Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
L.M. DESMET from Kortrijk, company number BE0435578104, closed financial year 2025 with a result of € -24,142 after tax. For that financial year L.M. DESMET recorded a gross margin of € -9,692 and equity of € 97,110. Compared with financial year 2024, the result moved from € -29,532 to € -24,142. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 21, 2026.
€ 97,110
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,142
▲ 18 % less loss than in 2024
Profit after tax over the fiscal year.
€ 143
▼ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -26,890.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -10,200 | € -10,225 | € -14,797 | € -9,692 | ▲ € 5,105 |
| Profit after taxes | € -29,620 | € -29,470 | € -29,532 | € -24,142 | ▲ € 5,390 |
| Equity | € 180,254 | € 150,784 | € 121,252 | € 97,110 | ▼ 20% |
| Total debts | € 56,651 | € 75,797 | € 103,736 | € 127,368 | ▲ 23% |
| Cash | € 1,195 | € 444 | € 5,267 | € 143 | ▼ 97% |
| Land & buildings | € 204,086 | € 191,290 | € 188,308 | € 193,028 | ▲ 3% |
| Retained profit | € 56,254 | € 26,784 | € -2,748 | € -26,890 | ▼ € 24,142 |
| Balance sheet total | € 236,905 | € 226,581 | € 224,988 | € 224,478 |
Key figures of L.M. DESMET, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to L.M. DESMET?
What happened at L.M. DESMET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 24,142. Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,620 loss in 2022 to € 24,142 loss in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind L.M. DESMET are Gert Desmet, Jan Desmet and Luc Desmet.
Directors
According to the 2025 annual accounts
Gert Desmet
Director
Jan Desmet
Director
Luc Desmet
Managing director
Establishments
Establishment units
Physical locations of this company
Schepen Ghyootstraat(Kor) 1
8500 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.578.104
- VAT number
- BE 0435.578.104
- Registered office
- Schepen Ghyootstraat(Kor) 1, 8500 Kortrijk
- Names & denominations
- L.M. DESMET
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 October 1988
- Peppol
- Not registered