ACTIVE

DESAER BART

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Financial year 2025 · closed on 31/12/2025

Net result

450,3 k €

+51.4% YoY

Gross margin

998,9 k €

+20.9% YoY

Equity

1,9 M €

-6.2% YoY

Workforce

4,3 ETP

-6.5% YoY

What does DESAER BART do?

DESAER BART is a Private limited company incorporated in 2005. Its main activity is: Manufacture of explosives. Its registered office is in Kortenaken. It employs on average 4,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0875.379.369

Incorporation

20/07/2005

Legal form

Private limited company

Registered office

Halensebaan 47
3473 Kortenaken · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Average workforce

4,3 ETP

Activities (NACE)

20510Manufacture of explosives· main 46499Wholesale of other household goods 46499Wholesale of other household goods 16281Manufacture of products of wood, cork, straw and plaiting materials 16291Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials 25999Manufacture of other fabricated metal products n.e.c.+11

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	998,9 k €	+20.9%	826 k €	-10.5%	922,9 k €	+14.7%	804,7 k €	+11.5%	721,9 k €	+7.2%	673,3 k €	+67.2%	402,7 k €	+69.5%	237,5 k €	+4.1%	228,2 k €	+63.0%	140 k €	-26.3%	190 k €	+9.4%	173,6 k €	-2.3%	177,8 k €	+128%	78,1 k €	+45.6%	53,7 k €	+48.3%	36,2 k €	+936%	3,5 k €	+10.0%	3,2 k €	-86.9%	24,2 k €	+138%	10,2 k €
EBITDA	752,3 k €	+46.3%	514,2 k €	-19.5%	638,5 k €	+3.3%	618,1 k €	+7.9%	572,9 k €	+3.2%	555,2 k €	+63.6%	339,5 k €	+70.2%	199,4 k €	+1.9%	195,8 k €	+41.6%	138,3 k €	-25.2%	185 k €	+7.6%	172 k €	-2.3%	176 k €	+131%	76,3 k €	+45.1%	52,6 k €	+128%	23,1 k €	+171%	-32,6 k €	-2804%	-1,1 k €	-105%	21,7 k €	+174%	7,9 k €
Operating result	649,3 k €	+55.2%	418,4 k €	-23.2%	545 k €	+3.9%	524,5 k €	+1.5%	516,6 k €	+1.3%	509,9 k €	+73.1%	294,6 k €	+94.2%	151,7 k €	+6.4%	142,5 k €	+53.4%	92,9 k €	-37.3%	148,2 k €	+2.9%	144 k €	+10.9%	129,8 k €	+128%	56,8 k €	+13.4%	50,1 k €	+320%	11,9 k €	+129%	-40,9 k €	-211%	-13,2 k €	-235%	9,7 k €	+196%	-10,1 k €
Net result	450,3 k €	+51.4%	297,5 k €	-20.9%	376,2 k €	+2.7%	366,3 k €	+4.0%	352,2 k €	+1.7%	346,2 k €	+73.7%	199,4 k €	+119%	90,9 k €	+0.6%	90,4 k €	+57.7%	57,3 k €	-34.8%	87,9 k €	-6.6%	94,1 k €	+10.2%	85,3 k €	+158%	33,1 k €	-29.1%	46,7 k €	+330%	10,9 k €	+120%	-54,9 k €	-178%	-19,8 k €	-274%	11,4 k €	+176%	-14,9 k €
Balance sheet
Equity	1,9 M €	-6.2%	2 M €	+10.0%	1,9 M €	+18.1%	1,6 M €	+24.3%	1,3 M €	+25.9%	1 M €	+48.0%	679,8 k €	+35.8%	500,5 k €	+22.2%	409,6 k €	+28.3%	319,2 k €	+21.9%	261,9 k €	+50.5%	174 k €	+85.3%	93,9 k €	+317%	22,5 k €	+3921%	-590 €	+98.8%	-47,3 k €	+18.7%	-58,2 k €	-1669%	-3,3 k €	-120%	16,5 k €	+223%	5,1 k €
Total assets	2,6 M €	-1.7%	2,6 M €	+2.1%	2,6 M €	+4.0%	2,5 M €	+37.3%	1,8 M €	+0.1%	1,8 M €	+61.1%	1,1 M €	-7.3%	1,2 M €	+10.1%	1,1 M €	+31.5%	824,8 k €	+18.0%	699,1 k €	+32.4%	528 k €	+23.5%	427,6 k €	+136%	181,1 k €	+152%	71,8 k €	+2.2%	70,3 k €	-7.3%	75,8 k €	-17.0%	91,4 k €	-14.6%	107 k €	-7.0%	115,1 k €
Cash	1,2 M €	+43.8%	854,1 k €	+38.5%	616,8 k €	-29.8%	879 k €	+38.7%	633,9 k €	+3.7%	611 k €	+123%	274 k €	-6.9%	294,3 k €	+86.6%	157,7 k €	+63.5%	96,5 k €	-43.7%	171,6 k €	+6.2%	161,6 k €	+98.3%	81,5 k €	+166%	30,6 k €	+9535%	318 €	-62.7%	853 €	+0.2%	851 €	-65.6%	2,5 k €	-88.0%	20,7 k €	+51.4%	13,6 k €
Debts	644,1 k €	+14.8%	561,1 k €	-19.0%	692,7 k €	-21.3%	879,7 k €	+68.9%	520,7 k €	-33.1%	778,7 k €	+82.1%	427,7 k €	-38.0%	689,8 k €	+2.3%	674,3 k €	+33.5%	505,2 k €	+15.9%	435,8 k €	+23.7%	352,4 k €	+5.6%	333,7 k €	+110%	158,6 k €	+119%	72,4 k €	-38.4%	117,6 k €	-12.2%	133,9 k €	+41.5%	94,6 k €	+4.5%	90,6 k €	-17.7%	110 k €
Other
Workforce	4,3 ETP	-6.5%	4,6 ETP	+4.5%	4,4 ETP	+10.0%	4,0 ETP	+17.6%	3,4 ETP	+21.4%	2,8 ETP	+100%	1,4 ETP	+40.0%	1,0 ETP	+42.9%	0,7 ETP		–		–		–		–		–		–		0,3 ETP	-70.0%	1,0 ETP	+900%	0,1 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Alfons DESAER

Director

Active

Bart DESAER

Director

Active

Ended mandates

Alfons DESAER

Manager

Ended

BART DESAER

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Thuisverpleging Stefanie V.M.● Active	1018.512.767

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/06/2026	20/06/2025	17/06/2024	12/06/2023	30/06/2022	30/06/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	20/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	17/06/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	12/06/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	11/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	12/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	14/06/2019	20/08/2019	Dutch	PDF
Abridged model	31/12/2017	08/06/2018	23/07/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	15/07/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	18/06/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	15/06/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	12/06/2009	15/06/2009	Dutch	PDF
Abridged model	31/12/2007	13/06/2008	17/06/2008	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	14/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Alfons DESAER

Director

Active

Bart DESAER

Director

Active

Ended mandates

Alfons DESAER

Manager

Ended

BART DESAER

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other29/04/2013
BENAMING - DOEL
PDF
Mandates05/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other27/10/2005
DIVERSEN
PDF
Other10/08/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025450,3 k €↑
2024
Annual accounts 2024297,5 k €↓
2023
Annual accounts 2023376,2 k €↑
2022
Annual accounts 2022366,3 k €↑
2021
Annual accounts 2021352,2 k €↑
2020
Annual accounts 2020346,2 k €↑
2019
Annual accounts 2019199,4 k €↑
2018
Annual accounts 201890,9 k €↑
2017
Annual accounts 201790,4 k €↑
2016
Annual accounts 201657,3 k €↓
2015
Annual accounts 201587,9 k €↓
2014
Annual accounts 201494,1 k €↑
2013
Annual accounts 201385,3 k €↑
2012
Annual accounts 201233,1 k €↓
2012
Name changeDESAER BART
2011
Annual accounts 201146,7 k €↑
2010
Annual accounts 201010,9 k €↑
2009
Annual accounts 2009-54,9 k €↓
2008
Annual accounts 2008-19,8 k €↓
2007
Annual accounts 200711,4 k €↑
2006
Annual accounts 2006-14,9 k €
2006
Name changeDESAER FRAMES
20/07/2005
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DESAER BART

Overview

What does DESAER BART do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline