DS HORECA
ActiveDS HORECA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-47k) and a net result of €-45k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▼-12
Solvency0▼-24
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.67 against 1.38 in 2024; short-term debt: 58.2% and cash: 66.1% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-34.9%
Return on assets
-34.1%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-47k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
30 d late
2022
3 d late
2021
2 d early
2020
60 d late
2019
83 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-45k▼ 346%
2024 · €-10k
2018: €-33k
2019: €-28k
2020: €5k
2021: €17k
2022: €52k
2023: €-13k
2024: €-10k
2018 → 2025
Working capital
€52k▲ 49.7%
2024 · €35k
2018: €14k
2019: €18k
2020: €50k
2021: €59k
2022: €-7k
2023: €14k
2024: €35k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-30k-€22k€9k▼ 58.4%€-1k€-47k▼ 4,216%
Operating result€17k-€-5k€-12k▼ 163%€-10k▲ 21.2%€7k
Net result€17k-€52k▲ 212%€-13k€-10k▲ 20.5%€-45k▼ 346%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €10k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133k
Fixed assets
€4k▼ 94.3%
Current assets
€130k▲ 2.9%
Key figures and ratios
EBITDA
€18k▼
2024 · €21k
Cash flow
€-34k▼
2024 · €21k
Solvency
-34.9%▼
2024 · -0.6%
Current ratio
1.67▲
2024 · 1.38
Quick ratio
1.67▲
2024 · 1.38
Debt / equity
-3.86
ROA
-34.1%▼
2024 · -5.3%
Interest coverage
40.01▼
2024 · 47.73
Debt
€180k▼
2024 · €193k
Debt ≤ 1 year
€78k▼
2024 · €91k
Debt > 1 year
€101k=
2024 · €101k
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€192k€133k▼
Fixed assets21/28€67k€4k▼
Tangible fixed assets22/27€15k€4k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€13k€3k▼
Financial fixed assets28€52k-
Current assets29/58€126k€130k▲
Amounts receivable within one year40/41€33k€41k▲
Trade receivables40€33k€41k▲
Other amounts receivable41€8-
Cash at bank and in hand54/58€92k€88k▼
Deferred charges and accrued income490/1€799€550▼
Equity and liabilities
Total equity and liabilities10/49€192k€133k▼
Equity10/15€-1k€-47k▼
Contributions10/11€40k€40k=
Reserves13€52k€52k=
Distributable reserves133€52k€52k=
Profit (loss) carried forward14€-93k€-138k▼
Amounts payable17/49€193k€180k▼
Amounts payable after more than one year17€101k€101k=
Other amounts payable178/9€101k€101k=
Amounts payable within one year42/48€91k€78k▼
Trade debts44€80k€67k▼
Suppliers440/4€80k€67k▼
Taxes, remuneration and social security45€973€1k▲
Taxes450/3€973€1k▲
Other amounts payable47/48€10k€10k=
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€11k▼
Other operating charges640/8€950€494▼
Gross operating margin9900€22k€18k▼
Operating profit (loss)9901€-10k€7k▲
Financial charges65/66B€442€52k▲
Recurring financial charges65€442€442▲
Non-recurring financial charges66B-€52k
Profit (loss) for the period before taxes9903€-10k€-45k▼
Profit (loss) for the period9904€-10k€-45k▼
Profit (loss) for the period to be appropriated9905€-10k€-45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-93k€-138k▼
Profit (loss) brought forward from the previous period14P€-83k€-93k▼
The notes to these accounts (11 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2022
31-12
Financial
Highest result since 2018net €52k ▲212%
Net result €52k, the highest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 60 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 83 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Huy · 1 establishment unit since 2015
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.
Avenue Delchambre 114500 HuyGround area
1,957 m²
Building footprint
529 m²
Parcel 61031B0031/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
DS HORECA
since 20152.238.511.362
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61031B0031/00M000 | Wallonia | 1,957 m² | 1 · 529 m² | - |
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.
Similar companies · same sector, comparable size
VERTICAL IMPACT
BE 0725.849.614
Elsene · Eq €9k
YLK CONSULTING
BE 1009.454.551
Wavre · Eq €9k
Okeanos Management
BE 1020.652.707
Kalmthout · Eq €9k
Yeco Solutions
BE 0759.754.181
Schaarbeek · Eq €9k
TIMA-CONSULT
BE 0562.849.824
Sint-Jans-Molenbeek · Eq €9k
Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 21,936 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.