DESOTEC
ActiveSummary
DESOTEC has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €144,592 and a net result of €16,249. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 5998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+82
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 7.64 against 1.59 in 2023; short-term debt: 2.4% and cash: 16.5% of total assets), and 2.4% of the assets are financed with debt.
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Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
34 d early
2022
115 d early
2021
11 d early
2020
53 d early
2019
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16,249
2023 · -€29,428
Working capital
€23,180▲ 1,322%
2023 · €1,630
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€36,037-€1,702-€7,658▼ 350%-€29,289▼ 282%€17,892
Net result€29,652-€1,709-€5,058▼ 196%-€29,428▼ 482%€16,249
Equity€179,537▲ 19.8%€162,828▼ 9.3%€157,771▼ 3.1%€128,343▼ 18.7%€144,592▲ 12.7%
Total assets€210,305▲ 2.3%€201,991▼ 4.0%€170,331▼ 15.7%€131,093▼ 23.0%€148,083▲ 13.0%
Debt€26,798▼ 39.7%€36,158▲ 34.9%€12,560▼ 65.3%€2,750▼ 78.1%€3,491▲ 27.0%
Working capital€29,489€18,668▼ 36.7%€25,757▲ 38.0%€1,630▼ 93.7%€23,180▲ 1,322%
Staff (FTE)0.3=
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €17,892 after a loss of €29,289 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €148,083
Fixed assets
€121,412 ▼ 4.2%
Current assets
€26,671 ▲ 509%
Equity and liabilities €148,083
Equity
€144,592 ▲ 12.7%
Debt
€3,491 ▲ 27.0%
Debt's share of the balance-sheet total rises from 2.1% to 2.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23,193▲
2023 · -€23,988
Cash flow
€21,550▲
2023 · -€24,127
Current ratio
7.64▲
2023 · 1.59
Debt to equity
0.02▲
2023 · 0.02
ROE
11.2%▲
2023 · -22.9%
ROA
11.0%▲
2023 · -22.4%
Interest coverage
533.17▲
2023 · -143.83
Debt ≤ 1 year
€3,491▲
2023 · €2,750
Income taxes
€1,600
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €15,000 | - | - | - |
| Remuneration, social security and pensions62 | - | -€6 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,650 | €9,494 | €5,301 | €5,301 | €5,301 | = |
| Other operating charges640/8 | - | €2,118 | €1,710 | €1,877 | €1,941 | ▲ 3.4% |
| Non-recurring operating charges66A | - | - | €8,529 | - | - | - |
| Gross operating margin9900 | €54,952 | €9,906 | €7,883 | -€22,111 | €25,134 | ▲ 214% |
| Operating profit (loss)9901 | €36,037 | -€1,702 | -€7,658 | -€29,289 | €17,892 | ▲ 161% |
| Financial income75/76B | - | - | - | €28 | €0 | ▼ 98.6% |
| Recurring financial income75 | €91 | - | - | €28 | €0 | ▼ 98.6% |
| Financial charges65/66B | - | €501 | €405 | €167 | €44 | ▼ 73.9% |
| Recurring financial charges65 | €774 | €501 | €405 | €167 | €44 | ▼ 73.9% |
| Profit (loss) for the period before taxes9903 | €35,354 | -€2,203 | -€8,063 | -€29,428 | €17,849 | ▲ 161% |
| Transfer from deferred taxes780 | - | €965 | €3,005 | - | - | - |
| Income taxes67/77 | €5,451 | €471 | - | - | €1,600 | - |
| Profit (loss) for the period9904 | €29,652 | -€1,709 | -€5,058 | -€29,428 | €16,249 | ▲ 155% |
| Transfer from tax-exempt reserves789 | - | €2,386 | €7,512 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €28,608 | €677 | €2,454 | -€29,428 | €16,249 | ▲ 155% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €210,305 | €201,991 | €170,331 | €131,093 | €148,083 | ▲ 13.0% |
| Fixed assets21/28 | €154,514 | €147,498 | €132,014 | €126,713 | €121,412 | ▼ 4.2% |
| Tangible fixed assets22/27 | €154,514 | €147,498 | €132,014 | €126,713 | €121,412 | ▼ 4.2% |
| Land and buildings22 | - | €137,315 | €132,014 | €126,713 | €121,412 | ▼ 4.2% |
| Furniture and vehicles24 | - | €10,182 | - | - | - | - |
| Current assets29/58 | €55,791 | €54,494 | €38,316 | €4,380 | €26,671 | ▲ 509% |
| Amounts receivable within one year40/41 | €8,491 | €7,737 | €19,488 | €261 | €758 | ▲ 190% |
| Trade receivables40 | - | €7,260 | €19,245 | €45 | €34 | ▼ 24.9% |
| Other amounts receivable41 | - | €477 | €243 | €216 | €724 | ▲ 235% |
| Cash at bank and in hand54/58 | €46,281 | €46,412 | €18,828 | €2,717 | €24,396 | ▲ 798% |
| Deferred charges and accrued income490/1 | - | €345 | - | €1,401 | €1,517 | ▲ 8.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €210,305 | €201,991 | €170,331 | €131,093 | €148,083 | ▲ 13.0% |
| Equity10/15 | €179,537 | €162,828 | €157,771 | €128,343 | €144,592 | ▲ 12.7% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €55,257 | €37,871 | €30,359 | €30,359 | €46,359 | ▲ 52.7% |
| Tax-exempt reserves132 | - | €7,512 | - | - | - | - |
| Distributable reserves133 | - | €30,359 | €30,359 | €30,359 | €46,359 | ▲ 52.7% |
| Profit (loss) carried forward14 | €105,689 | €106,365 | €108,820 | €79,392 | €79,641 | ▲ 0.3% |
| Provisions and deferred taxes16 | €3,970 | €3,005 | - | - | - | - |
| Deferred taxes168 | - | €3,005 | - | - | - | - |
| Amounts payable17/49 | €26,798 | €36,158 | €12,560 | €2,750 | €3,491 | ▲ 27.0% |
| Amounts payable within one year42/48 | €26,303 | €35,826 | €12,560 | €2,750 | €3,491 | ▲ 27.0% |
| Trade debts44 | €9,037 | €14,834 | €8,239 | €2,750 | €1,891 | ▼ 31.2% |
| Suppliers440/4 | - | €14,834 | €8,239 | €2,750 | €1,891 | ▼ 31.2% |
| Taxes, remuneration and social security45 | - | €6,741 | €655 | - | €1,600 | - |
| Taxes450/3 | - | €6,741 | €655 | - | €1,600 | - |
| Other amounts payable47/48 | - | €14,250 | €3,666 | - | - | - |
| Accrued charges and deferred income492/3 | - | €332 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,652 | -€1,709 | -€5,058 | -€29,428 | €16,249 | ▲ 155% |
| + Depreciation and write-downs630 | €7,650 | €9,494 | €5,301 | €5,301 | €5,301 | = |
| Operating cash flow (approximation) | €37,303 | €7,785 | €244 | -€24,127 | €21,550 | ▲ 189% |
| Investment in fixed assets (approximation) | - | -€2,478 | €10,182 | €0 | €0 | - |
| Change in cash | - | €130 | -€27,583 | -€16,111 | €21,679 | ▲ 235% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €16,249
Net result €16,249 after 3 loss-making years.
31-12
Financial
Liquidity times 5current ratio 7.64
Current ratio from 1.59 to 7.64.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€29,428
Net result drops to -€29,428, the lowest in the series; recovery starts the following year.
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Liquidity doublescurrent ratio 3.05
Current ratio from 1.52 to 3.05; short-term debt falls from €35,826 to €12,560.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
31-12
Financial
Back to profitnet €29,652
Net result €29,652 after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 2.12
Current ratio from 0.55 to 2.12; short-term debt falls from €32,661 to €26,303.
31-12
Financial
Equity above €150,000Eq €179,537 ▲19.8%
Equity rises from €149,885 to €179,537.
Show earlier events
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
09-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
25-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Eupen · 1 establishment unit since 1996
Ground area
2.0 ha
Building footprint
9,964 m²
Volume, LiDAR
113,840 m³
Parcel 63023C0129/00Z000, Wallonia · tallest building 20.9 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
DESOTEC
since 19962.076.334.191
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63023C0129/00Z000 | Wallonia | 2.0 ha | 1 · 9,964 m² | 20.9 m · 4 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.
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Of 1,743 companies in sector 46150 we hold annual accounts for 758. 573 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
Founded10-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.