D.S.M.
ActiveD.S.M. has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €342k and a net result of €-18k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 83% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability14▼-67
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 5.01 against 9.99 in 2023; short-term debt: 19.6% and cash: 11.9% of total assets), and 19.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 2024Solvency, return and age of the figures
Solvency
80.4%
Return on assets
-4.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
on the day
2022
21 d early
2021
29 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
Name match with a sanctions list
1 entryMURAD EN SONS DIAMONDSalias M.S.D.
A name match is not a finding that this company itself is on the list; check the entry at the source.
Financials · fiscal year 2024, micro schema
Equity
€342k▼ 9.9%
2023 · €380k
2018: €161k
2019: €197k
2020: €260k
2021: €292k
2022: €338k
2023: €380k
2018 → 2024
Total assets
€426k▲ 0.9%
2023 · €422k
2018: €196k
2019: €247k
2020: €315k
2021: €373k
2022: €358k
2023: €422k
2018 → 2024
Net result
€-18k
2023 · €42k
2018: €12k
2019: €36k
2020: €63k
2021: €33k
2022: €46k
2023: €42k
2018 → 2024
Working capital
€334k▼ 11.2%
2023 · €376k
2018: €152k
2019: €196k
2020: €259k
2021: €291k
2022: €334k
2023: €376k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€260k-€292k▲ 12.5%€338k▲ 15.8%€380k▲ 12.3%€342k▼ 9.9%
Operating result€91k-€52k▼ 43.2%€71k▲ 38.1%€61k▼ 13.9%€-9k
Net result€63k-€33k▼ 47.9%€46k▲ 41.9%€42k▼ 10.0%€-18k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €9k after €61k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €426k
Fixed assets
€8k▲ 113%
Current assets
€417k▼ 0.2%
Equity and liabilities €426k
Equity
€342k▼ 9.9%
Debt
€83k▲ 99.1%
The debt ratio rises from 9.9% to 19.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▼
2023 · €62k
Cash flow
€-17k▼
2023 · €42k
Solvency
80.4%▼
2023 · 90.1%
Current ratio
5.01▼
2023 · 9.99
Quick ratio
3.53▼
2023 · 6.58
Debt / equity
0.24▲
2023 · 0.11
ROE
-5.2%▼
2023 · 10.9%
ROA
-4.2%▼
2023 · 9.9%
Interest coverage
-0.45▼
2023 · 6.03
Debt
€83k▲
2023 · €42k
Debt ≤ 1 year
€83k▲
2023 · €42k
Income taxes
€442▼
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€422k€426k▲
Fixed assets21/28€4k€8k▲
Tangible fixed assets22/27€3k€8k▲
Plant, machinery and equipment23-€4k
Furniture and vehicles24€31-
Other tangible fixed assets26€3k€3k=
Financial fixed assets28€440€440=
Current assets29/58€418k€417k▼
Stocks and contracts in progress3€143k€123k▼
Stocks30/36€143k€123k▼
Amounts receivable within one year40/41€219k€243k▲
Trade receivables40€78k€62k▼
Other amounts receivable41€141k€181k▲
Cash at bank and in hand54/58€57k€51k▼
Deferred charges and accrued income490/1€71€859▲
Equity and liabilities
Total equity and liabilities10/49€422k€426k▲
Equity10/15€380k€342k▼
Contributions10/11€80k€80k=
Reserves13€241k€221k▼
Non-distributable reserves130/1€6k-
Reserves not available under the articles1311€6k-
Distributable reserves133€235k€221k▼
Profit (loss) carried forward14€59k€41k▼
Amounts payable17/49€42k€83k▲
Amounts payable within one year42/48€42k€83k▲
Current portion of amounts payable after more than one year42-€23k
Trade debts44€18k€32k▲
Suppliers440/4€18k€32k▲
Taxes, remuneration and social security45€24k€9k▼
Taxes450/3€24k€9k▼
Other amounts payable47/48-€19k
Income statement
Code20232024
Non-recurring operating income76A-€6
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€375€831▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€20€2k▲
Gross operating margin9900€64k€-4k▼
Operating profit (loss)9901€61k€-9k▼
Financial income75/76B€9k€8k▼
Recurring financial income75€9k€8k▼
Non-recurring financial income76B-€1
Financial charges65/66B€10k€17k▲
Recurring financial charges65€10k€17k▲
Profit (loss) for the period before taxes9903€60k€-17k▼
Income taxes67/77€18k€442▼
Profit (loss) for the period9904€42k€-18k▼
Profit (loss) for the period to be appropriated9905€42k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€94k€41k▼
Profit (loss) brought forward from the previous period14P€52k€59k▲
Transfer from equity791/2-€20k
Transfer to equity691/2€35k-
To other reserves6921€35k-
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-18k ▼143%
Net result drops to €-18k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 17.74
Current ratio from 4.59 to 17.74; short-term debt falls from €81k to €20k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €63k ▲74.5%
Operating result €91k, net result €63k, both a record.
31-12
Financial
Equity above €200kEq €260k ▲31.7%
3 profitable years in a row build equity to €260k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Liedekerke · 2 establishment units since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kapellebaan 15-171770 LiedekerkeGround area
3,414 m²
Building footprint
1,641 m²
Volume, LiDAR
19,980 m³
2 parcels, Flanders · tallest building 19.7 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
DONNET SOUND MARKETING CY
since 19902.047.978.321
Kapellebaan 15, 1770 Liedekerke
since 19982.047.978.024
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43502D0138/00F000 | Flanders | 1,869 m² | 1 · 1,466 m² | 19.7 m · 5 fl. |
| 23762B0013/00N046 | Flanders | 1,545 m² | 1 · 175 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TEBA
BE 0457.589.283
Sint-Truiden · Eq €343k
BELECTRON
BE 0425.097.253
Pajottegem · Eq €344k
A.S.T.
BE 0420.855.185
Gent · Eq €340k
MICROGROOVE
BE 0885.037.601
Ukkel · Eq €339k
ELECTRO GROOTHANDEL LEKENS
BE 0428.697.735
Gent · Eq €347k
Of 977 companies in sector 46431 we hold annual accounts for 705. 548 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-1990
Fiscal year end31-12
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.