DN Solutions
ActiveSummary
DN Solutions has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €161,297 and a net result of -€16,569. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 274 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▼-61
Solvency53▼-47
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.67 against 4.87 in 2023; short-term debt: 12.1% and cash: 6.8% of total assets), but 71.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
28.1%
Return on assets
-2.9%
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 30-07-2025, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
125 d early
2022
32 d late
2021
83 d early
2020
109 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 57 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€161,297▼ 9.3%
2023 · €177,865
Total assets
€575,022▲ 152%
2023 · €228,043
Net result
-€16,569
2023 · €36,015
Working capital
€116,269▼ 23.4%
2023 · €151,763
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, 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
Line20202021202220232024
Operating result€5,022-€25,392▲ 406%€40,233▲ 58.5%€52,829▲ 31.3%-€5,791
Net result€3,414within the sector's middle half-€18,116within the sector's middle half▲ 431%€29,401above the sector's middle half▲ 62.3%€36,015above the sector's middle half▲ 22.5%-€16,569below the sector's middle half
Equity€94,333within the sector's middle half-€112,450within the sector's middle half▲ 19.2%€141,850within the sector's middle half▲ 26.1%€177,865above the sector's middle half▲ 25.4%€161,297above the sector's middle half▼ 9.3%
Total assets€115,556within the sector's middle half-€129,505within the sector's middle half▲ 12.1%€188,065within the sector's middle half▲ 45.2%€228,043within the sector's middle half▲ 21.3%€575,022above the sector's middle half▲ 152%
Debt€21,223-€17,055▼ 19.6%€46,214▲ 171%€50,178▲ 8.6%€413,725▲ 725%
Working capital€91,023-€110,086▲ 20.9%€105,980▼ 3.7%€151,763▲ 43.2%€116,269▼ 23.4%
Solvency81.6%above the sector's middle half-86.8%above the sector's middle half▲ 5.2pp75.4%above the sector's middle half▼ 11.4pp78.0%above the sector's middle half▲ 2.6pp28.1%within the sector's middle half▼ 49.9pp
above
within
below
the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, 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 turns negative in 2024: a loss of €5,791 after €52,829 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €575,022
Fixed assets
€389,157 ▲ 951%
Current assets
€185,865 ▼ 2.7%
Equity and liabilities €575,022
Equity
€161,297 ▼ 9.3%
Debt
€413,725 ▲ 725%
Debt's share of the balance-sheet total rises from 22.0% to 71.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15,665▼
2023 · €63,978
Cash flow
€4,888▼
2023 · €47,164
Current ratio
2.67▼
2023 · 4.87
Debt to equity
2.56▲
2023 · 0.28
ROE
-10.3%▼
2023 · 20.2%
ROA
-2.9%▼
2023 · 15.8%
Interest coverage
1.40▼
2023 · 27.80
Debt ≤ 1 year
€69,596▲
2023 · €39,247
Debt > 1 year
€344,129▲
2023 · €10,931
Income taxes
€273▼
2023 · €14,513
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,058 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% | 1.6% |
| 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 74% 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 2,501 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,800 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,372 | €947 | €1,648 | €11,149 | €21,457 | ▲ 92.5% |
| Other operating charges640/8 | - | €625 | €1,201 | €1,100 | €1,756 | ▲ 59.7% |
| Non-recurring operating charges66A | - | - | - | - | €37,937 | - |
| Gross operating margin9900 | €8,261 | €26,964 | €43,082 | €65,078 | €55,359 | ▼ 14.9% |
| Operating profit (loss)9901 | €5,022 | €25,392 | €40,233 | €52,829 | -€5,791 | ▼ 111% |
| Financial income75/76B | - | €305 | €298 | €0 | €652 | ▲ 3,257,800% |
| Recurring financial income75 | €262 | €305 | €298 | €0 | €652 | ▲ 3,257,800% |
| Financial charges65/66B | - | €549 | €640 | €2,302 | €11,156 | ▲ 385% |
| Recurring financial charges65 | €345 | €549 | €640 | €2,302 | €11,156 | ▲ 385% |
| Profit (loss) for the period before taxes9903 | €4,939 | €25,148 | €39,891 | €50,527 | -€16,296 | ▼ 132% |
| Income taxes67/77 | €1,525 | €7,032 | €10,490 | €14,513 | €273 | ▼ 98.1% |
| Profit (loss) for the period9904 | €3,414 | €18,116 | €29,401 | €36,015 | -€16,569 | ▼ 146% |
| Profit (loss) for the period to be appropriated9905 | €3,414 | €18,116 | €29,401 | €36,015 | -€16,569 | ▼ 146% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115,556 | €129,505 | €188,065 | €228,043 | €575,022 | ▲ 152% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €3,310 | €2,363 | €35,870 | €37,033 | €389,157 | ▲ 951% |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €3,310 | €2,363 | €35,870 | €37,033 | €389,157 | ▲ 951% |
| Land and buildings22 | - | €938 | €703 | €1,757 | €292,930 | ▲ 16,575% |
| Plant, machinery and equipment23 | - | €876 | €12,755 | €9,777 | €7,237 | ▼ 26.0% |
| Furniture and vehicles24 | - | €550 | €22,412 | €14,652 | €7,168 | ▼ 51.1% |
| Leasing and similar rights25 | - | - | €0 | €0 | €0 | - |
| Other tangible fixed assets26 | - | - | €0 | €10,847 | €81,822 | ▲ 654% |
| Assets under construction and advance payments27 | - | - | €0 | €0 | €0 | - |
| Financial fixed assets28 | - | - | €0 | €0 | €0 | - |
| Current assets29/58 | €112,246 | €127,141 | €152,194 | €191,010 | €185,865 | ▼ 2.7% |
| Amounts receivable after more than one year29 | - | - | €0 | €0 | €0 | - |
| Trade receivables290 | - | - | €0 | €0 | €0 | - |
| Other amounts receivable291 | - | - | €0 | €0 | €0 | - |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | - |
| Stocks30/36 | - | - | €0 | €0 | €0 | - |
| Contracts in progress37 | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €16,515 | €12,654 | €17,439 | €13,867 | €23,939 | ▲ 72.6% |
| Trade receivables40 | - | €12,577 | €17,081 | €13,867 | €16,638 | ▲ 20.0% |
| Other amounts receivable41 | - | €77 | €358 | €0 | €7,302 | - |
| Current investments50/53 | €48,568 | €66,808 | €85,106 | €103,106 | €121,106 | ▲ 17.5% |
| Cash at bank and in hand54/58 | €43,859 | €46,076 | €46,398 | €70,244 | €39,188 | ▼ 44.2% |
| Deferred charges and accrued income490/1 | - | €1,604 | €3,251 | €3,794 | €1,632 | ▼ 57.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115,556 | €129,505 | €188,065 | €228,043 | €575,022 | ▲ 152% |
| Equity10/15 | €94,333 | €112,450 | €141,850 | €177,865 | €161,297 | ▼ 9.3% |
| Contributions10/11 | - | - | €0 | €0 | €0 | - |
| Revaluation surpluses12 | - | - | €0 | €0 | €0 | - |
| Reserves13 | €72,053 | €90,053 | €119,053 | €155,068 | €155,068 | = |
| Non-distributable reserves130/1 | - | - | €0 | €0 | €0 | - |
| Reserves not available under the articles1311 | - | - | €0 | €0 | €0 | - |
| Own shares acquired1312 | - | - | €0 | €0 | €0 | - |
| Financial assistance1313 | - | - | €0 | €0 | €0 | - |
| Other1319 | - | - | €0 | €0 | €0 | - |
| Tax-exempt reserves132 | - | - | €0 | €0 | €0 | - |
| Distributable reserves133 | - | €90,053 | €119,053 | €155,068 | €155,068 | = |
| Profit (loss) carried forward14 | €22,280 | €22,396 | €22,797 | €22,797 | €6,229 | ▼ 72.7% |
| Investment grants15 | - | - | €0 | €0 | €0 | - |
| Advance to shareholders on the distribution of net assets19 | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | - | - | €0 | €0 | €0 | - |
| Provisions for liabilities and charges160/5 | - | - | €0 | €0 | €0 | - |
| Pensions and similar obligations160 | - | - | €0 | €0 | €0 | - |
| Taxes161 | - | - | €0 | €0 | €0 | - |
| Major repairs and maintenance162 | - | - | €0 | €0 | €0 | - |
| Environmental obligations163 | - | - | €0 | €0 | €0 | - |
| Other liabilities and charges164/5 | - | - | €0 | €0 | €0 | - |
| Deferred taxes168 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €21,223 | €17,055 | €46,214 | €50,178 | €413,725 | ▲ 725% |
| Amounts payable after more than one year17 | - | - | €0 | €10,931 | €344,129 | ▲ 3,048% |
| Financial debts170/4 | - | - | €0 | €10,931 | €344,129 | ▲ 3,048% |
| Trade debts175 | - | - | €0 | €0 | €0 | - |
| Advances received on contracts in progress176 | - | - | €0 | €0 | €0 | - |
| Other amounts payable178/9 | - | - | €0 | €0 | €0 | - |
| Amounts payable within one year42/48 | €21,223 | €17,055 | €46,214 | €39,247 | €69,596 | ▲ 77.3% |
| Current portion of amounts payable after more than one year42 | - | - | €0 | €0 | €22,198 | - |
| Financial debts43 | - | - | €0 | €0 | €0 | - |
| Credit institutions430/8 | - | - | €0 | €0 | €0 | - |
| Other loans439 | - | - | €0 | €0 | €0 | - |
| Trade debts44 | €2,935 | €5,137 | €11,094 | €6,993 | €5,025 | ▼ 28.1% |
| Suppliers440/4 | - | €5,137 | €11,094 | €6,993 | €5,025 | ▼ 28.1% |
| Bills of exchange payable441 | - | - | €0 | €0 | €0 | - |
| Advances received on contracts in progress46 | - | - | €0 | €0 | €0 | - |
| Taxes, remuneration and social security45 | - | €11,918 | €11,674 | €15,700 | €11,280 | ▼ 28.1% |
| Taxes450/3 | - | €9,446 | €11,629 | €15,700 | €8,594 | ▼ 45.3% |
| Remuneration and social security454/9 | - | €2,472 | €45 | €0 | €2,687 | - |
| Other amounts payable47/48 | - | - | €23,446 | €16,554 | €31,093 | ▲ 87.8% |
| Accrued charges and deferred income492/3 | - | - | €0 | €0 | €0 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,414 | €18,116 | €29,401 | €36,015 | -€16,569 | ▼ 146% |
| + Depreciation and write-downs630 | €2,372 | €947 | €1,648 | €11,149 | €21,457 | ▲ 92.5% |
| Operating cash flow (approximation) | €5,786 | €19,063 | €31,049 | €47,164 | €4,888 | ▼ 89.6% |
| Investment in fixed assets (approximation) | - | €0 | -€35,155 | -€12,312 | -€373,581 | ▼ 2,934% |
| Change in cash | - | €2,217 | €322 | €23,846 | -€31,056 | ▼ 230% |
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
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€16,569
Net result drops to -€16,569, the lowest in the series.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €36,015 ▲22.5%
Operating result €52,829, net result €36,015, both a record.
31-12
Financial
Equity above €150,000Eq €177,865 ▲25.4%
4 profitable years in a row build equity to €177,865.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €112,450 ▲19.2%
2 profitable years in a row build equity to €112,450.
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Sint-Gillis-Waas · 1 establishment unit since 2004
Ground area
3,441 m²
Building footprint
274 m²
Volume, LiDAR
1,182 m³
Parcel 46020D0170/00G000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DN SOLUTIONS
since 20042.138.735.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020D0170/00G000 | Flanders | 3,441 m² | 1 · 274 m² | 7.3 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.
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Of 146 companies in sector 26200 we hold annual accounts for 84. 58 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-07-2004
Fiscal year end31-12
Activities, NACEBEL 2025
26200Manufacture of computer, electronic and optical products
43211General electrical installation work
43310Plastering work
46140Agents in the wholesale of industrial machinery, ships and aircraft
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866529803
Also
9925:BE0866529803
Registered
24-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.