DS Consultancy
ActiveSummary
DS Consultancy has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €557,954 and a net result of €143,100. Equity is shrinking by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 9559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+6
Solvency65▲+11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 2.95 against 1.57 in 2024; short-term debt: 9.2% and cash: 8.4% of total assets), but 60% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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 · 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
40%
Return on assets
10.3%
Age of the figures
9 mo
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 €557,954
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
38 d early
2023
35 d early
2022
30 d late
2021
22 d late
2020
26 d late
2019
26 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 1 day after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 22 August (4 of the last 5 filed years within 56 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€557,954▲ 34.5%
2024 · €414,855
Total assets
€1.4m▼ 1.4%
2024 · €1.4m
Net result
€143,100▲ 69.5%
2024 · €84,414
Working capital
€249,658▲ 52.8%
2024 · €163,437
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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€34,190▼ 1.3%€18,431▼ 46.1%€141,623▲ 668%€141,572=€226,194▲ 59.8%
Net result€13,181within the sector's middle half▼ 7.7%€2,580within the sector's middle half▼ 80.4%€97,614above the sector's middle half▲ 3,683%€84,414above the sector's middle half▼ 13.5%€143,100above the sector's middle half▲ 69.5%
Equity€486,247above the sector's middle half▼ 14.6%€407,327above the sector's middle half▼ 16.2%€406,441above the sector's middle half▼ 0.2%€414,855above the sector's middle half▲ 2.1%€557,954above the sector's middle half▲ 34.5%
Total assets€1.2mabove the sector's middle half▼ 6.5%€1.1mabove the sector's middle half▼ 6.3%€1.4mabove the sector's middle half▲ 28.0%€1.4mabove the sector's middle half▲ 1.2%€1.4mabove the sector's middle half▼ 1.4%
Debt€680,207▲ 0.3%€685,408▲ 0.8%€984,958▲ 43.7%€994,700▲ 1.0%€833,678▼ 16.2%
Working capital€323,986above the sector's middle half▲ 35.1%€349,043above the sector's middle half▲ 7.7%€125,897above the sector's middle half▼ 63.9%€163,437above the sector's middle half▲ 29.8%€249,658above the sector's middle half▲ 52.8%
Solvency41.7%within the sector's middle half▼ 3.9pp37.3%within the sector's middle half▼ 4.4pp29.1%within the sector's middle half▼ 8.2pp29.3%within the sector's middle half▲ 0.3pp40.0%within the sector's middle half▲ 10.7pp
Current ratio2.58within the sector's middle half▲ 0.802.96within the sector's middle half▲ 0.381.42within the sector's middle half▼ 1.541.57within the sector's middle half▲ 0.162.95within the sector's middle half▲ 1.38
Return on assets (ROA)1.1%below the sector's middle half=0.2%below the sector's middle half▼ 0.9pp7.0%within the sector's middle half▲ 6.7pp6.0%within the sector's middle half▼ 1.0pp10.3%within the sector's middle half▲ 4.3pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 recovers in 2025; 2025 is 60% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.0m ▲ 5.5%
Current assets
€377,569 ▼ 16.1%
Equity and liabilities €1.4m
Equity
€557,954 ▲ 34.5%
Provisions
€4,060 ▼ 27.7%
Debt
€833,678 ▼ 16.2%
Debt's share of the balance-sheet total falls from 70.3% to 59.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€335,841▲
2024 · €243,957
Cash flow
€252,746▲
2024 · €186,799
Quick ratio
2.93▲
2024 · 1.54
Debt to equity
1.49▼
2024 · 2.40
ROE
25.6%▲
2024 · 20.3%
Interest coverage
15.27▲
2024 · 9.74
Debt ≤ 1 year
€127,911▼
2024 · €286,368
Debt > 1 year
€689,158▼
2024 · €708,333
Income taxes
€64,623▲
2024 · €35,146
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 20,134 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 | €19,600 | - | €44,965 | - | €15,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €160,960 | €118,081 | €108,814 | €102,385 | €109,646 | ▲ 7.1% |
| Other operating charges640/8 | €6,667 | €7,188 | €6,199 | €8,922 | €8,920 | = |
| Gross operating margin9900 | €201,817 | €143,700 | €256,636 | €252,879 | €344,761 | ▲ 36.3% |
| Operating profit (loss)9901 | €34,190 | €18,431 | €141,623 | €141,572 | €226,194 | ▲ 59.8% |
| Financial income75/76B | €70 | €954 | €4,916 | €1,464 | €1,965 | ▲ 34.2% |
| Recurring financial income75 | €70 | €954 | €4,916 | €1,464 | €1,965 | ▲ 34.2% |
| Financial charges65/66B | €9,094 | €7,618 | €14,622 | €25,034 | €21,995 | ▼ 12.1% |
| Recurring financial charges65 | €9,094 | €7,618 | €14,622 | €25,034 | €21,995 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €25,166 | €11,767 | €131,918 | €118,001 | €206,164 | ▲ 74.7% |
| Transfer from deferred taxes780 | €280 | €280 | €615 | €1,558 | €1,558 | = |
| Transfer to deferred taxes680 | - | - | €7,792 | - | - | - |
| Income taxes67/77 | €12,265 | €9,467 | €27,127 | €35,146 | €64,623 | ▲ 83.9% |
| Profit (loss) for the period9904 | €13,181 | €2,580 | €97,614 | €84,414 | €143,100 | ▲ 69.5% |
| Transfer from tax-exempt reserves789 | €70,178 | €72,320 | €2,461 | €6,234 | €6,234 | = |
| Transfer to tax-exempt reserves689 | - | - | €31,168 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €83,359 | €74,900 | €68,906 | €90,648 | €149,333 | ▲ 64.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.1m | €1.4m | €1.4m | €1.4m | ▼ 1.4% |
| Fixed assets21/28 | €637,289 | €565,610 | €969,461 | €965,369 | €1.0m | ▲ 5.5% |
| Intangible fixed assets21 | €9,345 | €5,129 | €1,065 | - | €3,573 | - |
| Tangible fixed assets22/27 | €627,944 | €560,482 | €968,397 | €965,369 | €1.0m | ▲ 5.1% |
| Land and buildings22 | €465,796 | €433,975 | €746,953 | €702,061 | €660,936 | ▼ 5.9% |
| Plant, machinery and equipment23 | €52,797 | €10,649 | €115,910 | €177,717 | €194,010 | ▲ 9.2% |
| Furniture and vehicles24 | €78,407 | €51,504 | €35,141 | €18,977 | €5,551 | ▼ 70.7% |
| Other tangible fixed assets26 | €30,944 | €64,353 | €70,392 | €66,614 | €154,053 | ▲ 131% |
| Current assets29/58 | €529,445 | €527,125 | €429,114 | €449,805 | €377,569 | ▼ 16.1% |
| Stocks and contracts in progress3 | €4,500 | €4,500 | €4,000 | €8,755 | €2,760 | ▼ 68.5% |
| Stocks30/36 | €4,500 | €4,500 | €4,000 | €3,650 | €2,760 | ▼ 24.4% |
| Contracts in progress37 | - | - | - | €5,105 | - | - |
| Amounts receivable within one year40/41 | €107,185 | €219,717 | €153,914 | €158,999 | €112,839 | ▼ 29.0% |
| Trade receivables40 | €83,939 | €209,350 | €153,100 | €156,507 | €112,620 | ▼ 28.0% |
| Other amounts receivable41 | €23,245 | €10,366 | €814 | €2,492 | €218 | ▼ 91.2% |
| Current investments50/53 | - | €122,209 | €106,398 | €118,342 | €129,668 | ▲ 9.6% |
| Cash at bank and in hand54/58 | €395,370 | €159,927 | €161,187 | €159,669 | €117,928 | ▼ 26.1% |
| Deferred charges and accrued income490/1 | €22,390 | €20,772 | €3,615 | €4,040 | €14,375 | ▲ 256% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.4m | €1.4m | €1.4m | ▼ 1.4% |
| Equity10/15 | €486,247 | €407,327 | €406,441 | €414,855 | €557,954 | ▲ 34.5% |
| Contributions10/11 | €6,200 | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Reserves13 | €475,680 | €394,500 | €393,207 | €401,474 | €544,240 | ▲ 35.6% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Tax-exempt reserves132 | €72,320 | - | €28,707 | €22,474 | €16,240 | ▼ 27.7% |
| Distributable reserves133 | €401,500 | €394,500 | €364,500 | €379,000 | €528,000 | ▲ 39.3% |
| Profit (loss) carried forward14 | €4,367 | €4,767 | €5,173 | €5,321 | €5,654 | ▲ 6.3% |
| Provisions and deferred taxes16 | €280 | - | €7,177 | €5,618 | €4,060 | ▼ 27.7% |
| Deferred taxes168 | €280 | - | €7,177 | €5,618 | €4,060 | ▼ 27.7% |
| Amounts payable17/49 | €680,207 | €685,408 | €984,958 | €994,700 | €833,678 | ▼ 16.2% |
| Amounts payable after more than one year17 | €474,749 | €507,326 | €681,741 | €708,333 | €689,158 | ▼ 2.7% |
| Financial debts170/4 | €349,749 | €282,326 | €491,741 | €448,333 | €374,158 | ▼ 16.5% |
| Other amounts payable178/9 | €125,000 | €225,000 | €190,000 | €260,000 | €315,000 | ▲ 21.2% |
| Amounts payable within one year42/48 | €205,458 | €178,082 | €303,217 | €286,368 | €127,911 | ▼ 55.3% |
| Current portion of amounts payable after more than one year42 | €80,158 | €67,578 | €70,295 | €81,764 | €74,174 | ▼ 9.3% |
| Trade debts44 | €4,143 | €19,843 | €82 | €57,680 | €3,173 | ▼ 94.5% |
| Suppliers440/4 | €4,143 | €19,843 | €82 | €57,680 | €3,173 | ▼ 94.5% |
| Advances received on contracts in progress46 | - | - | €100,523 | €41,736 | €3,025 | ▼ 92.8% |
| Taxes, remuneration and social security45 | €25,131 | €7,234 | €27,194 | €28,291 | €47,039 | ▲ 66.3% |
| Taxes450/3 | €25,131 | €7,234 | €27,194 | €28,291 | €47,039 | ▲ 66.3% |
| Other amounts payable47/48 | €96,027 | €83,427 | €105,123 | €76,898 | €499 | ▼ 99.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €16,609 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,181 | €2,580 | €97,614 | €84,414 | €143,100 | ▲ 69.5% |
| + Depreciation and write-downs630 | €160,960 | €118,081 | €108,814 | €102,385 | €109,646 | ▲ 7.1% |
| Operating cash flow (approximation) | €174,141 | €120,661 | €206,427 | €186,799 | €252,746 | ▲ 35.3% |
| Investment in fixed assets (approximation) | - | -€46,402 | -€512,665 | -€98,292 | -€162,401 | ▼ 65.2% |
| Change in cash | - | -€235,443 | €1,259 | -€1,518 | -€41,741 | ▼ 2,650% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Equity above €500,000Eq €557,954 ▲34.5%
8 profitable years in a row build equity to €557,954.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €2,580 ▼80.4%
Net result drops to €2,580, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Ninove · 1 establishment unit since 2006
Ground area
1,633 m²
Building footprint
223 m²
Volume, LiDAR
1,263 m³
Parcel 41055A1115/00D000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DS Consultancy
since 20062.152.533.829
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41055A1115/00D000 | Flanders | 1,633 m² | 1 · 223 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 930 EUR awarded · 930 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 930 EUR | 930 EUR |
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 4,292 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
Founded20-03-2006
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0880075555
Also
9925:BE0880075555
Registered
19-02-2024
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.