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LUCIEN DESMIT

Active
Private limited companyfounded 2007active for 19 yearsLangestraat 108, 8400 Oostende, BelgiumKBO/BCE: BE 0890.682.407
Summary

LUCIEN DESMIT has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €599,133 and a net result of €68,058. Equity remains stable across the filed financial years (±1.9% per year). Its solvency ranks better than 77% of 170 sector peers (NACE 50, financial year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Water transport
NACE 50200Fishing and aquaculture NACE 03110
9th largest company by equity in West Flanders, Water transport sector3 sites
Size
€763,318total assets 2024
Staff
9.3 FTE
Equity
€599,133
Profit
€68,058
Turnover not published (abbreviated or micro format)
Financial health
57 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Accounts 73 days overdue0 of 1 deed read
Why 57raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 08-09-2025)lowers riskLiquidity: current ratio 2.39, cash €259,452Sector: Water transport (NACE 50)Equity €599,133 (78.5% of total assets)Show the evidence

Checked score

Score 2024
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 78% of its sector peers (NACE 50, micro)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency 100=
equity 78.5% of total assets
Liquidity 85+13
short-term debt 21.5% · cash 34.0%
Profitability 80+6
return on assets 8.9%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (261 companies, NACE 50, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025highest value 10-2025: < 0.1%▼ -0.2 percentage points vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €30,000 on 30-day terms, only on tighter conditions
Liquidity ample (current ratio 2.39, compared with 2.26 in 2023; short-term debt: 21.5% and cash: 34% of total assets), and 21.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 50, micro): better than 88% on solvency, 83% on liquidity, 73% on profitability and 67% on growth.

The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 2.39, cash €259,452
NBB · annual accounts
lowers risk · Sector: Water transport (NACE 50)
KBO
raises risk · Figures for financial year 2024 (filed 08-09-2025)
NBB · annual accounts
lowers risk · Equity €599,133 (78.5% of total assets)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €599,133
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 73 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline12-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
29 days late
2023
49 days late
2022
162 days late
2021
31 days late
2020
4 days early
2019
61 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 55 days after the deadline; the sector median (NACE 50) for financial year 2024 is 3 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Highest result from 2018 to 2024net €68,058 ▲158%
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Positive: Staff rose in 2024from 3.6 FTE to 9.3 FTE ▲ 158% View
  • Caution: Accounts not fileddeadline was 31-07-2026 73 days late View
  • Positive: Among the best 15% on net resultsector median €10,425 · 171 companies €68,058 View
  • Flemish supportawarded from 2022 to 2025 €932,014 View

By topic

Financials

Financial year
2024
Total assets
€763,318
Profit
€68,058
Solvency
78.5%
Total assets▲ 16.4%
Net result
20182024
Go to Financials

Timeline

Events
21
Since
2009
  1. 09-01-2024Annual accounts filed
  2. 31-12-2023Back to profit
  3. 31-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
3
Legal form
Private limited company
Activity
Water transportNACE 50200
Founded
29-06-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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