Result
-€1.3m ▼ 446%
The result fell in 2025 from -€246,182 to -€1.3m.
D-STOR
Lifetime
2 annual accounts with figures on one time axispeak -€118,740 (2024)
-€576,000▼ €457,260
lowest -€1.3m (2025)
-€1.3m▼ €1.1m
peak €12.8m (2024)
€11.5m▼ 10.5%
€46.1m▲ 123%
Board8 names since 2023
6 directorsBertrand THONET and 5 others
Owners2 names in the annual accounts
50%BSTOR and 1 other
Documentsfilings and deeds
30-03-2026123 days before the deadline
2025financial year
Gross margin from -€118,740 to -€576,000Loss of €1.3mDebts from €20.6m to €46.1mInvestments €33.1mCash from €12.3m to €4.4m
Key points
from the 2025 annual accountsDebts
€46.1m ▲ 123%
Debts rose by €25.4m in 2025.
Investments
€33.1m 91.1 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.09 was 37.61 in 2024
Short-term debts rose from €371,668 to €2.3m.
At the same address
17 companies
Board
1 joined
New director. Latest change 20-03-2026 · 7 in office.
Checked score
91
Excellent
Financially stronger than 30% of large companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2025: 2.2%
02-2025: 2.2%● unchanged vs 01-2025
03-2025: 2.3%▲ +0.1 percentage points vs 02-2025
04-2025: 2.7%▲ +0.4 percentage points vs 03-2025highest value
05-2025: < 0.1%▼ -2.7 percentage points vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2023
lowers risk
Size: total assets €57.6m
No main activity registered
Figures for financial year 2025 (filed on 30-03-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, large). It does better than 13% of them on solvency, 91% on liquidity, 5% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 137 companies had the same profile as D-STOR has now. Each dot is one company, two years later.
95.6%
were still trading
2.2%
stopped another way
2.2%
went bankrupt
The bankruptcy probability of D-STOR itself is lower: 0.1% within 12 months. It rests on far more data about D-STOR than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 137 companies, not a prediction for D-STOR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 2.09 (37.61 in 2024), above the usual 1.5. Short-term debt is 3.9% and cash 7.7% of total assets. However, 80% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2425
2024 to 2025 · latest year -€1.3m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-03-2026, 123 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
123 days early
2024
111 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 2 accounts on average 117 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 2 others
- BSTOR 50%score 94equity €22.4m (2025) · 2025 annual accounts of BSTOR
- DUFERCO WALLONIE 50%score 88equity €25.4m (2025) · 30-09-2025 annual accounts of DUFERCO WALLONIE
Recent changes
1 director appointed, 1 resignation
Permanent representatives: Bruno Vanderschueren and Olivia Lambrecht · Resignation: Bewatt SRL · Appointment: Atsilo Consulting SRL · General meeting of 20-03-2026 · Gazette deed
Capital increase of €10,930,000 to €13,080,000
Capital from €2,150,000 to €13,080,000 · Appointment: Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises (statutory auditor) · General meeting of 07-10-2024 · Gazette deed
Electricity generation licence granted
Decision of 07-05-2024, published on 16-05-2024
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1003618616
Official details
Source: KBO- Status
- Active since 19-12-2023Normal situation
- Registered office
- 18 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- “Le développement,le financement,l’approvisionnement,l’ingénierie,la construction,l’exploitation,la maintenance et la gestion d’actifs de stockage d’électricité par batterie” (deed in French)From the articlesNo NACE code in the KBO yet
- Establishment unit
- 2.356.057.3481160 Auderghem, since 19-12-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 16-01-2024
Annual accounts 2025
- €57.6m▲ 71.9%
- Filing
- Filed on 30-03-2026, 123 days before the end of the filing period
Insights on D-STOR
Solvency fell in 2025 from 38.3% to 20.0% because of the loss and higher long-term debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about D-STOR
- What is the company number of D-STOR?
- The company number of D-STOR is 1003.618.616. The VAT number is the same number with BE in front: BE 1003.618.616.
- Where is D-STOR based?
- The registered office is at Herrmann-Debrouxlaan 42, 1160 Auderghem.Company details
- What is the legal form of D-STOR?
- D-STOR is a public limited company (NV).
- When was D-STOR founded?
- D-STOR was founded on 19-12-2023.
- Is D-STOR still active?
- Yes, D-STOR is an active enterprise in the KBO register.
- What is the turnover of D-STOR?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is D-STOR profitable?
- In financial year 2025, D-STOR made a loss of €1.3m.
- Where can I find the annual accounts of D-STOR?
- D-STOR filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of D-STOR due?
- D-STOR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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