DJSI
ActiveSummary
DJSI has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169,010 and a net result of €21,410. Equity has been growing by about 30% per year since 2019. Its solvency ranks better than 86% of 16,996 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-06-1994 Normal situation
- Activity
- Full-service restaurants NACE 56111
- Joint committee
- 302 Paritair Comité voor het hotelbedrijf · annual accounts 30-09-2023
- Establishment unit
- 2.195.027.252 8600 Diksmuide, since 21-12-2010
- Financial year end
- 30 September
- Peppol
- Reachable since 17-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €40,977
- ▼ 12.0%
- Turnover
- ≈ €200,000
- estimated
- Profit
- €21,410
- ▼ 12.5%
- Equity
- €169,010
- ▲ 14.5%
- Total assets
- €232,761
- ▲ 15.3%
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Size: total assets €232,761lowers riskFounded in 1994Equity €169,010 (72.6% of total assets)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 86% of them on solvency, 36% on liquidity, 66% on profitability and 61% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 9 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 31 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 14% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 30-09-2021 | 30-09-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 1 | - |
| in full-time equivalents | 1 | - |
| Average over the year, in full-time equivalents | 1.3 | 1.2 |
| Joined | 19 | 20 |
| Left | 19 | 20 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Debts guaranteed by Belgian public bodies | - | €65,520 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €30,803 | - | - | - | - |
| Depreciation and write-downs of the year | €11,880 | €10,176 | €8,784 | €6,375 | €5,841 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €248 | - | €8,729 | €57 | - | - |
| Remuneration, social security and pensions62 | - | - | €33,412 | €29,421 | €8 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,991 | €7,476 | €11,880 | €10,176 | €8,784 | €6,375 | €5,841 | ▼ 8.4% |
| Other operating charges640/8 | - | - | €1,621 | €1,284 | €1,803 | €3,330 | €3,037 | ▼ 8.8% |
| Non-recurring operating charges66A | - | - | - | - | €3,787 | - | €554 | - |
| Gross operating margin9900 | €66,078 | €86,372 | €85,276 | €85,503 | €56,794 | €46,548 | €40,977 | ▼ 12.0% |
| Operating profit (loss)9901 | €20,327 | €52,721 | €38,363 | €44,623 | €42,412 | €36,843 | €31,546 | ▼ 14.4% |
| Financial income75/76B | - | - | €1,532 | €4,161 | €4,279 | €5,345 | €6,326 | ▲ 18.3% |
| Recurring financial income75 | €1,569 | €4,357 | €1,532 | €4,161 | €4,279 | €5,345 | €6,326 | ▲ 18.3% |
| Financial charges65/66B | - | - | €6,760 | €8,511 | €4,530 | €3,800 | €4,150 | ▲ 9.2% |
| Recurring financial charges65 | €9,159 | €7,784 | €6,760 | €8,511 | €4,530 | €3,800 | €4,150 | ▲ 9.2% |
| Profit (loss) for the period before taxes9903 | €12,737 | €49,294 | €33,135 | €40,273 | €42,160 | €38,388 | €33,721 | ▼ 12.2% |
| Income taxes67/77 | €153 | €140 | €170 | €9,123 | €15,090 | €13,929 | €12,311 | ▼ 11.6% |
| Profit (loss) for the period9904 | €12,584 | €49,154 | €32,965 | €31,150 | €27,070 | €24,459 | €21,410 | ▼ 12.5% |
| Profit (loss) for the period to be appropriated9905 | €12,584 | €49,154 | €32,965 | €31,150 | €27,070 | €24,459 | €21,410 | ▼ 12.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €91,416 | €107,004 | €154,612 | €196,512 | €203,532 | €201,826 | €232,761 | ▲ 15.3% |
| Fixed assets21/28 | €32,696 | €26,161 | €45,084 | €34,908 | €22,337 | €15,950 | €5,609 | ▼ 64.8% |
| Tangible fixed assets22/27 | €28,133 | €21,597 | €40,520 | €30,344 | €17,773 | €11,399 | €5,558 | ▼ 51.2% |
| Land and buildings22 | - | - | €5,313 | €4,958 | €4,604 | €4,250 | €3,896 | ▼ 8.3% |
| Plant, machinery and equipment23 | - | - | €3,145 | €2,152 | €1,794 | €1,435 | €1,076 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | €6,457 | €3,978 | €1,499 | €508 | €50 | ▼ 90.2% |
| Leasing and similar rights25 | - | - | €21,061 | €15,469 | €9,876 | €5,206 | €536 | ▼ 89.7% |
| Other tangible fixed assets26 | - | - | €4,544 | €3,787 | - | - | - | - |
| Financial fixed assets28 | €4,564 | €4,564 | €4,564 | €4,564 | €4,564 | €4,551 | €51 | ▼ 98.9% |
| Current assets29/58 | €58,720 | €80,843 | €109,528 | €161,604 | €181,195 | €185,876 | €227,152 | ▲ 22.2% |
| Amounts receivable after more than one year29 | - | - | €60,000 | €140,000 | €140,000 | €140,000 | €210,000 | ▲ 50.0% |
| Trade receivables290 | - | - | €60,000 | €140,000 | €140,000 | €140,000 | €210,000 | ▲ 50.0% |
| Stocks and contracts in progress3 | €9,357 | €7,318 | €7,806 | €5,645 | - | - | - | - |
| Stocks30/36 | - | - | €7,806 | €5,645 | - | - | - | - |
| Amounts receivable within one year40/41 | €38,298 | €65,684 | €2,204 | €4,125 | €34,509 | €41,868 | €13,235 | ▼ 68.4% |
| Trade receivables40 | - | - | €50 | - | €15,380 | €3,380 | €7,035 | ▲ 108% |
| Other amounts receivable41 | - | - | €2,155 | €4,125 | €19,129 | €38,488 | €6,200 | ▼ 83.9% |
| Cash at bank and in hand54/58 | €10,327 | €6,812 | €38,803 | €11,002 | €6,084 | €3,537 | €3,455 | ▼ 2.3% |
| Deferred charges and accrued income490/1 | - | - | €715 | €831 | €603 | €471 | €463 | ▼ 1.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €91,416 | €107,004 | €154,612 | €196,512 | €203,532 | €201,826 | €232,761 | ▲ 15.3% |
| Equity10/15 | -€17,198 | €31,956 | €64,921 | €96,071 | €123,141 | €147,600 | €169,010 | ▲ 14.5% |
| Contributions10/11 | €59,123 | - | €59,123 | €59,123 | €59,123 | €59,123 | €59,123 | = |
| Reserves13 | €5,808 | €5,808 | €5,808 | €31,808 | €57,808 | €81,308 | €102,708 | ▲ 26.3% |
| Non-distributable reserves130/1 | - | - | €5,808 | €5,808 | €5,808 | - | - | - |
| Reserves not available under the articles1311 | - | - | €5,808 | €5,808 | €5,808 | - | - | - |
| Distributable reserves133 | - | - | - | €26,000 | €52,000 | €81,308 | €102,708 | ▲ 26.3% |
| Profit (loss) carried forward14 | -€82,129 | -€32,975 | -€10 | €5,140 | €6,210 | €7,169 | €7,179 | ▲ 0.1% |
| Amounts payable17/49 | €108,614 | €75,048 | €89,691 | €100,441 | €80,391 | €54,226 | €63,751 | ▲ 17.6% |
| Amounts payable after more than one year17 | €4,445 | €7,561 | €42,369 | €24,936 | €22,576 | €9,583 | €1,293 | ▼ 86.5% |
| Financial debts170/4 | - | - | €42,369 | €24,936 | €22,576 | €9,583 | €1,293 | ▼ 86.5% |
| Amounts payable within one year42/48 | €91,893 | €55,212 | €47,322 | €74,473 | €57,573 | €44,643 | €62,458 | ▲ 39.9% |
| Current portion of amounts payable after more than one year42 | - | - | €13,575 | €16,059 | €19,047 | €18,005 | €6,299 | ▼ 65.0% |
| Financial debts43 | - | - | €16,501 | €24,526 | €9,553 | €7,908 | €10,007 | ▲ 26.5% |
| Credit institutions430/8 | - | - | €16,501 | €24,526 | €9,553 | €7,908 | €10,007 | ▲ 26.5% |
| Trade debts44 | €43,509 | €13,754 | €6,218 | €15,503 | €10,012 | €3,321 | €2,276 | ▼ 31.5% |
| Suppliers440/4 | - | - | €6,218 | €15,503 | €10,012 | €3,321 | €2,276 | ▼ 31.5% |
| Taxes, remuneration and social security45 | - | - | €5,917 | €16,198 | €18,961 | €15,409 | €14,995 | ▼ 2.7% |
| Taxes450/3 | - | - | €2,388 | €16,198 | €18,961 | €15,409 | €14,995 | ▼ 2.7% |
| Remuneration and social security454/9 | - | - | €3,529 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | €5,110 | €2,187 | - | - | €28,880 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,032 | €242 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,584 | €49,154 | €32,965 | €31,150 | €27,070 | €24,459 | €21,410 | ▼ 12.5% |
| + Depreciation and write-downs630 | €8,991 | €7,476 | €11,880 | €10,176 | €8,784 | €6,375 | €5,841 | ▼ 8.4% |
| Operating cash flow (approximation) | €21,575 | €56,630 | €44,845 | €41,326 | €35,854 | €30,834 | €27,251 | ▼ 11.6% |
| Investment in fixed assets (approximation) | - | -€941 | -€30,803 | €0 | €3,787 | €12 | €4,500 | ▲ 363× |
| Change in cash | - | -€3,515 | €31,991 | -€27,801 | -€4,919 | -€2,546 | -€83 | ▲ 96.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as DJSI has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DJSI itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for DJSI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00100654 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00085825 | |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00079076 | |
| 30-09-2022 | micro format | 02-05-2023 | 2023-00077955 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20012859 | |
| 30-09-2020 | micro format | 31-05-2021 | 2021-16500435 | |
| 30-09-2019 | micro format | 02-06-2020 | 2020-14000245 | |
| 30-09-2018 | micro format | 30-04-2019 | 2019-11800161 | |
| 30-09-2017 | micro format | 30-04-2018 | 2018-11300302 | |
| 30-09-2016 | abbreviated format | 26-04-2018 | 2018-11300274 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 28-12-2023 Converted to unavailable equity
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Een of meerdere vereffenaars aanduiden bevoegdheden vergoeding bepalen, bestuurder(s) in functie indien geen andere benoemd”
Articles of association, deed of 28-12-2023 (in Dutch)
Network & group
DJSI shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of DJSI. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-12
Gazette deed
Legal-form change · Resignations & appointmentsAmendment of the articles · Capital · Capital conversion7 points ▸
- General meeting, 15-12-2023
- Amendment of the articles
- Other provision, “aanname rechtsvorm WVV die dichtst aansluit,met name besloten vennootschap (BV), vorig besluit” (deed in Dutch)
- Capital, €118,246.06
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffen statutair onbeschikbare eigen vermogensrekening en middelen beschikbaar maken voor uitkering” (deed in Dutch)
- Other provision, “huidig adres, zeteladres behoud en statutenwijziging adresregeling” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 32026D0343/00P000 | Flanders | 3,062 m² | 1 · 507 m² | - |