95,627▲
2024 · €91,347
Staff costs
€2.3m▲
2024 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
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%.
| 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 20,134 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €16,677 | €0 | - | - |
| Remuneration, social security and pensions62 | €1.8m | €2.0m | €2.2m | €2.1m | €2.3m | ▲ 6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €440,599 | €306,765 | €324,304 | €346,834 | €399,250 | ▲ 15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | -€4,364 | €0 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €201,220 | -€126,220 | -€13,000 | ▲ 89.7% |
| Other operating charges640/8 | €26,555 | €36,810 | €41,223 | €49,495 | €43,824 | ▼ 11.5% |
| Gross operating margin9900 | €2.7m | €2.7m | €3.4m | €2.7m | €3.2m | ▲ 17.2% |
| Operating profit (loss)9901 | €518,073 | €382,299 | €619,117 | €335,993 | €506,355 | ▲ 50.7% |
| Financial income75/76B | €27,509 | €911 | €64,977 | €16,352 | €23,322 | ▲ 42.6% |
| Recurring financial income75 | €27,509 | €911 | €64,977 | €16,352 | €23,322 | ▲ 42.6% |
| Financial charges65/66B | €28,628 | €27,588 | €39,747 | €43,655 | €40,620 | ▼ 7.0% |
| Recurring financial charges65 | €28,628 | €27,588 | €39,747 | €43,655 | €40,620 | ▼ 7.0% |
| Profit (loss) for the period before taxes9903 | €516,954 | €355,622 | €644,347 | €308,691 | €489,056 | ▲ 58.4% |
| Transfer from deferred taxes780 | - | €133 | €2,850 | €2,850 | €2,850 | = |
| Transfer to deferred taxes680 | €0 | - | - | - | - | - |
| Income taxes67/77 | €96,507 | €23,031 | €112,344 | €91,347 | €95,627 | ▲ 4.7% |
| Profit (loss) for the period9904 | €420,447 | €332,724 | €534,853 | €220,194 | €396,279 | ▲ 80.0% |
| Transfer from tax-exempt reserves789 | €181,597 | €398 | €8,550 | €8,550 | €8,550 | = |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €602,044 | €333,123 | €543,403 | €228,744 | €404,829 | ▲ 77.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.1m | €5.2m | €4.6m | €4.6m | €4.4m | ▼ 4.3% |
| Fixed assets21/28 | €1.5m | €1.8m | €1.8m | €1.7m | €2.2m | ▲ 30.0% |
| Tangible fixed assets22/27 | €1.5m | €1.8m | €1.8m | €1.7m | €2.2m | ▲ 30.0% |
| Land and buildings22 | €916,800 | €924,640 | €889,366 | €854,091 | €838,801 | ▼ 1.8% |
| Plant, machinery and equipment23 | €418,112 | €312,249 | €351,166 | €412,372 | €778,206 | ▲ 88.7% |
| Furniture and vehicles24 | €191,738 | €588,676 | €589,811 | €419,518 | €415,316 | ▼ 1.0% |
| Leasing and similar rights25 | €0 | - | - | - | €159,316 | - |
| Current assets29/58 | €2.6m | €3.3m | €2.7m | €2.9m | €2.2m | ▼ 24.3% |
| Stocks and contracts in progress3 | €95,900 | €94,700 | €87,300 | €85,900 | €84,750 | ▼ 1.3% |
| Stocks30/36 | €95,900 | €94,700 | €87,300 | €85,900 | €84,750 | ▼ 1.3% |
| Amounts receivable within one year40/41 | €1.7m | €2.5m | €1.9m | €1.9m | €1.4m | ▼ 26.7% |
| Trade receivables40 | €1.6m | €2.3m | €1.7m | €1.7m | €1.2m | ▼ 32.2% |
| Other amounts receivable41 | €133,116 | €283,485 | €166,870 | €218,093 | €255,000 | ▲ 16.9% |
| Current investments50/53 | - | - | - | - | €200,000 | - |
| Cash at bank and in hand54/58 | €768,440 | €694,466 | €728,414 | €858,349 | €474,701 | ▼ 44.7% |
| Deferred charges and accrued income490/1 | - | €2,640 | €0 | - | €2,560 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.1m | €5.2m | €4.6m | €4.6m | €4.4m | ▼ 4.3% |
| Equity10/15 | €2.2m | €2.3m | €2.6m | €2.0m | €1.9m | ▼ 5.1% |
| Contributions10/11 | €243,000 | €243,000 | €243,000 | €243,000 | €243,000 | = |
| Capital10 | €243,000 | €243,000 | €243,000 | €243,000 | €243,000 | = |
| Issued capital100 | €243,000 | €243,000 | €243,000 | €243,000 | €243,000 | = |
| Reserves13 | €1.9m | €2.1m | €2.4m | €1.8m | €1.7m | ▼ 5.8% |
| Non-distributable reserves130/1 | €24,300 | €24,300 | €24,300 | €24,300 | €24,300 | = |
| Legal reserve130 | €24,300 | €24,300 | €24,300 | €24,300 | €24,300 | = |
| Tax-exempt reserves132 | €42,750 | €42,352 | €33,802 | €25,252 | €16,702 | ▼ 33.9% |
| Distributable reserves133 | €1.8m | €2.0m | €2.3m | €1.7m | €1.7m | ▼ 5.4% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €14,250 | €14,117 | €212,487 | €83,417 | €67,567 | ▼ 19.0% |
| Provisions for liabilities and charges160/5 | - | - | €201,220 | €75,000 | €62,000 | ▼ 17.3% |
| Other liabilities and charges164/5 | - | - | €201,220 | €75,000 | €62,000 | ▼ 17.3% |
| Deferred taxes168 | €14,250 | €14,117 | €11,267 | €8,417 | €5,567 | ▼ 33.9% |
| Amounts payable17/49 | €1.9m | €2.8m | €1.7m | €2.4m | €2.4m | ▼ 3.1% |
| Amounts payable after more than one year17 | €192,198 | €476,822 | €351,505 | €226,188 | €223,040 | ▼ 1.4% |
| Financial debts170/4 | €192,198 | €476,822 | €351,505 | €226,188 | €223,040 | ▼ 1.4% |
| Amounts payable within one year42/48 | €1.7m | €2.3m | €1.2m | €2.2m | €2.2m | ▼ 3.2% |
| Current portion of amounts payable after more than one year42 | €98,208 | €158,627 | €125,317 | €125,317 | €163,675 | ▲ 30.6% |
| Financial debts43 | - | - | - | - | €29,320 | - |
| Credit institutions430/8 | - | - | - | - | €29,320 | - |
| Trade debts44 | €817,175 | €1.2m | €409,372 | €579,532 | €733,321 | ▲ 26.5% |
| Suppliers440/4 | €817,175 | €1.2m | €409,372 | €579,532 | €733,321 | ▲ 26.5% |
| Advances received on contracts in progress46 | €396,846 | €636,983 | €224,947 | €532,918 | €440,910 | ▼ 17.3% |
| Taxes, remuneration and social security45 | €105,400 | €128,946 | €203,597 | €182,328 | €224,333 | ▲ 23.0% |
| Taxes450/3 | €28,620 | €45,598 | €112,947 | €92,097 | €122,169 | ▲ 32.7% |
| Remuneration and social security454/9 | €76,779 | €83,347 | €90,649 | €90,231 | €102,164 | ▲ 13.2% |
| Other amounts payable47/48 | €301,125 | €153,994 | €252,060 | €802,410 | €558,772 | ▼ 30.4% |
| Accrued charges and deferred income492/3 | - | - | €157,146 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €420,447 | €332,724 | €534,853 | €220,194 | €396,279 | ▲ 80.0% |
| + Depreciation and write-downs630 | €440,599 | €306,765 | €324,304 | €346,834 | €399,250 | ▲ 15.1% |
| Operating cash flow (approximation) | €861,046 | €639,489 | €859,157 | €567,028 | €795,529 | ▲ 40.3% |
| Investment in fixed assets (approximation) | - | -€605,680 | -€329,081 | -€202,474 | -€904,907 | ▼ 347% |
| Change in cash | - | -€73,974 | €33,948 | €129,934 | -€383,648 | ▼ 395% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €220,194 ▼58.8%
Net result drops to €220,194, the lowest in the series; recovery starts the following year.
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2mEq €2.2m ▲11.4%
4 profitable years in a row build equity to €2.2m.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €954,633 ▲236%
Operating result €1.3m, net result €954,633, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Ieper · 1 establishment unit since 1977
Ground area
984 m²
Building footprint
145 m²
Volume, LiDAR
908 m³
Parcel 33003B0709/00K000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DESOT NV
since 19772.014.296.654
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33003B0709/00K000 | Flanders | 984 m² | 1 · 145 m² | 8.8 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.
Structure & network
Owners and holdings
2 ownersChain of control
- Desot John
- DESOT
Highest known parent: Desot John. The sources do not say who stands above it.
Owners 2
- Desot Johnparent100%
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 10,751 EUR awarded · 10,304 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 727 EUR | 2,883 EUR |
| 2024 | 1 | 2,603 EUR | 0 EUR |
| 2023 | 2 | 5,659 EUR | 6,526 EUR |
| 2022 | 1 | 1,762 EUR | 895 EUR |
Recognitions · licences · registrations
Recognised contractor
14 categoriesDESOT NV15219
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Of 194 companies in sector 42919 we hold annual accounts for 81. 46 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-11-1977
Fiscal year end31-12
Activities, NACEBEL 2025
42911Civil engineering
42919Civil engineering
42110Construction of roads and motorways
43120Site preparation
43130Specialised construction activities
46851Wholesale of industrial chemicals
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0417783651
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.