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 €161k and a net result of €-17k. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 276 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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 €10k 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.
Credit advice for your own amount and term
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
Sector 26
lower
← 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 →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€161k▼ 9.3%
2023 · €178k
2020: €94k
2021: €112k
2022: €142k
2023: €178k
2020 → 2024
Total assets
€575k▲ 152%
2023 · €228k
2020: €116k
2021: €130k
2022: €188k
2023: €228k
2020 → 2024
Net result
€-17k
2023 · €36k
2020: €3k
2021: €18k
2022: €29k
2023: €36k
2020 → 2024
Working capital
€116k▼ 23.4%
2023 · €152k
2020: €91k
2021: €110k
2022: €106k
2023: €152k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€94k-€112k▲ 19.2%€142k▲ 26.1%€178k▲ 25.4%€161k▼ 9.3%
Operating result€5k-€25k▲ 406%€40k▲ 58.5%€53k▲ 31.3%€-6k
Net result€3k-€18k▲ 431%€29k▲ 62.3%€36k▲ 22.5%€-17k
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 €6k after €53k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €575k
Fixed assets
€389k ▲ 951%
Current assets
€186k ▼ 2.7%
Equity and liabilities €575k
Equity
€161k ▼ 9.3%
Debt
€414k ▲ 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
€16k▼
2023 · €64k
Cash flow
€5k▼
2023 · €47k
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
€70k▲
2023 · €39k
Debt > 1 year
€344k▲
2023 · €11k
Income taxes
€273▼
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 86 lines
Balance sheet
Code20232024
Assets
Total assets20/58€228k€575k▲
Formation expenses20€0€0=
Fixed assets21/28€37k€389k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€37k€389k▲
Land and buildings22€2k€293k▲
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€15k€7k▼
Leasing and similar rights25€0€0=
Other tangible fixed assets26€11k€82k▲
Assets under construction and advance payments27€0€0=
Financial fixed assets28€0€0=
Current assets29/58€191k€186k▼
Amounts receivable after more than one year29€0€0=
Trade receivables290€0€0=
Other amounts receivable291€0€0=
Stocks and contracts in progress3€0€0=
Stocks30/36€0€0=
Contracts in progress37€0€0=
Amounts receivable within one year40/41€14k€24k▲
Trade receivables40€14k€17k▲
Other amounts receivable41€0€7k▲
Current investments50/53€103k€121k▲
Cash at bank and in hand54/58€70k€39k▼
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€228k€575k▲
Equity10/15€178k€161k▼
Contributions10/11€0€0=
Revaluation surpluses12€0€0=
Reserves13€155k€155k=
Non-distributable reserves130/1€0€0=
Reserves not available under the articles1311€0€0=
Own shares acquired1312€0€0=
Financial assistance1313€0€0=
Other1319€0€0=
Tax-exempt reserves132€0€0=
Distributable reserves133€155k€155k=
Profit (loss) carried forward14€23k€6k▼
Investment grants15€0€0=
Advance to shareholders on the distribution of net assets19€0€0=
Provisions and deferred taxes16€0€0=
Provisions for liabilities and charges160/5€0€0=
Pensions and similar obligations160€0€0=
Taxes161€0€0=
Major repairs and maintenance162€0€0=
Environmental obligations163€0€0=
Other liabilities and charges164/5€0€0=
Deferred taxes168€0€0=
Amounts payable17/49€50k€414k▲
Amounts payable after more than one year17€11k€344k▲
Financial debts170/4€11k€344k▲
Trade debts175€0€0=
Advances received on contracts in progress176€0€0=
Other amounts payable178/9€0€0=
Amounts payable within one year42/48€39k€70k▲
Current portion of amounts payable after more than one year42€0€22k▲
Financial debts43€0€0=
Credit institutions430/8€0€0=
Other loans439€0€0=
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Bills of exchange payable441€0€0=
Advances received on contracts in progress46€0€0=
Taxes, remuneration and social security45€16k€11k▼
Taxes450/3€16k€9k▼
Remuneration and social security454/9€0€3k▲
Other amounts payable47/48€17k€31k▲
Accrued charges and deferred income492/3€0€0=
Income statement
Code20232024
Non-recurring operating income76A€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€21k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€38k
Gross operating margin9900€65k€55k▼
Operating profit (loss)9901€53k€-6k▼
Financial income75/76B€0€652▲
Recurring financial income75€0€652▲
Financial charges65/66B€2k€11k▲
Recurring financial charges65€2k€11k▲
Profit (loss) for the period before taxes9903€51k€-16k▼
Income taxes67/77€15k€273▼
Profit (loss) for the period9904€36k€-17k▼
Profit (loss) for the period to be appropriated9905€36k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€6k▼
Profit (loss) brought forward from the previous period14P€23k€23k=
Transfer to equity691/2€36k-
To other reserves6921€36k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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 €-17k ▼146%
Net result drops to €-17k, 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 €36k ▲22.5%
Operating result €53k, net result €36k, both a record.
31-12
Financial
Equity above €150kEq €178k ▲25.4%
4 profitable years in a row build equity to €178k.
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 €100kEq €112k ▲19.2%
2 profitable years in a row build equity to €112k.
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.
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
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.
Baarstraat(SGW) 379170 Sint-Gillis-WaasGround 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
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.
Similar companies · same sector, comparable size
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HOUBRECHTS IT
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PID SOFT
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Of 147 companies in sector 26200 we hold annual accounts for 85. 58 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
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
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.