D.S. GIPS
ActiveSummary
The computed 12-month bankruptcy probability of D.S. GIPS is 2.5% (moderate). The 2025 annual accounts show equity of €42,883 and a net result of -€1,663. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 76% of 7625 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-5
Solvency93▲+10
Growth52=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 3.21 against 2.15 in 2024; short-term debt: 22.3% and cash: 36.9% of total assets), and 32.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.7%
Return on assets
-2.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
45 d late
2024
53 d late
2023
20 d late
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 37 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed 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 7 September (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€42,883▼ 3.7%
2024 · €44,546
Total assets
€63,355▼ 17.3%
2024 · €76,580
Net result
-€1,663
2024 · €938
Working capital
€31,211▲ 28.9%
2024 · €24,207
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€17,652-€38,056▲ 116%€6,760▼ 82.2%€2,896▼ 57.2%
Net result€13,949within the sector's middle half-€27,659above the sector's middle half▲ 98.3%€938within the sector's middle half▼ 96.6%-€1,663below the sector's middle half
Equity€15,949within the sector's middle half-€43,608within the sector's middle half▲ 173%€44,546within the sector's middle half▲ 2.2%€42,883within the sector's middle half▼ 3.7%
Total assets€23,876below the sector's middle half-€104,887within the sector's middle half▲ 339%€76,580within the sector's middle half▼ 27.0%€63,355within the sector's middle half▼ 17.3%
Debt€7,927-€61,279▲ 673%€32,034▼ 47.7%€20,472▼ 36.1%
Working capital€15,537within the sector's middle half-€14,114within the sector's middle half▼ 9.2%€24,207within the sector's middle half▲ 71.5%€31,211within the sector's middle half▲ 28.9%
Solvency66.8%above the sector's middle half-41.6%within the sector's middle half▼ 25.2pp58.2%within the sector's middle half▲ 16.6pp67.7%above the sector's middle half▲ 9.5pp
Current ratio2.96above the sector's middle half-1.31within the sector's middle half▼ 1.652.15within the sector's middle half▲ 0.843.21above the sector's middle half▲ 1.07
Return on assets (ROA)58.4%above the sector's middle half-26.4%above the sector's middle half▼ 32.1pp1.2%within the sector's middle half▼ 25.1pp-2.6%below the sector's middle half▼ 3.8pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 has fallen two years in a row; 2025 is 57% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63,355
Fixed assets
€18,044 ▼ 42.3%
Current assets
€45,311 =
Equity and liabilities €63,355
Equity
€42,883 ▼ 3.7%
Debt
€20,472 ▼ 36.1%
Debt's share of the balance-sheet total falls from 41.8% to 32.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16,131▼
2024 · €20,064
Cash flow
€11,573▼
2024 · €14,241
Debt to equity
0.48▼
2024 · 0.72
ROE
-3.9%▼
2024 · 2.1%
Interest coverage
7.49▼
2024 · 7.76
Debt ≤ 1 year
€14,100▼
2024 · €21,092
Debt > 1 year
€6,372▼
2024 · €10,942
Income taxes
€2,537▼
2024 · €3,237
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,146 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
2.2%
went bankrupt
5.9%
stopped otherwise
92%
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 2.5% 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 497,340 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% | 1.8% |
| 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 2,146 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67 | €7,322 | €13,303 | €13,236 | ▼ 0.5% |
| Other operating charges640/8 | €50 | €3,123 | €1,833 | €2,801 | ▲ 52.8% |
| Non-recurring operating charges66A | - | €250 | - | - | - |
| Gross operating margin9900 | €17,769 | €48,751 | €21,897 | €18,932 | ▼ 13.5% |
| Operating profit (loss)9901 | €17,652 | €38,056 | €6,760 | €2,896 | ▼ 57.2% |
| Financial income75/76B | - | €0 | €0 | €134 | ▲ 445,867% |
| Recurring financial income75 | - | €0 | €0 | €134 | ▲ 445,867% |
| Financial charges65/66B | €49 | €2,226 | €2,586 | €2,155 | ▼ 16.7% |
| Recurring financial charges65 | €49 | €2,226 | €2,586 | €2,155 | ▼ 16.7% |
| Profit (loss) for the period before taxes9903 | €17,603 | €35,830 | €4,175 | €874 | ▼ 79.1% |
| Income taxes67/77 | €3,654 | €8,171 | €3,237 | €2,537 | ▼ 21.6% |
| Profit (loss) for the period9904 | €13,949 | €27,659 | €938 | -€1,663 | ▼ 277% |
| Profit (loss) for the period to be appropriated9905 | €13,949 | €27,659 | €938 | -€1,663 | ▼ 277% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €23,876 | €104,887 | €76,580 | €63,355 | ▼ 17.3% |
| Fixed assets21/28 | €412 | €44,584 | €31,280 | €18,044 | ▼ 42.3% |
| Tangible fixed assets22/27 | €412 | €44,407 | €31,103 | €17,867 | ▼ 42.6% |
| Plant, machinery and equipment23 | €412 | €1,355 | €657 | €27 | ▼ 96.0% |
| Furniture and vehicles24 | - | €17,507 | €10,844 | €4,181 | ▼ 61.4% |
| Leasing and similar rights25 | - | €25,544 | €19,602 | €13,659 | ▼ 30.3% |
| Financial fixed assets28 | - | €177 | €177 | €177 | = |
| Current assets29/58 | €23,464 | €60,304 | €45,299 | €45,311 | = |
| Amounts receivable within one year40/41 | €4,294 | €50,710 | €26,463 | €16,338 | ▼ 38.3% |
| Trade receivables40 | €3,216 | €47,739 | €23,791 | €14,218 | ▼ 40.2% |
| Other amounts receivable41 | €1,077 | €2,971 | €2,672 | €2,120 | ▼ 20.6% |
| Cash at bank and in hand54/58 | €19,171 | €5,829 | €14,375 | €23,386 | ▲ 62.7% |
| Deferred charges and accrued income490/1 | - | €3,764 | €4,462 | €5,587 | ▲ 25.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €23,876 | €104,887 | €76,580 | €63,355 | ▼ 17.3% |
| Equity10/15 | €15,949 | €43,608 | €44,546 | €42,883 | ▼ 3.7% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €13,949 | €41,608 | €42,546 | €40,883 | ▼ 3.9% |
| Amounts payable17/49 | €7,927 | €61,279 | €32,034 | €20,472 | ▼ 36.1% |
| Amounts payable after more than one year17 | - | €15,090 | €10,942 | €6,372 | ▼ 41.8% |
| Financial debts170/4 | - | €15,090 | €10,942 | €6,372 | ▼ 41.8% |
| Amounts payable within one year42/48 | €7,927 | €46,189 | €21,092 | €14,100 | ▼ 33.1% |
| Current portion of amounts payable after more than one year42 | - | €3,765 | €4,148 | €4,570 | ▲ 10.2% |
| Trade debts44 | €1,916 | €30,793 | €9,897 | - | - |
| Suppliers440/4 | €1,916 | €30,793 | €9,897 | - | - |
| Taxes, remuneration and social security45 | €3,654 | €9,390 | €4,610 | €5,658 | ▲ 22.7% |
| Taxes450/3 | €3,654 | €9,092 | €4,074 | €3,438 | ▼ 15.6% |
| Remuneration and social security454/9 | - | €298 | €536 | €2,220 | ▲ 314% |
| Other amounts payable47/48 | €2,357 | €2,242 | €2,438 | €3,872 | ▲ 58.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,949 | €27,659 | €938 | -€1,663 | ▼ 277% |
| + Depreciation and write-downs630 | €67 | €7,322 | €13,303 | €13,236 | ▼ 0.5% |
| Operating cash flow (approximation) | €14,016 | €34,980 | €14,241 | €11,573 | ▼ 18.7% |
| Investment in fixed assets (approximation) | - | -€51,493 | €0 | €0 | - |
| Change in cash | - | -€13,341 | €8,545 | €9,011 | ▲ 5.5% |
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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
31-12
Financial
Weakest financial yearnet -€1,663
Net result drops to -€1,663, the lowest in the series.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Highest result since 2022net €27,659 ▲98.3%
Operating result €38,056, net result €27,659, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tervuren · 1 establishment unit since 2022
Ground area
937 m²
Building footprint
140 m²
Volume, LiDAR
1,163 m³
Parcel 24104A0019/00X000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
D.S. GIPS
since 20222.333.149.611
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24104A0019/00X000 | Flanders | 937 m² | 1 · 140 m² | 11.3 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 29,786 companies in sector 41001 we hold annual accounts for 16,061. 12,955 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
Founded11-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
43120Site preparation
Contact
Phone
0466106217
E-invoicing
Reachable via Peppol
Peppol ID
0208:0788464203
Also
9925:BE0788464203
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.