DBSL
ActiveSummary
DBSL has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,133 and a net result of €91,802. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 23% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+15
Solvency45▼-5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.21 in 2024; short-term debt: 79.8% and cash: 35.6% of total assets), and 79.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
20.2%
Return on assets
28.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 23%
← weakest
strongest →
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 20-04-2026, 102 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
102 d early
2024
2 d early
2023
27 d early
2022
6 d early
2021
25 d early
2020
1 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€65,133=
2024 · €65,133
Total assets
€322,985▲ 25.5%
2024 · €257,415
Net result
€91,802▲ 179%
2024 · €32,869
Working capital
€47,870▲ 17.6%
2024 · €40,697
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€56,420▼ 36.6%€63,978▲ 13.4%€102,974▲ 61.0%€39,502▼ 61.6%€118,785▲ 201%
Net result€44,433▼ 30.7%€47,086▲ 6.0%€77,396▲ 64.4%€32,869▼ 57.5%€91,802▲ 179%
Equity€146,824▼ 20.1%€157,364▲ 7.2%€157,364=€65,133▼ 58.6%€65,133=
Total assets€230,668▲ 23.9%€211,746▼ 8.2%€253,633▲ 19.8%€257,415▲ 1.5%€322,985▲ 25.5%
Debt€83,844▲ 3,380%€54,382▼ 35.1%€96,269▲ 77.0%€192,282▲ 99.7%€257,852▲ 34.1%
Working capital€143,278▼ 19.4%€151,262▲ 5.6%€125,760▼ 16.9%€40,697▼ 67.6%€47,870▲ 17.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 201% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €322,985
Fixed assets
€17,263 ▼ 29.4%
Current assets
€305,722 ▲ 31.2%
Equity and liabilities €322,985
Equity
€65,133 =
Debt
€257,852 ▲ 34.1%
Debt's share of the balance-sheet total rises from 74.7% to 79.8%. Debt is higher.
Key figures and ratios
EBITDA
€125,959▲
2024 · €46,676
Cash flow
€98,976▲
2024 · €40,042
Current ratio
1.19▼
2024 · 1.21
Debt to equity
3.96▲
2024 · 2.95
ROE
140.9%▲
2024 · 50.5%
ROA
28.4%▲
2024 · 12.8%
Interest coverage
3322.57▲
2024 · 692.42
Debt ≤ 1 year
€257,852▲
2024 · €192,282
Income taxes
€33,061▲
2024 · €13,042
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €180 | €2,744 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,864 | €1,840 | €4,361 | €7,174 | €7,174 | = |
| Other operating charges640/8 | €1,014 | €1,141 | €1,919 | €981 | €1,008 | ▲ 2.7% |
| Gross operating margin9900 | €60,298 | €66,959 | €109,254 | €47,657 | €126,967 | ▲ 166% |
| Operating profit (loss)9901 | €56,420 | €63,978 | €102,974 | €39,502 | €118,785 | ▲ 201% |
| Financial income75/76B | €20 | €1 | €1,954 | €6,476 | €6,116 | ▼ 5.6% |
| Recurring financial income75 | €20 | €1 | €1,954 | €6,476 | €6,116 | ▼ 5.6% |
| Financial charges65/66B | €64 | €32 | €96 | €67 | €38 | ▼ 43.8% |
| Recurring financial charges65 | €64 | €32 | €96 | €67 | €38 | ▼ 43.8% |
| Profit (loss) for the period before taxes9903 | €56,375 | €63,946 | €104,832 | €45,911 | €124,863 | ▲ 172% |
| Income taxes67/77 | €11,942 | €16,861 | €27,436 | €13,042 | €33,061 | ▲ 153% |
| Profit (loss) for the period9904 | €44,433 | €47,086 | €77,396 | €32,869 | €91,802 | ▲ 179% |
| Profit (loss) for the period to be appropriated9905 | €44,433 | €47,086 | €77,396 | €32,869 | €91,802 | ▲ 179% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230,668 | €211,746 | €253,633 | €257,415 | €322,985 | ▲ 25.5% |
| Fixed assets21/28 | €3,559 | €6,116 | €31,610 | €24,436 | €17,263 | ▼ 29.4% |
| Tangible fixed assets22/27 | €3,559 | €6,116 | €31,610 | €24,436 | €17,263 | ▼ 29.4% |
| Furniture and vehicles24 | €2,646 | €5,355 | €31,001 | €23,980 | €16,958 | ▼ 29.3% |
| Other tangible fixed assets26 | €913 | €761 | €609 | €456 | €304 | ▼ 33.3% |
| Current assets29/58 | €227,109 | €205,630 | €222,023 | €232,979 | €305,722 | ▲ 31.2% |
| Amounts receivable after more than one year29 | - | - | €175,000 | €175,000 | €175,000 | = |
| Other amounts receivable291 | - | - | €175,000 | €175,000 | €175,000 | = |
| Amounts receivable within one year40/41 | €8,415 | €13,139 | €5,774 | €7,492 | €13,541 | ▲ 80.7% |
| Trade receivables40 | - | - | €36 | €0 | €13,541 | - |
| Other amounts receivable41 | €8,415 | €13,139 | €5,739 | €7,492 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €216,015 | €190,088 | €39,368 | €48,411 | €114,910 | ▲ 137% |
| Deferred charges and accrued income490/1 | €2,679 | €2,403 | €1,881 | €2,077 | €2,271 | ▲ 9.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230,668 | €211,746 | €253,633 | €257,415 | €322,985 | ▲ 25.5% |
| Equity10/15 | €146,824 | €157,364 | €157,364 | €65,133 | €65,133 | = |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €1,000 | €1,000 | = |
| Reserves13 | €140,624 | €138,764 | €138,764 | €64,133 | €64,133 | = |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | €138,764 | €138,764 | €138,764 | €64,133 | €64,133 | = |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €83,844 | €54,382 | €96,269 | €192,282 | €257,852 | ▲ 34.1% |
| Amounts payable within one year42/48 | €83,830 | €54,368 | €96,264 | €192,282 | €257,852 | ▲ 34.1% |
| Trade debts44 | €942 | €1,758 | €1,016 | €1,098 | €594 | ▼ 45.9% |
| Suppliers440/4 | €942 | €1,758 | €1,016 | €1,098 | €594 | ▼ 45.9% |
| Taxes, remuneration and social security45 | €1,583 | €3,166 | €0 | - | €7,209 | - |
| Taxes450/3 | €1,583 | €3,166 | €0 | - | €7,209 | - |
| Other amounts payable47/48 | €81,305 | €49,444 | €95,247 | €191,184 | €250,049 | ▲ 30.8% |
| Accrued charges and deferred income492/3 | €13 | €14 | €6 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,433 | €47,086 | €77,396 | €32,869 | €91,802 | ▲ 179% |
| + Depreciation and write-downs630 | €2,864 | €1,840 | €4,361 | €7,174 | €7,174 | = |
| Operating cash flow (approximation) | €47,297 | €48,926 | €81,757 | €40,042 | €98,976 | ▲ 147% |
| Investment in fixed assets (approximation) | - | -€4,397 | -€29,854 | €0 | €0 | - |
| Change in cash | - | -€25,927 | -€150,720 | €9,043 | €66,500 | ▲ 635% |
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
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €91,802 ▲179%
Operating result €118,785, net result €91,802, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €157,364 ▲7.2%
5 profitable years in a row build equity to €157,364.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 93.55
Current ratio from 23.17 to 93.55; short-term debt falls from €5,161 to €1,921.
31-12
Financial
Equity above €150,000Eq €183,697 ▲53.6%
3 profitable years in a row build equity to €183,697.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €23,590 ▼47.3%
Net result drops to €23,590, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Liquidity quadruplescurrent ratio 23.17
Current ratio from 5.71 to 23.17; short-term debt falls from €20,033 to €5,161.
31-12
Financial
Equity above €100,000Eq €119,564 ▲24.6%
2 profitable years in a row build equity to €119,564.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Boom · 1 establishment unit since 2015
Ground area
177 m²
Building footprint
72 m²
Volume, LiDAR
418 m³
Parcel 11622C0127/00C003, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DBSL
since 20152.244.694.222
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11622C0127/00C003 | Flanders | 177 m² | 1 · 72 m² | 7.2 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 39,350 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
Founded12-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0635493223
Also
9925:BE0635493223
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.