DESUTTER MANAGEMENT
ActiveSummary
DESUTTER MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €32,086 and a net result of €66,189. Equity is shrinking by ~20.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 29% of 9871 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 · 8 filingsDeviation from the deadline
2025
31 d early
2024
104 d early
2023
78 d early
2022
122 d early
2021
89 d early
2020
26 d early
2019
23 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 68 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 3 May (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€32,086▲ 29.8%
2023 · €24,720
Net result
€66,189▲ 7.8%
2023 · €61,377
Total assets
€107,984▼ 1.5%
2023 · €109,662
Solvency
29.7%▲ 7.2pp
2023 · 22.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€51,889▼ 11.4%€61,952▲ 19.4%€60,762▼ 1.9%€77,554▲ 27.6%€83,226▲ 7.3%
Net result€40,888within the sector's middle half▼ 11.2%€49,068within the sector's middle half▲ 20.0%€48,397within the sector's middle half▼ 1.4%€61,377within the sector's middle half▲ 26.8%€66,189within the sector's middle half▲ 7.8%
Equity€153,878within the sector's middle half▲ 36.2%€42,946within the sector's middle half▼ 72.1%€33,343below the sector's middle half▼ 22.4%€24,720below the sector's middle half▼ 25.9%€32,086below the sector's middle half▲ 29.8%
Total assets€165,356within the sector's middle half▲ 41.0%€213,594within the sector's middle half▲ 29.2%€105,594below the sector's middle half▼ 50.6%€109,662below the sector's middle half▲ 3.9%€107,984below the sector's middle half▼ 1.5%
Debt€11,478▲ 168%€170,648▲ 1,387%€72,250▼ 57.7%€84,942▲ 17.6%€75,898▼ 10.6%
Working capital€152,800above the sector's middle half▲ 35.2%€42,308within the sector's middle half▼ 72.3%€30,449within the sector's middle half▼ 28.0%€22,781within the sector's middle half▼ 25.2%€30,074within the sector's middle half▲ 32.0%
Solvency93.1%above the sector's middle half▼ 3.3pp20.1%below the sector's middle half▼ 73.0pp31.6%within the sector's middle half▲ 11.5pp22.5%below the sector's middle half▼ 9.0pp29.7%within the sector's middle half▲ 7.2pp
Current ratio14.31above the sector's middle half▼ 13.041.25within the sector's middle half▼ 13.061.42within the sector's middle half▲ 0.171.27within the sector's middle half▼ 0.151.40within the sector's middle half▲ 0.13
Return on assets (ROA)24.7%above the sector's middle half▼ 14.5pp23.0%within the sector's middle half▼ 1.8pp45.8%above the sector's middle half▲ 22.9pp56.0%above the sector's middle half▲ 10.1pp61.3%above the sector's middle half▲ 5.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 7% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €107,984
Fixed assets
€2,011 ▲ 3.7%
Current assets
€105,973 ▼ 1.6%
Equity and liabilities €107,984
Equity
€32,086 ▲ 29.8%
Debt
€75,898 ▼ 10.6%
Debt's share of the balance-sheet total falls from 77.5% to 70.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
206.3%▼
2023 · 248.3%
Debt ≤ 1 year
€75,898▼
2023 · €84,942
Income taxes
€17,891▲
2023 · €16,479
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €242 | €440 | €1,042 | €956 | €907 | ▼ 5.1% |
| Other operating charges640/8 | - | €459 | €546 | €562 | €621 | ▲ 10.5% |
| Non-recurring operating charges66A | - | - | - | €191 | €0 | ▼ 100% |
| Gross operating margin9900 | €52,131 | €62,850 | €62,350 | €79,263 | €84,755 | ▲ 6.9% |
| Operating profit (loss)9901 | €51,889 | €61,952 | €60,762 | €77,554 | €83,226 | ▲ 7.3% |
| Financial income75/76B | - | €422 | €510 | €415 | €968 | ▲ 133% |
| Recurring financial income75 | €56 | €422 | €510 | €415 | €968 | ▲ 133% |
| Financial charges65/66B | - | €116 | €116 | €114 | €114 | ▼ 0.1% |
| Recurring financial charges65 | €131 | €116 | €116 | €114 | €114 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | €51,814 | €62,258 | €61,156 | €77,855 | €84,080 | ▲ 8.0% |
| Income taxes67/77 | €10,926 | €13,190 | €12,758 | €16,479 | €17,891 | ▲ 8.6% |
| Profit (loss) for the period9904 | €40,888 | €49,068 | €48,397 | €61,377 | €66,189 | ▲ 7.8% |
| Profit (loss) for the period to be appropriated9905 | €40,888 | €49,068 | €48,397 | €61,377 | €66,189 | ▲ 7.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165,356 | €213,594 | €105,594 | €109,662 | €107,984 | ▼ 1.5% |
| Fixed assets21/28 | €1,078 | €638 | €2,895 | €1,939 | €2,011 | ▲ 3.7% |
| Tangible fixed assets22/27 | €1,078 | €638 | €2,895 | €1,939 | €2,011 | ▲ 3.7% |
| Furniture and vehicles24 | - | €638 | €2,895 | €1,939 | €2,011 | ▲ 3.7% |
| Current assets29/58 | €164,277 | €212,956 | €102,699 | €107,723 | €105,973 | ▼ 1.6% |
| Amounts receivable within one year40/41 | €14,545 | €39,520 | €17,444 | €20,956 | €21,218 | ▲ 1.2% |
| Trade receivables40 | - | €14,520 | €14,520 | €16,117 | €16,356 | ▲ 1.5% |
| Other amounts receivable41 | - | €25,000 | €2,924 | €4,839 | €4,862 | ▲ 0.5% |
| Cash at bank and in hand54/58 | €149,664 | €173,276 | €85,082 | €86,593 | €84,351 | ▼ 2.6% |
| Deferred charges and accrued income490/1 | - | €160 | €173 | €174 | €404 | ▲ 132% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165,356 | €213,594 | €105,594 | €109,662 | €107,984 | ▼ 1.5% |
| Equity10/15 | €153,878 | €42,946 | €33,343 | €24,720 | €32,086 | ▲ 29.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €135,278 | €24,346 | €14,743 | €6,120 | €13,486 | ▲ 120% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €22,486 | €12,883 | €6,120 | €13,486 | ▲ 120% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €11,478 | €170,648 | €72,250 | €84,942 | €75,898 | ▼ 10.6% |
| Amounts payable within one year42/48 | €11,478 | €170,648 | €72,250 | €84,942 | €75,898 | ▼ 10.6% |
| Trade debts44 | €2,059 | €1,500 | €3,151 | €1,700 | €2,028 | ▲ 19.3% |
| Suppliers440/4 | - | €1,500 | €3,151 | €1,700 | €2,028 | ▲ 19.3% |
| Taxes, remuneration and social security45 | - | €8,441 | €19,799 | €23,742 | €23,870 | ▲ 0.5% |
| Taxes450/3 | - | €8,441 | €19,799 | €23,742 | €23,870 | ▲ 0.5% |
| Other amounts payable47/48 | - | €160,707 | €49,300 | €59,500 | €50,000 | ▼ 16.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,888 | €49,068 | €48,397 | €61,377 | €66,189 | ▲ 7.8% |
| + Depreciation and write-downs630 | €242 | €440 | €1,042 | €956 | €907 | ▼ 5.1% |
| Operating cash flow (approximation) | €41,130 | €49,508 | €49,440 | €62,333 | €67,096 | ▲ 7.6% |
| Investment in fixed assets (approximation) | - | €0 | -€3,299 | €0 | -€980 | - |
| Change in cash | - | €23,612 | -€88,194 | €1,511 | -€2,242 | ▼ 248% |
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
13-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Other statement
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €66,189 ▲7.8%
Operating result €83,226, net result €66,189, both a record.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €40,888 ▼11.2%
Net result drops to €40,888, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €153,878 ▲36.2%
3 profitable years in a row build equity to €153,878.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 27.35
Current ratio from 10.28 to 27.35; short-term debt falls from €7,215 to €4,288.
31-12
Financial
Equity above €100,000Eq €112,990 ▲68.7%
2 profitable years in a row build equity to €112,990.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneState Gazette actNBB 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, Zwevegem · 1 establishment unit since 2018
Ground area
733 m²
Building footprint
111 m²
Volume, LiDAR
540 m³
Parcel 34034C0779/00L000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vuurkruisersstraat(S) 38, 8554 Zwevegem
since 20182.271.460.876
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34034C0779/00L000 | Flanders | 733 m² | 1 · 111 m² | 7.2 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
Connections & network
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This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
4 locations
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 8,992 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
Founded04-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0687540156
Also
9925:BE0687540156
Registered
02-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.