IDESA
ActiveSummary
IDESA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €994,880 and a net result of €107,162. Equity is shrinking by ~2.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+4
Solvency62▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.57 in 2024; short-term debt: 9% and cash: 4.3% of total assets), and 63% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
37%
Return on assets
4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €994,880
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
39 d early
2023
46 d early
2022
55 d early
2021
50 d early
2020
32 d early
2019
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 42 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€994,880▲ 7.6%
2024 · €924,898
Total assets
€2.7m▼ 2.2%
2024 · €2.7m
Net result
€107,162▲ 18.2%
2024 · €90,659
Working capital
-€89,252▼ 6.6%
2024 · -€83,715
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€136,345▼ 2.5%€142,868▲ 4.8%€189,792▲ 32.8%€196,880▲ 3.7%€209,460▲ 6.4%
Net result€68,267▼ 6.4%€71,382▲ 4.6%€96,000▲ 34.5%€90,659▼ 5.6%€107,162▲ 18.2%
Equity€1.3m▲ 5.7%€779,365▼ 38.0%€875,365▲ 12.3%€924,898▲ 5.7%€994,880▲ 7.6%
Total assets€3.0m▼ 1.0%€2.9m▼ 4.6%€2.8m▼ 0.9%€2.7m▼ 3.6%€2.7m▼ 2.2%
Debt€1.8m▼ 5.3%€2.1m▲ 19.3%€2.0m▼ 5.9%€1.8m▼ 7.7%€1.7m▼ 7.2%
Working capital-€574,630▲ 8.6%-€103,686▲ 82.0%-€86,124▲ 16.9%-€83,715▲ 2.8%-€89,252▼ 6.6%
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 has risen four years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€2.5m ▼ 3.9%
Current assets
€151,504 ▲ 39.3%
Equity and liabilities €2.7m
Equity
€994,880 ▲ 7.6%
Debt
€1.7m ▼ 7.2%
Debt's share of the balance-sheet total falls from 66.3% to 63.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€334,604▲
2024 · €321,669
Cash flow
€232,306▲
2024 · €215,448
Current ratio
0.63▲
2024 · 0.57
Debt to equity
1.70▼
2024 · 1.97
ROE
10.8%▲
2024 · 9.8%
ROA
4.0%▲
2024 · 3.3%
Interest coverage
6.49▲
2024 · 5.62
Debt ≤ 1 year
€240,756▲
2024 · €192,496
Debt > 1 year
€1.4m▼
2024 · €1.6m
Income taxes
€50,716▲
2024 · €49,026
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 14,733 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €115,342 | €121,557 | €123,209 | €124,790 | €125,144 | ▲ 0.3% |
| Other operating charges640/8 | €38,151 | €20,517 | €22,484 | €23,399 | €24,133 | ▲ 3.1% |
| Gross operating margin9900 | €289,838 | €284,942 | €335,485 | €345,068 | €358,737 | ▲ 4.0% |
| Operating profit (loss)9901 | €136,345 | €142,868 | €189,792 | €196,880 | €209,460 | ▲ 6.4% |
| Financial income75/76B | €1 | - | - | - | - | - |
| Recurring financial income75 | €1 | - | - | - | - | - |
| Financial charges65/66B | €34,726 | €38,102 | €55,681 | €57,195 | €51,581 | ▼ 9.8% |
| Recurring financial charges65 | €34,726 | €38,102 | €55,681 | €57,195 | €51,581 | ▼ 9.8% |
| Profit (loss) for the period before taxes9903 | €101,619 | €104,765 | €134,111 | €139,685 | €157,879 | ▲ 13.0% |
| Income taxes67/77 | €33,352 | €33,383 | €38,111 | €49,026 | €50,716 | ▲ 3.4% |
| Profit (loss) for the period9904 | €68,267 | €71,382 | €96,000 | €90,659 | €107,162 | ▲ 18.2% |
| Profit (loss) for the period to be appropriated9905 | €68,267 | €71,382 | €96,000 | €90,659 | €107,162 | ▲ 18.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €2.9m | €2.8m | €2.7m | €2.7m | ▼ 2.2% |
| Fixed assets21/28 | €2.8m | €2.8m | €2.8m | €2.6m | €2.5m | ▼ 3.9% |
| Tangible fixed assets22/27 | €2.8m | €2.8m | €2.8m | €2.6m | €2.5m | ▼ 3.9% |
| Land and buildings22 | €2.8m | €2.8m | €2.7m | €2.6m | €2.5m | ▼ 3.8% |
| Plant, machinery and equipment23 | - | €2,940 | €2,239 | €1,538 | €837 | ▼ 45.6% |
| Furniture and vehicles24 | €10,793 | €8,994 | €7,195 | €5,397 | €3,598 | ▼ 33.3% |
| Current assets29/58 | €187,212 | €83,636 | €93,639 | €108,781 | €151,504 | ▲ 39.3% |
| Amounts receivable after more than one year29 | €105,687 | - | - | €16,387 | €31,428 | ▲ 91.8% |
| Other amounts receivable291 | €105,687 | - | - | €16,387 | €31,428 | ▲ 91.8% |
| Amounts receivable within one year40/41 | €31,917 | €5,000 | - | €2,275 | €75 | ▼ 96.7% |
| Trade receivables40 | - | - | - | €2,200 | - | - |
| Other amounts receivable41 | €31,917 | €5,000 | - | €75 | €75 | = |
| Cash at bank and in hand54/58 | €45,914 | €74,631 | €82,998 | €85,554 | €115,140 | ▲ 34.6% |
| Deferred charges and accrued income490/1 | €3,695 | €4,005 | €10,640 | €4,566 | €4,860 | ▲ 6.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €2.9m | €2.8m | €2.7m | €2.7m | ▼ 2.2% |
| Equity10/15 | €1.3m | €779,365 | €875,365 | €924,898 | €994,880 | ▲ 7.6% |
| Contributions10/11 | €1.0m | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Reserves13 | €191,310 | €262,692 | €358,692 | €408,225 | €478,207 | ▲ 17.1% |
| Non-distributable reserves130/1 | €21,785 | - | - | - | - | - |
| Reserves not available under the articles1311 | €21,785 | - | - | - | - | - |
| Distributable reserves133 | €169,524 | €262,692 | €358,692 | €408,225 | €478,207 | ▲ 17.1% |
| Profit (loss) carried forward14 | €16,673 | €16,673 | €16,673 | €16,673 | €16,673 | = |
| Amounts payable17/49 | €1.8m | €2.1m | €2.0m | €1.8m | €1.7m | ▼ 7.2% |
| Amounts payable after more than one year17 | €992,957 | €1.9m | €1.8m | €1.6m | €1.4m | ▼ 11.1% |
| Financial debts170/4 | €985,457 | €1.1m | €960,833 | €870,612 | €680,292 | ▼ 21.9% |
| Other amounts payable178/9 | €7,500 | €857,242 | €813,962 | €737,769 | €748,879 | ▲ 1.5% |
| Amounts payable within one year42/48 | €761,842 | €187,322 | €179,763 | €192,496 | €240,756 | ▲ 25.1% |
| Current portion of amounts payable after more than one year42 | €110,176 | €156,956 | €156,915 | €183,222 | €190,320 | ▲ 3.9% |
| Trade debts44 | €272 | €15,156 | €1,364 | €208 | €20,654 | ▲ 9,833% |
| Suppliers440/4 | €272 | €15,156 | €1,364 | €208 | €20,654 | ▲ 9,833% |
| Taxes, remuneration and social security45 | €24,122 | €15,210 | €21,483 | €9,066 | €29,782 | ▲ 229% |
| Taxes450/3 | €24,122 | €15,210 | €21,483 | €9,066 | €29,782 | ▲ 229% |
| Other amounts payable47/48 | €627,273 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €3,000 | - | €19,755 | €20,703 | €21,386 | ▲ 3.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,267 | €71,382 | €96,000 | €90,659 | €107,162 | ▲ 18.2% |
| + Depreciation and write-downs630 | €115,342 | €121,557 | €123,209 | €124,790 | €125,144 | ▲ 0.3% |
| Operating cash flow (approximation) | €183,609 | €192,939 | €219,209 | €215,448 | €232,306 | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | -€87,825 | -€86,261 | -€6,448 | -€22,135 | ▼ 243% |
| Change in cash | - | €28,718 | €8,367 | €2,556 | €29,586 | ▲ 1,057% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €68,267 ▼6.4%
Net result drops to €68,267, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Gent · 1 establishment unit since 2003
Ground area
261 m²
Building footprint
132 m²
Volume, LiDAR
1,446 m³
Parcel 44815F0995/02K000, Flanders · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Oude Houtlei 113, 9000 Gent
since 20032.196.444.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F0995/02K000 | Flanders | 261 m² | 1 · 132 m² | 17.2 m · 5 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded17-10-2003
Fiscal year end31-12
Contact
E-mail
info@idesa-aalter.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0861151944
Also
9925:BE0861151944
Registered
01-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.