Equity
€190,778 ▼ 2.8%
d2S Engineering paid out €55,000 in dividends. That is 111% of the 2025 profit.
d2S Engineering
Overview
Lifetime
6 annual accounts with figures on one time axispeak €101,615 (2024)
€81,471▼ 19.8%
peak €68,443 (2024)
€49,466▼ 27.7%
peak €196,313 (2024)
€190,778▼ 2.8%
€62,079▲ 33.3%
Board1 name since 2019
1 directorDUTERME Pascal Joseph Marcel
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Gross margin from €101,615 to €81,471Result from €68,443 to €49,466Dividend €55,000Debts from €46,570 to €62,079Cash from €371 to €169,198
Key points
from the 2025 annual accountsFilings
6 annual accounts since 2020
The last five annual accounts were filed 31 to 42 days before the end of the period.
Position in the sector
€49,466
Higher net result than 86% of companies in motor vehicles. Sector median €4,600 · 119 companies.
Checked score
97
Excellent
Financially stronger than 74% of micro companies in motor vehicles (NACE 29)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 228 companies (NACE 29, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.5%▼ -0.1 percentage points vs 12-2024
02-2025: 0.6%▲ +0.1 percentage points vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.6%▼ -0.1 percentage points vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%▼ -0.1 percentage points vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.6 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 2.94, cash €169,198
Equity €190,778 (75.4% of total assets)
Sector: Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)
Size: total assets €252,857
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 (NACE 29, micro). It does better than 91% of them on solvency, 89% on liquidity, 86% on profitability and 29% 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, 26,972 companies had the same profile as d2S Engineering has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of d2S Engineering itself is lower: < 0.1% within 12 months. It rests on far more data about d2S Engineering 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 26,972 companies, not a prediction for d2S Engineering. 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 €18,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.94 (3.36 in 2024), above the usual 1.5. Short-term debt is 24.6% and cash 66.9% of total assets. 24.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 22-06-2026, 39 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
39 days early
2024
31 days early
2023
41 days early
2022
42 days early
2021
39 days early
2020
57 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 42 days before the deadline. In the sector (NACE 29), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed 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. The company usually files around 22 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered-office move
General meeting of 09-11-2021 · Gazette deed
First establishment
Rue du Treux,Eprave 21, Rochefort
Incorporation
Founder: DUTERME Pascal Joseph Marcel · 20 shares · Appointment: DUTERME Pascal Joseph Marcel (director) · published on 30-09-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| d2S Engineering Rochefort | €252,857 | €81,471 | 75.4% | - |
| GGS Fexhe-le-Haut-Clocher | €210,209 | €88,692 | 2.9% | - |
| ATELIER SELLERIE GARNISSAGE Liège | €92,059 | €53,130 | 76.2% | - |
| Concept Leathers Dilsen-Stokkem | €66,448 | €71,772 | 7.5% | - |
| Van'n Bike Zoersel | €366,738 | €118,608 | 71.8% | - |
| ICT-AutostopLeather Benelux Lier | €119,813 | €180,959 | 42.0% | - |
| AWLEST Braives | €146,969 | €55,284 | 32.7% | - |
These companies have the same main activity as d2S Engineering: manufacture of other parts and accessories for motor vehicles (NACE 29320). They are comparable in size and age: total assets between €66,400 and €367,000, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 26-09-2019Normal situation
- Activity
- Manufacture of other parts and accessories for motor vehiclesNACE 29320and 3 others
- Establishment unit
- 2.293.894.4045580 Rochefort, since 01-10-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €81,471▼ 19.8%
- ≈ €250,000estimated
- €49,466▼ 27.7%
- €190,778▼ 2.8%
- €252,857▲ 4.1%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on d2S Engineering
d2S Engineering files the micro format. That format states no turnover. The gross margin rose from €28,792 in 2020 to €81,471 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 22-06-2026, 39 days before the deadline€81,471
▼ 19.8%
€64,732
▼ 24.9%
€49,466
▼ 27.7%
€120,541
▲ 9.7%
75.4%
▼ 5.4 percentage points
2.94
▼ 0.42
Turnover 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 31-12-2025What the company ownsHow it is paid for
in 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.
d2S Engineering
Middle half of the sector
80% of the sector
Micro accounts in motor vehicles (NACE 29)
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.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 30-09-2019
term without a fixed end
listed in the 2025 annual accounts, filed on 22-06-2026
Mandates through the years
1 name, the dashed line is todayDUTERME Pascal Joseph Marcel
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- DUTERME Pascal Joseph Marcel
- Director (not named in the articles), appointed by deed of 30-09-2019, still in office
Control
Founder
This company
d2S Engineering
Equity €190,778
Profit €49,466 in 2025
Capital
- Contribution
- €20,000
- Shares
- 20
- Contribution per share
- €1,000
- Equity per share
- €9,539 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 30-09-2019 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Portée aux frais généraux indépendamment frais représentation,voyages et déplacements, assemblée générale à majorité absolue voix ou…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 20:00
Founder
At incorporation
deed of 30-09-2019 ↗
- DUTERME Pascal Joseph Marcel sole founder · 100% at incorporation
Network & group
No group
d2S Engineering has no parent and no holdings in its annual accounts. DUTERME Pascal Joseph Marcel is the only director.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Blanchisserie Duterme
via DUTERME Pascal Joseph Marcel · Director (not named in the articles) · deed of 12-10-2023
Founded in 2018 · total assets €341,138 (2025)
→
Timeline
Timeline
12 events since 2019Filings
Financial
Establishments
Address
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 39 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
2024
Highest result from 2020 to 2025 net €68,443 ▲56% The operating result of €86,245 and the net result of €68,443 are both a record.
Annual accounts 2023 filed PDFmicro format · 41 days before the deadline
2023
Equity above €150,000 equity €153,869 ▲39.9% With a profit in every financial year since 2020, equity grows to €153,869.
Annual accounts 2022 filed PDFmicro format · 42 days before the deadline
2022
Equity above €100,000 equity €109,999 ▲57.5% With a profit in every financial year since 2020, equity grows to €109,999.
Annual accounts 2021 filed PDFmicro format · 39 days before the deadline
Registered-office moveGeneral meeting of 09-11-20212 points ▸
- General meeting, 09-11-2021
- Registered-office move, rueduTreuxn°21à5580Eprave
2021
Annual accounts 2020 filed PDFmicro format · 57 days before the deadline
2019
First establishment Rue du Treux,Eprave 21, Rochefort
IncorporationFounder: DUTERME Pascal Joseph Marcel · 20 shares · Appointment: DUTERME Pascal Joseph Marcel (director) · published on 30-09-20195 points ▸
- Founder, DUTERME Pascal Joseph Marcel
- 20 shares
- Registered office clause, Vresse-sur-Semois, rue Albert Raty 22
- Board rule, 1, 3
- Director appointment, DUTERME Pascal Joseph Marcel (director (not named in the articles))
- The deed holds 1 more point.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
D2S Engineering was incorporated on 26 September 2019 as a private limited company by one natural person.12 DUTERME Pascal Joseph Marcel is director of the company, appointed by deed of 30-09-2019.2 Total assets rose from €61,249 in 2020 to €252,857 in 2025.3
Company details
Identity
- Enterprise number
- 0734.960.486
- VAT number
- BE 0734.960.486
- Peppol ID
- 0208:0734960486
- Other Peppol ID
- 9925:BE0734960486
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 26-09-2019
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 20:00deed of 30-09-2019 (in French)
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- d2S Engineering in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 30-09-2019 (in French)
- Name clauseThe company operates under this name according to its articles.
- D2S Engineeringdeed of 30-09-2019 (in French)
Activities
NACEBEL 202529320
Manufacture of other parts and accessories for motor vehicles main activity
Codes under NACEBEL 2008
29320
Manufacture of motor vehicles, trailers and semi-trailers main activity
29100
Manufacture of motor vehicles, trailers and semi-trailers
29310
Manufacture of electrical and electronic equipment for motor vehicles
71121
Engineering activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Les activités d’ingénierie et de conseils techniques,à l’exception des activités des géomètres; Toutes autres activités de contrôle et…”deed of 30-09-2019 (in French)
4 activities
- Les activités d’ingénierie et de conseils techniques,à l’exception des activités des géomètres
- Toutes autres activités de contrôle et analyses techniques
- La fabrication d’autres équipements pour véhicules automobiles
- La gestion immobilière pour compte propre
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue du Treux,Eprave 21 registered office 5580 Rochefort | 01-10-2019 | 2.293.894.404 |
Buildings and parcels at the address
- Ground area
- 615 m²
- Buildings
- 118 m²
- Volume, LiDAR
- 1,243 m³
- Tallest building
- 13.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 91040A0111/00K000 | 615 m² | 1 · 118 m² | 13.1 m · 4 |