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DESOTEC

Active
Public limited companyfounded 1990active for 35 yearsRegenbeekstraat 44, 8800 Roeselare, BelgiumKBO/BCE: BE 0441.856.180
Summary

DESOTEC has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52.3m and a net result of €6.6m. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 14% of 317 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Manufacture of chemicals and chemical products
NACE 20140Wholesale trade NACE 46869
#1 employer in West Flanders, Chemicals sector8 sites
Size
€160.5mturnover 2025
Staff
228 FTE
Equity
€52.3m
Profit
€6.6m
Financial health
85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
David Bidco · 100%
Holdings
5
Auditor: EY Bedrijfsrevisoren BVAccounts 22 days early3 of 35 deeds read
Why 85raises riskEquity €52.3m (16.0% of total assets)Liquidity: current ratio 2.71, cash €10.6mSize: turnover €160.5m, 228 FTE, total assets €326.4m8 establishment unitsShow the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 49% of its sector peers (NACE 20, medium-sized)
Financial strength · tick = 2024
Average
Solvency 41=
equity 16.0% of total assets
Liquidity 53+7
short-term debt 12.1% · cash 3.2%
Profitability 62-2
return on assets 2.0%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (108 companies, NACE 20, medium-sized)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.3%▼ -0.1 percentage points vs 01-2025 03-2025: 0.4%▲ +0.1 percentage points vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.4%▼ -0.1 percentage points vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.5%▲ +0.1 percentage points vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.3%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026lowest value
Credit of up to €4,400,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.71, compared with 1.16 in 2024; short-term debt: 12.1% and cash: 3.2% of total assets), but 84% of the assets are financed with debt.
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 20, medium-sized): better than 13% on solvency, 75% on liquidity, 32% on profitability and 75% on growth.

The bankruptcy probability was computed on 10-10-2026 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

Six signals.
raises riskneutral
raises risk · Equity €52.3m (16.0% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.71, cash €10.6m
NBB · annual accounts
raises risk · Size: turnover €160.5m, 228 FTE, total assets €326.4m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · 8 establishment units
KBO · seat and establishments
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 317 sector peers (2025).
NBB · sector comparison
Position among 317 sector peers
Solvency
better than 14%
← weakest strongest →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 days early
2024
17 days early
2023
44 days early
2022
47 days early
2021
69 days early
2020
65 days early
2019
45 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 44 days before the deadline; the sector median (NACE 20) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Evelyne De Neve…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Weakest financial yearnet €6.6m ▼30.1%

Key points

  • Positive: Employer in West Flanders, Chemicals sectorin the Checked rankings #1 View
  • Positive: 7 years of growth in a rowturnover 2025: €160.5m 7 years View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by David Bidcoultimately: David Topco S.à r.l. 100% View
  • Caution: Result fell in 2025from €9.5m to €6.6m ▼ 30.1% View
  • Flemish supportawarded 2022 - 2025 €411,789 View

By topic

Financials

Financial year
2025
Turnover
€160.5m
Profit
€6.6m
Solvency
16.0%
Turnover▲ 7.8%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
David Bidco · 100%
Auditor
EY Bedrijfsrevisoren BV
  • M&M and PartnersDaily manager
Go to Board & ownership

Network & group

Group
David Topco S.à r.l.
Subsidiaries
5
Connected companies
1

5 subsidiaries

Go to Network & group

Timeline

Events
43
Since
1992
Next accounts
by 31-07-2027
  1. 31-12-2025Liquidity more than doubles
  2. 31-12-2025Equity above €50m
  3. 05-11-2025Permanent representative: Leen Defoer
Go to Timeline

Company details

Sites
8
Legal form
Public limited company
Activity
Manufacture of chemicals and chemical productsNACE 20140
Founded
07-11-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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