DCSR
ActiveSummary
DCSR has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,133 and a net result of €81,314. Its solvency ranks better than 51% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+95
Solvency56▲+34
Growth78
Track record82
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 0.97 in 2024; short-term debt: 68.9% and cash: 28.8% of total assets), and 69% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
31%
Return on assets
33.6%
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 03-08-2026, 3 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 · 2 filingsDeviation from the deadline
2025
3 d late
2024
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€75,133
2024 · -€6,181
Total assets
€241,990▲ 21.1%
2024 · €199,829
Net result
€81,314
2024 · -€26,181
Working capital
€75,189
2024 · -€6,181
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
Line20242025
Operating result-€23,302-€99,847
Net result-€26,181-€81,314
Equity-€6,181-€75,133
Total assets€199,829-€241,990▲ 21.1%
Debt€206,010-€166,856▼ 19.0%
Working capital-€6,181-€75,189
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €99,847 after a loss of €23,302 in 2024.
Balance-sheet composition
Equity and liabilities €241,990
Equity
€75,133
Debt
€166,856
Debt finances 69.0% of the balance-sheet total.
Key figures and ratios
Current ratio
1.45▲
2024 · 0.97
Quick ratio
0.42▲
2024 · 0.12
Debt to equity
2.22▲
2024 · -33.33
ROE
108.2%
ROA
33.6%▲
2024 · -13.1%
Debt ≤ 1 year
€166,800▼
2024 · €206,010
Income taxes
€18,395
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €979 | €17,661 | ▲ 1,704% |
| Non-recurring operating charges66A | €53 | €0 | ▼ 100% |
| Gross operating margin9900 | -€22,270 | €117,508 | ▲ 628% |
| Operating profit (loss)9901 | -€23,302 | €99,847 | ▲ 528% |
| Financial charges65/66B | €2,879 | €138 | ▼ 95.2% |
| Recurring financial charges65 | €2,879 | €138 | ▼ 95.2% |
| Profit (loss) for the period before taxes9903 | -€26,181 | €99,709 | ▲ 481% |
| Income taxes67/77 | - | €18,395 | - |
| Profit (loss) for the period9904 | -€26,181 | €81,314 | ▲ 411% |
| Profit (loss) for the period to be appropriated9905 | -€26,181 | €81,314 | ▲ 411% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €199,829 | €241,990 | ▲ 21.1% |
| Current assets29/58 | €199,829 | €241,990 | ▲ 21.1% |
| Stocks and contracts in progress3 | €174,660 | €172,083 | ▼ 1.5% |
| Stocks30/36 | €174,660 | €172,083 | ▼ 1.5% |
| Amounts receivable within one year40/41 | €24,539 | €64 | ▼ 99.7% |
| Trade receivables40 | €23,987 | €0 | ▼ 100% |
| Other amounts receivable41 | €551 | €64 | ▼ 88.5% |
| Cash at bank and in hand54/58 | €630 | €69,652 | ▲ 10,950% |
| Deferred charges and accrued income490/1 | - | €191 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €199,829 | €241,990 | ▲ 21.1% |
| Equity10/15 | -€6,181 | €75,133 | ▲ 1,316% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€26,181 | €55,133 | ▲ 311% |
| Amounts payable17/49 | €206,010 | €166,856 | ▼ 19.0% |
| Amounts payable within one year42/48 | €206,010 | €166,800 | ▼ 19.0% |
| Trade debts44 | €23,198 | €1,086 | ▼ 95.3% |
| Suppliers440/4 | €23,198 | €1,086 | ▼ 95.3% |
| Taxes, remuneration and social security45 | - | €20,195 | - |
| Taxes450/3 | - | €20,195 | - |
| Other amounts payable47/48 | €182,813 | €145,519 | ▼ 20.4% |
| Accrued charges and deferred income492/3 | - | €56 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€26,181 | €81,314 | ▲ 411% |
| Operating cash flow (approximation) | -€26,181 | €81,314 | ▲ 411% |
| Change in cash | - | €69,022 | - |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Back to profitnet €81,314
Net result €81,314 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2024
Ground area
302 m²
Building footprint
274 m²
Parcel 62805B0476/00P020, Wallonia. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
DCSR
since 20242.362.907.528
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805B0476/00P020 | Wallonia | 302 m² | 1 · 274 m² | - |
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.
Similar companies · same sector, comparable size
GREPrimus
BE 0801.365.993
Tienen · Eq €75,176
D-Immo
BE 0744.708.788
Wijnegem · Eq €75,196
Kalmwelt
BE 0804.547.791
Kalmthout · Eq €75,209
ARTIS
BE 0463.033.161
Ouffet · Eq €75,257
B&D LEMBRECHTS
BE 0797.553.497
Lille · Eq €74,998
Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 3,547 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
Founded30-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
81210General cleaning of buildings
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.