Equity
€417,882 ▲ 1.8%
DOCUMENT SOLUTION LIEGE paid out €100,000 in dividends. That is 93% of the 2025 profit.
DOCUMENT SOLUTION LIEGE
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €1.1m (2019)
€532,298▼ 24.1%
lowest -€234,789 (2020)
€107,440▲ €320,426
peak €816,248 (2019)
€417,882▲ 1.8%
€1.3m▼ 21.6%
peak 14.4 FTE (2021)
4.3 FTE▼ 17.3%
Board4 names since 2020
1 directorFR CAPITAL
Owners
Documentsfilings and deeds
29-04-202693 days before the deadline
2025financial year
Gross margin from €701,366 to €532,298Back to profit: €107,440Staff from 5.2 FTE to 4.3 FTE1 director appointed, 1 resignation 23-06Dividend €100,000Debts from €1.6m to €1.3m
Key points
from the 2025 annual accountsResult
€107,440 €107,440
Back in profit in 2025, after a loss of €212,986 in 2024.
Turnover
≈ €3.6m estimated
The accounts state no turnover.
Debts
€1.3m 75% of the balance sheet
Financial debts 12%Suppliers 57%Taxes and wages 14%Other 17%
Of this, €1.2m falls due within a year.
Staff
4.3 FTE from 14.4 in 2021
Between 2021 and 2025, 70% of the full-time equivalents disappeared.
Filings
25 annual accounts since 2001
The last five annual accounts were filed 3 to 93 days before the end of the period.
Checked score
83
Excellent
Financially stronger than 39% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026highest value
06-2026: 0.4%▼ -0.3 percentage points vs 05-2026lowest value
07-2026: 0.4%● unchanged vs 06-2026lowest value
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.36, cash €25,089, halved
Sector: Retail trade (NACE 47)
lowers risk
Founded in 2000
Legal form: public limited company
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 47, micro). It does better than 40% of them on solvency, 14% on liquidity, 55% on profitability and 45% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 3,818 companies had the same profile as DOCUMENT SOLUTION LIEGE has now. Each dot stands for 10 companies, two years later.
95.0%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DOCUMENT SOLUTION LIEGE itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 3,818 companies, not a prediction for DOCUMENT SOLUTION LIEGE. 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.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.36 (1.27 in 2024), below the usual 1.5. Short-term debt is 70% and cash 1.5% of total assets. 75.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-04-2026, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
93 days early
2024
50 days early
2023
51 days early
2022
49 days early
2021
3 days early
2020
30 days early
2019
53 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 47 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 June (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- EURO BUROTIC SERVICES 100%score 65equity €187,328 (2025) · 2025 annual accounts of EURO BUROTIC SERVICES
- SRL Euro Burotic Services 62.56%annual accounts 2020
- David Zimmermann 0.04%annual accounts 2020
Recent changes
1 director appointed, 1 resignation
Resignation: EBS IMMO SRL · Permanent representative: Frédéric Rousseau · Appointment: FR CAPITAL SRL · General meeting of 04-06-2025 · Gazette deed
Resignation: David Zimmermann (director)
Director discharge: David Zimmermann · General meeting of 23-08-2024 · Gazette deed
Resignations & appointments
Frédéric Rousseau holds 2 shares · Director in office: David Zimmermann · Capital of €61,973.38, 2,500 shares · General meeting of 16-02-2024 · Gazette deed
1 director resigning, 2 reappointments
Resignation: Frédéric Rousseau · Reappointments: David Zimmermann and EBS IMMO SRL · Permanent representative: Frédéric Rousseau · General meeting of 15-11-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DOCUMENT SOLUTION LIEGE Grâce-Hollogne | €1.7m | €532,298 | 24.9% | 4.3 |
| Checkout Solutions Molenbeek-Saint-Jean | €1.7m | €414,370 | 29.9% | 4 |
| TO BOOST Maasmechelen | €1.5m | €468,626 | 50.4% | 6.3 |
| EURO BUROTIC Charleroi | €1.9m | €461,332 | 28.0% | 4.6 |
| DEVOS OFFICE SOLUTIONS Bruges | €1.2m | €540,970 | 27.4% | 3 |
| ELECTRONIC DATA CONSULTANTS Sint-Gillis-Waas | €1.5m | €661,390 | 54.6% | 2.8 |
| RECYTRON Kruisem | €1.7m | €695,595 | 27.4% | 4.5 |
These companies have the same main activity as DOCUMENT SOLUTION LIEGE: retail sale of information and communication equipment (NACE 47400). They are comparable in size and age: total assets between €1.2m and €1.9m, founded between 1991 and 2003.
Official details
Source: KBO- Status
- Active since 25-02-2000Normal situation
- Activity
- Retail sale of information and communication equipmentNACE 47400
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.098.681.1124460 Grâce-Hollogne, since 18-12-2001
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €1.7m▼ 16.8%
- Employeeson 31-12-2025
- 5=
- Filing
- Filed on 29-04-2026, 93 days before the end of the filing period
Insights on DOCUMENT SOLUTION LIEGE
DOCUMENT SOLUTION LIEGE has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €417,882 and a net result of €107,440.
Equity shrank by about 7.7% per year on average since 2018. In 2025 it rose by 1.8%. Its solvency ranks better than 37% of 5,069 sector peers (NACE 47, financial year 2025).
The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DOCUMENT SOLUTION LIEGE
- What is the company number of DOCUMENT SOLUTION LIEGE?
- The company number of DOCUMENT SOLUTION LIEGE is 0471.264.602. The VAT number is the same number with BE in front: BE 0471.264.602.
- Where is DOCUMENT SOLUTION LIEGE based?
- The registered office is at Rue Laguesse 21, 4460 Grâce-Hollogne.Company details
- What does DOCUMENT SOLUTION LIEGE do?
- According to the KBO register, the main activity is retail sale of information and communication equipment (NACE 47400).
- What is the legal form of DOCUMENT SOLUTION LIEGE?
- DOCUMENT SOLUTION LIEGE is a public limited company (NV).
- When was DOCUMENT SOLUTION LIEGE founded?
- DOCUMENT SOLUTION LIEGE was founded on 25-02-2000.
- Is DOCUMENT SOLUTION LIEGE still active?
- Yes, DOCUMENT SOLUTION LIEGE is an active enterprise in the KBO register.
- How many employees does DOCUMENT SOLUTION LIEGE have?
- DOCUMENT SOLUTION LIEGE had an average of 4.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DOCUMENT SOLUTION LIEGE fall under?
- In its 2025 annual accounts, DOCUMENT SOLUTION LIEGE states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of DOCUMENT SOLUTION LIEGE?
- The turnover in financial year 2025 is ≈ €3.6m. This figure is estimated from the gross margin of €532,298 and 214 comparable companies (NACE 47). It probably lies between €1.9m and €5.6m.
- Is DOCUMENT SOLUTION LIEGE profitable?
- In financial year 2025, DOCUMENT SOLUTION LIEGE made a profit of €107,440.
- Where can I find the annual accounts of DOCUMENT SOLUTION LIEGE?
- DOCUMENT SOLUTION LIEGE filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DOCUMENT SOLUTION LIEGE due?
- DOCUMENT SOLUTION LIEGE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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