DQS
ActiveSummary
The computed 12-month bankruptcy probability of DQS is 1.6% (moderate). The 2025 annual accounts show equity of €232,897 and a net result of €98,486. Its solvency ranks better than 72% of 18458 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency85▲+4
Growth52
Track record82
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.0 against 2.86 in 2024; short-term debt: 17.4% and cash: 15.6% of total assets), and 39.8% 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
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.2%
Return on assets
25.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 2 filingsDeviation from the deadline
2025
13 d late
2024
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 13 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€232,897▲ 73.3%
2024 · €134,411
Total assets
€387,038▲ 62.1%
2024 · €238,751
Net result
€98,486▼ 21.5%
2024 · €125,411
Working capital
€67,317▼ 11.1%
2024 · €75,710
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
Line20242025
Operating result€160,645-€131,143▼ 18.4%
Net result€125,411-€98,486▼ 21.5%
Equity€134,411-€232,897▲ 73.3%
Total assets€238,751-€387,038▲ 62.1%
Debt€104,340-€154,141▲ 47.7%
Working capital€75,710-€67,317▼ 11.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €387,038
Fixed assets
€252,348 ▲ 106%
Current assets
€134,690 ▲ 15.7%
Equity and liabilities €387,038
Equity
€232,897 ▲ 73.3%
Debt
€154,141 ▲ 47.7%
Debt's share of the balance-sheet total falls from 43.7% to 39.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€148,774▼
2024 · €174,112
Cash flow
€116,118▼
2024 · €138,878
Current ratio
2.00▼
2024 · 2.86
Debt to equity
0.66▼
2024 · 0.78
ROE
42.3%▼
2024 · 93.3%
ROA
25.4%▼
2024 · 52.5%
Interest coverage
21.87▼
2024 · 50.79
Debt ≤ 1 year
€67,373▲
2024 · €40,728
Debt > 1 year
€86,368▲
2024 · €63,612
Income taxes
€25,853▼
2024 · €31,810
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €4,298 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,466 | €17,631 | ▲ 30.9% |
| Other operating charges640/8 | €813 | €1,703 | ▲ 109% |
| Non-recurring operating charges66A | - | €3,114 | - |
| Gross operating margin9900 | €174,924 | €153,591 | ▼ 12.2% |
| Operating profit (loss)9901 | €160,645 | €131,143 | ▼ 18.4% |
| Financial income75/76B | €4 | €1 | ▼ 88.2% |
| Recurring financial income75 | €4 | €1 | ▼ 88.2% |
| Financial charges65/66B | €3,428 | €6,804 | ▲ 98.5% |
| Recurring financial charges65 | €3,428 | €6,804 | ▲ 98.5% |
| Profit (loss) for the period before taxes9903 | €157,221 | €124,339 | ▼ 20.9% |
| Income taxes67/77 | €31,810 | €25,853 | ▼ 18.7% |
| Profit (loss) for the period9904 | €125,411 | €98,486 | ▼ 21.5% |
| Profit (loss) for the period to be appropriated9905 | €125,411 | €98,486 | ▼ 21.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €238,751 | €387,038 | ▲ 62.1% |
| Fixed assets21/28 | €122,313 | €252,348 | ▲ 106% |
| Tangible fixed assets22/27 | €120,213 | €250,248 | ▲ 108% |
| Plant, machinery and equipment23 | €85,610 | €98,562 | ▲ 15.1% |
| Furniture and vehicles24 | €8,138 | €12,498 | ▲ 53.6% |
| Leasing and similar rights25 | €26,466 | €45,688 | ▲ 72.6% |
| Assets under construction and advance payments27 | - | €93,500 | - |
| Financial fixed assets28 | €2,100 | €2,100 | = |
| Current assets29/58 | €116,438 | €134,690 | ▲ 15.7% |
| Amounts receivable within one year40/41 | €6,828 | €57,437 | ▲ 741% |
| Trade receivables40 | €6,602 | €43,870 | ▲ 565% |
| Other amounts receivable41 | €226 | €13,568 | ▲ 5,894% |
| Cash at bank and in hand54/58 | €109,100 | €60,187 | ▼ 44.8% |
| Deferred charges and accrued income490/1 | €509 | €17,065 | ▲ 3,251% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €238,751 | €387,038 | ▲ 62.1% |
| Equity10/15 | €134,411 | €232,897 | ▲ 73.3% |
| Contributions10/11 | €9,000 | €9,000 | = |
| Reserves13 | €125,411 | €223,897 | ▲ 78.5% |
| Distributable reserves133 | €125,411 | €223,897 | ▲ 78.5% |
| Amounts payable17/49 | €104,340 | €154,141 | ▲ 47.7% |
| Amounts payable after more than one year17 | €63,612 | €86,368 | ▲ 35.8% |
| Financial debts170/4 | €63,612 | €86,368 | ▲ 35.8% |
| Amounts payable within one year42/48 | €40,728 | €67,373 | ▲ 65.4% |
| Current portion of amounts payable after more than one year42 | €16,541 | €45,760 | ▲ 177% |
| Trade debts44 | €1,117 | €12,132 | ▲ 986% |
| Suppliers440/4 | €1,117 | €12,132 | ▲ 986% |
| Taxes, remuneration and social security45 | €23,070 | €9,310 | ▼ 59.6% |
| Taxes450/3 | €23,070 | €9,310 | ▼ 59.6% |
| Other amounts payable47/48 | - | €172 | - |
| Accrued charges and deferred income492/3 | - | €400 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €125,411 | €98,486 | ▼ 21.5% |
| + Depreciation and write-downs630 | €13,466 | €17,631 | ▲ 30.9% |
| Operating cash flow (approximation) | €138,878 | €116,118 | ▼ 16.4% |
| Investment in fixed assets (approximation) | - | -€147,666 | - |
| Change in cash | - | -€48,913 | - |
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
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
31-12
Financial
Equity above €200,000Eq €232,897 ▲73.3%
2 profitable years in a row build equity to €232,897.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zele · 1 establishment unit since 2023
Ground area
517 m²
Building footprint
120 m²
Volume, LiDAR
681 m³
Parcel 42402C0007/00V002, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DQS
since 20232.352.380.256
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42402C0007/00V002 | Flanders | 517 m² | 1 · 120 m² | 8.6 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 536 EUR awarded · 418 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 536 EUR | 418 EUR |
Similar companies · same sector, comparable size
LIMBURGS ELEKTROTECHNISCHE SERVICE
BE 0461.583.705
As · Eq €232,731
VANFRACHEM
BE 0835.266.406
Putte · Eq €232,373
GRIETENS ELEKTRO
BE 0451.744.143
Leuven · Eq €232,191
EVERS
BE 0442.897.248
Zonhoven · Eq €234,387
G. VANWYNSBERGHE
BE 0455.318.889
Harelbeke · Eq €230,372
Of 1,513 companies in sector 47540 we hold annual accounts for 805. 655 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
Founded30-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
27510Manufacture of electrical equipment
27900Manufacture of electrical equipment
43211General electrical installation work
43212Electrical installation work in industrial facilities
46431Wholesale of electrical household appliances and audio-video equipment
Scores and ratios are computed by Checked and are not a credit decision.