Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
DESMET BELGIUM from Machelen (Brab.), company number BE0403642140, closed financial year 2024 with a result of € 16.5 million after tax. For that financial year DESMET BELGIUM recorded revenue of € 126.8 million and equity of € 53.5 million. Compared with financial year 2023, the result moved from € 18.3 million to € 16.5 million. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2025.
€ 53.5 million
▼ 4% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16.5 million
▼ 10% vs 2023
Profit after tax over the fiscal year.
€ 21 million
▲ 185% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 18 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
129
▲ 3.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 16.7 million
▲ 9% vs 2023
€ 129,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 341,364
▲ 141% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 37.5 million
▲ 25% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 140 days on average.
€ 3.8 million
▲ 18% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 81,816,370 | € 144,995,091 | € 163,849,631 | € 126,800,576 | ▼ 23% |
| Profit after taxes | € 36,409,724 | € 136,949,104 | € 18,338,455 | € 16,473,202 | ▼ 10% |
| Equity | € 161,406,086 | € 166,987,866 | € 55,900,865 | € 53,490,181 | ▼ 4% |
| Total debts | € 112,596,081 | € 119,022,306 | € 109,560,800 | € 122,719,719 | ▲ 12% |
| Cash | € 23,011,523 | € 9,420,465 | € 7,367,925 | € 20,987,070 | ▲ 185% |
| Land & buildings | € 1,017,620 | € 975,558 | € 933,496 | € 891,434 | ▼ 5% |
| Retained profit | € 83,716,919 | € 165,987,866 | € 54,900,865 | € 52,490,181 | ▼ 4% |
| Dividend | € 20,000,000 | € 54,678,158 | € 128,280,000 | € 18,000,000 | ▼ 86% |
| Bank debt | € 4,017,771 | € 4,159,771 | € 4,093,522 | € 0 | ▼ 100% |
| Balance sheet total | € 274,002,168 | € 288,242,938 | € 168,122,680 | € 183,459,277 | ▲ 9% |
| Employees (FTE) | 96.3 | 122.5 | 125.8 | 129 | ▲ 3.2 |
Key figures of DESMET BELGIUM, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to DESMET BELGIUM?
What happened at DESMET BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Olivier Hanne SRL stepped down as director. NBB
- Sammy Hulpiau-Ongenaert stepped down as director. NBB
- Fredrik Ekström stepped down as director. NBB
- Emma Adlerton stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 16.5 million (▼ 10% vs 2023). Source: NBB ↗
- Timothy Kemper stepped down as director. NBB
- Olivier Hanne SRL became a director. NBB
- Nainesh Patel stepped down as director. NBB
In short
From € 36.4 million profit in 2021 to € 16.5 million profit in 2024.
Paid € 5.9 million in corporate taxes since 2021.
Best year ever: 2022, with € 136.9 million profit.
Paid out € 221 million in dividends to the owners in total.
Management
The shares are held by Alfa Laval N.V. It owns 100% of Desmet Malaysia Sdn.Bhd., 100% of Desmet Shanghai Co.,LTD., 100% of Desmet Rosedowns LTD, 100% of Desmet Mexico Technologies, S.A DE C.V, 100% of Desmet Ballestra (SEA) PTE LTD and 91.8% of Desmet Argentina S.A itself.
Directors
According to the 2024 annual accounts
Timothy Kemper
Director
since 2022 · until 2025
Fredrik Ekström
Director
since 2022 · until 2028
Director
since 2025 · until 2030
Nainesh Patel
Director
since 2022 · until 2025
Emma Adlerton
Director
since 2022 · until 2028
Sammy Hulpiau-Ongenaert
Director
since 2025 · until 2030
Shareholders
Alfa Laval N.V
Participations
Desmet Malaysia Sdn.Bhd.
100%
Desmet Shanghai Co.,LTD.
100%
Desmet Rosedowns LTD
100%
Desmet Mexico Technologies, S.A DE C.V
100%
Desmet Ballestra (SEA) PTE LTD
100%
Desmet Argentina S.A
91.8%
Desmet India Corporation Private Limited
80%
Desmet Brasil Ltda
75%
De Smet Ballestra Rosedowns India Private LTD
1%
Desmet Engineering Center Private Limited
Establishments
Establishment units
Physical locations of this company
De Kleetlaan 7 B
1831 Machelen (Brab.)
Hoogstraat 187
1930 Zaventem
Active since 20 February 2003
De Kleetlaan 7B
1831 Machelen (Brab.)
Active since 18 November 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
desmet.com
Registered
2000-02-09
Registrar
CSC Corporate Domains, Inc.
Expires
2033-08-12
Website info
Features
Security
Details
- Company number
- 0403.642.140
- VAT number
- BE 0403.642.140
- Registered office
- De Kleetlaan 7 B, 1831 Machelen (Brab.)
- Names & denominations
- DESMET BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 July 1946
- Peppol
- Active · Active since 29 Dec 2025
- Contact
- desmet.com +3227161111
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