Financials
- Fiscal year
- 2025
- Total assets
- €414,210
- Profit
- €318,148
- Solvency
- 70.4%
Total assets▲ 1,662%
Net result
20182025
D.S.D.
ActiveSummary
D.S.D. has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €291,651 and a net result of €318,148. Equity is shrinking by ~53.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Activity not known
How big
€414,210total assets 2025
- Equity
- €291,651
- Profit
- €318,148
Turnover not published (abridged schema)
Who decides
Accounts 14 d early0 of 5 deeds read
Why 88- 1 of the last 3 late- No establishment unit in the KBO+ Size: total assets €414,210+ Founded in 1991Show the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Better than 59% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
95+95
equity 70.4% of total assets
Liquidity
50-9
short-term debt 1.9% · cash 0.4%
Profitability
50+50
return on assets 76.8%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 4 months
07-2026: 1.7%highest value
08-2026: 0.2%▼ -85.8% vs 07-2026lowest value
09-2026: 0.2%● 0.0% vs 08-2026lowest value
10-2026: 0.2%● 0.0% vs 09-2026lowest value
- Size: total assets €414,210 lowers the probability for this profile
- Founded in 1991 lowers the probability for this profile
- 1 of the last 3 late raises the probability
- No establishment unit in the KBO raises the probability
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 50.46 against 0.58 in 2024; short-term debt: 1.9% and cash: 0.4% of total assets), and 29.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 59%, liquidity 41%, profitability 36%, growth against the median 99%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
16 d early
2023
197 d late
2022
31 d late
2021
12 d late
2020
29 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 48 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 12 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Back to profitnet €318,148
- Liquidity times 87current ratio 50.46
Key points
By topic
Timeline
- Events
- 16
- Since
- 2017
- Next accounts
- by 31-07-2027
- 17-07-2026Annual accounts filed
- 31-12-2025Back to profit
- 31-12-2025Liquidity times 87
Company details
- Legal form
- Public limited company
- Founded
- 22-11-1991
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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