Checked.be
Active
BE 0655.972.594Private limited company (pre-2019)
D.S. Garten
Amel,Heiderfeld 73 ·4770 Amel, Belgium· 10 yrs active
Sector: Landscape service activities
(81300)
Conclusion
D.S. Garten has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €405k and a net result of €41k. Equity is growing by ~7.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €405k |
| Net result | €41k |
| Active | 10 yrs |
| Locations | 1 |
Financial profile
80
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
50
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2016, 10 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€40k
estimate, not credit advice
Score history
85
2021
93
2022
100
2023
86
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.53 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.23 (≥ 1.0)
+5
Leverage
Debt/equity 0.37 (< 1.0)
+10
Profitability
ROE 10% (≥ 10%)
+10
Interest coverage
Interest coverage 26.8× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · unclassified schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~7.4%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€111k
+19.8%
21-25
€41k
+62.3%
21-25
€100k
+21.1%
21-25
€553k
+8.9%
21-25
€405k
+5.4%
21-25
€328k
+9.2%
21-25
4
-13.0%
21-25
€143k
+19.2%
21-25
€15k
+60.1%
21-25
€20k
+33.3%
21-25
€148k
+20.0%
21-25
€93k
+19.3%
21-25
€55k
+21.3%
21-25
4.53
-6.7%
21-25
4.23
+3.9%
21-25
73.2%
-3.3%
21-25
0.37
+13.9%
21-25
10.0%
+54.0%
21-25
7.3%
+49.0%
21-25
26.82
-13.4%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | unclassified schema | unclassified schema | unclassified schema | unclassified schema | unclassified schema |
| Revenue | - | - | - | - | - |
| EBITDA | €111k | €93k | €148k | €135k | €206k |
| Net profit | €41k | €25k | €67k | €42k | €106k |
| Cash flow | €100k | €82k | €131k | €122k | €180k |
| Staff costs | €143k | €120k | €129k | €129k | - |
| Income taxes | €15k | €10k | €18k | €12k | €25k |
| Dividends | €20k | €15k | €15k | €15k | - |
| Total assets | €553k | €508k | €539k | €487k | €475k |
| Equity | €405k | €384k | €374k | €322k | €295k |
| Debt | €148k | €124k | €165k | €165k | €180k |
| of which ≤ 1y | €93k | €78k | €89k | €101k | €106k |
| of which > 1y | €55k | €46k | €76k | €64k | €74k |
| Working capital | €328k | €300k | €275k | €250k | €198k |
| Employees (FTE) | - | - | - | 4.0 | 4.6 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 4.53 | 4.86 | 4.09 | 3.47 | 2.87 |
| Quick ratio | 4.23 | 4.08 | 3.54 | 2.96 | 2.60 |
| Working capital ratio | 59.3% | 59.2% | 51.1% | 51.5% | 41.7% |
| Solvency | 73.2% | 75.7% | 69.4% | 66.1% | 62.1% |
| Debt / equity | 0.37 | 0.32 | 0.44 | 0.51 | 0.25 |
| Long-term debt ratio | 0.14 | 0.12 | 0.20 | 0.20 | 0.25 |
| Interest coverage | 26.82 | 30.99 | 42.94 | 46.60 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 7.3% | 4.9% | 12.5% | 8.6% | 22.2% |
| ROE | 10.0% | 6.5% | 18.0% | 13.1% | 35.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €553k | €508k | €539k | €487k | €475k |
| Fixed assets | 21/28 | €132k | €129k | €175k | €135k | €170k |
| Tangible fixed assets | 22/27 | €132k | €129k | €175k | €135k | €170k |
| Financial fixed assets | 28 | €50 | €50 | €50 | €50 | €50 |
| Current assets | 29/58 | €421k | €378k | €364k | €352k | €304k |
| Stocks & contracts in progress | 3 | €28k | €61k | €49k | €51k | €29k |
| Amounts receivable within one year | 40/41 | €10k | €32k | €31k | €3k | €87k |
| Investments | 50/53 | €100k | €69k | €45k | €22k | - |
| Cash & bank | 54/58 | €283k | €217k | €237k | €272k | €186k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €553k | €508k | €539k | €487k | €475k |
| Equity | 10/15 | €405k | €384k | €374k | €322k | €295k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | - |
| Reserves | 13 | €386k | €366k | €356k | €303k | €276k |
| Amounts payable | 17/49 | €148k | €124k | €165k | €165k | €180k |
| Amounts payable after one year | 17 | €55k | €46k | €76k | €64k | €74k |
| Amounts payable within one year | 42/48 | €93k | €78k | €89k | €101k | €106k |
| Trade debts payable within one year | 44 | €9k | €17k | €10k | €27k | €15k |
| Income statement | ||||||
| Gross operating margin | 9900 | €256k | €214k | €279k | €265k | €328k |
| Operating result | 9901 | €52k | €36k | €84k | €56k | €131k |
| Financial income | 75 | €8k | €2k | €5k | €2k | €3k |
| Financial charges | 65 | €4k | €3k | €3k | €3k | €3k |
| Result before taxes | 9903 | €56k | €35k | €86k | €54k | €131k |
| Income taxes | 67/77 | €15k | €10k | €18k | €12k | €25k |
| Net result for the period | 9904 | €41k | €25k | €67k | €42k | €106k |
| Result to be appropriated | 9905 | €41k | €25k | €67k | €42k | €106k |
Legal Structure
| NACE primary | Landscape service activities(81300) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 07-06-2016 |
| Status | Active |
| Postal code | 4770 |
Establishment units
D.S. GARTEN
since 20162.254.032.055
Updates
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
30-06
Financial
Weakest financial yearnet €25k ▼62.9%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 28 days late
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Landscape service activities81300Civil engineering42990Other specialised construction activities43990Specialised construction activities43999Retail sale of flowers, plants, seeds and fertilisers47761Urban planning and landscape architecture71113
Names & trade names
| Legal nameDE | D.S. Garten |
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