DS-ENGINEERING

Active Public limited companyfounded 1981active for 44 yearsDesguinlei 200, 2018 AntwerpKBO/BCE: BE 0422.211.997 subsidiary of Huis Gunzburg

DS-ENGINEERING

Financial year 2025

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Annual accounts 2025

micro format, filed on 03-03-2026, 58 days before the deadline

-€67,330

▼ €17,911

-€74,657

▼ €14,468

-€71,194

▼ €17,725

-€75,815

▼ €16,242

-606.2%

▼ 380.6 percentage points

0.14

▼ 0.15

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.

Money flows

no detail for 2025

Balance sheet

balance sheet total €121,792 on 30-09-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

-606.2%

Lower than 95% of 11,794 companies in 2025.

0.14

Lower than 95% of 11,521 companies in 2025.

-65.1%

Lower than 95% of 11,605 companies in 2025.

DS-ENGINEERING Middle half of the sector 80% of the sector Micro accounts in architecture and engineering (NACE 71)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	121,792	292,186	561,007	1.7m	1.4m	1.5m	1.2m	1.2m	1.1m	1.3m	1.5m	1.3m	1.2m	957,274	1.0m	1.2m	1.1m	1.2m	1.3m
`20`	-	-	-	-	-	-	0	0	24,000	52,304	86,264	120,222	17,214	0	0	12,004	24,008	36,012	48,017
`21/28`	465	16,621	7,594	70,425	100,926	25,717	42,326	55,879	67,716	96,204	189,557	244,887	194,087	143,934	174,593	263,955	344,270	389,185	372,256
`21`	465	3,929	7,408	56,416	81,772	825	3,821	6,818	3,982	5,035	2,887	3,300	3,713	1,048	2,972	4,895	6,819	4,348	16,781
`22/27`	-	12,692	186	10,421	15,567	21,304	34,917	45,473	60,146	35,278	96,818	117,777	169,572	139,298	168,034	243,469	309,856	345,238	303,871
`22`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`23`	-	-	0	1,153	2,305	10,508	18,710	23,652	31,202	573	1,146	1,718	5,205	5,996	9,078	12,161	15,244	18,326	21,409
`24`	-	12,692	186	3,055	4,976	440	3,778	7,322	12,373	16,062	95,673	115,652	140,067	72,702	62,086	98,169	125,203	121,233	40,514
`26`	-	-	0	6,214	8,286	10,357	12,428	14,500	16,571	18,643	0	407	24,300	60,600	96,870	133,139	169,409	205,679	241,948
`27`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`28`	-	-	0	3,587	3,587	3,587	3,587	3,587	3,587	3,587	3,587	3,587	3,588	3,587	3,587	3,587	3,587	3,587	3,587
`29/58`	121,327	275,565	553,413	1.6m	1.3m	1.5m	1.2m	1.2m	1.0m	1.2m	1.3m	1.0m	965,014	813,340	852,644	895,643	773,532	844,146	887,028
`29`	-	-	-	-	-	-	0	-	-	-	-	0	-	0	0	-	-	-	-
`290`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`291`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`3`	79,000	114,757	106,529	997,759	730,334	762,943	605,583	625,583	490,674	372,605	341,431	292,091	227,903	126,626	0	-	-	-	-
`30/36`	-	-	-	-	-	-	0	625,583	490,674	372,605	341,431	292,091	227,903	126,626	0	-	-	-	-
`37`	79,000	114,757	106,529	997,759	730,334	762,943	605,583	0	0	0	0	0	-	0	0	-	-	-	-
`40/41`	37,644	100,688	330,069	602,151	583,398	650,706	543,865	517,018	467,904	645,302	856,714	678,831	507,460	619,359	548,323	646,178	522,657	558,796	625,531
`40`	36,671	100,688	327,016	553,763	578,888	595,800	511,874	425,486	453,474	519,867	683,940	525,668	448,563	468,719	488,867	538,850	414,937	497,282	566,504
`41`	972	-	3,053	48,388	4,510	54,906	31,992	91,531	14,431	125,435	172,774	153,162	58,897	150,640	59,457	107,328	107,720	61,514	59,027
`50/53`	-	-	7	7	7	7	31	31	31	92	19,710	19,710	19,710	19,710	81,447	81,447	131,447	111,746	111,746
`54/58`	1,212	60,120	116,808	11,315	6,169	43,238	34,056	8,176	39,328	49,163	67,467	1,639	209,941	47,645	197,874	168,018	119,428	173,604	106,453
`490/1`	3,471	-	0	4,853	3,671	0	3,570	39,748	50,555	122,672	28,744	50,425	-	0	25,000	-	-	-	43,298
Balance sheet: equity and liabilities
`10/49`	121,792	292,186	561,007	1.7m	1.4m	1.5m	1.2m	1.2m	1.1m	1.3m	1.5m	1.3m	1.2m	957,274	1.0m	1.2m	1.1m	1.2m	1.3m
`10/15`	-738,250	-658,971	-592,679	376,802	373,498	422,890	394,076	390,473	383,915	345,325	384,134	356,418	373,165	346,378	486,637	534,654	501,657	478,913	457,448
`10/11`	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	309,867	309,867	309,867	309,867	309,867	309,867
`10`	310,000	310,000	310,000	310,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	309,867	309,867	309,867	309,867	309,867	309,867
`101`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`11`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`1100/10`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`12`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`13`	31,000	31,000	66,802	66,802	63,498	112,890	84,076	80,473	73,915	35,325	74,134	46,418	60,866	30,987	30,987	30,987	30,987	30,987	30,987
`130/1`	31,000	31,000	31,000	31,000	31,000	-	0	-	-	-	-	0	-	0	0	-	-	-	-
`130`	31,000	31,000	31,000	31,000	31,000	31,000	31,000	31,000	31,000	31,000	31,000	31,000	31,000	30,987	30,987	30,987	30,987	30,987	30,987
`1312`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`1319`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`132`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`133`	-	-	35,802	35,802	32,498	81,890	53,076	49,473	42,915	4,325	43,134	15,418	29,866	0	0	-	-	-	-
`14`	-1.1m	-999,971	-969,481	-	-	-	0	0	0	0	0	0	2,299	5,525	145,783	193,800	160,803	138,059	116,594
`15`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`19`	-	-	-	-	-	-	0	-	-	-	-	0	-	0	0	-	-	-	-
`16`	-	-	-	-	-	-	0	10,000	10,000	32,500	32,500	37,500	62,500	84,018	75,000	99,263	99,263	99,263	99,263
`160/5`	-	-	-	-	-	-	0	10,000	10,000	32,500	32,500	37,500	62,500	84,018	75,000	99,263	99,263	99,263	99,263
`160`	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
`161`	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
`162`	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
`163`	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
`164/5`	-	-	-	-	-	-	0	10,000	10,000	-	-	-	-	-	-	-	-	-	-
`168`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`17/49`	860,042	951,157	1.2m	1.3m	1.1m	1.1m	835,355	845,962	746,292	908,213	1.1m	893,665	723,436	526,878	465,600	525,681	516,882	655,155	702,573
`17`	-	-	0	154,225	-	0	25,403	91,573	196,686	308,516	268,859	255,467	109,696	114,133	175,661	154,434	212,162	304,139	334,046
`170/4`	-	-	0	154,225	-	0	25,403	91,573	196,686	308,516	268,859	255,467	109,696	114,133	175,661	154,434	212,162	304,139	334,046
`175`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`176`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`178/9`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`42/48`	860,042	951,157	1.2m	1.2m	1.1m	1.1m	807,531	753,969	549,186	599,612	818,130	638,198	613,740	412,745	289,925	371,247	304,720	351,016	363,527
`42`	-	123,963	63,073	60,790	42,389	25,403	66,169	105,114	148,294	125,591	111,551	94,204	108,911	103,840	80,773	57,728	95,678	96,881	78,635
`43`	-	-	284,962	658,888	508,942	461,043	451,299	422,316	241,039	305,752	426,546	278,787	344,601	64,583	8,033	25,421	23,318	20,205	33,212
`430/8`	-	-	284,962	658,888	508,942	461,043	451,299	422,316	241,039	305,752	426,546	278,787	344,601	64,583	8,033	25,421	23,318	20,205	33,212
`439`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`44`	58,427	61,289	17,268	230,652	23,127	138,345	125,725	96,865	73,819	46,570	129,537	158,369	67,829	193,377	145,533	168,908	149,627	153,223	163,623
`440/4`	58,427	61,289	17,268	230,652	23,127	138,345	125,725	96,865	73,819	46,570	129,537	158,369	67,829	193,377	145,533	168,908	149,627	153,223	163,623
`441`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`46`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`45`	191	6,572	30,366	132,581	195,782	224,162	153,805	51,939	78,299	121,224	135,495	91,695	56,621	50,944	51,409	64,190	36,097	34,946	55,057
`450/3`	191	6,572	30,366	47,646	80,263	134,017	104,604	2,819	19,008	54,018	56,565	26,201	11,242	7,794	7,121	26,024	846	536	10,116
`454/9`	-	-	0	84,935	115,519	90,145	49,201	49,120	59,291	67,206	78,931	65,493	45,379	43,150	44,288	38,166	35,251	34,410	44,941
`47/48`	801,424	759,334	758,017	72,323	280,768	210,768	10,534	77,735	7,735	474	15,000	15,143	35,778	0	4,177	55,000	-	45,761	33,000
`492/3`	-	-	0	250	-	0	2,420	420	420	85	0	0	-	0	15	-	-	-	5,000
Income statement
`70`	-	-	-	-	-	-	-	0	0	0	0	0	934,495	0	0	-	-	-	-
`76A`	-	-	-	-	0	300	-	0	0	0	0	60,362	49,814	0	0	-	-	15,076	2,000
`9900`	-67,330	-49,419	16,511	569,229	388,400	574,829	498,320	565,833	651,540	765,155	844,199	677,135	527,846	340,398	474,647	616,896	573,595	651,312	687,944
`60/61`	-	-	-	-	-	-	-	0	0	0	0	0	533,848	0	0	-	-	-	-
`62`	2,740	1,676	818,600	479,926	438,935	463,260	424,171	486,928	551,114	661,714	676,978	533,072	358,951	359,345	383,261	373,290	389,517	415,506	473,975
`630`	3,463	6,720	47,620	30,501	12,341	16,609	16,813	41,669	45,439	51,352	91,608	113,914	91,389	83,767	89,363	89,505	97,684	109,018	89,168
`631/4`	-	-	-	-	0	-12,613	0	0	0	27,003	12,613	47,670	8,414	14,489	7,280	-	39,722	-	-
`635/8`	-	-	-	-	-	0	-10,000	0	-22,500	0	-5,000	-25,000	-21,518	9,018	-24,263	-	-	-	-
`640/8`	1,124	2,374	3,680	2,061	1,592	1,944	1,875	1,865	1,765	12,421	3,322	2,744	6,246	5,085	5,809	5,602	5,496	13,936	6,675
`649`	-	-	-	0	-64,392	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`66A`	-	-	22,977	4,070	11,470	15,660	22,779	0	0	0	0	60,362	114,325	0	0	-	-	-	23,517
`9901`	-74,657	-60,189	-876,366	52,671	-11,546	89,969	42,682	35,370	75,722	12,664	64,679	4,735	84,364	-131,306	13,196	148,499	41,176	112,852	118,126
`75/76B`	51	-	0	0	2,927	1,927	102	0	2,860	9,300	7,329	4,442	5,373	4,504	677	1,802	4,107	2,546	17,948
`75`	51	-	0	0	2,927	1,927	102	0	2,860	9,300	7,329	4,442	5,373	4,504	677	1,802	4,107	2,546	17,948
`76B`	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
`65/66B`	4,482	5,653	93,115	49,368	40,631	39,070	33,875	28,738	39,920	60,441	44,018	25,749	28,439	19,436	13,361	16,623	21,698	25,025	20,905
`65`	4,482	5,653	81,092	31,862	25,766	21,552	33,875	28,738	39,920	60,441	44,018	25,749	28,439	19,436	13,361	16,623	21,698	25,025	20,905
`66B`	-	-	12,023	17,506	14,865	17,518	0	0	0	-	-	-	-	-	-	-	-	-	-
`9903`	-79,088	-65,842	-969,481	3,304	-49,249	52,826	8,909	6,632	38,662	-38,477	27,990	-16,572	-3,213	-146,238	512	133,678	23,585	105,449	93,652
`67/77`	191	450	-	0	143	24,012	5,305	74	73	331	274	175	-30,000	-5,979	8,469	45,681	841	43,984	31,702
`9904`	-79,278	-66,292	-969,481	3,304	-49,392	28,814	3,604	6,558	38,589	-38,808	27,716	-16,747	26,787	-140,258	-7,957	87,997	22,744	61,465	61,950
`789`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`689`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`9905`	-79,278	-66,292	-969,481	3,304	-49,392	28,814	3,604	6,558	38,589	-38,808	27,716	-16,747	26,787	-140,258	-7,957	87,997	22,744	61,465	61,950
Appropriation of the result
`9906`	-1.1m	-1.0m	-969,481	3,304	-49,392	28,814	3,604	6,558	38,589	-38,808	27,716	-14,449	32,312	5,525	185,843	248,800	160,803	178,059	149,594
`14P`	-999,971	-969,481	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	35,802	-	0	49,392	-	0	0	0	38,808	0	14,449	-	0	0	-	-	-	-
`691/2`	-	-	0	3,304	0	28,814	3,604	6,558	38,589	-	27,716	0	30,013	0	0	-	-	-	-
`691`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`6920`	-	-	-	-	-	-	0	0	0	0	0	0	13	0	0	-	-	-	-
`6921`	-	-	0	3,304	0	28,814	3,604	6,558	38,589	0	27,716	0	30,000	0	0	-	-	-	-
`694/7`	-	-	-	-	-	-	0	-	-	-	-	0	-	0	40,060	55,000	-	40,000	33,000
`694`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	40,060	55,000	-	40,000	33,000
`695`	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	-	-	-	-
`696`	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	-	-	7.2	6.7	6.4	6.7	6.1	8.6	8.7	10.6	10.8	9.2	5.9	6.2	6.9	6.7	7.2	8	9.2
Hours worked`1013`	-	-	18,263	11,030	10,897	11,640	10,515	15,236	15,236	17,912	18,716	15,556	9,624	10,444	12,216	11,540	10,929	12,893	15,070
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The accounts for 24 older financial years (1982-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 03-03-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-09-2025	micro format	03-03-2026	2026-00047834	PDF
30-09-2024	micro format	27-03-2025	2025-00057263	PDF
30-09-2023	abbreviated format	30-04-2024	2024-00077461	PDF
31-12-2021	abbreviated format	09-08-2022	2022-20278830	PDF
31-12-2020	abbreviated format	30-07-2021	2021-43300255	PDF
31-12-2019	abbreviated format	10-06-2020	2020-15800570	PDF
31-12-2018	abbreviated format	29-08-2019	2019-54500400	PDF
31-12-2017	abbreviated format	10-08-2018	2018-45100251	PDF
31-12-2016	abbreviated format	06-06-2017	2017-15000378	PDF
31-12-2015	abbreviated format	20-06-2016	2016-20000289	PDF
31-12-2014	abbreviated format	25-06-2015	2015-21200280	PDF
31-12-2013	abbreviated format	21-08-2014	2014-44200597	PDF
31-12-2012	abbreviated format	08-04-2013	2013-08400290	PDF
31-12-2011	abbreviated format	18-07-2012	2012-31100521	PDF
31-12-2010	abbreviated format	31-08-2011	2011-50600025	PDF
31-12-2009	abbreviated format	23-08-2010	2010-43500007	PDF
31-12-2008	abbreviated format	15-07-2009	2009-42200168	PDF
31-12-2007	abbreviated format	26-06-2008	2008-29900092	PDF
31-12-2006	abbreviated format	01-06-2007	2007-17900374	PDF
31-12-2005	abbreviated format	30-06-2006	2006-39503100	PDF
31-12-2004	abbreviated format	01-06-2005	2005-20200484	PDF
31-12-2003	abbreviated format	24-06-2004	2004-32800094	PDF
31-12-2002	abbreviated format	10-06-2003	2003-22301454	PDF
31-12-2001	abbreviated format	06-06-2002	2002-18001835	PDF
31-12-2000	abbreviated format	12-06-2001	2001-20301970	PDF
31-12-1999	abbreviated format	26-06-2000	2000-28605331	PDF
31-12-1998	abbreviated format	24-06-1999	1999-23105308	PDF
31-12-1997	abbreviated format	06-07-1998	1998-29800411	PDF
31-12-1996	abbreviated format	12-06-1997	1997-14703740	PDF
31-12-1995	abbreviated format	08-07-1996	1996-32201921	PDF
31-12-1994	abbreviated format	19-06-1995	1995-25701469	PDF
31-12-1993	abbreviated format	22-06-1994	1994-18104996	PDF
31-12-1992	abbreviated format	02-07-1993	1993-22204126	PDF
31-12-1991	abbreviated format	19-06-1992	1992-12700294	PDF
31-12-1990	abbreviated format	17-09-1991	1991-25500116	PDF
31-12-1989	abbreviated format	27-11-1990	1990-28401024	PDF
31-12-1988	abbreviated format	26-10-1989	1989-24801262	PDF
31-12-1987	abbreviated format	06-01-1989	1989-00203826	PDF
31-12-1986	abbreviated format	05-11-1987	1987-24201053	PDF
31-12-1985	abbreviated format	25-09-1986	1986-39101083	PDF
31-12-1984	abbreviated format	12-02-1986	1986-01801214	PDF
31-12-1983	unclassified schema	09-07-1984	1984-09600280	PDF
31-12-1982	unclassified schema	27-06-1983	1983-07100593	PDF

Subsidies and aid

Flemish government 2022, 1 entry, €2,055 awarded, €2,055 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€2,055

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
-71,194	-53,469	-828,746	83,172	795	106,578	59,495	77,039	121,161	64,016	156,287	118,649	175,753	-47,539	102,559	238,004	138,860	221,870	207,294
-75,815	-59,572	-921,861	33,805	-37,051	45,423	20,417	48,227	84,029	12,544	119,324	97,167	118,176	-56,492	81,407	177,502	120,428	170,483	151,118
-12,692	15,747	-	0	87,550	0	3,261	5,832	40,951	37,949	36,278	27,748	146,516	53,108	0	9,190	52,768	125,947	24,205
-58,909	-56,688	-	5,146	-37,069	9,183	25,879	-31,151	-9,836	-18,303	65,827	-208,302	162,296	-150,229	29,856	48,590	-54,176	67,151	-
-738,715	-675,593	-600,273	460,851	272,572	397,173	379,574	436,587	499,306	590,223	495,936	404,499	351,274	400,595	562,719	524,396	468,812	493,130	523,501
-	-	-	-	-	-	-	-	-	-	-	-	9.0%	-	-	-	-	-	-
-606.2%	-225.5%	-105.6%	22.3%	26.2%	28.5%	32.1%	31.3%	33.7%	26.9%	25.5%	27.7%	32.2%	36.2%	47.4%	46.1%	44.9%	38.8%	36.3%
0.14	0.29	0.48	1.40	1.26	1.37	1.47	1.58	1.91	1.98	1.61	1.63	1.57	1.97	2.94	2.41	2.54	2.40	2.44
0.05	0.17	0.39	0.54	0.56	0.65	0.72	0.75	1.02	1.36	1.19	1.18	1.20	1.66	2.94	2.41	2.54	2.40	2.44
-	-	-	3.48	2.81	2.51	2.12	2.17	1.94	2.63	2.83	2.51	1.94	1.52	0.96	0.98	1.03	1.37	1.54
-	-	-	0.9%	-13.2%	6.8%	0.9%	1.7%	10.1%	-11.2%	7.2%	-4.7%	7.2%	-40.5%	-1.6%	16.5%	4.5%	12.8%	13.5%
-65.1%	-22.7%	-172.8%	0.2%	-3.5%	1.9%	0.3%	0.5%	3.4%	-3.0%	1.8%	-1.3%	2.3%	-14.7%	-0.8%	7.6%	2.0%	5.0%	4.9%
-15.88	-9.46	-10.22	2.61	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-	175 days	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-	46 days	-	-	-	-	-	-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	30-09-2023	31-12-2021
Employees at the balance-sheet date	-	7
full-time	-	5
part-time	-	2
in full-time equivalents	-	6.4
	7.2	6.7
On a permanent contract	-	7
Joined	0	1
Left	8	1

Source: social balance sheet in the 2021 to 2023 annual accounts

Securities and guarantees

on own assets and for others

Item	30-09-2025	30-09-2024	30-09-2023	2021
Debts secured on the company's own assets	-	-	-	€115,014
Debts guaranteed by Belgian public bodies	-	-	€100,000	€100,000

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	30-09-2025	30-09-2024	30-09-2023	2021
Tangible fixed assets	-	€15,747	-	-
	€3,463	€6,720	€47,620	€30,501

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on DS-ENGINEERING

The operating result for 2025 is a loss of €74,657, larger than the loss of €60,189 in 2024.

Equity is negative. Debt (€860,042) exceeds the balance-sheet total (€121,792).

Large changes and their cause

2024 Net result +93% on 2023. The previous financial year ran 21 months, this one 12. The accounts now follow the micro format, last year the abbreviated format.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-606.2%

Current ratio0.14

Return on assets-65.1%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022, 1 entry, €2,055 awarded, €2,055 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on DS-ENGINEERING

Next steps

in euro

in euro

-606.2%

0.14

-65.1%