d2S Engineering
Annual accounts 2025
micro format, filed on 22-06-2026, 39 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €160,000 and €420,000.
Balance sheet
balance sheet total €252,857 on 31-12-2025in euro
in euro
Position in the sector
75.4%
Higher than 84% of 119 companies in 2025.
2.94
Higher than 76% of 116 companies in 2025.
19.6%
Higher than 82% of 117 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
252,857 | 242,883 | 166,575 | 123,328 | 99,257 | 61,249 | |
21/28 |
70,237 | 86,430 | 52,353 | 61,567 | 29,938 | 23,001 | |
21 |
- | - | 67 | 153 | 239 | 325 | |
22/27 |
70,237 | 86,430 | 52,287 | 61,415 | 29,699 | 22,676 | |
22 |
42,657 | 45,243 | 47,829 | 48,626 | 15,072 | - | |
24 |
27,580 | 41,187 | 4,458 | 12,788 | 14,626 | 22,676 | |
29/58 |
182,621 | 156,453 | 114,222 | 61,761 | 69,319 | 38,248 | |
40/41 |
13,058 | 39,325 | 12,725 | 13,108 | 11,616 | 8,857 | |
40 |
12,229 | 39,325 | 12,110 | 12,110 | 11,616 | 8,857 | |
41 |
829 | - | 615 | 999 | - | - | |
50/53 |
- | 116,757 | 100,217 | 47,239 | - | - | |
54/58 |
169,198 | 371 | 1,280 | 1,413 | 56,353 | 28,081 | |
490/1 |
365 | - | - | - | 1,350 | 1,310 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
252,857 | 242,883 | 166,575 | 123,328 | 99,257 | 61,249 | |
10/15 |
190,778 | 196,313 | 153,869 | 109,999 | 69,831 | 33,227 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
170,778 | 176,313 | 133,869 | 89,999 | 49,831 | 13,227 | |
133 |
170,778 | 176,313 | 133,869 | 89,999 | 49,831 | 13,227 | |
17/49 |
62,079 | 46,570 | 12,706 | 13,329 | 29,426 | 28,022 | |
42/48 |
62,079 | 46,570 | 12,706 | 13,329 | 29,426 | 28,022 | |
42 |
- | - | - | - | - | 7,751 | |
44 |
365 | 8,929 | 2,847 | 368 | 12,586 | 444 | |
440/4 |
365 | 8,929 | 2,847 | 368 | 12,586 | 444 | |
45 |
6,494 | 11,420 | 9,859 | 12,961 | 14,196 | 6,486 | |
450/3 |
6,494 | 11,420 | 9,859 | 12,961 | 14,196 | 6,486 | |
47/48 |
55,220 | 26,221 | - | - | 2,644 | 13,341 | |
| Income statement | |||||||
9900 |
81,471 | 101,615 | 66,614 | 59,143 | 53,806 | 28,792 | |
630 |
16,193 | 14,156 | 10,920 | 11,047 | 8,249 | 10,872 | |
640/8 |
545 | 1,214 | 229 | 280 | 400 | 1,117 | |
9901 |
64,732 | 86,245 | 55,466 | 47,816 | 45,157 | 16,803 | |
65/66B |
96 | 335 | 196 | 133 | 179 | 661 | |
65 |
96 | 335 | 196 | 133 | 179 | 661 | |
9903 |
64,637 | 85,910 | 55,270 | 47,683 | 44,978 | 16,142 | |
67/77 |
15,171 | 17,467 | 11,399 | 7,515 | 8,374 | 2,915 | |
9904 |
49,466 | 68,443 | 43,871 | 40,168 | 36,604 | 13,227 | |
9905 |
49,466 | 68,443 | 43,871 | 40,168 | 36,604 | 13,227 | |
| Appropriation of the result | |||||||
9906 |
49,466 | 68,443 | 43,871 | 40,168 | 36,604 | 13,227 | |
791/2 |
55,000 | - | - | - | - | - | |
691/2 |
49,466 | 42,443 | 43,871 | 40,168 | 36,604 | 13,227 | |
6921 |
49,466 | 42,443 | 43,871 | 40,168 | 36,604 | 13,227 | |
694/7 |
55,000 | 26,000 | - | - | - | - | |
694 |
55,000 | 26,000 | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00194984 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00208999 | |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00160300 | |
| 31-12-2022 | micro format | 19-06-2023 | 2023-00162970 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20087155 | |
| 31-12-2020 | micro format | 04-06-2021 | 2021-17800594 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 80,926 | 100,402 | 66,385 | 58,863 | 53,406 | 27,675 | ||
| 65,659 | 82,599 | 54,791 | 51,215 | 44,853 | 24,099 | ||
| 0 | 48,233 | 1,706 | 42,677 | 15,186 | 33,873 | ||
| 168,827 | -909 | -133 | -54,940 | 28,272 | - | ||
| 120,541 | 109,883 | 101,516 | 48,431 | 39,893 | 10,226 | ||
| 75.4% | 80.8% | 92.4% | 89.2% | 70.4% | 54.2% | ||
| 2.94 | 3.36 | 8.99 | 4.63 | 2.36 | 1.36 | ||
| 0.33 | 0.24 | 0.08 | 0.12 | 0.42 | 0.84 | ||
| 25.9% | 34.9% | 28.5% | 36.5% | 52.4% | 39.8% | ||
| 19.6% | 28.2% | 26.3% | 32.6% | 36.9% | 21.6% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €48,233 | €1,706 | €42,677 | €15,186 |
| €16,193 | €14,156 | €10,920 | €11,047 | €8,249 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on d2S Engineering
The operating result for 2025 is 25% lower than in 2024.
Debt's share of the balance-sheet total rises from 19.2% to 24.6%. Equity is lower and debt is higher.