D.E.S. MANAGEMENT
ActiveSummary
D.E.S. MANAGEMENT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,859 and a net result of €130,770. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 14% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+6
Solvency32▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.96 in 2024; short-term debt: 30.2% and cash: 3.6% of total assets), and 93.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 31958 sector peers (2025).
NBB · sector comparisonPosition among 31958 sector peers
Solvency
better than 14%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €39,859
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 12-12-2025, 42 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
42 d late
2024
36 d early
2023
31 d early
2022
52 d early
2021
19 d early
2020
67 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€288,811
EBIT margin
40.2%
Net result
€130,770▲ 48.2%
2024 · €88,213
Working capital
-€89,590▼ 1,372%
2024 · -€6,086
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€288,811
Operating result€175,617▲ 122%€143,937▼ 18.0%€176,852▲ 22.9%€116,168▼ 34.3%€183,202▲ 57.7%
Net result€130,384above the sector's middle half▲ 120%€116,695above the sector's middle half▼ 10.5%€125,683above the sector's middle half▲ 7.7%€88,213above the sector's middle half▼ 29.8%€130,770above the sector's middle half▲ 48.2%
EBIT margin40.2%
Equity€29,089within the sector's middle half▼ 23.8%€29,089within the sector's middle half=€29,089within the sector's middle half=€29,089within the sector's middle half=€39,859within the sector's middle half▲ 37.0%
Total assets€169,239within the sector's middle half▲ 79.2%€257,255within the sector's middle half▲ 52.0%€239,491within the sector's middle half▼ 6.9%€674,099above the sector's middle half▲ 181%€610,974above the sector's middle half▼ 9.4%
Debt€140,151▲ 149%€228,166▲ 62.8%€210,402▼ 7.8%€645,010▲ 207%€571,116▼ 11.5%
Working capital€20,910within the sector's middle half▼ 12.1%€7,547within the sector's middle half▼ 63.9%-€2,431below the sector's middle half-€6,086below the sector's middle half▼ 150%-€89,590below the sector's middle half▼ 1,372%
Solvency17.2%below the sector's middle half▼ 23.2pp11.3%below the sector's middle half▼ 5.9pp12.1%below the sector's middle half▲ 0.8pp4.3%below the sector's middle half▼ 7.8pp6.5%below the sector's middle half▲ 2.2pp
Current ratio1.15within the sector's middle half▼ 0.271.08within the sector's middle half▼ 0.070.97below the sector's middle half▼ 0.110.96below the sector's middle half▼ 0.010.51below the sector's middle half▼ 0.44
Return on assets (ROA)77.0%above the sector's middle half▲ 14.3pp45.4%above the sector's middle half▼ 31.7pp52.5%above the sector's middle half▲ 7.1pp13.1%within the sector's middle half▼ 39.4pp21.4%within the sector's middle half▲ 8.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 58% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €610,974
Fixed assets
€516,207 ▼ 3.6%
Current assets
€94,767 ▼ 31.6%
Equity and liabilities €610,974
Equity
€39,859 ▲ 37.0%
Debt
€571,116 ▼ 11.5%
Debt's share of the balance-sheet total falls from 95.7% to 93.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€203,741▲
2024 · €176,397
Cash flow
€151,309▲
2024 · €148,443
Debt to equity
14.33▼
2024 · 22.17
ROE
328.1%▲
2024 · 303.3%
Interest coverage
15.79▼
2024 · 58.96
Debt ≤ 1 year
€184,357▲
2024 · €144,678
Debt > 1 year
€386,759▼
2024 · €500,332
Income taxes
€39,526▲
2024 · €24,962
Staff costs
€772
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 875 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €288,811 | - | - |
| Non-recurring operating income76A | - | €11,630 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €114,777 | - | - |
| Remuneration, social security and pensions62 | - | - | €9,351 | - | €772 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,751 | €17,659 | €8,945 | €60,229 | €20,539 | ▼ 65.9% |
| Other operating charges640/8 | - | €1,389 | €5,539 | €1,266 | €3,067 | ▲ 142% |
| Gross operating margin9900 | €183,943 | €162,985 | €200,687 | €177,663 | €207,579 | ▲ 16.8% |
| Operating profit (loss)9901 | €175,617 | €143,937 | €176,852 | €116,168 | €183,202 | ▲ 57.7% |
| Financial income75/76B | - | - | €732 | - | - | - |
| Recurring financial income75 | - | - | €732 | - | - | - |
| Financial charges65/66B | - | €4,131 | €4,102 | €2,992 | €12,906 | ▲ 331% |
| Recurring financial charges65 | €1,128 | €4,131 | €4,102 | €2,992 | €12,906 | ▲ 331% |
| Profit (loss) for the period before taxes9903 | €174,490 | €139,805 | €173,482 | €113,176 | €170,296 | ▲ 50.5% |
| Income taxes67/77 | €44,106 | €23,110 | €47,799 | €24,962 | €39,526 | ▲ 58.3% |
| Profit (loss) for the period9904 | €130,384 | €116,695 | €125,683 | €88,213 | €130,770 | ▲ 48.2% |
| Profit (loss) for the period to be appropriated9905 | €130,384 | €116,695 | €125,683 | €88,213 | €130,770 | ▲ 48.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €169,239 | €257,255 | €239,491 | €674,099 | €610,974 | ▼ 9.4% |
| Formation expenses20 | - | - | - | €0 | - | - |
| Fixed assets21/28 | €8,179 | €157,116 | €157,829 | €535,506 | €516,207 | ▼ 3.6% |
| Tangible fixed assets22/27 | €8,179 | €157,116 | €157,829 | €535,506 | €516,207 | ▼ 3.6% |
| Land and buildings22 | - | €150,195 | €149,138 | €529,387 | €511,836 | ▼ 3.3% |
| Plant, machinery and equipment23 | - | €6,901 | €4,244 | €3,321 | €2,153 | ▼ 35.2% |
| Furniture and vehicles24 | - | €19 | €4,447 | €2,798 | €2,218 | ▼ 20.7% |
| Leasing and similar rights25 | - | €0 | - | - | - | - |
| Current assets29/58 | €161,060 | €100,139 | €81,662 | €138,592 | €94,767 | ▼ 31.6% |
| Amounts receivable within one year40/41 | €36,300 | €1,996 | €2,932 | €126,837 | €72,836 | ▼ 42.6% |
| Trade receivables40 | - | €1,996 | €2,932 | €52,000 | €52,000 | = |
| Other amounts receivable41 | - | €0 | €0 | €74,837 | €20,836 | ▼ 72.2% |
| Cash at bank and in hand54/58 | €123,715 | €97,619 | €78,730 | €11,756 | €21,932 | ▲ 86.6% |
| Deferred charges and accrued income490/1 | - | €524 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €169,239 | €257,255 | €239,491 | €674,099 | €610,974 | ▼ 9.4% |
| Equity10/15 | €29,089 | €29,089 | €29,089 | €29,089 | €39,859 | ▲ 37.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | - | - | - | - |
| Other1109/19 | - | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €8,629 | €8,629 | €8,629 | €8,629 | €19,399 | ▲ 125% |
| Amounts payable17/49 | €140,151 | €228,166 | €210,402 | €645,010 | €571,116 | ▼ 11.5% |
| Amounts payable after more than one year17 | - | €135,574 | €126,309 | €500,332 | €386,759 | ▼ 22.7% |
| Financial debts170/4 | - | €135,574 | €126,309 | €500,332 | €386,759 | ▼ 22.7% |
| Amounts payable within one year42/48 | €140,151 | €92,592 | €84,093 | €144,678 | €184,357 | ▲ 27.4% |
| Current portion of amounts payable after more than one year42 | - | €19,184 | €19,265 | €18,851 | €70,001 | ▲ 271% |
| Trade debts44 | €2,174 | €1,616 | €2,153 | €60,513 | €64,966 | ▲ 7.4% |
| Suppliers440/4 | - | €1,616 | €1,277 | €60,513 | €64,966 | ▲ 7.4% |
| Bills of exchange payable441 | - | - | €876 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €43,699 | €56,709 | €30,910 | €49,390 | ▲ 59.8% |
| Taxes450/3 | - | €43,699 | €56,709 | €30,910 | €44,293 | ▲ 43.3% |
| Remuneration and social security454/9 | - | €0 | €0 | €0 | €5,097 | - |
| Other amounts payable47/48 | - | €28,092 | €5,965 | €34,403 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €130,384 | €116,695 | €125,683 | €88,213 | €130,770 | ▲ 48.2% |
| + Depreciation and write-downs630 | €6,751 | €17,659 | €8,945 | €60,229 | €20,539 | ▼ 65.9% |
| Operating cash flow (approximation) | €137,135 | €134,354 | €134,628 | €148,443 | €151,309 | ▲ 1.9% |
| Investment in fixed assets (approximation) | - | -€166,596 | -€9,658 | -€437,907 | -€1,240 | ▲ 99.7% |
| Change in cash | - | -€26,095 | -€18,889 | -€66,974 | €10,176 | ▲ 115% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 42 days late
31-03
Financial
Highest result since 2019net €130,770 ▲48.2%
Operating result €183,202, net result €130,770, both a record.
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
09-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sprimont · 1 establishment unit since 2017
Ground area
1,836 m²
Building footprint
114 m²
Volume, LiDAR
865 m³
Parcel 62045A0224/00C003, Wallonia · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
D.E.S. MANAGEMENT
since 20172.262.484.418
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62045A0224/00C003 | Wallonia | 1,836 m² | 1 · 114 m² | 9.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,623. 36,705 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-03-2017
Fiscal year end31-03
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0672770620
Registered
23-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.