DS Grondwerken
ActiveDS Grondwerken has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172k and a net result of €126k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 47% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+31
Solvency69▲+36
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.64 against 0.68 in 2024; short-term debt: 21.1% and cash: 17.4% of total assets), but 55.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
44.3%
Return on assets
32.3%
Age of the figures
9 mo
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 €172k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
31 d late
2022
on the day
2021
5 d late
2020
11 d early
2019
3 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€172k▲ 270%
2024 · €47k
2018: €103k
2019: €141k
2020: €180k
2021: €220k
2022: €185k
2023: €44k
2024: €47k
2018 → 2025
Total assets
€389k▼ 30.0%
2024 · €556k
2018: €386k
2019: €626k
2020: €653k
2021: €828k
2022: €729k
2023: €649k
2024: €556k
2018 → 2025
Net result
€126k▲ 5,454%
2024 · €2k
2018: €38k
2019: €38k
2020: €39k
2021: €40k
2022: €-35k
2023: €-140k
2024: €2k
2018 → 2025
Working capital
€135k
2024 · €-101k
2018: €22k
2019: €25k
2020: €65k
2021: €57k
2022: €6k
2023: €-146k
2024: €-101k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€220k-€185k▼ 16.0%€44k▼ 76.0%€47k▲ 5.1%€172k▲ 270%
Operating result€55k-€-24k€-121k▼ 397%€27k€144k▲ 438%
Net result€40k-€-35k€-140k▼ 298%€2k€126k▲ 5,454%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 438% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €389k
Fixed assets
€172k▼ 49.8%
Current assets
€217k▲ 1.9%
Equity and liabilities €389k
Equity
€172k▲ 270%
Debt
€217k▼ 57.4%
The debt ratio falls from 91.6% to 55.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€233k▲
2024 · €173k
Cash flow
€214k▲
2024 · €148k
Solvency
44.3%▲
2024 · 8.4%
Current ratio
2.64▲
2024 · 0.68
Quick ratio
2.64▲
2024 · 0.68
Debt / equity
1.26▼
2024 · 10.94
ROE
73.0%▲
2024 · 4.9%
ROA
32.3%▲
2024 · 0.4%
Interest coverage
12.57▲
2024 · 7.03
Debt
€217k▼
2024 · €510k
Debt ≤ 1 year
€82k▼
2024 · €314k
Debt > 1 year
€107k▼
2024 · €195k
Staff costs
€118k▼
2024 · €124k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€556k€389k▼
Fixed assets21/28€343k€172k▼
Tangible fixed assets22/27€343k€172k▼
Plant, machinery and equipment23€15k€12k▼
Furniture and vehicles24€23k€7k▼
Leasing and similar rights25€303k€151k▼
Other tangible fixed assets26€2k€2k▲
Current assets29/58€213k€217k▲
Amounts receivable within one year40/41€139k€141k▲
Trade receivables40€136k€139k▲
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€68k€68k▼
Deferred charges and accrued income490/1€6k€9k▲
Equity and liabilities
Total equity and liabilities10/49€556k€389k▼
Equity10/15€47k€172k▲
Contributions10/11€6k€6k=
Reserves13€171k€171k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€169k€169k=
Profit (loss) carried forward14€-131k€-5k▲
Amounts payable17/49€510k€217k▼
Amounts payable after more than one year17€195k€107k▼
Financial debts170/4€195k€107k▼
Amounts payable within one year42/48€314k€82k▼
Current portion of amounts payable after more than one year42€115k€35k▼
Financial debts43€125k-
Credit institutions430/8€125k-
Trade debts44€46k€36k▼
Suppliers440/4€46k€36k▼
Taxes, remuneration and social security45€19k€3k▼
Taxes450/3€17k€1k▼
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€10k€8k▼
Accrued charges and deferred income492/3-€28k
Income statement
Code20242025
Non-recurring operating income76A€9k€56k▲
Remuneration, social security and pensions62€124k€118k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€146k€89k▼
Other operating charges640/8€24k€21k▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€323k€372k▲
Operating profit (loss)9901€27k€144k▲
Financial income75/76B€62€160▲
Recurring financial income75€62€160▲
Financial charges65/66B€25k€19k▼
Recurring financial charges65€25k€19k▼
Profit (loss) for the period before taxes9903€2k€126k▲
Profit (loss) for the period9904€2k€126k▲
Profit (loss) for the period to be appropriated9905€2k€126k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-131k€-5k▲
Profit (loss) brought forward from the previous period14P€-133k€-131k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €126k ▲5454%
Operating result €144k, net result €126k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 2.64
Current ratio from 0.68 to 2.64; short-term debt falls from €314k to €82k.
31-12
Financial
Equity above €150kEq €172k ▲270%
2 profitable years in a row build equity to €172k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-140k
Net result drops to €-140k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
31-12
Financial
Equity above €200kEq €220k ▲22.3%
4 profitable years in a row build equity to €220k.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €180k ▲28%
3 profitable years in a row build equity to €180k.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Herenthout · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Langstraat 632270 HerenthoutGround area
1,208 m²
Building footprint
145 m²
Volume, LiDAR
703 m³
Parcel 13012D0291/00F000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DS-Grondwerken
since 20122.215.128.127
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13012D0291/00F000 | Flanders | 1,208 m² | 1 · 145 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 886 EUR awarded · 886 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 445 EUR | 445 EUR |
| 2022 | 1 | 441 EUR | 441 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
11 categoriesDS Grondwerken BV36624
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Of 8,452 companies in sector 43120 we hold annual accounts for 3,231. 2,626 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-11-2012
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
49410Freight transport by road
77310Rental and leasing activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.