GROUP DESARD
ActiveGROUP DESARD has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €216k and a net result of €74k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 27386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency82▲+36
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.26 in 2024), but 56.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
43.5%
Return on assets
14.8%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
25 d late
2023
12 d late
2022
11 d late
2021
25 d late
2020
89 d late
2019
137 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€216k▲ 51.7%
2024 · €142k
2018: €-11k
2019: €33k
2020: €-263k
2021: €-212k
2022: €-172k
2023: €-41k
2024: €142k
2018 → 2025
Total assets
€496k▼ 7.8%
2024 · €538k
2018: €917k
2019: €797k
2020: €764k
2021: €675k
2022: €722k
2023: €803k
2024: €538k
2018 → 2025
Net result
€74k▼ 60.0%
2024 · €184k
2018: €-105k
2019: €44k
2020: €-296k
2021: €51k
2022: €40k
2023: €131k
2024: €184k
2018 → 2025
Working capital
€163k▲ 81.0%
2024 · €90k
2018: €-7k
2019: €-31k
2020: €-247k
2021: €-194k
2022: €-193k
2023: €-61k
2024: €90k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-212k-€-172k▲ 18.6%€-41k▲ 75.9%€142k€216k▲ 51.7%
Operating result€69k-€51k▼ 26.8%€143k▲ 183%€188k▲ 31.0%€96k▼ 48.8%
Net result€51k-€40k▼ 22.5%€131k▲ 231%€184k▲ 40.2%€74k▼ 60.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €496k
Fixed assets
€104k▼ 0.2%
Current assets
€392k▼ 9.6%
Equity and liabilities €496k
Equity
€216k▲ 51.7%
Debt
€280k▼ 29.1%
The debt ratio falls from 73.6% to 56.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€130k▼
2024 · €223k
Cash flow
€107k▼
2024 · €218k
Solvency
43.5%▲
2024 · 26.4%
Current ratio
1.71▲
2024 · 1.26
Quick ratio
1.48▲
2024 · 1.06
Debt / equity
1.30▼
2024 · 2.78
ROE
34.1%▼
2024 · 129.2%
ROA
14.8%▼
2024 · 34.1%
Interest coverage
31.62▼
2024 · 159.77
Debt
€280k▼
2024 · €396k
Debt ≤ 1 year
€229k▼
2024 · €344k
Debt > 1 year
€48k▼
2024 · €52k
Income taxes
€20k▲
2024 · €3k
Staff costs
€96k▲
2024 · €81k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€538k€496k▼
Fixed assets21/28€104k€104k▼
Intangible fixed assets21-€228
Tangible fixed assets22/27€101k€93k▼
Plant, machinery and equipment23€29k€18k▼
Furniture and vehicles24€30k€50k▲
Leasing and similar rights25€14k€0▼
Other tangible fixed assets26€28k€25k▼
Financial fixed assets28€3k€10k▲
Current assets29/58€434k€392k▼
Stocks and contracts in progress3€68k€53k▼
Stocks30/36€68k€53k▼
Amounts receivable within one year40/41€150k€69k▼
Trade receivables40€44k€43k▼
Other amounts receivable41€107k€27k▼
Cash at bank and in hand54/58€213k€267k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€538k€496k▼
Equity10/15€142k€216k▲
Contributions10/11€19k€19k=
Reserves13€124k€197k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€122k€195k▲
Amounts payable17/49€396k€280k▼
Amounts payable after more than one year17€52k€48k▼
Financial debts170/4€52k€48k▼
Amounts payable within one year42/48€344k€229k▼
Current portion of amounts payable after more than one year42€10k€4k▼
Financial debts43€145€9k▲
Credit institutions430/8€145€9k▲
Trade debts44€136k€70k▼
Suppliers440/4€136k€70k▼
Taxes, remuneration and social security45€99k€44k▼
Taxes450/3€82k€31k▼
Remuneration and social security454/9€17k€12k▼
Other amounts payable47/48€99k€103k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Non-recurring operating income76A€61k€15k▼
Remuneration, social security and pensions62€81k€96k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€33k▼
Other operating charges640/8€17k€19k▲
Gross operating margin9900€321k€244k▼
Operating profit (loss)9901€188k€96k▼
Financial income75/76B€1€2k▲
Recurring financial income75€1€2k▲
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€187k€94k▼
Income taxes67/77€3k€20k▲
Profit (loss) for the period9904€184k€74k▼
Profit (loss) for the period to be appropriated9905€184k€74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€109k€74k▼
Profit (loss) brought forward from the previous period14P€-74k-
Transfer to equity691/2€109k€74k▼
To other reserves6921€109k€74k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €200kEq €216k ▲51.7%
5 profitable years in a row build equity to €216k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2018net €184k ▲40.2%
Operating result €188k, net result €184k, both a record.
31-12
Financial
Equity above €100kEq €142k
4 profitable years in a row build equity to €142k.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
31-12
Financial
Weakest financial yearnet €-296k ▼779%
Net result drops to €-296k, the lowest in the series; recovery starts the following year.
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 137 days late
2019
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zoutleeuw · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Budingenweg 253440 ZoutleeuwGround area
4,708 m²
Building footprint
457 m²
Volume, LiDAR
2,106 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Group Desard G.A.P.
since 20062.159.171.203
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24130C0337/00A000 | Flanders | 3,908 m² | 1 · 277 m² | 8.7 m · 1 fl. |
| 24130C0037/00R000 | Flanders | 800 m² | 1 · 181 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 2,600 EUR awarded · 2,600 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,078 EUR | 2,078 EUR |
| 2024 | 1 | 522 EUR | 522 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteZoutleeuw2.159.171.203
Similar companies · same sector, comparable size
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ConstruBuild
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LIMINDA
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 11,789 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2006
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43120Site preparation
45112
42110Construction of roads and motorways
43240Other construction installation
43299Specialised construction activities
43350Other building finishing work
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47300Retail sale of automotive fuel
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
49410Freight transport by road
49500Land transport and transport via pipelines
52112
52481
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.