Laurence Desmet
ActiveSummary
The computed 12-month bankruptcy probability of Laurence Desmet is 2.7% (moderate). The 2024 annual accounts show equity of €14k and a net result of €-10k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 35% of 26043 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability37▼-24
Solvency40▼-8
Growth52=
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.78 against 1.02 in 2023; short-term debt: 34.7% and cash: 4.3% of total assets), and 84.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
15.4%
Return on assets
-11%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year €-10k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
50 d early
2022
32 d early
2021
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€14k▼ 41.7%
2023 · €24k
2021: €6k
2022: €25k
2023: €24k
2021 → 2024
Total assets
€90k▼ 13.2%
2023 · €104k
2021: €18k
2022: €41k
2023: €104k
2021 → 2024
Net result
€-10k▼ 527%
2023 · €-2k
2021: €4k
2022: €20k
2023: €-2k
2021 → 2024
Working capital
€-7k
2023 · €452
2021: €6k
2022: €23k
2023: €452
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€6k-€25k▲ 352%€24k▼ 6.2%€14k▼ 41.7%
Operating result€5k-€28k▲ 451%€540▼ 98.0%€-7k
Net result€4k-€20k▲ 446%€-2k€-10k▼ 527%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7k after €540 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €90k
Fixed assets
€66k ▼ 21.6%
Current assets
€24k ▲ 22.5%
Equity and liabilities €90k
Equity
€14k ▼ 41.7%
Debt
€76k ▼ 4.7%
Debt's share of the balance-sheet total rises from 77.0% to 84.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12k▲
2023 · €7k
Cash flow
€8k▲
2023 · €5k
Current ratio
0.78▼
2023 · 1.02
Quick ratio
0.49▼
2023 · 0.57
Debt to equity
5.48▲
2023 · 3.35
ROE
-71.4%▼
2023 · -6.6%
ROA
-11.0%▼
2023 · -1.5%
Interest coverage
3.84▼
2023 · 5.34
Debt ≤ 1 year
€31k▲
2023 · €19k
Debt > 1 year
€45k▼
2023 · €60k
Income taxes
€332▼
2023 · €761
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€104k€90k▼
Fixed assets21/28€84k€66k▼
Tangible fixed assets22/27€84k€66k▼
Furniture and vehicles24€84k€66k▼
Current assets29/58€20k€24k▲
Stocks and contracts in progress3€9k€9k=
Stocks30/36€9k€9k=
Amounts receivable within one year40/41€6k€10k▲
Trade receivables40€941€6k▲
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€104k€90k▼
Equity10/15€24k€14k▼
Contributions10/11€2k€2k=
Reserves13€23k€23k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€-2k€-12k▼
Amounts payable17/49€80k€76k▼
Amounts payable after more than one year17€60k€45k▼
Financial debts170/4€60k€45k▼
Amounts payable within one year42/48€19k€31k▲
Current portion of amounts payable after more than one year42€15k€16k▲
Financial debts43€0€4k▲
Credit institutions430/8€0€4k▲
Trade debts44€4k€905▼
Suppliers440/4€4k€905▼
Taxes, remuneration and social security45€219€2k▲
Taxes450/3€219€2k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€0€9k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€18k▲
Other operating charges640/8€601€2k▲
Gross operating margin9900€8k€13k▲
Operating profit (loss)9901€540€-7k▼
Financial income75/76B€14€8▼
Recurring financial income75€14€8▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€-822€-10k▼
Income taxes67/77€761€332▼
Profit (loss) for the period9904€-2k€-10k▼
Profit (loss) for the period to be appropriated9905€-2k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-12k▼
Profit (loss) brought forward from the previous period14P-€-2k
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €20k ▲446%
Operating result €28k, net result €20k, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wortegem-Petegem · 1 establishment unit since 2021
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.
Oudenaardseweg (W.-M.) 959790 Wortegem-PetegemGround area
7,116 m²
Building footprint
547 m²
Parcel 45025A0155/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
Laurence Desmet
since 20212.320.402.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45025A0155/00C000 | Flanders | 7,116 m² | 1 · 547 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CLAUDIA COLLECTIONS
BE 0717.627.675
Lier · Eq €13,860
LA GALERIE DE LA BANDE DESSINEE
BE 0790.446.466
Elsene · Eq €13,825
BOPICO
BE 0412.555.153
Tessenderlo-Ham · Eq €14,005
NEW ART GALLERY
BE 0453.782.133
Nivelles · Eq €14,398
FDFA
BE 0662.349.553
Knokke-Heist · Eq €14,468
Of 1,435 companies in sector 47791 we hold annual accounts for 455. 246 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47791Retail sale of antiques
47530Retail trade
47715Retail trade
47721Retail sale of footwear
47722Retail trade
74130Interior design
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.