DS IMMO
ActiveSummary
For the legal form of DS IMMO, Checked does not compute a bankruptcy probability. The 2024 annual accounts show equity of €188,142 and a net result of €17,378. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 59% of 9722 sector peers (fiscal year 2024). The company has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The figures in the accounts for fiscal year 2024 give a score of 59 on their own. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-2
Solvency66▼-1
Growth65=
Track record100
Credit verdict
Credit up to €11,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.94 against 3.07 in 2023; short-term debt: 29.8% and cash: 0.8% of total assets), but 59.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-12-2025, 151 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
151 d late
2023
149 d late
2022
150 d late
2021
151 d late
2020
150 d late
2019
117 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 145 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
In the rankings
#7 oldest company in Bertem
Turnover
€86,575▼ 0.7%
2019 · €87,180
EBIT margin
20.9%▼ 6.8pp
2019 · 27.7%
Net result
€17,378▼ 16.7%
2023 · €20,872
Working capital
€129,064▼ 28.4%
2023 · €180,332
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€86,575▼ 0.7%
Operating result€18,112▼ 25.0%€19,584▲ 8.1%€32,562▲ 66.3%€34,573▲ 6.2%€33,891▼ 2.0%
Net result€10,366▼ 35.1%€12,210▲ 17.8%€22,699▲ 85.9%€20,872▼ 8.0%€17,378▼ 16.7%
EBIT margin20.9%▼ 6.8pp
Equity€116,483▲ 9.8%€128,693▲ 10.5%€151,392▲ 17.6%€172,265▲ 13.8%€188,142▲ 9.2%
Total assets€435,574▼ 2.5%€409,601▼ 6.0%€404,945▼ 1.1%€412,462▲ 1.9%€460,884▲ 11.7%
Debt€298,090▼ 6.7%€259,908▼ 12.8%€232,553▼ 10.5%€219,197▼ 5.7%€251,742▲ 14.8%
Working capital€161,482▼ 5.9%€169,160▲ 4.8%€179,255▲ 6.0%€180,332▲ 0.6%€129,064▼ 28.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 2% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €460,884
Fixed assets
€194,284 ▲ 33.9%
Current assets
€266,600 ▼ 0.3%
Equity and liabilities €460,884
Equity
€188,142 ▲ 9.2%
Provisions
€21,000 =
Debt
€251,742 ▲ 14.8%
Debt's share of the balance-sheet total rises from 53.1% to 54.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€61,066▼
2023 · €62,084
Cash flow
€44,552▼
2023 · €48,383
Current ratio
1.94▼
2023 · 3.07
Debt to equity
1.34▲
2023 · 1.27
ROE
9.2%▼
2023 · 12.1%
ROA
3.8%▼
2023 · 5.1%
Interest coverage
10.01▲
2023 · 9.49
Debt ≤ 1 year
€137,535▲
2023 · €87,013
Debt > 1 year
€112,667▼
2023 · €129,063
Income taxes
€10,416▲
2023 · €7,160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €86,575 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €39,378 | €33,840 | €38,055 | €35,722 | ▼ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,145 | €24,356 | €24,258 | €27,511 | €27,174 | ▼ 1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €60 | -€60 | - | - | - |
| Other operating charges640/8 | - | €7,309 | €6,852 | €7,438 | €7,713 | ▲ 3.7% |
| Gross operating margin9900 | €47,912 | €51,309 | €63,612 | €69,523 | €68,778 | ▼ 1.1% |
| Operating profit (loss)9901 | €18,112 | €19,584 | €32,562 | €34,573 | €33,891 | ▼ 2.0% |
| Financial income75/76B | - | €1 | €102 | €0 | - | - |
| Recurring financial income75 | - | €1 | €102 | €0 | - | - |
| Financial charges65/66B | - | €7,374 | €6,964 | €6,541 | €6,098 | ▼ 6.8% |
| Recurring financial charges65 | €7,746 | €7,374 | €6,964 | €6,541 | €6,098 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €10,366 | €12,210 | €25,699 | €28,032 | €27,794 | ▼ 0.9% |
| Income taxes67/77 | - | - | €3,000 | €7,160 | €10,416 | ▲ 45.5% |
| Profit (loss) for the period9904 | €10,366 | €12,210 | €22,699 | €20,872 | €17,378 | ▼ 16.7% |
| Profit (loss) for the period to be appropriated9905 | €10,366 | €12,210 | €22,699 | €20,872 | €17,378 | ▼ 16.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €435,574 | €409,601 | €404,945 | €412,462 | €460,884 | ▲ 11.7% |
| Fixed assets21/28 | €176,376 | €159,328 | €149,024 | €145,117 | €194,284 | ▲ 33.9% |
| Tangible fixed assets22/27 | €174,360 | €157,312 | €147,008 | €143,101 | €192,268 | ▲ 34.4% |
| Land and buildings22 | - | €155,916 | €146,242 | €142,660 | €192,047 | ▲ 34.6% |
| Furniture and vehicles24 | - | €882 | €661 | €441 | €221 | ▼ 49.9% |
| Other tangible fixed assets26 | - | €514 | €105 | - | - | - |
| Financial fixed assets28 | €2,016 | €2,016 | €2,016 | €2,016 | €2,016 | = |
| Current assets29/58 | €259,197 | €250,273 | €255,921 | €267,345 | €266,600 | ▼ 0.3% |
| Amounts receivable within one year40/41 | €249,498 | €243,116 | €248,551 | €258,729 | €260,312 | ▲ 0.6% |
| Trade receivables40 | - | €13,895 | €17,288 | €26,310 | €25,671 | ▼ 2.4% |
| Other amounts receivable41 | - | €229,221 | €231,263 | €232,419 | €234,641 | ▲ 1.0% |
| Cash at bank and in hand54/58 | €4,176 | €3,695 | €3,719 | €5,091 | €3,718 | ▼ 27.0% |
| Deferred charges and accrued income490/1 | - | €3,462 | €3,651 | €3,525 | €2,569 | ▼ 27.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €435,574 | €409,601 | €404,945 | €412,462 | €460,884 | ▲ 11.7% |
| Equity10/15 | €116,483 | €128,693 | €151,392 | €172,265 | €188,142 | ▲ 9.2% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €60,862 | €60,862 | €60,862 | €61,906 | €77,782 | ▲ 25.6% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €2,903 | €3,772 | ▲ 29.9% |
| Legal reserve130 | - | €1,859 | €1,859 | €2,903 | €3,772 | ▲ 29.9% |
| Tax-exempt reserves132 | - | €6,914 | €6,914 | €6,914 | €6,914 | = |
| Distributable reserves133 | - | €52,089 | €52,089 | €52,089 | €67,096 | ▲ 28.8% |
| Profit (loss) carried forward14 | -€5,879 | €6,331 | €29,030 | €48,859 | €48,859 | = |
| Provisions and deferred taxes16 | €21,000 | €21,000 | €21,000 | €21,000 | €21,000 | = |
| Provisions for liabilities and charges160/5 | - | €21,000 | €21,000 | €21,000 | €21,000 | = |
| Major repairs and maintenance162 | - | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Environmental obligations163 | - | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Amounts payable17/49 | €298,090 | €259,908 | €232,553 | €219,197 | €251,742 | ▲ 14.8% |
| Amounts payable after more than one year17 | €198,900 | €177,319 | €154,887 | €129,063 | €112,667 | ▼ 12.7% |
| Financial debts170/4 | - | €139,586 | €130,512 | €120,995 | €111,013 | ▼ 8.3% |
| Other amounts payable178/9 | - | €37,734 | €24,374 | €8,067 | €1,654 | ▼ 79.5% |
| Amounts payable within one year42/48 | €97,716 | €81,113 | €76,666 | €87,013 | €137,535 | ▲ 58.1% |
| Current portion of amounts payable after more than one year42 | - | €8,651 | €9,074 | €9,517 | €9,982 | ▲ 4.9% |
| Trade debts44 | €18,201 | €16,878 | €13,243 | €26,581 | €28,068 | ▲ 5.6% |
| Suppliers440/4 | - | €16,878 | €13,243 | €26,581 | €28,068 | ▲ 5.6% |
| Taxes, remuneration and social security45 | - | €1,055 | €1,620 | €2,653 | €7,601 | ▲ 187% |
| Taxes450/3 | - | €1,055 | €1,620 | €2,653 | €7,601 | ▲ 187% |
| Other amounts payable47/48 | - | €54,530 | €52,730 | €48,262 | €91,883 | ▲ 90.4% |
| Accrued charges and deferred income492/3 | - | €1,475 | €1,000 | €3,122 | €1,540 | ▼ 50.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,366 | €12,210 | €22,699 | €20,872 | €17,378 | ▼ 16.7% |
| + Depreciation and write-downs630 | €23,145 | €24,356 | €24,258 | €27,511 | €27,174 | ▼ 1.2% |
| Operating cash flow (approximation) | €33,511 | €36,566 | €46,958 | €48,383 | €44,552 | ▼ 7.9% |
| Investment in fixed assets (approximation) | - | -€7,308 | -€13,954 | -€23,604 | -€76,341 | ▼ 223% |
| Change in cash | - | -€481 | €24 | €1,373 | -€1,373 | ▼ 200% |
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
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 151 days late
2024
27-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 149 days late
2023
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 150 days late
2022
31-12
Financial
Highest result since 2018net €22,699 ▲85.9%
Net result €22,699, the highest in the series.
31-12
Financial
Equity above €150,000Eq €151,392 ▲17.6%
5 profitable years in a row build equity to €151,392.
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 151 days late
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 150 days late
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 117 days late
2019
31-12
Financial
Equity above €100,000Eq €106,117 ▲17.7%
2 profitable years in a row build equity to €106,117.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 149 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Bertem · 2 establishment units since 1979
Ground area
4,614 m²
Building footprint
637 m²
Volume, LiDAR
8,957 m³
2 parcels, Brussels, Flanders · tallest building 29.7 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
DS IMMO
since 19792.015.982.771
DS IMMO
since 19832.015.982.672
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24009B0216/00M000 | Flanders | 3,730 m² | 1 · 166 m² | 10.7 m · 2 fl. |
| 21362B0286/00Z009 | Brussels | 884 m² | 1 · 471 m² | 29.7 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
PATSON
BE 0446.331.048
Bornem · Eq €188,618
SOCIETE DE CAPITAUX ET VALEURS IMMOBILIERES
BE 0501.824.154
Vorst · Eq €188,722
ONDAREA
BE 0546.879.268
Jodoigne · Eq €187,467
CREATIVE BUILDING
BE 0547.967.054
Anzegem · Eq €187,358
TENDANCES ET MARCHES
BE 0437.702.897
Liège · Eq €188,967
Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 4,756 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPartnership limited by shares
Founded01-01-1979
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.