Desta
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 17-12-2025 PDF all 48 filings
Turnover
≈ €4.9m
Estimated: probably between €3.3m and €8.0m
Total assets
€8.4m▲ 30.5%
2024 · €6.5m
Net result
€661,888▲ 11.1%
2024 · €595,546
Working capital
€2.5m▼ 14.7%
2024 · €2.9m
In the rankings
#2 oldest company in Hoogstraten, Manufacturing sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€870,408
▲ 4.0%
2025
20192025
Net result
€661,888
▲ 11.1%
2025
highest quarter of the sector
20192025
Equity
€4.8m
▲ 16.0%
2025
highest quarter of the sector
20192025
Total assets
€8.4m
▲ 30.5%
2025
highest quarter of the sector
20192025
Debt
€3.6m
▲ 65.7%
2025
20192025
Working capital
€2.5m
▼ 14.7%
2025
highest quarter of the sector
20192025
Solvency
57.0%
▼ 7.1pp
2025
middle half of the sector
20192025
Current ratio
3.02
▼ 0.73
2025
middle half of the sector
20192025
Return on assets (ROA)
7.9%
▼ 1.4pp
2025
middle half of the sector
20192025
Staff (FTE)
21.5
▼ 9.7%
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€1.0m-€1.0m▲ 4.2%€0.5m▼ 52.4%€0.8m▲ 64.6%€0.2m▼ 80.6%€0.8m▲ 429%€0.9m▲ 4.0%
Net result€0.7m-€0.8mabove the sector's middle half▲ 10.5%€0.5mabove the sector's middle half▼ 43.0%€0.7mabove the sector's middle half▲ 42.5%€0.1mwithin the sector's middle half▼ 81.7%€0.6mabove the sector's middle half▲ 391%€0.7mabove the sector's middle half▲ 11.1%
Equity€2.1m-€2.6mabove the sector's middle half▲ 24.8%€3.0mabove the sector's middle half▲ 14.0%€3.4mabove the sector's middle half▲ 15.6%€3.5mabove the sector's middle half▲ 3.5%€4.1mabove the sector's middle half▲ 16.8%€4.8mabove the sector's middle half▲ 16.0%
Total assets€4.5m-€5.1mabove the sector's middle half▲ 14.6%€4.7mabove the sector's middle half▼ 8.3%€5.4mabove the sector's middle half▲ 15.0%€6.4mabove the sector's middle half▲ 17.3%€6.5mabove the sector's middle half▲ 1.5%€8.4mabove the sector's middle half▲ 30.5%
Debt€1.9m-€2.0m▲ 6.6%€1.3m▼ 33.8%€1.7m▲ 25.9%€2.8m▲ 69.5%€2.2m▼ 22.4%€3.6m▲ 65.7%
Working capital€2.6m-€3.1mabove the sector's middle half▲ 22.8%€2.1mabove the sector's middle half▼ 32.4%€2.7mabove the sector's middle half▲ 28.5%€1.6mabove the sector's middle half▼ 40.7%€2.9mabove the sector's middle half▲ 79.6%€2.5mabove the sector's middle half▼ 14.7%
Solvency46.4%-50.5%within the sector's middle half▲ 4.1pp62.8%within the sector's middle half▲ 12.3pp63.1%within the sector's middle half▲ 0.3pp55.7%within the sector's middle half▼ 7.4pp64.1%within the sector's middle half▲ 8.4pp57.0%within the sector's middle half▼ 7.1pp
Current ratio3.35-3.30above the sector's middle half▼ 0.053.43above the sector's middle half▲ 0.133.40above the sector's middle half▼ 0.031.74within the sector's middle half▼ 1.653.75above the sector's middle half▲ 2.013.02within the sector's middle half▼ 0.73
Return on assets (ROA)16.5%-15.9%above the sector's middle half▼ 0.6pp9.9%within the sector's middle half▼ 6.0pp12.2%above the sector's middle half▲ 2.4pp1.9%within the sector's middle half▼ 10.3pp9.2%above the sector's middle half▲ 7.3pp7.9%within the sector's middle half▼ 1.4pp
Staff (FTE)16.8-22.7above the sector's middle half▲ 35.1%25.4above the sector's middle half▲ 11.9%23.9above the sector's middle half▼ 5.9%23.8above the sector's middle half▼ 0.4%23.8above the sector's middle half=21.5above the sector's middle half▼ 9.7%
above
within
below
The sector band is the middle half of the companies in Manufacture of other non-metallic mineral products (NACE 23). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 4% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.4m
Fixed assets
€4.7m ▲ 88.6%
Current assets
€3.7m ▼ 6.5%
Equity and liabilities €8.4m
Equity
€4.8m ▲ 16.0%
Provisions
€0 ▼ 100%
Debt
€3.6m ▲ 65.7%
Debt's share of the balance-sheet total rises from 33.9% to 43.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.4m▲
2024 · €1.2m
Cash flow
€1.2m▲
2024 · €948,265
Quick ratio
1.75▼
2024 · 2.32
Debt to equity
0.75▲
2024 · 0.53
ROE
13.8%▼
2024 · 14.4%
Interest coverage
11.89▼
2024 · 22.03
Debt ≤ 1 year
€1.2m▲
2024 · €1.1m
Debt > 1 year
€2.1m▲
2024 · €880,589
Income taxes
€103,038▼
2024 · €193,823
Staff costs
€1.5m▼
2024 · €1.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 24 | 26 | 25 | 20 |
| full-time | 19 | 21 | 21 | 16 |
| part-time | 5 | 5 | 4 | 4 |
| in full-time equivalents | 22.5 | 24.2 | 23.4 | 18.4 |
| Average over the year, in full-time equivalents | 23.9 | 23.8 | 23.8 | 21.5 |
| On a permanent contract | 24 | 26 | 25 | 20 |
| Joined | 5 | 2 | 3 | 1 |
| Left | 8 | 0 | 4 | 6 |
| Training hours | - | - | 892 | 1,440 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €278,279 | €509,710 | €1.0m | €2.6m |
| Mortgages, amount registered | €100,000 | €100,000 | €100,000 | €100,000 |
| Mortgage mandates | €2.0m | €2.0m | €2.0m | €2.0m |
| Carrying value of the mortgaged assets | €438,556 | €368,962 | €310,637 | €257,550 |
| Pledge on the business | €250,000 | €250,000 | €250,000 | €250,000 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €117,389 | €1.4m | €288,005 | €2.7m |
| Intangible fixed assets | - | €0 | - | - |
| Depreciation and write-downs of the year | €274,890 | €404,103 | €352,719 | €497,879 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €1,290 awarded · €1,290 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €249 | €249 |
| 2024 | 1 | €351 | €351 |
| 2023 | 1 | €690 | €690 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.02m | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €1.5m | €1.5m | €1.6m | €1.5m | ▼ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 41.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.001m | €0 | - | €0.02m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.1m | -€0.3m | €0.1m | -€0.1m | - |
| Other operating charges640/8 | - | - | - | €0.06m | €0.05m | €0.06m | €0.06m | ▼ 7.0% |
| Non-recurring operating charges66A | - | - | - | €1 | €0 | - | - | - |
| Gross operating margin9900 | €2.3m | €2.6m | €2.2m | €2.5m | €1.8m | €2.9m | €2.8m | ▼ 3.7% |
| Operating profit (loss)9901 | €1.0m | €1.0m | €0.5m | €0.8m | €0.2m | €0.8m | €0.9m | ▲ 4.0% |
| Financial income75/76B | - | - | - | €0.008m | €0.01m | €0.007m | €0.01m | ▲ 43.1% |
| Recurring financial income75 | €142 | €0.01m | €0.009m | €0.008m | €0.01m | €0.007m | €0.01m | ▲ 43.1% |
| Financial charges65/66B | - | - | - | €0.007m | €0.02m | €0.05m | €0.1m | ▲ 113% |
| Recurring financial charges65 | €0.03m | €0.01m | €0.01m | €0.007m | €0.02m | €0.05m | €0.1m | ▲ 113% |
| Non-recurring financial charges66B | - | - | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.0m | €1.0m | €0.5m | €0.8m | €0.2m | €0.8m | €0.8m | ▼ 3.1% |
| Income taxes67/77 | €0.2m | €0.2m | €0.02m | €0.2m | €0.03m | €0.2m | €0.1m | ▼ 46.8% |
| Profit (loss) for the period9904 | €0.7m | €0.8m | €0.5m | €0.7m | €0.1m | €0.6m | €0.7m | ▲ 11.1% |
| Profit (loss) for the period to be appropriated9905 | €0.7m | €0.8m | €0.5m | €0.7m | €0.1m | €0.6m | €0.7m | ▲ 11.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.5m | €5.1m | €4.7m | €5.4m | €6.4m | €6.5m | €8.4m | ▲ 30.5% |
| Fixed assets21/28 | €0.9m | €0.7m | €1.7m | €1.6m | €2.6m | €2.5m | €4.7m | ▲ 88.6% |
| Intangible fixed assets21 | €0.02m | €0.01m | €0.008m | €0.005m | €0.002m | €0 | - | - |
| Tangible fixed assets22/27 | €0.8m | €0.6m | €1.7m | €1.6m | €2.6m | €2.5m | €4.7m | ▲ 88.9% |
| Land and buildings22 | - | - | - | €0.4m | €1.2m | €1.2m | €1.9m | ▲ 63.3% |
| Plant, machinery and equipment23 | - | - | - | €1.0m | €1.0m | €1.0m | €0.8m | ▼ 20.7% |
| Furniture and vehicles24 | - | - | - | €0.08m | €0.3m | €0.4m | €0.3m | ▼ 23.5% |
| Leasing and similar rights25 | - | - | - | - | - | €0.001m | €1.8m | ▲ 2,342× |
| Financial fixed assets28 | €0.02m | €0.02m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Current assets29/58 | €3.6m | €4.5m | €3.0m | €3.9m | €3.8m | €3.9m | €3.7m | ▼ 6.5% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.3m | €1.2m | €1.2m | €1.5m | €1.6m | ▲ 3.2% |
| Stocks30/36 | - | - | - | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 19.7% |
| Contracts in progress37 | - | - | - | €0.9m | €1.0m | €1.1m | €1.3m | ▲ 10.3% |
| Amounts receivable within one year40/41 | €0.6m | €0.9m | €0.7m | €1.0m | €0.9m | €0.6m | €0.6m | ▼ 2.1% |
| Trade receivables40 | - | - | - | €0.7m | €0.7m | €0.6m | €0.6m | ▼ 2.3% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.3m | €0.007m | €0.007m | ▲ 9.4% |
| Current investments50/53 | €0.001m | €0.001m | €0.001m | €0.04m | €0.1m | €0.2m | €0.2m | ▲ 38.4% |
| Cash at bank and in hand54/58 | €1.1m | €1.6m | €1.0m | €1.6m | €1.5m | €1.6m | €1.3m | ▼ 21.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.03m | €0.03m | €0.04m | ▲ 28.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.5m | €5.1m | €4.7m | €5.4m | €6.4m | €6.5m | €8.4m | ▲ 30.5% |
| Equity10/15 | €2.1m | €2.6m | €3.0m | €3.4m | €3.5m | €4.1m | €4.8m | ▲ 16.0% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €1.9m | €2.5m | €2.8m | €3.3m | €3.4m | €4.0m | €4.7m | ▲ 16.5% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Own shares acquired1312 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Tax-exempt reserves132 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Distributable reserves133 | - | - | - | €3.3m | €3.4m | €4.0m | €4.6m | ▲ 16.7% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - | - | - |
| Provisions and deferred taxes16 | €0.5m | €0.5m | €0.4m | €0.3m | €0 | €0.1m | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.3m | €0 | €0.1m | €0 | ▼ 100% |
| Major repairs and maintenance162 | - | - | - | €0.3m | €0 | - | - | - |
| Environmental obligations163 | - | - | - | - | - | €0.1m | €0 | ▼ 100% |
| Other liabilities and charges164/5 | - | - | - | €0 | - | - | - | - |
| Amounts payable17/49 | €1.9m | €2.0m | €1.3m | €1.7m | €2.8m | €2.2m | €3.6m | ▲ 65.7% |
| Amounts payable after more than one year17 | €0.6m | €0.4m | €0.3m | €0.1m | €0.4m | €0.9m | €2.1m | ▲ 143% |
| Financial debts170/4 | - | - | - | €0.1m | €0.4m | €0.9m | €2.1m | ▲ 143% |
| Amounts payable within one year42/48 | €1.1m | €1.4m | €0.9m | €1.1m | €2.2m | €1.1m | €1.2m | ▲ 16.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.1m | €0.2m | €0.4m | ▲ 173% |
| Trade debts44 | €0.4m | €0.6m | €0.4m | €0.6m | €1.9m | €0.7m | €0.6m | ▼ 12.4% |
| Suppliers440/4 | - | - | - | €0.6m | €1.9m | €0.7m | €0.6m | ▼ 12.4% |
| Advances received on contracts in progress46 | - | - | - | €0.02m | €0.02m | €0.02m | €0.007m | ▼ 61.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 1.0% |
| Taxes450/3 | - | - | - | €0.009m | €0 | €0.003m | €0.003m | ▼ 11.2% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.8% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.4m | €0.2m | €0.3m | €0.3m | ▲ 3.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.7m | €0.8m | €0.5m | €0.7m | €0.1m | €0.6m | €0.7m | ▲ 11.1% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 41.2% |
| Operating cash flow (approximation) | €1.0m | €1.0m | €0.7m | €0.9m | €0.5m | €0.9m | €1.2m | ▲ 22.3% |
| Investment in fixed assets (approximation) | - | -€0.009m | -€1.3m | -€0.1m | -€1.4m | -€0.3m | -€2.7m | ▼ 845% |
| Change in cash | - | €0.5m | -€0.6m | €0.6m | -€0.1m | €0.2m | -€0.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as Desta has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of Desta itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for Desta. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 17-12-2025 | 2025-00583155 | |
| 30-06-2024 | abbreviated format | 19-12-2024 | 2024-00619431 | |
| 30-06-2023 | abbreviated format | 18-12-2023 | 2023-00529509 | |
| 30-06-2022 | abbreviated format | 20-12-2022 | 2022-20540512 | |
| 30-06-2021 | abbreviated format | 20-12-2021 | 2021-80600427 | |
| 30-06-2020 | abbreviated format | 24-12-2020 | 2020-76900272 | |
| 30-06-2019 | abbreviated format | 02-01-2020 | 2020-00100046 | |
| 30-06-2018 | abbreviated format | 10-01-2019 | 2019-00700534 | |
| 30-06-2017 | abbreviated format | 03-01-2018 | 2018-00200016 | |
| 30-06-2016 | abbreviated format | 15-12-2016 | 2016-70100146 |