D5Games
ActiveSummary
D5Games has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €21k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 45% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-6
Solvency54=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 2.63 in 2024; short-term debt: 36% and cash: 6.6% of total assets), but 71.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.7%
Return on assets
2.9%
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 26-08-2026, 26 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 · 7 filingsDeviation from the deadline
2025
26 d late
2024
29 d late
2023
29 d late
2022
31 d late
2021
2 d early
2020
40 d late
2019
7 d early
← 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, micro schema
Equity
€210k▲ 10.5%
2024 · €191k
Total assets
€734k▲ 13.0%
2024 · €650k
Net result
€21k▼ 29.1%
2024 · €30k
Working capital
€320k▲ 6.7%
2024 · €300k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9k▼ 81.3%€43k▲ 366%€20k▼ 54.0%€49k▲ 145%€42k▼ 14.4%
Net result€4k▼ 87.1%€25k▲ 547%€8k▼ 69.8%€30k▲ 294%€21k▼ 29.1%
Equity€131k▲ 2.1%€156k▲ 18.6%€162k▲ 4.1%€191k▲ 17.7%€210k▲ 10.5%
Total assets€606k▲ 3.5%€613k▲ 1.2%€694k▲ 13.2%€650k▼ 6.4%€734k▲ 13.0%
Debt€475k▲ 3.9%€457k▼ 3.6%€532k▲ 16.3%€459k▼ 13.7%€524k▲ 14.1%
Working capital€280k▼ 9.2%€299k▲ 6.9%€328k▲ 9.7%€300k▼ 8.6%€320k▲ 6.7%
Staff (FTE)1.71.1▼ 35.3%1.3▲ 18.2%3.1▲ 138%2.1▼ 32.3%
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 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €734k
Fixed assets
€150k ▼ 9.6%
Current assets
€584k ▲ 20.8%
Equity and liabilities €734k
Equity
€210k ▲ 10.5%
Debt
€524k ▲ 14.1%
Debt's share of the balance-sheet total rises from 70.7% to 71.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56k▼
2024 · €64k
Cash flow
€36k▼
2024 · €45k
Current ratio
2.21▼
2024 · 2.63
Quick ratio
0.53▲
2024 · 0.33
Debt to equity
2.49▲
2024 · 2.41
ROE
10.1%▼
2024 · 15.7%
ROA
2.9%▼
2024 · 4.6%
Interest coverage
5.25▼
2024 · 5.70
Debt ≤ 1 year
€264k▲
2024 · €184k
Debt > 1 year
€253k▼
2024 · €269k
Income taxes
€12k▲
2024 · €10k
Staff costs
€48k▼
2024 · €69k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €37k | €47k | €46k | €69k | €48k | ▼ 31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €17k | €17k | €15k | €14k | ▼ 5.3% |
| Other operating charges640/8 | €2k | €2k | €1k | €2k | €5k | ▲ 155% |
| Non-recurring operating charges66A | €89 | - | €516 | - | - | - |
| Gross operating margin9900 | €64k | €109k | €84k | €135k | €109k | ▼ 19.6% |
| Operating profit (loss)9901 | €9k | €43k | €20k | €49k | €42k | ▼ 14.4% |
| Financial income75/76B | €6k | €2k | €2k | €2k | €2k | ▼ 29.6% |
| Recurring financial income75 | €6k | €2k | €2k | €2k | €2k | ▼ 29.6% |
| Financial charges65/66B | €10k | €12k | €11k | €11k | €11k | ▼ 4.8% |
| Recurring financial charges65 | €10k | €12k | €11k | €11k | €11k | ▼ 4.8% |
| Profit (loss) for the period before taxes9903 | €5k | €34k | €10k | €40k | €33k | ▼ 18.0% |
| Income taxes67/77 | €651 | €9k | €3k | €10k | €12k | ▲ 15.1% |
| Profit (loss) for the period9904 | €4k | €25k | €8k | €30k | €21k | ▼ 29.1% |
| Profit (loss) for the period to be appropriated9905 | €4k | €25k | €8k | €30k | €21k | ▼ 29.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €606k | €613k | €694k | €650k | €734k | ▲ 13.0% |
| Fixed assets21/28 | €200k | €198k | €181k | €166k | €150k | ▼ 9.6% |
| Tangible fixed assets22/27 | €199k | €197k | €180k | €165k | €149k | ▼ 9.7% |
| Land and buildings22 | €143k | €134k | €126k | €117k | €109k | ▼ 7.2% |
| Plant, machinery and equipment23 | €50k | €44k | €39k | €35k | €32k | ▼ 8.9% |
| Furniture and vehicles24 | €6k | €18k | €16k | €13k | €8k | ▼ 34.9% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €406k | €415k | €513k | €483k | €584k | ▲ 20.8% |
| Stocks and contracts in progress3 | €310k | €324k | €374k | €423k | €443k | ▲ 4.7% |
| Stocks30/36 | €310k | €324k | €374k | €423k | €443k | ▲ 4.7% |
| Amounts receivable within one year40/41 | €36k | €57k | €25k | €31k | €93k | ▲ 198% |
| Trade receivables40 | €32k | €53k | €20k | €13k | €26k | ▲ 91.3% |
| Other amounts receivable41 | €4k | €4k | €5k | €18k | €68k | ▲ 277% |
| Cash at bank and in hand54/58 | €60k | €34k | €79k | €29k | €48k | ▲ 64.2% |
| Deferred charges and accrued income490/1 | - | - | €35k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €606k | €613k | €694k | €650k | €734k | ▲ 13.0% |
| Equity10/15 | €131k | €156k | €162k | €191k | €210k | ▲ 10.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €95k | €121k | €129k | €159k | €180k | ▲ 13.4% |
| Non-distributable reserves130/1 | €993 | €993 | - | - | - | - |
| Reserves not available under the articles1311 | €993 | €993 | - | - | - | - |
| Distributable reserves133 | €94k | €120k | €129k | €159k | €180k | ▲ 13.4% |
| Investment grants15 | €17k | €16k | €15k | €13k | €12k | ▼ 9.1% |
| Amounts payable17/49 | €475k | €457k | €532k | €459k | €524k | ▲ 14.1% |
| Amounts payable after more than one year17 | €298k | €298k | €309k | €269k | €253k | ▼ 5.9% |
| Financial debts170/4 | €298k | €298k | €309k | €269k | €253k | ▼ 5.9% |
| Amounts payable within one year42/48 | €126k | €116k | €185k | €184k | €264k | ▲ 43.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15k | €16k | ▲ 2.9% |
| Trade debts44 | €68k | €12k | €142k | €127k | €200k | ▲ 57.3% |
| Suppliers440/4 | €68k | €12k | €142k | €127k | €200k | ▲ 57.3% |
| Taxes, remuneration and social security45 | €20k | €35k | €32k | €26k | €30k | ▲ 13.3% |
| Taxes450/3 | €14k | €31k | €28k | €16k | €23k | ▲ 39.6% |
| Remuneration and social security454/9 | €6k | €4k | €4k | €10k | €7k | ▼ 27.9% |
| Other amounts payable47/48 | €39k | €68k | €11k | €15k | €18k | ▲ 25.5% |
| Accrued charges and deferred income492/3 | €50k | €44k | €38k | €6k | €6k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €25k | €8k | €30k | €21k | ▼ 29.1% |
| + Depreciation and write-downs630 | €16k | €17k | €17k | €15k | €14k | ▼ 5.3% |
| Operating cash flow (approximation) | €20k | €42k | €25k | €45k | €36k | ▼ 21.1% |
| Investment in fixed assets (approximation) | - | €-15k | €0 | €-250 | €2k | ▲ 749% |
| Change in cash | - | €-27k | €45k | €-49k | €19k | ▲ 138% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Equity above €200kEq €210k ▲10.5%
7 profitable years in a row build equity to €210k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150kEq €156k ▲18.6%
4 profitable years in a row build equity to €156k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €4k ▼87.1%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
2020
31-12
Financial
Highest result since 2019net €30k ▲51.6%
Operating result €50k, net result €30k, both a record.
31-12
Financial
Equity above €100kEq €128k ▲29%
2 profitable years in a row build equity to €128k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Hulshout · 1 establishment unit since 2010
Ground area
4,152 m²
Building footprint
4,140 m²
Volume, LiDAR
18,326 m³
Parcel 13050B0059/00R000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Spelshop.be
since 20102.188.395.125
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13050B0059/00R000 | Flanders | 4,152 m² | 1 · 4,140 m² | 9.9 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 14,763 EUR awarded · 14,763 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 2 | 375 EUR | 7,875 EUR |
| 2023 | 1 | 7,500 EUR | 0 EUR |
| 2022 | 1 | 5,888 EUR | 5,888 EUR |
Schemes
Subsidies voor internationaal ondernemen
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteHulshout2.188.395.125
Dual-learning approval
4 live approvalsCommercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Onthaal, organisatie en sales duaal (so)
Similar companies · same sector, comparable size
SUPERCRACK
BE 0547.984.078
Wortegem-Petegem · Eq €209,617
DEES
BE 0475.992.856
Affligem · Eq €211,502
FFWD Production
BE 0820.300.987
Malmedy · Eq €211,782
SWIM - FUN
BE 0892.828.877
Deerlijk · Eq €209,165
THE FASHION OUTLET
BE 0461.482.151
Zaventem · Eq €213,049
Of 2,102 companies in sector 47640 we hold annual accounts for 907. 713 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
Founded01-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47640Retail sale of games and toys
47120Other non-specialised retail sale
Contact
E-mail
info@spelshop.be
Scores and ratios are computed by Checked and are not a credit decision.