DS Engineering
ActiveSummary
DS Engineering has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,776 and a net result of €9,932. Equity has been stable since 2018 (±1.3% per year). Its solvency ranks better than 44% of 39,272 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-12-2008 Normal situation
- Activity
- Business and other management consultancy NACE 70200
- Establishment unit
- 2.175.367.926 7784 Comines-Warneton, since 01-12-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €41,456
- ▲ 18.9%
- Turnover
- ≈ €120,000
- estimated
- Profit
- €9,932
- ▲ 144%
- Equity
- €121,776
- ▲ 8.9%
- Total assets
- €252,726
- ▼ 1.7%
Score breakdownlowers riskLiquidity: current ratio 1.80, cash €83,135Sector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €252,726Equity €121,776 (48.2% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 44% of them on solvency, 57% on liquidity, 30% on profitability and 56% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 59 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 17 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 66% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €117,541 | - | €4,643 | €1,734 | - |
| Depreciation and write-downs of the year | €21,453 | €23,628 | €23,967 | €21,979 | €22,305 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,124 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,542 | €10,745 | €10,745 | €21,453 | €23,628 | €23,967 | €21,979 | €22,305 | ▲ 1.5% |
| Other operating charges640/8 | - | - | - | €996 | €562 | €603 | €608 | €621 | ▲ 2.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €1,151 | €0 | ▼ 100% |
| Gross operating margin9900 | €48,936 | €78,371 | €53,703 | €39,163 | €28,469 | €30,882 | €34,880 | €41,456 | ▲ 18.9% |
| Operating profit (loss)9901 | €38,022 | €66,728 | €42,114 | €16,713 | €4,279 | €6,313 | €11,144 | €18,530 | ▲ 66.3% |
| Financial income75/76B | - | - | - | €3 | €0 | €0 | €3,947 | €3,252 | ▼ 17.6% |
| Recurring financial income75 | €0 | €0 | €1 | €3 | €0 | €0 | €3,947 | €3,252 | ▼ 17.6% |
| Financial charges65/66B | - | - | - | €3,010 | €3,157 | €4,773 | €9,439 | €7,843 | ▼ 16.9% |
| Recurring financial charges65 | €2,081 | €2,824 | €2,699 | €3,010 | €3,157 | €4,773 | €9,439 | €7,843 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | €35,941 | €63,905 | €39,416 | €13,707 | €1,122 | €1,539 | €5,652 | €13,939 | ▲ 147% |
| Income taxes67/77 | €11,056 | €18,122 | €12,112 | €1,273 | €384 | €482 | €1,585 | €4,006 | ▲ 153% |
| Profit (loss) for the period9904 | €24,885 | €45,783 | €27,305 | €12,434 | €738 | €1,058 | €4,066 | €9,932 | ▲ 144% |
| Profit (loss) for the period to be appropriated9905 | €24,885 | €45,783 | €27,305 | €12,434 | €738 | €1,058 | €4,066 | €9,932 | ▲ 144% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €152,217 | €192,611 | €226,870 | €245,700 | €257,056 | €259,666 | €257,028 | €252,726 | ▼ 1.7% |
| Fixed assets21/28 | €24,726 | €25,580 | €14,835 | €103,048 | €79,420 | €60,096 | €38,701 | €16,396 | ▼ 57.6% |
| Tangible fixed assets22/27 | €24,726 | €25,580 | €14,835 | €103,048 | €79,420 | €60,096 | €38,701 | €16,396 | ▼ 57.6% |
| Plant, machinery and equipment23 | - | - | - | - | - | €3,154 | €2,504 | €1,854 | ▼ 26.0% |
| Furniture and vehicles24 | - | - | - | €82,824 | €61,395 | €41,117 | €22,572 | €3,117 | ▼ 86.2% |
| Other tangible fixed assets26 | - | - | - | €20,224 | €18,024 | €15,824 | €13,625 | €11,425 | ▼ 16.1% |
| Current assets29/58 | €127,491 | €167,031 | €212,034 | €142,652 | €177,637 | €199,570 | €218,328 | €236,331 | ▲ 8.2% |
| Amounts receivable within one year40/41 | €35,071 | €14,044 | €16,325 | €28,841 | €14,401 | €11,232 | €22,761 | €8,953 | ▼ 60.7% |
| Trade receivables40 | - | - | - | €18,755 | €10,285 | €7,714 | €19,663 | €8,924 | ▼ 54.6% |
| Other amounts receivable41 | - | - | - | €10,086 | €4,116 | €3,518 | €3,099 | €29 | ▼ 99.1% |
| Current investments50/53 | - | - | - | - | - | - | €141,769 | €143,545 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €92,420 | €152,987 | €195,710 | €110,840 | €160,027 | €184,989 | €50,189 | €83,135 | ▲ 65.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2,971 | €3,208 | €3,349 | €3,608 | €697 | ▼ 80.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €152,217 | €192,611 | €226,870 | €245,700 | €257,056 | €259,666 | €257,028 | €252,726 | ▼ 1.7% |
| Equity10/15 | €75,964 | €121,747 | €149,051 | €161,485 | €131,604 | €107,777 | €111,844 | €121,776 | ▲ 8.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €57,364 | €103,147 | €130,451 | €142,885 | €113,004 | €89,177 | €93,244 | €103,176 | ▲ 10.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €141,025 | €111,144 | €89,177 | €93,244 | €103,176 | ▲ 10.7% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €76,253 | €70,865 | €77,819 | €84,214 | €125,452 | €151,889 | €145,185 | €130,951 | ▼ 9.8% |
| Amounts payable within one year42/48 | €76,253 | €70,865 | €77,819 | €84,214 | €125,452 | €151,889 | €145,185 | €130,951 | ▼ 9.8% |
| Trade debts44 | €264 | €629 | €599 | €2,042 | €422 | €292 | €4,144 | €745 | ▼ 82.0% |
| Suppliers440/4 | - | - | - | €2,042 | €422 | €292 | €4,144 | €745 | ▼ 82.0% |
| Taxes, remuneration and social security45 | - | - | - | €3,150 | €6,905 | €4,476 | €7,235 | €7,830 | ▲ 8.2% |
| Taxes450/3 | - | - | - | €3,150 | €6,905 | €4,476 | €7,235 | €7,830 | ▲ 8.2% |
| Other amounts payable47/48 | - | - | - | €79,023 | €118,125 | €147,120 | €133,806 | €122,376 | ▼ 8.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,885 | €45,783 | €27,305 | €12,434 | €738 | €1,058 | €4,066 | €9,932 | ▲ 144% |
| + Depreciation and write-downs630 | €9,542 | €10,745 | €10,745 | €21,453 | €23,628 | €23,967 | €21,979 | €22,305 | ▲ 1.5% |
| Operating cash flow (approximation) | €34,427 | €56,528 | €38,049 | €33,887 | €24,366 | €25,025 | €26,045 | €32,237 | ▲ 23.8% |
| Investment in fixed assets (approximation) | - | -€11,599 | €0 | -€109,665 | €0 | -€4,643 | -€584 | €0 | - |
| Change in cash | - | €60,567 | €42,723 | -€84,870 | €49,187 | €24,962 | -€134,800 | €32,946 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 10,904 companies had the same profile as DS Engineering has now. Two years later, 0.7% had gone bankrupt and 95.1% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of DS Engineering itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for DS Engineering. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00189906 | |
| 31-12-2024 | micro format | 23-06-2025 | 2025-00198543 | |
| 31-12-2023 | micro format | 02-04-2024 | 2024-00055975 | |
| 31-12-2022 | micro format | 24-04-2023 | 2023-00063689 | |
| 31-12-2021 | micro format | 20-06-2022 | 2022-20091050 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-23100311 | |
| 31-12-2019 | micro format | 22-06-2020 | 2020-18900152 | |
| 31-12-2018 | micro format | 09-07-2019 | 2019-30800161 | |
| 31-12-2017 | micro format | 18-06-2018 | 2018-20100032 | |
| 31-12-2016 | micro format | 29-06-2017 | 2017-25800248 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 12-07-2023 Converted to unavailable equity · €18,600
- 12-07-2023 Converted to unavailable equity · €1,860
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DE SLOOVER Laurent |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Administrateur non statutaire, tout moment effet immediat sans motif sauf accord contraire”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Droit de preemption, 10.4-10.4.1”“Prorata_participation_au_Prix_propose, offre_irrevocable_vente_pendant_periode_vente_au_Prix_propose_au_profit_co-Actionnaires”“Notification_Premier_Tour, second tour”“Plein_droit_sans_mise_en_demeure_taux_legal_augmente_2%_depuis_echeance, Notification_Resultat”
Articles of association, deed of 12-07-2023 (in French)
Network & group
DS Engineering shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of DS Engineering. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-07
Gazette deed
Change of role: DE SLOOVER Laurent, from statutory manager to statutory directorLegal-form conversion · Capital conversion · Registered office clause14 points ▸
- General meeting, 27-06-2023
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “Apport indisponible hors capital – Autres” (deed in French)
- Capital conversion, “Réserves statutairement indisponibles” (deed in French)
- Registered office clause, “indiquer dans les statuts la Région du siège, radier adresse du siège social dans les statuts” (deed in French)
- Director resignation, DE SLOOVER Laurent (statutory manager)
- Director appointment, DE SLOOVER Laurent (statutory director)
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital
- Director appointment, DE SLOOVER Laurent (administrateur statutaire)
- Other provision, “dispositions légales, dispositions légales pour tout ce qui n'est pas prévu aux statuts” (deed in French)
- The act holds 2 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 54009C0581/00G000 | Wallonia | 1,256 m² | 1 · 164 m² | 13.3 m · 4 |