D-SERIES

Active

Private limited companyfounded 200818 yrs activeGrand'Route 32, 1428 Braine-l'Alleud, BelgiumKBO/BCE: BE 0899.120.615

The computed 12-month bankruptcy probability of D-SERIES is 2.1% (moderate). The 2025 annual accounts show equity of €114k and a net result of €9k. Equity is growing by ~43.9% per year across the filed fiscal years. Its solvency ranks better than 68% of 6717 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

67 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability74▼-20

Solvency78▼-2

Growth52=

Track record100

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

Liquidity ample (current ratio 1.86 against 1.88 in 2024; short-term debt: 39.2% and cash: 30.4% of total assets), and 46.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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 · 10 filings

Deviation from the deadline

2025

46 d late

2024

159 d late

2023

56 d early

2022

53 d late

2021

70 d early

2020

51 d early

2019

69 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€310k▲ 5.2%

2022 · €295k

2018: €614k 2019: €194k 2020: €206k 2021: €229k 2022: €295k

2018 → 2023

EBIT margin

9.7%▲ 0.1pp

2022 · 9.7%

2018: -15.4% 2019: -22.2% 2020: 2.6% 2021: -2.0% 2022: 9.7%

2018 → 2023

Net result

€9k▼ 75.4%

2024 · €38k

2018: €2k 2019: €-21k 2020: €5k 2021: €-4k 2022: €27k 2023: €25k 2024: €38k

2018 → 2025

Working capital

€72k▲ 32.0%

2024 · €55k

2018: €-1k 2019: €-26k 2020: €-29k 2021: €-27k 2022: €4k 2023: €21k 2024: €55k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€229k-€295k▲ 28.7%€310k▲ 5.2%

Equity€24k-€41k▲ 70.5%€66k▲ 60.9%€105k▲ 57.7%€114k▲ 9.0%

Operating result€-4k-€28k€30k▲ 5.9%€63k▲ 108%€37k▼ 41.3%

Net result€-4k-€27k€25k▼ 7.2%€38k▲ 52.6%€9k▼ 75.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 41% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €214k

26.9%

73.1%

Fixed assets €57k▼ 19.4%

Current assets €156k▲ 33.4%

Equity and liabilities €214k

53.4%

46.6%

Equity €114k▲ 9.0%

Debt €99k▲ 18.4%

The debt ratio rises from 44.5% to 46.6%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€62k▼

2024 · €86k

Cash flow

€34k▼

2024 · €62k

Solvency

53.4%▼

2024 · 55.5%

Current ratio

1.86▼

2024 · 1.88

Quick ratio

1.32▼

2024 · 1.36

Debt / equity

0.87▲

2024 · 0.80

ROE

8.3%▼

2024 · 36.6%

ROA

4.4%▼

2024 · 20.3%

Interest coverage

9.28▼

2024 · 12.74

Debt

€99k▲

2024 · €84k

Debt ≤ 1 year

€84k▲

2024 · €62k

Debt > 1 year

€12k▼

2024 · €22k

Income taxes

€21k▲

2024 · €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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€189k€214k▲

Formation expenses20€301€0▼

Fixed assets21/28€71k€57k▼

Intangible fixed assets21€7k€5k▼

Tangible fixed assets22/27€53k€41k▼

Land and buildings22€5k€4k▼

Furniture and vehicles24€48k€38k▼

Financial fixed assets28€11k€11k=

Current assets29/58€117k€156k▲

Stocks and contracts in progress3€32k€45k▲

Stocks30/36€32k€45k▲

Amounts receivable within one year40/41€35k€39k▲

Trade receivables40€34k€38k▲

Other amounts receivable41€814€596▼

Cash at bank and in hand54/58€42k€65k▲

Deferred charges and accrued income490/1€8k€7k▼

Equity and liabilities

Total equity and liabilities10/49€189k€214k▲

Equity10/15€105k€114k▲

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€84k€94k▲

Amounts payable17/49€84k€99k▲

Amounts payable after more than one year17€22k€12k▼

Financial debts170/4€22k€12k▼

Amounts payable within one year42/48€62k€84k▲

Current portion of amounts payable after more than one year42€11k€10k▼

Financial debts43-€2k

Credit institutions430/8-€2k

Trade debts44€12k€29k▲

Suppliers440/4€12k€29k▲

Taxes, remuneration and social security45€21k€28k▲

Taxes450/3€21k€26k▲

Remuneration and social security454/9-€2k

Other amounts payable47/48€18k€14k▼

Accrued charges and deferred income492/3-€4k

Income statement Code20242025

Non-recurring operating income76A-€2k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€25k▲

Other operating charges640/8€3k€3k▲

Non-recurring operating charges66A-€9k

Gross operating margin9900€89k€73k▼

Operating profit (loss)9901€63k€37k▼

Financial income75/76B€25€40▲

Recurring financial income75€25€40▲

Financial charges65/66B€7k€7k▼

Recurring financial charges65€7k€7k▼

Profit (loss) for the period before taxes9903€56k€30k▼

Income taxes67/77€18k€21k▲

Profit (loss) for the period9904€38k€9k▼

Profit (loss) for the period to be appropriated9905€38k€9k▼

Appropriation of the result

Profit (loss) to be appropriated9906€84k€94k▲

Profit (loss) brought forward from the previous period14P€46k€84k▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Financial 5Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

15-09

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 46 days late

31-08

State Gazette act Resignations & appointments

General meeting · Mandate compensation · Director resignation4 facts ▸

General meeting, 2026-03-31
Mandate compensation, Aneja Divye Mohan
Director resignation, Christian Olivier (administrateur)
Director resignation, Aneja Diya Mohan (administrateur)

06-01

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 159 days late

2024

31-12

Financial Highest result since 2018net €38k ▲52.6%

Operating result €63k, net result €38k, both a record.

31-12

Financial Equity above €100kEq €105k ▲57.7%

3 profitable years in a row build equity to €105k.

05-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

22-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 53 days late

2022

31-12

Financial Back to profitnet €27k

Net result €27k after one loss-making year.

22-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

10-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

23-05

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Weakest financial yearnet €-21k ▼1415%

Net result drops to €-21k, the lowest in the series; recovery starts the following year.

08-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

14-05

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

15-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

31-03-2026 Aneja Diya Mohan: Resigned as Director

31-03-2026 Christian Olivier: Resigned as Director

Location & real-estate footprint

Registered office, Braine-l'Alleud · 3 establishment units since 2008

establishment All 3 establishment units on the map

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.

Grand'Route 321428 Braine-l'Alleud

Ground area

2,139 m²

Building footprint

297 m²

Volume, LiDAR

1,047 m³

3 parcels, Wallonia · tallest building 5.8 m, ±2 floors. Linked by address, not a title deed.

3 establishment units

D-Series

Grand'Route 32, 1428 Braine-l'AlleudNACE 45206

since 20082.176.698.509

Grand'Route 409, 1428 Braine-l'Alleud

NACE 45206

since 20142.238.162.954

D-Braine Express

Avenue Léon Jourez 85, 1420 Braine-l'AlleudAgents in non-specialised wholesale trade

since 20192.283.867.275

3 parcels

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25054C0003/00D002	Wallonia	1,054 m²	1 · 131 m²	5.8 m · 2 fl.
25054A0001/00E013	Wallonia	692 m²	1 · 92 m²	5.5 m · 2 fl.
25742H0257/00_000	Wallonia	394 m²	1 · 74 m²	-