Financials
Financial year 2026
Loonwerken DESMET from Ieper, company number BE0477395002, closed financial year 2026 with a result of € -19,923 after tax. For that financial year Loonwerken DESMET recorded a gross margin of € 51,378 and equity of € 283,877. Compared with financial year 2025, the result moved from € 1,444 to € -19,923. 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 October 20, 2026.
€ 283,877
▼ 7% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -19,923
▼ still € 1,444 profit in 2025
Profit after tax over the fiscal year.
€ 136,809
▲ 54% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 265,277.
People and assets in 2026
€ 10,612
▼ 42% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 649
▼ 85% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 2,080
▲ 25% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 142,010 | € 138,068 | € 79,392 | € 51,378 | ▼ 35% |
| Profit after taxes | € 87,484 | € 57,441 | € 1,444 | € -19,923 | ▼ € 21,368 |
| Equity | € 244,915 | € 302,356 | € 303,801 | € 283,877 | ▼ 7% |
| Total debts | € 49,570 | € 28,469 | € 13,071 | € 3,691 | ▼ 72% |
| Cash | € 100,406 | € 69,247 | € 88,610 | € 136,809 | ▲ 54% |
| Retained profit | € 226,315 | € 283,756 | € 285,201 | € 265,277 | ▼ 7% |
| Bank debt | € 40,278 | € 23,611 | € 6,944 | € 0 | ▼ 100% |
| Balance sheet total | € 308,548 | € 358,102 | € 337,299 | € 301,146 | ▼ 11% |
Key figures of Loonwerken DESMET, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Loonwerken DESMET?
What happened at Loonwerken DESMET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 19,923 (▼ € 21,368 vs 2025). Source: NBB ↗
- Geert Desmet became a director. NBB
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
- Frederik Desmet became a director. NBB
In short
From € 87,484 profit in 2023 to € 19,923 loss in 2026.
Paid € 16,753 in corporate taxes since 2023.
Best year ever: 2023, with € 87,484 profit.
Management
Behind Loonwerken DESMET are Geert Desmet and Frederik Desmet.
Directors
According to the 2026 annual accounts
Geert Desmet
Director
since 2006
Frederik Desmet
Director
since 2002
Establishments
Establishment units
Physical locations of this company
Elzenwallestraat 1
8902 Ieper
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0477.395.002
- VAT number
- BE 0477.395.002
- Registered office
- Elzenwallestraat 1, 8902 Ieper
- Names & denominations
- Loonwerken DESMET
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 April 2002
- Peppol
- Active · Active since 15 May 2025
- Activities · NACE
Ondersteunende activiteiten in verband met de teelt van gewassen
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken