DESVAN
ActiveSummary
DESVAN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €899,871 and a net result of €4,773. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 45% of 5071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-16
Solvency66▲+8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.28 in 2024; short-term debt: 34.7% and cash: 13.2% of total assets), but 58.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
41.2%
Return on assets
0.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d late
2023
27 d late
2022
27 d late
2021
25 d late
2020
26 d late
2019
65 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 6 days after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 25 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4,773▼ 98.7%
2024 · €357,082
Working capital
€391,896▲ 15.3%
2024 · €339,977
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 46, Wholesale trade, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13,875▼ 84.3%€237,566▲ 1,612%€159,830▼ 32.7%€532,659▲ 233%€14,457▼ 97.3%
Net result€13,144within the sector's middle half▼ 82.4%€193,325within the sector's middle half▲ 1,371%€119,186within the sector's middle half▼ 38.3%€357,082within the sector's middle half▲ 200%€4,773within the sector's middle half▼ 98.7%
Equity€386,931within the sector's middle half▲ 0.9%€495,878within the sector's middle half▲ 28.2%€607,732within the sector's middle half▲ 22.6%€899,181within the sector's middle half▲ 48.0%€899,871within the sector's middle half▲ 0.1%
Total assets€1.5mwithin the sector's middle half▼ 15.4%€2.0mwithin the sector's middle half▲ 35.2%€2.1mwithin the sector's middle half▲ 1.0%€2.8mwithin the sector's middle half▲ 34.3%€2.2mwithin the sector's middle half▼ 20.9%
Debt€1.1m▼ 19.9%€1.5m▲ 37.7%€1.4m▼ 5.9%€1.9m▲ 28.6%€1.3m▼ 31.1%
Working capital€163,360within the sector's middle half▲ 8.2%-€190,330below the sector's middle half€103,072within the sector's middle half€339,977within the sector's middle half▲ 230%€391,896within the sector's middle half▲ 15.3%
Solvency25.7%within the sector's middle half▲ 4.1pp24.4%within the sector's middle half▼ 1.3pp29.6%within the sector's middle half▲ 5.2pp32.6%within the sector's middle half▲ 3.0pp41.2%within the sector's middle half▲ 8.6pp
Current ratio1.33within the sector's middle half▲ 0.110.81below the sector's middle half▼ 0.531.16within the sector's middle half▲ 0.351.28within the sector's middle half▲ 0.121.52within the sector's middle half▲ 0.24
Return on assets (ROA)0.9%below the sector's middle half▼ 3.3pp9.5%within the sector's middle half▲ 8.6pp5.8%within the sector's middle half▼ 3.7pp12.9%above the sector's middle half▲ 7.1pp0.2%within the sector's middle half▼ 12.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 97% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.0m ▼ 13.7%
Current assets
€1.1m ▼ 26.4%
Equity and liabilities €2.2m
Equity
€899,871 ▲ 0.1%
Debt
€1.3m ▼ 31.1%
Debt's share of the balance-sheet total falls from 67.4% to 58.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€209,876▼
2024 · €726,614
Cash flow
€200,191▼
2024 · €551,037
Quick ratio
1.26▲
2024 · 1.16
Debt to equity
1.42▼
2024 · 2.07
ROE
0.5%▼
2024 · 39.7%
Interest coverage
12.02▼
2024 · 41.44
Debt ≤ 1 year
€758,053▼
2024 · €1.2m
Debt > 1 year
€524,058▼
2024 · €637,098
Income taxes
€548▼
2024 · €170,662
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 6,048 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 | - | €85,700 | - | - | €941 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €137,405 | €130,939 | €180,537 | €193,955 | €195,419 | ▲ 0.8% |
| Other operating charges640/8 | - | €3,314 | €2,451 | €7,486 | €4,736 | ▼ 36.7% |
| Non-recurring operating charges66A | - | - | - | - | €222 | - |
| Gross operating margin9900 | €153,310 | €371,818 | €342,818 | €734,100 | €214,833 | ▼ 70.7% |
| Operating profit (loss)9901 | €13,875 | €237,566 | €159,830 | €532,659 | €14,457 | ▼ 97.3% |
| Financial income75/76B | - | €9,179 | €7,351 | €12,618 | €8,328 | ▼ 34.0% |
| Recurring financial income75 | €11,293 | €9,179 | €7,351 | €12,618 | €8,328 | ▼ 34.0% |
| Financial charges65/66B | - | €10,661 | €10,032 | €17,533 | €17,465 | ▼ 0.4% |
| Recurring financial charges65 | €10,237 | €10,661 | €10,032 | €17,533 | €17,465 | ▼ 0.4% |
| Profit (loss) for the period before taxes9903 | €14,931 | €236,084 | €157,149 | €527,744 | €5,320 | ▼ 99.0% |
| Income taxes67/77 | €1,787 | €42,759 | €37,963 | €170,662 | €548 | ▼ 99.7% |
| Profit (loss) for the period9904 | €13,144 | €193,325 | €119,186 | €357,082 | €4,773 | ▼ 98.7% |
| Profit (loss) for the period to be appropriated9905 | €13,144 | €193,325 | €119,186 | €357,082 | €4,773 | ▼ 98.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €2.0m | €2.1m | €2.8m | €2.2m | ▼ 20.9% |
| Fixed assets21/28 | €851,476 | €1.2m | €1.3m | €1.2m | €1.0m | ▼ 13.7% |
| Tangible fixed assets22/27 | €851,476 | €1.2m | €1.3m | €1.2m | €1.0m | ▼ 13.7% |
| Land and buildings22 | - | €498,285 | €452,687 | €407,089 | €361,491 | ▼ 11.2% |
| Plant, machinery and equipment23 | - | €489,518 | €646,208 | €591,183 | €527,722 | ▼ 10.7% |
| Furniture and vehicles24 | - | €240,834 | €187,955 | €160,030 | €114,000 | ▼ 28.8% |
| Leasing and similar rights25 | - | - | - | €38,000 | €28,821 | ▼ 24.2% |
| Current assets29/58 | €651,601 | €803,940 | €766,825 | €1.6m | €1.1m | ▼ 26.4% |
| Stocks and contracts in progress3 | €81,152 | €94,286 | €190,344 | €139,834 | €191,172 | ▲ 36.7% |
| Stocks30/36 | - | €94,286 | €190,344 | €139,834 | €191,172 | ▲ 36.7% |
| Amounts receivable within one year40/41 | €216,226 | €155,366 | €124,816 | €586,059 | €670,275 | ▲ 14.4% |
| Trade receivables40 | - | €87,462 | €113,092 | €586,059 | €670,275 | ▲ 14.4% |
| Other amounts receivable41 | - | €67,904 | €11,723 | - | - | - |
| Current investments50/53 | - | - | €300,000 | - | - | - |
| Cash at bank and in hand54/58 | €349,078 | €551,082 | €142,889 | €828,133 | €287,226 | ▼ 65.3% |
| Deferred charges and accrued income490/1 | - | €3,206 | €8,776 | €8,512 | €1,277 | ▼ 85.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €2.0m | €2.1m | €2.8m | €2.2m | ▼ 20.9% |
| Equity10/15 | €386,931 | €495,878 | €607,732 | €899,181 | €899,871 | ▲ 0.1% |
| Contributions10/11 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €281,225 | €369,300 | €488,486 | €787,186 | €787,186 | = |
| Non-distributable reserves130/1 | - | €3,000 | €3,000 | - | - | - |
| Reserves not available under the articles1311 | - | €3,000 | €3,000 | - | - | - |
| Distributable reserves133 | - | €366,300 | €485,486 | €787,186 | €787,186 | = |
| Profit (loss) carried forward14 | €28,881 | €57,206 | €57,206 | €57,288 | €62,061 | ▲ 8.3% |
| Investment grants15 | - | €39,372 | €32,040 | €24,707 | €20,624 | ▼ 16.5% |
| Amounts payable17/49 | €1.1m | €1.5m | €1.4m | €1.9m | €1.3m | ▼ 31.1% |
| Amounts payable after more than one year17 | €627,905 | €542,429 | €782,190 | €637,098 | €524,058 | ▼ 17.7% |
| Financial debts170/4 | - | €542,429 | €782,190 | €637,098 | €524,058 | ▼ 17.7% |
| Amounts payable within one year42/48 | €488,241 | €994,270 | €663,752 | €1.2m | €758,053 | ▼ 38.0% |
| Current portion of amounts payable after more than one year42 | - | €143,809 | €190,238 | €182,659 | €113,040 | ▼ 38.1% |
| Financial debts43 | - | €30,006 | - | €75,000 | €75,000 | = |
| Credit institutions430/8 | - | €30,006 | - | €75,000 | €75,000 | = |
| Trade debts44 | €160,919 | €586,908 | €246,195 | €569,142 | €466,950 | ▼ 18.0% |
| Suppliers440/4 | - | €586,908 | €246,195 | €569,142 | €466,950 | ▼ 18.0% |
| Taxes, remuneration and social security45 | - | €43,699 | €37,963 | €164,464 | €29,021 | ▼ 82.4% |
| Taxes450/3 | - | €43,699 | €37,963 | €152,464 | €29,021 | ▼ 81.0% |
| Remuneration and social security454/9 | - | - | - | €12,000 | - | - |
| Other amounts payable47/48 | - | €189,848 | €189,356 | €231,297 | €74,042 | ▼ 68.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,144 | €193,325 | €119,186 | €357,082 | €4,773 | ▼ 98.7% |
| + Depreciation and write-downs630 | €137,405 | €130,939 | €180,537 | €193,955 | €195,419 | ▲ 0.8% |
| Operating cash flow (approximation) | €150,549 | €324,263 | €299,724 | €551,037 | €200,191 | ▼ 63.7% |
| Investment in fixed assets (approximation) | - | -€508,100 | -€238,750 | -€103,407 | -€31,150 | ▲ 69.9% |
| Change in cash | - | €202,004 | -€408,193 | €685,244 | -€540,907 | ▼ 179% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet €4,773 ▼98.7%
Net result drops to €4,773, the lowest in the series.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 3 days late
2024
30-06
Financial
Highest result since 2019net €357,082 ▲200%
Operating result €532,659, net result €357,082, both a record.
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
30-06
Financial
Equity above €500,000Eq €607,732 ▲22.6%
5 profitable years in a row build equity to €607,732.
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 27 days late
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brugelette · 1 establishment unit since 2010
Ground area
2,053 m²
Building footprint
153 m²
Parcel 53015B0345/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
DESVAN
since 20102.189.165.680
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53015B0345/00F000 | Wallonia | 2,053 m² | 1 · 153 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugelette2.189.165.680
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Of 141 companies in this sector we hold annual accounts for 97. 66 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded12-05-2010
Fiscal year end30-06
Activities, NACEBEL 2025
46311Wholesale trade
01610Support activities for crop production
46214Wholesale trade
46319Wholesale of fruit and vegetables, excluding potatoes
47210Retail sale of fruit and vegetables
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825900461
Also
9925:BE0825900461
Registered
02-12-2025
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.