Skip to content
Checked.be
Complete company report
Generated 10-08-2026
Active BE 0405.332.613Public limited companyOpen bankruptcy

DESCAR

Venetiëlaan 26 ·8530 Harelbeke, Belgium· 78 yrs active
Sector: NACE 17210 (17210)
Conclusion Checked

A bankruptcy procedure is open for DESCAR according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €1.43M and a net result of €71k.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €1.43M
Net result €71k
Staff (FTE) 23.3
Better than sector 95%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health9Profitability25Solvency71Growth32Stability0
27 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 9
Profitability 25
Solvency 71
Growth 32
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2023 · computed
9 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 16-07-2024 with the NBB · fiscal year 2023 · verkort
€0€500k€1.00MOperating result 2019: €145k€145kNet result 2019: €1.09M€1.09MOperating result 2020: €153k€153kNet result 2020: €912k€912kOperating result 2021: €172k€172kNet result 2021: €167k€167kOperating result 2022: €19k€19kNet result 2022: €27k€27kOperating result 2023: €33k€33kNet result 2023: €71k€71k20192020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 17 · compared across all schema types (micro, abbreviated and full combined)
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
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€39k
+55.4% 18-23
Net profit
€71k
+167.8% 18-23
Cash flow
€77k
+135.3% 18-23
Total assets
€1.83M
-10.6% 18-23
Equity
€1.43M
+5.2% 18-23
Working capital
€-116k
+66.8% 18-23
Employees (FTE)
23
-12.1% 18-23
Staff costs
€1.22M
-11.0% 18-23
Income taxes
€33k
+97.2% 18-23
Dividends
€0
-100.0% 18-23
Debt
€401k
-41.7% 18-23
Debt ≤ 1y
€401k
-41.7% 18-23
Current ratio
0.71
+44.1% 18-23
Quick ratio
0.71
+44.1% 18-23
Solvency
78.1%
+17.6% 18-23
Debt / equity
0.28
-44.6% 18-23
ROE
5.0%
+154.5% 18-23
ROA
3.9%
+199.5% 18-23
Interest coverage
7.45
-54.1% 18-23
Figures by fiscal year
Fiscal year2023
Depositverkort
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
Ratios (computed)
2023
Current ratio0.71
Quick ratio0.71
Working capital ratio-6.3%
Solvency78.1%
Debt / equity0.28
Long-term debt ratio-
Interest coverage7.45
Gross margin-
Net margin-
ROA3.9%
ROE5.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
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
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates2 persons
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
Legal Structure
NACE primary 17210
Legal form Public limited company(014)
Incorporation16-11-1947
StatusActive
Postal code8530
First BS signal 27-10-2025
Latest BS signal 27-10-2025
Company structure, linked entities2 linked entities
DESCARBE 0405.332.613GUY DELABIEReceiverELLEN DE GEETERReceiver
Mandates
Establishment units 1 location
Venetiëlaan 26, 8530 Harelbeke
de vervaardiging van gegolfd papier en golfkarton.
since 19472.036.359.503
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34322B0680/00R000 Flanders 2,220 m² 1 · 1,214 m² -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
27-10-2025
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · DESCAR NV VENETIELAAN 26, 8530 HARELBEKE · event 21-10-2025
2024
16-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
22-02-2024
State Gazette act Director changes
2023
12-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
13-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
20-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
06-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
19-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
10-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
24-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
20-07-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
24-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Lifecycle & Insolvency Signals 1 events
27-10-2025
Bankruptcy Opening
Date: 21-10-2025 · Ondernemingsrechtbank Gent, afdeling Kortrijk · DESCAR NV VENETIELAAN 26, 8530 HARELBEKE · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-10-27 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2024
22-02-2024 6 reappointed Director changes
  • Wibo Jean-Charles, Bestuurder
  • Vanquaethem Yves, Bestuurder
  • Brouwers Caroline, Bestuurder
  • Peter Vandewalle, Commissaris
  • Vanquaethem Yves, Gedelegeerd bestuurder
  • Vanquaethem Yves, Voorzitter
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Wibo Jean-Charles",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": {
        "kbo": "0466.543.967",
        "name": "JC WIBO NV",
        "address": "Noordkustlaan 14, 1702 Dilbeek",
        "country": "BE",
        "legal_form": "NV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2029"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Vanquaethem Yves",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": {
        "kbo": "0688.680.006",
        "name": "Y CORR NV",
        "address": "Veneti\u00EBlaan 30, 8530 Harelbeke",
        "country": "BE",
        "legal_form": "NV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2029"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Brouwers Caroline",
        "address": "Strandloperstraat 10, 8400 Oostende",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2029"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "commissaris_renew",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Peter Vandewalle",
        "address": "Spinnerijkaai 43A, 8500 Kortrijk",
        "birth_date": null,
        "profession": "bedrijfsrevisor",
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": {
        "kbo": "0875.430.443",
        "name": "VGD Bedrijfsrevisoren BV",
        "address": "Neerhoflaan 2 1780 Wemmel",
        "country": "BE",
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "3"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Vanquaethem Yves",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": {
        "kbo": "0688.680.006",
        "name": "Y CORR NV",
        "address": "Veneti\u00EBlaan 30, 8530 Harelbeke",
        "country": "BE",
        "legal_form": "NV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2029"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_renew",
      "role": "voorzitter",
      "person": {
        "rrn": null,
        "name": "Vanquaethem Yves",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": {
        "kbo": "0688.680.006",
        "name": "Y CORR NV",
        "address": "Veneti\u00EBlaan 30, 8530 Harelbeke",
        "country": "BE",
        "legal_form": "NV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2029"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-02-22",
    "filing_date": "2024-02-03",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "jaarvergadering",
      "date": "2023-06-24",
      "unanimous": null
    },
    {
      "body": "raad_van_bestuur",
      "date": "2023-06-24",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0405.332.613",
    "name_full": "DESCAR",
    "legal_form": "NAAMLOZE VENNOOTSCHAP"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Vanquaethem Yves",
    "org_rep_person_name": null,
    "person_role_at_subject": "gedelegeerd bestuurder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Vervaardiging van gegolfd papier en golfkarton en van verpakkingsmateriaal van papier en karton17210Vervaardiging van gegolfd papier, golfkarton en verpakkingsmateriaal van papier en karton17210Vervaardiging van gegolfd papier en golfkarton en van verpakkingsmateriaal van papier en karton21210
Primary activity highlighted.
Names & trade names
Legal nameNL DESCAR
Registered office
Venetiëlaan 26
8530 Harelbeke, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Same NACE
SABEL - Emballage BE 0414.759.825 · Verviers
Biehotex BE 0405.402.986 · Anzegem
J & S PACKAGING SERVICES BE 0821.365.514 · Hoogstraten
BAG IN CO International BE 0890.459.109 · Kontich
Daniel LAMBRECHT BE 0416.162.068 · Deerlijk
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative