DS
Open bankruptcyA bankruptcy procedure is open for DS according to publications in the Belgian State Gazette; curator: GERT RYDANT.
Summary
The 2021 annual accounts show negative equity (-€101,945) and a net result of -€22,518.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 16 December 2025
- Supervising judge
- Henk Vanthuyne
- Official Gazette
- 22-12-2025 (pdf) ↗search the document for 2025/153312
Deadlines
- Provisional date payments stopped
- 16 December 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 6 January 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 15 January 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 20 January 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 16 December 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Gert RydantBrusselsesteenweg 691, 9050 Gent- Bruggegert.rydant@rylex.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 12-09-2022, 43 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
43 d late
2020
89 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 54 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
-€101,945▼ 28.4%
2020 · -€79,427
Total assets
€366,180▲ 83.4%
2020 · €199,626
Net result
-€22,518
2020 · €6,256
Working capital
-€90,021▲ 34.6%
2020 · -€137,647
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
Line2018201920202021
Operating result-€16,295-€611€6,487▲ 961%-€20,406
Net result-€16,435--€511▲ 96.9%€6,256-€22,518
Equity-€85,172--€85,683▼ 0.6%-€79,427▲ 7.3%-€101,945▼ 28.4%
Total assets€47,791-€101,858▲ 113%€199,626▲ 96.0%€366,180▲ 83.4%
Debt€132,964-€187,542▲ 41.0%€279,054▲ 48.8%€468,126▲ 67.8%
Working capital-€123,724--€127,842▼ 3.3%-€137,647▼ 7.7%-€90,021▲ 34.6%
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 2021: a loss of €20,406 after €6,487 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €366,180
Fixed assets
€108,132 ▲ 26.9%
Current assets
€258,048 ▲ 125%
Key figures and ratios
EBITDA
-€1,636▼
2020 · €19,468
Cash flow
-€3,748▼
2020 · €19,237
Solvency
-27.8%▲
2020 · -39.8%
Current ratio
0.74▲
2020 · 0.45
Quick ratio
0.43▲
2020 · 0.30
Debt to equity
-4.59▼
2020 · -0.34
ROA
-6.1%▼
2020 · 3.1%
Interest coverage
-0.62
Debt ≤ 1 year
€348,069▲
2020 · €252,094
Debt > 1 year
€120,057▲
2020 · €26,960
Staff costs
€1,342
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,342 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,104 | €11,147 | €12,981 | €18,770 | ▲ 44.6% |
| Other operating charges640/8 | - | - | - | €6,589 | - |
| Gross operating margin9900 | -€5,841 | €17,522 | €21,895 | €6,296 | ▼ 71.2% |
| Operating profit (loss)9901 | -€16,295 | €611 | €6,487 | -€20,406 | ▼ 415% |
| Financial income75/76B | - | - | - | €56,477 | - |
| Recurring financial income75 | €8 | €0 | - | €547 | - |
| Non-recurring financial income76B | - | - | - | €55,930 | - |
| Financial charges65/66B | - | - | - | €58,589 | - |
| Recurring financial charges65 | €148 | €809 | - | €2,659 | - |
| Non-recurring financial charges66B | - | - | - | €55,930 | - |
| Profit (loss) for the period before taxes9903 | -€16,435 | -€197 | €6,256 | -€22,518 | ▼ 460% |
| Income taxes67/77 | - | €313 | - | - | - |
| Profit (loss) for the period9904 | -€16,435 | -€511 | €6,256 | -€22,518 | ▼ 460% |
| Profit (loss) for the period to be appropriated9905 | -€16,435 | -€511 | €6,256 | -€22,518 | ▼ 460% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €47,791 | €101,858 | €199,626 | €366,180 | ▲ 83.4% |
| Fixed assets21/28 | €38,552 | €42,159 | €85,180 | €108,132 | ▲ 26.9% |
| Tangible fixed assets22/27 | €38,552 | €42,159 | €74,140 | €95,342 | ▲ 28.6% |
| Plant, machinery and equipment23 | - | - | - | €20,258 | - |
| Furniture and vehicles24 | - | - | - | €54,276 | - |
| Other tangible fixed assets26 | - | - | - | €20,808 | - |
| Financial fixed assets28 | - | - | €11,040 | €12,790 | ▲ 15.9% |
| Current assets29/58 | €9,240 | €59,700 | €114,447 | €258,048 | ▲ 125% |
| Stocks and contracts in progress3 | - | - | €39,931 | €107,451 | ▲ 169% |
| Stocks30/36 | - | - | - | €107,451 | - |
| Amounts receivable within one year40/41 | €9,040 | €54,757 | €58,167 | €135,040 | ▲ 132% |
| Trade receivables40 | - | - | - | €135,015 | - |
| Other amounts receivable41 | - | - | - | €25 | - |
| Cash at bank and in hand54/58 | €200 | €814 | €15,718 | €15,306 | ▼ 2.6% |
| Deferred charges and accrued income490/1 | - | - | - | €251 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €47,791 | €101,858 | €199,626 | €366,180 | ▲ 83.4% |
| Equity10/15 | -€85,172 | -€85,683 | -€79,427 | -€101,945 | ▼ 28.4% |
| Contributions10/11 | €25,000 | €25,000 | - | €25,000 | - |
| Profit (loss) carried forward14 | -€110,172 | -€110,683 | -€104,427 | -€126,945 | ▼ 21.6% |
| Amounts payable17/49 | €132,964 | €187,542 | €279,054 | €468,126 | ▲ 67.8% |
| Amounts payable after more than one year17 | - | - | €26,960 | €120,057 | ▲ 345% |
| Financial debts170/4 | - | - | - | €120,057 | - |
| Amounts payable within one year42/48 | €132,964 | €187,542 | €252,094 | €348,069 | ▲ 38.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,903 | - |
| Trade debts44 | €5,391 | €44,960 | €11,560 | €11,499 | ▼ 0.5% |
| Suppliers440/4 | - | - | - | €11,499 | - |
| Taxes, remuneration and social security45 | - | - | - | €13,569 | - |
| Taxes450/3 | - | - | - | €13,569 | - |
| Other amounts payable47/48 | - | - | - | €316,098 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,435 | -€511 | €6,256 | -€22,518 | ▼ 460% |
| + Depreciation and write-downs630 | €9,104 | €11,147 | €12,981 | €18,770 | ▲ 44.6% |
| Operating cash flow (approximation) | -€7,331 | €10,636 | €19,237 | -€3,748 | ▼ 119% |
| Investment in fixed assets (approximation) | - | -€14,754 | -€56,002 | -€41,723 | ▲ 25.5% |
| Change in cash | - | €615 | €14,904 | -€412 | ▼ 103% |
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
2025
22-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 16-12-2025
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
31-12
Financial
Weakest financial yearnet -€22,518
Net result drops to -€22,518, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Back to profitnet €6,256
Net result €6,256 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
10-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 10 days late
2014
28-11
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 120 days late
2013
27-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 58 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Destelbergen · 2 establishment units since 1986
Ground area
2,268 m²
Building footprint
920 m²
Volume, LiDAR
4,825 m³
2 parcels, Flanders · tallest building 12.3 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Defielé
since 19862.036.464.916
D&S Elektro
since 20202.306.637.729
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013B0299/00S010 | Flanders | 1,828 m² | 1 · 708 m² | 12.3 m · 1 fl. |
| 44008B0136/00E002 | Flanders | 439 m² | 1 · 212 m² | 11.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GERT RYDANT BRUSSELSESTEENWEG 691, 9050 GENT-
BRUGGE |
16-12-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company
Founded06-09-1986
Fiscal year end31-12
Contact
E-mail
steven@stedhoworks.be
Phone
+32470338300
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.