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DESCAR

Harelbeke ·KBO/BCE: BE 0405.332.613

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Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	16-07-2024	15 d early	2024-00259199
31-12-2022	31-07-2023	12-07-2023	19 d early	2023-00229166
31-12-2021	31-07-2022	13-07-2022	18 d early	2022-20198177
31-12-2020	31-07-2021	20-07-2021	11 d early	2021-37800371
31-12-2019	31-07-2020	06-10-2020	67 d late	2020-59700530
31-12-2018	31-07-2019	19-07-2019	12 d early	2019-35500247
31-12-2017	31-07-2018	10-07-2018	21 d early	2018-31800058
31-12-2016	31-07-2017	24-07-2017	7 d early	2017-35400474
31-12-2015	31-07-2016	20-07-2016	11 d early	2016-34900587
31-12-2014	31-07-2015	24-07-2015	7 d early	2015-36200491

Metric	This company	Sector median	Position in the sector
Solvency	78.1%	33.5%	better than 95% of 32 sector peers
Net result	€71k	€22k	better than 71% of 32 sector peers
Equity	€1.43M	€237k	better than 74% of 32 sector peers
Total assets	€1.83M	€1.51M	better than 55% of 32 sector peers

Fiscal year	2023
Deposit	verkort
Revenue	-
EBITDA	€39k
Net profit	€71k
Cash flow	€77k
Staff costs	€1.22M
Income taxes	€33k
Dividends	€0
Total assets	€1.83M
Equity	€1.43M
Debt	€401k
of which ≤ 1y	€401k
of which > 1y	-
Working capital	€-116k
Employees (FTE)	23.3

	2023
Current ratio	0.71
Quick ratio	0.71
Working capital ratio	-6.3%
Solvency	78.1%
Debt / equity	0.28
Long-term debt ratio	-
Interest coverage	7.45
Gross margin	-
Net margin	-
ROA	3.9%
ROE	5.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.83M
Fixed assets	21/28	€1.55M
Tangible fixed assets	22/27	€22k
Financial fixed assets	28	€1.52M
Current assets	29/58	€286k
Amounts receivable within one year	40/41	€143k
Cash & bank	54/58	€137k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.83M
Equity	10/15	€1.43M
Contributions / capital	10/11	€248k
Reserves	13	€931k
Accumulated profits (losses)	14	€252k
Amounts payable	17/49	€401k
Amounts payable within one year	42/48	€401k
Trade debts payable within one year	44	€78k
Income statement
Gross operating margin	9900	€1.27M
Operating result	9901	€33k
Financial income	75	€76k
Financial charges	65	€5k
Result before taxes	9903	€104k
Income taxes	67/77	€33k
Net result for the period	9904	€71k
Result to be appropriated	9905	€71k

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Company registry

Company registry (CBE)

Role	Name	Tenure	Source
Curator	GUY DELABIE ENGELSE WANDELING 74, 8510 MARKE	21-10-2025 → present	Belgian State Gazette
Curator	ELLEN DE GEETER DOORNIK- SEWIJK 134, 8500 KORTRIJK	21-10-2025 → present	Belgian State Gazette

NACE primary	Vervaardiging van gegolfd papier, golfkarton en verpakkingsmateriaal van papier en karton(17210)
Legal form	Public limited company(014)
Incorporation	16-11-1947
Status	Active
Postal code	8530
First BS signal	27-10-2025
Latest BS signal	27-10-2025