D-SERV
ActiveSummary
D-SERV has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58k and a net result of €-9k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 79% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-32
Solvency100=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.82 in 2024; short-term debt: 11.6% and cash: 9.7% of total assets), and 17% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
83%
Return on assets
-12.2%
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 27-08-2026, 27 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 filingsDeviation from the deadline
2025
27 d late
2024
30 d late
2023
42 d late
2022
32 d late
2021
17 d late
2020
3 d early
2019
38 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€58k▼ 12.8%
2024 · €67k
2018: €64k
2019: €41k▼ -35.8% vs 2018
2020: €41k▼ -1.7% vs 2019lowest in 8 years
2021: €48k▲ +19.2% vs 2020
2022: €61k▲ +26.2% vs 2021
2023: €55k▼ -9.2% vs 2022
2024: €67k▲ +20.2% vs 2023highest in 8 years
2025: €58k▼ -12.8% vs 2024
2018 → 2025
Total assets
€70k▼ 18.2%
2024 · €86k
2018: €72k
2019: €53k▼ -26.5% vs 2018
2020: €49k▼ -7.7% vs 2019lowest in 8 years
2021: €70k▲ +44.1% vs 2020
2022: €110k▲ +55.6% vs 2021highest in 8 years
2023: €97k▼ -11.6% vs 2022
2024: €86k▼ -11.5% vs 2023
2025: €70k▼ -18.2% vs 2024
2018 → 2025
Net result
€-9k
2024 · €11k
2018: €-2k
2019: €-23k▼ -1430% vs 2018lowest in 8 years
2020: €-695▲ +97.0% vs 2019
2021: €8k▲ +1224% vs 2020
2022: €13k▲ +62.2% vs 2021highest in 8 years
2023: €-6k▼ -144% vs 2022
2024: €11k▲ +300% vs 2023
2025: €-9k▼ -176% vs 2024
2018 → 2025
Working capital
€6k▼ 2.3%
2024 · €6k
2018: €11khighest in 8 years
2019: €-8k▼ -174% vs 2018
2020: €-3k▲ +68.0% vs 2019
2021: €-9k▼ -263% vs 2020lowest in 8 years
2022: €-8k▲ +13.0% vs 2021
2023: €-8k▲ +2.0% vs 2022
2024: €6k▲ +178% vs 2023
2025: €6k▼ -2.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€61k▲ 26.2%€55k▼ 9.2%€67k▲ 20.2%€58k▼ 12.8%
2021: €48klowest in 5 years
2022: €61k▲ +26.2% vs 2021
2023: €55k▼ -9.2% vs 2022
2024: €67k▲ +20.2% vs 2023highest in 5 years
2025: €58k▼ -12.8% vs 2024
Operating result€9k-€-8k€-4k▲ 42.8%€12k€-8k
2021: €9k
2022: €-8k▼ -189% vs 2021
2023: €-4k▲ +42.8% vs 2022
2024: €12k▲ +372% vs 2023highest in 5 years
2025: €-8k▼ -164% vs 2024lowest in 5 years
Net result€8k-€13k▲ 62.2%€-6k€11k€-9k
2021: €8k
2022: €13k▲ +62.2% vs 2021highest in 5 years
2023: €-6k▼ -144% vs 2022
2024: €11k▲ +300% vs 2023
2025: €-9k▼ -176% vs 2024lowest in 5 years
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 turns negative in 2025: a loss of €8k after €12k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70k
Fixed assets
€56k ▼ 22.2%
Current assets
€14k ▲ 2.6%
Equity and liabilities €70k
Equity
€58k ▼ 12.8%
Debt
€12k ▼ 37.1%
Debt's share of the balance-sheet total falls from 22.1% to 17.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▼
2024 · €29k
Cash flow
€7k▼
2024 · €28k
Current ratio
1.75▼
2024 · 1.82
Debt to equity
0.21▼
2024 · 0.28
ROE
-14.7%▼
2024 · 16.8%
ROA
-12.2%▼
2024 · 13.1%
Interest coverage
10.57▼
2024 · 32.20
Debt ≤ 1 year
€8k▲
2024 · €8k
Debt > 1 year
€4k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€86k€70k▼
Fixed assets21/28€72k€56k▼
Intangible fixed assets21€15k€9k▼
Tangible fixed assets22/27€57k€46k▼
Furniture and vehicles24€57k€46k▼
Current assets29/58€14k€14k▲
Amounts receivable within one year40/41€11k€7k▼
Trade receivables40€8k€7k▼
Other amounts receivable41€3k€527▼
Cash at bank and in hand54/58€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€86k€70k▼
Equity10/15€67k€58k▼
Contributions10/11€32k€32k=
Capital10€32k€32k=
Issued capital100€32k€32k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€31k€23k▼
Amounts payable17/49€19k€12k▼
Amounts payable after more than one year17€11k€4k▼
Financial debts170/4€11k€4k▼
Amounts payable within one year42/48€8k€8k▲
Current portion of amounts payable after more than one year42€7k€8k▲
Trade debts44€220€583▲
Suppliers440/4€220€583▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€16k▼
Other operating charges640/8€867€3k▲
Gross operating margin9900€30k€11k▼
Operating profit (loss)9901€12k€-8k▼
Financial income75/76B€25€12▼
Recurring financial income75€25€12▼
Financial charges65/66B€910€771▼
Recurring financial charges65€910€771▼
Profit (loss) for the period before taxes9903€11k€-9k▼
Profit (loss) for the period9904€11k€-9k▼
Profit (loss) for the period to be appropriated9905€11k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€23k▼
Profit (loss) brought forward from the previous period14P€20k€31k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €17k | €16k | €17k | €16k | ▼ 7.1% |
| Other operating charges640/8 | €2k | €973 | €2k | €867 | €3k | ▲ 199% |
| Gross operating margin9900 | €27k | €10k | €14k | €30k | €11k | ▼ 64.4% |
| Operating profit (loss)9901 | €9k | €-8k | €-4k | €12k | €-8k | ▼ 164% |
| Financial income75/76B | €0 | €22k | €6 | €25 | €12 | ▼ 52.7% |
| Recurring financial income75 | €0 | €22k | €6 | €25 | €12 | ▼ 52.7% |
| Non-recurring financial income76B | - | €22k | - | - | - | - |
| Financial charges65/66B | €938 | €2k | €1k | €910 | €771 | ▼ 15.2% |
| Recurring financial charges65 | €938 | €2k | €1k | €910 | €771 | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | €8k | €13k | €-6k | €11k | €-9k | ▼ 176% |
| Profit (loss) for the period9904 | €8k | €13k | €-6k | €11k | €-9k | ▼ 176% |
| Profit (loss) for the period to be appropriated9905 | €8k | €13k | €-6k | €11k | €-9k | ▼ 176% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70k | €110k | €97k | €86k | €70k | ▼ 18.2% |
| Fixed assets21/28 | €58k | €95k | €82k | €72k | €56k | ▼ 22.2% |
| Intangible fixed assets21 | €37k | €28k | €21k | €15k | €9k | ▼ 35.1% |
| Tangible fixed assets22/27 | €21k | €67k | €61k | €57k | €46k | ▼ 18.9% |
| Plant, machinery and equipment23 | €16k | - | - | - | - | - |
| Furniture and vehicles24 | €5k | €67k | €61k | €57k | €46k | ▼ 18.9% |
| Current assets29/58 | €13k | €14k | €15k | €14k | €14k | ▲ 2.6% |
| Amounts receivable within one year40/41 | €12k | €10k | €11k | €11k | €7k | ▼ 30.1% |
| Trade receivables40 | €10k | €9k | €9k | €8k | €7k | ▼ 14.7% |
| Other amounts receivable41 | €3k | €668 | €2k | €3k | €527 | ▼ 79.3% |
| Cash at bank and in hand54/58 | €174 | €4k | €4k | €3k | €7k | ▲ 111% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70k | €110k | €97k | €86k | €70k | ▼ 18.2% |
| Equity10/15 | €48k | €61k | €55k | €67k | €58k | ▼ 12.8% |
| Contributions10/11 | €32k | €32k | €32k | €32k | €32k | = |
| Capital10 | €32k | €32k | €32k | €32k | €32k | = |
| Issued capital100 | €32k | €32k | €32k | €32k | €32k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Legal reserve130 | €3k | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €13k | €26k | €20k | €31k | €23k | ▼ 27.4% |
| Amounts payable17/49 | €22k | €48k | €41k | €19k | €12k | ▼ 37.1% |
| Amounts payable after more than one year17 | - | €26k | €19k | €11k | €4k | ▼ 66.3% |
| Financial debts170/4 | - | €26k | €19k | €11k | €4k | ▼ 66.3% |
| Amounts payable within one year42/48 | €22k | €22k | €23k | €8k | €8k | ▲ 6.7% |
| Current portion of amounts payable after more than one year42 | - | €7k | €7k | €7k | €8k | ▲ 1.9% |
| Financial debts43 | €2k | - | - | - | - | - |
| Credit institutions430/8 | €2k | - | - | - | - | - |
| Trade debts44 | €382 | €286 | €282 | €220 | €583 | ▲ 165% |
| Suppliers440/4 | €382 | €286 | €282 | €220 | €583 | ▲ 165% |
| Other amounts payable47/48 | €20k | €15k | €15k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €13k | €-6k | €11k | €-9k | ▼ 176% |
| + Depreciation and write-downs630 | €16k | €17k | €16k | €17k | €16k | ▼ 7.1% |
| Operating cash flow (approximation) | €24k | €29k | €10k | €28k | €7k | ▼ 74.0% |
| Investment in fixed assets (approximation) | - | €-54k | €-3k | €-7k | €0 | ▲ 100% |
| Change in cash | - | €4k | €-584 | €-571 | €4k | ▲ 724% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.82
Current ratio from 0.65 to 1.82; short-term debt falls from €23k to €8k.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €13k ▲62.2%
Net result €13k, the highest in the series.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after 3 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
Show earlier events
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 36 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Wichelen · 1 establishment unit since 1992
Ground area
2,873 m²
Building footprint
251 m²
Volume, LiDAR
1,383 m³
Parcel 42020D0124/00V011, Flanders · tallest building 26.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Heidestraat 12, 9260 Wichelen
since 19922.057.885.781
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42020D0124/00V011 | Flanders | 2,873 m² | 1 · 251 m² | 26.6 m · 2 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,851 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
Founded10-06-1992
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.