DRILLING SOLUTIONS · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DRILLING SOLUTIONS is 0.7% (low). The 2025 annual accounts show equity of €481k and a net result of €22k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 334 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Signals

2 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 90% of 334 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	01-04-2026	29 d early	2026-00071355
30-09-2024	30-04-2025	09-04-2025	21 d early	2025-00069337
30-09-2023	30-04-2024	10-04-2024	20 d early	2024-00062337
30-09-2022	30-04-2023	07-04-2023	23 d early	2023-00057826
31-12-2021	31-07-2022	07-07-2022	24 d early	2022-20165114
31-12-2020	31-07-2021	31-08-2021	31 d late	2021-66000029
31-12-2019	31-07-2020	30-06-2020	31 d early	2020-22400077
31-12-2018	31-07-2019	28-06-2019	33 d early	2019-24800376
31-12-2017	31-07-2018	23-07-2018	8 d early	2018-36600333
31-12-2016	31-07-2017	23-06-2017	38 d early	2017-20400359

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2015, 11 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.7% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Annual accounts: healthy financial profile −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€1.60M+27.1%

EBIT margin0.7%-0.8pp

Net result€22k+269.4%

Working capital€480k+4.8%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 01-04-2026 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~16.9%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	77.4%	38.9%	better than 90% of 334 sector peers
Net result	€22k	€40k	better than 40% of 334 sector peers
Equity	€481k	€189k	better than 73% of 334 sector peers
Gross operating margin	€151k	€223k	better than 41% of 334 sector peers
Staff costs	€114k	€219k	higher than 32% of 216 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P90

Improving position over 2020-2025 · n=334-992

Net result P40

Weakening position over 2020-2025 · n=334-991

Equity P73

Improving position over 2020-2025 · n=334-992

Gross operating margin P41

Stable position over 2020-2025 · n=334-991

Describes the position versus peers, not a forecast.

Revenue

€1.60M

+27.1% 18-25

Net profit

€22k

+269.4% 18-25

Total assets

€621k

+23.4% 18-25

Equity

€481k

+4.8% 18-25

Working capital

€480k

+4.8% 18-25

Employees (FTE)

1

-35.0% 18-25

Staff costs

€114k

+11.2% 18-25

Income taxes

€7k

+156.0% 18-25

Dividends

€0

-100.0% 18-25

Debt

€140k

+214.3% 18-25

Debt ≤ 1y

€140k

+214.3% 18-25

Current ratio

4.42

-60.7% 18-25

Quick ratio

4.42

-60.7% 18-25

Solvency

77.4%

-15.1% 18-25

Debt / equity

0.29

+199.8% 18-25

ROE

4.6%

+252.4% 18-25

ROA

3.6%

+199.3% 18-25

Net margin

0.7%

-23.1% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	-
Net profit	€22k
Cash flow	-
Staff costs	€114k
Income taxes	€7k
Dividends	-
Total assets	€621k
Equity	€481k
Debt	€140k
of which ≤ 1y	€140k
of which > 1y	-
Working capital	€480k
Employees (FTE)	1.3

Ratios (computed)

	2025
Current ratio	4.42
Quick ratio	4.42
Working capital ratio	77.3%
Solvency	77.4%
Debt / equity	0.29
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	3.6%
ROE	4.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €800 · 0.1% Current assets €620k · 99.9%

Equity & liabilities

Equity €481k · 77.4% Debt €140k · 22.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€621k
Fixed assets	21/28	€800
Financial fixed assets	28	€800
Current assets	29/58	€620k
Amounts receivable within one year	40/41	€219k
Cash & bank	54/58	€247k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€621k
Equity	10/15	€481k
Contributions / capital	10/11	€89k
Reserves	13	€392k
Accumulated profits (losses)	14	€339
Amounts payable	17/49	€140k
Amounts payable within one year	42/48	€140k
Trade debts payable within one year	44	€57k
Income statement
Gross operating margin	9900	€151k
Operating result	9901	€28k
Financial income	75	€2k
Financial charges	65	€65
Result before taxes	9903	€29k
Income taxes	67/77	€7k
Net result for the period	9904	€22k
Result to be appropriated	9905	€22k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

86 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

6 directors

Current directors & mandates

Bertrand Jardinet
Director
State Gazette act 22067625 (07-06-2022)

Current
17-06-2021 → present
D’JOOS Geert Frans Jeanne
Managing director
State Gazette act 22334169 (25-05-2022)

Current
17-06-2021 → present
JARDINET Bertrand Henri Elise Luc
Director
State Gazette act 22334169 (25-05-2022)

Current
17-06-2021 → present
JuthoLegal entity
Director· perm. rep.: D’JOOS Geert Frans Jeanne
State Gazette act 22334169 (25-05-2022)

Current
17-06-2021 → present
4 events
- 17-06-2021 Mandate renewed· Director
- 17-06-2021 Appointed· Managing director
- 17-06-2021 Resigned· Director
- 01-09-2015 Appointed· Daily management
JUTHO BVBALegal entity
Director· perm. rep.: Geert D'JOOS
State Gazette act 22067625 (07-06-2022)

Current
17-06-2021 → present
2 events
- 17-06-2021 Mandate renewed· Director
- 17-06-2021 Appointed· Managing director

Historic, not recently confirmed (1)

These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.

Geert D'JOOS
Managing director
State Gazette act 16021170 (09-02-2016)

Not recently confirmed
last confirmed in an act from 2016
2 events
- 01-09-2015 Resigned· Managing director
- 01-09-2015 Appointed· Managing director

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor

2 auditors

Statutory auditor	IRE/IBR number	Tenure
Moore AuditCurrent Statutory auditor · represented by Bart Dauwen	-	18-06-2024 → present
Burg. BVBA Clybouw Bedrijfsrevisoren Statutory auditor · represented by Arnaud Clybouw succeeded by Moore Audit in 2024	-	09-01-2017 → 18-06-2024

Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Proefboren en boren(43130)
Legal form	Public limited company(014)
Incorporation	14-08-2015
Status	Active
Postal code	2280

Structure & network

Connections & network

3 connected companies

Group structureShared directors

Group structure

Jutho

Sits on the board · 2 subsidiaries · 1 location

Control→

Linked via shared directors

Jutho

viaD’JOOS Geert Frans Jeanne · Permanent representative

→

Network connections

DRILLMAT

Shared corporate director

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party

Control over this companysits on this company's board1

Jutho

2 subsidiaries · 1 location

controls

DRILLING SOLUTIONSBE 0635.534.397

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

15 companies at this address See who is registered here

Establishment units

1 location

DRILLING SOLUTIONS

'tVlot 1, 2280 GrobbendonkAanleg van pijpleidingen voor het vervoer van gas, petroleumproducten, enz.

since 20152.244.903.266

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area9,445 m²

Buildings1

Building footprint122 m²

Volume (LiDAR)713 m³

Tallest building8.1 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13010B0557/00G000	Flanders	9,445 m²	1 · 121 m²	8.1 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

8 acts

All acts · 8 updated 6 months ago

2026

30-01-2026 Bart Dauwen appointed as statutory auditor Director changes

Bart Dauwen, Commissaris

Summary: v3.2

Original publication ↗

2024

10-12-2024 1 director appointed, 1 resigning Director changes

Bart Dauwen, Commissaris
Johan Van Mieghem, Commissaris

Summary: v3.2

Original publication ↗

2022

13-10-2022 Moore Audit BV appointed as statutory auditor Director changes

Moore Audit BV, Commissaris

Summary: v3.2

Original publication ↗

07-06-2022 1 director appointed, 2 reappointed Director changes

Geert D'JOOS, Gedelegeerd bestuurder
Geert D'JOOS, Bestuurder
Bertrand Jardinet, Bestuurder

Summary: v3.2

Original publication ↗

25-05-2022 Articles of association amended Statutes amendment

Summary: v3.2

Original publication ↗

2017

09-01-2017 Arnaud Clybouw appointed as statutory auditor Director changes

Arnaud Clybouw, Commissaris

Summary: v3.2

Original publication ↗

2016

09-02-2016 2 directors appointed, 1 resigning Director changes

Geert D'Joos, Dagelijks bestuur
Geert D'Joos, Gedelegeerd bestuurder
Geert D'Joos, Gedelegeerd bestuurder

Summary: v3.2

Original publication ↗

2015

18-08-2015 Incorporation of a new NV Incorporation

Summary: oprichting

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

79 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86

Profitability 23

Solvency 100

Growth 85

Stability 100

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