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D.S. DIFFUSION

Active
Public limited companyfounded 2001active for 25 yearsRue d'Herchies (G.) 37, 7011 Mons, BelgiumKBO/BCE: BE 0475.220.816
Summary

D.S. DIFFUSION is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For D.S. DIFFUSION, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €3.6m and a net result of €210,218. Equity remains stable across the filed financial years (±0.4% per year). Its solvency ranks better than 73% of 2,775 sector peers (NACE 64, financial year 2024). The company has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activities of holding companies
NACE 64210
1 site
Size
≈ €31,000turnover 2024, estimated
Equity
€3.6m
Profit
€210,218
Turnover estimated from the gross margin
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
Holdings
2
  • DSConnectDirector · permanent representative Jean-PolSimon
2025 accounts not filed, 92 days past the deadline2 of 7 deeds summarised
Signalsraises riskAnnual accounts not filed2024 accounts filed 166 days lateShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: One filing cycle is missing
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Two signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 92 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline31-10-2026 today
raises risk · 2024 accounts filed 166 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-01-2026, 166 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
166 days late
2023
30 days late
2022
21 days late
2021
36 days late
2020
27 days late
2019
87 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 61 days after the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Annual accounts filedfinancial year 2023 · full…
  3. Capital & sharesCapital · Incorporation · Founding…

Financials · financial year 2024, full format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 31 October 2026.

Equity
€3.6m▲ 6.3%
2023 · €3.3m
Net result
€210,218▼ 15.7%
2023 · €249,394
Total assets
€4.3m▼ 18.6%
2023 · €5.3m
Solvency
82.4%▲ 19.3pp
2023 · 63.1%
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result recovers in 2024; 2024 is 61% above 2023 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.003m 2024 Net result€0.2m 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Turnover€0.07m-
Operating result-€0.007m--€0.001m▲ 84.9%-€0.001m▲ 2.5%-€0.009m▼ 759%€0.003m€0.002m▼ 30.1%€0.003m▲ 61.4%
Net result-€0.007m--€0.001m▲ 92.2%€1.7mabove the sector's middle half-€0.8mbelow the sector's middle half€0.5mwithin the sector's middle half€0.2mwithin the sector's middle half▼ 53.3%€0.2mwithin the sector's middle half▼ 15.7%
Equity€3.6m-€3.6m=€5.3mwithin the sector's middle half▲ 47.0%€4.6mwithin the sector's middle half▼ 14.3%€5.1mwithin the sector's middle half▲ 11.7%€3.3mwithin the sector's middle half▼ 34.4%€3.6mwithin the sector's middle half▲ 6.3%
Total assets€3.6m-€3.6m=€5.3mwithin the sector's middle half▲ 47.0%€4.6mwithin the sector's middle half▼ 14.1%€5.1mwithin the sector's middle half▲ 11.5%€5.3mwithin the sector's middle half▲ 3.8%€4.3mwithin the sector's middle half▼ 18.6%
Debt€0.006m-€0.006m▲ 6.5%€0.009m▲ 37.3%€0.02m▲ 95.0%€0.01m▼ 35.3%€2.0m▲ 179×€0.8m▼ 61.1%
Working capital€0.004m-€0.008m▲ 114%€0.01mwithin the sector's middle half▲ 63.4%€0.1mwithin the sector's middle half▲ 911%€0.4mwithin the sector's middle half▲ 172%€0.4mwithin the sector's middle half▲ 11.1%€0.02mwithin the sector's middle half▼ 95.6%
Solvency99.8%-99.8%=99.8%above the sector's middle half=99.6%above the sector's middle half▼ 0.2pp99.8%above the sector's middle half▲ 0.2pp63.1%within the sector's middle half▼ 36.7pp82.4%within the sector's middle half▲ 19.3pp
Current ratio1.65-2.32▲ 0.662.57within the sector's middle half▲ 0.259.12above the sector's middle half▲ 6.5635.13above the sector's middle half▲ 26.0111.68above the sector's middle half▼ 23.451.36within the sector's middle half▼ 10.32
Return on assets (ROA)-0.2%-0.0%▲ 0.2pp31.9%above the sector's middle half▲ 31.9pp-16.6%below the sector's middle half▼ 48.5pp10.4%above the sector's middle half▲ 27.0pp4.7%within the sector's middle half▼ 5.7pp4.9%within the sector's middle half▲ 0.2pp
above within below the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.3m
Fixed assets €4.2m ▼ 12.4%
Current assets €69,065 ▼ 84.8%
Equity and liabilities €4.3m
Equity €3.6m ▲ 6.3%
Debt €760,982 ▼ 61.1%
Debt's share of the balance-sheet total falls from 36.9% to 17.6%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
ROE
5.9%▼
2023 · 7.5%
Debt ≤ 1 year
€50,687▲
2023 · €38,775
Debt > 1 year
€710,296▼
2023 · €1.9m
Income taxes
€1,986▼
2023 · €11,989
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet Code20232024
Assets
Total assets20/58€5.3m€4.3m▼
Fixed assets21/28€4.8m€4.2m▼
Financial fixed assets28€4.8m€4.2m▼
Current assets29/58€0.5m€0.07m▼
Amounts receivable within one year40/41€0.4m€0.006m▼
Other amounts receivable41€0.4m€0.006m▼
Cash at bank and in hand54/58€0.01m€0.06m▲
Deferred charges and accrued income490/1€0.04m-
Equity and liabilities
Total equity and liabilities10/49€5.3m€4.3m▼
Equity10/15€3.3m€3.6m▲
Contributions10/11€2.2m€2.2m=
Capital10€2.2m€2.2m=
Issued capital100€2.2m€2.2m=
Reserves13€0.1m€0.1m▲
Non-distributable reserves130/1€0.1m€0.1m▲
Legal reserve130€0.1m€0.1m▲
Profit (loss) carried forward14€1.1m€1.3m▲
Amounts payable17/49€2.0m€0.8m▼
Amounts payable after more than one year17€1.9m€0.7m▼
Financial debts170/4€1.9m€0.7m▼
Amounts payable within one year42/48€0.04m€0.05m▲
Trade debts44€0.02m€0.03m▲
Suppliers440/4€0.02m€0.03m▲
Taxes, remuneration and social security45€0.02m€0.02m▼
Taxes450/3€0.02m€0.02m▼
Income statement Code20232024
Other operating charges640/8€0.003m€0.001m▼
Non-recurring operating charges66A-€0.002m
Gross operating margin9900€0.004m€0.006m▲
Operating profit (loss)9901€0.002m€0.003m▲
Financial income75/76B€0.3m€0.2m▼
Recurring financial income75€0.3m€0.2m▼
Financial charges65/66B€191€359▲
Recurring financial charges65€191€359▲
Profit (loss) for the period before taxes9903€0.3m€0.2m▼
Income taxes67/77€0.01m€0.002m▼
Profit (loss) for the period9904€0.2m€0.2m▼
Profit (loss) for the period to be appropriated9905€0.2m€0.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.6m€1.3m▼
Profit (loss) brought forward from the previous period14P€1.4m€1.1m▼
Transfer to equity691/2€0.01m€0.01m▼
To the legal reserve6920€0.01m€0.01m▼
Profit to be distributed694/7€0.6m-
Return on contributions (dividend)694€0.6m-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Turnover70€0.07m-------
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.002m€0.002m€0.002m-----
Other operating charges640/8---€0.001m€0.001m€0.003m€0.001m▼ 41.1%
Non-recurring operating charges66A------€0.002m-
Gross operating margin9900-€0.004m€0.002m€0.002m-€0.008m€0.004m€0.004m€0.006m▲ 42.7%
Operating profit (loss)9901-€0.007m-€0.001m-€0.001m-€0.009m€0.003m€0.002m€0.003m▲ 61.4%
Financial income75/76B---€0.02m€0.7m€0.3m€0.2m▼ 19.3%
Recurring financial income75€0.001m€0.001m€1.7m€0.02m€0.7m€0.3m€0.2m▼ 19.3%
Financial charges65/66B---€0.8m€0.2m€191€359▲ 88.5%
Recurring financial charges65€155€209€171€187€320€191€359▲ 88.5%
Non-recurring financial charges66B---€0.8m€0.2m---
Profit (loss) for the period before taxes9903-€0.007m-€0.001m€1.7m-€0.8m€0.5m€0.3m€0.2m▼ 18.8%
Income taxes67/77--€101€0.004m€0.006m€0.01m€0.002m▼ 83.4%
Profit (loss) for the period9904-€0.007m-€0.001m€1.7m-€0.8m€0.5m€0.2m€0.2m▼ 15.7%
Profit (loss) for the period to be appropriated9905-€0.007m-€0.001m€1.7m-€0.8m€0.5m€0.2m€0.2m▼ 15.7%
Line2018201920202021202220232024Change
Assets
Total assets20/58€3.6m€3.6m€5.3m€4.6m€5.1m€5.3m€4.3m▼ 18.6%
Formation expenses20€0.004m€0.002m------
Fixed assets21/28€3.6m€3.6m€5.3m€4.4m€4.7m€4.8m€4.2m▼ 12.4%
Financial fixed assets28€3.6m€3.6m€5.3m€4.4m€4.7m€4.8m€4.2m▼ 12.4%
Current assets29/58€0.01m€0.01m€0.02m€0.2m€0.4m€0.5m€0.07m▼ 84.8%
Amounts receivable after more than one year29---€50----
Other amounts receivable291---€50----
Amounts receivable within one year40/41€0.01m€0.01m€0.001m€0.06m€0.3m€0.4m€0.006m▼ 98.5%
Trade receivables40---€0.001m----
Other amounts receivable41---€0.06m€0.3m€0.4m€0.006m▼ 98.5%
Cash at bank and in hand54/58--€0.02m€0.1m€0.04m€0.01m€0.06m▲ 497%
Deferred charges and accrued income490/1---€0.002m€0.02m€0.04m--
Equity and liabilities
Total equity and liabilities10/49€3.6m€3.6m€5.3m€4.6m€5.1m€5.3m€4.3m▼ 18.6%
Equity10/15€3.6m€3.6m€5.3m€4.6m€5.1m€3.3m€3.6m▲ 6.3%
Contributions10/11€3.6m€3.6m€3.6m€3.6m€3.6m€2.2m€2.2m=
Capital10---€3.6m€3.6m€2.2m€2.2m=
Issued capital100---€3.6m€3.6m€2.2m€2.2m=
Reserves13€0.006m€0.006m€0.09m€0.09m€0.1m€0.1m€0.1m▲ 8.1%
Non-distributable reserves130/1---€0.09m€0.1m€0.1m€0.1m▲ 8.1%
Legal reserve130---€0.09m€0.1m€0.1m€0.1m▲ 8.1%
Profit (loss) carried forward14€0.006m€0.005m€1.6m€0.9m€1.4m€1.1m€1.3m▲ 19.0%
Amounts payable17/49€0.006m€0.006m€0.009m€0.02m€0.01m€2.0m€0.8m▼ 61.1%
Amounts payable after more than one year17-----€1.9m€0.7m▼ 62.9%
Financial debts170/4-----€1.9m€0.7m▼ 62.9%
Amounts payable within one year42/48€0.006m€0.006m€0.009m€0.02m€0.01m€0.04m€0.05m▲ 30.7%
Trade debts44€147€0.003m€104€0.007m-€0.02m€0.03m▲ 106%
Suppliers440/4---€0.007m-€0.02m€0.03m▲ 106%
Taxes, remuneration and social security45---€0.01m€0.01m€0.02m€0.02m▼ 21.7%
Taxes450/3---€0.007m€0.01m€0.02m€0.02m▼ 21.7%
Remuneration and social security454/9---€0.003m----
Line2018201920202021202220232024Change
Profit (loss) for the period9904-€0.007m-€0.001m€1.7m-€0.8m€0.5m€0.2m€0.2m▼ 15.7%
+ Depreciation and write-downs630€0.002m€0.002m€0.002m-----
Operating cash flow (approximation)-€0.005m€0.002m€1.7m-€0.8m€0.5m€0.2m€0.2m▼ 15.7%
Investment in fixed assets (approximation)-€0.001m-€1.7m€0.9m-€0.3m-€0.1m€0.6m-
Change in cash---€0.07m-€0.05m-€0.03m€0.05m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 23 filings with the National Bank
Financial year Type Filed Reference
31-12-2024 full format 13-01-2026 2026-00008575
31-12-2023 full format 30-08-2024 2024-00406226
31-12-2022 full format 21-08-2023 2023-00336624
31-12-2021 full format 05-09-2022 2022-20412757
31-12-2020 full format 27-08-2021 2021-54400368
31-12-2019 full format 26-10-2020 2020-62800485
31-12-2018 full format 02-08-2019 2019-42600202
31-12-2017 full format 31-07-2018 2018-40100388
31-12-2016 full format 14-06-2017 2017-17400559
31-12-2015 full format 20-07-2016 2016-34000523

Show all 23 filings

Similar companies · same sector, comparable size

Of the 24,455 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,128. 9,215 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2023

Board 1

DSConnect
Director · since 07-08-2023 · Legal entity · permanent representative: Jean-PolSimon
Current

Permanent representatives 1

Jean-PolSimon
Permanent representative · since 07-08-2023 · for DSConnect
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
5 of this company's 7 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2023, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
DSConnect
  • Director, from 07-08-2023 to date
Jean-PolSimon
  • Director, until 07-08-2023
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 31-10-2023 Incorporation · €18,600 · 186 shares
  2. 31-10-2023 Capital increase of €18,600 · to €62,000
  3. 31-10-2023 Capital increase of €3,546,766 · to €3,608,766 · 2,722 new shares
  4. 31-10-2023 Capital reduction of €1,445,554.90 · to €2,163,211.10 · “imputation sur le capital dans le cadre d'une réduction des fonds propres de 2000000”

Group and network

Holdings and subsidiaries

2 holdings

Holdings 2

Source for every holding own accounts 2024

Stated earlier (1)

An older source named these holdings; newer accounts no longer list them.

According to the 2024 annual accounts of D.S. DIFFUSION and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

D.S. DIFFUSION was incorporated on 20 July 2001.1 In 2023 the capital was increased by €3.5m to €3.6m.2 Total assets rose from €3.6m in 2018 to €4.3m in 2024.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 31-10-2023
  3. 3National Bank, annual accounts 2018 and 2024

Acts, filings and financial milestones

2026
13-01
NBB filing Annual accounts filed
financial year 2024 · full format · 166 days late
2024
30-08
NBB filing Annual accounts filed
financial year 2023 · full format · 30 days late
2023
31-10
Gazette deed Capital & shares
Capital · Incorporation · Founding capital11 facts ▸
  • Capital, €2,163,211.10
  • Incorporation, 09-07-2001
  • Founding capital, €18,600
  • General meeting, 21-12-2012
  • Legal-form conversion, “SCA” (deed in French)
  • Capital increase, €18,600
  • General meeting, 23-12-2016
  • Capital increase, €3,546,766
  • General meeting, 27-10-2023
  • Capital decrease, €1,445,554.90
  • Reserve release, 554445.1, “bénéfices reportés” (deed in French)
21-08
NBB filing Annual accounts filed
financial year 2022 · full format · 21 days late
07-08
Gazette deed Resignation: Jean-PolSimon (director)
Appointment: DSConnect (director) · Permanent representative: Jean-PolSimon4 facts ▸
  • General meeting, 10-01-2022
  • Director resignation, Jean-PolSimon (director)
  • Director appointment, DSConnect (director)
  • Permanent representative, Jean-PolSimon (representative)
2022
31-12
Financial Back to profitnet €533,572
Net result €533,572 after one loss-making year.
31-12
Financial Liquidity more than triplescurrent ratio 35.13
Current ratio from 9.12 to 35.13; short-term debt falls from €16,874 to €10,923.
31-12
Financial Equity above €5mequity €5.1m ▲11.7%
Equity rises from €4.6m to €5.1m.
05-09
NBB filing Annual accounts filed
financial year 2021 · full format · 36 days late
2021
31-12
Financial Weakest financial yearnet -€758,943
Net result drops to -€758,943, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity more than triplescurrent ratio 9.12
Current ratio from 2.57 to 9.12.
27-08
NBB filing Annual accounts filed
financial year 2020 · full format · 27 days late
Show earlier events
2020
31-12
Financial Back to profitnet €1.7m
Net result €1.7m after 2 loss-making years.
31-12
Financial Equity above €5mequity €5.3m ▲47%
Equity rises from €3.6m to €5.3m.
26-10
NBB filing Annual accounts filed
financial year 2019 · full format · 87 days late
2019
02-08
NBB filing Annual accounts filed
financial year 2018 · full format · 2 days late
2018
31-07
NBB filing Annual accounts filed
financial year 2017 · full format
2017
14-06
NBB filing Annual accounts filed
financial year 2016 · full format
2016
20-07
NBB filing Annual accounts filed
financial year 2015 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 23 annual accounts filed, the latest 10 are here; all 23 are under Financials.
2 of 7 deeds read
About the unread acts

Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPublic limited company
Founded20-07-2001
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0475220816
Registered 30-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 2005
registered office establishment The establishment unit on the map
Ground area
1.3 ha
Building footprint
5,598 m²
Building volume
58,781 m³
Parcel 53030B0429/00P000, Wallonia · tallest building 13.7 m. Linked by address, not a title deed.
1 establishment unit
D.S. DIFFUSION
Rue d'Herchies (G.) 37, 7011 MonsActivities of holding companies
since 2005unit no. 2.282.343.187
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
53030B0429/00P000 Wallonia 1.3 ha 1 · 5,598 m² 13.7 m · 3
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

Kind of sharesWhich classes of shares exist and what rights each class carries.
One provision in the deed

Read from the deeds: 1 provision, deed of 31-10-2023