D & S Projects
ActiveD & S Projects has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €516k and a net result of €106k. Equity is growing by ~61% per year across the filed fiscal years. Its solvency ranks better than 81% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▼-12
Solvency100▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 3.39 against 2.81 in 2023; short-term debt: 23.4% and cash: 16.9% of total assets), and 24.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
75.2%
Return on assets
15.5%
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 25-06-2025, 36 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
42 d early
2022
33 d early
2020
32 d early
2019
39 d early
2018
37 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€516k▲ 25.7%
2023 · €411k
2018: €30k
2019: €82k
2020: €81k
2022: €249k
2023: €411k
2018 → 2024
Total assets
€687k▲ 15.6%
2023 · €594k
2018: €76k
2019: €195k
2020: €174k
2022: €443k
2023: €594k
2018 → 2024
Net result
€106k▼ 34.5%
2023 · €162k
2018: €9k
2019: €52k
2020: €-949
2022: €122k
2023: €162k
2018 → 2024
Working capital
€385k▲ 40.5%
2023 · €274k
2018: €15k
2019: €54k
2020: €50k
2022: €172k
2023: €274k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202220232024Trend
Equity€82k-€81k▼ 1.2%€249k▲ 210%€411k▲ 64.8%€516k▲ 25.7%
Operating result€68k-€1k▼ 98.4%€179k▲ 16,727%€240k▲ 34.1%€159k▼ 33.7%
Net result€52k-€-949€122k€162k▲ 33.2%€106k▼ 34.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €687k
Fixed assets
€141k▼ 16.4%
Current assets
€546k▲ 28.3%
Equity and liabilities €687k
Equity
€516k▲ 25.7%
Debt
€170k▼ 7.0%
The debt ratio falls from 30.8% to 24.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€207k▼
2023 · €283k
Cash flow
€154k▼
2023 · €205k
Solvency
75.2%▲
2023 · 69.2%
Current ratio
3.39▲
2023 · 2.81
Quick ratio
2.72▲
2023 · 1.95
Debt / equity
0.33▼
2023 · 0.45
ROE
20.6%▼
2023 · 39.5%
ROA
15.5%▼
2023 · 27.3%
Interest coverage
27.81▼
2023 · 47.73
Debt
€170k▼
2023 · €183k
Debt ≤ 1 year
€161k▲
2023 · €152k
Debt > 1 year
€9k▼
2023 · €32k
Income taxes
€46k▼
2023 · €72k
Staff costs
€233k▼
2023 · €250k
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€594k€687k▲
Fixed assets21/28€169k€141k▼
Tangible fixed assets22/27€169k€141k▼
Land and buildings22€16k€17k▲
Plant, machinery and equipment23€27k€33k▲
Furniture and vehicles24€126k€91k▼
Current assets29/58€425k€546k▲
Stocks and contracts in progress3€129k€107k▼
Stocks30/36€129k€107k▼
Amounts receivable within one year40/41€106k€320k▲
Trade receivables40€92k€304k▲
Other amounts receivable41€14k€16k▲
Cash at bank and in hand54/58€188k€116k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€594k€687k▲
Equity10/15€411k€516k▲
Contributions10/11€20k€20k=
Reserves13€391k€496k▲
Distributable reserves133€391k€496k▲
Amounts payable17/49€183k€170k▼
Amounts payable after more than one year17€32k€9k▼
Financial debts170/4€32k€9k▼
Amounts payable within one year42/48€152k€161k▲
Current portion of amounts payable after more than one year42€30k€22k▼
Trade debts44€29k€17k▼
Suppliers440/4€29k€17k▼
Taxes, remuneration and social security45€24k€42k▲
Taxes450/3€24k€42k▲
Other amounts payable47/48€68k€80k▲
Income statement
Code20232024
Remuneration, social security and pensions62€250k€233k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€47k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€4k€1k▼
Gross operating margin9900€539k€443k▼
Operating profit (loss)9901€240k€159k▼
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€234k€152k▼
Income taxes67/77€72k€46k▼
Profit (loss) for the period9904€162k€106k▼
Profit (loss) for the period to be appropriated9905€162k€106k▼
Appropriation of the result
Profit (loss) to be appropriated9906€162k€106k▼
Transfer to equity691/2€162k€105k▼
To other reserves6921€162k€105k▼
Profit to be distributed694/7€800€833▲
Return on contributions (dividend)694€800€833▲
Social balance
Average headcount (FTE)90874.7-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €516k ▲25.7%
3 profitable years in a row build equity to €516k.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €162k ▲33.2%
Operating result €240k, net result €162k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €122k
Net result €122k after one loss-making year.
31-12
Financial
Equity above €200kEq €249k ▲210%
Equity rises from €81k to €249k.
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-949 ▼102%
Net result drops to €-949, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brakel · 1 establishment unit since 2017
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.
Gentsestraat 809660 BrakelGround area
995 m²
Building footprint
275 m²
Volume, LiDAR
1,562 m³
Parcel 45009A0352/00L000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
D & S Projects
since 20172.262.025.548
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45009A0352/00L000 | Flanders | 995 m² | 1 · 275 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 3,328 EUR awarded · 5,082 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 801 EUR | 801 EUR |
| 2024 | 1 | 1,770 EUR | 1,770 EUR |
| 2023 | 1 | 757 EUR | 2,511 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 6,416 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-02-2017
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.