DRS Solutions
ActiveSummary
DRS Solutions has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213,723 and a net result of €31,667. Equity is growing by ~80.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 1007 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▼-31
Solvency58▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.52 in 2024; short-term debt: 55.4% and cash: 1.1% of total assets), but 66.9% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% 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
33.1%
Return on assets
4.9%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
27 d late
2024
20 d early
2023
38 d early
2022
48 d early
2021
59 d early
2020
26 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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. Usually files around 24 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€213,723▲ 17.4%
2024 · €182,056
Total assets
€645,979▲ 22.4%
2024 · €527,852
Net result
€31,667▼ 58.3%
2024 · €75,864
Working capital
€261,760▲ 46.7%
2024 · €178,411
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Line20212022202320242025
Operating result€42,728▲ 3,639%€38,261▼ 10.5%€66,137▲ 72.9%€137,073▲ 107%€75,066▼ 45.2%
Net result€32,980within the sector's middle half▲ 5,724%€25,473within the sector's middle half▼ 22.8%€50,267above the sector's middle half▲ 97.3%€75,864above the sector's middle half▲ 50.9%€31,667within the sector's middle half▼ 58.3%
Equity€41,952within the sector's middle half▲ 368%€55,925within the sector's middle half▲ 33.3%€106,192within the sector's middle half▲ 89.9%€182,056above the sector's middle half▲ 71.4%€213,723above the sector's middle half▲ 17.4%
Total assets€85,282within the sector's middle half▲ 434%€129,260within the sector's middle half▲ 51.6%€162,586within the sector's middle half▲ 25.8%€527,852above the sector's middle half▲ 225%€645,979above the sector's middle half▲ 22.4%
Debt€43,330▲ 519%€73,335▲ 69.2%€56,395▼ 23.1%€345,796▲ 513%€432,256▲ 25.0%
Working capital€49,431within the sector's middle half▲ 554%€38,353within the sector's middle half▼ 22.4%€93,392above the sector's middle half▲ 144%€178,411above the sector's middle half▲ 91.0%€261,760above the sector's middle half▲ 46.7%
Solvency49.2%within the sector's middle half▼ 7.0pp43.3%within the sector's middle half▼ 5.9pp65.3%within the sector's middle half▲ 22.0pp34.5%within the sector's middle half▼ 30.8pp33.1%within the sector's middle half▼ 1.4pp
Current ratio2.42within the sector's middle half▲ 0.341.56within the sector's middle half▼ 0.862.66within the sector's middle half▲ 1.101.52within the sector's middle half▼ 1.141.73within the sector's middle half▲ 0.22
Return on assets (ROA)38.7%above the sector's middle half▲ 35.1pp19.7%within the sector's middle half▼ 19.0pp30.9%above the sector's middle half▲ 11.2pp14.4%within the sector's middle half▼ 16.5pp4.9%within the sector's middle half▼ 9.5pp
Staff (FTE)1.93.38.6▲ 161%7.2▼ 16.3%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, 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 falls in 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €645,979
Fixed assets
€26,411 ▲ 602%
Current assets
€619,568 ▲ 18.2%
Equity and liabilities €645,979
Equity
€213,723 ▲ 17.4%
Debt
€432,256 ▲ 25.0%
Debt's share of the balance-sheet total rises from 65.5% to 66.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82,810▼
2024 · €146,113
Cash flow
€39,411▼
2024 · €84,904
Quick ratio
1.52▲
2024 · 1.52
Debt to equity
2.02▲
2024 · 1.90
ROE
14.8%▼
2024 · 41.7%
Interest coverage
3.79▼
2024 · 7.73
Debt ≤ 1 year
€357,809▲
2024 · €345,681
Debt > 1 year
€73,239▲
2024 · €115
Income taxes
€21,770▼
2024 · €42,304
Staff costs
€428,532▲
2024 · €412,254
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,048 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €70,628 | €119,155 | €147,066 | €412,254 | €428,532 | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €472 | €5,750 | €9,509 | €9,040 | €7,744 | ▼ 14.3% |
| Other operating charges640/8 | €1,322 | €2,049 | €3,769 | €7,645 | €9,175 | ▲ 20.0% |
| Gross operating margin9900 | €115,150 | €165,215 | €226,480 | €566,011 | €520,517 | ▼ 8.0% |
| Operating profit (loss)9901 | €42,728 | €38,261 | €66,137 | €137,073 | €75,066 | ▼ 45.2% |
| Financial income75/76B | €1,020 | €26 | - | €0 | €198 | ▲ 1,976,400% |
| Recurring financial income75 | €1,020 | €26 | - | €0 | €198 | ▲ 1,976,400% |
| Financial charges65/66B | €2,325 | €5,813 | €1,573 | €18,904 | €21,826 | ▲ 15.5% |
| Recurring financial charges65 | €2,325 | €5,813 | €1,573 | €18,904 | €21,826 | ▲ 15.5% |
| Profit (loss) for the period before taxes9903 | €41,424 | €32,474 | €64,564 | €118,169 | €53,437 | ▼ 54.8% |
| Income taxes67/77 | €8,444 | €7,001 | €14,297 | €42,304 | €21,770 | ▼ 48.5% |
| Profit (loss) for the period9904 | €32,980 | €25,473 | €50,267 | €75,864 | €31,667 | ▼ 58.3% |
| Profit (loss) for the period to be appropriated9905 | €32,980 | €25,473 | €50,267 | €75,864 | €31,667 | ▼ 58.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85,282 | €129,260 | €162,586 | €527,852 | €645,979 | ▲ 22.4% |
| Fixed assets21/28 | €939 | €22,309 | €12,800 | €3,760 | €26,411 | ▲ 602% |
| Tangible fixed assets22/27 | €939 | €22,309 | €12,800 | €3,760 | €26,411 | ▲ 602% |
| Furniture and vehicles24 | €939 | €22,309 | €12,800 | €3,760 | €26,411 | ▲ 602% |
| Current assets29/58 | €84,343 | €106,951 | €149,786 | €524,092 | €619,568 | ▲ 18.2% |
| Stocks and contracts in progress3 | - | - | - | - | €74,928 | - |
| Stocks30/36 | - | - | - | - | €74,928 | - |
| Amounts receivable within one year40/41 | €54,062 | €93,865 | €149,786 | €512,659 | €537,573 | ▲ 4.9% |
| Trade receivables40 | €52,399 | €75,864 | €138,141 | €498,325 | €514,499 | ▲ 3.2% |
| Other amounts receivable41 | €1,662 | €18,001 | €11,645 | €14,334 | €23,075 | ▲ 61.0% |
| Cash at bank and in hand54/58 | €30,281 | €13,086 | - | €11,433 | €6,971 | ▼ 39.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €95 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85,282 | €129,260 | €162,586 | €527,852 | €645,979 | ▲ 22.4% |
| Equity10/15 | €41,952 | €55,925 | €106,192 | €182,056 | €213,723 | ▲ 17.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €8,060 | ▲ 30.0% |
| Reserves13 | €1,860 | €1,860 | €99,992 | €174,992 | €203,132 | ▲ 16.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | €98,132 | €173,132 | €203,132 | ▲ 17.3% |
| Profit (loss) carried forward14 | €33,892 | €47,865 | - | €864 | €2,531 | ▲ 193% |
| Amounts payable17/49 | €43,330 | €73,335 | €56,395 | €345,796 | €432,256 | ▲ 25.0% |
| Amounts payable after more than one year17 | €8,419 | €4,738 | - | €115 | €73,239 | ▲ 63,470% |
| Financial debts170/4 | €8,419 | €4,738 | - | €115 | €73,239 | ▲ 63,470% |
| Amounts payable within one year42/48 | €34,911 | €68,597 | €56,395 | €345,681 | €357,809 | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | €3,649 | €3,681 | €4,738 | €125,673 | €146,074 | ▲ 16.2% |
| Financial debts43 | - | €12,000 | €12,616 | €15,000 | €15,000 | = |
| Credit institutions430/8 | - | €12,000 | €12,616 | €15,000 | €15,000 | = |
| Trade debts44 | €5,371 | €9,159 | €88 | €896 | - | - |
| Suppliers440/4 | €5,371 | €9,159 | €88 | €896 | - | - |
| Taxes, remuneration and social security45 | €22,654 | €33,677 | €38,927 | €101,615 | €126,821 | ▲ 24.8% |
| Taxes450/3 | €15,644 | €29,124 | €25,772 | €48,367 | €46,211 | ▼ 4.5% |
| Remuneration and social security454/9 | €7,009 | €4,553 | €13,155 | €53,247 | €80,610 | ▲ 51.4% |
| Other amounts payable47/48 | €3,238 | €10,081 | €27 | €102,497 | €69,914 | ▼ 31.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,209 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,980 | €25,473 | €50,267 | €75,864 | €31,667 | ▼ 58.3% |
| + Depreciation and write-downs630 | €472 | €5,750 | €9,509 | €9,040 | €7,744 | ▼ 14.3% |
| Operating cash flow (approximation) | €33,452 | €31,223 | €59,776 | €84,904 | €39,411 | ▼ 53.6% |
| Investment in fixed assets (approximation) | - | -€27,120 | €0 | €0 | -€30,394 | - |
| Change in cash | - | -€17,195 | - | - | -€4,462 | - |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Equity above €200,000Eq €213,723 ▲17.4%
7 profitable years in a row build equity to €213,723.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €75,864 ▲50.9%
Operating result €137,073, net result €75,864, both a record.
31-12
Financial
Equity above €150,000Eq €182,056 ▲71.4%
6 profitable years in a row build equity to €182,056.
23-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €106,192 ▲89.9%
5 profitable years in a row build equity to €106,192.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €566 ▼74.3%
Net result drops to €566, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Genk · 1 establishment unit since 2019
Ground area
282 m²
Building footprint
217 m²
Volume, LiDAR
1,152 m³
Parcel 71308A0893/00K002, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
DRS Solutions
since 20192.288.796.459
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71308A0893/00K002 | Flanders | 282 m² | 1 · 217 m² | 10.6 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 · 901 EUR awarded · 901 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 901 EUR | 901 EUR |
Recognitions · licences · registrations
Recognised contractor
5 categoriesDERSIM BV41075
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Of 1,823 companies in sector 42220 we hold annual accounts for 957. 680 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
Founded05-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
25110Manufacture of metal structures and parts of structures
33120Repair and maintenance of machinery
42219Civil engineering
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0724622266
Also
9925:BE0724622266
Registered
17-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.