D & S
ActiveSummary
D & S has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.36M and a net result of €-82k. Equity remains stable across the filed fiscal years (±0% per year). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-6
Solvency89=
Growth33▼-13
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.5 against 0.81 in 2024; short-term debt: 19.1% and cash: 0.1% of total assets), and 35.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.1%
Return on assets
-1.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
36 d early
2023
1 d late
2022
25 d late
2021
2 d early
2020
30 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€5k=
2024 · €5k
2018: €5khighest in 8 years
2019: €5k● 0.0% vs 2018highest in 8 years
2020: €5k● 0.0% vs 2019highest in 8 years
2021: €5k● 0.0% vs 2020highest in 8 years
2022: €5k● 0.0% vs 2021highest in 8 years
2023: €5k● 0.0% vs 2022highest in 8 years
2024: €5k● 0.0% vs 2023highest in 8 years
2025: €5k● 0.0% vs 2024highest in 8 years
2018 → 2025
EBIT margin
30.3%▲ 51.8pp
2024 · -21.5%
2018: 42.6%
2019: 48.6%▲ +14.2% vs 2018
2020: 34.1%▼ -29.8% vs 2019
2021: 55.5%▲ +62.8% vs 2020highest in 8 years
2022: 17.9%▼ -67.8% vs 2021
2023: -163.5%▼ -1014% vs 2022lowest in 8 years
2024: -21.5%▲ +86.9% vs 2023
2025: 30.3%▲ +241% vs 2024
2018 → 2025
Net result
€-82k
2024 · €53k
2018: €752khighest in 8 years
2019: €835▼ -99.9% vs 2018
2020: €713▼ -14.6% vs 2019
2021: €304k▲ +42509% vs 2020
2022: €-19▼ -100% vs 2021
2023: €-28k▼ -147665% vs 2022
2024: €53k▲ +291% vs 2023
2025: €-82k▼ -255% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-503k▼ 243%
2024 · €-146k
2018: €619k
2019: €520k▼ -16.0% vs 2018
2020: €470k▼ -9.5% vs 2019
2021: €734k▲ +56.1% vs 2020highest in 8 years
2022: €614k▼ -16.4% vs 2021
2023: €298k▼ -51.4% vs 2022
2024: €-146k▼ -149% vs 2023
2025: €-503k▼ -243% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5k-€5k=€5k=€5k=€5k=
2021: €5khighest in 5 years
2022: €5k● 0.0% vs 2021highest in 5 years
2023: €5k● 0.0% vs 2022highest in 5 years
2024: €5k● 0.0% vs 2023highest in 5 years
2025: €5k● 0.0% vs 2024highest in 5 years
Equity€3.53M-€3.41M▼ 3.4%€3.38M▼ 0.8%€3.44M▲ 1.6%€3.36M▼ 2.4%
2021: €3.53Mhighest in 5 years
2022: €3.41M▼ -3.4% vs 2021
2023: €3.38M▼ -0.8% vs 2022
2024: €3.44M▲ +1.6% vs 2023
2025: €3.36M▼ -2.4% vs 2024lowest in 5 years
Operating result€3k-€894▼ 67.8%€-8k€-1k▲ 86.9%€2k
2021: €3khighest in 5 years
2022: €894▼ -67.8% vs 2021
2023: €-8k▼ -1014% vs 2022lowest in 5 years
2024: €-1k▲ +86.9% vs 2023
2025: €2k▲ +241% vs 2024
Net result€304k-€-19€-28k▼ 147,665%€53k€-82k
2021: €304khighest in 5 years
2022: €-19▼ -100% vs 2021
2023: €-28k▼ -147665% vs 2022
2024: €53k▲ +291% vs 2023
2025: €-82k▼ -255% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €1k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.24M
Fixed assets
€4.74M =
Current assets
€497k ▼ 22.4%
Equity and liabilities €5.24M
Equity
€3.36M ▼ 2.4%
Debt
€1.88M ▼ 3.2%
Debt's share of the balance-sheet total falls from 36.1% to 35.9%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.50▼
2024 · 0.81
Debt to equity
0.56▼
2024 · 0.57
ROE
-2.4%▼
2024 · 1.5%
ROA
-1.6%▼
2024 · 1.0%
Debt ≤ 1 year
€1,000k▲
2024 · €787k
Debt > 1 year
€844k▼
2024 · €1.14M
Income taxes
€-747▼
2024 · €304
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.38M€5.24M▼
Fixed assets21/28€4.74M€4.74M=
Financial fixed assets28€4.74M€4.74M=
Affiliated companies280/1€4.74M€4.74M=
Participating interests280€4.24M€4.24M=
Amounts receivable281€500k€500k=
Current assets29/58€640k€497k▼
Amounts receivable within one year40/41€336k€188k▼
Other amounts receivable41€336k€188k▼
Current investments50/53€300k€300k=
Other investments51/53€300k€300k=
Cash at bank and in hand54/58€5k€4k▼
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€5.38M€5.24M▼
Equity10/15€3.44M€3.36M▼
Contributions10/11€2.80M€2.80M=
Reserves13€639k€557k▼
Non-distributable reserves130/1€52k€52k=
Reserves not available under the articles1311€52k€52k=
Distributable reserves133€587k€506k▼
Amounts payable17/49€1.94M€1.88M▼
Amounts payable after more than one year17€1.14M€844k▼
Financial debts170/4€1.14M€844k▼
Credit institutions173€1.14M€844k▼
Amounts payable within one year42/48€787k€1,000k▲
Current portion of amounts payable after more than one year42€287k€300k▲
Other amounts payable47/48€500k€700k▲
Accrued charges and deferred income492/3€11k€36k▲
Income statement
Code20242025
Operating income70/76A€5k€5k=
Turnover70€5k€5k=
Operating charges60/66A€6k€3k▼
Services and other goods61€5k€2k▼
Other operating charges640/8€1k€1k▲
Operating profit (loss)9901€-1k€2k▲
Financial income75/76B€157k€2k▼
Recurring financial income75€150k€2k▼
Income from financial fixed assets750€150k-
Income from current assets751-€2k
Non-recurring financial income76B€7k-
Financial charges65/66B€103k€86k▼
Recurring financial charges65€103k€86k▼
Debt charges650€101k€83k▼
Other financial charges652/9€2k€3k▲
Profit (loss) for the period before taxes9903€53k€-82k▼
Income taxes67/77€304€-747▼
Taxes670/3€500-
Tax adjustments and reversals of tax provisions77€196€747▲
Profit (loss) for the period9904€53k€-82k▼
Profit (loss) for the period to be appropriated9905€53k€-82k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€-82k▼
Transfer from equity791/2-€82k
From reserves792-€82k
Transfer to equity691/2€53k-
To other reserves6921€53k-
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €5k | €5k | €5k | €5k | €5k | = |
| Turnover70 | €5k | €5k | €5k | €5k | €5k | = |
| Operating charges60/66A | €2k | €4k | €13k | €6k | €3k | ▼ 42.6% |
| Services and other goods61 | €947 | €3k | €12k | €5k | €2k | ▼ 56.9% |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €1k | ▲ 3.1% |
| Operating profit (loss)9901 | €3k | €894 | €-8k | €-1k | €2k | ▲ 241% |
| Financial income75/76B | €302k | - | €1k | €157k | €2k | ▼ 98.8% |
| Recurring financial income75 | €302k | - | €1k | €150k | €2k | ▼ 98.7% |
| Income from financial fixed assets750 | €302k | - | - | €150k | - | - |
| Income from current assets751 | - | - | - | - | €2k | - |
| Other financial income752/9 | - | - | €1k | - | - | - |
| Non-recurring financial income76B | - | - | - | €7k | - | - |
| Financial charges65/66B | €1k | - | €20k | €103k | €86k | ▼ 16.8% |
| Recurring financial charges65 | €1k | - | €20k | €103k | €86k | ▼ 16.8% |
| Debt charges650 | €957 | - | - | €101k | €83k | ▼ 17.5% |
| Other financial charges652/9 | €350 | - | €20k | €2k | €3k | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | €304k | €894 | €-27k | €53k | €-82k | ▼ 255% |
| Income taxes67/77 | €62 | €913 | €247 | €304 | €-747 | ▼ 346% |
| Taxes670/3 | €626 | €913 | €247 | €500 | - | - |
| Tax adjustments and reversals of tax provisions77 | €564 | - | - | €196 | €747 | ▲ 280% |
| Profit (loss) for the period9904 | €304k | €-19 | €-28k | €53k | €-82k | ▼ 255% |
| Profit (loss) for the period to be appropriated9905 | €304k | €-19 | €-28k | €53k | €-82k | ▼ 255% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.59M | €3.53M | €5.60M | €5.38M | €5.24M | ▼ 2.7% |
| Fixed assets21/28 | €2.80M | €2.80M | €4.52M | €4.74M | €4.74M | = |
| Financial fixed assets28 | €2.80M | €2.80M | €4.52M | €4.74M | €4.74M | = |
| Affiliated companies280/1 | €2.80M | €2.80M | €4.52M | €4.74M | €4.74M | = |
| Participating interests280 | €2.80M | €2.80M | €4.02M | €4.24M | €4.24M | = |
| Amounts receivable281 | - | - | €500k | €500k | €500k | = |
| Current assets29/58 | €789k | €734k | €1.07M | €640k | €497k | ▼ 22.4% |
| Amounts receivable within one year40/41 | €40k | €250k | €536k | €336k | €188k | ▼ 44.1% |
| Other amounts receivable41 | €40k | €250k | €536k | €336k | €188k | ▼ 44.1% |
| Current investments50/53 | €511k | €441k | €370k | €300k | €300k | = |
| Other investments51/53 | €511k | €441k | €370k | €300k | €300k | = |
| Cash at bank and in hand54/58 | €233k | €44k | €167k | €5k | €4k | ▼ 8.6% |
| Deferred charges and accrued income490/1 | €5k | - | - | - | €5k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.59M | €3.53M | €5.60M | €5.38M | €5.24M | ▼ 2.7% |
| Equity10/15 | €3.53M | €3.41M | €3.38M | €3.44M | €3.36M | ▼ 2.4% |
| Contributions10/11 | €2.80M | €2.80M | €2.80M | €2.80M | €2.80M | = |
| Reserves13 | €734k | €614k | €586k | €639k | €557k | ▼ 12.8% |
| Non-distributable reserves130/1 | €52k | €52k | €52k | €52k | €52k | = |
| Reserves not available under the articles1311 | €52k | €52k | €52k | €52k | €52k | = |
| Distributable reserves133 | €682k | €562k | €535k | €587k | €506k | ▼ 13.9% |
| Amounts payable17/49 | €55k | €120k | €2.21M | €1.94M | €1.88M | ▼ 3.2% |
| Amounts payable after more than one year17 | - | - | €1.43M | €1.14M | €844k | ▼ 26.2% |
| Financial debts170/4 | - | - | €1.43M | €1.14M | €844k | ▼ 26.2% |
| Credit institutions173 | - | - | €1.43M | €1.14M | €844k | ▼ 26.2% |
| Amounts payable within one year42/48 | €55k | €120k | €774k | €787k | €1,000k | ▲ 27.1% |
| Current portion of amounts payable after more than one year42 | - | - | €274k | €287k | €300k | ▲ 4.6% |
| Trade debts44 | - | - | €148 | - | - | - |
| Suppliers440/4 | - | - | €148 | - | - | - |
| Taxes, remuneration and social security45 | €15k | €373 | - | - | - | - |
| Taxes450/3 | €15k | €373 | - | - | - | - |
| Other amounts payable47/48 | €40k | €120k | €500k | €500k | €700k | ▲ 40.0% |
| Accrued charges and deferred income492/3 | - | - | €6k | €11k | €36k | ▲ 226% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €304k | €-19 | €-28k | €53k | €-82k | ▼ 255% |
| Operating cash flow (approximation) | €304k | €-19 | €-28k | €53k | €-82k | ▼ 255% |
| Investment in fixed assets (approximation) | - | €0 | €-1.73M | €-215k | €0 | ▲ 100% |
| Change in cash | - | €-189k | €123k | €-162k | €-402 | ▲ 99.8% |
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
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-82k
Net result drops to €-82k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €53k
Net result €53k after 2 loss-making years.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Balen · 1 establishment unit since 2012
Ground area
3,370 m²
Building footprint
281 m²
Volume, LiDAR
1,500 m³
Parcel 13342C0008/00D000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
D & S
since 20122.211.096.786
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13342C0008/00D000 | Flanders | 3,370 m² | 1 · 281 m² | 10.1 m · 2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded06-07-2012
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.