Summary
DESUTTER MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €25,276 and a net result of €86,676. Equity is shrinking by about 20% per year across the filed financial years. Its solvency ranks better than 47% of 9,732 sector peers (NACE 64, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
≈ €170,000turnover 2025, estimated
- Equity
- €25,276
- Profit
- €86,676
Turnover estimated from the gross margin
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
SignalsneutralLatest accounts filed on timeShow the evidence
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.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
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 days early
2024
104 days early
2023
78 days early
2022
122 days early
2021
89 days early
2020
26 days early
2019
23 days 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 (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 May (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €86,676 ▲31%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
Equity
€25,276▼ 21.2%
2024 · €32,086
Net result
€86,676▲ 31.0%
2024 · €66,189
Total assets
€53,836▼ 50.1%
2024 · €107,984
Solvency
46.9%▲ 17.2pp
2024 · 29.7%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 32% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€110,009
2025
Net result€86,676
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€53,836
2025
Equity€25,276
2025
Debt€28,560
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€22,541
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)161.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency46.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.79
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€61,679-€58,574▼ 5.0%€51,889▼ 11.4%€61,952▲ 19.4%€60,762▼ 1.9%€77,554▲ 27.6%€83,226▲ 7.3%€110,009▲ 32.2%
Net result€48,367-€46,024▼ 4.8%€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%€86,676above the sector's middle half▲ 31.0%
Equity€66,967-€112,990▲ 68.7%€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%€25,276below the sector's middle half▼ 21.2%
Total assets€74,182-€117,278▲ 58.1%€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%€53,836below the sector's middle half▼ 50.1%
Debt€7,215-€4,288▼ 40.6%€11,478▲ 168%€170,648▲ 15×€72,250▼ 57.7%€84,942▲ 17.6%€75,898▼ 10.6%€28,560▼ 62.4%
Working capital€66,967-€112,990▲ 68.7%€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%€22,541within the sector's middle half▼ 25.1%
Solvency90.3%-96.3%▲ 6.1pp93.1%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▲ 7.2pp46.9%within the sector's middle half▲ 17.2pp
Current ratio10.28-27.35▲ 17.0714.31above 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▲ 0.131.79within the sector's middle half▲ 0.39
Return on assets (ROA)65.2%-39.2%▼ 26.0pp24.7%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▲ 5.3pp161.0%above the sector's middle half▲ 99.7pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro 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 €53,836
Fixed assets
€2,735 ▲ 36.0%
Current assets
€51,101 ▼ 51.8%
Equity and liabilities €53,836
Equity
€25,276 ▼ 21.2%
Debt
€28,560 ▼ 62.4%
Debt's share of the balance-sheet total falls from 70.3% to 53.1%. Equity and debt are lower.
Key figures and ratios
ROE
342.9%▲
2024 · 206.3%
Debt ≤ 1 year
€28,560▼
2024 · €75,898
Income taxes
€23,923▲
2024 · €17,891
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,705 | - | €242 | €440 | €1,042 | €956 | €907 | €1,007 | ▲ 11.0% |
| Other operating charges640/8 | - | - | - | €459 | €546 | €562 | €621 | €528 | ▼ 15.1% |
| Non-recurring operating charges66A | - | - | - | - | - | €191 | €0 | - | - |
| Gross operating margin9900 | €63,385 | €58,681 | €52,131 | €62,850 | €62,350 | €79,263 | €84,755 | €111,543 | ▲ 31.6% |
| Operating profit (loss)9901 | €61,679 | €58,574 | €51,889 | €61,952 | €60,762 | €77,554 | €83,226 | €110,009 | ▲ 32.2% |
| Financial income75/76B | - | - | - | €422 | €510 | €415 | €968 | €735 | ▼ 24.2% |
| Recurring financial income75 | €33 | €138 | €56 | €422 | €510 | €415 | €968 | €735 | ▼ 24.2% |
| Financial charges65/66B | - | - | - | €116 | €116 | €114 | €114 | €145 | ▲ 27.5% |
| Recurring financial charges65 | €58 | €139 | €131 | €116 | €116 | €114 | €114 | €145 | ▲ 27.5% |
| Profit (loss) for the period before taxes9903 | €61,655 | €58,572 | €51,814 | €62,258 | €61,156 | €77,855 | €84,080 | €110,598 | ▲ 31.5% |
| Income taxes67/77 | €13,288 | €12,549 | €10,926 | €13,190 | €12,758 | €16,479 | €17,891 | €23,923 | ▲ 33.7% |
| Profit (loss) for the period9904 | €48,367 | €46,024 | €40,888 | €49,068 | €48,397 | €61,377 | €66,189 | €86,676 | ▲ 31.0% |
| Profit (loss) for the period to be appropriated9905 | €48,367 | €46,024 | €40,888 | €49,068 | €48,397 | €61,377 | €66,189 | €86,676 | ▲ 31.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €74,182 | €117,278 | €165,356 | €213,594 | €105,594 | €109,662 | €107,984 | €53,836 | ▼ 50.1% |
| Fixed assets21/28 | - | - | €1,078 | €638 | €2,895 | €1,939 | €2,011 | €2,735 | ▲ 36.0% |
| Tangible fixed assets22/27 | - | - | €1,078 | €638 | €2,895 | €1,939 | €2,011 | €2,735 | ▲ 36.0% |
| Furniture and vehicles24 | - | - | - | €638 | €2,895 | €1,939 | €2,011 | €2,735 | ▲ 36.0% |
| Current assets29/58 | €74,182 | €117,278 | €164,277 | €212,956 | €102,699 | €107,723 | €105,973 | €51,101 | ▼ 51.8% |
| Amounts receivable within one year40/41 | €13,841 | €15,084 | €14,545 | €39,520 | €17,444 | €20,956 | €21,218 | €23,183 | ▲ 9.3% |
| Trade receivables40 | - | - | - | €14,520 | €14,520 | €16,117 | €16,356 | €19,058 | ▲ 16.5% |
| Other amounts receivable41 | - | - | - | €25,000 | €2,924 | €4,839 | €4,862 | €4,125 | ▼ 15.2% |
| Cash at bank and in hand54/58 | €60,320 | €102,136 | €149,664 | €173,276 | €85,082 | €86,593 | €84,351 | €27,744 | ▼ 67.1% |
| Deferred charges and accrued income490/1 | - | - | - | €160 | €173 | €174 | €404 | €173 | ▼ 57.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €74,182 | €117,278 | €165,356 | €213,594 | €105,594 | €109,662 | €107,984 | €53,836 | ▼ 50.1% |
| Equity10/15 | €66,967 | €112,990 | €153,878 | €42,946 | €33,343 | €24,720 | €32,086 | €25,276 | ▼ 21.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €48,367 | €94,390 | €135,278 | €24,346 | €14,743 | €6,120 | €13,486 | €6,676 | ▼ 50.5% |
| 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 | €6,676 | ▼ 50.5% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €7,215 | €4,288 | €11,478 | €170,648 | €72,250 | €84,942 | €75,898 | €28,560 | ▼ 62.4% |
| Amounts payable within one year42/48 | €7,215 | €4,288 | €11,478 | €170,648 | €72,250 | €84,942 | €75,898 | €28,560 | ▼ 62.4% |
| Trade debts44 | €2,170 | €1,773 | €2,059 | €1,500 | €3,151 | €1,700 | €2,028 | €2,005 | ▼ 1.1% |
| Suppliers440/4 | - | - | - | €1,500 | €3,151 | €1,700 | €2,028 | €2,005 | ▼ 1.1% |
| Taxes, remuneration and social security45 | - | - | - | €8,441 | €19,799 | €23,742 | €23,870 | €26,555 | ▲ 11.2% |
| Taxes450/3 | - | - | - | €8,441 | €19,799 | €23,742 | €23,870 | €26,555 | ▲ 11.2% |
| Other amounts payable47/48 | - | - | - | €160,707 | €49,300 | €59,500 | €50,000 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,367 | €46,024 | €40,888 | €49,068 | €48,397 | €61,377 | €66,189 | €86,676 | ▲ 31.0% |
| + Depreciation and write-downs630 | €1,705 | - | €242 | €440 | €1,042 | €956 | €907 | €1,007 | ▲ 11.0% |
| Operating cash flow (approximation) | €50,072 | €46,024 | €41,130 | €49,508 | €49,440 | €62,333 | €67,096 | €87,682 | ▲ 30.7% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€3,299 | €0 | -€980 | -€1,731 | ▼ 76.7% |
| Change in cash | - | €41,816 | €47,528 | €23,612 | -€88,194 | €1,511 | -€2,242 | -€56,606 | ▼ 2,425% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00223929 |
| 31-12-2024 | micro format | 18-04-2025 | 2025-00075237 |
| 31-12-2023 | micro format | 14-05-2024 | 2024-00087547 |
| 31-12-2022 | micro format | 31-03-2023 | 2023-00050634 |
| 31-12-2021 | micro format | 03-05-2022 | 2022-20017764 |
| 31-12-2020 | micro format | 05-07-2021 | 2021-30100149 |
| 31-12-2019 | micro format | 08-07-2020 | 2020-28100314 |
| 31-12-2018 | abbreviated format | 01-07-2019 | 2019-25100482 |
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Of the 24,457 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,067. 8,445 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2023
Filip Desutter
CurrentDirector (not named in the articles) · since 04-07-2023
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 2 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2023, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Filip Desutter |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe board mandates are listed below; here you explore them as a network.
This company
Company
Director
Shareholding
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Board mandates elsewhere
3 board mandatesBoard mandates of this companythis company sits on their board3
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
31-12
Financial
Highest result from 2018 to 2025net €86,676 ▲31%
Operating result €110,009, net result €86,676, both a record.
18-04
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
14-05
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
04-07
Gazette deed
Resignation: Filip Desutter (manager)Appointment: Filip Desutter (director) · Legal-form conversion · Amendment of the articles8 facts ▸
Gazette deed
Resignation: Filip Desutter (manager)
Appointment: Filip Desutter (director) · Legal-form conversion · Amendment of the articles8 facts ▸
- General meeting, 26-06-2023
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Amendment of the articles (2 times)
- Reserve release, “beschikbaar voor uitkering” (deed in Dutch)
- Director resignation, Filip Desutter (manager)
- Director appointment, Filip Desutter (director (not named in the articles))
- Director discharge, Filip Desutter
- Power of attorney
31-03
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
03-05
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
05-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Equity above €150,000equity €153,878 ▲36.2%
A profit in every financial year since 2018 builds equity to €153,878.
08-07
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
31-12
Financial
Liquidity more than doubledcurrent 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 €100,000equity €112,990 ▲68.7%
A profit in every financial year since 2018 builds equity to €112,990.
01-07
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 2 deeds read
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded04-01-2018
Financial 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 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Zwevegem · 1 establishment unit since 2018
Ground area
733 m²
Building footprint
111 m²
Building volume
540 m³
Parcel 34034C0779/00L000, Flanders · tallest building 7.3 m. Linked by address, not a title deed.
1 establishment unit
Vuurkruisersstraat(S) 38, 8554 Zwevegem
since 2018unit no. 2.271.460.876
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34034C0779/00L000 | Flanders | 733 m² | 1 · 111 m² | 7.2 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.