DS COM
ActiveSummary
The annual accounts of DS COM for fiscal year 2025 show a net loss of 1,236% of the equity at the start of that year. The 2025 annual accounts show equity of €407,770 and a net result of -€116,730. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 45% of 9294 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-2
Solvency51▲+25
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.07 against 23.11 in 2024; short-term debt: 41.4% and cash: 2.7% of total assets), and 74% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €407,770
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 10 filingsDeviation from the deadline
2025
6 d late
2024
24 d early
2023
28 d early
2022
21 d early
2021
72 d early
2020
39 d early
2019
25 d late
← 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 22 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€407,770▲ 4,218%
2024 · €9,443
Total assets
€1.6m▼ 5.9%
2024 · €1.7m
Net result
-€116,730▲ 5.0%
2024 · -€122,882
Working capital
-€604,052
2024 · €193,896
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
Line20212022202320242025
Operating result€56,820▲ 220%-€61,750-€20,964▲ 66.1%-€64,136▼ 206%-€88,234▼ 37.6%
Net result€48,656▲ 246%-€62,602-€22,024▲ 64.8%-€122,882▼ 458%-€116,730▲ 5.0%
Equity€216,952▲ 28.9%€154,350▼ 28.9%€132,326▼ 14.3%€9,443▼ 92.9%€407,770▲ 4,218%
Total assets€786,569▼ 3.0%€603,633▼ 23.3%€664,026▲ 10.0%€1.7m▲ 151%€1.6m▼ 5.9%
Debt€569,617▼ 11.3%€449,284▼ 21.1%€531,700▲ 18.3%€1.7m▲ 212%€1.2m▼ 29.9%
Working capital€729,544▼ 3.8%-€86,700-€135,751▼ 56.6%€193,896-€604,052
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Equity +4,218% on 2024. Cause not known from the registers.
- 2024 Net result -458%, Equity -93%, Total assets +151% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €88,234 in 2025 against €64,136 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.5m ▲ 4.1%
Current assets
€44,612 ▼ 78.0%
Equity and liabilities €1.6m
Equity
€407,770 ▲ 4,218%
Debt
€1.2m ▼ 29.9%
Debt's share of the balance-sheet total falls from 99.4% to 74.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€41,468▼
2024 · €7,950
Cash flow
-€69,964▼
2024 · -€50,796
Current ratio
0.07▼
2024 · 23.11
Debt to equity
2.85
ROE
-28.6%
ROA
-7.4%▼
2024 · -7.4%
Interest coverage
-1.48▼
2024 · 0.14
Debt ≤ 1 year
€648,664▲
2024 · €8,769
Debt > 1 year
€511,900▼
2024 · €1.6m
Income taxes
€392▲
2024 · €160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,501 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €4,481 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €51,976 | €2,973 | €72,086 | €46,766 | ▼ 35.1% |
| Other operating charges640/8 | €619 | €277 | €152 | €4,525 | €10,195 | ▲ 125% |
| Gross operating margin9900 | €57,439 | -€9,497 | -€17,840 | €12,475 | -€31,273 | ▼ 351% |
| Operating profit (loss)9901 | €56,820 | -€61,750 | -€20,964 | -€64,136 | -€88,234 | ▼ 37.6% |
| Financial income75/76B | €147 | €0 | €0 | - | - | - |
| Recurring financial income75 | €147 | €0 | €0 | - | - | - |
| Financial charges65/66B | €3,225 | €740 | €929 | €58,586 | €28,104 | ▼ 52.0% |
| Recurring financial charges65 | €3,225 | €740 | €929 | €58,586 | €28,104 | ▼ 52.0% |
| Profit (loss) for the period before taxes9903 | €53,741 | -€62,490 | -€21,892 | -€122,722 | -€116,338 | ▲ 5.2% |
| Income taxes67/77 | €5,085 | €112 | €132 | €160 | €392 | ▲ 145% |
| Profit (loss) for the period9904 | €48,656 | -€62,602 | -€22,024 | -€122,882 | -€116,730 | ▲ 5.0% |
| Profit (loss) for the period to be appropriated9905 | €48,656 | -€62,602 | -€22,024 | -€122,882 | -€116,730 | ▲ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €786,569 | €603,633 | €664,026 | €1.7m | €1.6m | ▼ 5.9% |
| Fixed assets21/28 | - | €415,049 | €412,077 | €1.5m | €1.5m | ▲ 4.1% |
| Tangible fixed assets22/27 | - | €415,049 | €412,077 | €1.5m | €1.5m | ▲ 4.1% |
| Land and buildings22 | - | €7,120 | €7,000 | €1.1m | €1.0m | ▼ 2.2% |
| Furniture and vehicles24 | - | €12,793 | €9,941 | €7,088 | €90,770 | ▲ 1,181% |
| Other tangible fixed assets26 | - | €395,136 | €395,136 | €395,136 | €395,136 | = |
| Current assets29/58 | €786,569 | €188,584 | €251,949 | €202,665 | €44,612 | ▼ 78.0% |
| Stocks and contracts in progress3 | €114,882 | €114,882 | €114,882 | - | - | - |
| Stocks30/36 | €114,882 | €114,882 | €114,882 | - | - | - |
| Amounts receivable within one year40/41 | €41,006 | €68,712 | €126,606 | €6,188 | €820 | ▼ 86.7% |
| Trade receivables40 | €41,006 | €1,618 | €72,000 | €333 | €735 | ▲ 120% |
| Other amounts receivable41 | - | €67,094 | €54,606 | €5,854 | €86 | ▼ 98.5% |
| Cash at bank and in hand54/58 | €629,519 | €3,719 | €9,616 | €195,057 | €42,332 | ▼ 78.3% |
| Deferred charges and accrued income490/1 | €1,162 | €1,271 | €846 | €1,420 | €1,459 | ▲ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €786,569 | €603,633 | €664,026 | €1.7m | €1.6m | ▼ 5.9% |
| Equity10/15 | €216,952 | €154,350 | €132,326 | €9,443 | €407,770 | ▲ 4,218% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €687,400 | ▲ 244% |
| Capital10 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Issued capital100 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Outside capital11 | - | - | - | - | €487,400 | - |
| Other1109/19 | - | - | - | - | €487,400 | - |
| Reserves13 | €68,656 | €68,656 | €68,656 | €68,656 | €125,043 | ▲ 82.1% |
| Non-distributable reserves130/1 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Legal reserve130 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Distributable reserves133 | €48,656 | €48,656 | €48,656 | €48,656 | €105,043 | ▲ 116% |
| Profit (loss) carried forward14 | -€51,705 | -€114,307 | -€136,331 | -€259,213 | -€404,673 | ▼ 56.1% |
| Amounts payable17/49 | €569,617 | €449,284 | €531,700 | €1.7m | €1.2m | ▼ 29.9% |
| Amounts payable after more than one year17 | €512,593 | €174,000 | €144,000 | €1.6m | €511,900 | ▼ 68.9% |
| Financial debts170/4 | €512,593 | €174,000 | €144,000 | €1.6m | €511,900 | ▼ 68.9% |
| Amounts payable within one year42/48 | €57,024 | €275,284 | €387,700 | €8,769 | €648,664 | ▲ 7,297% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €640,366 | - |
| Trade debts44 | €4,497 | €4,403 | €2,697 | €6,916 | €6,472 | ▼ 6.4% |
| Suppliers440/4 | €4,497 | €4,403 | €2,697 | €6,916 | €6,472 | ▼ 6.4% |
| Taxes, remuneration and social security45 | €4,009 | €6,277 | €1,207 | - | €392 | - |
| Taxes450/3 | €4,009 | €6,277 | €1,207 | - | €392 | - |
| Other amounts payable47/48 | €48,518 | €264,603 | €383,796 | €1,853 | €1,434 | ▼ 22.6% |
| Accrued charges and deferred income492/3 | - | - | - | €2,962 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,656 | -€62,602 | -€22,024 | -€122,882 | -€116,730 | ▲ 5.0% |
| + Depreciation and write-downs630 | - | €51,976 | €2,973 | €72,086 | €46,766 | ▼ 35.1% |
| Operating cash flow (approximation) | €48,656 | -€10,626 | -€19,051 | -€50,796 | -€69,964 | ▼ 37.7% |
| Investment in fixed assets (approximation) | - | - | €0 | -€1.1m | -€107,013 | ▲ 90.5% |
| Change in cash | - | -€625,800 | €5,897 | €185,441 | -€152,724 | ▼ 182% |
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
10-02
State Gazette act
Capital & shares · RestructuringMerger · Dissolution · Capital increase10 facts ▸
State Gazette act
Capital & shares · Restructuring
Merger · Dissolution · Capital increase10 facts ▸
- General meeting, 28-01-2026
- Merger, absorption, 28-01-2026
- Dissolution, 28-01-2026
- Capital increase, €487.400
- Accounting effect, 01-07-2025
- Power of attorney, VAN VALCKENBORGH Frédéric
- Power of attorney, DEVROEY Dennis
- Power of attorney, NORGAY ACCOUNTANTS
- Share structure, aandelen op naam met stemrecht, 100
- Asset transfer, no real estate or real property rights in transferred assets
2025
31-12
Financial
Equity above €200,000Eq €407,770 ▲4,218%
Equity rises from €9,443 to €407,770.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€122,882
Net result drops to -€122,882, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 36current ratio 23.11
Current ratio from 0.65 to 23.11; short-term debt falls from €387,700 to €8,769.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €48,656 ▲246%
Net result €48,656, the highest in the series.
31-12
Financial
Equity above €200,000Eq €216,952 ▲28.9%
2 profitable years in a row build equity to €216,952.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial
Back to profitnet €14,054
Net result €14,054 after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 8.44
Current ratio from 3.10 to 8.44; short-term debt falls from €263,398 to €86,552.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vilvoorde · 1 establishment unit since 1997
Ground area
98 m²
Building footprint
77 m²
Volume, LiDAR
411 m³
Parcel 23644H0013/00T002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FLAVORI
since 19972.084.249.787
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23644H0013/00T002 | Flanders | 98 m² | 1 · 77 m² | 8.8 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.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:ORO-VITA
Capital and shareholders
Capital over the years
- 10-02-2026 Capital increase of 487,400 EUR · to 687,400 EUR · no new shares
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 5,053 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-11-1997
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461863322
Also
9925:BE0461863322
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.