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DLSV

Bankruptcy closed
Private limited companyfounded 1993En Grande Foxhalle 35, 4040 Herstal, BelgiumKBO/BCE: BE 0451.336.347

Inactive since 24-06-2026; last annual accounts for fiscal year 2024.

Summary

DLSV was declared bankrupt on 03-11-2025 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 23-06-2026, published in the Belgian State Gazette on 26-06-2026.

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€8,374
raises risk · Bankruptcy closed
The Belgian State Gazette published the closure of the bankruptcy. The latest notice is dated 26-06-2026. The registration has since been removed from the register.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
4 d early
2022
30 d late
2021
16 d late
2020
61 d late
2019
56 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 18 November 1993, DLSV was incorporated.1 Total assets went from EUR 40,448 in 2018 to EUR 8,270 in 2024.2 The company was declared bankrupt on 3 November 2025; the bankruptcy was closed on 23 June 2026.34

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024
  3. 3Belgian State Gazette, 07-11-2025
  4. 4Belgian State Gazette, 26-06-2026

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Turnover
€77,225▼ 4.6%
2018 · €80,967
EBIT margin
4.6%▲ 8.4pp
2018 · -3.8%
Net result
-€3,109
2023 · €17,111
Working capital
-€8,840▼ 42.6%
2023 · -€6,198
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
Line20202021202220232024
Turnover
Operating result-€4,733-€16,146▼ 241%-€18,457▼ 14.3%€17,272-€2,903
Net result-€4,976-€16,320▼ 228%-€18,775▼ 15.0%€17,111-€3,109
EBIT margin
Equity€6,276▼ 44.2%-€10,044-€22,375▼ 123%-€5,265▲ 76.5%-€8,374▼ 59.1%
Total assets€20,921▼ 31.9%€23,736▲ 13.5%€7,337▼ 69.1%€28,013▲ 282%€8,270▼ 70.5%
Debt€14,645▼ 24.8%€33,780▲ 131%€29,712▼ 12.0%€33,278▲ 12.0%€16,644▼ 50.0%
Working capital-€11,429▼ 26.5%-€25,249▼ 121%-€27,580▼ 9.2%-€6,198▲ 77.5%-€8,840▼ 42.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2020: -€4,733-€4,733Net result 2020: -€4,976-€4,976Operating result 2021: -€16,146-€16,146Net result 2021: -€16,320-€16,320Operating result 2022: -€18,457-€18,457Net result 2022: -€18,775-€18,775Operating result 2023: €17,272€17,272Net result 2023: €17,111€17,111Operating result 2024: -€2,903-€2,903Net result 2024: -€3,109-€3,10920202021202220232024-€20,000-€10,000€0€10,000€20,000Operating result 2022: -€18,457-€18,500Net result 2022: -€18,775-€18,800Operating result 2023: €17,272€17,300Net result 2023: €17,111€17,100Operating result 2024: -€2,903-€2,900Net result 2024: -€3,109-€3,110202220232024
The operating result turns negative in 2024: a loss of €2,903 after €17,272 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8,270
Fixed assets €466 ▼ 50.1%
Current assets €7,804 ▼ 71.2%
Key figures and ratios
2024 value · change against 2023
EBITDA
-€2,436▼
2023 · €17,739
Cash flow
-€2,642▼
2023 · €17,578
Solvency
-101.3%▼
2023 · -18.8%
Current ratio
0.47▼
2023 · 0.81
Debt to equity
-1.99▲
2023 · -6.32
ROA
-37.6%▼
2023 · 61.1%
Interest coverage
-11.83▼
2023 · 110.18
Debt ≤ 1 year
€16,644▼
2023 · €33,278
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€28,013€8,270▼
Fixed assets21/28€933€466▼
Tangible fixed assets22/27€933€466▼
Furniture and vehicles24€933€466▼
Current assets29/58€27,080€7,804▼
Amounts receivable within one year40/41€22,773€6,229▼
Trade receivables40€9,172€5,528▼
Other amounts receivable41€13,601€701▼
Cash at bank and in hand54/58€3,483€1,575▼
Deferred charges and accrued income490/1€824-
Equity and liabilities
Total equity and liabilities10/49€28,013€8,270▼
Equity10/15-€5,265-€8,374▼
Contributions10/11€18,591€18,591=
Capital10€18,591€18,591=
Issued capital100€18,591€18,591=
Reserves13€1,859€1,859=
Non-distributable reserves130/1€1,859€1,859=
Legal reserve130€1,859€1,859=
Profit (loss) carried forward14-€25,715-€28,824▼
Amounts payable17/49€33,278€16,644▼
Amounts payable within one year42/48€33,278€16,644▼
Trade debts44€4,944€448▼
Suppliers440/4€4,944€448▼
Taxes, remuneration and social security45€6,131€231▼
Taxes450/3€6,131€231▼
Other amounts payable47/48€22,203€15,965▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€467€467=
Other operating charges640/8€3,579€149▼
Gross operating margin9900€21,318-€2,287▼
Operating profit (loss)9901€17,272-€2,903▼
Financial charges65/66B€161€206▲
Recurring financial charges65€161€206▲
Profit (loss) for the period before taxes9903€17,111-€3,109▼
Profit (loss) for the period9904€17,111-€3,109▼
Profit (loss) for the period to be appropriated9905€17,111-€3,109▼
Appropriation of the result
Profit (loss) to be appropriated9906-€25,715-€28,824▼
Profit (loss) brought forward from the previous period14P-€42,826-€25,715▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,582€2,500-€467€467=
Other operating charges640/8-€812-€3,579€149▼ 95.8%
Non-recurring operating charges66A--€10,000---
Gross operating margin9900-€880-€12,834-€8,457€21,318-€2,287▼ 111%
Operating profit (loss)9901-€4,733-€16,146-€18,457€17,272-€2,903▼ 117%
Financial charges65/66B-€174€318€161€206▲ 28.0%
Recurring financial charges65€243€174€318€161€206▲ 28.0%
Profit (loss) for the period before taxes9903-€4,976-€16,320-€18,775€17,111-€3,109▼ 118%
Profit (loss) for the period9904-€4,976-€16,320-€18,775€17,111-€3,109▼ 118%
Profit (loss) for the period to be appropriated9905-€4,976-€16,320-€18,775€17,111-€3,109▼ 118%
Line20202021202220232024Change
Assets
Total assets20/58€20,921€23,736€7,337€28,013€8,270▼ 70.5%
Fixed assets21/28€17,705€15,205€5,205€933€466▼ 50.1%
Intangible fixed assets21€12,500€10,000----
Tangible fixed assets22/27---€933€466▼ 50.1%
Furniture and vehicles24---€933€466▼ 50.1%
Financial fixed assets28€5,205€5,205€5,205---
Current assets29/58€3,216€8,531€2,132€27,080€7,804▼ 71.2%
Amounts receivable within one year40/41€649€270€1,288€22,773€6,229▼ 72.6%
Trade receivables40---€9,172€5,528▼ 39.7%
Other amounts receivable41-€270€1,288€13,601€701▼ 94.8%
Cash at bank and in hand54/58€2,091€7,846€844€3,483€1,575▼ 54.8%
Deferred charges and accrued income490/1-€415-€824--
Equity and liabilities
Total equity and liabilities10/49€20,921€23,736€7,337€28,013€8,270▼ 70.5%
Equity10/15€6,276-€10,044-€22,375-€5,265-€8,374▼ 59.1%
Contributions10/11€12,148€12,148€18,592€18,591€18,591=
Capital10-€12,148€18,592€18,591€18,591=
Issued capital100-€18,592€18,592€18,591€18,591=
Uncalled capital101-€6,444----
Reserves13€1,859€1,859€1,859€1,859€1,859=
Non-distributable reserves130/1-€1,859€1,859€1,859€1,859=
Legal reserve130-€1,859€1,859€1,859€1,859=
Profit (loss) carried forward14-€7,731-€24,051-€42,826-€25,715-€28,824▼ 12.1%
Amounts payable17/49€14,645€33,780€29,712€33,278€16,644▼ 50.0%
Amounts payable within one year42/48€14,645€33,780€29,712€33,278€16,644▼ 50.0%
Trade debts44€4,867€3,251€3,033€4,944€448▼ 90.9%
Suppliers440/4-€3,251€3,033€4,944€448▼ 90.9%
Taxes, remuneration and social security45-€230€230€6,131€231▼ 96.2%
Taxes450/3-€230€230€6,131€231▼ 96.2%
Other amounts payable47/48-€30,299€26,449€22,203€15,965▼ 28.1%
Line20202021202220232024Change
Profit (loss) for the period9904-€4,976-€16,320-€18,775€17,111-€3,109▼ 118%
+ Depreciation and write-downs630€2,582€2,500-€467€467=
Operating cash flow (approximation)-€2,394-€13,820-€18,775€17,578-€2,642▼ 115%
Investment in fixed assets (approximation)-€0€10,000€3,805€0▼ 100%
Change in cash-€5,755-€7,002€2,639-€1,908▼ 172%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
26-06
Bankruptcy Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · event 23-06-2026
2025
07-11
Bankruptcy Opening
Tribunal de l’entreprise de Liège, division Liège · event 03-11-2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
27-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €17,111
Net result €17,111 after 3 loss-making years.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial Weakest financial yearnet -€18,775
Net result drops to -€18,775, the lowest in the series.
16-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
30-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
25-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
31-12
Financial Back to profitnet €3,249
Net result €3,249 after one loss-making year.
28-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Show earlier events
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2016
25-10
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 86 days late
19-05
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 293 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
10 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, Herstal
exact location from the address register On OpenStreetMap
Ground area
386 m²
Building footprint
165 m²
Parcel 62313E0528/00L000, Wallonia. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62313E0528/00L000 Wallonia 386 m² 1 · 165 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.

Insolvency mandates

2 mandates
Role Name Tenure
Curator PIERRE DUSART
AVENUE CONSTANTIN DE GERLACHE 41, 4000 LIEGE 1
03-11-2025 → 23-06-2026
Curator PIERRE-FRANCOIS BOURLET
CHAUSSEE DU ROI ALBERT 16, 4432 ALLEUR-
03-11-2025 → 23-06-2026

Similar companies · same sector and region

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 22,832 companies in sector 43211 we hold annual accounts for 10,328. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded18-11-1993
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
25110Manufacture of metal structures and parts of structures
43212Electrical installation work in industrial facilities
46839Wholesale trade

Scores and ratios are computed by Checked and are not a credit decision.