DGSI
ActiveSummary
DGSI has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€38,196) and a net result of -€1,597. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-34
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.31 against 0.41 in 2024; short-term debt: 326.5% and cash: 96.5% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-242.5%
Return on assets
-10.1%
Age of the figures
9 mo
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 →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€38,196
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
31 d late
2023
30 d late
2022
22 d late
2021
30 d late
2020
26 d late
2019
31 d late
← 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 28 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€38,196▼ 4.4%
2024 · -€36,599
Total assets
€15,749▼ 30.4%
2024 · €22,616
Net result
-€1,597
2024 · €779
Working capital
-€35,676▼ 9.3%
2024 · -€32,630
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€4,021▲ 61.8%-€2,760▲ 31.4%€3,112€881▼ 71.7%€15,632▲ 1,675%
Net result€15,849within the sector's middle half€7,557within the sector's middle half▼ 52.3%€3,337within the sector's middle half▼ 55.8%€779within the sector's middle half▼ 76.7%-€1,597within the sector's middle half
Equity-€48,272below the sector's middle half▲ 24.7%-€40,715below the sector's middle half▲ 15.7%-€37,378below the sector's middle half▲ 8.2%-€36,599below the sector's middle half▲ 2.1%-€38,196below the sector's middle half▼ 4.4%
Total assets€21,808below the sector's middle half▼ 81.1%€20,260below the sector's middle half▼ 7.1%€24,788below the sector's middle half▲ 22.3%€22,616below the sector's middle half▼ 8.8%€15,749below the sector's middle half▼ 30.4%
Debt€70,080▼ 61.0%€60,975▼ 13.0%€62,166▲ 2.0%€59,216▼ 4.7%€53,945▼ 8.9%
Working capital-€48,272within the sector's middle half-€40,715within the sector's middle half▲ 15.7%-€33,808within the sector's middle half▲ 17.0%-€32,630within the sector's middle half▲ 3.5%-€35,676within the sector's middle half▼ 9.3%
Solvency-221.3%below the sector's middle half▼ 165.8pp-201.0%below the sector's middle half▲ 20.4pp-150.8%below the sector's middle half▲ 50.2pp-161.8%below the sector's middle half▼ 11.0pp-242.5%below the sector's middle half▼ 80.7pp
Current ratio0.31below the sector's middle half▼ 0.840.33below the sector's middle half▲ 0.020.42within the sector's middle half▲ 0.090.41within the sector's middle half▼ 0.010.31below the sector's middle half▼ 0.10
Return on assets (ROA)72.7%above the sector's middle half▲ 83.1pp37.3%above the sector's middle half▼ 35.4pp13.5%above the sector's middle half▼ 23.8pp3.4%within the sector's middle half▼ 10.0pp-10.1%below the sector's middle half▼ 13.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 1,675% above 2024 and is the highest result in the available series.
Key figures and ratios
Debt to equity
-1.41▲
2024 · -1.62
Debt ≤ 1 year
€51,425▼
2024 · €55,246
Debt > 1 year
€2,520▼
2024 · €3,570
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% 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 497,662 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% | 1.7% |
| 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 75% 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 6,940 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1,304 | €373 | €412 | €514 | €496 | ▼ 3.6% |
| Gross operating margin9900 | -€2,716 | -€2,387 | €3,524 | €1,395 | €16,127 | ▲ 1,056% |
| Operating profit (loss)9901 | -€4,021 | -€2,760 | €3,112 | €881 | €15,632 | ▲ 1,675% |
| Financial income75/76B | €21,718 | €10,450 | €343 | €15 | €59 | ▲ 289% |
| Recurring financial income75 | €319 | €326 | €343 | €15 | €59 | ▲ 289% |
| Non-recurring financial income76B | €21,399 | €10,124 | - | - | - | - |
| Financial charges65/66B | €1,596 | €133 | €116 | €117 | €17,287 | ▲ 14,678% |
| Recurring financial charges65 | €1,596 | €133 | €116 | €117 | €17,287 | ▲ 14,678% |
| Profit (loss) for the period before taxes9903 | €16,101 | €7,557 | €3,338 | €779 | -€1,597 | ▼ 305% |
| Income taxes67/77 | €252 | - | €1 | €0 | - | - |
| Profit (loss) for the period9904 | €15,849 | €7,557 | €3,337 | €779 | -€1,597 | ▼ 305% |
| Profit (loss) for the period to be appropriated9905 | €15,849 | €7,557 | €3,337 | €779 | -€1,597 | ▼ 305% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,808 | €20,260 | €24,788 | €22,616 | €15,749 | ▼ 30.4% |
| Current assets29/58 | €21,808 | €20,260 | €24,788 | €22,616 | €15,749 | ▼ 30.4% |
| Amounts receivable within one year40/41 | €16,992 | €17,313 | €17,746 | €17,428 | €467 | ▼ 97.3% |
| Trade receivables40 | €711 | €563 | €703 | €360 | €450 | ▲ 25.0% |
| Other amounts receivable41 | €16,281 | €16,749 | €17,043 | €17,068 | €18 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €4,670 | €2,947 | €7,042 | €5,188 | €15,205 | ▲ 193% |
| Deferred charges and accrued income490/1 | €147 | - | - | - | €77 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,808 | €20,260 | €24,788 | €22,616 | €15,749 | ▼ 30.4% |
| Equity10/15 | -€48,272 | -€40,715 | -€37,378 | -€36,599 | -€38,196 | ▼ 4.4% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€73,272 | -€65,715 | -€62,378 | -€61,599 | -€63,196 | ▼ 2.6% |
| Amounts payable17/49 | €70,080 | €60,975 | €62,166 | €59,216 | €53,945 | ▼ 8.9% |
| Amounts payable after more than one year17 | - | - | €3,570 | €3,570 | €2,520 | ▼ 29.4% |
| Other amounts payable178/9 | - | - | €3,570 | €3,570 | €2,520 | ▼ 29.4% |
| Amounts payable within one year42/48 | €70,080 | €60,975 | €58,596 | €55,246 | €51,425 | ▼ 6.9% |
| Trade debts44 | €1,838 | €1,971 | €1,259 | €483 | €653 | ▲ 35.3% |
| Suppliers440/4 | €1,838 | €1,971 | €1,259 | €483 | €653 | ▲ 35.3% |
| Taxes, remuneration and social security45 | €1,453 | €289 | €38 | €181 | €1,531 | ▲ 746% |
| Taxes450/3 | €1,453 | €289 | €38 | €181 | €1,531 | ▲ 746% |
| Other amounts payable47/48 | €66,789 | €58,715 | €57,298 | €54,582 | €49,241 | ▼ 9.8% |
| Accrued charges and deferred income492/3 | - | - | - | €400 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,849 | €7,557 | €3,337 | €779 | -€1,597 | ▼ 305% |
| Operating cash flow (approximation) | €15,849 | €7,557 | €3,337 | €779 | -€1,597 | ▼ 305% |
| Change in cash | - | -€1,723 | €4,095 | -€1,854 | €10,017 | ▲ 640% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
20-08
State Gazette act
Appointments: Gladys HENROTTIN (daily management delegate) and Marine PELLENS (daily management delegate)Purpose change · Power of attorney7 facts ▸
State Gazette act
Appointments: Gladys HENROTTIN (daily management delegate) and Marine PELLENS (daily management delegate)
Purpose change · Power of attorney7 facts ▸
- General meeting, 14-08-2026
- Purpose change
- Director appointment, Gladys HENROTTIN (daily management delegate)
- Director appointment, Marine PELLENS (daily management delegate)
- Director in office, Didier SMETZ (director)
- Power of attorney
- Power of attorney, Quentin PIRET
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €15,849
Net result €15,849 after 3 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet -€12,188
Net result drops to -€12,188, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 office holders, last change in 2026
Day-to-day management 2
Gladys HENROTTIN
CurrentDaily management delegate · since 20-08-2026
Marine PELLENS
CurrentDaily management delegate · since 20-08-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sprimont · 1 establishment unit since 2015
Ground area
1,102 m²
Building footprint
89 m²
Volume, LiDAR
659 m³
Parcel 62100C0528/00A000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DS Immo
since 20152.243.613.364
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62100C0528/00A000 | Wallonia | 1,102 m² | 1 · 89 m² | 8.7 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.
Mandate history
2 people since 2026, 2 in office
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Gladys HENROTTIN |
|
| Marine PELLENS |
|
Articles of association
Purpose
Toutes activités et opérations se rapportant à la constitution et la gestion d’un patrimoine mobilier et/ou immobilier, notamment l’acquisition par l’achat ou autrement, la vente…
Full purpose (14 activities)
- Toutes activités et opérations se rapportant à la constitution et la gestion d’un patrimoine mobilier et/ou immobilier, notamment l’acquisition par l’achat ou autrement, la vente, l’échange, la construction, la transformation, l’amélioration, l’équipement, l’aménagement, l’embellissement, l’entretien, la location, la prise en location, le lotissement, la prospection et l’exploitation de biens meubles et/ou immeubles, ainsi que toutes opérations qui, directement ou indirectement sont en relation avec cet objet et qui sont de nature à favoriser l’accroissement et le rapport d’un patrimoine mobilier et/ou immobilier, de même que se porter caution pour la bonne fin d’engagements pris par des tiers qui auraient la jouissance de ces biens meubles et/ou immeubles
- L’expertise immobilière
- La négociation immobilière et toutes activités relatives à l’exploitation et à la gestion d’une agence immobilière
- Le management, ou la gestion de sociétés de management
- L’entreprise générale d’électricité et le placement de tout système électronique ou domotique, la vente ou l’achat en gros ou au détail de tout produit qui s’y rapporte
- La vente, l’achat, la réparation et le placement de tout système électrique
- L’exercice de prestations diverses liées à la construction et à la mécanique, la vente ou l’achat en gros ou au détail de tout produit qui s’y rapporte
- Les missions de coordinateur technique en rénovation énergétique des bâtiments, comprenant notamment la coordination, le suivi administratif et l'assistance technique des projets de rénovation énergétique, et la réception des travaux
- Les activités d'expert en rénovation énergétique, comprenant notamment l'analyse, l'évaluation, le diagnostic, le conseil et l'accompagnement des projets visant à améliorer la performance énergétique des bâtiments
- Les missions d'auditeur logement, consistant notamment en la réalisation d'audits énergétiques et techniques des bâtiments conformément à la réglementation applicable
- Les activités de certificateur PEB, comprenant l'établissement de certificats de performance énergétique des bâtiments et toute mission y afférente conformément aux dispositions légales et réglementaires en vigueur
- L'exploitation d'un guichet de l'énergie et la prestation de services d'information, de conseil, d'accompagnement et d'assistance administrative en matière d'efficacité énergétique, de rénovation, de primes et d'aides publiques
- La coordination, la gestion, l'organisation, l'assistance et le conseil aux entreprises actives dans les secteurs de la rénovation, de la construction et des techniques spéciales, ainsi que toutes prestations de gestion de projets, de coordination de chantiers, de consultance et de management y relatives
- Le conseil en gestion du personnel et des ressources humaines, comprenant le recrutement, les plannings, la gestion des absences, des maladies, des accidents de travail, la gestion de la paie et du payroll, les contrats de travail, le chômage temporaire, les C4, le droit individuel, collectif et social, le management, ainsi que la formation et le développement de l'entreprise
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-05-2015
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
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0629825354
Registered
05-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.