Active BE 0884.137.974Public limited company

DBS-PROJECTS

Kuilstraat 47 ·9420 Erpe-Mere, Belgium· 19 yrs active

Sector: Real estate activities (68110)

Conclusion Checked

The computed 12-month bankruptcy probability of DBS-PROJECTS is 0.2% (very low). The 2024 annual accounts show equity of €2.68M and a net result of €648k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 1677 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€2.68M
Net result	€648k
Better than sector	55%
Active	19 yrs

Snowflake analysis 5 axes · computed by Checked

81 / 100

Exceptional profile, strong across almost every axis.

Health 81

Profitability 100

Solvency 45

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

Established

Founded in 2006, 19 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

81 / 100 Excellent

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 16-07-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~11.6%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	17.7%	14.2%	better than 55% of 1677 sector peers
Net result	€648k	€-270	better than 95% of 1673 sector peers
Equity	€2.68M	€107k	better than 89% of 1677 sector peers
Gross operating margin	€1.40M	€50k	better than 95% of 1674 sector peers
Total assets	€15.11M	€1.50M	better than 92% of 1677 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€1.29M

+121.2% far above sector median

Net profit

€648k

- far above sector median

Cash flow

€1.10M

+217.6% far above sector median

Total assets

€15.11M

-2.7% far above sector median

Equity

€2.68M

+31.9% far above sector median

Working capital

€1.68M

+237.2% far above sector median

Debt

€11.89M

-8.2% far above sector median

Debt ≤ 1y

€1.28M

-5.8% far above sector median

Debt > 1y

€10.53M

-8.5% far above sector median

Current ratio

2.31

+69.1% +75% vs sector

Quick ratio

2.31

+69.1% +75% vs sector

Solvency

17.7%

+35.6% -63% vs sector

Debt / equity

4.44

-30.4% +285% vs sector

ROE

24.2%

- far above sector median

ROA

4.3%

- far above sector median

Interest coverage

5.60

+127.3% -96% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	-
EBITDA	€1.29M
Net profit	€648k
Cash flow	€1.10M
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€15.11M
Equity	€2.68M
Debt	€11.89M
of which ≤ 1y	€1.28M
of which > 1y	€10.53M
Working capital	€1.68M
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	2.31
Quick ratio	2.31
Working capital ratio	11.1%
Solvency	17.7%
Debt / equity	4.44
Long-term debt ratio	3.93
Interest coverage	5.60
Gross margin	-
Net margin	-
ROA	4.3%
ROE	24.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €12.14M · 80.4% Current assets €2.97M · 19.6%

Equity & liabilities

Equity €2.68M · 17.7% Provisions €545k · 3.6% Debt €11.89M · 78.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€15.11M
Fixed assets	21/28	€12.14M
Tangible fixed assets	22/27	€7.90M
Financial fixed assets	28	€4.24M
Current assets	29/58	€2.97M
Amounts receivable within one year	40/41	€2.89M
Cash & bank	54/58	€56k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€15.11M
Equity	10/15	€2.68M
Contributions / capital	10/11	€267k
Reserves	13	€1.69M
Accumulated profits (losses)	14	€723k
Provisions & deferred taxes	16	€545k
Amounts payable	17/49	€11.89M
Amounts payable after one year	17	€10.53M
Amounts payable within one year	42/48	€1.28M
Trade debts payable within one year	44	€19k
Income statement
Gross operating margin	9900	€1.40M
Operating result	9901	€837k
Financial income	75	€42k
Financial charges	65	€231k
Result before taxes	9903	€648k
Net result for the period	9904	€648k
Result to be appropriated	9905	€802k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Real estate activities(68110)
Legal form	Public limited company(014)
Incorporation	10-10-2006
Status	Active
Postal code	9420

Establishment units 1 location

DBS-Projects

Kuilstraat 47, 9420 Erpe-Merede handel in eigen onroerend goed : flatgebouwen en woningen niet voor bewoning bestemde gebouwen, grond

since 20062.156.997.908

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41015B0773/00V000	Flanders	1.3 ha	1 · 1.1 ha	9.4 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

16-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · verkort

2024

12-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

30-01-2024

State Gazette act Director changes

Frederic CAUDRON

2023

18-07-2023

NBB filing Annual accounts filed

fiscal year 2022 · verkort

2022

13-06-2022

NBB filing Annual accounts filed

fiscal year 2021 · verkort

2021

13-07-2021

NBB filing Annual accounts filed

fiscal year 2020 · verkort

2020

17-07-2020

NBB filing Annual accounts filed

fiscal year 2019 · verkort

2019

10-07-2019

NBB filing Annual accounts filed

fiscal year 2018 · verkort

2018

26-07-2018

NBB filing Annual accounts filed

fiscal year 2017 · micro

2017

19-06-2017

NBB filing Annual accounts filed

fiscal year 2016 · micro

2016

29-07-2016

NBB filing Annual accounts filed

fiscal year 2015 · verkort

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

30-01-2024 3 resigning Director changes·Frederic CAUDRON

DE PAUW Beatrijs, Bestuurder
DE PAUW Bernadette, Bestuurder
DE PAUW Dominika, Bestuurder

Notary: Frederic CAUDRON · AalstFirm: Caudron, Herzeel & Breckpot, geassocieerde notarissen

Original publication ↗

Technical details

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Company registry (CBE) Crossroads Bank

Activities

Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Handel in onroerend goed70120Holdings64200Activiteiten van holdings64210Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220

Primary activity highlighted.

Names & trade names

Legal nameNL

DBS-PROJECTS

Registered office

Kuilstraat 47

9420 Erpe-Mere, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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