Financials
Financial year 2025
DESMET & ENGELS from Kortrijk, company number BE0889280657, closed financial year 2025 with a result of € 83,422 after tax. For that financial year DESMET & ENGELS recorded a gross margin of € 253,292 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 269,888 to € 83,422. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 1.2 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 83,422
▼ 69% vs 2024
Profit after tax over the fiscal year.
€ 27,146
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.2 million.
People and assets in 2025
1.6
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 111,249
▼ 12% vs 2024
€ 69,500 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.
€ 129,636
▼ 47% vs 2024
Of which on lease € 35,189.
Debts at end 2025
€ 760,693
▼ 5% vs 2024
€ 37,271 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 186,882
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 163,794
▼ 53% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 137,711 | € 279,294 | € 598,085 | € 253,292 | ▼ 58% |
| Profit after taxes | € 35,410 | € 94,438 | € 269,888 | € 83,422 | ▼ 69% |
| Equity | € 797,415 | € 871,746 | € 1,120,098 | € 1,181,776 | ▲ 6% |
| Total debts | € 2,219,934 | € 1,914,791 | € 2,497,035 | € 2,240,214 | ▼ 10% |
| Cash | € 29,666 | € 5,637 | € 244,555 | € 27,146 | ▼ 89% |
| Land & buildings | € 533,923 | € 522,189 | € 510,455 | € 498,721 | ▼ 2% |
| Retained profit | € 777,415 | € 851,746 | € 1,100,098 | € 1,161,776 | ▲ 6% |
| Bank debt | € 791,523 | € 831,803 | € 796,806 | € 760,693 | ▼ 5% |
| Balance sheet total | € 3,153,692 | € 2,864,865 | € 3,638,829 | € 3,432,259 | ▼ 6% |
| Employees (FTE) | 1 | 1 | 2 | 1.6 | ▼ 0.4 |
Key figures of DESMET & ENGELS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to DESMET & ENGELS?
What happened at DESMET & ENGELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 83,422 (▼ 69% vs 2024). Source: NBB ↗
- Wouter Desmet became a director. NBB
- Charlotte Engels became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,410 profit in 2022 to € 83,422 profit in 2025.
Paid € 175,069 in corporate taxes since 2022.
Best year ever: 2024, with € 269,888 profit.
On average € 158,300 of value added per employee 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 DESMET & ENGELS are Wouter Desmet and Charlotte Engels. It owns 98% of Technical Point and 50% of Glass4Wheels BV itself.
Directors
According to the 2025 annual accounts
since 2020
since 2019
Establishments
Establishment units
Physical locations of this company
Schepen Duyckstraat(kor) 9
8500 Kortrijk
Steenbakkersstraat(Kor) 34
8500 Kortrijk
Active since 8 May 2007
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0889.280.657
- VAT number
- BE 0889.280.657
- Registered office
- Schepen Duyckstraat(kor) 9, 8500 Kortrijk
- Names & denominations
- DESMET & ENGELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 May 2007
- Peppol
- Active · Active since 4 Nov 2025
- Activities · NACE
Carrosserieherstelling (inclusief spuiten en verven)
Handelsbemiddeling in de groothandel in andere specifieke goederen
Carrosserieherstelling
Handelsbemiddeling in auto's en lichte bestelwagens (= 3,5 ton)
Overige zakelijke dienstverlening, neg
Verhuur en lease van vrachtwagens
Handelsbemiddeling in motorvoertuigen