DHS HOLDING
ActiveDHS HOLDING has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31.61M and a net result of €58k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 89% of 3169 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
85
/ 100
Excellent▼ -3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▲+2
Solvency100=
Growth85=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €440k at 30 days acceptable
Liquidity ample (current ratio 2.58 against 4.23 in 2024), and 5.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
94.6%
Return on assets
0.2%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
8 d late
2022
31 d late
2021
26 d late
2020
26 d late
2019
67 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.36M▲ 2.6%
2024 · €4.25M
2018: €60k
2019: €3.00M
2020: €3.11M
2021: €3.26M
2022: €3.60M
2023: €3.93M
2024: €4.25M
2018 → 2025
EBIT margin
5.0%▲ 3.9pp
2024 · 1.1%
2018: 65.3%
2019: 1.9%
2020: 12.2%
2021: 1.6%
2022: 12.3%
2023: 5.0%
2024: 1.1%
2018 → 2025
Net result
€58k▼ 63.9%
2024 · €162k
2018: €24k
2019: €51k
2020: €302k
2021: €35k
2022: €364k
2023: €242k
2024: €162k
2018 → 2025
Working capital
€2.28M▼ 23.5%
2024 · €2.98M
2018: €3.54M
2019: €3.31M
2020: €3.47M
2021: €3.13M
2022: €3.02M
2023: €3.11M
2024: €2.98M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3.26M-€3.60M▲ 10.6%€3.93M▲ 9.0%€4.25M▲ 8.1%€4.36M▲ 2.6%
Equity€31.30M-€31.66M▲ 1.1%€31.89M▲ 0.7%€32.04M▲ 0.5%€31.61M▼ 1.3%
Operating result€52k-€444k▲ 749%€196k▼ 55.8%€46k▼ 76.8%€218k▲ 378%
Net result€35k-€364k▲ 952%€242k▼ 33.6%€162k▼ 33.1%€58k▼ 63.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 378% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33.41M
Fixed assets
€29.68M▼ 0.3%
Current assets
€3.73M▼ 4.5%
Equity and liabilities €33.41M
Equity
€31.61M▼ 1.3%
Debt
€1.80M▲ 10.7%
The debt ratio rises from 4.8% to 5.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€312k▲
2024 · €130k
Cash flow
€153k▼
2024 · €247k
Solvency
94.6%▼
2024 · 95.2%
Current ratio
2.58▼
2024 · 4.23
Quick ratio
2.58▼
2024 · 4.23
Debt / equity
0.06▲
2024 · 0.05
ROE
0.2%▼
2024 · 0.5%
ROA
0.2%▼
2024 · 0.5%
Interest coverage
34.75▲
2024 · 10.19
Debt
€1.80M▲
2024 · €1.62M
Debt ≤ 1 year
€1.45M▲
2024 · €924k
Debt > 1 year
€350k▼
2024 · €700k
Income taxes
€46k▼
2024 · €50k
Staff costs
€1.52M▲
2024 · €1.36M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€33.67M€33.41M▼
Fixed assets21/28€29.76M€29.68M▼
Intangible fixed assets21€4k-
Tangible fixed assets22/27€251k€233k▼
Furniture and vehicles24€251k€233k▼
Financial fixed assets28€29.51M€29.45M▼
Affiliated companies280/1€29.51M€29.45M▼
Participating interests280€29.31M€29.25M▼
Amounts receivable281€200k€200k=
Current assets29/58€3.91M€3.73M▼
Amounts receivable within one year40/41€3.18M€2.93M▼
Trade receivables40€224k€453k▲
Other amounts receivable41€2.95M€2.48M▼
Cash at bank and in hand54/58€681k€753k▲
Deferred charges and accrued income490/1€47k€46k▼
Equity and liabilities
Total equity and liabilities10/49€33.67M€33.41M▼
Equity10/15€32.04M€31.61M▼
Contributions10/11€25.42M€25.42M=
Capital10€25.42M€25.42M=
Issued capital100€25.42M€25.42M=
Outside capital11€104€104=
Share premium1100/10€104€104=
Reserves13€6.63M€6.20M▼
Non-distributable reserves130/1€1.65M€1.65M▲
Legal reserve130€1.65M€1.65M▲
Distributable reserves133€4.98M€4.54M▼
Amounts payable17/49€1.62M€1.80M▲
Amounts payable after more than one year17€700k€350k▼
Financial debts170/4€700k€350k▼
Credit institutions173€700k€350k▼
Amounts payable within one year42/48€924k€1.45M▲
Current portion of amounts payable after more than one year42€350k€350k=
Trade debts44€298k€317k▲
Suppliers440/4€298k€317k▲
Taxes, remuneration and social security45€266k€290k▲
Taxes450/3€61k€52k▼
Remuneration and social security454/9€205k€238k▲
Other amounts payable47/48€10k€491k▲
Accrued charges and deferred income492/3€325-
Income statement
Code20242025
Operating income70/76A€4.30M€4.42M▲
Turnover70€4.25M€4.36M▲
Other operating income74€50k€60k▲
Operating charges60/66A€4.25M€4.20M▼
Services and other goods61€2.79M€2.56M▼
Remuneration, social security and pensions62€1.36M€1.52M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€94k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€27k
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€8k-
Operating profit (loss)9901€46k€218k▲
Financial income75/76B€180k€93k▼
Recurring financial income75€180k€93k▼
Income from financial fixed assets750€60k€6k▼
Income from current assets751€120k€87k▼
Financial charges65/66B€14k€206k▲
Recurring financial charges65€14k€145k▲
Debt charges650€13k€9k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€135k
Other financial charges652/9€1k€1k▼
Non-recurring financial charges66B-€61k
Profit (loss) for the period before taxes9903€212k€105k▼
Income taxes67/77€50k€46k▼
Taxes670/3€50k€48k▼
Tax adjustments and reversals of tax provisions77-€2k
Profit (loss) for the period9904€162k€58k▼
Transfer from tax-exempt reserves789€173k-
Profit (loss) for the period to be appropriated9905€334k€58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€334k€58k▼
Transfer from equity791/2-€435k
From reserves792-€435k
Transfer to equity691/2€325k€3k▼
To the legal reserve6920€17k€3k▼
To other reserves6921€308k-
Profit to be distributed694/7€10k€491k▲
Return on contributions (dividend)694-€480k
Employees696€10k€11k▲
Social balance
Average headcount (FTE)908715.816.3▲
The notes to these accounts (42 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €364k ▲952%
Operating result €444k, net result €364k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Brecht · 1 establishment unit since 2008
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.
Abdijlaan 332960 BrechtGround area
3,414 m²
Building footprint
288 m²
Volume, LiDAR
1,237 m³
Parcel 11332K0170/00T004, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DHS Holding
since 20082.175.078.213
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11332K0170/00T004 | Flanders | 3,414 m² | 1 · 288 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
8945006GN3U9SHKNLE42
Similar companies · same sector, comparable size
HILTI BELGIUM
BE 0402.914.739
Anderlecht · Eq €32.96M
GEUENS MACHINES
BE 0897.866.246
Balen · Eq €29.15M
Van Den Dorpe Finance
BE 0429.309.231
Oudenaarde · Eq €28.54M
VAN DER SPEK
BE 0424.898.107
Ternat · Eq €37.24M
WARSCO UNITS
BE 0430.008.819
Genk · Eq €26.05M
Of 388 companies in sector 46630 we hold annual accounts for 276. 48 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-12-2008
Fiscal year end31-12
Activities, NACEBEL
46630Wholesale trade
70100Activities of head offices
64999Other financial services
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
68204Real estate activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.