D.S.V.
ActiveD.S.V. has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.21M and a net result of €-582k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 1290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability38▼-21
Solvency60▼-11
Growth35▲+1
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days only on tighter terms
Liquidity ample (current ratio 1.51 against 1.85 in 2023; short-term debt: 54.9% and cash: 6.6% of total assets), but 65.2% 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 41
Relative position
BE, all sectors
reference
Sector 41
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
34.8%
Return on assets
-4.8%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-12-2025, 128 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
128 d late
2023
84 d late
2022
199 d late
2021
86 d late
2020
100 d late
2019
118 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€20.16M▲ 9.3%
2023 · €18.43M
2018: €17.66M
2020: €12.17M
2021: €14.75M
2023: €18.43M
2018 → 2024
EBIT margin
-1.8%▼ 3.3pp
2023 · 1.5%
2018: 4.8%
2020: 3.4%
2021: 2.0%
2023: 1.5%
2018 → 2024
Net result
€-582k
2023 · €45k
2018: €595k
2020: €243k
2021: €149k
2023: €45k
2018 → 2024
Working capital
€3.38M▼ 15.2%
2023 · €3.99M
2018: €3.31M
2020: €4.04M
2021: €4.05M
2023: €3.99M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182020202120232024Trend
Turnover€17.66M-€12.17M▼ 31.1%€14.75M▲ 21.2%€18.43M▲ 25.0%€20.16M▲ 9.3%
Equity€4.96M-€5.63M▲ 13.6%€4.63M▼ 17.8%€4.79M▲ 3.5%€4.21M▼ 12.1%
Operating result€853k-€416k▼ 51.2%€298k▼ 28.5%€274k▼ 8.0%€-371k
Net result€595k-€243k▼ 59.2%€149k▼ 38.6%€45k▼ 69.7%€-582k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €371k after €274k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12.11M
Fixed assets
€2.08M▲ 15.4%
Current assets
€10.02M▲ 15.2%
Equity and liabilities €12.11M
Equity
€4.21M▼ 12.1%
Provisions
€54k▼ 23.3%
Debt
€7.84M▲ 39.0%
The debt ratio rises from 53.7% to 64.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€184k▼
2023 · €845k
Cash flow
€-27k▼
2023 · €616k
Solvency
34.8%▼
2023 · 45.6%
Current ratio
1.51▼
2023 · 1.85
Quick ratio
0.92▼
2023 · 0.99
Debt / equity
1.86▲
2023 · 1.18
ROE
-13.8%▼
2023 · 0.9%
ROA
-4.8%▼
2023 · 0.4%
Interest coverage
3.91▼
2023 · 19.73
Debt
€7.84M▲
2023 · €5.64M
Debt ≤ 1 year
€6.64M▲
2023 · €4.71M
Debt > 1 year
€927k▲
2023 · €896k
Income taxes
€291▼
2023 · €40k
Staff costs
€4.00M▲
2023 · €3.98M
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€10.51M€12.11M▲
Fixed assets21/28€1.81M€2.08M▲
Tangible fixed assets22/27€1.81M€2.08M▲
Land and buildings22€636k€618k▼
Plant, machinery and equipment23€186k€229k▲
Furniture and vehicles24€79k€54k▼
Leasing and similar rights25€904k€1.18M▲
Current assets29/58€8.70M€10.02M▲
Stocks and contracts in progress3€4.05M€3.94M▼
Stocks30/36€518k€262k▼
Raw materials and consumables30/31€518k€262k▼
Contracts in progress37€3.53M€3.67M▲
Amounts receivable within one year40/41€4.21M€5.19M▲
Trade receivables40€3.50M€4.35M▲
Other amounts receivable41€709k€837k▲
Cash at bank and in hand54/58€401k€799k▲
Deferred charges and accrued income490/1€44k€101k▲
Equity and liabilities
Total equity and liabilities10/49€10.51M€12.11M▲
Equity10/15€4.79M€4.21M▼
Contributions10/11€223k€223k=
Capital10€223k€223k=
Issued capital100€223k€223k=
Revaluation surpluses12€73k€58k▼
Reserves13€3.63M€3.62M▼
Non-distributable reserves130/1€1.18M€1.30M▲
Legal reserve130€22k€22k=
Financial assistance1313€497k€617k▲
Other1319€666k€666k=
Tax-exempt reserves132€19k€0▼
Distributable reserves133€2.42M€2.32M▼
Profit (loss) carried forward14€870k€307k▼
Provisions and deferred taxes16€71k€54k▼
Provisions for liabilities and charges160/5€71k€54k▼
Pensions and similar obligations160€15k€17k▲
Other liabilities and charges164/5€56k€37k▼
Amounts payable17/49€5.64M€7.84M▲
Amounts payable after more than one year17€896k€927k▲
Financial debts170/4€896k€927k▲
Leasing and similar obligations172€545k€701k▲
Credit institutions173€351k€226k▼
Amounts payable within one year42/48€4.71M€6.64M▲
Current portion of amounts payable after more than one year42€533k€557k▲
Financial debts43€2.23M€3.30M▲
Credit institutions430/8€2.23M€3.30M▲
Trade debts44€1.62M€2.55M▲
Suppliers440/4€1.62M€2.55M▲
Taxes, remuneration and social security45€339k€237k▼
Taxes450/3€139k€45k▼
Remuneration and social security454/9€200k€192k▼
Accrued charges and deferred income492/3€33k€274k▲
Income statement
Code20232024
Operating income70/76A€18.86M€20.61M▲
Turnover70€18.43M€20.16M▲
Change in stocks of work in progress, finished goods and contracts in progress71€128k€141k▲
Other operating income74€269k€270k▲
Non-recurring operating income76A€24k€38k▲
Operating charges60/66A€18.58M€20.98M▲
Goods for resale, raw materials and consumables60€11.28M€13.19M▲
Purchases600/8€11.52M€12.93M▲
Change in stocks: decrease (increase)609€-236k€256k▲
Services and other goods61€2.30M€2.91M▲
Remuneration, social security and pensions62€3.98M€4.00M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€571k€555k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€324k€223k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€40k€-17k▼
Other operating charges640/8€49k€104k▲
Non-recurring operating charges66A€35k€19k▼
Operating profit (loss)9901€274k€-371k▼
Financial income75/76B€25k€35k▲
Recurring financial income75€25k€35k▲
Income from financial fixed assets750€0-
Income from current assets751€25k€32k▲
Other financial income752/9€97€2k▲
Financial charges65/66B€214k€245k▲
Recurring financial charges65€214k€245k▲
Debt charges650€43k€47k▲
Other financial charges652/9€171k€198k▲
Profit (loss) for the period before taxes9903€85k€-582k▼
Income taxes67/77€40k€291▼
Taxes670/3€40k€291▼
Profit (loss) for the period9904€45k€-582k▼
Transfer from tax-exempt reserves789-€19k
Profit (loss) for the period to be appropriated9905€45k€-563k▼
Appropriation of the result
Profit (loss) to be appropriated9906€870k€307k▼
Profit (loss) brought forward from the previous period14P€825k€870k▲
Social balance
Average headcount (FTE)908765.864.5▼
The notes to these accounts (95 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 128 days late
2024
31-12
Financial
Weakest financial yearnet €-582k ▼1389%
Net result drops to €-582k, the lowest in the series.
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 84 days late
15-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 199 days late
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 86 days late
2021
08-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 100 days late
2020
31-12
Financial
Equity above €5MEq €5.63M ▲13.6%
2 profitable years in a row build equity to €5.63M.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 118 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 105 days late
2017
06-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 98 days late
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
50 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, Aarschot · 1 establishment unit since 1981
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.
Ter Heidelaan 693200 AarschotGround area
2.0 ha
Building footprint
2,535 m²
Volume, LiDAR
14,750 m³
Parcel 24662G0034/00D000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NV D.S.V.
since 19812.018.941.469
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662G0034/00D000 | Flanders | 2.0 ha | 1 · 2,535 m² | 7.1 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
2022 to 2025 · 5 entries · 9,354 EUR awarded · 10,344 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,622 EUR | 1,622 EUR |
| 2024 | 2 | 5,187 EUR | 5,187 EUR |
| 2023 | 1 | 1,777 EUR | 2,767 EUR |
| 2022 | 1 | 768 EUR | 768 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
45 categoriesD.S.V. NV16045
Dual-learning approval
2 live approvals · 3 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
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Of 2,452 companies in sector 41003 we hold annual accounts for 1,055. 311 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-06-1981
Fiscal year end31-12
Activities, NACEBEL
41003General construction of other non-residential buildings
42110Construction of roads and motorways
45230
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.