DES
ActiveThe computed 12-month bankruptcy probability of DES is 8.7% (elevated). The annual accounts of DES for fiscal year 2024 show a net loss of 146% of total assets and of 62% of the equity at the start of that year. The 2024 annual accounts show equity of €673 and a net result of €-1k. Equity is shrinking by ~33.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-57
Solvency100▲+45
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
8.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Age of the figures
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-07-2025, 4 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
4 d early
2023
48 d late
2022
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€673▼ 62.0%
2023 · €2k
2022: €2k
2023: €2k
2022 → 2024
Total assets
€751▼ 87.3%
2023 · €6k
2022: €5k
2023: €6k
2022 → 2024
Net result
€-1k▼ 1,069%
2023 · €-94
2022: €-134
2023: €-94
2022 → 2024
Working capital
€50▼ 79.0%
2023 · €236
2022: €-1k
2023: €236
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€2k-€2k▼ 5.0%€673▼ 62.0%
Operating result€23-€267▲ 1,061%€-985
Net result€-134-€-94▲ 29.9%€-1k▼ 1,069%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €985 after €267 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €751
Equity
€673▼ 62.0%
Debt
€78▼ 98.1%
The debt ratio falls from 70.0% to 10.4%. Equity and debt are lower.
Key figures and ratios
Debt
€78▼
2023 · €4k
Debt ≤ 1 year
€78▼
2023 · €4k
Ratios withheld: a balance sheet total of €751 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€6k€751▼
Formation expenses20€624€624=
Fixed assets21/28€912-
Tangible fixed assets22/27€912-
Furniture and vehicles24€912-
Current assets29/58€4k€127▼
Amounts receivable within one year40/41€902-
Trade receivables40€454-
Other amounts receivable41€448-
Cash at bank and in hand54/58€3k€127▼
Equity and liabilities
Total equity and liabilities10/49€6k€751▼
Equity10/15€2k€673▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-228€-1k▼
Amounts payable17/49€4k€78▼
Amounts payable within one year42/48€4k€78▼
Trade debts44€80-
Suppliers440/4€80-
Taxes, remuneration and social security45-€78
Taxes450/3-€78
Other amounts payable47/48€4k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k-
Other operating charges640/8€533€387▼
Gross operating margin9900€2k€-597▼
Operating profit (loss)9901€267€-985▼
Financial charges65/66B€350€114▼
Recurring financial charges65€350€114▼
Profit (loss) for the period before taxes9903€-83€-1k▼
Income taxes67/77€11-
Profit (loss) for the period9904€-94€-1k▼
Profit (loss) for the period to be appropriated9905€-94€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-228€-1k▼
Profit (loss) brought forward from the previous period14P€-134€-228▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
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.
02-06-2025
Fontaine Michaël: Resigned as Manager
01-01-2025
PSARRAS D aniel: Resigned as Director
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Priester Cuypersstraat 31040 EtterbeekGround area
428 m²
Building footprint
219 m²
Volume, LiDAR
2,364 m³
2 parcels, Brussels, Wallonia · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20212.324.590.548
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0542/00B006 | Brussels | 325 m² | 1 · 129 m² | 17.0 m · 5 fl. |
| 52046B0452/02D000 | Wallonia | 103 m² | 1 · 90 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
27 connected companiesNetwork connections
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Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-2021
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:sandyglavie@gmail.com
Phone:0474/436973